- Key Features of Standard Chartered Ultimate credit card:
- Benefits of Standard Chartered Ultimate credit card:
- Fee and charges of Standard Chartered Ultimate credit card:
- Redeeming Rewards On Standard Chartered Ultimate credit card:
- Eligibility to Apply for Standard Chartered Ultimate credit card:
- Required Documents for Standard Chartered Ultimate credit card:
- Comparison:
- Credit cards similar to Standard Chartered Ultimate credit card:
- Apply for Standard Chartered Ultimate credit card:
- How to Generate Pin:
- Contact:
- Conclusion:
- FAQs:
- Read More:
In today’s competitive credit card market, finding the perfect card that suits your lifestyle and offers valuable rewards can be a challenging task. However, Standard Chartered Bank’s Ultimate Credit Card emerges as a strong contender, catering to the needs of discerning individuals seeking a premium credit card experience. In this review, we will delve into the key features, benefits, and rewards of the Standard Chartered Ultimate Credit Card, helping you make an informed decision.
Key Features of Standard Chartered Ultimate credit card:
| Best Suited for | Travel |
| Joining Fee | Rs. 5,000 |
| Annual Fee | Rs. 5,000 |
| Minimum Income Requirement | Communicated during the sourcing process |
| Welcome Benefit | 6,000 reward points equaling Rs. |
| Best Feature | 5% reward on duty-free purchases; 2% foreign currency markup |
Benefits of Standard Chartered Ultimate credit card:
Welcome Benefits:
When you pay the membership fee for this card, you will receive 6,000 complimentary reward points* worth Rs. 6,000. It should be noted that the reward points are credited within 60 days of the bank receiving the joining fee payment.
Reward Points:
This credit card gives you 5 reward points for every Rs. 150 you spend. Take note that 1 reward point equals 1 Re. As a result, you can get the most out of this feature.
Travel Benefits:
With this card, you can get the following travel benefits:
- On overseas purchases, there is a 2%* foreign currency markup.
- 5% cashback* on duty-free purchases.
- Access to over 1000 airport lounges worldwide.
Lounge Access:
Cardholders are entitled to the following lounge benefits:
- Priority Complimentary Membership in the Pass is $99.
- 1 complimentary lounge visit* every month when you spend Rs. 20,000 in the previous billing cycle.
- Visa Lounge Programme provides complimentary domestic airport lounge access*.
Golf Benefits:
The Standard Chartered Ultimate card grants access to India’s best golf courses*. You are entitled to one free golf game every month. Click here to see a list of golf courses that are accessible through this perk.
Insurance Benefits:
| Category | Insurance Coverage |
| Accidental air death | Rs. 1 crore |
| Emergency medical insurance | USD 25,000 |
| Flight hijacking | USD 100 |
| Delayed baggage | USD 100 |
| Lost baggage/documents | USD 750 |
| Flight delay | USD 200 |
Fee and charges of Standard Chartered Ultimate credit card:
| Fee/Charge | Amount/Rate |
| Annual Fee | Rs. 5,000 |
| Renewal Fee (second year onwards) | Rs. 5,000 |
| Finance Charges | 3.75% / month| 45.00% / annum |
| Late Payment Charges | Up to Rs. 100 for Statement Balance – Nil 101 to 500 rupees – 100 rupees 501 to 5,000 rupees – 500 rupees Rs. 5,000 to 15,000 – Rs. 700 Rs. 15,001 – 25,000 – Rs. 800 More than Rs. 25,000 – Rs. 1,200 |
| Cash Advance Charge | 3% of the transaction value, with a minimum fee of Rs. 300. |
Redeeming Rewards On Standard Chartered Ultimate credit card:
- Under the 360° rewards programme, you can redeem your reward points for shopping vouchers (from prominent companies such as Nykaa, Croma, Shoppers Stop, and so on) and charitable donations on the Standard Chartered online platform.
- This card has a 1 RP value of Re. 1.
- These earned Rewards will expire three years from the date of accumulation.
Eligibility to Apply for Standard Chartered Ultimate credit card:
To increase your chances of approval for the Standard Chartered Ultimate Credit card, you must meet the following eligibility requirements:
- You must be between the ages of 21 and 65.
- You must have a consistent source of income (a monthly gross income of Rs. 2,00,000).
- You should have a good credit rating.
Required Documents for Standard Chartered Ultimate credit card:
| Proof of Identity | PAN Card, Aadhaar card, Driver’s License, Passport, Voter’s ID, Overseas Citizen of India Card, Person of Indian Origin Card, Job card issued by NREGA, Letters issued by the UIDAI or any other government approved photo ID proof |
| Proof of Address | Aadhaar card, Driver’s License, Passport, Utility Bill not more than 3 month’s old, Ration Card, Property Registration Document, Person of Indian Origin Card, Job card issued by NREGA, Bank Account Statement or any other government approved address proof |
| Proof of Income | Latest one or 2 salary slip (not more than 3 months old), Latest Form 16, Last 3 months’ bank statement |
Comparison:
Standard Chartered Ultimate credit card v/s Standard Chartered DigiSmart credit card:
| Basis | Standard Chartered Ultimate credit card | Standard Chartered DigiSmart credit card |
| Fee | Joining Fee Rs. 5,000 Renewal Fee Rs. 5,000 | Joining Fee Rs 49 plus applicable taxes Renewal Fee Rs 49 per month |
| Best Suited For | Travel | Shopping | Movies | Travel | Shopping |
| Reward Type | Reward Points | Reward Points |
| Welcome Benefits | The Standard Chartered 360° rewards programme offers 6,000 Rewards that may be redeemed for gift cards to stores or donations to charities. | N/A |
Standard Chartered Ultimate credit card v/s Standard Chartered DigiSmart credit card:
| Basis | Standard Chartered Ultimate credit card | Standard Chartered Manhattan credit card |
| Fee | Joining Fee Rs. 5,000 Renewal Fee Rs. 5,000 | Joining Fee Rs. 999 plus applicable taxes Renewal Fee Rs. 999 plus applicable taxes |
| Best Suited For | Travel | Shopping | Shopping |
| Reward Type | Reward Points | Reward Points |
| Welcome Benefits | The Standard Chartered 360° rewards programme offers 6,000 Rewards that may be redeemed for gift cards to stores or donations to charities. | 5,000 Bonus Reward Points |
Credit cards similar to Standard Chartered Ultimate credit card:
| Credit Card | Annual Fee | Key Feature |
| SBI Card PRIME | Rs. 2,999 | Free Memberships (Trident, Vistara, etc.) and Access to the Lounge |
| SBI Card ELITE | Rs. 4,999 | Club Vistara, Priority Pass, etc., are all free memberships |
| HDFC Bank Infinia Credit Card | Rs. 10,000 | Unlimited free golfing at a few courses throughout the world |
Apply for Standard Chartered Ultimate credit card:
- The SC Ultimate credit card can be applied for online through the bank’s official website.
- After you have successfully completed your digital application, a bank official will contact you to finish the documentation.
- An ID proof (such as an Aadhar card, PAN card, voter card, or any other government-issued ID proof), an address proof, a passport-sized photo of yourself, and financial documents such as IT return proof (for self-employed individuals) or the most recent bank statements/salary slip (for salaried employees) will be required.
- Your card application may also be processed in conjunction with your other credit statements.
How to Generate Pin:
Via Net Banking:
- If you already have an account with Standard Chartered Bank online banking, you can set your new credit card PIN by logging in.
- If you only have a Standard Chartered Bank credit card and no other accounts with the bank, you may be required to open an internet banking account for your credit card.
- To begin, you must first sign up for Standard Chartered Bank Credit Card Net Banking.
Once you have access to Standard Chartered Bank internet banking, you can set your credit card PIN for the first time by following the procedures below.
How to Change the PIN on Your Standard Chartered Bank Credit Card
Enter your username and password to access your Standard Chartered Bank online banking account.
- Go to ‘Help and Services’ and then ‘Card Management.’
- Choose ‘Credit or Debit Card PIN Change’.
- Choose your credit card from the drop-down option.
- Enter a new 6-digit PIN of your choosing.
- Enter it again in the next column and press the ‘Next’ button.
- For verification, a one-time password (OTP) will be given to your registered mobile number.
- In the next step, enter the OTP and click ‘Confirm’.
- When the OTP is properly validated, the screen will display a notification indicating that your credit card PIN has been set.
Via Customer care:
- Call the Standard Chartered Bank credit card helplines to get your credit card PIN right away if you don’t have access to SCB internet banking.
- You can set your credit card PIN by calling the relevant Standard Chartered Bank phone banking number from 7 a.m. to 11 p.m. on any day.
Contact:
Via Phone:
18003451000,66014444 / 39404444
Via E-Mail:
customer.care@sc.com.
Conclusion:
The Standard Chartered Ultimate Credit Card impresses with its extensive range of benefits, tailored to cater to the needs of discerning individuals seeking premium rewards and privileges. Whether you are a frequent traveler, a fine-dining enthusiast, or simply someone who appreciates the finer things in life, this card offers an exceptional experience. With attractive welcome offers, generous rewards, travel perks, lifestyle privileges, and enhanced financial flexibility, the Standard Chartered Ultimate Credit Card deserves serious consideration for those looking to maximize their credit card experience.
FAQs:
I lost the PIN for my Standard Chartered Ultimate credit card. How do I get it back?
If you lose your SCB credit card PIN, you must follow the steps above to create a new PIN. You cannot get your previous credit card’s PIN back.
How long do reward points last?
Three years after they are accumulated, reward points are still valid.
Is the 5% cashback offered on all airport purchases valid?
No, the 5% cashback only applies to purchases made at duty-free shops at the airport.
What is foreign currency markup on Standard Chartered Ultimate credit card?
A 3.5% foreign exchange markup is required at the time of the transaction; however, 1.5% of that amount is returned as cashback within 60 days after the transaction. Therefore, the actual markup for foreign currency is 2%.
Can you use reward points to pay your credit card bills?
No, under the Standard Chartered 360° rewards programme, reward points can only be exchanged for gift cards to stores or donations to charities.
Can I apply for the Standard Chartered Ultimate credit card using the same credit card line as another one?
According to your prior credit card statements, you can apply for this credit card.
Does fuel surcharge not apply?
No. In India, there is a 1% gasoline premium that must be paid at all filling stations. However, you also receive the standard reward points for fuel expenditures (in contrast to the majority of other credit cards).
Is entrance to domestic airport lounges complimentary with the Standard Chartered Ultimate credit card?
Yes, with a Visa or Mastercard, we offer four complimentary visits each quarter.
Will I be charged if I use my card overseas?
A. Standard Chartered Ultimate credit card charges a low foreign transaction fee of 2%.
What are the additional benefits on Standard Chartered Ultimate credit card?
The additional benefits offered on Standard Chartered Ultimate credit card include digital payment solutions, online banking, and conversion of transactions above Rs. 5,000 to EMI. Apart from that, the card also offers dial-a-loan facility for a loan up to Rs. 5 Lakh for tenures ranging between 12 to 60 months.
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