Standard Chartered India Smart Credit Card

Renewal feeJoining fee

₹499 + GSTINR 499 + GST, The renewal fee will be reversed for clients with spends greater than or equal to INR 120,000 in the preceding year on Smart credit card

Fee waiver rule

The renewal fee will be reversed for clients with spends greater than or equal to ₹120,000 in the preceding year

Add-on card fee

₹0Lifetime free Supplementary credit cards

Welcome benefit

Extended interest free credit period for the first 90 days post credit card issuance by paying only the minimum amount due

Reward rate

1% cashback on your other spends, up to a maximum of ₹500 per month

Online earning

2% cashback on your Online spends, up to a maximum of ₹1000 per month

Reward exclusions

Fuel transactions are not eligible for cashback.

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

Balance transfer terms

Transfer card balance upto ₹5,00,000 from other bank credit card at attractive interest rate

Purchase to EMI conversion

Convert all your big spends above ₹2,000 to easy EMI with Kuch Bhi on EMI through online banking or SC Mobile.

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.

EMI conversion fee

NIL processing fee, with a special interest rate of 0.99% p.m. on 3-month EMI conversion.

Reward redemption fee

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

Rent transaction fee

1% processing fee on transaction amount + applicable taxes

GST note

Goods and Services Tax (GST) at prevailing rates is applicable on all taxable supplies

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.

Income requirement

Applicant should have a stable monthly income.

Minimum age

Between 21 and 65 years.

Documents required

Address Proof (Any One of the following documents with current residence address): Aadhaar Card, Passport, Driving License, Election/Voter’s ID Card, Job card issued by NREGA duly signed by an officer of the State Government, The letter issued by the National Population Register containing details of name, address.