CardAgent
Verified by CardAgent admin · last checked 08 Jul 2026
Standard Chartered

Standard Chartered Ultimate Credit Card

73
Ranked #7 of 170 in credit
creditVisasuper-premium

Standard Chartered's flagship premium card known for a broad reward-earning base (including usually-excluded categories like utilities and insurance) and low forex markup, though some long-term users report meaningful devaluation in redemption value.

Score breakdown

Data completeness: 95% · Last verified: 09 Jul 2026

Reward value73/100 · weight 71%
≈ 3.33% effective on the standard basket (eligible spend only)
Wide-coverage rewards: +10.0% score bonus — earns broadly without narrow category restrictions.
Fee efficiency63/100 · weight 12%
Redemption flexibility75/100 · weight 9%
Perks85/100 · weight 9%

Fees

All fees shown base + 18% GST (India card fees legally attract GST).

Joining fee
₹5,000 + 18% GST
= ₹5,900 total
Annual fee
₹5,000 + 18% GST
= ₹5,900 / year total
Waiver: No standard spend-based waiver identified
Forex markup
2%

Lounge access

Domestic (per year)
16
International (per year)
12

Reward structure

CategoryTypeRateCapNotes
all_spendspoints3.33%(3.33 pts @ ₹1.00)—5 pts/Rs150 = 3.33%, uncapped, broad category coverage; 1pt=Rs1 flat value
utilitiespoints2.00%(2 pts @ ₹1.00)—3 RP/Rs 150 on utilities, supermarkets, insurance, property mgmt, schools, government (since April 2023 revision)
travelpoints0.00%(0 pts @ ₹0.25)—Reduced forex and prominent travel insurance coverages

Welcome offer

6,000 reward points on joining fee payment; up to Rs 10,000 cashback on MakeMyTrip if booked within 90 days

Milestone benefits

Pros

  • Rare flat reward rate across ALL categories including utilities, insurance, supermarkets, schools, government payments (most cards exclude these) — 3 RP/Rs 150 on these categories per 2023 revision
  • 5% cashback on duty-free (capped Rs 1,000/month)
  • low 2% forex
  • golf game + coaching session monthly
  • strong insurance coverage

Cons

  • Reward redemption limited mostly to vouchers/merchandise/electronics at MRP (no meaningful discount vs retail)
  • no airline/hotel points transfer partners
  • lounge access has spend-gating for full benefit
  • user reports suggest real-world reward value has been diluted by removed voucher options (Amazon Pay, gold/jewellery GVs) since 2023
  • very high income eligibility

What's inside

More benefits

  • Unlimited monthly golf

    ₹1,700

    1 complimentary golf game + 1 coaching session per month at premier India golf courses

    monthly.

  • Duty-free cashback

    5% cashback on airport duty-free purchases

    Cap ₹12,000 / monthly. Capped Rs1,000/statement cycle

Insurance cover

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₹NaN

Eligibility

text
Age 21-65; min income Rs 24 lakh/annum or Rs 2 lakh/month salaried; credit score 750+

Small print

Fuel surcharge:No reward points on fuel transactions; fuel surcharge waiver capped Rs 1,000/month per some sources