Standard Chartered Platinum Rewards Credit Card Review
The Standard Chartered Platinum Rewards is a lifetime-free card that earns five times the base rate on fine dining and fuel, with no monthly cap on those bonus points.
The reward rate is modest overall, but as a free card it is a reasonable choice for regular diners and drivers who want no annual fee.
- No joining or annual fee
- 5X points on dining and fuel with no monthly cap
- Free supplementary cards
- Balance on EMI up to ₹5 lakh with no processing fee
- Simple to hold
- Modest reward rate (about 0.83% on dining and fuel, 0.17% elsewhere)
- One-time ₹250 + GST if you spend under ₹500 in 30 days
- Lifetime-free offer not for existing SC cardholders
- No lounge access or welcome benefit
- 1% fee on rent payments
Fees and charges
| Item | Detail |
|---|---|
| Joining / annual fee | Nil (digital applications by new SC cardholders) |
| One-time charge | ₹250 + GST if you spend less than ₹500 within 30 days of issue |
| Supplementary cards | Free |
| Interest | 3.75% a month (45% a year) |
| Rent | 1% fee |
Rewards: how the card earns
| Spend | Points per ₹150 | Approximate value |
|---|---|---|
| Fine dining and fuel | 5 (no monthly cap) | ~0.83% |
| Other spends | 1 | ~0.17% |
The 5X rate depends on the merchant being coded as dining or fuel. Point value is about ₹0.25 based on SC’s redemption chart.
What earns nothing
Rent payments carry a 1% fee.
Other benefits
| Benefit | Detail |
|---|---|
| Lounge access | None |
| Balance on EMI | Convert your outstanding (up to ₹5 lakh) into EMIs with no processing fee |
| Dial-a-Loan | Separate loan up to ₹5 lakh over 12–60 months |
| Network | Visa |
Eligibility
Issuer
Standard Chartered
Network
Visa
Age
21–65
Income
About ₹20,000 a month
Who this card is for
- Good fit: people who want a free card for dining and fuel and will spend ₹500 in the first month.
- Skip if: you want strong rewards or travel perks.
Alternatives worth comparing
Final verdict
A no-fee card with uncapped 5X on dining and fuel. The overall return is low, but it costs nothing to keep.
Frequently asked questions
Is the SC Platinum Rewards lifetime free?
Yes for digital applications by new SC cardholders. A one-time ₹250 + GST applies if you spend less than ₹500 within 30 days.
What earns 5X points?
Fine dining and fuel, with no monthly cap.
Does it have lounge access?
No.
Which network is it on?
Visa.
What is Balance on EMI?
You can convert your outstanding, up to ₹5 lakh, into EMIs with no processing fee.
Last verified: October 2026, against Standard Chartered’s Platinum Rewards product page. Card terms change often; confirm the current fees and reward rules on the issuer’s website before you apply. All fees are plus 18% GST.