Santa Claus comes around just once a year. In the meantime, there are Credit Cards.
• # Standard Chartered Bank Credit Card Interest Rates

Standard Chartered Bank is among the largest banks in the country that offers many credit cards across different categories such as lifestyle, travel, rewards, etc. The Standard Chartered Credit Card also comes with certain fees and charges, primarily, the finance charge or interest rate.

The finance charge applied by Standard Chartered is applied for the transactions made with the card and will be included in the â€˜total amount dueâ€™ in your credit card statement.

## What Is Standard Chartered Bank Credit Card Interest Rate?

Popular Bank's Credit Card Interest Rates

Standard Chartered Bank Credit Card will charge an additional interest rate if you have not paid your total outstanding amount or have just paid a portion of your total outstanding amount by paying only the minimum amount due.

For example, if your total outstanding amount on your card is Rs.10,000 and you paid Rs.4,500 as a partial payment. The remaining Rs.5,500 will be carried forward to next monthâ€™s statement and will attract a certain rate of interest.

However, if you pay off your total outstanding amount, there wonâ€™t be an interest rate that will be charged on your credit card.

## How Are Credit Card Interest Rates Calculated by Standard Chartered Bank?

Standard Chartered Bank calculates the finance charges through the Annual Percentage Rate of APR. It is the total rate of interest applicable on your credit card per year.

Standard Chartered Bank charges a monthly rate of interest on the due amount daily. You can calculate the Daily Periodic Rate by dividing the Annual Percentage Rate by the total number of days in the year.

For example, if the monthly interest rate charged on your Standard Chartered Bank credit card is 4%, the formula used to calculate the interest rate you land up paying on an average daily balance method is as follows:

Interest Rate = [(Total Outstanding Amount x 3% per month x 12 months) X number of days] / 365 days.

## Interest Rate Charged on Standard Chartered Bank Credit Cards

Standard Chartered Bank Credit Cards Monthly Interest Rate Annual Rate
Standard Chartered Bandhan One Credit Card 3.75% 45.00%
Standard Chartered Bandhan Plus Credit Card 3.75% 45.00%
Standard Chartered Bandhan Xclusive Credit Card 3.75% 45.00%
Standard Chartered DigiSmart Credit Card 3.75% 45.00%
Standard Chartered Platinum Rewards Credit Card 3.75% 45.00%
Standard Chartered Manhattan Platinum Credit Card 3.75% 45.00%

## Which Standard Chartered Bank Credit Card Transactions Attract Interest Charges?

Interest charges on credit cards are applied not only for the inability to pay the total due amount within the due date but also on other activities and transactions. Some of them are as follows:

• On payment of minimum due amount, a portion of the total outstanding amount will be carried forward into the next billing cycle.
• On not paying the minimum due amount within the due date, a late fee and other charges will be charged on the credit card.
• On international expense, additional charges or foreign currency charges will be levied.

## Standard Chartered Bank Credit Card Interest-free Period

Standard Chartered Bank offers an interest-free period of up to 50 days depending on the date of the transaction. The credit period that is interest-free will be applicable only if you have paid your total outstanding amount in full for the previous month.

On paying the total outstanding balance within the interest-free period, the bank will not charge you anything additional.