Question 1

What is the annual fee on the Standard Chartered Ultimate Credit Card and how do you get it waived?

Accepted Answer

The Standard Chartered Ultimate Credit Card charges ₹5,000 plus GST as a joining fee and the same ₹5,000 again at renewal. Standard Chartered waives the renewal fee if you spend ₹4L in the previous year, which is about ₹33,333 a month. If your card spend sits below that, treat ₹5,000 as a real yearly cost that your rewards have to clear first.

Question 2

What is the reward rate on the Standard Chartered Ultimate Credit Card?

Accepted Answer

You earn 5 points per ₹150 on all spends. Everything else earns 1.5 points per ₹100. Each point is worth about ₹1 when you redeem it well, so ₹10,000 of top category spend gives you 333 points, roughly ₹333, which is about 3.3% back. Fuel earn nothing at all.

Question 3

Does the Standard Chartered Ultimate Credit Card give free airport lounge access?

Accepted Answer

The Standard Chartered Ultimate Credit Card charges ₹5,000 plus GST as a joining fee and the same ₹5,000 again at renewal. Standard Chartered waives the renewal fee if you spend ₹4L in the previous year, which is about ₹33,333 a month. If your card spend sits below that, treat ₹5,000 as a real yearly cost that your rewards have to clear first.

Question 4

What changed on the Standard Chartered Ultimate Credit Card recently and is it still worth it in 2026?

Accepted Answer

Rewards catalogue repeatedly trimmed; effective rate dropped from ~3.3% to ~2% on many spends. The changes are dated 2024-2025. At ₹4L of yearly spend the card returns roughly ₹13,320 at its general rate of about 3.33%, against a ₹5,000 renewal fee. Keep it if you clear the ₹4L waiver spend and your spending really sits in the accelerated category. Drop it at renewal if you do not.

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Standard Chartered Ultimate Credit Card

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