Standard Chartered Super Value Titanium Credit Card – Benefits, Fees & Eligibility

Super Value Titanium Credit Card

Introduction

The Super Value Titanium Credit Card from Standard Chartered Bank offers a rewarding experience with exciting cashback and reward benefits on everyday spending. It provides a significant 5% cashback on essential categories like fuel, telephone bills, and utility bills, alongside 1 reward point for every ₹150 spent on all other transactions. This card is particularly advantageous for Premium Banking Customers, who receive it with no annual fees and enjoy additional travel perks.

Welcome Benefits

• Receive 100% cashback, up to ₹1,500, on all fuel purchases made within the first 90 days after card issuance.

Fees

• Joining Fee: INR 750 + GST.
• Renewal Fee: INR 750 + GST from the second year onwards.
• Spend-Based Waiver: The renewal fee of INR 750 is waived if you spend INR 90,000 or more in the preceding year. This waiver is also applicable for the annual fee reversal on meeting INR 90,000 spends as per the value chart.
• Rewards Redemption Fee: INR 99 per redemption request.
• Foreign Currency Markup: 3.5% transaction fee on all overseas transactions.
• Interest Rates:
  • As per one section, 3.49% per month (41.88% per annum).
  • As per another section, 1.99% per month (23.88% per annum).
• Fuel Surcharge: The 1% fuel surcharge waiver on this credit card has been discontinued, effective August 25, 2024.
• Cash Advance Charges: 3% of the transaction amount, subject to a minimum of INR 300.
• Rental Payments Processing Fee: A processing fee of 1% (plus applicable taxes) is levied on all rental transactions. This fee is in addition to any charges applied by the merchant. It is effective from April 2, 2023, and will be levied by the 15th of the next calendar month, appearing as a separate narration in the monthly statement.

Rewards

• Fuel Cashback:
  • Earn 5% cashback on fuel spends at all fuel stations.
  • Maximum cashback is capped at INR 200 per month.
  • Maximum cashback of INR 100 per transaction.
  • Applicable for transactions of INR 2,000 or below.
  • Effective August 25, 2024, the existing 4% cashback on fuel was increased to 5%.
• Telephone Bill Cashback:
  • Get 5% cashback on telephone bills, including SIM card recharges.
  • Applicable for transaction amounts above INR 750.
  • Maximum cashback of INR 100 per transaction.
  • Maximum cashback of INR 200 per month.
• Utility Bill Cashback:
  • Receive 5% cashback on paying for your utility bills (including Electricity, Water, and Gas).
  • Applicable for minimum transaction amounts of INR 750.
  • Maximum cashback of INR 100 per transaction.
  • Maximum cashback of INR 100 per month.
• Total Cashback Cap: The total cashback across fuel, telephone bills, and utility bills is capped at ₹500 per month.
• Rewards on Other Spends:
  • For every INR 150 spent on all other eligible expenses using your credit card, you earn 1 reward point.
• Travel Benefits:
  • Premium Banking Customers receive a complimentary Super Value Titanium credit card.
  • Premium Banking Customers also get a complimentary Priority Pass membership, making them eligible for 1 complimentary international lounge access (outside India) per month.
  • Eligibility for international lounge access requires Priority Pass FUM (Funds Under Management) qualification of INR 15 lakhs at an individual account level or a monthly salary credit of INR 1.5 lakhs or above, based on Premium Banking programme qualification criteria.
  • There is no domestic lounge access benefit on this credit card.
• Movie & Dining: Enjoy exclusive discounts and offers through the Standard Chartered Good Life programme.
• Supplementary Credit Cards: Avail a lifetime free supplementary credit card for your loved ones, extending the card's benefits. The supplementary card will share the credit limit of the primary card.

Rewards Redemption Guide

• Redeem reward points through the Standard Chartered 360° Rewards program catalogue for vouchers, discounts, and other offers.
• 1 Reward Point is equivalent to Re. 0.25.
• A minimum of 500 reward points is required to place a redemption request. Reward points are redeemable only against products, vouchers, or services featured in the 360 Rewards catalogue.
• Effective May 1, 2024, a minimum cashback balance of ₹1,000 is required for cashback redemption requests. Cashback values less than this amount cannot be redeemed. Additionally, cashback can only be redeemed in multiples of ₹500 (e.g., ₹1,500, ₹2,000).
• Fuel cashback is credited to the R360 portal (effective August 25, 2024).

Card Eligibility Criteria

• Age:
  • Primary applicant’s age should be between 21 and 65 years.
  • Minimum age for an add-on cardholder is 18 years.
• Monthly Income: Applicants should have a stable monthly income, with a minimum requirement of INR 55,000.
• Other Requirements:
  • Applicants should reside in cities/locations where the Bank provides credit card sourcing services.
  • All applications are subject to the Bank's credit and other policy checks.
  • Applicants should have a decent credit history.

Documents Required

• Identity Proof (Any One of the following Photo cards): Passport, Voter ID Card, Government ID.
• 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 and address.
• Photograph: 1 recent passport-sized photograph.
• Financial Documents for Salaried Individuals: 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

The Standard Chartered Super Value Titanium Credit Card is an excellent choice for individuals with substantial monthly expenses on fuel, telephone bills, and utility payments, as it offers a consistent 5% cashback on these categories. While a fee of ₹750 + GST applies to most users, it is waived for Premium Banking Customers, who also gain access to complimentary international airport lounge benefits through Priority Pass. The card's reward point system for other expenditures and its annual fee waiver on achieving a spend of ₹90,000 add to its value proposition. Overall, it's a strong contender for those looking to maximize savings on everyday essential spends, particularly appealing to premium banking clients or those with high fuel consumption.

Important Product Details

• No annual/joining fee for Premium Banking Customers.
• 100% cashback up to ₹1,500 on fuel purchases in the first 90 days of card issuance as a welcome benefit.
• 5% cashback per month on fuel, utility bill payments, and phone bills.
• 1 reward point on every ₹150 spent on all other categories.
• Complimentary Priority Pass membership for Premium Banking Customers.
• Annual fee waiver on spending ₹90,000 or more in the previous year.
• The total cashback across fuel, telephone bills, and utility bills is capped at ₹500 per month.

Other Details

• Card Network: Mastercard Network.
• Application Process:
  • Apply online for an instant in-principle decision.
  • A bank representative will contact you to complete documentation.
  • The card is usually received within 7-15 days from the submission of documents and signed application, though it may take longer in some cases.
  • Offline application is also available by visiting a Standard Chartered Bank branch.
• Online KYC (VKYC): Video KYC (VKYC) is available for completing your KYC online from home, making the application process contactless.
• Digital Payment Solutions: Standard Chartered offers a wide range of instant payment solutions including UPI payment solutions, BharatQR, Bharat bill payment solution, IMPS, and Samsung Pay.
• Online Banking and SC Mobile: Conveniently check your card balance and make instant card payments using online banking or the SC Mobile app.
• Kuch Bhi on EMI: Convert all your large spends above INR 2,000 into easy EMIs with attractive pricing and flexible tenure options via online banking or SC Mobile.
• Dial-a-loan: Instantly avail loans on your credit card for up to INR 5,00,000, with flexible tenures ranging from 12 to 60 months, starting at an interest rate of 0.99% per month.
• Balance Transfer: Transfer outstanding credit card balances from other banks up to INR 5,00,000, at an attractive interest rate of just 0.99% per month for the first 6 months, with zero processing fees charged by Standard Chartered Bank.
• Balance on EMI: Convert your entire outstanding credit card balance, up to INR 5,00,000, into convenient EMIs with zero processing fees from Standard Chartered Bank.
• Virtual Credit Card: An online replication of the physical card with a unique card number, CVV, and expiry date. It can be used instantly for online shopping from anywhere globally, without needing the physical card. It can be applied for after the physical card is issued.
• Rental Payment Merchant Category Code (MCC): Credit card transactions with Merchant Category Code (MCC) 6513 are considered Rental Payments. MCC is a four-digit number assigned to a merchant by their acquiring bank, defined by networks like Visa, Mastercard.
• Annual Benefits by using Super Value Titanium Card (Value Chart):
  • Cashback on Fuel, Utility & Telecom Bill Payment (Average INR 1,20,000 per year - 5% Cashback): INR 6,000.
  • Rewards Points on Other Annual Spend (Average INR 1,80,000 per year - 1 Reward Point per INR 150): INR 300.
  • Annual Fee Reversal on meeting INR 90,000 spends: INR 750.
  • Total Annual Benefit: INR 7,050.