Standard Chartered DigiSmart Credit Card – Benefits, Fees & Eligibility

Standard Chartered DigiSmart Credit Card

This credit card from Standard Chartered is designed for individuals who frequently engage in online shopping, dining, and travel. It primarily offers exclusive discounts and cashback on online transactions with various popular brands like Blinkit, Zomato, Myntra, Grofers, Yatra, and Ola. Instead of a traditional annual fee, the card charges a nominal monthly fee of INR 49 (plus GST), which can be waived based on your monthly spending. This card is particularly well-suited for millennials and those new to credit, providing a straightforward approach to savings on everyday online purchases.

Fees

• Joining Fee: INR 49 + GST (charged monthly).
• Renewal Fee: INR 49 + GST (charged monthly).
• Spend-Based Waiver: The monthly fee of INR 49 can be waived if you spend INR 5,000 or more in the previous calendar month. For example, if your January statement includes a card usage fee of INR 49, you need to spend INR 5,000 or more in February for the January fee to be reversed in your April credit card statement.
• Supplementary Card Fee: INR 49 per month, waived on monthly spends of INR 5,000 in the next calendar month of fee levied for the supplementary card.
• Rewards Redemption Fee: Not Applicable.
• Foreign Currency Markup: 3.5% of the conversion amount (plus applicable taxes) on all foreign currency transactions.
• Interest Rates: 1.99% per month (23.88% per annum) on the due amount.
• Fuel Surcharge: 1% fuel surcharge is applicable.
• Cash Advance Charges: 3% of the transaction amount, subject to a minimum charge of INR 300.
• Rental Payments Processing Fee: A processing fee of 1% (plus taxes) is applicable to all rental transactions (Merchant Category Code (MCC) 6513). This fee is over and above any charges applied by the merchant.
  • Effective Date: This processing fee is effective from April 02, 2023.
  • Levy Schedule: The processing fee will be levied by the 15th of the next calendar month and will have a separate narration in the monthly statement.

Rewards

• Online Groceries (Blinkit):
  • Get 10% off at Blinkit with no minimum spends.
  • Use promo code: DIGISMART.
  • Valid for 5 transactions per month, with a maximum discount of INR 1,000 per month.
• Food Orders (Zomato):
  • Get 10% discount on Zomato orders with no minimum spend.
  • Use promo code: DIGISMART.
  • Valid for 5 transactions per month, with a maximum discount of INR 150 per transaction.
• Movies (INOX):
  • Buy One Get One (BOGO) movie ticket free at INOX on Saturdays and Sundays.
  • Valid for 2 transactions per month, with a maximum discount of INR 200 per transaction.
  • No promo code required; simply checkout using your DigiSmart Credit Card.
• Online Shopping (Myntra):
  • Get 20% off on Myntra.
  • Maximum discount of INR 700 per transaction.
  • No minimum purchase amount required.
  • Applicable on 1 transaction per calendar month.
• Grocery Shopping (Grofers):
  • Get 10% discount on Grofers.
  • Maximum discount of INR 1,000 per month.
  • No minimum purchase amount required.
  • Applicable on 5 transactions per calendar month.
  • Use promo code: DIGISMART.
• Travel (Yatra.com):
  • Domestic Flights: 20% discount up to INR 750.
  • International Flights: 10% discount up to INR 10,000.
  • Domestic Hotel Bookings: 25% discount up to INR 4,000.
  • Use promo code: DIGISMART.
  • Valid for 1 transaction per quarter, per category.
• Cab Bookings (Ola):
  • Get 15% cashback on your Ola cab bookings.
  • Maximum cashback of INR 600 per month.
  • Applicable for all cab rides except Ola bike, auto, and pool rides.
  • No promo code required; simply checkout using your DigiSmart Credit Card.
• Fuel Benefits:
  • 1% fuel surcharge waiver.

Rewards Redemption Guide

• For Discounts and Cashback:
  • For offers on Blinkit, Zomato, and Yatra, use the promo code DIGISMART at checkout to avail of the discounts.
  • For offers on INOX and Ola, no promo code is required; simply checkout using your Standard Chartered DigiSmart Credit Card, and the benefit will be applied automatically.
• Note on Reward Points: This card primarily focuses on instant discounts and cashback. As per available information, this card does not offer reward points on spends.

Card Eligibility Criteria

• Age:
  • Applicant’s age should be between 21 and 65 years.
  • Minimum age for add-on (supplementary) cardholders is 18 years.
• Monthly Income:
  • Applicants should have a stable monthly income.
  • A minimum monthly income of INR 50,000 is required.
• Credit Score:
  • Applicants should have a decent credit score (750 or above).
• Other Requirements:
  • Applicants should belong to credit card sourcing cities/locations of Standard Chartered Bank.
  • All applications are subject to the bank's credit and other policy checks.

Documents Required

• Identity Proof (Any One):
  • Passport
  • Voter ID Card
  • Government ID
  • Aadhaar Card
  • Driving License
  • PAN Card
• Address Proof (Any One document 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)
  • Letter issued by the National Population Register containing details of name and address
  • Electricity/Telephone Bill
• Photograph:
  • 1 recent passport-sized photograph.
• Financial Documents for Salaried Applicants:
  • Latest one-month salary slip.
• Financial Documents for Self-Employed Applicants:
  • 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.

Card Review

The Standard Chartered DigiSmart Credit Card is positioned as a highly suitable option for individuals with a strong preference for online transactions, particularly millennials and those new to the credit card landscape. Its primary strength lies in offering direct cashback and discounts across popular online platforms for groceries, food delivery, fashion, travel, and ride-hailing services. The Buy One Get One movie ticket offer further enhances its value for entertainment.

A notable feature is its fee structure: instead of an annual fee, it charges a low monthly fee of INR 49 + GST, which is easily waivable with a modest monthly spend of INR 5,000. This makes it a very accessible and cost-effective card if managed well.

However, this card might not cater to high-end customers who anticipate premium rewards, extensive lounge access, or a robust points-based reward program, as it explicitly states that it does not offer traditional reward points. Its benefits are straightforward and transactional, focusing on immediate savings. For someone looking to build their credit history while enjoying tangible discounts on their regular online spends, the DigiSmart card presents a practical and valuable choice.

Important Product Details

• Up to 20% off on shopping with Myntra (max INR 700/transaction, 1 transaction/month).
• 10% discount on grocery shopping with Blinkit/Grofers (max INR 1,000/month, 5 transactions/month for Blinkit; max INR 1000/month, 5 transactions/month for Grofers).
• 10% off on Zomato food orders (max INR 150/transaction, 5 transactions/month).
• Buy 1 Get 1 free movie ticket at INOX on weekends (max INR 200/transaction, 2 transactions/month).
• Travel benefits on Yatra.com:
  • 20% off on domestic flights (up to INR 750).
  • 10% discount on international flights (up to INR 10,000).
  • Up to 25% off on domestic hotel bookings (up to INR 4,000).
  • (All Yatra offers valid for 1 transaction per category per quarter).
• 15% cashback on Ola cab bookings (max INR 600/month, excludes Ola bike, auto, and pool rides).
• Monthly membership fee of INR 49 + GST, waived on monthly spends of INR 5,000 in the previous calendar month.
• 1% fuel surcharge waiver.
• Foreign currency markup of 3.5%.
• Processing fee of 1% (plus taxes) on rental payments (MCC 6513), effective from April 02, 2023.

Other Details

• Card Network: The DigiSmart Credit Card is offered on the Visa Network.
• Application Process: Get instant approval on your application and complete your KYC online through a video.
• Virtual Card: A virtual DigiSmart Card is available, which is an online replication of the physical card with a unique card number, CVV, and expiry date. It can be used instantly from anywhere across the globe without the need for the physical card.
• Supplementary Cards: Family members can share the credit card benefits.
• Contactless Payments: The card offers contactless payment functionality for faster checkouts and secure transactions.
• Secure Online Transactions: Enhanced security for online transactions through 3D Secure OTP verification.
• Digital Payment Solutions: Enjoy a wide range of instant payment solutions like BharatQR, Bharat Bill Payment Solution (BBPS), and Samsung Pay.
• Online Banking and SC Mobile: Check your card balance and make convenient and instant card payments via online banking and Standard Chartered Mobile.
• Kuch Bhi on EMI: Convert big spends above INR 5,000 into easy EMIs with flexible tenures from 12 to 60 months, available through online banking or SC Mobile.
• 360° Rewards Program: You can easily redeem reward points against an online catalogue with the Standard Chartered 360° rewards program. However, note that the card primarily offers cashback and discounts and, as explicitly stated, does not offer reward points on spending.
• Dial-a-loan: Get a loan on your credit card of up to INR 5,00,000 with flexible tenures from 12 to 60 months.
• Balance Transfer: Transfer a card balance of up to INR 5,00,000 from other bank credit cards at attractive interest rates.
• Balance on EMI: Convert your entire outstanding balance (up to INR 5,00,000) into EMIs with zero processing fee.
• Existing SCB Customers: Existing Standard Chartered Bank credit card owners can also apply for the DigiSmart Card.