In-depth review
Standard Chartered Platinum Rewards Credit Card
Standard Chartered's zero-fee entry card, and the version issued today is the 'instant' variant the bank confirms carries nil fees. It earns 5 points per ₹150 on dining and — unusually — on fuel, with no monthly cap, and a token 1 point per ₹150 elsewhere. At SC's own 25-paisa point value that's 0.83% and 0.17%. Thin, but free, and rewarding petrol at all makes it rare.
Read the full review →Key features
What this card is built to do — the highlights that actually matter.
0.83% on Dining
5 RP per ₹150 on dining (~0.83% at 25p), no monthly cap. Earn depends on the outlet's Visa merchant category code — outlets not registered under dining MCCs will not trigger the 5x.
0.83% on Fuel
5 RP per ₹150 on fuel (~0.83% at 25p), no monthly cap — unusual, as most cards exclude fuel from rewards entirely. Depends on the station's Visa merchant category code.
Lifetime Free
No annual fee — ever. Keep this card long-term without any recurring cost.
For someone who wants a no-cost card that quietly earns on petrol and restaurant bills, or a free second card to park fuel spend that a primary card refuses to reward.
Full reward structure
What you earn on every rupee, per spend category — as of 11 Oct 2026. Rates assume 1 pt = ₹0.25. How we value points →
| Category | Type | Rate | Monthly cap |
|---|---|---|---|
| Dining | reward points | 0.83%3.33 pts/₹100 × ₹0.25 | — |
| Fuel | reward points | 0.83%3.33 pts/₹100 × ₹0.25 | — |
| Other | reward points | 0.17%0.67 pts/₹100 × ₹0.25 | — |
Dining: 5 RP per ₹150 on dining (~0.83% at 25p), no monthly cap. Earn depends on the outlet's Visa merchant category code — outlets not registered under dining MCCs will not trigger the 5x.
Fuel: 5 RP per ₹150 on fuel (~0.83% at 25p), no monthly cap — unusual, as most cards exclude fuel from rewards entirely. Depends on the station's Visa merchant category code.
Other: 1 RP per ₹150 on all categories other than dining and fuel (~0.17% at 25p)
Fees & charges
The numbers that matter beyond rewards — verify on the issuer site before applying. Fees below are shown inclusive of 18% GST, as of 11 Oct 2026.
| Charge | Amount |
|---|---|
| Annual fee (incl. 18% GST) | Lifetime free |
| Joining fee (incl. 18% GST) | Free |
| Finance charge (APR) | 1.99% p.m. |
| Forex markup | 3.5% |
Should you get it?
- Best for: Drivers wanting a free card that actually rewards petrol, Frequent diners looking for a no-cost second card, First-time applicants who want to start without a fee
- Entry tier — great for first-time and lower-spend users.
- Strongest value if you spend heavily on Dining (0.83% back).
Pros & cons
✓ Pros
- Genuinely zero joining and annual fee on the currently-issued variant
- 5x on fuel with no monthly cap — a category most cards refuse to reward
- 5x on dining with no monthly cap
- Low ₹20,000 monthly income bar
- Nothing to justify — a free card cannot fail to earn its fee
✕ Cons
- Base earn outside dining and fuel is a token 0.17% at SC's 25-paisa point value
- No lounge access, no welcome offer and no milestone benefits
- A one-time ₹250 + GST fee applies if you make no transaction of ₹500 or more within 30 days of set-up
- The zero-fee offer applies to applications submitted through the digital channel, and not to existing SC cardholders
- The 5x depends on the merchant's Visa category code, so some fuel pumps and restaurants will not trigger it
Eligibility & documents
This is the figure for salaried applicants. Where Standard Chartered sets a separate one for the self-employed, its own eligibility page gives it.
Documents required
- 📄PAN card
- 📄Identity proof — passport, voter ID or government photo ID
- 📄Address proof — Aadhaar, passport, driving licence or voter ID
- 📄Latest one month salary slip (salaried) or latest ITR / certified financials (self-employed)
- 📄Recent passport-size photograph
How to redeem rewards
Ways to convert what you earn into real value.
- 🎁360 Rewards catalogue — vouchers, gift cards and products
What your Standard Chartered Reward Points are worth
Realistic value per point by redemption route — the difference is what most people leave on the table.
Standard redemption
Brand & e-gift vouchers
The earn rate is thin — 0.17% outside dining and fuel — and there is no lounge access and no welcome offer on the zero-fee instant variant.
Frequently asked questions
What does the Platinum Rewards card earn?
Is the Platinum Rewards card really free?
Does it earn rewards on fuel?
Does it include lounge access or a welcome offer?
What is the eligibility?
What interest rate applies to the Platinum Rewards?
How has the Standard Chartered Platinum Rewards Credit Card changed over time?
Has the Standard Chartered Platinum Rewards Credit Card been devalued recently?
When did the Standard Chartered Platinum Rewards Credit Card's fees last change?
The bottom line
A free card that earns on fuel is rarer than it should be, and that is the whole case for the Platinum Rewards. Nothing here is generous — 0.83% on dining and fuel, 0.17% on everything else at SC's 25-paisa point value — but nothing here costs anything either, and the 5x has no monthly cap. Treat it as a free fuel-and-dining sidecar rather than a primary card and it does its narrow job. Just make the first transaction quickly: a one-time ₹250 + GST fee applies if no transaction of ₹500 or more is made within 30 days of card set-up.
How this page was built
Counted from this card’s own record: 3 earn rules.
Last updated 11 Oct 2026.
Sources & verification
Fees, reward rates, and benefits for the Standard Chartered Platinum Rewards Credit Card are taken from Standard Chartered's official Most Important Terms & Conditions (MITC) and fee schedule — see the card's official page. Last updated 11 Oct 2026. Reviewed by Devchandra Sah. Always confirm current details on the issuer's site before applying. How we research →
Independence. CardAdvisor is an independent editorial publication. We are not affiliated with, endorsed by, sponsored by, or authorised to act for Standard Chartered. All issuer names, product names, and payment-network marks are the property of their respective owners and appear here for identification and comparison only. Card faces shown on this site are our own original illustrations — we do not display or host issuer card artwork or logos.
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Guides and reviews related to this card.
Standard Chartered Platinum Rewards Credit Card
Standard Chartered's zero-fee entry card, and the version issued today is the 'instant' variant the bank confirms carries nil fees. It earns 5 points per ₹150 on dining and — unusually — on fuel, with no monthly cap, and a token 1 point per ₹150 elsewhere. At SC's own 25-paisa point value that's 0.83% and 0.17%. Thin, but free, and rewarding petrol at all makes it rare.
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Value timeline
Every real-world change to this card's rewards, fees and benefits we've tracked — newest first, each linked to its source.
Tracking since 2021 · last change Apr 2023
2023
- ▼ FeeEffective 2 Apr 2023
1% processing fee on rent payments
No processing fee on rent paid via the card→1% fee on every rental transaction
Standard Chartered began levying a 1% processing fee on all rent and rental payments made through its credit cards from 2 April 2023. This is a bank-wide change that applies to the Platinum Rewards, which was already in market well before that date, so anyone routing rent through the card now pays 1% on each such transaction.
Verification: CardAdvisor Research · Confidence: Reconstructed
Each change links to the issuer's own document — bank T&C, MITC, notice, press release or product page — where one is public. Where the bank published nothing, it's marked CardAdvisor Research and verified against the card's current terms. Independent of the live terms shown above. This timeline is one card's slice of our market-wide change record across every tracked card.
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Source: <a href="https://cardadvisor.in/cards/sc-platinum-rewards#value-timeline">Standard Chartered Platinum Rewards Credit Card value timeline</a>, CardAdvisor (CC BY 4.0).
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