Standard Chartered Platinum Rewards Credit Card Review
A near-free entry card built around an uncapped 5x reward rate on dining and fuel, approved instantly without income documentation for most applicants.
Quick facts
Both the joining fee and the annual renewal fee are easy to waive — spend ₹500 within 30 days of card issuance for the joining fee, and ₹60,000 in a card year for the renewal fee.
Fees and reward rates
Instant digital approval with no income documentation for most applicants; joining fee waived on ₹500 spend within 30 days.
| Charge | Amount |
|---|---|
| Joining fee | ₹250 + GST |
| Joining fee on ₹500 spend in 30 days | Waived |
| Annual/renewal fee | ₹250 + GST |
| Renewal fee on ₹60,000+ annual spend | 100% waived |
| Forex mark-up | 3.5% of transaction value |
| Interest rate | 3.75% per month (45% APR) |
| Spend category | Reward rate |
|---|---|
| Dining and fuel | 5 RP per ₹150, no monthly cap |
| All other categories | 1 RP per ₹150 |
What else you get
Up to 15% off at 850+ partner restaurants through EazyDiner under the Good Life programme
Discounts on shopping, travel and lifestyle brands under the Good Life programme
Dial-a-Loan access of up to ₹5 lakh on the card, repayable over 12–60 months
Convert outstanding balances into EMI with no processing fee
Eligibility
| Criteria | Requirement |
|---|---|
| Age | 21 to 65 years |
| Income (salaried) | Stable monthly income; many applicants are approved digitally without formal income proof |
| Income (self-employed) | Stable declared business income |
| Credit history | Reasonable credit history; entry-level card with relatively accessible approval |
| Residency | Resident Indian in a Standard Chartered credit card sourcing city |
Standard Chartered issues cards only in its credit-card sourcing cities and runs frequent promotional fee waivers — confirm current city availability and exact fee terms on the official Standard Chartered India website before applying.
Verdict
What works
- Joining and renewal fees are both realistically waivable, making this effectively a free card
- 5x rewards on dining and fuel with no monthly cap is rare at this price point
- Instant approval with minimal documentation suits first-time applicants
- Good Life dining and lifestyle discounts add ongoing value
What to watch for
- No airport lounge access
- Base reward rate outside dining/fuel is a modest 0.67%
- Forex mark-up of 3.5% is on the higher side for international use
- Lacks the milestone or travel benefits of Standard Chartered's higher-tier cards
FAQs
How do I get the Platinum Rewards joining fee waived?
Does Platinum Rewards have a cap on dining and fuel rewards?
Is there lounge access on the Platinum Rewards card?
Can I get the Platinum Rewards card without income documents?
Compare more Standard Chartered cards
See the full Standard Chartered India lineup on SearchLocally.in.