Standard Chartered Beyond Credit Card
The Standard Chartered Beyond Credit Card is a premium credit card for customers with a strong banking relationship. It has a joining fee of ₹15,000 + GST and offers welcome benefits of similar value. From the second year, the annual fee is ₹25,000 + GST if you don’t meet the required Funds Under Management (FUM). The card gives many lifestyle, travel, and entertainment benefits for high-value customers.
With this card, you get welcome vouchers from Taj, MakeMyTrip, and Luxe Gift Cards. You can earn up to 3.3% rewards on regular spending and 2% on essentials like bills, utilities, and insurance. Other perks include two free golf games or lessons per month, Buy 1 Get 1 free on movie and event tickets, and 25% off dining. You also get unlimited airport lounge access, eight guest visits a year, 15% cashback at duty-free stores, and a low 2% forex fee on international spending. It’s a card designed for premium travel, shopping, and lifestyle benefits.
Rewards and Benefits
Fees & Charges
What should you consider before applying for a credit card in India?
Key Considerations Before Applying for a Credit Card in India:
- Eligibility Criteria: Ensure you meet the eligibility requirements, which typically include age, income, credit score, and employment status as defined by the issuing bank or financial institution.
- Credit Score: A strong credit score can significantly improve your chances of approval and result in more favorable terms, such as lower interest rates or higher credit limits. Verify that your credit score is healthy before applying.
- Interest Rates and Fees: Compare the annual percentage rates (APR), processing fees, late payment penalties, and foreign transaction charges associated with various cards. These costs can vary widely and impact the overall value of the card.
- Rewards and Benefits: Evaluate the rewards, cashback, discounts, or other perks offered by the card to ensure they align with your spending patterns. Some cards may provide better benefits in specific categories, such as travel, shopping, or dining.
- Credit Limit: Review the credit limit offered by the card to ensure it meets your financial needs. Avoid applying for cards with excessive limits if you are concerned about managing debt, as this can lead to higher interest charges.
- Repayment Terms: Understand the repayment structure, including the minimum payment amount, payment due dates, and any associated penalties. Being clear about these terms can help you manage payments effectively and avoid interest buildup.
- Card Type and Features: Choose a card type that matches your specific needs—whether standard, premium, or specialized cards like those offering travel rewards or dining privileges. Ensure the features of the card align with your lifestyle and spending habits.
- Bank’s Reputation: Opt for a financial institution with a proven reputation for customer service and transparency. Consider researching customer reviews and assessing their support channels to ensure reliable service.
- Hidden Charges: Be aware of any hidden fees, including annual fees, balance transfer charges, foreign transaction fees, or cash withdrawal charges. These can add up over time and affect the overall cost-effectiveness of the card.
- Credit Utilization: Maintain a balance within your credit limit to avoid high credit utilization ratios, which can negatively impact your credit score. Responsible use of credit is essential for maintaining financial health.
- Long-Term Financial Plans: Consider how the credit card fits into your overall financial strategy. Avoid accumulating unnecessary debt and choose a card that supports your long-term financial goals without adding financial strain.
Standard Chartered Beyond Credit Card – Features & Benefits
The Standard Chartered Beyond Credit Card is a premium credit card designed for customers who already have a strong banking relationship with the bank. It is perfect for people who travel often, enjoy lifestyle benefits, and want a card that gives rewards on both daily spending and special purchases. The card comes with a joining fee of ₹15,000 + GST, and in return, you get welcome vouchers worth ₹15,000 from popular brands like Taj, MakeMyTrip, and Luxe. The voucher codes and redemption links are shared via SMS or email within 60 days of meeting the qualifying criteria.
From the second year, the card has an annual fee of ₹25,000 + GST, but this fee can be waived if you meet the Funds Under Management (FUM) requirement of ₹50 lakh. FUM can include balances in savings accounts, term deposits, investments through the bank, active life insurance premiums, or demat holdings with Standard Chartered. This card is ideal for high-net-worth customers who can meet the FUM requirement to avoid the annual fee.
Rewards on Spending
The Beyond Credit Card offers rewards on almost every type of spending:
- Earn 5 reward points for every ₹150 you spend on everyday purchases.
- 3 Reward Points for every ₹150 spent on essentials like utilities, supermarkets, insurance, government payments, schools, and property management
- Reward Points are valid for three years
- 1 Reward Point equals ₹1
These rewards help you get extra value on everyday spending as well as on important bills and payments.
Unlimited Airport Lounge Access
Cardholders can enjoy unlimited access to domestic and international airport lounges. You can also bring up to 8 guests per year for free, making your travel experience comfortable and stress-free.
Golf Privileges
For golf lovers, the Beyond Credit Card provides access to over 40 premium golf courses across India through the service provider Thriwe. You can enjoy two complimentary golf games or lessons every month. To use this benefit, you need to book through the Standard Chartered Privileges platform, and slots are subject to availability.
Dining and Lifestyle Offers
- 25% discount up to ₹2,500 on dining via EazyDiner, valid once per month
- Buy 1 Get 1 free offers on movie and event tickets through BookMyShow
Other Benefits
- 1% fuel surcharge waiver, up to ₹5,000 per year
- Annual fee waiver if the FUM requirement is met in the three months before the fee is charged
Eligibility Criteria for Standard Chartered Beyond Credit Card
To apply for the Beyond Credit Card, you must:
- Be between 18 and 70 years old
- Maintain a minimum FUM of ₹50 lakh
- Live in a city where the bank accepts credit card applications
Standard Chartered Beyond Credit Card Review
The Standard Chartered Beyond Credit Card is perfect for people who want a premium lifestyle and travel experience. It offers rewards on daily spending, unlimited airport lounge access, golf privileges, dining discounts, and movie offers. The welcome vouchers worth ₹15,000 also help make the first year more valuable.
This card works best for customers who already have a strong banking relationship with Standard Chartered and can meet the ₹50 lakh FUM requirement. Meeting this ensures you avoid the high annual fee from the second year onwards. For high-net-worth individuals who travel frequently and enjoy lifestyle-focused benefits, this card provides value, convenience, and an overall premium experience.
What rewards can I earn with the Beyond Credit Card?
You earn 5 Reward Points per ₹150 on most purchases and 3 Reward Points per ₹150 on essentials like utilities, supermarkets, insurance, and government payments.
Does the card have welcome benefits?
Yes, new cardholders receive welcome vouchers worth ₹15,000 from brands like Taj, MakeMyTrip, and Luxe, sent via SMS or email within 60 days.
Can I access airport lounges with this card?
Yes, the card gives unlimited access to domestic and international lounges and 8 free guest visits per year.
Are there travel and lifestyle perks?
The card offers two free golf games or lessons per month at select premium golf courses, 25% off up to ₹2,500 on dining through EazyDiner, and Buy 1 Get 1 free on movies and events via BookMyShow.
Can I get the annual fee waived?
The annual fee of ₹25,000 + GST is waived if you meet the Funds Under Management (FUM) requirement of ₹50 lakh in the three months before the fee is charged.
How do I use the card for domestic lounge access?
Show your Beyond Credit Card at the lounge reception. A small ₹2 authentication charge applies.
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