Standard Chartered Rewards Credit Card Review
The Standard Chartered Rewards Credit Card is an everyday rewards card that boosts your earn rate once you cross a monthly spend threshold, and adds quarterly lounge access. Here is the verified review.
- Up to 8 reward points per ₹150 (with the monthly bonus)
- 4 complimentary domestic lounge visits/year
- No joining fee; annual fee waivable at ₹1.5 lakh
- Fuel surcharge waiver
- Simple boosted-earn structure
- Bonus needs ₹20,000+ monthly retail spend
- Bonus points capped 2,000/month
- ₹99 redemption fee per redemption
- 3.5% forex markup; 1% rent processing fee
- 1 point/₹150 only on insurance & govt spends
Fees & rewards
| Item | Detail |
|---|---|
| Joining fee | Nil |
| Annual fee | ₹1,000 + GST (waived on ₹1.5 lakh spend / offset by bonus points) |
| Retail rewards | 4 RP per ₹150 + 4 RP per ₹150 above ₹20,000/month (cap 2,000 RP/month bonus) |
| Insurance & government | 1 RP per ₹150 |
| Lounge | 4 domestic visits/year (1/quarter) |
| Fuel surcharge waiver | Capped ₹400/month |
Eligibility & documents
Age
18 to 65 years
Income
Per SC norms
Recommended CIBIL
~730+
Network
Visa / Mastercard
Best for
Mid-level spenders (₹20k+/month)
Documents
PAN, Aadhaar, income & address proof
Who this card is for
- Best fit: mid-level spenders who’ll cross ₹20,000 of monthly retail to unlock the bonus points and use the lounge access.
- Skip if: you spend lightly, or dislike redemption fees and a 3.5% forex markup.
How to apply & how to cancel
Apply: via sc.bank.in. Cancel: call SC customer care after clearing dues; redeem points first (₹99 fee applies).
Final verdict
The SC Rewards card works best for mid-level spenders: cross ₹20,000 of retail a month and the doubled earn plus quarterly lounges give solid value against an easily-waived ₹1,000 fee. Light spenders won’t unlock the bonus, and the redemption fee and 3.5% forex are worth noting before you apply.
Frequently asked questions
How do I earn up to 8 points per ₹150?
4 points per ₹150 on retail, plus another 4 per ₹150 on monthly retail spends above ₹20,000 (bonus capped at 2,000 points/month).
What is the fee?
No joining fee; ₹1,000 + GST annual, waived on ₹1.5 lakh annual spend.
Does it offer lounge access?
Yes — 4 complimentary domestic lounge visits a year (1 per quarter).
Are there extra charges?
A ₹99 redemption fee, a 1% rent-transaction processing fee, and a 3.5% forex markup apply.
Data current as of June 2026, cross-checked against Standard Chartered India and aggregator pages. Confirm current terms on sc.bank.in before applying.