Standard Chartered India Platinum Rewards Card

Joining feeAnnual fee

₹0Zero joining fee (spend ₹500 or more within 30 days from card issuance to avoid a onetime fee of ₹250)

Add-on card fee

Supplementary card joining/annual fee: Nil.

Welcome benefit

Not offered: No joining benefits.

Reward rate

1 reward point per ₹150 · everyday spends1 reward point for every ₹150 spent on all other categories.

Fuel earning

5 reward points for every ₹150 spent on fuel.

Reward earning on dining spends

5 reward points for every ₹150 spent on dining.

Reward caps

No monthly cap on the rewards earned: 5 reward points for every ₹150 spent on dining and fuel.

What one reward unit is worth

1RP = R0.25 (Reward points are redeemable against products, vouchers or services featured in the 360 Rewards catalogue)

Point expiry

Redeem your reward points and vouchers before their expiry dates.

Surcharge on railway tickets

₹25 or 2.5% of transaction (whichever is higher) on Railway transactions; the rate of surcharge may vary depending on acquiring bank.

Add-on card eligibility

Minimum age for add-on cardholder is 18 years

Purchase to EMI conversion

Balance on EMI: convert your entire outstanding (upto ₹5,00,000) into EMIs; zero processing fee

Forex markup

3.5% on foreign currency transactions.

Dynamic currency conversion markup

1%1% charge from Visa/ MasterCard on transactions at merchant establishments that are registered overseas, even if the merchant is in India; included as a part of the transaction amount in your statement

Cash advance fee

3% of cash withdrawal amount subject to a minimum of ₹300

Interest on unpaid balance

Monthly interest rate of 3.75% pm is annualized to arrive at an APR of 45.00%.

Interest-free period

18-48 days to 25-55 days depending on your Payment Due Date

Late payment fee

₹0 to ₹1,200 by statement balance (₹1,200 above ₹10,000)

Payment return or dishonour fee

₹500 will get debited towards cheque bounce charges.

Statement or duplicate statement fee

₹99/- per month for paper statement in case the customer opts for both, a paper statement and an electronic statement.

Cash payment / cash deposit fee

₹299 /- will be charged for making payment of credit card bills by depositing cash at any Standard Chartered Bank branch.

Reward redemption fee

₹99 will be charged towards handling and courier charges for redemption of reward points.

Fuel transaction fee

₹10 or 1% of transaction (whichever is higher) on Petrol transactions; the rate of surcharge may vary depending on acquiring bank.

Rent transaction fee

1% processing fee on transaction amount + applicable taxes

GST note

('GST') at prevailing rates is applicable on all taxable supplies.

Grace days after the due date

Interest-free (Grace) Period: the interest-free credit period can range from 18-48 days to 25-55 days depending on your Payment Due Date

Minimum amount due

Higher of (a) 5% of statement outstanding or (b) sum total of all installments billed, interest, fees, other charges, amount that is over limit and 1% of the principal or (c) ₹250.

Age the primary cardholder must be

21 to 65 years

Eligibility

Applicant’s age should be between 21 and 65 years.

Minimum age

Between 21 and 65 years.