image of SBI Cashback

Standard Chartered Smart Credit Card

★★★★★(4.3)

If you are new to credit cards, consider the Standard Chartered Smart Credit Card as a great option! For a nominal joining and annual fee of ₹499, this card allows you to earn 2% cashback on all your online spending and 1% cashback on all other spends. In addition, you can enjoy an extended interest-free period of 90 days and other benefits. Keep reading to find out if this card is worth applying for!

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Standard Chartered Smart Credit CardFromSBI Bank
Powered ByVisa
Features and Benefits

Aspects that make spending using this card lit as the sun!

✘Welcome Bonus
✘Travel
✘Fuel
✘Rewards
✘Shopping
✔Cashback
✘Dining
✘Insurance
✔Interest
Cashback Benefit
Cashback Benefit
  • Flat 2% cashback up to ₹1,000 per month on all online transactions.
  • Flat 1% cashback up to ₹500 per month on all other spends. Note: Fuel transactions are not eligible for this cashback.
  • Cashback Rate: up to 2%
EMI Benefit
EMI Benefit
  • Ease of converting transactions above ₹2,000 into 3-month simple EMIs.
  • Nil processing fee for converting the transactions into EMIs.
Interest-Free Period
Interest-Free Period
  • Interest-free credit period for the initial 90 days post-card issuance.
  • Note: To avail of the interest-free credit period, the minimum balance due should be paid.
Fee and Charges

Think of these as small investments to keep your credit card running smoothly.

Charges

Joining Fee

₹499

Annual Fee

₹499

Annual Percentage Rate

45%

Add-on Card Fee

₹350

Minimum Repayment Amount

5%

Cash Withdrawal Fee

3%

Cash Advance Limit

NA

Card Replacement Fee

Nil

Foreign Transaction Fee

3.50%

Over Limit Penalty

2.50%

Fuel Transaction Surcharge

1%

Reward Point Value

NA
Pros

Aspects that make this credit card amazing.

  1. ⮚The card offers cashbacks on all the spends.
  2. ⮚Users can avail of a complimentary credit card with similar benefits as a primary card.
  3. ⮚It offers an extended 90 days interest-free credit period.
  4. ⮚It doesn’t charge any processing fee for EMI conversions.
  5. ⮚Users get an option to avail of a loan against a credit card.
Cons

Aspects this credit card lacks.

  1. ⮚Welcome Benefits are not offered.
  2. ⮚The card doesn’t offer any concierge services.
  3. ⮚It doesn’t provide access to airports or railway lounges.
  4. ⮚Monthly cashback benefits are capped very low.
  5. ⮚No cashback on fuel transactions.

Standard Chartered Smart Credit Card Review

This is the truth, the whole truth, and nothing but the truth; brought to you by the other users.

Standard Chartered Smart Credit card offers cashback on all your spending; however, caps it at a maximum of ₹1,000 for online spending and ₹500 for other spending. Thereby, the maximum you can save per year is 12,000 for online and 6,000 for other expenses. In all, you can save up to ₹18,000 per year. This is not that bad a savings option. However, note that the card lacks in offering some very basic benefits other than the cashback such as welcome benefit, lounge access, or even a fuel surcharge waiver. At an annual fee of ₹499, you can look out for other rewards credit cards that offer all-rounder benefits before making a final decision.

Cards similar to Standard Chartered Smart Credit Card:

1. Axis Bank Ace Credit Card 2. HSBC Cashback Credit Card 3. HDFC Bank Millennia Credit Card

Overview

Best forDaily Utilities & Essentials
Joining Fee₹499 + Applicable Taxes
Annual Fee₹499 + Applicable Taxes
Welcome BenefitsNA
Card NetworkVisa

Who should get an Standard Chartered Smart Credit Card?

The Standard Chartered Smart Credit card is an ideal choice for users who are looking for their first-ever credit card and want to utilise it on a day-to-day basis and earn cashback by making online and offline transactions and also want the option to convert their transactions into simple EMIs. As the card charges a nominal fee for all the benefits it offers, it is an ideal choice for users who want to avail of these benefits and don't want to pay a hefty fee in exchange.

How to Apply for an Standard Chartered Smart Credit Card?

1. Apply for an Standard Chartered Smart Credit Card Online

  • Standard Chartered Smart Credit cards can be applied through an online application process. To apply, follow the below-mentioned steps:
  • Visit the Standard Chartered Website.
  • Under the “Card” section, “Smart Credit card” will be listed.
  • Click on “Apply Now” and start the application process.
  • Fill in all the required details and upload all the necessary documents to complete the process.

Standard Chartered Smart Credit Card Eligibility

Applicants must be at least 18 years of age and have a steady source of income to be eligible for a credit card.

    Documents Required

    • Proof of identity: Proof of identity: PAN Card, Aadhaar card, Driver’s License, Passport, Voter’s ID, Overseas Citizen of India Card, Person of Indian Origin Card, Job card issued by NREGA, Letters issued by the UIDAI or any other government-approved photo ID proof.
    • Proof of Address: Proof of Address: Aadhaar card, Driver’s License, Passport, Utility Bill not more than 3 months old, Ration Card, Property Registration Document, Person of Indian Origin Card, Job card issued by NREGA, Bank Account Statement, or any other government-approved address proof.
    • Proof of Income: Proof of Income: Latest one or two salary slips (not more than 3 months old), Latest Form 16, and the Last 3 months’ bank statement.