Standard Chartered Smart Credit Card Review

By | February 27, 2023
Standard Chartered Smart Credit Card Review

If you’re looking for a good entry-level cashback credit card with Standard Chartered Bank, then Standard Chartered Smart Credit Card is the one to consider. While it’s not the best cashback credit card around, it’s still good for accessing Standard Chartered credit card offers and for other indirect benefits associated with the card.

Here’s everything you need to know about the Standard Chartered Smart Credit Card,


TypeEntry-level Credit Card
Reward RateUpto 2% as Cashback
Annual Fee499 INR+GST (First Year Free)
Best forOnline Spends
USPLow interest on EMI

While cashback benefit looks like the primary benefit on the card, it is also one of the best credit cards for those who take EMI on credit cards.


Joining Fee499 INR+GST (First Year Free)
Welcome BenefitNo interest for first 90 days
Renewal Fee499 INR+GST
Renewal Benefit
Renewal Fee waiver1,20,000 INR spend in previous year

While there is no renewal benefit on the card, it’s still a good one for those who really make use of the benefits that the card comes with.

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Joining / First Year Fee of INR 499 + GST waived as a Special Limited Period Offer (Not applicable for existing SCB credit card holders)


SPEND TYPECashbackMax. Cap / txn / monthSpend Equivalent
Online2%1000 INR50,000 INR
Offline1%500 INR50,000 INR
  • No cashback on fuel spends
  • Min. Cashback for first-time cashback redemption: 1000 INR
  • Min. Cashback for subsequent cashback redemption: 500 INR
  • All Capping are per CALENDAR month.

While the maximum cap on cashback is indeed low, it’s still good enough for an entry-level segment. Moreover, you can get cashback even on wallet spends.

Cashback can be redeemed via Reward 360 portal. Being a cashback card, there is no reward redemption fee at the moment.


Interest Free for 90 days

SC Smart credit card comes with a new and noteworthy welcome benefit that allows one to keep spending without paying the bill for first 90 days.

However, note that You’re expected to pay the minimum amount due every month, which is only 5% of the bill anyway.

EMI @ 0.99%

  • Interest: 0.99% p.m.
  • Tenure: 3 months
  • Processing fee: Nil

If you got used carried away by the above no-interest welcome benefit and started spending beyond your means, worry not, as now you can convert them into EMI at lowest possible rate in the industry and that too without any processing fee.

Gateway to SC Ultimate

As you might know, getting Standard Chartered Ultimate Credit Card isn’t easy for most because SC doesn’t issue their only super premium credit card easily for everyone.

That said, getting Standard Chartered Smart Credit Card is the easiest way to get SC Ultimate Credit Card.

It works like this: Get Standard Chartered Smart credit card with a higher limit (>4L), Upgrade to Ultimate Credit Card just in few clicks.

How to Apply?

SC Smart Credit Card experience

You can apply online on Standard Chartered Bank website. It takes about 2-3 weeks for SC to process the application and deliver the card in hand.

While Standard Chartered doesn’t have a strict eligibility criteria for SC Smart Credit Card, it’s essential to have a min. income of 25K INR a month to begin with, just as most credit card issuers.

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Here’s the hands-on experience with SC Smart Credit Card by Satish which might help you understand more about the application process in detail.


  • Cardexpert Rating: 4/5

While Standard Chartered Smart Credit Card might not look great at first look, the direct and indirect benefits that comes with this decent cashback credit card is worth considering for those in need.

The interest-free concept and low interest on EMI are truly amazing benefits for this segment and I hope many are making use of it.

Do you hold Standard Chartered Smart Credit Card? Feel free to share your experience in the comments below.

Author: Siddharth

Helping Indians to choose right credit cards, pick right offers and enjoy luxury vacations for less. Day & night exploring the spiritual reality of our human existence.

5 thoughts on “Standard Chartered Smart Credit Card Review

  1. Pranab

    Hi Sid,
    Please address the most important factor for any SC card onboarding; City of residence with limited OVD for POA (Passport, Aadhaar). A big letdown for small city residents like me.

    1. Mithun

      Check nearest branch. But if you don’t have any address in serviceable city, you can’t get it.

  2. AAJ

    There is One Plus Nord offer for 4 cards including this, some amount of confusion around applicability for existing card holders of stanc as site and customer care say differently


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