Standard Chartered Platinum Rewards Credit Card

Standard Chartered Bank is the biggest multinational bank in our country and has 99 offices peppered in 42 cities. It has been running a successful and reputed business here since 1858. The name Standard Chartered originated from the names of the two banks that partnered to form this bank in the year 1969- The Chartered Bank of India, Australia and China, and Standard Bank of British South Africa.

Standard Chartered PLC, as a British worldwide banking and financial services conglomerate with its base in London, has a wide network of over 1700 sub offices, associates and partnership ventures all over the world. It is an international bank that functions in individual, corporate as well as organized banking arena. In spite of its UK base, it is ironical that over 90 percent of the bank’s profits are from Asia and Africa. Standard Chartered bank’s Platinum Rewards Credit Card presents you with plenty of attractive features and saving options.

Features of SC Platinum Rewards Credit Card:

• If you use this card to pay for fuel in any petrol bunk in the country, you can earn redeemable cash points which either translates to rebates or cash return.
• This card is perfect for those looking to lead an epicurean life no matter where they go. Get attractive discounts or earn points when you stay at premier hotels, dine at your favourite restaurants or food joints- both in the country and abroad.

Benefits of SC Platinum Rewards Credit Card:

• You will also get two cash points every time you spend INR. 150 using your card anywhere. These accrued points can be used for some real big purchase or to pay back the balance amount due in your card.
• You also get to enjoy a gamut of opulent lifestyle perks. A great range of unrivalled value for money offers when you go for vacations, golfing, movies, events and more awaits you.

Eligibility Criteria and Documentation:

You should be an Indian resident aged at least 18 to apply for a Standard Chartered Credit card. Also, applicants will be asked to submit an ID proof, a proof of address and other income related documents while applying for the loan.

Fees & Other Charges:

• The joining fee for this credit card is INR. 399.
• The annual membership fee is waived off for the initial year.
• And from the second year onwards, the yearly membership renewal fee would be INR. 750.
• There shall be no additional fees.
• If you are applying for multiple cards for your family members’ (those above age 18), INR. 750 is levied per card.
• If you spend more than you’re allowed credit limit, an overlimit fee of INR. 500 per one transaction or 2.5 percent of the over limit sum will be charged.

Interest Charges:

Standard Chartered Platinum Rewards Credit Card customarily let go off interest charges if the amount due is paid completely within the agreed time frame every month. But they do levy full interest on the whole unsettled balance amount from the day of your purchase if the entire due amount is not paid.

• For Statement Outstanding amount less than or equal to INR. 500 – INR. 100
• For Statement Outstanding amount between INR. 501 and INR. 2000 – INR. 350
• For statement outstanding amount between INR. 2001 and INR. 5000 – INR. 500
• For statement outstanding amount between INR. 5001 and INR. 10,000 – INR. 600
• For statement outstanding amount greater than INR. 10,000 – INR. 700

SCB Platinum Rewards Credit Card FAQs:

1. Can I apply for a supplementary card?

Yes, you can apply for a supplementary card online. However, all add-on cards come with separate annual fee and renewal fees.

2. What should I do if I accidentally misplace or lose my card?

You can reach Standard Chartered’s 24/7 help desk to instantly block the card. You will be free from any fraudulent transactions made using the card after you have blocked it.

3. What can I submit as the income proof?

You can submit your latest payslips and income tax return statements as income proof.

4. What lifestyle benefits do I get with this card?

Cardholders stand to get exclusive offers on dining, golfing, movie tickets and holidays.

5. What will be the card replacement fee?

In case of loss of card or if it has to be replaced for some other reason, a replacement charge of INR. 250 is levied.