Also Good Lifestyle Credit Card
Standard Chartered Ultimate
- Joining Fee
- ₹ 10,000
- Annual Fee
- ₹ 5,000
- Joining Bonus
- makemytrip cashback up to ₹ 10,000
What we like
- Great spend-to-rewards ratio across all categories
- Lower currency conversion fees (2%) on international spends. 5% cashback on duty-free purchases
- Versatile Reward Points can be seamlessly used to convert to miles, shop or get cashback credited
What we don't
- Processing fee of ₹ 99 everytime you redeem can be annoying for a card in this category
- Rewards redemption is not as user-friendly as the HDFC cards
In a tweet
Unlimited access to international lounges, lower foreign currency markup, cashback on duty free purchases make the Standard Chartered Ultimate card ideal for frequent premium international travellers. The reward points system while not the best around, still means it works for non-travel purchases as well.
More about this card
One of the few cards offering forex markup charge of 2%, down from the typical 3.50% charge levied by most cards. For a frequent international traveller, the difference of 150 basis points adds up. The reduction is in the form of a 1.5% cashback, also there is no mention of a limit to the cashback.
Add to that 5% cashback on all duty-free spends, although with a maximum cashback of ₹1,000 / month, think chocolates and the odd liquor bottle and not high-end consumer electronics from duty free.
Premium Dining as a sweetener
Book a meal through the the concierge and get up to 25% off on the bill through the SCB Dineout program. The list of eligible restaurants includes the usual suspects like the Taj Vivanta, Holiday Inn, Crowne Plaza, Ritz, Marriott brands, Shangri La, The Lalit among others.
Rewards redemption reasonable but not the best
The Standard Chartered 360 Rewards is good on paper with opportunities to redeem against a catalogue that includes online shopping vouchers or as cashback. However, the process to redeem has a few too many constraints and hoops that cost this card in our review.