Standard Chartered Bank
Standard Chartered Ultimate Credit Card
This is an invite only card
Top Benefits
Get Joining Fee Rewards as 6000 Reward Points
worth ₹6000 on payment of the joining fee
Enjoy 4 Complimentary Domestic Lounge
visits per calendar quarter at lounges
Best For
Shopping
Grocery Shopping
Travel
Utility Bills
The Standard Chartered Ultimate Credit Card offers an excellent 3.33% reward rate on everyday spendin...
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The Standard Chartered Ultimate Credit Card offers an excellent 3.33% reward rate on everyday spendin...
The Standard Chartered Ultimate Credit Card offers an excellent 3.33% reward rate on everyday spending, establishing itself as a top contender for high-net-worth individuals. Earning 5 reward points for every Rs. 150 spent, where 1 point equals Rs. 1, gives you substantial value on eligible retail transactions. This premium card caters specifically to those with a minimum monthly income of Rs. 2,00,000, bringing a mix of high reward rates, domestic and international airport lounge access, and robust insurance coverage.
If you travel frequently and spend heavily on retail, this card translates large expenses into massive reward point balances. The real magic happens when you realize the value of the reward points: they convert at a straightforward 1 point to Rs. 1 ratio. It beats out many competitors by offering immense clarity on the value you get back without complex conversion tables.
View FAQ
Commonly Asked Questions
Is the Standard Chartered Ultimate Credit Card lifetime free?
No, it comes with a joining fee of Rs. 5,000 plus GST and an annual fee of Rs. 5,000 plus GST from the second year onwards.
Who should apply for this card?
This card is ideal for individuals with an annual income of Rs. 24 lakhs or more who want high reward rates on regular spending and travel frequently.
Is it a good card for beginners?
Due to its strict eligibility criteria, including an income requirement of Rs. 2,00,000 per month and a CRIF score of 750, it is not recommended for beginners.
What makes this card different from other premium cards?
It stands out with its transparent 1 Reward Point = Rs. 1 valuation and a strong return rate of 5 points per Rs. 150 spent, alongside comprehensive travel insurance benefits.
Expert Review
In my opinion, the Standard Chartered Ultimate Credit Card delivers exactly what high-earners want: simplicity and raw value. The 3.33% reward rate is incredibly strong for a card that doesn't limit you to specific categories or co-branded merchants. The fact that 1 reward point equals exactly Rs. 1 is refreshing. You don't need a calculator to figure out what your points are worth.
However, the card does have flaws. The 3.5% forex markup is quite steep for a premium travel-oriented card; many competitors in this segment offer markups of 2% or lower. Furthermore, the international lounge access is tied to a Rs. 20,000 spend requirement in the previous month, which is a standard threshold for premium tier accounts demanding a Rs. 24 lakh annual income.
Ultimately, if you spend heavily on standard retail and want your rewards to translate directly into substantial, easily redeemable cash equivalents or high-value vouchers, this card is a fantastic tool. It is not for the casual spender, but for the affluent user, it is highly rewarding.
Joining / Annual Fee
Joining Fees
₹5,900 ( ₹5000 + GST )
Annual Fees
₹5,900 ( ₹5000 + GST )
The Standard Chartered Ultimate Credit Card carries a one-time joining fee of Rs. 5,000 plus applicab...
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The Standard Chartered Ultimate Credit Card carries a one-time joining fee of Rs. 5,000 plus applicab...
The Standard Chartered Ultimate Credit Card carries a one-time joining fee of Rs. 5,000 plus applicable taxes charged at the time of card issuance. However, this cost is neutralized by the welcome benefit of 6,000 reward points (worth Rs. 6,000) that you receive upon paying the fee.
From the second year onwards, an annual fee of Rs. 5,000 plus taxes is charged. The annual fee is waived upon reaching a yearly spend milestone of Rs. 5,00,000. Ensure you maintain this spending level annually to secure the waiver automatically.
View FAQ
Commonly Asked Questions
What is the joining fee for this card?
The joining fee is Rs. 5,000 plus GST, charged when the card is issued.
Do I get any value back against the joining fee?
Yes, paying the joining fee earns you 6,000 reward points worth Rs. 6,000, effectively offsetting the cost.
What is the annual renewal fee?
The annual fee is Rs. 5,000 plus GST, charged every year starting from the second year.
Can the annual fee be waived?
Yes, the annual fee is waived if you meet the bank's requirement of Rs. 5,00,000 in total spends during the year.
What is the spending condition to get the annual fee waived?
You must spend at least Rs. 5,00,000 annually to qualify for a waiver of the renewal fee.
If I don't meet the spending target, do I still pay the fee?
Yes, if you fail to hit the required annual spend, the Rs. 5,00,000 threshold, the Rs. 5,000 plus GST fee will be charged to your statement.
Is the joining fee a recurring charge?
No, the joining fee is a one-time charge, whereas the annual fee is recurring.
Are taxes included in the Rs. 5,000 fee?
No, applicable GST (typically 18%) will be added to the Rs. 5,00,000 fee.
Eligibility
Age
Criteria*
21-65 years
Salary
Criteria*
24LPA
Credit
Rating*
750+
New to credit
allowed
No
Existing Bank
Customer Allowed
No
Securing the Standard Chartered Ultimate Credit Card requires a strong financial profile. The bank ha...
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Securing the Standard Chartered Ultimate Credit Card requires a strong financial profile. The bank ha...
Securing the Standard Chartered Ultimate Credit Card requires a strong financial profile. The bank has set strict parameters to ensure this premium product reaches high-net-worth individuals.
Applicants must be between 21 and 65 years of age at the time of application. The income requirement is identical whether you are salaried or self-employed: you need a minimum annual income of Rs. 24 lakhs. This breaks down to a monthly income of Rs. 2,00,000. Both salaried professionals and self-employed business owners can apply.
Your credit history must be solid. A CRIF score of 750 or above is mandatory as per the bank's eligibility criteria for both salaried and self-employed applicants. Meeting the income requirement without a healthy credit score will likely result in a rejection.
View FAQ
Commonly Asked Questions
What is the minimum age to apply for this card?
The primary applicant must be at least 21 years old.
What is the maximum age limit for applying?
Applicants cannot be older than 65 years at the time of application.
What is the minimum salary required for salaried individuals?
Salaried applicants must have a minimum monthly income of Rs. 2,00,000, which equals an annual income of Rs. 24 lakhs.
Can self-employed people apply for this card?
Yes, both salaried and self-employed individuals are eligible, provided they meet the criteria.
What is the income requirement for self-employed applicants?
Self-employed applicants also need to demonstrate a minimum annual income of Rs. 24 lakhs.
What credit score do I need for approval?
A minimum CRIF score of 750 is required by the bank for both salaried and self-employed applicants.
Will I get approved if my salary is Rs. 1.5 lakhs per month?
No, the strict eligibility requirement demands an annual income of Rs. 24 lakhs (Rs. 2,00,000 monthly).
Does the bank offer alternatives if I am not eligible?
The bank offers a different card variant based on your eligibility. Carefully read the features of the card offered before submitting your application.
All Card Benefits
- Earn 5 reward points for every ₹150 spent on eligible retail spends
- Earn 3 reward points for every ₹150 spent on Utilities, Supermarkets, Insurance, Property Management, Schools & Government payments
- 5% cashback on duty-free transactions with maximum cashback of ₹1,000 per statement cycle
- Reduced forex markup fee of 2% on all overseas / non-INR transactions
Welcome Benefits
Paying the joining fee on this card does not feel like a sunk cost. Upon payment ...
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Welcome Benefits Paying the joining fee on this card does not feel like a sunk cost. Upon payment ...
Welcome Benefits
Paying the joining fee on this card does not feel like a sunk cost. Upon payment of the Rs. 5,000 joining fee, you earn 6,000 reward points. Since 1 reward point equals Rs. 1, this welcome bonus is worth Rs. 6,000. Effectively, the bank hands you more value than the fee you paid right at the start.
Reward Points Structure
The Standard Chartered Ultimate Credit Card shines brightly in its reward accumulation. For every Rs. 150 spent on eligible retail transactions, you earn 5 reward points. The best part? Each point holds a solid value of Rs. 1. This means you earn an effective return of roughly 3.33% on your standard spending.
Let us look at a practical example. If you spend Rs. 60,000 in a month on eligible retail purchases, you earn 2,000 reward points. Because 1 point equals Rs. 1, you just earned Rs. 2,000 in value. Over a year, maintaining that spend level yields Rs. 24,000 back in rewards.
Additionally, the card offers 5% cashback on eligible duty-free purchases. If you buy a luxury perfume at a duty-free shop for Rs. 10,000, you will get Rs. 500 back as cashback.
Airport Lounge Benefits
Travelers will find strong value in the lounge access features. The card grants you 4 complimentary domestic airport lounge visits per calendar quarter within India. That is up to 16 free domestic lounge visits a year.
For international travel, you get 1 complimentary lounge visit per month via Priority Pass. However, this is subject to a condition: you must have spent a minimum of Rs. 20,000 in the previous month to unlock the international visit for the current month. If you spent Rs. 25,000 in July, you can use your Priority Pass for free once in August.
Insurance Benefits
The Standard Chartered Ultimate Credit Card provides substantial safety nets for global travelers. You receive a complimentary overseas air accident insurance cover of Rs. 1 crore. Furthermore, the card includes Medical Insurance Coverage worth USD 25,000 for overseas travel, subject to policy terms and conditions. This could save you thousands of dollars if a medical emergency strikes while abroad.
View FAQ
Commonly Asked Questions
How do I qualify for the welcome bonus?
You earn the 6,000 reward points upon successful payment of your joining fee. Make sure your account is active and the fee is cleared in your first statement.
What is the exact value of the welcome benefit?
The welcome benefit consists of 6,000 reward points. Because each point is valued at Rs. 1, the total monetary value is Rs. 6,000.
Does the welcome bonus cover the joining fee cost?
Yes, the Rs. 6,000 value of the reward points effectively neutralizes the Rs. 5,000 plus GST joining fee you pay upfront.
When will the points be credited to my account?
Welcome points are credited within 30 to 60 days after the joining fee payment reflects on your statement.
What is the standard reward rate on this card?
You earn 5 reward points for every Rs. 150 spent on eligible retail transactions, which translates to an effective reward rate of 3.33%.
What is the value of 1 reward point in rupees?
Each reward point is strictly valued at Rs. 1. Therefore, 5,000 reward points give you exactly Rs. 5,000 in redemption value.
Do I earn points on fuel purchases?
No, fuel spends are explicitly excluded from earning reward points on this card.
Are EMI transactions eligible for rewards?
No, EMI spends do not accumulate any reward points according to the bank's exclusion list.
Will I earn points if I withdraw cash from an ATM?
Cash advances do not earn any reward points and will also attract withdrawal fees and high interest.
Do I get rewards for paying financial charges?
No, financial charges, late fees, and interest payments do not earn reward points.
What benefits do I get on duty-free shopping?
Cardholders receive a flat 5% cashback on eligible duty-free purchases. Spending Rs. 20,000 will net you Rs. 1,000 in cashback.
Is there a cap on the reward points I can earn?
There is no monthly cap on reward point accumulation for eligible retail spends, allowing for unlimited earnings on high-value transactions.
How many domestic lounge visits do I get?
You receive 4 complimentary domestic airport lounge visits per calendar quarter in India.
Do I get international lounge access?
Yes, you get 1 complimentary international lounge visit per month through Priority Pass.
Is there a condition for international lounge access?
Yes, you must spend a minimum of Rs. 20,000 in the previous month to use the international lounge benefit in the current month.
What happens if I do not spend Rs. 20,000 in the previous month?
If you fail to meet the spending threshold, you will not receive the complimentary international lounge visit for that specific month.
What kind of accident insurance is provided?
The card offers complimentary overseas air accident insurance coverage up to Rs. 1 crore.
Does the card cover medical emergencies abroad?
Yes, it provides Medical Insurance Coverage up to USD 25,000 for overseas travel.
Do I need to pay extra for this insurance?
No, the coverage is complimentary with the card, though subject to the specific policy terms and conditions.
How do I claim the insurance in an emergency?
To initiate a claim, submit the required medical or accident documentation through the Standard Chartered 24/7 helpline or their dedicated insurance portal.
How to Redeem Rewards & Cashback?
Rewards Conversion Rate
1 Reward Point = ₹1
Redemption Options
- Shopping & Gift Vouchers
- Merchandise & Gifts
To check redemption catalogue
The Standard Chartered Ultimate Credit Card offers immense flexibility when it comes to utilizing you...
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The Standard Chartered Ultimate Credit Card offers immense flexibility when it comes to utilizing you...
The Standard Chartered Ultimate Credit Card offers immense flexibility when it comes to utilizing your hard-earned points. Because 1 Reward Point equals exactly Rs. 1, you always know precisely how much value you hold. Importantly, the bank states that no fee is charged when redeeming reward points on this card.
You can access your redemption options anytime via the SC Mobile app or online banking. The process is easy: simply log into the bank's 360° Rewards portal. You can choose to convert your points into shopping and gift vouchers for popular brands like Pantaloons, Shoppers Stop, and Croma. If you prefer tangible items, you can pick merchandise or gifts directly from the rewards catalogue. You even have the option to donate your points to supported charity causes.
For example, if you have accumulated 10,000 reward points over a few months, you hold Rs. 10,000 in value. You can log into the portal and grab a Rs. 5,000 Croma voucher and a Rs. 5,000 Shoppers Stop voucher without paying any redemption fee.
View FAQ
Commonly Asked Questions
Where do I go to redeem my reward points?
You can redeem your points online through the bank's 360° Rewards portal via the SC Mobile app or net banking.
What is the conversion rate for redemptions?
The conversion rate is straightforward: 1 Reward Point is equal to Rs. 1 in value.
Can I get shopping vouchers with my points?
Yes, you can convert points into vouchers for brands like Pantaloons, Shoppers Stop, and Croma.
Is there a fee to redeem my points?
No, there is absolutely no fee charged when redeeming reward points on this card.
Can I donate my reward points to charity?
Yes, the rewards portal offers charity options where you can donate your points to supported causes.
How do I claim the 5% duty-free cashback?
Duty-free cashback is credited directly to your credit card statement within 60 days of the transaction date.
Will my unredeemed points expire?
Reward points on the Standard Chartered Ultimate card remain valid for 3 years from the date of accumulation.
What happens to my points if I close the card?
Unredeemed points are forfeited when a card account is closed. Redeem them fully before initiating cancellation.
Bank Exclusions
You will not earn points / cashback on spends in the following categories
For Points / Cashback Earnings
Fuel Spends
Cash Advances
Financial Charges
For Spends Waiver
EMI Spends
While the Standard Chartered Ultimate Credit Card is highly rewarding, it does not give you points on...
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While the Standard Chartered Ultimate Credit Card is highly rewarding, it does not give you points on...
While the Standard Chartered Ultimate Credit Card is highly rewarding, it does not give you points on absolutely everything. The bank explicitly states that Fuel Spends, Cash Advances, and Financial Charges are entirely excluded from earning reward points. Additionally, EMI Spends are also placed on the exclusion list.
This means if you spend Rs. 5,000 on petrol, you will earn zero reward points for that transaction. Similarly, if you buy a laptop for Rs. 60,000 but convert that transaction into an EMI plan, you forfeit the 2,000 reward points (worth Rs. 2,000) you would have otherwise earned on a standard retail swipe. Understanding these exclusions prevents disappointment when your monthly statement arrives.
View FAQ
Commonly Asked Questions
Will I earn points when I fill up petrol?
No, fuel spends are explicitly excluded and do not earn any reward points.
Do I get points if I convert a purchase into an EMI?
No, EMI spends are excluded from the reward program. You lose the standard points if you choose the EMI option.
If I withdraw cash, do I get reward points on that amount?
No, cash advances do not earn points and actually incur a heavy 2.5% fee plus immediate interest.
Do I earn points when paying late fees or interest?
No, financial charges do not qualify for reward points.
Will my rent payments earn rewards?
Rent payments do not earn reward points and attract a processing fee of 1% plus GST.
Are utility bills excluded from earning points?
Utility bill payments earn reward points at the standard rate of 5 points per Rs. 150 spent, subject to a monthly cap of 1,000 points.
Bank Fee Structure
| Structure | Details |
|---|---|
Forex Markups  2% forex markup is charged on transactions made in currencies other than INR. Applies to international POS payments and online purchases charged in foreign currency. | 2% |
APR Fees Finance charges of 3.75% per month (45.00% per annum) is charged on unpaid dues and cash advances until repaid. | 3.75% |
ATM withdrawal 3% of the withdrawn amount is charged on cash advances using the credit card (minimum ₹300, if applicable). | 3% |
Reward Redemption Fees A reward redemption handling fee of ₹99 plus applicable GST is charged per redemption request. | ₹99 |
Link for all T&Cs | Click Here |
Railway Surcharge A railway booking surcharge of 1.80% for online transactions and 2.50% for other bookings is applied, with additional bank charges and taxes recovered at actuals. | 1.80% |
Rent Payment Fees 1% of the transaction amount is charged as a fee on rent payment transactions, subject to applicable GST and platform charges | 1% |
cheque Payment Fees A fee of ₹100 is charged for payments made through cheque | ₹100 |
Cash Payment Fees A cash payment fee of ₹299 per transaction is applicable when credit card dues are paid in cash at AU Bank branches. | ₹ 299 |
| Late Payment Fees | Amount Due |
|---|---|
| ₹0 - ₹100 | ₹0 |
| ₹101 - ₹500 | ₹100 |
| ₹501 - ₹5,000 | ₹500 |
| ₹5,001 - ₹10,000 | ₹700 |
| Above ₹10,000 | ₹1,200 |
Understanding the fee structure of the Standard Chartered Ultimate Credit Card helps you avoid unnece...
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Understanding the fee structure of the Standard Chartered Ultimate Credit Card helps you avoid unnece...
Understanding the fee structure of the Standard Chartered Ultimate Credit Card helps you avoid unnecessary charges. This card is positioned as a premium product, and while its rewards are massive, its fees for certain activities can be equally high if you are not careful.
The joining fee is Rs. 5,000 plus GST, which is charged when the card is issued. However, the bank provides 6,000 reward points (worth Rs. 6,000) when you pay this fee, effectively giving you more value back than you spent.
An annual or renewal fee of Rs. 5,000 plus GST applies from the second year onwards. The annual fee of Rs. 5,000 is waived if your total spends exceed Rs. 5,00,000 in the preceding year. Averaging about Rs. 41,600 monthly secures the waiver.
If you fail to pay your full bill, an interest rate (APR) of 3.75% per month (45% per annum) kicks in. Finance charges apply on unpaid outstanding balances until the amount is fully repaid. If you leave a balance of Rs. 20,000 unpaid for a month, you will accumulate around Rs. 750 in interest charges alone.
Late payment charges vary by your outstanding balance. The fees are: Rs. 0 for balances up to Rs. 100; Rs. 500 for Rs. 101 to Rs. 500; Rs. 600 for Rs. 501 to Rs. 1,000; Rs. 750 for Rs. 1,001 to Rs. 5,000; Rs. 900 for Rs. 5,001 to Rs. 10,000; Rs. 1,100 for Rs. 10,001 to Rs. 25,000; and Rs. 1,300 for balances above Rs. 25,000. Missing a payment on a Rs. 15,000 balance hits you with a Rs. 1,100 penalty.
For international travelers, a 3.5% forex markup is charged on transactions made in non-INR currencies. If you spend Rs. 1,00,000 equivalent on a hotel in Paris, the bank charges a Rs. 3,500 markup fee on top of the transaction.
Using the card at an ATM incurs a cash withdrawal fee of 2.5% of the withdrawn amount, with a minimum charge of Rs. 500. If you withdraw Rs. 10,000, you pay a Rs. 500 fee, plus immediate interest at 3.75% per month.
Paying rent via third-party platforms triggers a rent payment fee of 1% of the transaction amount. Paying Rs. 40,000 for rent will cost you an extra Rs. 400 plus GST.
A railway surcharge of 1% is applied to transactions made for booking railway tickets. Booking a Rs. 3,000 train ticket results in an extra Rs. 30 charge.
If you prefer paying your credit card bill in cash at a branch, a cash payment fee of Rs. 100 applies per deposit. Paying online is always the smarter, free alternative.
Paying your bill via cheque incurs a cheque payment fee: Rs. 25 for cheque values up to Rs. 5,000, and Rs. 50 for cheque values above Rs. 5,000. It is best to avoid cheques and use NEFT or UPI.
Finally, there is no reward redemption fee. When you decide to convert your points into vouchers or statement credit, the bank processes it for free, ensuring you keep 100% of the value you earned.
| Fee Type | Amount / Rate |
|---|---|
| Joining Fee | Rs. 5,000 + GST |
| Annual Fee | Rs. 5,000 + GST |
| Interest Rate (APR) | 3.75% per month (45% per annum) |
| Late Payment Fee | Rs. 0 to Rs. 1,300 based on outstanding amount |
| Forex Markup | 3.5% |
| Cash Withdrawal Fee | 2.5% of amount (min. Rs. 500) |
| Rent Payment Fee | 1% of transaction amount |
| Railway Surcharge | 1% |
| Cash Bill Payment Fee | Rs. 100 per deposit |
| Cheque Payment Fee | Rs. 25 (up to Rs. 5k) / Rs. 50 (above Rs. 5k) |
| Reward Redemption Fee | Nil |
View FAQ
Commonly Asked Questions
What is the joining fee for this card?
The joining fee is Rs. 5,000 plus GST.
What is the annual or renewal fee?
The annual fee is Rs. 5,000 plus GST.
Is there an annual fee waiver based on spending?
The waiver is triggered once you cross the Rs. 5,00,000 annual spend milestone.
What is the interest rate if I don't pay my full balance?
Finance charges of 3.75% per month, or 45% per annum, apply on unpaid balances.
How much is the late payment fee if my bill is Rs. 3,000?
For a balance between Rs. 1,001 and Rs. 5,000, the late payment fee is Rs. 750.
What is the forex markup for international transactions?
The card charges a 3.5% forex markup on international POS payments and online purchases in foreign currencies.
What is the cost of withdrawing Rs. 5,000 from an ATM?
You will be charged a minimum fee of Rs. 500, as 2.5% of Rs. 5,000 is only Rs. 125.
Are there fees for paying rent with this card?
Yes, a fee of 1% of the transaction amount is charged on rent payments.
Is there a fee for booking train tickets?
Yes, a surcharge of 1% is applied to railway ticket bookings.
Is there a fee to deposit cash to clear my bill?
Yes, paying your credit card bill in cash at a branch costs Rs. 100 per deposit.
How much does it cost to pay my bill via cheque?
It costs Rs. 25 for cheques up to Rs. 5,000 and Rs. 50 for cheques above Rs. 5,000.
Is there a fee to redeem my reward points?
No, redeeming reward points on this card is completely free of charge.
Documents Required
To process your application smoothly, you must provide proof of identity, address, and income. Having these ready prevents unnecessary delays.
You need your PAN Card as the primary identity document. For address proof, an Aadhaar Card, Passport, or Voter ID is acceptable. To prove your income, salaried employees should provide their latest two months' salary slips and the last three months' bank statements showing salary credits. Self-employed applicants must submit their latest Income Tax Return (ITR) computation along with business continuation proof.
View FAQ
Commonly Asked Questions
What identity proof is required?
You will need to provide your Aadhaar Card and original PAN card, especially for Video KYC.
What income proof do salaried applicants need?
Salaried individuals usually need to submit recent salary slips (last 2-3 months) and bank statements showing salary credits.
What income proof is needed for self-employed applicants?
Self-employed applicants must provide recent Income Tax Returns (ITR) computing an annual income of at least Rs. 24 lakhs, along with business proofs.
Do I need to submit a physical photograph?
If you complete the Video KYC process successfully, physical photographs are not required.
Is address proof mandatory?
Yes, your Aadhaar card usually serves as address proof. If your current address differs, you may need to provide a utility bill or rental agreement.
Can I use my passport as identity proof?
Yes, a valid passport is widely accepted as both identity and address proof by banks.
Who Should Get This Card?
The High-Spending Shopper: If you routinely put significant retail expenses on your card and value straightforward rewards, this is for you. Earning 3.33% back with a 1:1 redemption ratio takes the guesswork out of credit card rewards.
The Frequent Traveler: The domestic lounge access combined with international access via Priority Pass ensures comfort during trips. The massive Rs. 1 crore air accident insurance and USD 25,000 medical cover offer deep peace of mind.
Who should skip it? If your annual income is below Rs. 24 lakhs, or if you prefer a card with zero annual fees regardless of spending, you should look elsewhere. Furthermore, if you are seeking accelerated points specifically on dining or fuel, this card's exclusions and lack of category multipliers will disappoint you.
Credit Limit and What to Expect
Given the high income requirement of Rs. 24 lakhs annually, you can expect a generous credit limit with the Standard Chartered Ultimate Credit Card. Credit limits typically range from Rs. 5,00,000 to Rs. 15,00,000 based on your income profile and existing debt obligations.
View FAQ
Commonly Asked Questions
What credit limit will I get on this card?
Credit limits for this card are high, often starting at Rs. 5,00,000, and are determined by your specific credit score and financial profile.
Can I request a credit limit increase later?
Yes, banks review accounts periodically and offer limit enhancements based on good repayment behavior.
Will checking my eligibility impact my credit score?
A soft inquiry does not impact your score, but a formal application will result in a hard inquiry on your credit report.
How does my CRIF score affect my limit?
A higher credit score demonstrates better financial discipline, resulting in the bank offering a higher initial credit limit.
Can my credit limit be reduced?
Yes, the bank reserves the right to decrease your limit if they observe risky spending patterns or frequent late payments.
Is the credit limit shared with add-on cards?
Yes, any add-on cards issued will share the primary account holder's overall credit limit.
How to Apply?
Applying for the Standard Chartered Ultimate Credit Card is a straightforward process, primarily handled online. You can start your application on the bank's official website or through trusted affiliate networks.
You will need to fill out your personal details, employment information, and income figures. Ensure the details match your official documents. The bank will typically verify your identity through Video KYC. During Video KYC, you must be in India, have your original PAN card handy, and ensure you are in a well-lit room with a stable internet connection.
View FAQ
Commonly Asked Questions
Can I apply for this card online?
Yes, you can initiate the application process entirely online through the bank's website or partner links.
What is Video KYC?
Video KYC is a digital process where a bank representative verifies your identity over a video call, eliminating the need for physical paperwork.
Do I need a physical PAN card for Video KYC?
Yes, you must display your original physical PAN card during the Video KYC process.
How do I track my application status?
You will receive an application reference number which you can use on the bank's tracking portal to check your status.
What happens if the bank rejects my application for the Ultimate card?
The bank offers a different card variant that matches your current eligibility profile. Read the terms carefully before accepting.
How long does the application process take?
The approval process typically takes 7 to 10 working days following the successful completion of your Video KYC.
That’s the full story of this credit card
Like this card? Your apply button’s just there.
Top Benefits
Top Benefits
Get Joining Fee Rewards as 6000 Reward Points
worth ₹6000 on payment of the joining fee
Enjoy 4 Complimentary Domestic Lounge
visits per calendar quarter at lounges
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