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Standard Chartered Ultimate Credit Card
Visa, Mastercard 📡 Contactless NFC

Standard Chartered Ultimate Credit Card

Joining Fee₹5,000
Annual Fee₹5,000
Forex Markup 3.5%

⚖️ Card Verdict & Target Persona

Who Should Apply

Affluent travelers and high-value spenders seeking a flat 3.33% reward rate on all retail purchases (1 RP = ₹1.00), monthly domestic lounge visits, and 5% cashback on duty-free shopping.

Who Should Avoid

Users unable to justify the ₹5,000 annual fee or those seeking fee-waiver cards.

🎁 Key Features & Highlights

🎉

Joining & Activation Welcome Gift

Welcome bonus Reward Points upon payment of joining fee and realization

3.33% Valueback on All Retail Spends

Earn 5 Reward Points per ₹150 (3.33% valueback) across all retail spends with no category exclusions.

5% Cashback on Duty-Free Spends

5% cashback on all duty-free store spends globally (capped at ₹1,000 per visit, 2 visits/year).

Monthly Domestic Lounge + 4 International Visits

1 complimentary domestic airport lounge visit per month + 4 international lounge visits per year via Priority Pass.

💰 Reward Structure & Point Valuation

1 Reward Points = ₹1
Standard Base Earning
5 Reward Points per ₹150 spent on regular retail purchases (3.33% return; 1 RP = ₹1.00)
Accelerated / Partner Rate
5 Reward Points per ₹150 (3.33% valueback; 1 RP = ₹1.00) on all retail purchases; 5% cashback on duty-free spends (capped at ₹1,000/visit, 2 times/year); 4 complimentary golf rounds/year
Points Validity:36 Months
Redemption Fee: ₹99 + GST / cycle
Redemption Modes: Standard Chartered 360° Rewards Portal (Brand Vouchers & Flight Bookings at 1 RP = ₹1.00), Direct Statement Cash Credit
🚫 No Reward Points / Cashback on:
Fuel Wallet Loads Government Transactions Rent Payments Utility Spends Insurance Education Cash Advances EMI

🛋️ Airport Lounge Access & Spend Criteria

✓ Lounge Access Active
🛫
Domestic Lounge Visits1 complimentary domestic airport lounge visit per calendar month (12 visits/year)
🌐
International Lounge Visits4 complimentary international airport lounge visits per calendar year via Priority Pass
⚠️

Spend Criteria: Requires minimum retail spend of ₹20,000 in the previous calendar month for international lounge access

⚡ Spend Milestones & Special Perks

Annual Fee Waiver Lifetime Free (₹0)
No annual fee waiver threshold exists; renewal fee of ₹5,000 + GST applies annually with bonus rewards
UPI Payments Support✗ Not Supported
UPI not supported on Visa/Mastercard network
Fuel Surcharge Waiver1% Surcharge Waived
1% fuel surcharge waiver for transactions between ₹500 and ₹4,000 (Capped at ₹400/mo)

📋 Eligibility Criteria

✓ Official Criteria
Age Limit21 - 65 Years
Min. Monthly Income₹200,000
Min. Credit Score750 CRIF
Employment TypeSalaried / Self-Employed

📊 Interest Rates & Charges

Finance Charges (Interest Rate / APR):3.75% per month (45.0% per annum)
Late Payment Penalties:Late payment charges slab-based up to ₹1,200
Official Bank Portal Application

Get the Standard Chartered Ultimate Credit Card

Annual Fee: ₹5,000/yr (Waivable)

Personalized Card Matcher

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🔍 Related Credit Card Collections

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Frequently Asked Questions

No, Standard Chartered Ultimate Credit Card has a joining fee of ₹5000 and an annual renewal fee of ₹5000 (plus applicable taxes).