New Launch: Standard Chartered Ultimate Credit Card Review

By | September 19, 2017

Standard Chartered Credit cards are recently known for its high approval rate in the industry, but that comes with a downside. Most SC credit card holders i know have very low credit limit, for ex: my friend has 2 SC cards with shared limit of Rs.20k for past 3 years!!

Whatsoever, SC has finally decided to bet on high Annual fee Premium Credit card for HNI & affluent segments with a really catchy design. Standard Chartered India on Sep 15th, 2017 launched its “Ultimate” credit card that works on Visa Infinite platform.

  • Joining/Renewal Fee: Rs.5000+GST
  • Welcome Bonus: Rs.10,000 Cashback
  • Renewal Benefits: 5000 Points (Value: Rs.5,000)
  • Eligibility: ITR 24L p.a / Existing SC CC limit of Rs.3 Lakhs

Standard Chartered Ultimate Credit Card (India)

I would love to get this card just for its stunning looks. Won’t you?! I hope it looks same as we see on image and not disappoint like My YES first Preferred credit card. Well, lets dive into the actual benefits.

Standard Chartered Ultimate Credit Card Benefits:

Welcome Bonus:

  • Rs.10,000 Cashback – on spending at MakeMyTrip(MMT) Hotels
  • This Offer is valid only for the first transaction on MMT.
  • Applicable one on MMT Hotel Bookings
  • The cashback amount will be the transaction amount (or) Rs 10,000 whichever is lower.
  • Fulfilment: 60 days from the date of travel/stay.

To avail the Rs.10,000 Cashback, you need to spend Rs.10,000 or more on Makemytrip, only on hotels category. Its kind of worth it if you actually spend that kind of money on Makemytrip hotels.

Tip: You can make best use of it when you spend on international hotels or maybe to book high end hotels in India that costs to this level. For most others, its tough to get the maximum value out of it.

Reward Points:

  • 5 reward points on every INR 150 spent
  • 1 Reward Point = Rs.1
  • Reward Rate: 3.3%

This is still surprising part for me. I’m not really sure as to whether they have any catch in this part, if not, this card stands in par with HDFC Infinia & HDFC Diners Black. Infact, its better than those two, considering SC has ability to redeem for gift vouchers, including but not limited to Amazon Gift cards.

Airport Lounge Access:

  • Visa infinite: 4 Visits/Qtr
  • Priority Pass: 1 Visit/Month (both primary & Add-on Cardholder)
  • Qualifying criteria for Complimentary PP Visits: Rs 20,000 spend in the previous month on the respective credit card.

The concept of spend based complimentary visits on Priority Pass is really a great idea that SC follows. But i would rather wish if they had put it as “yearly” spend with yearly complimentary visits. Limiting to 1/month on such a premium card doesn’t look good.

Other Notable Benefits:

  • Dine-out Offer: Up to 25% discount* at top 250 restaurants in India
  • 2 complimentary Golf games per month & more
  • 5% Cashback on duty free spends (not clear)
  • Discounts on yQ (Meet & Assist), Hertz & Avis
  • Hilton Honors Gold status with 4-nights stay / Fast-track
  • All other Visa Infinite Privileges

Dineout Offer & Hilton Benefit seems to be a good one. Everything else just seems to be added just to mention a “benefit” and less of a value. You can also avail Bookmyshow Visa Infinite Program Offer.

  • Editor’s Rating: 4/5 

Bottom Line:

As most premium credit cards are designed for travellers, this falls in same category too. Its a go-to card if you can spend on MMT Hotels, so you can get maximum value out of it. Even if you don’t, you can get good returns due to high reward rate across all spends.

While some benefits are not clear, we might know more in detail in coming days. I’ll keep this article updated as and when i know more. Do follow CardExpert Facebook Fanpage to be notified of any further updates on SC’s Ultimate Credit card.

Whats your take on Standard Chartered’s new Ultimate Credit Card – Like or Dislike? Do share your thoughts in comments below.

Thanks to Shrey for spotting it!

110 thoughts on “New Launch: Standard Chartered Ultimate Credit Card Review

  1. Prashant Gupta

    I hope they give it under LTF offer or annual fee reversal offer. Then it can be a perfect secondary or infact the main credit card to use.
    I have a offer for SC infinite card under LTF, but dont find it to be that good in terms of features.

    Reply
    1. Siddharth Post author

      They may reverse annual fee based on spend but considering its reward rate, LTF might be impossible.

      Reply
  2. valliappan

    Dine out offer does not cover even chennai. And 5k renewal fee seems high with no renewal points or benefits! i don’t know if anyone can reap benefits beyond the renewal fee !

    Reply
    1. Siddharth Post author

      Indeed, no one is going to pay 5k renewal fee, for nothing.

      Their retention team should help for renewal, hopefully 🙂

      Reply
      1. Hari

        Their retention team is good. Perhaps the best after AmEx. I wanted to close all 3 SC cards that I have. First they coverted the Manhattan card to LTF. Then, they credited 1500 RP to two cards and 500 cash back on the other card.

        Reply
        1. Siddharth Post author

          Sounds good!
          Even a quick mail seem to help on reversal of charges when something goes wrong.

          Reply
  3. Amex Guy

    Hilton Honors odder is a Visa Infinite offer that’s available on their free Infinite card as well. It is 4 nights or 2 stays to Gold. So it’s actually just 2 nights in different hotels, on non-consecutive dates, for the frugal. 🙂 The offer works, I got it on my DBS Treasures Visa Infinite debit card.

    I don’t get this card. My Emirates card gives 2 PP visits on 10K spends in previous month. It has same 5% duty free offer, has more lounge accesses and Golf games. If I use for Business Class, Emirates gives 6% returns, 7.5% if used for First class upgrades. Emirates also has double dip offer with both Hilton and SPG.

    For all intents and purposes, the way to get best value out of SC is still to get a high limit Emirates card and get a free Priority Infinite card as add-on (shared limit) to get Visa Infinite offers. Unless there is an MMT trip coming up, and you’ve never used MMT before.

    Reply
    1. Siddharth Post author

      You seem to be the Stan C. expert around 🙂

      That’s all true. This card works only for travellers. I personally could make use of it only on Intl. hotel booking as domestic hotels are way cheaper when booked 1 at a time.

      SC could have done it better!

      Btw, can you please share more about the “double dip offer with both Hilton and SPG.” ?

      Reply
      1. Amex Guy

        For every dollar you spend in Hilton and SPG hotels, you earn an Emirates mile too. So for people who prefer these hotel chains and have an Emirates card, would be earning as much as 9 miles/150 rupees spent at these hotels, in addition to their hotel points.

        That’s around 10% value back as Emirates business class upgrades, in addition to hotel points which they will be earning just like usual.

        Reply
      1. Amex Guy

        You need an NRV of 20L and above to qualify for DBS Treasures. They also have an option of Treasures account at 5L NRV now, but that’s not really the same thing, as you don’t get any existing Treasures benefit, including Visa Infinite card.

        I think DBS (along with Deutsche) offers pretty good private banking services for 20L NRV, which is very low for what they offer. Citi and HSBC require minimums of 75L and 40L respectively for access to same class of wealth managers.

        Reply
    2. A Gill

      Can you please advise, if the skyward miles earned with the Emirates card have any expiry?

      Reply
      1. Amex Guy

        Yes, unlike some programs, Skywards doesn’t have any special treatment for card-earned miles. They expire in usual 3 years.

        Reply
  4. Hari

    A minimum credit limit of INR 300,000 on existing SCB card required for upgrade to Ultimate.

    Reply
    1. Jay

      where did you this info? I have Landmarks Card, Super Value Card and Infinite Card.. I don’t know which one to upgrade now.. Sid any help ?

      Reply
      1. Siddharth Post author

        If its me, I would replace landmark card.

        Btw, 2L-3L is the range for their infinite/Ultimate card usually.
        Isn’t it in that range on your infinite card?

        Reply
      2. Hari

        For existing customers, while applying online, you get a drop down Menu. Choose the Ultimate card and you will find the eligibility criteria there

        Reply
        1. Siddharth Post author

          That link was not there when the article was posted. I see all their pages is finally updated with shining ultimate card.

          Reply
  5. GOVIND DHANUKA

    Renewal Benefit is 5000 points that compensate charges…Taxes we pay extra but @ 3.3% reward rate it’s worth I think…

    Reply
      1. SHARAD

        On talking to the customer service team, they mentioned that even for joining fee of 5000, we get 5000 points. So it seems like a pretty good offer (5000 points + 10,000 makemytrip offer).
        Can someone else also confirm?

        Reply
        1. Siddharth Post author

          I doubt on that. Call them again and verify, or request to talk to supervisor 🙂

          Reply
          1. SHARAD

            You are right, they are now saying makemytrip benefit only whereas I was told earlier it was with 5000 reward points on joining as well. My bad!!

  6. Jay

    Looks like they will replace my free infinite card instead of other card if i choose to upgrade. As in the FAQ they have mentioned this.

    I am already on the free version of the Visa Infinite card- can I upgrade to the paid version?
    Yes, you can, please call Phone Banking for the same.

    Reply
  7. Mohan

    I have 6.8L on my existing SC VISA INFINITE Card, i asked them for upgrade today and Card will be coming soon. I check with MMT offer, we don’t need to spend 10K on MMT inorder to get the 10K Cash back, no minimum value required.

    Regarding joining fee, as it’s new Card, customer representatives also doesn’t have full details, they may reverse some part of it after the first statement …. but not sure …. may be possible !!!

    Good part of it is, they convery existing rewards to 3:1 to Ultimate rewards, which seems more value rather redeem for AMAZON gift vouchers.

    Reply
    1. Siddharth Post author

      Yes, You can spend less, but you get most value only on spending 10k

      Reply
  8. R MUTHU MONICKAM

    Dear Siddarth
    I am a great fan of Cardexpert.in.. It become habitual to me that i have a one definite visit to this site before sleep as well as morning wake up. Thank you so much to keep us excited and be updated always.
    I am having Manhattan since 5 years having limit 2.6L. My monthly salary is 116k. I talked to customer today for upgrading to Ultimate. They were unable to offer me the up-gradation and quoting the minimum criteria for Ultimate is 3L on the card and 24L salary per annum.
    Your suggestion please…

    Reply
    1. Siddharth Post author

      Ask for limit enhancement first so you will jump to 3L+ limit. Then ask for upgrade 🙂

      Thanks for your kind words. Do visit again!

      Reply
      1. Amex Guy

        Actually with SC you can ask for enhancement in process of applying an add-on variant. Just tick “consider limit enhancement” option on Ultimate add-on app. 2.6 to 3L seems like an easy upgrade.

        Reply
  9. Hari

    Siddarth,

    INR 10000 cashback is for both Travel and Stay booking on MMT. Confirmed with the CC.

    Reply
    1. Siddharth Post author

      But they’ve clearly excluded most “tarvel” categories in conditions.

      Reply
      1. Rahul Jain

        Hi Siddharth,

        The offer mentions:
        “The Offer is valid on hotel bookings only for a period of 1 year from the date of booking.
        This Offer is not valid on bus, railways, cabs and holiday bookings.”

        To my mind, it effectively means that while you cannot book bus, railways, cabs and holiday on MMT for cashback, you can book flights or hotels. In case you book hotels, the offer will be valid if the stay period is only one year from the date of booking.

        I confirmed with their call center. They have said that flight bookings are eligible for the INR 10,000 cashback. I have already got my hands on the same, planning to use it and check within the next 1 month 😉

        Reply
  10. Abhishek Roy

    They have mentioned in their terms and conditions that there is a 2% mark up fees on foreign transaction. Actually that is not true. They will charge you 3.5% as mark fees when you will make the payment. Later on they will reverse 1.5% mark up fees, effectively making the markup fees as 2%!! They ave also mentioned that since they will be issuing cashback of 1.5% hence those transactions are not eligible for Reward Points. Hence you get actually no value on spending in foreign currency with your card. I am quite sure that even though they’ll reverse the 1.5% mark up fees but they’ll not reverse the extra taxes that they’ll charge on that 3.5%. So effectively, you pay more than all High value cards like Infinia, Diner Black, Yes First Card and Citi Prestige. You end up paying more mark fees considering the non reversal of the taxes on that extra 1.5% mark up fees and you will not get reward points on those transactions. I’ll stay away from this card. It’s not of much value to people like me who already have good cards. There is no scope for Annual charge reversals too in comparison to Diners Black which allows reversal on spends over and above 5lakh/year.

    Reply
    1. Siddharth Post author

      Well, that’s true. Their markup fee concept is a joke, which is why i didn’t even bother to mention about it in the article 😀

      Reg. annual fee, the renewal benefit is good enough. This will serve only for travelers with high spends so they can divert few spends here too as 3.3% as amazon vouchers is better than Yes Exclusive & Infinia/black without considering 10x/5x!

      Reply
  11. KK

    I hold their titanium cashback card with limit above 5 lac. Is that the only eligibility criteria, or income also needs to be above 24L in addition to that?

    Reply
  12. ND

    Thanks for posting this Sid.
    Got my card approved automatically! Let us see how fast they turn it around…

    Reply
  13. Kaps

    Hello Siddarth,
    Thanks for your blog, it is very helpful for credit card users.

    Regarding the Standard Chartered Ultimate Reward Card,
    I will have to pay for the transaction on MMT and then after 60 days the cashback will be credited to my account.
    So this mean first, I will have to pay ₹5900 for SC card (Joining Fees +GST) and then ₹5000 for MMT hotel cost, to get ₹5000 cashback after 60 days.

    This means I have lost my joining fees. Am I missing something here.

    Reply
    1. Siddharth Post author

      Yes, but you got a hotel stay 🙂

      Spending 10k gives good value. Works only for actual travelers.

      Reply
  14. Praveen Perumalla

    Where did you find 24L ITR Requirement? I didn’t find it on their website.

    Reply
    1. Hari

      Click on apply – Under “Fee Details and Waiver” you have that information.

      Reply
  15. Prashant Gupta

    I have a landmard card for last 10 year, never bothered about limit. I have applied for free visa infinite upgarde with limit enhancement. Can apply for ultimate now. My spends are concentrated on black and yes prefered as of now.

    Reply
  16. GOVIND

    Hi Sid I have diners premium for 10x spends…..
    Standard titanium 2.5lac limit for petrol and utility
    Citi premier mile and sbi prime……should I go for ultimate by replacing citi or sbi prime or even upgrading titanium plz suggest

    Reply
  17. Tapobroto

    Hi. The Rs 10,000 Cashback on MMT is applicable on flight bookings as well.

    Reply
    1. Siddharth Post author

      I’ll get this checked.

      Meanwhile, other guys who applied for this card, pls do update us what the support team is saying on this.

      Reply
      1. Hari

        Checked with them again today and was told both Hotel & Flight bookings on MMT are eligible for cashback.

        Reply
      2. Jay

        No update on the card upgrade request. I guess they won’t categorize the type of booking on MMT as it shows same merchant name for hotel or flight booking.

        Last time it was just a day turn around time as I had got the card sent very next day of the request for Free Visa Infinite card.

        Reply
    2. Rahul Jain

      Hi Tapobroto,
      I believe you are the Director of StanC Cards team who launched the Ultimate Credit Card 🙂
      Thanks for the update for cards 🙂

      Reply
  18. Sulabh Gupta

    Can the MMT voucher be used along with discount codes? If not, then Hotel booking is probably not going to be worth it.

    Reply
    1. Siddharth Post author

      Yes, you should be able to, as they have no restriction clause on that.

      Reply
      1. Sulabh Gupta

        Ok I guess you’re right since this is being done through a cashback and not a gift voucher.

        Reply
  19. RAHUL BANSAL

    My application for this card rejected today, it was an upgrade request but they rejected it without giving any reason, although i fulfilled criteria for same. 🙁

    Reply
    1. Deepesh

      if you an existing Satandard chartered credit card user, limit on existing card should be 3L+
      and Annual ITR should be 24L

      Reply
    2. Amex Guy

      That is very odd, in my experience an add-on application is approved instantly and you get the card in 2-3 days. Did you also apply for limit enhancement? Share your existing card details so people here can help. It will help talking to customer care to straighten it out.

      Also, there is no such thing as upgrade request in SC, you apply for an add-on variant, which shares existing credit you have with the bank. I’m not sure if you can cancel base card after getting add-on, effectively having an upgrade, because I have not tried.

      Reply
      1. Hari

        I have 3 SCB cards with a shared limit. I requested for the Ultimate card. They asked me if I wanted it as an add on card or as an upgrade. I chose to upgrade my Platinum rewards card. I received the Ultimate card and my Platinum rewards card stands cancelled now.

        Reply
  20. Ajay

    Hello Sid,

    First, thank you for very much for your efforts. I’m also a credit card freak. Even maintain an XLS in which I have noted how much worth rewards I redeemed till date for my 6 CCs 🙂

    Applied for this card on limit basis, after reading your post. Inquired about MMT offer of 10K Cashback. Got verbal as well as written confirmation from SC team that its valid for both Flight & Hotel bookings. Following is the reply from SC Team :

    “This is with reference to your e-mail dated 21 September 2017 regarding ultimate credit card.

    Please note that the joining offer of cashback of up to Rs 10,000 is only valid:
    Ø On the first transaction on Make My Trip by the customer ( No minimum transaction size required)
    Ø The transaction should be within the first 90 days of card issuance
    Ø The cashback will only be credited to customers who have paid the joining fees of INR 5000
    Ø The cashback will be credited within 60 days of the completion of the date of travel / stay

    Note:
    1. Joining offer is not applicable for supplementary card holders
    2. Joining offer is not valid for renewal benefit. “

    Reply
  21. Jay

    Got my card approved and they say I can hold this card too along with the Landmark’s card. So totally 4 SCB Cards I will be holding now. I should get the card in next 1-2 days.

    Reply
  22. Hari

    Got my card approved. I was told the due date for delivery of the card is 3rd October. But, I am expecting it some time next week. Will update once I receive it.

    Reply
  23. SHARAD

    Finally got the new ultimate card. Packaging was not that great and came in standard letter envelope. However, The card is really good and flashy (gold and black design) and of good quality, totally unlike yes bank cards. Also, received a priority pass and dineout plus card with it . The dineout plus card will give 25% discount at major restaurants across city and ipart of dineout plus company (dineout.co.in/plus) . It needs to be registered and will give 5% extra cashback on to the ultimate card.

    Reply
  24. Jay

    Received Card.. It has Dineout Plus Card and Priority Pass Card attached along with the Ultimate Card.

    Reply
    1. Kallol

      I received the ultimate card fee days ago. First month statement is also generated. It is Rs 5000. I do not find GST amount. If the renewal fee is also exactly Rs 5000 then that will be fully compensated by renewal benefit. So no fear of loosing GST Rs 900.

      Reply
      1. Hari

        It will be charged. Wait for a few days and check your statement. It will be charged in the next statement. Same with me.

        Reply
  25. MOHAMMED ABDUL WAHED

    He’ll everyone,
    I have one doubt that if i close my hdfcbank account from that i got moneyback credit card recently,It will effect that for availing life time free card upgrade offer in future and limit enhancement.

    Reply
  26. Mohan

    Received Card on 09/21,looks good. Now I’m going to cancel my SC priority Card.

    Reply
  27. Rahul Singh

    I am. An existing SC customer. After two days of negotiations with bank executive, I conclude following:

    For existing customer, we have to wait till limit increases to 3lacs. So let’s wait for a year or so.

    For new customers, income limit of 24l plus 20l relationship with bank as per terms and conditions (haha).

    So, I have given up despite fulfilling income criteria after explaining three four different executives and supervisor.

    Anyone with different experience?

    Reply
  28. Shalabh Agarwal

    Ok – I recently got their titanium card with more than 3.5L+ limit – probably a month back – Will it be good to upgrade it with this card – on C2C basis – my current card is LTF – will that be available on the Ultimate card as well? Or it is payable?

    Reply
    1. Rahul Singh

      @Shalabh Agrawal

      Was your card recently issued? Or is it an old card with 3.5L limit?

      Reply
      1. Shalabh

        @rahul bhai

        Recently issued card a month back – first month bill 200 Rs. Not doing much transactions on it as I hold HDFC Diners Premium ( which again I use pretty often after devaluation) but I managed to get CitiBank Premier Miles card for earning jet ( So I book most of my spends there now).

        Reply
  29. dhanush

    got my card today when i applied by doing 1 INR transaction on existing standard chartered card.
    Siddharth – question for you.
    1) Booklet doesnt contain any fee structure – So it this card LTF for me as my previous infinite card was LTF. Nobody called me before processing
    2) about PP – Does my spouse also get PP and if i spend 20K in previous month do both of us get 1 visit each in next month
    3) add on card – Any idea how to get add on card. Netbanking has no option to order from there

    Reply
    1. Saugata Halder

      You got the card on the same day that you did the Re 1 verification? That is pretty quick.

      Reply
    2. Rahul Jain

      Hi Dhanush,
      Just trying to support Sid here..
      1. The joining fee is INR 10,000 and renewal fee is INR 5,000. THe processing is auto-approved from your end once you take the Re. 1 transaction.
      2. The TnC specifically mention the PP access would be on the respective card on which INR 20K was spend in the previous month. So to get access for both, you need to spend INR 20K on your card as well as the Add On Card in your wife’s name.
      3. Add-On card option can be taken from their form center. Search for ‘Supplementary Credit Card Application’ and you will find it.

      Reply
  30. Tushar

    Can anybody help me with Priority pass feature on this card. I am slightly confused. At one point it says that visits to PP lounge are chargeable and then it also mentions about complimentary visit if your monthly spends in previous month exceed 20K. So will i be charged $27 or not.

    Reply
  31. ravikiran

    5 reward points for every 150 spent is valid only on Dining and overseas. Rest of transactions is 2 points for Rs 100 spent.

    Reply
      1. ravi kiran

        it is there in stan chart website. not only that MITC is silent about fuel surcharge waiver. it says 1% surcharge applicable

        Reply
    1. Saugata Halder

      Is this true? Actually they have said categorically that the 5 RP is valid on all transactions, except the overseas ones (due to 2% forex fee instead of the usual 3.5%)..see below:

      Max cashback of INR 1000 per month
      The cash-back will be credited to the Cardholder card account within 60 days of transaction date
      All overseas transactions are levied with a 3.5% transaction fee. Cardholder is eligible for a cashback of 1.5% of the transaction amount on the overseas transactions. The cash-back amount effectively reduces the forex mark up charged to 2%.
      Cash-back transactions will not earn reward points. Only transactions where the merchant is registered as a duty free vendor will be considered for cash back.

      Reply
  32. Prateek

    Any other better card available in terms of rewards? I have tried Amex Platinum, Citibank Premier Miles in past and am currently using Diners Black.

    Reply
  33. Akhil Suresh

    the MMT cash back is applicable on flight bookings as well, confirmed over phone and email.

    Received the below mail:
    Ref: 09/17/075032

    Dear Mr Suresh.

    Thank you for your time.

    As per our telephonic conversation we wish to inform you that 10,000 cash back offer is applicable for the first transaction including the flight transaction on MakeMyTrip made within the first 90 days of the card issuance.

    Please write to head.service@sc.com for any further clarifications.

    Yours Sincerely,

    Musaddique Khan
    From the office of Head Service

    Reply
  34. Saugata Halder

    How are they going to give you the 3.3% back? The literature says that one get 5 RP on every Rs 150 spent and that the maximum benefit is 1 rupee for a 1 RP. But how is the pay back? In what form? Is it a simple cash back like the Manhattan card or is it redemption of gift vouchers at Amazon or Flipkart?

    Reply
    1. ND

      That’s a good question as currently SC rewards redemption is pretty poor (read: unattractive) based on current RP earn rate. Also, SC RP are for life and they have common platform for RP structure for multiple cards you may hold, there is no bifurcation of 1 RP = 1 Rs, all their RP carry 0.25 Rs. So it would be interesting to know how they are going about this Ultimate card.

      Reply
      1. Hari

        The validity of RP for Ultimate card is 3 years. You have Exclusive tab on the rewards page for redemption of RPs acrrued on the ultimate card.

        Reply
        1. Ramesh Kumar

          Hari,
          You mentioned, it’s exclusive tab for ultimate points redemption, can you explain bit on what are the available options to redeem ultimate reward points?

          Reply
  35. Mukund

    Hi,

    The problem with SC is that most of their customers become victims of international fraud transactions. So I am afraid, if something like this happens, I’ll put myself in great trouble.
    And unfortunately, only SC CC customers are victims of such frauds. They cheat their customers by sharing card details I guess. This is not good at all.

    Reply
    1. ND

      Not true… SC is known to be a strong bank and earliest entrants in India. Do your research well before claiming anything of these sorts… I am a SC customer (debit and credit) for last 10+ yrs and have not faced any sort of fraud or fake transactions…

      Reply
    2. Murali

      I have been using SC Cards for more than 15 years and whenever I use card outside of India and If SC feels that my card details compromised.. SC used to call me and replace with new card. I have not heard about fraud transactions of SC card

      Reply
    3. Mukund

      I am myself a victim of fraud transactions twice. My friends were also victims of such International frauds.
      I never used that card to do any transactions online. Be it domestic or international. Also, I always hide the CVV number with the help of permanent marker.
      Now, if I had never used the card to perform online transaction, how did the details got compromised?
      I use my HDFC Regalia card for carrying out any transaction over the Internet.
      I decided to use HDFC CC to carry out transactions over the internet after reading the above post.

      Reply
  36. suresh

    Can it be applied through card to card basis and if yes, what should be the credit limit to get this one ?

    Reply
    1. Amex Guy

      I’d venture at least 4L. SC typically gives 85% of existing limit to HNWs, around 75% to others, provided it does not go over 20% of your annual salary. I don’t know exactly how they define HNW, but if your existing card company declared your income over 30L per year on CIBIL, you get at least 85% of current limit, AFAIK.

      Now, since this card requires a minimum credit line of 3L with SC, you need at least a card of 4L limit. I’d say be 5L and above to be safe. Of course, a salary of 20L+ declared with existing card company might be a requirement.

      It’s worth giving a shot if you have any premium card. SC can be very aggressive in approving cards when they want to.

      Reply
  37. Hari

    Siddarth,
    There seems to be some discrepancy as for as RPs are concerned. When you compare the cards on their website, it shows different reward system. While in the details of the Ultimate card it says 5 RPs for every INR 150 spent. I checked with the CC and they confirmed 5 RPs for INR 150 Spent. In reality, they are giving 5 RPs for INR 100 on some categories and for all others it is 2 RPs for INR 100. Will check with them again and keep you posted.

    Reply
    1. Hari

      Riased a complaint with the bank and they have resolved the issue. Now I am getting 5 RPs for every INR 150 spent. For a spend of INR 430 I got 14 RPs.

      Reply
  38. Kallol Nandi

    Website mentions both annual fee and renewal fee. Are they same? Or renewal fee will be applicable at the time of renewing the card after 5 years whereas annual fee will be applicable ever year? Also only renewal fee has equivalent bonus reward points.

    Reply
    1. Hari

      It’s Joining Fee and Renewal Fee. You need to pay INR 5000 + Taxes every year. On paying the joining fee you get the MMT benefit and renewal you get equivalent RPs.

      Reply
  39. Ajay

    1st statement generated. Joining Fee is 5000 Inclusive of GST. Yes there was some calculation mismatch in calculating Reward points. Customer care added right points in 5 working days. Hopefully SC will correct the calculating logic of Points for this card. BTW, gorgeous looks of card 🙂

    Reply
  40. Hari

    Siddarth,

    Both Primary and add on card holders get free domestic lounge access – 4/qtr – courtesy Visa.

    Reply
  41. Prashant

    is AADHAR compulsory for new application for SC credit card ?

    how is SC credit card in limit increase department ?

    Reply

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