Standard Chartered Rewards Credit Card Review
The Standard Chartered Rewards card is a straightforward points card that doubles your earn rate on monthly spending above ₹20,000.
It includes a domestic lounge visit each quarter with no spend condition, which is unusual at this price point.
- Points doubled on monthly spend above ₹20,000
- No cap on base points; EMI spends earn points
- 1 domestic lounge visit a quarter with no spend condition
- Fee reversed on ₹1.5 lakh, or 4,000 points if you pay it
- Fuel waiver up to ₹400 a month
- Bonus points capped at 2,000 a cycle
- No points on fuel or cash; 1 per ₹150 on government and insurance
- ₹99 fee per redemption
- 3.5% forex markup
- 1% fee on rent
Fees and charges
| Item | Detail |
|---|---|
| Joining fee | Nil |
| Annual fee | ₹1,000 + GST, reversed on ₹1.5 lakh spend in the previous year (otherwise 4,000 points credited on payment) |
| Redemption fee | ₹99 |
| Forex markup | 3.5% |
| Rent | 1% + tax |
| Fuel surcharge waiver | 1% on ₹400–₹2,000 bills, up to ₹400 a month |
Rewards: how the card earns
| Spend | Points per ₹150 |
|---|---|
| Retail (monthly spend up to ₹20,000) | 4 |
| Retail (monthly spend above ₹20,000) | 8 (bonus capped at 2,000 points a cycle) |
| Government and insurance | 1 |
| Fuel and cash | 0 |
1 point = ₹0.25 in the catalogue or ₹0.20 against the statement (minimum 1,000 points).
What earns nothing
Fuel and cash withdrawals earn no points; government and insurance earn 1 point per ₹150.
Other benefits
| Benefit | Detail |
|---|---|
| Lounge access | 1 domestic visit per calendar quarter |
| Fuel | 1% surcharge waiver on ₹400–₹2,000, up to ₹400 a month |
| Network | Mastercard |
Eligibility
Issuer
Standard Chartered
Network
Mastercard
Documents
PAN, Aadhaar, income proof
Who this card is for
- Good fit: people spending ₹30,000–₹50,000 a month who want a simple points card with a quarterly lounge.
- Skip if: you spend under ₹20,000 a month — you will never reach the bonus rate.
Alternatives worth comparing
Final verdict
A decent mid-level rewards card that rewards higher monthly spending, with an unconditional quarterly lounge visit. Light spenders will do better with a flat cashback card.
Frequently asked questions
What is the SC Rewards annual fee?
₹1,000 + GST, reversed on ₹1.5 lakh annual spend; if you pay it, you get 4,000 points.
How do the bonus points work?
Monthly retail spend above ₹20,000 earns 4 extra points per ₹150, capped at 2,000 bonus points a cycle.
Does fuel earn points?
No.
Does it give lounge access?
1 domestic visit per calendar quarter.
Which network is it on?
Mastercard.
Last verified: October 2026, against Standard Chartered’s Rewards credit card 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.