• The customer’s credit limit is calculated, on credit card application, based on real time credit checks conducted by the bank
•  The criteria that influences credit limits can include credit score, payment history, age of credit accounts, number of lines of credit, income of the applicant and outstanding debt

The monthly interest rate is recalculated as an annual rate, to arrive at the Annualized Percentage Rate (APR).

• The monthly interest rate of 3.75%pm for all credit cards is annualized to arrive at an APR of 45%.
• Cash transactions also generally attract an interest rate of 3.75% pm which translates into an APR of 45%.

Once you buy a credit card from Standard Chartered, the minimum amount due every month shall be the higher of the following two :

a) 5% of statement outstanding or
b) Sum total of all installments billed, interest, fees, other charges, amount that is over limit and 1% of the principal or INR 250

Your credit card outstanding is the sum total of all expenses paid via your credit card during a billing cycle. This amount also includes the interest accumulated and all charges levied.
You can access your credit card outstanding by simply checking your account summary at the online Standard Chartered Home page. Standard Chartered also ensures that you receive a monthly email statement with information regarding your outstanding amount, the due date of payment and also an account of any unbilled charges or credit incurred post issuing the bill.
In case of queries about the same, you can always contact us at our Helpline, based on your location or avail our Phone banking services at https://www.sc.com/in/contact-us/ and we will be happy to assist you.

Yes, you can apply for an add-on card. There will not be a separate credit limit for add-on cards; the limit on all cards and for the add-on is a combined amount.

Yes, since all overseas transactions are levied with a 3.5% transaction fee. However, for our Ultimate credit card users, there is a reduced Forex mark-up of 2%.

A grace period is an interest free period for you to pay your credit card balance in full without any interest rate charges. Do keep in mind that the grace period is calculated based on your billing cycle and not from the date of the transaction.

Once you have completed your SC online credit card application, you can check your application status anytime at https://apply.standardchartered.co.in/application-status. You will be asked to fill in your application number and your mobile number. After entering these details you will be redirected to a page that will show your application status.

A cash limit is the amount within your credit card limit that can be used for withdrawal. This amount is subject to interest charges as well as a cash withdrawal fee. You can discover your cash limit by simply logging into your online banking account and clicking on the card details option. An another alternative is to log in to SC Mobile and select your card, following which you will be able to view your card details and cash limit.

Both credit cards and debit cards are effective and convenient ways to make payments, however a few fundamental differences set these two apart.

• Credit cards allow you to borrow cash from the card issuer. A debit card, on the other hand, allows you to only withdraw cash from your own savings or current account with the bank.
•  In the case of a credit card, you are required to return the borrowed amount within the stipulated time to avoid incurring interest charges. The amount withdrawn from debit cards does not have to be repaid to the bank.
•  With a credit card, your expenditure is not affected by the size of your savings account. This is especially useful when faced with a cash emergency. A debit card however can only let you spend as much as your savings account permits.

VKYC, or simply Video KYC, is a feature that allows you to complete your KYC through a video from the comfort of your home while applying online for a Standard Chartered credit card, personal loan, or savings account. With this feature, our application process becomes even simpler and completely contactless. Click here to learn more.

•  Identity Proof (Any One of the following Photo cards): Passport, Voter Id Card, Govt ID, etc..
  PAN Card
•  Address Proof (Any One of the following documents with current residence address): Aadhaar Card, Passport, Driving License, Election/Voter’s ID Card, Job card issued by NREGA duly signed by an officer of the State Government, The letter issued by the National Population Register containing details of name, address.
• 1 recent passport-sized Photograph
• Financial documents for salaried
•  Latest one month salary slip
• Financial documents for self employed
•  Self Employed Businessmen: Latest IT Returns with computation of income /Certified Financials, Last Business Continuity proof.
• Self Employed Professionals: Latest IT Returns, Business Continuity proof.