Standard Chartered India Smart Credit Card

Charge

• Annualized Percentage Rate (w.e.f. 1 May 2021): 3.75% p.m. (APR 45%).
• Instant card variants 1.99% p.m. (APR 23.88%).
• Cash transactions 3.75% p.m. (APR 45%).
• Cash advances on Smart Credit Card attract 3.75% per month.
• Minimum Amount Due: higher of (a) 5% of statement outstanding, (b) sum of installments billed + interest + fees + other charges + over limit amount + 1% of principal, or (c) INR 250.
• Tariff of Charges: Late Payment Charges (w.e.f. 1 May 2024): INR 0 for outstanding <=INR 100.
• INR 100 for INR 101-500.
• INR 500 for INR 501-5,000.
• INR 700 for INR 5,001-10,000.
• INR 1200 for >INR 10,000 (additional ₹100 late fee if MAD not received for 2+ consecutive months).
• Cheque Bounce Charges INR 500.
• Over Limit Charges INR 500 per instance or 2.5% of overlimit amount (min INR 500).
• Card Replacement Fee NIL.
• Rewards Handling Charges INR 99.
• Cash Advance Fee 3% of amount (min INR 300).
• Surcharges INR 25 or 2.5% (whichever higher) on Railway, INR 10 or 1% (whichever higher) on Petrol.
• Rental payments (w.e.f. 2 April 2023) 1% processing fee + taxes.
• GST at applicable rates.
• Cheque/Cash Pick up Fee INR 100 for overdue accounts.
• Cash Repayment Fee INR 299 for cash bill payment at branch.
• Paper Statement INR 99 per month (if opting for both paper and electronic).
• Branch Service Handling Charges INR 199 for service requests at branch.
• Phone Banking Self Service IVR calls FREE.

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Interest-free period

• Interest-free (Grace) Period: Payment Due Date can be between 18 and 25 days after Statement Date.
• Interest-free credit period ranges from 18-48 days to 25-55 days.
• Additionally, an Extended Interest Free Period is available for only the first 90 days from date of issuance (first three statements), provided Minimum Amount Due is timely serviced.
• Applies only to retail transactions, not cash advances.
• Interest-free period does not apply to cash advances and revolving balances.

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Fuel surcharge waiver

• Fuel surcharge: ₹10 or 1% of transaction (whichever is higher) on Petrol transactions.
• No cashback is earned on fuel purchases.

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Redemption value

• Cashback redeemed through rewards portal R360.
• W.e.f 1st May 2024, minimum cashback balance of ₹2,500 required for redemption.
• Cashback less than ₹2,500 cannot be redeemed.
• Redeemable only in multiples of ₹1,000 (i.e. ₹2,500, ₹3,500, ₹4,500 etc).
• Redeemed cashback reflects in credit card account within 3 working days.

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Reward cap

• Maximum cashback ₹1,000 per statement cycle for online transactions.
• Maximum ₹500 per statement cycle for offline transactions.
• W.e.f 21 August 2024, cashback earning (2% Online and 1% other spends) is capped at client level inclusive of Primary and Supplementary cardholders and not individually in every statement cycle.

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Reward exclusion

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Eligibility

• Supplementary cards do not attract any first year and renewal fee.
• Joining offers are not applicable to Supplementary Card(s).
• Subject to application satisfying the Bank's credit cards norms and other guidelines.
• Approximately 9 days to get the credit card approved subject to complete and accurate documents.

Verified · harvested from product page · 2026-08-02 · source