Standard Chartered Manhattan Credit Card – Benefits, Fees & Eligibility

Introduction

The Standard Chartered Manhattan Credit Card is a basic and affordable credit card offered by Standard Chartered Bank, designed to provide cardholders with premier benefits and rewards. Its top differentiating benefits include an assured 5% cashback on groceries, supermarkets, and departmental stores, along with 3 reward points for every Rs. 150 spent on other purchases. Cardholders are also welcomed with a bonus of 5,000 Reward Points upon joining.

Welcome Benefits

• Get 5,000 Bonus Reward Points upon successfully settling the joining fee of the card.

Fees

• Joining Fee: Rs. 999 + GST
• Renewal Fee: Rs. 999 + GST
• Spend-Based Waiver: The renewal fee can be waived if you spend Rs. 1,20,000 or more in the preceding year.
• Rewards Redemption Fee: Rs. 99 per redemption request.
• Foreign Currency Markup: 3.5% on all overseas transactions.
• Interest Rates: 3.75% per month (equivalent to 45% per annum).
• Fuel Surcharge: A 1% fuel surcharge is applicable on all fuel transactions, subject to a minimum of Rs. 10.
• Cash Advance Charges: 3% of the amount withdrawn or Rs. 300, whichever is higher.

Rewards

• Cashback:
  • Earn 5% cashback on spends at groceries, departmental stores, and supermarkets.
  • Maximum cashback is Rs. 500 in a month and Rs. 150 per transaction.
  • This cashback is applicable only on a minimum transaction of Rs. 1000.
• Reward Points:
  • Earn 3 Reward Points per Rs. 150 spent on all other purchases.
• Specific Offers (Potentially Region-Specific and Expired):
  • AMC Pacific Place: 10% off regular-priced tickets at cinema box office (Valid till 31 December 2019).
  • Hotels.com: Up to 12% off hotel bookings (Promo code required, valid until 31 December 2019).
• Year-Round Offers: Access to fabulous dining, shopping, and lifestyle privileges all year-round.
• Other Categories:
  • Movies & Dining: Not applicable for specific benefits.
  • Travel: Not applicable for specific benefits.
  • Domestic Lounge Access: Not applicable.
  • International Lounge Access: Not applicable.
  • Golf: Not applicable.
  • Insurance Benefits: Not applicable.

Rewards Redemption Guide

• The earned Reward Points are easily redeemable on the 360-degree Rewards portal.
• Reward Points can be redeemed against various categories such as travel, lifestyle, electronics, home & family, and charity.
• The value of 1 Reward Point is Rs. 0.25.
• A minimum of 500 Reward Points is required for redemption.

Card Eligibility Criteria

• Age:
  • Primary applicant: 21 years to 65 years.
  • Add-on cardholder: 18 years.
• Income: Must have a stable income, either as a salaried individual or self-employed.
• Credit Score: A decent credit score of 750 or above is generally required.

Documents Required

• Identity Proof: Voters card, passport, Aadhar card, driving license, PAN card.
• Address Proof: Voter card, electricity or telephone bill, Aadhar Card, driving license, passport.
• Income Proof: Latest audited ITR or Salary Slips.

Card Review

The Standard Chartered Manhattan Credit Card is an excellent choice for individuals seeking a credit card with a nominal fee structure and attractive cashback offers. It provides significant savings through its 5% cashback on essential categories like groceries and supermarkets, complemented by a reward points system for other expenditures. The card also offers a generous welcome benefit of 5,000 Reward Points, providing a great start for new cardholders. A key advantage is the spend-based waiver for the annual renewal fee, making it more cost-effective for active users. Overall, it's a valuable card for those looking for exciting reward opportunities and substantial savings.

Important Product Details

• Welcome benefit of 5,000 bonus Reward Points.
• Earn 5% cashback on groceries, departmental stores, and supermarkets.
• Get 3 Reward Points on every other purchase of Rs. 150.
• Renewal fee waiver available on spending Rs. 1,20,000 or more in the preceding year.
• Easy Reward redemption process through the 360-degree Rewards portal.

Other Details

• How to Apply:
  • Offline: Visit the nearest Standard Chartered Bank branch and fill out the application form.
  • Online: Apply through the bank's website by clicking on the "Apply Now" option and following the instructions.
• General Disclaimers: The bank provides hyperlinks to third-party websites for convenience, but does not endorse or control their content, and users proceed at their own risk.
• Terms and Conditions: Specific terms and conditions apply for points redemption and the CashBack scheme.
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