A credit card is probably one of the best payment options for your day to day expenses. The purchases made online or offline using credit cards can come with a lot of cashback and other benefits. If you are new to the world of credit cards, the Standard Chartered Smart Credit Card is something that you should look at for its impressive features. Not only is a smart credit card easy to use for your payments, but is also safe to use and has an extra grace period for pay backs. These factors can ease you into using a credit card and your first experience of using it will be pleasant.
Here are some features that make a strong case in favour of using the Standard Chartered Smart Credit Card for your purchases:
1. Cashback facility
The cardholder can earn up to Rs 18,000 cashback in a year. In order to enjoy maximum benefits, you can manage both online and offline expenses through your Smart Credit Card. Here are a couple of points that you should know:
– On your online retail spends, you can get up to 2% flat cashback with a maximum cashback amount of Rs 1000/ per month.
– On your offline retail spends, you can get up to 1%* cashback (expect on fuel spends and cash withdrawals) With a maximum cashback of Rs 500/ per month.
2. Universal acceptance
Your debit cards might not be accepted everywhere (especially while paying online) and that can be a little frustrating. Also, while transferring money to someone in a different country, your debit card might not always work. However, Standard Chartered Smart Credit Card offers you to transact internationally without any difficulty.
3. Joining Benefits
If you apply for the Standard Chartered Smart Credit Card, you will be required to pay Rs 499 plus taxes. However, along with your new credit card, you can also get a Goqii Smart O2 watch on a single retail transaction of INR 1500 or more within 30 days of card issuance.
4. Subsequent Perks
The annual fee charged on your credit card will be reversed if your spends exceed Rs 1,20,000/ in a year. These spends should be on retail. If you use a Smart Credit Card for most of your spends throughout the year and your spends happen to touch Rs 1,20,000/, it ends up making your Smart Credit Card potentially free. Extended initial credit period
If you are planning to spend on something big, why not apply for the Standard Chartered Smart credit card and use the extended interest – free credit period for 90 days from credit card issuance. You can invest the money somewhere else, earn interest & pay back for the item you purchased. This is a win-win opportunity that comes rarely.
5. Kuch Bhi on EMI option
Typically, a certain proportion or flat fee is charged by credit cards for converting a payment to an EMI option. The good part is, Standard Chartered Smart card does not charge a conversion fee. You can convert your payment to EMI for the tenure of 3 months. This feature makes owning a smart card a wiser decision.
6. Add on card benefit
Your smart card can have add-on members. While keeping all the control, you can provide your family members with a supplementary card with NIL joining or Annual fee. This means, that while your family is shopping through this cashback credit card, you end up benefitting more. No Replacement Fee
Standard Chartered bank does not charge any fee if you ever need a replacement for your smart credit card due to theft or loss.
Eligibility criteria for Standard Chartered Smart Credit Card
1. The age of the primary applicant must be minimum of 18 years and a maximum of 65 years.
2. The supplementary cardholder should be at least 18 years old.
3. The applicant must have a stable income and submit proof of IT returns. The income should be in the acceptable range by the Standard Chartered Bank.
4. The applicant should belong to the credit sourcing city while applying for the smart credit card.
Once the applicant has submitted the necessary documentation for the application the card should be received at residence or work address post all verification.