Standard Chartered Smart Credit Card

The SC Bank introduced the Standard Chartered Smart Credit Card in January 2022, specifically designed for individuals with modest incomes or those venturing into the realm of credit cards. With a modest joining fee of Rs. 499, this card offers an extended interest-free period for the initial 90 days post-issuance.

In terms of cashback perks, users enjoy a 2% cashback on all online transactions and a 1% cashback on offline expenditures. The card allows for a maximum cashback of Rs. 1,500 monthly, totaling up to Rs. 18,000 annually.

Furthermore, by spending Rs. 1,20,000 or more in the preceding year, cardholders can waive the renewal fee of Rs. 499. The card proves to be an ideal choice for frequent online shoppers seeking substantial savings on their purchases.

Key Highlights of Standard Chartered Smart Credit Card

Unlock unparalleled benefits with the Standard Chartered Smart Credit Card.

  1. Enjoy an extended interest-free period for the initial 90 days after setting up your card.
  2. Earn a 2% cashback on all online transactions with the Standard Chartered Smart Credit Card.
  3. Receive 1% cashback on all offline purchases made using the card.
  4. Benefit from a renewal fee waiver based on your spending activity.
  5. Take advantage of a low monthly interest rate of only 0.99% on EMI transactions.

Features and Benefits of Standard Chartered Smart Credit Card

The Standard Chartered Smart Credit Card offers several features and benefits:

1. Welcome Benefits:

  • Upon activation of the Standard Chartered Smart Credit Card, you receive an Amazon Pay voucher worth Rs.500.

2. Cashback Benefits:

  • Enjoy a 2% cashback on online purchases made with the card.
  • Earn a 1% cashback on all offline transactions using the Standard Chartered Smart Credit Card.
  • Maximum monthly cashback of Rs.500 for offline spends.

3. Spend-Based Benefits:

  • Spend Rs.1.2 lakh in the previous year, and the Rs.499 annual fee will be reversed.

4. Interest-Free Period Benefits:

  • For the first 90 days, experience an extended interest-free period on retail purchases.
  • To avail this benefit, ensure payment of the minimum amount due in each statement cycle.

5. Smart Card Kuch-Bhi on-EMI (KBE) Benefits:

  • Access the Smart Card KBE offer with a 3-month tenure at 0.99%.
  • No processing fee is charged on the Standard Chartered Smart Credit Card.
  • Applicable only for transactions converted into EMIs via net banking or the bank mobile app, excluding EMI conversions made at the point of purchase using the card.

Standard Chartered Smart Credit Card Fees and Charges

Explore the fee structure for the Standard Chartered Smart Credit Card and discover the financial advantages that come with it.

1. Joining Fee:

  • Amount: Rs. 499 + GST

2. Renewal Fee:

  • Amount: Rs. 499 + GST

3. Spend Based Waiver:

  • Waiver of renewal fee based on the total expenditure using the credit card.

4. Rewards Redemption Fee:

  • Nil

5. Foreign Currency Markup:

  • Applicable: 3.5% on all international transactions.

6. Interest Rates:

  • Monthly Rate: 3.75%

7. Fuel Surcharge:

  • Waiver: 1% fuel surcharge or Rs. 10, whichever is higher, granted as fuel surcharge waiver.

8. Cash Advance Charges:

  • Fee: 3% of the cash withdrawn, with a minimum charge of Rs. 300.

Eligibility Criteria for Standard Chartered Smart Credit Card

Here are essential criteria for applying for an Standard Chartered Smart Credit Card:

  1. The main applicant must be aged between 18 and 65 years.
  2. The additional applicant must be at least 18 years old.
  3. A stable source of income is a requirement for the applicant.
  4. The applicant must reside in a city where a branch of Standard Chartered Bank is present.

Documents Required for Standard Chartered Smart Credit Card

To apply for the Standard Chartered Smart Credit Card, you will typically need to provide the following documents:

1. Identity Proof:

  • Aadhar Card
  • PAN Card
  • Passport
  • Voter ID
  • Any other government-issued ID

2. Passport Size Photograph:

  • A recent passport-size photo

3. Address Proof:

  • Aadhar Card
  • Driving Licence
  • Passport
  • Voter ID
  • Job card issued by NREGA, etc.

4. Income Proof (Salaried Individuals):

  • Latest salary slips

5. Income Proof (Self-employed Individuals):

  • Latest IT Returns
  • Latest business continuity proof

How to apply for Standard Chartered Smart Credit Card

Follow these steps to apply for the Standard Chartered Smart Credit Card online:

  1. Go to the Standard Chartered Website.
  2. Navigate to the “Card” section where you will find the “Smart Credit Card” listed.
  3. Select “Apply Now” to initiate the application process.
  4. Provide all the necessary information and upload the required documents to successfully complete the application.

Frequently Asked Questions (FAQs) –

1. What is the Standard Chartered Smart Credit Card?

The Standard Chartered Smart Credit Card is a versatile and feature-rich credit card that offers a range of benefits, rewards, and smart features designed to enhance your lifestyle. It provides users with various privileges such as cashback, discounts, and exclusive offers.

2. How do I apply for a Standard Chartered Smart Credit Card?

To apply for a Standard Chartered Smart Credit Card, you can visit the official Standard Chartered Bank website or contact their customer service. The application process typically involves filling out an online application form, submitting required documents, and meeting the bank’s eligibility criteria.

3. What are the key features of the Standard Chartered Smart Credit Card?

The key features of the Standard Chartered Smart Credit Card include cashback on various transactions, discounts at partner merchants, rewards program, contactless payment options, and access to exclusive events and promotions.

4. How does the cashback feature work on the Smart Credit Card?

The cashback feature allows you to earn a percentage of your spending back as cash rewards. The specific cashback rates and categories may vary, so it’s essential to check the terms and conditions provided by Standard Chartered Bank.

5. Are there any annual fees associated with the Standard Chartered Smart Credit Card?

Standard Chartered Bank may have an annual fee for the Smart Credit Card, and the amount may depend on the type of card and the customer’s creditworthiness. It’s advisable to review the terms and conditions or contact the bank for the most accurate and up-to-date information.

6. How can I check my credit card balance and transactions?

You can check your Standard Chartered Smart Credit Card balance and transactions through online banking, mobile banking apps, or by contacting the bank’s customer service. Most banks provide secure and convenient ways for cardholders to monitor their credit card activity.

7. Is there a rewards program associated with the Standard Chartered Smart Credit Card?

Yes, the Standard Chartered Smart Credit Card typically comes with a rewards program where you can earn points for every eligible transaction. These points can be redeemed for various rewards such as gift vouchers, merchandise, or even cashback, depending on the bank’s redemption options.

8. How can I make payments on my Standard Chartered Smart Credit Card?

You can make payments on your Smart Credit Card through various channels, including online banking, mobile banking apps, automatic payments, or by visiting a Standard Chartered Bank branch. Ensure to make payments on time to avoid any late fees or charges.

9. Is the Standard Chartered Smart Credit Card eligible for contactless payments?

Yes, the Standard Chartered Smart Credit Card typically supports contactless payments, allowing you to make secure and convenient transactions by simply tapping your card on a contactless-enabled card reader.

10. What should I do if my Standard Chartered Smart Credit Card is lost or stolen?

If your Smart Credit Card is lost or stolen, contact Standard Chartered Bank immediately through their customer service hotline to report the incident. The bank will guide you through the necessary steps to secure your account and issue a replacement card if needed.