What goes around, comes around 4X times

Bonus reward points are applicable on achieving monthly retail spends of INR 20,000 and above in all categories, except Government and Insurance payments. A client can earn additional 4 reward points per INR 150* spent on Retail categories* for monthly spends above INR 20,000.

Fuel transactions are not eligible for reward points.

Cash withdrawal transactions are not eligible for reward points.

• 1 RP = INR 0.25 (for redemption from Rewards catalogue)
• 1 RP = INR 0.20 (for adjustment against Statement outstanding balance)

Yes, a minimum of 1000 Reward points is required to redeem.

There is no cap on the base reward points. However, the bonus reward points (i.e. on spends above INR 20,000) are capped at 2000 points.

Client can view his/her Reward Points on the 360 Rewards portal. To view, log in to Online Banking and proceed to the 360 Rewards portal or log in directly: https://retail.sc.com/in/rewards360/rewards_home/in

Reward points earned on transactions done using the Rewards Credit Card prior to the statement generation date will reflect on the same month’s statement and on the 360 Rewards portal. Bonus reward points earned for a statement cycle will be credited within 2-3 days from statement generation date.

Yes, there is a redemption fee of INR 99/- (Rupees Ninety-Nine Only) on redeeming reward points.

 Yes, clients can earn reward points on transactions converted into EMI.

The minimum transaction amount is INR 400. The maximum transaction amount is INR 2000. Fuel Surcharge Waiver amount is capped at INR 400 per month.

With the Rewards Credit Card, client can avail 1 complimentary domestic airport lounge visit per quarter.

Credit card transactions with Merchant Category Code (MCC) 6513, 7349 are covered under Rental Payments.

A Merchant Category Code (MCC) is a four-digit number assigned to a merchant/business by the merchant’s acquiring bank. These are defined by networks e.g. Visa, MasterCard.

A processing fee of 1% (plus taxes) would be applicable to all rental transactions. This fee will be over and above any charges applied by the merchant as communicated to the client at the time of transaction.

For example – If you pay INR 20,000 on a third-party rent payment platform using your Standard Chartered Bank Credit Card, 1% of transaction amount i.e. INR 200 plus taxes will be charged as a processing fee

Processing fee on rental payments will be effective from April 02, 2023.

The processing fee will be levied by 15^th of the next calendar month and will have a separate narration in the monthly statement.