The Standard Chartered Smart Credit Card is built around a straightforward cashback model. You earn 2% cashback on every online transaction, capped at ₹1,000 per month. Offline purchases earn 1% cashback with a monthly cap of ₹500. At maximum utilization, that totals ₹18,000 in annual cashback from combined online and offline spending. Fuel transactions are the one exclusion and do not earn any cashback.The card charges ₹499 plus GST as both joining and annual fee. First-year fees are currently waived for new Standard Chartered credit card customers. From year two, the fee gets reversed if your annual spending reaches ₹1,20,000. With such a low fee threshold, most regular users will effectively hold this card for free.One standout perk is the extended interest-free credit period. For the first 90 days after card issuance, you can pay only the minimum amount due and still avoid interest charges. After this window, the standard 3.75% monthly interest rate (45% APR) applies on revolving balances. The card also supports Kuch Bhi on EMI, which lets you convert any purchase above ₹2,000 into equated monthly installments at 0.99% per month with no processing fee on 3-month tenure.Digital payment options include BharatQR, BBPS, and contactless tap-and-pay on the Visa network. Supplementary cards come at no extra cost. Standard Chartered's 360 Rewards program is also accessible, letting you redeem reward points through an online catalog. For cardholders who want a low-fee card focused on cashback returns rather than travel or lifestyle perks, the Smart card delivers strong value at minimal cost.
Pros
↑2% cashback on online transactions and 1% on offline spending, earning up to ₹18,000 annually with a card fee of just ₹499
↑Extended interest-free credit period for 90 days after issuance, plus EMI conversions at 0.99% monthly with zero processing fee
↑Annual fee of ₹499 waived at ₹1.2 lakh spend, and first-year fee waived for new Standard Chartered credit card holders
Cons
↓Monthly cashback caps of ₹1,000 (online) and ₹500 (offline) limit returns for high spenders who exceed ₹50,000 in either category
↓No airport lounge access, travel insurance, or fuel surcharge waiver, making this unsuitable for frequent travelers
↓Standard 3.75% monthly interest (45% APR) applies after the initial 90-day grace window on revolving balances
Cashback
★4.0
▼
2% cashback on all online transactions across merchants
1% cashback on all offline point-of-sale transactions
Online cashback capped at ₹1,000 per month (₹12,000/year)
Offline cashback capped at ₹500 per month (₹6,000/year)
Fuel transactions excluded from cashback eligibility
Lifestyle
★2.5
▼
Digital payments via BharatQR, BBPS, and contactless Visa
Free supplementary card for family members
Dial-a-Loan facility up to ₹5,00,000 on credit card
Balance transfer from other bank cards at attractive rates
Balance EMI conversion up to ₹5,00,000 with zero processing fee
Reward Points
★2.5
▼
360 Rewards program for redeeming accumulated points
Online catalog with product and voucher options
₹99 handling charge per rewards redemption
Cashback is the primary earn mechanism, not reward points
Points earned on non-cashback eligible transactions only
Shopping
★3.0
▼
2% cashback applies to all online shopping categories
No specific merchant partnerships or accelerated earn rates
Kuch Bhi on EMI for purchases above ₹2,000
EMI conversion at 0.99% monthly for 3-month tenure
360 Rewards catalog for additional redemption options
Joining Fee
₹499 + GST (waived for new SC credit card holders)
Annual Fee
₹499 + GST
Annual Fee Waiver
Waived on ₹1,20,000 annual spend
Monthly Percentage Rate
3.75%
Annual Percentage Rate
45%
Minimum Monthly Payment
5% of outstanding or ₹250, whichever is higher
Foreign Currency Markup
3.5%
Late Payment Charges
Up to ₹1,200 based on outstanding balance
Overlimit Charges
₹500 or 2.5% of overlimit amount (min ₹500)
Cash Advance Fee
3% of amount (min ₹300)
Balance Transfer Fee
At attractive interest rate, up to ₹5,00,000
Fee For Supplementary Card
Nil
Card Replacement Fee
₹250
Fee For Duplicate Statement
₹125 per statement
Fee For Cheque Bounce
₹500
Age Requirement Salaried
18-65 years
Age Requirement Self Employed
18-65 years
Minimum Annual Income Salaried
Stable monthly income required
Minimum Annual Income Self Employed
Stable income as per IT Returns
Minimum Credit Score
Subject to bank's credit assessment
Identity Proof
PAN Card (mandatory)
Passport
Voter ID Card
Government-issued photo ID
Address Proof
Aadhaar Card
Passport
Driving License
Voter ID Card
NREGA Job Card
Income Proof Salaried
Latest 1 month salary slip
1 recent passport-sized photograph
Income Proof Self Employed
Latest IT Returns with computation of income
Certified Financials (for businessmen)
Business Continuity proof
1 recent passport-sized photograph
The annual fee is ₹499 plus GST. It gets waived if your annual retail spending reaches ₹1,20,000 in the preceding year. The joining fee of ₹499 plus GST is also waived as a special offer for new Standard Chartered credit card customers.
You earn 2% cashback on all online transactions, capped at ₹1,000 per month. Offline (point-of-sale) transactions earn 1% cashback, capped at ₹500 per month. Fuel transactions are not eligible for any cashback.
The maximum annual cashback is ₹18,000. This breaks down as ₹12,000 from online transactions (₹1,000 per month for 12 months) and ₹6,000 from offline transactions (₹500 per month for 12 months). You would need to spend at least ₹50,000 online and ₹50,000 offline each month to hit these caps.
Yes. The joining fee of ₹499 plus GST is waived as a special offer for new Standard Chartered credit card holders. This waiver does not apply to existing SC credit card customers.
The renewal fee of ₹499 plus GST gets reversed if you spend ₹1,20,000 or more on the Smart credit card in the preceding year. This applies from year two onwards.
No. Fuel transactions are explicitly excluded from cashback on the Smart Credit Card. Petrol pump transactions also attract a surcharge of ₹10 or 1% of the transaction amount, whichever is higher.
For the first 90 days after card issuance, you can pay only the minimum amount due on your statement and still avoid interest charges. This gives new cardholders extra time to manage payments. After the 90-day window, the standard interest rate of 3.75% per month applies on any revolving balance.
Kuch Bhi on EMI lets you convert any purchase above ₹2,000 into equated monthly installments. You can place the request through SC Mobile, online banking, phone banking, or by responding to the SMS received after your transaction. The 3-month tenure option carries a special interest rate of 0.99% per month with nil processing fee.
The 3-month EMI tenure carries a special interest rate of 0.99% per month with nil processing fee. Other tenure options may have different rates. You can convert eligible transactions into EMI through SC Mobile, online banking, or phone banking.
The Standard Chartered Smart Credit Card runs on the Visa network. It supports contactless tap-and-pay at all Visa-enabled terminals and is accepted globally at all Visa merchants.
Yes. You can get a supplementary card for a family member at no additional cost. Both joining and annual fees are nil for the supplementary card.
You must be between 18 and 65 years old with a stable monthly income. Add-on cardholders need to be at least 18 years. You should belong to one of Standard Chartered's credit card sourcing cities, and all applications go through the bank's credit and policy checks.
You need a PAN Card, one photo identity proof (Passport, Voter ID, or Government ID), address proof (Aadhaar, Passport, Driving License, or Voter ID), and a recent passport-sized photograph. Salaried applicants need the latest 1 month salary slip. Self-employed applicants need IT Returns and business continuity proof.
All overseas transactions carry a 3.5% transaction fee. This includes charges paid to Visa for currency conversion. Transactions at merchant establishments registered overseas, even if physically located in India, attract a 1% charge from Visa that is included in the transaction amount.
Late payment charges depend on your outstanding balance: ₹0 for up to ₹100, ₹100 for ₹101 to ₹500, ₹500 for ₹501 to ₹5,000, ₹700 for ₹5,001 to ₹10,000, and ₹1,200 for above ₹10,000. An additional ₹100 late fee applies if minimum amount due is unpaid for 2 or more consecutive months.
ATM cash withdrawals on the credit card attract a fee of 3% of the withdrawal amount, with a minimum charge of ₹300. Cash transactions also attract the standard interest rate of 3.75% per month from the date of the transaction.
Rent payments attract a processing fee of 1% of the transaction amount plus applicable taxes. While they may qualify for the 1% offline cashback, the processing fee effectively cancels out any cashback earned on rent transactions.
The card supports BharatQR for QR code payments, Bharat Bill Payment Solution (BBPS) for utility bills, Samsung Secure Pay, and Visa contactless tap-and-pay. Online transactions are secured through 3D Secure OTP verification.
You can log into the Standard Chartered 360 Rewards portal online to view and redeem your accumulated reward points. The catalog includes products and vouchers. A handling and courier charge of ₹99 applies per redemption.
The minimum amount due is the higher of 5% of your statement outstanding or ₹250. If you have unpaid minimum amounts from previous months, those carry over and add to the current minimum due. Paying only the minimum attracts interest on the remaining balance at 3.75% per month.
Yes. The Smart Credit Card supports Visa contactless payments. You can tap and pay at any terminal that accepts contactless Visa cards. This allows faster checkouts without swiping or inserting the card.
Yes. Any purchase above ₹2,000 can be converted into EMI through the Kuch Bhi on EMI feature. You can request conversion via SC Mobile, online banking, phone banking (080 39401166), or by responding to the post-transaction SMS.
If you exceed your credit limit, a fee of ₹500 per instance or 2.5% of the overlimit amount (whichever is higher, minimum ₹500) will be charged to your account.
You can apply by visiting the nearest Standard Chartered branch or calling the contact center. You will need identity proof, PAN Card, address proof, income documents, and a recent passport-sized photograph. All applications go through the bank's credit and policy assessment.
The monthly interest rate is 3.75%, which translates to an annual percentage rate (APR) of 45%. Interest is charged from the date of transaction on any revolving balance. If you make partial payment, the interest-free credit period is lost and interest applies to the daily outstanding amount.