Standard Chartered Manhattan Credit Card – Benefits, Fees & Eligibility

Standard Chartered Manhattan Credit Card

The Standard Chartered Manhattan Credit Card is a basic credit card designed to offer premier benefits and rewards to its cardholders. It provides an assured cashback of 5% on purchases at groceries, supermarkets, and departmental stores. For other expenditures, cardholders earn 3 Reward Points for every Rs. 150 spent. The card comes with a joining fee of Rs. 999 and a welcome bonus of 5,000 Reward Points. A nominal annual fee of Rs. 999 is also applicable, which can be waived based on the cardholder's total spend in the previous year.

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: 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• Cash Advance Charges: 3% of the amount withdrawn or Rs. 300, whichever is higher.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

Rewards Scheme (India)

• Earn 5% cashback on groceries, departmental stores, and supermarkets.
  • Maximum cashback allowed is Rs. 500 in a month.
  • Maximum cashback allowed is Rs. 150 per transaction.
  • This cashback is only applicable on a minimum transaction of Rs. 1000.
• Earn 3 Reward Points per Rs. 150 spent on all other purchases made with the card.
• Movie & Dining: Not applicable.
• Travel: Not applicable.
• Domestic Lounge Access: Not applicable.
• International Lounge Access: Not applicable.
• Golf: Not applicable.
• Insurance Benefits: Not applicable.

MANHATTAN Platinum Credit Card Offers (Hong Kong)

• AMC Pacific Place: Get 10% off regular-priced tickets at the cinema box office (Valid till 31 December 2019).
• Hotels.com: Enjoy up to 12% off hotel bookings at Hotels.com (Promo code is required, valid until 31 December 2019).
• General Rewards Scheme: Earn 0.5% CashBack or 1 bonus point upon $1 spend.
• Year Round Offers: Access to fabulous dining, shopping, and lifestyle privileges all year-round.

Rewards Redemption Guide

• The Reward Points earned are easily redeemable on the 360-degree Rewards portal.
• Points can be redeemed against various categories, including travel, lifestyle, electronics, home & family, charity, and many more.
• 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 cardholder: 21 years to 65 years.
  • Add-on cardholder: 18 years.
• Income: Applicant must have a stable income, whether salaried 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 a highly affordable and exclusive credit card, making it a great option for individuals looking for nominal fees combined with exciting cashback offers. It not only provides specific cashback benefits but also accrues Reward Points on other spending categories, offering a dual advantage. The card's welcome benefit of 5,000 bonus Reward Points ensures a strong start for new cardholders. Furthermore, the spend-based waiver for the annual fee adds to its value proposition. This card is particularly suited for those who prioritize maximizing savings on everyday purchases, especially groceries and departmental store shopping, and are looking for a card with rewarding offers and significant saving opportunities.

Important Product Details

• Welcome benefit of 5,000 bonus Reward Points.
• Receive 5% cashback on purchases at groceries, departmental stores, and supermarkets.
• Earn 3 Reward Points on every other purchase of Rs. 150.
• The renewal fee can be waived if you spend Rs. 1,20,000 or more in the preceding year.
• Easy Reward redemption process through the comprehensive 360-degree Rewards portal.

Other Details

• Credit Advisory: To borrow or not to borrow? Borrow only if you can repay!