Standard Chartered BankStandard Chartered Ultimate Credit Card
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Standard Chartered Bank
Standard Chartered Ultimate Credit Card
4.6 / 5mastercard
- Joining fee
- ₹5,000
- Annual fee
- ₹5,000
- Base reward
- 3.33%
- Min income
- ₹24,00,000/mo
- Forex markup
- 2%
- Interest p.a.
- 45%
Where it earns
| Category | Rate | Monthly cap |
|---|---|---|
| Everything else | 5% | Uncapped |
Benefits
- ▸5 reward points per Rs 150 spent (1 point = Rs 1, approx 3.33% value-back) across all spends
- ▸5% cashback on duty-free spends (up to Rs 1,000 per statement cycle)
- ▸Complimentary golf: 1 game and 1 coaching session per month at premier courses
- ▸1% fuel surcharge waiver (capped Rs 1,000/month)
- ▸Overseas air accident cover up to Rs 1 crore
- ▸Overseas medical insurance up to USD 25,000
- ▸Lifetime-free supplementary cards
The good
- + Flat 3.33% value-back on all spends with no category restrictions
- + Joining-fee-offsetting 6,000-point welcome bonus
- + Strong travel package: 4 domestic lounge visits/quarter, Priority Pass, golf, low 2% forex markup
The catch
- − International lounge access is gated behind Rs 20,000 prior-month spend
- − Rewards redeem mainly as shopping vouchers (1 point = Rs 1), limiting flexibility
- − No spend-based annual fee waiver