M16S / Standard Chartered / Standard Chartered Smart Credit Card
entry · cashback
Standard Chartered Smart Credit Card
The Standard Chartered Smart Credit Card costs Rs 499 a year, waived if you spend Rs 1,20,000 in a year. Its base return is 1% (1% cashback on other spends). Accelerated earn: 2% cashback on online spends. The forex markup is 3.5%. It lists no airport lounge access. Read from the issuer's own documents on 11 Oct 2026.
- Annual fee
- Rs 499+ GST
- Fee waived at
- Rs 1,20,000annual spend
- Base return
- 1%
- Forex markup
- 3.5%
- Interest
- 3.75%a month
Apply on sc.bank.inOpens the bank’s own page.
Fees
| Joining fee | Rs 499 |
|---|---|
| Annual fee | Rs 499 |
| Annual spend that waives the fee | Rs 1,20,000 |
| Fee notes | Rs 499 in year 1 and from year 2 per the tariff page. Renewal fee reversed on spend of Rs 1,20,000 or more in the preceding year. Supplementary card free. |
Rewards
| Welcome benefit | Extended interest-free period for the first 90 days after issuance, provided the minimum amount due is paid on the first three statements. No points or voucher welcome offer. |
|---|---|
| Reward currency | Cashback |
| Base earn | 1% cashback on other spends |
| Base return | 1% |
| Point value | Cashback, Rs 1 = Rs 1 |
| Accelerated earn | 2% cashback on online spends |
| Caps | 2% online cashback capped at Rs 1,000 per statement cycle; 1% other cashback capped at Rs 500 per statement cycle (Rs 18,000 a year in all). From 21 Aug 2024 the caps apply at client level across primary and supplementary cards. |
| Spends that earn nothing | No cashback on fuel, cash advances, fees and finance charges, or bill payments through Billdesk / StanChart Bill Pay other than telecom and utility (electricity, water, gas) billers |
| Reward notes | base_return_pct is the stated 1% on non-online spend, valid up to Rs 50,000 of such spend per cycle (Rs 500 cap). The 2% online rate holds up to Rs 50,000 of online spend per cycle (Rs 1,000 cap). No minimum transaction value stated. The T&C does not define 'online spends' or list MCCs. |
Travel and perks
| Domestic loungeunverified | None |
|---|---|
| International loungeunverified | None |
| Forex markup | 3.5% |
| Fuel surcharge waiver | No waiver found. Tariff: fuel surcharge Rs 10 or 1% of the transaction, whichever is higher. |
| Other freebies | 3-month EMI at 0.99% per month with no processing fee on transactions of Rs 2,000 and above (Kuch Bhi on EMI) |
Charges and eligibility
| Interest per month | 3.75% |
|---|---|
| Late payment fee | On statement outstanding: nil up to Rs 100; Rs 100 for Rs 101-500; Rs 500 for Rs 501-5,000; Rs 700 for Rs 5,001-10,000; Rs 1,200 above Rs 10,000; plus Rs 100 if the minimum due is unpaid for 2+ consecutive months |
| Cash advance fee | 3% min Rs 300 |
| Fine-print notes | Card page and product T&C read. No lounge benefit is mentioned on either, so lounge is recorded as none. The page has no online apply button: 'To apply, visit nearest branch or call contact center'. The extended interest-free period excludes cash advances and EMI conversions and is lost if a minimum due is missed. Age and income criteria are not published on the page. Forex 3.5% is from the tariff page. Conflict: the tariff page (slabs effective 1 May 2024) charges Rs 1,200 above Rs 10,000, while some product pages still show an older table (Rs 800 for Rs 10,001-25,000; Rs 1,200 above Rs 25,000). The tariff page figure is recorded. |
Questions
- What is the annual fee of the Standard Chartered Smart Credit Card?
- Rs 499 a year, before GST. It is waived if you spend Rs 1,20,000 in a year.
- Does the Standard Chartered Smart Credit Card give airport lounge access?
- No lounge access is listed for this card.
- What is the forex markup on the Standard Chartered Smart Credit Card?
- 3.5% of each foreign-currency transaction, before GST.
- Which spends earn no rewards on the Standard Chartered Smart Credit Card?
- No cashback on fuel, cash advances, fees and finance charges, or bill payments through Billdesk / StanChart Bill Pay other than telecom and utility (electricity, water, gas) billers