Standard Chartered Smart Credit Card Review

Standard Chartered Smart Credit Card Review

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,

Table of Contents


Type Entry-level Credit Card
Reward Rate Upto 2% as Cashback
Annual Fee 499 INR+GST (First Year Free)
Best for Online Spends
USP Low 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 Fee 499 INR+GST (First Year Free)
Welcome Benefit No interest for first 90 days
Renewal Fee 499 INR+GST
Renewal Benefit
Renewal Fee waiver 1,20,000 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 TYPE Cashback Max. Cap / txn / month Spend Equivalent
Online 2% 1000 INR 50,000 INR
Offline 1% 500 INR 50,000 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.


  • Credwise Rating: 4/5

While Standard Chartered Smart Credit Card might not look great at first look, the direct and indirect benefits that comes with Want to learn about Finance, Investing, and much more!, Checkout our partner blogs.