The Standard Chartered DigiSmart Credit Card is tailored for individuals who frequently shop online and prefer to maximize their savings through exclusive discounts on specific partner merchants. With discounts on platforms like Myntra, Zomato, Yatra, and Ola, this card is perfect for users who have embraced the digital lifestyle. The card operates on a unique monthly fee structure, making it accessible and easy to manage for users who regularly meet the spend requirements.
Overview
| Feature | Details |
|---|---|
| Card Type | Cashback Credit Card |
| Reward Rate | Discounts on select partner merchants |
| Reward Value | No traditional reward points, but direct discounts and cashback |
| Annual Fee | ₹588 + GST (₹49 + GST monthly fee, waived on spending ₹5,000 in the previous month) |
| Unique Selling Points | High discounts on Myntra, Zomato, and Yatra |
| Rating | ★★★★☆ (4.3/5) |
Fees and Charges for Standard Chartered DigiSmart Credit Card
| Fee Type | Charges |
|---|---|
| Joining Fee | ₹49 + GST per month |
| Annual Fee | ₹588 + GST per year (₹49 + GST monthly fee) |
| Finance Charges | 3.75% per month |
| Foreign Transaction Fee | 3.5% + GST |
| Cash Advance Fee | 3% of the amount withdrawn (min ₹300) |
| Late Payment Fee | ₹100 to ₹1,200 based on the outstanding balance |
| Rent Payment Fee | 1% + GST |
| Education Payment Fee | No specific charges, but rewards may not apply |
| Utility Payment Fee | No specific charges, but rewards may not apply |
Benefits of Standard Chartered DigiSmart Credit Card
The Standard Chartered DigiSmart Credit Card offers several benefits specifically designed for online shoppers:
- Myntra: 20% instant discount, up to ₹700 per month, with no minimum spend requirement.
- Zomato: 10% discount, up to ₹150 per transaction, valid for 5 transactions per month.
- Yatra: 20% discount on domestic flights, up to ₹750; 10% discount on international flights, up to ₹10,000; and 25% discount on domestic hotel bookings, up to ₹4,000. All discounts are valid for one transaction per quarter.
- Ola: 15% cashback on cab rides, up to ₹600 per month.
- Grofers (now Blinkit): 10% discount, up to ₹1,000 per month, valid for 5 transactions per month.
- INOX: Buy one get one free on weekend movie tickets, up to ₹200 per transaction, valid for 2 transactions per month.
Rewards from Standard Chartered DigiSmart Credit Card
| Spend Category | Reward Rate |
|---|---|
| Myntra | 20% instant discount |
| Zomato | 10% discount |
| Yatra | Up to 25% discount |
| Grofers (Blinkit) | 10% discount |
| INOX | Buy One Get One Free |
| Reward Value | No traditional reward points; savings via direct discounts |
Redemption of Reward Points
This card does not operate on a traditional points-based reward system. Instead, users receive direct discounts and cashback on transactions with partner merchants.
Standard Chartered DigiSmart Credit Card Card Review
Editor’s Rating
Summary
The Standard Chartered DigiSmart Credit Card is a strong choice for online shoppers who regularly spend on partner platforms like Myntra, Zomato, and Yatra. With its unique fee structure and targeted discounts, it offers significant savings for users who align with its benefits. However, its value diminishes for those who frequently spend outside these categories.
Pros and Cons of Standard Chartered DigiSmart Credit Card
| Pros | Cons |
|---|---|
| High discounts on popular online platforms | No rewards for non-partner spends |
| Low monthly fee with easy waiver | No airport lounge access |
| Buy One Get One Free movie tickets at INOX | High foreign transaction fees |
Cards Similar to Standard Chartered DigiSmart Credit Card
| Feature | DigiSmart Credit Card | Axis Bank ACE Credit Card | HDFC Millennia Credit Card |
|---|---|---|---|
| Annual Fee | ₹588 + GST (monthly) | ₹499 + GST | ₹1,000 + GST |
| Cashback/Discount Rate | Up to 25% on partner merchants | Up to 5% on select categories | Up to 5% on partner merchants |
| Reward Value | Direct discounts and cashback | Direct cashback | 1 CashPoint = ₹1 |
| Special Benefits | High partner-specific discounts | High cashback on utility payments | Dining discounts, fuel waiver |
FAQ
What is the monthly fee for the Standard Chartered DigiSmart Credit Card?
The card charges a monthly fee of ₹49 + GST, which is waived if you spend ₹5,000 or more in the previous month.
How can I earn discounts with the Standard Chartered DigiSmart Credit Card?
Does the DigiSmart Credit Card offer airport lounge access?
No, the Standard Chartered DigiSmart Credit Card does not offer complimentary airport lounge access.
What is the foreign transaction fee for this card?
The foreign transaction fee is 3.5% + GST on all international transactions.
Is there a cashback or rewards program for general spending?
No, the DigiSmart Credit Card does not offer cashback or rewards for general spending outside of its partner merchants.
