Standard Chartered Ultimate Credit Card
Standard Chartered Bank · Mastercard
Why this card?
- 3.33% back in reward points on eligible spends
- ₹5,000 joining and annual fee
- 16 domestic and 12 international airport lounge visits a year
- 1% fuel surcharge waiver
Card details
- Issuer
- Standard Chartered Bank
- Network
- Mastercard
- Annual Fee
- ₹5,000
- Joining Fee
- ₹5,000
- Reward Type
- points
- Best Reward Rate
- 3.33% on all eligible spends
- Forex Markup
- 2%
- Domestic Lounge
- 16/yr
- Min. Monthly Income
- ₹1,50,000
- Rates verified
- 2026-10-06
Our verdict
Standard Chartered Ultimate is a premium travel card with 16 domestic and 12 international lounge visits a year (the international visit needs prior-month spend of at least ₹20,000), a 2% forex markup (among the lowest for Indian cards) and a flat 3.33% reward rate on most spends. At ₹5,000/year with no fee waiver and a minimum monthly income of ₹1.5 lakh, it targets high-income travelers who can extract value from the lounge access and low forex markup.
Pros
- 16 domestic and 12 international lounge visits a year
- 2% forex markup — among the lowest for Indian premium cards
- 5% duty-free cashback (up to ₹1,000 per statement cycle) and a 1% fuel surcharge waiver
- 3.33% reward rate on most spends (5 points per ₹150)
Cons
- ₹5,000 annual fee with no fee waiver condition
- High minimum income requirement (₹1.5 lakh a month) — not accessible for most users
- HDFC Infinia and Axis Magnus offer comparable or better reward rates at similar fee brackets