Eligible spend
5 points per ₹150 on eligible spend
STANDARD CHARTERED MASTERCARD
Ultimate
Should you get this?
Conditional fit
Why this card
- Forex markup is low at 2%.
- 4 per quarter domestic + 1 per month international.
- You spend in the card's stronger reward categories.
Trade-off
Welcome benefit details not verified
Annual fee ₹5,000 per year
Rewards 5 pts / ₹150
Lounge access 4 domestic (4 per quarter) + 1 intl (1 per month)
Forex markup 2% low
Compare with IDFC FIRST Bank Mayura →
Similar tier comparison
Rewards
Earning rules
Detail · from the summary aboveScopeRateEligibilityLimit
General spend5 pts / ₹150Credited as reward pointsDoes not earn on Not stated
- fuel
Government services3 pts / ₹150Credited as reward pointsNot stated
Insurance3 pts / ₹150Credited as reward pointsNot stated
Rent3 pts / ₹150Credited as reward pointsNot stated
Show all 7 earning rules (3 more)
Education3 pts / ₹150Credited as reward pointsNot stated
Groceries3 pts / ₹150Credited as reward pointsNot stated
Utilities3 pts / ₹150Credited as reward pointsNot stated
Redemption value
What a Reward Point is worth
- Catalogue₹1 / pt
₹99 redemption fee
When does this card pay for itself?
Rewards break-even estimate ₹1.5L
Conservative yearly spend needed at the ₹1-per-point ranking floor.
Reward reality — the earning-rate detail behind the numbers above
Reward reality
Conclusion · what you actually getVerified value
₹1 per point
Catalogue
No reward on
- Fuel
Realisation
Credited as reward points
Reported reward terms
Evidence · not used in rates or comparisonsReported category terms
- Utilities
- 3 points per ₹150Domestic & international
Reported by secondary sources · verify with issuer1 other source
Evidence only · excluded from decisions
Costs & fees
Spending requirements
Spend gates · caps · milestone thresholdsRequirementAmountPeriodUnlocks
International lounge spend gate₹20,000monthLounge eligibility
Watch outs
Before choosing this card- Annual fee is ₹5,000, so value depends on actual usage.
Estimated usage
Example usage at this monthly spend
₹
- At this monthly spend, you'd earn: Based on the standard earn rate (5 pts / ₹150). Up to ~1,670 pts/month if the entire spend qualifies. Excluded transactions and category rules earn less. Partner bonuses aren't included.
- Worth ~₹1,670 at the conservative redemption floor
- Annual-fee waiver not offered by issuer
- Forex cost ~₹1,000 per ₹50k international spend
Illustrative only, using current base rates and snapshot data.
Benefits & charges
Side-by-side factsBenefits
Lounge Access
- Domestic (cardholder)
- 4 per quarter — via Standard Chartered Bank India lounge programme · verified 31 Aug 2026
- International (cardholder)
- 1 per month Requires Priority Pass card · Condition: ₹20,000 spend in the previous month (unlocks the following month)
Issuer documented · corroborating sources · verify issuer terms before applying
Where to verify
- Standard Chartered Official Ultimate Card
- Issuer site (verify current terms) , opens external site
- Operator-verified anchor
- PaisaBazaar
- BankBazaar
Rewards
- Base earn
- 5 points per ₹150 value depends on redemption
- Effective return (honest floor)
- ~3.333% base (conservative redemption) · verified 7 Jul 2026 Conservative redemption floor; best documented path is not ranked on.
- Headline point value
- ₹1.00 per Reward Point (Catalogue) · verified 7 Jul 2026 Operator-verified headline rate — full channel grid in Redemption value.
Fees & charges
Fees
- Monthly interest rate
- 3.75% / month
- Annual fee
- ₹5,000
- Joining fee
- ₹5,000 · verified 7 Jul 2026
- Annual-fee waiver
- Not offered
- Interest-free period
- Up to 48 days
International Use
- Forex markup
- 2%
Issuer documented · corroborating sources · verify issuer terms before applying
Where to verify
- Standard Chartered Official Ultimate Card
- CardInsider
- PaisaBazaar
- BankBazaar
- Issuer site (verify current terms) , opens external site
- Operator-verified anchor
- Product tier
- Premium
Travel & perks
Fuel Benefits
At the pumpNo verified fuel benefit available.
Fine print & compare
Compare with similar cards
Similar tier · similar benefitsThe fine print
Caps · exclusions · earning · redemption · last refreshExclusions
These spends do not earn reward points.
Financial
- Fuel
Redemption & expiry
- Voucher redemption: ₹99 redemption fee per redemption
Latest update
- Annual fee: ₹5,000.
- Forex markup currently listed at 2%.
- 4 per quarter domestic lounge · 1 per month international.
Common questions
From verified card factsIs this good for lounge access?
4 per quarter domestic + 1 per month international. Check current spend criteria, guest rules, visit caps, and airport acceptance before relying on it.
Is this good for international spends?
Forex markup is 2%, which can be useful for international spends if the annual fee and usage pattern still make sense.
Is the annual fee easy to recover?
₹5,000 every year. The issuer does not offer an annual-fee waiver.
When do welcome benefits arrive?
Legacy data contains a possible welcome-benefit signal, but the benefit item, qualification, and fulfilment are not verified. Check the issuer welcome email, MITC, and current offer page before relying on it.
Learn more
Guides matched to this card — not a random syllabus.
- Forex markup bands
0% vs 3.5% — which cards publish what - How reward rate works
Pts / ₹100 without the marketing fog - Welcome benefits
Free isn’t free if you miss the milestone