Standard Chartered Ultimate Credit Card Review

By | February 26, 2021

Standard Chartered Bank is known for its premium services. It has launched a credit card as Standard Chartered Ultimate credit card in the year 2017. SC holds a high rate of approval for its credit cards. But the drawback here is that the limit provided by the bank is low.

However, the bank has decided now to provide a supreme credit card to wealthy credit holders. Keeping good credit holders in mind has launched the ultimate credit card with a catchy design and reward system.

This SC ultimate credit card is in the market with visa infinite.

Standard Chartered Ultimate Credit Card Rewards

Fees & Charges

FeesAmount
Joining/Renewal FeeRs.5000+GST
Renewal Benefit 5000 Points

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Eligibility

  • The applicant’s age should be between 21 and 65.
  • ITR 24L p.a / Existing Standard Chartered Credit Card limit of Rs.5 Lakhs
  • An applicant is required to belong to the state/cities where credit card of SC is issued
Standard Chartered Ultimate Credit Card Features

Documents Required

  • Identity Proof: Passport, PAN Card, Voter Id Card, Govt ID, etc.
  • Address Proof: Aadhar Card, Passport, Driving License, Election/Voter’s ID Card.
  • 1 recent passport-sized Photograph

Financial documents

  • Salaried: Latest one month salary slip
  • Self-Employed Businessmen: Latest IT Returns files having exact computation of income
  • Self-Employed Professionals: Same as self-employed Businessman
  • You can also apply using bank statements from any of your other accounts

How To Apply

You can apply for the card in the following manner:

  1. You have to visit the Standard Chartered website to apply for the card.
  2. Fill up all the information to apply for the card
  3. Submit all the necessary documents required for the credit card

Welcome Bonus

Rs.10,000 as cashback on spending INR10,000 or more with MakeMyTrip. You will receive the cashback within 60 days after making the payment. This cashback scheme is valid for only one transaction with MMT.

Reward Rate

standard chartered ultima rewards
  • 5 RP on every 150INR spend
  • 1RP = INR1
  • 5% cashback on duty-free spend
  • Reward Rate: 3.3%

The reward rate provided by Standard Chartered makes it competitive with HDFC Infinia & HDFC Diners Black. Even SC offers more options than these two; SC has provided many vouchers to redeem points.

Lounge Access

  • Domestic Lounge Access: 4 Visits/Qtr
  • International Lounge Access: 1 Visit/Month (both primary & Add-on Cardholder) by Priority Pass
  • Rs.20,000 is required to be spent in the previous month to get complimentary PP visit.

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Other Benefits

  • Up to 25% discount on selected 250+ restaurants in India
  • 4 nights stay at Hilton Honours
  • 2 complimentary Golf games per month & more
  • 5% Cashback on duty-free spending (not clear)
  • All other Visa Infinite Privileges

Our Suggestion

This is a super-premium card that is good for people who spend more via credit cards.

The best thing this card offers you is 5% cashback.

Also, the offers it provided are of premium quality. The lounge access program is also amazing. Overall having this card in your pocket will give you nice benefits.

We have used this card for most of our spends and the best reward we got out of this was stay at Hilton Honours.

Strength-Weakness

StrengthWeakness
12 international lounge accessHigh joining fee
5X reward point

Features

standard chartered ultima features
  • Interest Rate: 2.5%
  • Foreign currency markup: 3.5%
  • Fuel surcharge: 1% fuel surcharge waiver
  • Reward rate: 3.3%

Bottom Line

That is the super-premium credit card that comes up with amazing reward points. As most premium cards are designed to provide maximum benefit to frequent travelers, this card falls in the same category.

Spending with MakeMyTrip provides you the maximum benefits. Not only this, almost all rewards are unique in themselves. The company is working to offer more rewards in the coming days. We’ll keep you updated from time to time about the new offers.


FAQ’s

HOW TO BLOCK LOST OR STOLEN CARD?

Below are the steps to block the lost/stolen card.
1: Log in to your Internet Banking or SC Mobile Banking Application

2: Select “Help & Services”
3: In “Card Management” section go to “Report Lost/Stolen Card” & then,
4: Follow the instructions on the screen
5: On completion of the mentioned steps your card will be blocked. Also, a replacement card will be sent to your registered mailing address

HOW DO I APPLY FOR E-STATEMENTS?

Follow the below steps to apply for e-Statement:
1: Log in to Online Banking
2: Select “e-Statements and e-Advices”
3: Go to “About Statements” & here you will get your statement details

HOW TO CHECK THE AVAILABLE CASH LIMIT ON MY STANDARD CHARTERED ULTIMATE CREDIT CARD?

To know the cash limit follow the given steps:
Online Banking
1: Log in to Online Banking
2: Then click on “Cards”, which is on the left side of menu
3: Then click on “Card Details” to view the cash limit assigned under “Available Cash Advance Limit”
SC Mobile
1: Log in to SC Mobile
2: Select the credit card
3: Then click on “Card Details” to view the cash limit assigned under “Available Cash Advance Limit”

HOW MUCH TIME IS REQUIRED FOR A CREDIT CARD PAYMENT TO REFLECT IN THE ACCOUNT?

The maximum time it takes is of 4 days.

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