Standard Chartered India Ultimate Credit Card

Renewal fee

₹5,000 a year.

Joining fee

₹5,000 to join.

Add-on card fee

₹0

Welcome benefit

6000 Reward Points worth ₹6000 on payment of joining fee.

Reward rate

5 reward points per ₹150 · everyday spends5 reward points per ₹150 spent.

Utilities earning

Utilities, Supermarkets, Insurance, Property management, Schools & Government payments earn 3 reward points on every ₹150 spent.

Reward exclusions

No reward points will be earned for Fuel transactions.

What one reward unit is worth

1 reward point equal to ₹1.

Catalogue redemption

1 Reward point equals to ₹1.

Domestic lounge access

The domestic lounge program under VISA/Mastercard provides you 4 domestic lounge accesses per calendar quarter using your Ultimate Credit Card.

International lounge access

The Priority Pass programme provides you with 1 international lounge visit per month, subject to the cardholder having spent more than ₹20,000 in the previous calendar month of the visit.

Priority Pass

Complimentary membership to Priority Pass to primary card holder as well as supplementary card holder.

Hotel or travel programme

5% cashback on duty free spends.

Golf

Complimentary access to premier golf courses in the country.

Fuel surcharge waiver

Surcharge waiver of 1% on fuel spends across all petrol pumps, capped at ₹1000 per month.

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.

Air accident cover

Complimentary overseas air accident cover of ₹1 Crore.

Travel insurance

Medical insurance worth USD 25,000.

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

2% 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 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.

Rent transaction fee

1% processing fee (plus taxes) on all rental transactions

GST note

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

Minimum amount due

The minimum amount due every month shall be higher of the following (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.