A credit card is a financial instrument provided by a bank or financial institution that enables cardholders to advance funds to pay for products and services. A credit card, if used correctly can help you earn significant rewards, bringing in significant savings. If you want to get through your Standard Chartered credit cards, you must use them wisely. When utilized wisely, the customer gains access to financing choices without any hidden costs or interest, enhanced fraud protection, and money-saving benefits such as cashback and incentives.
Let us discuss the benefits of Standard Chartered Credit cards so that you can make judicious and informed decisions and can compare the standard chartered credit cards range available:
- Easy EMI Conversions: One of the key benefits of Standard Chartered Credit Card is the fact that you can convert your purchases of Rs. 5000 or above into small and affordable monthly EMIs with minimal interest rates, only a 1% processing fee, and a tenure ranging from 6 months to 4 years depending upon the agreed terms and conditions.
- Cashback and rewards: Based on the properties of the credit card, there are indeed a variety of rewards available based on the amount you expend with it. For transactions made with a credit card, cashback and benefits in the form of air miles and loyalty points are frequently available. Some of the categorical offers are mentioned hereunder:
- Shopping Offers: Flat Rs. 150 discount on BigBasket, Up to 10% discount at Myntra, Up to 50% off at the home center, etc.
- Travel Offers: Up to 15% Instant Discount at MakeMyTrip.
- Cashback Rewards: Up to 20% Cashback on LG, Up to 10% Cashback on Oppo and Sony, Up to 20% cashback on Panasonic products, etc.
- Entertainment Offers: Up to 20% Instant discounts at Swiggy, Up to 20% Instant Discounts at Eazy Diner, etc.
- Balance Transfer facilities: With Standard Chartered Credit Cards, you can transfer the outstanding balances of other credit cards and save on interest payments. You have the liberty to transfer up to Rs.5 lakh at a 0.99% interest rate per month for the first 6 months.
- Personal Loan: You can avail of a loan of up to 7.5 lakhs with your Standard Chartered Credit Card. The key benefit here is that you can get the loan at a very minimal interest rate with little or no documentation.
- Interest-free grace period: The grace period is the length of time in between the conclusion of your billing cycle and the payment due date. Standard Chartered provides interest-free intervals of up to 18-23 days. To avoid paying interest, the usual guideline is to pay off the obligation in full (not simply the minimum payment) by the due date.
- Cost-effective and Pocket-friendly: The Standard Chartered Credit cards provide a wide range of cost-effective credit cards with minimal joining and renewal fees like the Standard Chartered Platinum Rewards Card with an annual fee of Rs. 250/- only. Apart from the joining and renewal fee, it also provides pocket-friendly interest rates and other charges like Finance Charges, Cash repayment fees, etc.
- Several Bill Payments options: You can easily pay your Standard Chartered Credit Card Payment dues as it provides several bill payments options, such as Phone Banking, Auto debt, Cheque and cash payment, NEFT, Bill desk, and Online banking, etc.
Additional Reading – How To Pick The Best Credit Card