Standard Chartered India Ultimate Credit Card

Lounge access

• Mastercard/Visa domestic lounge access: 4 complimentary visits per calendar quarter (primary and supplementary cardholder each individually), validation swipe ₹25 (Mastercard) / ₹2 (Visa).
• Priority Pass: complimentary membership with access to over 1,000 international airports.
• Primary and supplementary cardholder each get 1 complimentary lounge visit per month on spending more than ₹20,000 in the previous month.
• Usage beyond eligible visits and all guest visits charged up to USD 35 per visit.
• No complimentary access to lounges in India using Priority Pass.

Verified · Ultimate Credit Card – Terms & Conditions (Joining Offer, Renewal, Insurance, Rewards) · 2026-08-02 · source

Forex markup

• 2% forex markup fee on all overseas and non-INR transactions.
• The fee is levied on the amount settled on the card in INR and appears separately in the statement.

Verified · Ultimate Credit Card – Terms & Conditions (Joining Offer, Renewal, Insurance, Rewards) · 2026-08-02 · source

Charge

• Annualized Percentage Rate (w.e.f. 1 May 2021): 3.75% pm (APR 45%).
• Cash transactions 3.75% pm (APR 45%).
• Minimum Amount Due: higher of 5% of statement outstanding, or installments+interest+fees+overlimit+1% of principal, or ₹250.
• Late Payment Charges (w.e.f. 1 May 2024): ₹0 up to ₹100.
• ₹100 for ₹101-500.
• ₹500 for ₹501-5,000.
• ₹700 for ₹5,001-10,000.
• ₹1,200 above ₹10,000 (plus ₹100 if MAD not received 2+ consecutive months).
• Cheque Bounce Charges: ₹500.
• Over Limit Charges: ₹500 per instance or 2.5% of overlimit amount (min ₹500).
• Card Replacement Fee: NIL.
• Rewards Handling Charges: ₹99.
• Cash Advance Fee: 3% of withdrawal (min ₹300).
• Overseas Transactions: 3.5% transaction fee (except Ultimate Card levied 2%).
• Surcharges: Railway ₹25 or 2.5% (whichever higher).
• Petrol ₹10 or 1% (whichever higher).
• Rental payments (w.e.f. 2 April 2023): 1% processing fee + taxes.
• Cheque/Cash Pick up Fee: ₹100 for overdue accounts.
• Cash Repayment Fee: ₹299 per cash payment at branch.
• Paper Statement: ₹99 per month.
• Branch Service Handling Charges: ₹199 (except Ultimate).
• GST applicable.

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Interest-free period

• Interest-free (grace) period ranges from 18-48 days to 25-55 days depending on your Payment Due Date (Payment Due Date is between 18 and 25 days after Statement Date).
• Does not apply to cash advances and revolving balances.

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Fuel surcharge waiver

• 1% fuel surcharge waiver of the transaction amount, maximum ₹1,000 per statement cycle.
• Credited within 2 days of transaction posting.
• Only transactions under fuel MCCs (5172, 5541, 5542, 5983) eligible.
• Fuel transactions do not earn reward points.

Verified · Ultimate Credit Card – Terms & Conditions (Joining Offer, Renewal, Insurance, Rewards) · 2026-08-02 · source

Milestone benefit

• Renewal offer: Earn 5,000 reward points on payment of the renewal fee.
• Credited within 60 days after realisation of renewal fees.
• If renewal fee is converted to EMI, no reward points are earned.
• (threshold: payment of renewal fee).

Verified · Ultimate Credit Card – Terms & Conditions (Joining Offer, Renewal, Insurance, Rewards) · 2026-08-02 · source

Redemption value

• 1 reward point = ₹1, redeemable via R360 (360 Rewards) portal against products, vouchers or services.
• Rewards Handling Charge of ₹99 for redemption of reward points.
• Reward points expire in 3 years.

Verified · Ultimate Credit Card – Terms & Conditions (Joining Offer, Renewal, Insurance, Rewards) · 2026-08-02 · source

Reward cap

Reward points are capped at card level i.e. primary and supplementary cardholders are eligible to receive the maximum reward points amount individually.

Verified · Ultimate Credit Card – Terms & Conditions (Joining Offer, Renewal, Insurance, Rewards) · 2026-08-02 · source

Reward exclusion

Verified · Ultimate Credit Card – Terms & Conditions (Joining Offer, Renewal, Insurance, Rewards) · 2026-08-02 · source

Golf benefit

• 1 complimentary Golf game per month and 1 complimentary coaching session per month, per valid Ultimate credit card, at listed domestic golf courses.
• Non-transferable.
• Cardholder must pay green fee, convenience charges and other charges via the Standard Chartered credit card.
• Bookings via Golflan Technology Solutions (1800-208-7899).

Verified · Ultimate Credit Card – Terms & Conditions (Joining Offer, Renewal, Insurance, Rewards) · 2026-08-02 · source

Travel benefit

• Priority Pass complimentary membership giving access to over 1,000 international airports.
• Usage charged up to USD 35 per visit per visitor (except complimentary visits earned per qualifying criteria).

Verified · Ultimate Credit Card – Terms & Conditions (Joining Offer, Renewal, Insurance, Rewards) · 2026-08-02 · source

Insurance

• Complimentary insurance via HDFC Ergo (Policy 2999206693039301000): Personal Accident (Air Accidental Death, International air travel, Sum Insured ₹1,00,00,000, primary cardholder only).
• Emergency Medical Expenses up to USD 25,000 (USD 100 deductible).
• Checked Baggage Loss up to USD 500.
• Baggage Delay up to USD 100.
• Loss of Baggage & Personal Documents up to USD 750.
• Hijacking up to USD 200 (USD 75 per 6 hours).
• Flight Delay up to USD 200 (USD 10 per hour).
• Lost/Stolen Card Cover ₹25,000.
• Air ticket must be purchased using the Ultimate credit card.
• Non-ATM swipe of min ₹499 within 30 days of loss required.

Verified · Ultimate Credit Card – Terms & Conditions (Joining Offer, Renewal, Insurance, Rewards) · 2026-08-02 · source

Statement credit

• 5% cashback on duty free transactions, max cashback ₹1,000 per statement cycle.
• Credited within 60 days of transaction date.
• Cashback transactions do not earn reward points.
• Only transactions where merchant is registered as duty-free vendor qualify.

Verified · Ultimate Credit Card – Terms & Conditions (Joining Offer, Renewal, Insurance, Rewards) · 2026-08-02 · source

Eligibility

• Qualifying criteria: Gross Monthly Income (GMI) of ₹2,00,000.
• Supplementary cards do not attract any first year and renewal fee.
• Joining offers are not applicable to supplementary cards.

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