The Standard Chartered Platinum Rewards Credit Card is a popular credit card offered by Standard Chartered Bank. It is designed to provide a range of rewards and benefits to cardholders, making it an attractive choice for individuals who want to earn rewards on their everyday spending. Here is an introduction to the key features and benefits of the Standard Chartered Platinum Rewards Credit Card:
1.Cardholders can earn reward points on their card transactions. The number of points earned depends on the type of transaction.
2.Earn accelerated rewards on dining, fuel, and other categories as specified by the bank.
3.Accumulated reward points can be redeemed for a wide range of options, including merchandise, vouchers, air miles, and more.
The card often comes with a welcome offer where cardholders can earn bonus reward points upon meeting the spending criteria within a specified period.
Special Offers and Discounts:
1.Enjoy exclusive offers and discounts on dining, shopping, travel, and other lifestyle categories.
2.The bank collaborates with partner merchants to provide attractive deals and privileges to cardholders.
The card is equipped with contactless payment technology, allowing for quick and convenient transactions at supported merchant terminals.
Fuel Surcharge Waiver:
Enjoy the convenience of a fuel surcharge waiver at designated fuel stations when you use your Standard Chartered Platinum Rewards Credit Card for fuel purchases.
Offers and Features of Standard Chartered Platinum Rewards Credit Card
The Standard Chartered Platinum Rewards credit card offers a range of features that are highly appealing to shopping enthusiasts and frequent fine-diners. Here are some salient features of the card that make it popular:
1. Supplementary credit cards: Cardholders can share the benefits with their family members by getting them supplementary Standard Chartered credit cards at no additional cost. The reward points earned on these supplementary cards will reflect on the primary credit card.
2. Contactless transactions: The card supports contactless payments, allowing for faster and more convenient transactions compared to cash or traditional cards. Cardholders can enjoy secure payments without worrying about withdrawal limits or security concerns.
3. Online transaction security: The card provides enhanced security for online transactions, offering 3D secure OTP verification systems for safer payments to different merchants.
4. Digital payment solutions: Cardholders have access to various digital payment solutions such as Bharat QR, Samsung Pay, and Bharat Bill Payment Solution (BBPS), enabling instant bill payments and convenient transactions.
5. SC Mobile and Online Banking: The card provides access to secure online banking facilities, including SC Mobile, for convenient management of card details and secure payments.
6. Kuch Bhi on EMI: Cardholders can convert unplanned expenses above INR 5000 into easy monthly EMIs with flexible pricing, favorable interest rates, and adjustable tenure options through online banking or SC Mobile.
7. 360-degree rewards: The card offers a comprehensive rewards program, allowing users to redeem their accumulated reward points from the online catalogue.
8. Dial-a-loan: Exclusive to Standard Chartered Platinum Rewards credit card users, this feature enables them to avail credit card loans up to INR 5,00,000 with flexible repayment periods ranging from 12 to 60 months.
9. Balance transfer: Cardholders have the option to transfer their outstanding balance from other credit cards to the Standard Chartered Platinum Rewards credit card at competitive interest rates.
10. Outstanding balance to EMI: The card provides the flexibility to convert the entire outstanding balance into easy pay EMIs with zero processing fees, allowing for convenient repayment of credit card bills.
With these features, the Standard Chartered Platinum Rewards credit card offers a smart and cashless way to enjoy the finer things in life. The 5x reward points make shopping and dining experiences more rewarding, making it a great choice for individuals looking to maximize their benefits while indulging in their favorite activities.
Benefits of Standard Chartered Platinum Rewards Credit Card
The Standard Chartered Platinum Rewards credit card offers an attractive rewards program that allows cardholders to earn reward points on their spending. Here are the details:
5x Reward Points: Cardholders can earn 5 reward points for every INR 150 spent on dining and fuel. There is no monthly cap on the rewards earned in these categories. However, it’s important to note that terms and conditions apply.
1x Reward Point: For all other categories of spending, cardholders can earn 1 reward point for every INR 150 spent. This includes purchases made outside of dining and fuel categories. Again, terms and conditions apply.
No Documentation Required: When applying for the Platinum Rewards card, there is no need to submit any documentation. Instant approval is provided for eligible applicants without the hassle of paperwork.
Zero Annual and Joining Fees: The card does not have any annual or joining fees. However, to avoid the onetime fee of INR 250 + GST, cardholders need to make a minimum spend of INR 500 within 30 days from the card issuance.
It’s important to review the terms and conditions associated with these rewards and fees, as specific criteria and limitations may apply. Nonetheless, the Standard Chartered Platinum Rewards credit card offers a convenient and potentially rewarding option for individuals seeking a credit card with attractive benefits.
Eligibility and Documents
To be eligible for the Standard Chartered Platinum Rewards credit card, applicants need to meet the following criteria:
- Age: The primary applicant should be between 21 and 65 years old. For add-on cardholders, the minimum age requirement is 18 years.
- Monthly Income: Applicants should have a stable monthly income to demonstrate their ability to repay credit card dues.
- Other Requirements: Applicants should belong to the credit card sourcing cities/locations specified by the Bank. Additionally, all applications are subject to credit and other policy checks conducted by the Bank.
To apply for the Standard Chartered Platinum Rewards credit card, you will need to provide the following documents:
1. Identity Proof: You can submit any one of the following photo identification cards: Passport, Voter ID Card, Government ID, etc.
2. PAN Card: You will need to provide a copy of your PAN Card, which is a mandatory requirement for credit card applications in India.
3. Address Proof: You can submit any one of the following documents as proof of your current residence address: Aadhaar Card, Passport, Driving License, Election/Voter’s ID Card, Job card issued by NREGA duly signed by a State Government officer, or a letter issued by the National Population Register containing your name and address details.
4. Recent Passport-sized Photograph: Attach one recent passport-sized photograph along with your application.
In addition to the above documents, you may also need to submit specific financial documents based on your employment status:
For Salaried Individuals:
Latest one-month salary slip
For Self-employed Businessmen:
1.Latest Income Tax Returns with computation of income or Certified Financials
2.Proof of business continuity (e.g., GST registration certificate, business license, etc.)
For Self-employed Professionals:
1.Latest Income Tax Returns
2.Proof of business continuity (e.g., professional practice certificate, registration certificate, etc.)
1. How can I apply for the Standard Chartered Platinum Rewards credit card?
You can apply for the Standard Chartered Platinum Rewards credit card through the bank’s website or by visiting the nearest bank branch. The application process usually involves filling out an online form and submitting the required documents.
2. What are the eligibility criteria for the Standard Chartered Platinum Rewards credit card?
The eligibility criteria for the credit card may include age requirements, minimum income criteria, and other factors. Generally, applicants should be between 21 and 65 years of age and have a stable monthly income. Specific eligibility requirements may vary, so it’s best to check with the bank for the most accurate information.
3. What are the rewards and benefits offered by the Standard Chartered Platinum Rewards credit card?
The credit card offers 5x reward points on dining and fuel expenses and 1x reward point on all other categories. It also provides features like contactless transactions, online transaction security, digital payment solutions, and access to the bank’s mobile and online banking services.
4. Is there an annual fee for the Standard Chartered Platinum Rewards credit card?
The credit card offers zero annual and joining fees, provided you spend Rs 500 or more within 30 days from card issuance. If the minimum spending requirement is not met, an onetime fee may be applicable.
The Standard Chartered Platinum Rewards credit card is a popular choice among shopping enthusiasts and fine-dining lovers. With attractive rewards, contactless payment options, enhanced online transaction security, and access to various digital payment solutions, it offers a convenient and rewarding experience for cardholders. Additionally, the flexibility in supplementary cards, instant approval without documentation, and balance transfer options make it an appealing choice for individuals looking for a versatile credit card. Remember to review the terms and conditions, eligibility criteria, and specific benefits before applying for the card to ensure it aligns with your financial needs and lifestyle.