Standard Chartered EaseMyTrip Credit Card – Benefits, Fees & Eligibility

Introduction

The Standard Chartered EaseMyTrip Credit Card, issued by Standard Chartered Bank, is a co-branded travel credit card designed for individuals who frequently book travel, particularly through the EaseMyTrip platform. It positions itself as an ideal card for travelers, offering significant discounts on hotel and flight bookings, accelerated rewards on travel-related spends, and complimentary domestic lounge access to enhance the travel experience.

Welcome Benefits

• No specific welcome benefits are mentioned for this card.

Fees

• Joining Fee: ₹350 + GST
• Renewal Fee: ₹350 + GST (from the second year onwards)
• Spend-Based Waiver: The annual renewal fee will be waived off on spends of ₹50,000 or more in the preceding year.
• Rewards Redemption Fee: ₹99
• Foreign Currency Markup: 3.5% of the transaction amount
• Interest Rates: 3.75% per month
• Fuel Surcharge: A 1% fuel surcharge is applicable on all authorized fuel purchases (no waiver).
• Cash Advance Charges: 3% of the withdrawn cash amount or ₹300, whichever is higher.

Rewards

• Travel Discounts (Assured discounts on all travel bookings at EaseMyTrip website/app using promo code "EMTSCB")

  • Flat 20% instant discount on domestic hotel bookings (Maximum discount of ₹5,000).
  • Flat 20% instant discount on international hotel bookings (Maximum discount of ₹10,000).
  • Flat 10% off on domestic flight bookings (Maximum discount of ₹1,000).
  • Flat 10% off on international flight bookings (Maximum discount of ₹5,000).
  • ₹125 off on bus ticket bookings (On a minimum ticket booking of ₹500).

• Reward Points

  • Earn 10x reward points on every ₹100 spent for booking tickets at standalone hotel and airline websites/apps/outlets.
  • Earn 2x reward points for every ₹100 spent on all other categories of retail spends.
  • No reward points are earned on cash withdrawals, card fees, and charges.

• Lounge Access

  • Enjoy 2 complimentary domestic lounge accesses per calendar year.
  • Complimentary access to international lounges (both within and outside India) has been discontinued with effect from 15 October 2024.

• Reward Point Value

  • The monetary value of 1 Reward Point is ₹0.25.
  • The monetary value of 2 Reward Points is ₹0.50.

• Reward Point Validity

  • Reward Points are valid for 2 years from the accumulation date.

Rewards Redemption Guide

• Reward points can be easily redeemed against a new online catalogue of products, gift vouchers, or services available through the Standard Chartered 360° Rewards portal.

Card Eligibility Criteria

• Eligibility Rules

  • Applicant’s age should be between 18 and 65 years.
  • Minimum age for an add-on cardholder is 18 years.
  • Applicants should have a stable monthly income.
  • Applicants should belong to credit card sourcing cities/locations of the Bank.
  • All applications are subject to credit and other policy checks of the Bank.

• Documents Required

  • Identity Proof (Any One of the following Photo cards): Passport, Voter ID Card, Govt ID, etc.
  • PAN Card.
  • Address Proof (Any One of the following documents 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, The letter issued by the National Population Register containing details of name, address.
  • Photograph: 1 recent passport-sized photograph.
  • Financial documents for salaried: Latest one month salary slip.
  • Financial documents for self-employed businessmen: Latest IT Returns with computation of income /Certified Financials, Last Business Continuity proof.
  • Financial documents for self-employed professionals: Latest IT Returns, Business Continuity proof.

Card Review

• Overall Verdict: The Standard Chartered EaseMyTrip Credit Card is a highly beneficial option for individuals who frequently travel, especially domestically, and prefer booking through the EaseMyTrip platform. It offers substantial savings through direct discounts and accelerated rewards on travel-related expenses.
• Who Should Apply: This card is best suited for frequent domestic travelers who can leverage the exclusive discounts on EaseMyTrip for flights, hotels, and bus bookings. It's also good for those seeking a card with a low annual fee that can be easily waived.
• Pros:
  • High instant discounts on domestic and international hotel and flight bookings via EaseMyTrip.
  • Excellent accelerated reward rate of 10x on standalone hotel and airline spends.
  • Complimentary domestic airport lounge access (2 per year).
  • The annual fee is easily waivable with a reasonable spend of ₹50,000 in the previous year.
  • Decent base reward rate of 2x on all other retail purchases.
  • Offers additional features like EMI conversion, balance transfer, and loans on the card.
• Cons:
  • International lounge access has been discontinued from October 15, 2024.
  • No fuel surcharge waiver.
  • A rewards redemption fee of ₹99 is applicable.
  • A foreign currency markup of 3.5% applies to international transactions.

Important Product Details

• The Standard Chartered EaseMyTrip Credit Card is a co-branded travel card offered on the Visa Network.
• Cardholders receive flat 20% instant discounts on domestic and international hotel bookings (max ₹5,000 and ₹10,000 respectively) via EaseMyTrip.
• Cardholders receive flat 10% instant discounts on domestic and international flight bookings (max ₹1,000 and ₹5,000 respectively) via EaseMyTrip.
• A flat ₹125 discount is available on bus ticket bookings of ₹500 or more via EaseMyTrip.
• Earn 10x Reward Points on ticket bookings at standalone hotels, airline websites, apps, or outlets.
• Earn 2x Reward Points on every ₹100 spent on all other retail purchases.
• Enjoy 2 complimentary domestic lounge accesses per year.
• The annual fee is waived on spending ₹50,000 or more in the previous year.
• The card offers Zero Liability Protection against a lost or stolen card.
• It is a Contactless Credit Card, enabling faster checkouts and secure payments.
• Enhanced security for online transactions is provided through 3D secure OTP Verification.
• Digital Payment Solutions such as BharatQR, Bharat Bill Payment Solution (BBPS), and Samsung Secure Pay are available.
• The "Kuch Bhi on EMI" option allows conversion of spends above ₹2,000 into easy EMIs with attractive pricing and flexible tenure options.
• A "Dial-a-loan" facility provides loans up to ₹5,00,000 on the credit card with flexible tenures from 12 to 60 months.
• A "Balance Transfer" option allows transferring card balances from other bank credit cards up to ₹5,00,000 at attractive interest rates.
• The "Balance EMI" feature allows converting the entire outstanding amount (up to ₹5,00,000) into EMIs with zero processing fees.
• Complimentary international lounge access has been discontinued from October 15, 2024.
• A 1% fuel surcharge is applicable on all authorized fuel purchases.
• A Rewards Redemption Fee of ₹99 is charged.
• A Foreign Currency Markup of 3.5% applies to international transactions.

Other Details

• Supplementary Credit Cards can be issued to family members to extend benefits.
• The application process for the Standard Chartered EaseMyTrip Credit Card can be completed online or offline by visiting a Standard Chartered branch.
• Based on an assumed annual spend of ₹500,000 (with 20% on select merchant categories) and specific travel patterns, the total yearly benefits on this card are estimated to be ₹32,075.
• Comprehensive Credit Card Terms and Conditions, Client Terms and Conditions, and Standard Chartered EaseMyTrip Credit Card Terms and Conditions are available for detailed reference.