Standard Chartered Smart Credit Card

Ritika

The Standard Chartered Smart Credit Card is designed for those who want straightforward cashback on their daily transactions, especially online. It's an entry-level card that packs a punch for smart spenders.

Key Features of the Standard Chartered Smart Credit Card

Cashback Benefits

Earn 2% cashback on online spends, capped at ₹1,000 monthly (₹12,000 annually).
Get 1% cashback on offline spends, capped at ₹500 monthly (₹6,000 annually).
Cashback is available for categories often excluded by other cards (utilities, gas, etc.).
There are no brand or merchant restrictions for earning cashback.
Fuel, EMI transactions, and cash withdrawals are ineligible for cashback.
Cashback points do not expire.
Redeem cashback via the 360° Rewards portal.
The first redemption requires a minimum of ₹1,000; some sources mention ₹2,500.
Subsequent redemptions can be made in ₹500 increments.
Cashback reflects in the account within 3 working days post-redemption.
There is no fee for cashback redemption; no minimum spends are required to earn cashback.

Extended Interest-Free Period

Interest-free credit for the first 90 days after credit card issuance.
Applicable for the first three statement cycles on retail purchases only.
The minimum amount due must be paid to avail of the benefit.
The benefit excludes cash transactions.

Low-Interest EMI Facility (Kuch Bhi on EMI - KBE)

Convert transactions of ₹2,000 and above into 3-month EMIs.
Special interest rate: 0.99% per month, with no processing fees.
Available through online banking, SC Mobile, SMS response, or phone banking.

Not applicable for point-of-purchase EMI conversions.

Fees and Waivers

Joining fee: ₹499 plus GST; often waived for new customers.
Some sources mention a joining fee of ₹0.
Annual fee: ₹499 plus GST starting from the second year.
Fee waiver: Renewal fee reversed if spending exceeds ₹1,20,000 in the previous year.

Other Card Features

Available on the Visa Network.
Supplementary credit cards for family members are offered.
Contactless payment enables quicker, secure checkouts.
Secure online transactions with 3D secure OTP verification.
Access to various digital payment solutions like BharatQR and BBPS.
360° Rewards program for redeeming points.
Dial-a-loan: Loans up to ₹5,00,000 with flexible tenures.
Balance transfer option available for up to ₹5,00,000 at attractive rates.
Balance EMI allows conversion of outstanding amounts into EMIs without processing fees.

Eligibility Criteria

Applicants must be aged 18 to 65 years.
Add-on cardholders must be at least 18 years old.
A stable monthly income is required for applicants.
Applicants should reside in specific sourcing cities of the bank.
The card is entry-level, emphasizing cashback benefits over perks.

Documents Required to Apply

Identity proof options include a passport, PAN card, voter ID, or government ID.
Address proof options include an Aadhaar card, passport, driving license, or voter ID.
A recent passport-sized photograph is required.
Financial documents needed depend on employment type: a salary slip for salaried individuals and IT returns for self-employed applicants.

How to Apply for the Standard Chartered Smart Credit Card

The application process can be completed online.

If You Have an Existing Relationship with Standard Chartered Bank

Visit the official Standard Chartered Smart Credit Card webpage.
Click 'Apply Now' to proceed.
Confirm any existing relationship with the bank.
If applicable, confirm your existing credit card details.
Enter the required information and authenticate.
If you do not have a credit card, confirm if you have a debit card.
Provide the necessary details for debit card authentication.
If you do not have any existing cards, enter your personal information to proceed.

If You Do Not Have an Existing Relationship with Standard Chartered Bank

Visit the Standard Chartered Smart Credit Card page.
Click 'Apply Now' to start the application process.
Select 'No' for an existing bank relationship.
Enter your personal details and follow the instructions to complete the application.

Conclusion

The Standard Chartered Smart Credit Card is all about cashback, not perks like lounge access or free movie tickets. Its main strength lies in its wide cashback options and useful financial tools. If you want a simple card to earn rewards on everyday online purchases and expenses that usually don't qualify, this card is a great choice. It acts like a financial assistant, giving you rewards with every purchase!