Standard Chartered Platinum Rewards Credit Card Review

General Information

Rewards and Benefits

Fees and Charges

Summary

Get 5 times the reward points when you spend Rs 150 on dining and fuel transactions. Gain 1 reward point for every Rs 150 spent in other categories. Avoid renewal fees by spending Rs 500 within the first 30 days.

The Standard Chartered Platinum Rewards Credit Card is a suitable choice for individuals looking to maximize their rewards on dining and fuel expenses.

With no joining or renewal fees, this card offers a cost-effective solution for those seeking to earn reward points.

When it comes to rewards, this credit card offers a reward rate of 1 point for every Rs 150 spent on all categories.

Additionally, it provides 5 reward points for every Rs 150 spent on dining and fuel transactions, further enhancing the benefit for individuals who frequently indulge in these activities.

The card does not entail any specific welcome benefits or movie dining privileges.

However, the rewards program compensates by ensuring 1 reward point per Rs 150 spent across various shopping categories.

This versatility allows cardholders to accumulate points through their everyday purchases.

While the Standard Chartered Platinum Rewards Credit Card does not provide exclusive benefits for travel or access to domestic and international lounges, it offers a spend-based waiver.

By spending Rs 500 from the date of card issuance, individuals can successfully waive the annual or joining charges, making it a budget-friendly option.

For those interested in redeeming their hard-earned rewards, there is a nominal redemption fee of Rs 99 per request.

Additionally, the credit card incurs a foreign currency markup of 3.5% on transaction amounts, which is important to consider for international purchases.

Regarding financial aspects, the interest rate associated with this card stands at 3.75% per month (45% per annum), which reflects the standard rates in the credit card market.

Cash advances carry a fee of 3%, subject to a minimum charge of Rs 300.

Overall, the Standard Chartered Platinum Rewards Credit Card provides a straightforward rewards structure without any extravagant benefits.

With a focus on dining and fuel expenses, it allows individuals to earn reward points on their everyday purchases, making it a practical option for those looking to maximize their rewards potential.