The Standard Chartered Ultimate Credit Card is a premium offering designed for high-net-worth individuals who seek luxury and exclusive privileges. This card provides a host of benefits, including unlimited airport lounge access, travel insurance, dining discounts, and a rewarding miles program. In this comprehensive review, we delve into its key features and benefits to help you determine if it meets your lifestyle needs.
Overview
| Feature | Details |
|---|---|
| Card Type | Premium Credit Card |
| Reward Rate | 5 reward points for every ₹150 spent |
| Reward Value | 1 Reward point equals ₹1 |
| Annual Fee | ₹5,000 + GST |
| Unique Selling Points | Unlimited lounge access, high reward rate, luxury benefits, Golf |
| Rating (out of 5) | 4.7 |
Joining Fees for Standard Chartered Ultimate Credit Card
| Fee Type | Details |
|---|---|
| Joining Fee | ₹5,000 + GST |
| Renewal Fee | ₹5,000 + GST |
| Welcome Benefits | 6,000 reward points on first transaction |
| Renewal Fee Waivers | NA |
Utility Payment Charges for Standard Chartered Ultimate Credit Card
| Payment Type | Charges |
|---|---|
| Rent Payment | 1% of the transaction amount |
| Education | 1% of the transaction amount |
Benefits of Standard Chartered Ultimate Credit Card
The Standard Chartered Ultimate Credit Card offers a variety of premium benefits designed for a luxurious lifestyle:
- Lounge Access: Enjoy 6 domestic lounge visits (INR 1400/visit) and 4 global lounge visits with priority pass (2300/visit).
- Travel Insurance: Comprehensive travel insurance coverage for emergencies and inconveniences.
- Dining Discounts: Avail exclusive dining discounts at partner restaurants.
- Golf Benefits: Complimentary 4 golf session (INR 5000/visit) to select golf courses and exclusive golfing events.
- Concierge Services: 24×7 concierge services for travel, dining, and entertainment.
- Duty-Free Spends: Get 5% cashback on duty-free transactions at over 1000+ airports worldwide, with a max. cashback of ₹1,000 per month.
- Movie Benefit: Enjoy the Buy 1 Get 1 Visa Infinite Offer for Visa variant cardholders.
- Fuel Surcharge Waiver: 1% waiver on fuel spends (cap. INR 15000/month, Maximum INR 150 waiver per month), no rewards on fuel spends.
Rewards from Standard Chartered Ultimate Credit Card
| Spend Category | Reward Rate |
|---|---|
| General Spending | 5 reward points for every ₹150 spent |
| Reward Points Cap | No cap on reward points |
| Reward Value | 1 Reward point equals ₹1 |
| Rewards Expire in | 3 years |
Milestone Benefits of StanChart Ultimate Credit Card
| Spending Milestone | Reward Earned |
|---|---|
| NA | NA |
Redemption of StanChart Ultimate Credit Card Points
Cardholders can redeem their reward points through various channels:
- Travel: Book flights and hotels via the Standard Chartered rewards portal.
- Gift Vouchers: Redeem points for gift vouchers from leading brands.
- Merchandise: Choose from a range of products in the rewards catalog.
- Cashback: Convert points into cashback credited to your card account.
- Redemption Fee: ₹99 + GST per redemption
Gift Vouchers Available
| Category | Brands |
|---|---|
| Shopping | Limited options from the Catalog |
| Electronics | Listed items from the Catalog |
| OTA | MakeMyTrip, EaseMyTrip |
| Hotels | Marriott Hotels, Taj Hotels, ITC Hotels, Oberoi Hotels |
| Cabs | Uber, Ola |
| Airline | Vistara Voucher, IndiGo, SpiceJet |
| Luxury Brands | Luxe, Armani, Gucci, Burberry |
| Merchandise | Peter England, Van Heusen, Raymond, Arrow |
Airport Lounge Access with StanChart Ultimate Credit Card
| Access Type | Details |
|---|---|
| Domestic Lounges | 6 domestic lounge visits (INR 1400/visit) |
| International Lounges | 4 global lounge visits with priority pass (2300/visit) |
| Add-on Cardholder Benefits | Same benefits as primary cardholder |
Airport Transfers with StanChart Ultimate Credit Card
The StanChart Ultimate Credit Card offers complimentary airport transfer services, enhancing your travel experience with convenience and luxury. This service is subject to availability and requires prior booking through the Standard Chartered concierge.
Forex Markup Fee for StanChart Ultimate Credit Card
| Fee Type | Details |
|---|---|
| Forex Markup Fee | 2% of the transaction amount (earlier 3.5%) |
| Reward Rate for International Spends | 5 reward points for every ₹150 spent |
Eligibility for StanChart Ultimate Credit Card
To apply for the StanChart Ultimate Credit Card, applicants must meet the following criteria:
- Age: Minimum 21 years old
- Income: Minimum annual income as required by the bank (varies by region)
- Credit Score: Good credit history
- ITR: 24L p.a.
- Other Bank Credit Card: Minimum credit limit of ₹5 lakhs
- Existing SC Credit Card: Minimum credit limit of ₹4 lakhs
How to Apply ?
Applying for the StanChart Ultimate Credit Card is straightforward:
- Online Application:
- Visit the Standard Chartered Bank website.
- Navigate to the “Credit Cards” section and select the “Ultimate Credit Card”.
- Click on the “Apply Now” button and fill out the required personal and financial information.
- Submit the necessary documents online as per the instructions.
- Offline Application:
- Visit the nearest Standard Chartered Bank branch.
- Request an application form for the Ultimate Credit Card.
- Fill out the form with accurate details and attach the required documents.
- Submit the form at the branch and await approval.
Card Review
The StanChart Ultimate Credit Card is an excellent choice for high-net-worth individuals seeking luxury and exclusive privileges. With unlimited lounge access, high reward rates, and extensive redemption options, it offers substantial value for those who demand the best in travel and lifestyle benefits.
Overall Rating: 4.7
- Benefits: 4.8
- Fees: 4.5
- Customer Service: 4.6
Pros and Cons of StanChart Ultimate Credit Card
Advantages of the Credit Card:
- Complimentary access to domestic and international airport lounges.
- High reward rate of 5 points for every ₹150 spent.
- Comprehensive travel insurance and concierge services.
- Complimentary access to select golf courses and exclusive golfing events.
- 5% cashback on duty-free transactions.
- Foreign currency exchange rate at 2% (lower than the average fee of 3.5%)
Potential Drawbacks:
- High annual fee of ₹5,000 + GST.
- Limited Voucher options.
- No milestone benefits.
Similar Cards from Other Banks
| Credit Card | Annual Fee | Lounge Access | Reward Rate | Reward Value | Special Benefits |
|---|---|---|---|---|---|
| HDFC Infinia Credit Card | ₹12,500 + GST | Unlimited domestic and international | 5 reward points for every ₹150 spent | 1 Reward point equals ₹1 | Unlimited golf games, dining privileges |
| SBI Card ELITE | ₹4,999 + GST | 6 domestic and 2 international p.a. | 2 reward points for every ₹100 spent | 1 Reward point equals ₹0.25 | Complimentary movie tickets, club memberships |
| Axis Bank Magnus Credit Card | ₹10,000 + GST | Unlimited domestic and international | 12 EDGE reward points for every ₹200 spent | 1 EDGE reward point equals ₹0.20 | Travel vouchers, dining discounts |
| American Express Platinum Card | ₹60,000 + GST | Unlimited domestic and international | 1 membership reward point for every ₹50 spent | 1 Membership reward point equals ₹0.50 | Luxury hotel benefits, concierge services, travel insurance |
Comparison
- HDFC Infinia Credit Card offers a higher annual fee but comes with unlimited golf games and extensive dining privileges, making it ideal for those who frequently dine out and play golf.
- SBI Card ELITE has a lower annual fee and provides benefits like complimentary movie tickets and club memberships, making it suitable for those seeking entertainment benefits.
- Axis Bank Magnus Credit Card provides higher reward points per spend and travel vouchers, which is beneficial for frequent travelers looking for luxury benefits.
- American Express Platinum Card comes with the highest annual fee but offers extensive luxury benefits including travel insurance, concierge services, and hotel benefits, making it perfect for those seeking an all-encompassing luxury experience.
Relevant Links
To help our readers navigate our website and find additional relevant content, here are some internal links you might find useful:
For more detailed information about Standard Chartered Bank credit cards and other financial products, you can visit the official Standard Chartered Bank website. Here are some relevant resources:
FAQ
Q: What is the annual fee for the StanChart Ultimate Credit Card?
A: The annual fee for the StanChart Ultimate Credit Card is ₹5,000 + GST.
Q: How can I earn reward points with the StanChart Ultimate Credit Card?
A: You can earn 5 reward points for every ₹150 spent on all categories.
Q: Does the StanChart Ultimate Credit Card offer lounge access?
A: Yes, the card offers 6 domestic lounge visits and 4 global lounge visits per year.
Q: What is the forex markup fee for international transactions?
A: The forex markup fee for international transactions is 2 % of the transaction amount.
Q: Are there any milestone benefits with the StanChart Ultimate Credit Card?
A: No, the card does not offer specific milestone benefits.
Standard Chartered Ultimate Credit Card Features & Benefits
Benefits of Standard Chartered Ultimate Credit Card. Learn about its rewards, features and benefits, lounge access. Perfect for luxury seekers!
Product Brand: Card Review
4.7
Pros
- Unlimited complimentary access to domestic and international airport lounges.
- High reward rate of 5 points for every ₹150 spent.
- Comprehensive travel insurance and concierge services.
- Complimentary access to select golf courses and exclusive golfing events.
- 5% cashback on duty-free transactions.
- Lowest forex markup fee of 2%.
Cons
- High annual fee of ₹5,000 + GST.
- Limited Voucher Options.
- No milestone benefits.
Standard Chartered Ultimate Credit Card Features & Benefits
Benefits of Standard Chartered Ultimate Credit Card. Learn about its rewards, features and benefits, lounge access. Perfect for luxury seekers!
Product Brand: Card Review
4.7
Pros
- Unlimited complimentary access to domestic and international airport lounges.
- High reward rate of 5 points for every ₹150 spent.
- Comprehensive travel insurance and concierge services.
- Complimentary access to select golf courses and exclusive golfing events.
- 5% cashback on duty-free transactions.
- Lowest forex markup fee of 2%.
Cons
- High annual fee of ₹5,000 + GST.
- Limited Voucher Options.
- No milestone benefits.
