Standard Chartered Rewards Credit Card
Standard Chartered Bank · Mastercard
Why this card?
- 0.67% back in reward points on eligible spends
- ₹1,000 annual fee; renewal fee waived on ₹1.5 lakh yearly spend
- 4 domestic airport lounge visits a year
- 1% fuel surcharge waiver
Card details
- Issuer
- Standard Chartered Bank
- Network
- Mastercard
- Annual Fee
- ₹1,000
- Joining Fee
- None
- Reward Type
- points
- Best Reward Rate
- 0.67% on all eligible spends
- Forex Markup
- 3.5%
- Domestic Lounge
- 4/yr
- Min. Monthly Income
- ₹25,000
- Rates verified
- 2026-10-06
Our verdict
Standard Chartered Rewards Credit Card (earlier listed as Rewards+) earns 4 reward points per ₹150 on retail spends, about 0.67% back, plus 4 bonus points per ₹150 on retail spends above ₹20,000 in a month, about 1.33% in total on that spend. The bonus is capped at 2,000 points (about ₹500) per statement cycle. There is no joining fee, and the ₹1,000 annual fee is waived at ₹1.5L spend. It also gives 4 domestic lounge visits a year and a fuel surcharge waiver, and competes with HDFC Millennia and Axis MyZone for the urban lifestyle segment.
Pros
- Bonus points above ₹20,000 monthly retail spend lift the rate to about 1.33%
- 4 domestic lounge visits per year (1 per quarter)
- About 0.67% base rate on retail spends
- Fee waiver at ₹1.5L is easy to achieve
Cons
- No international lounge access
- 3.5% forex markup
- SC rewards redemption less flexible than HDFC or Axis
- Points only — no cashback option