Standard Chartered EaseMyTrip Credit Card
The Standard Chartered EaseMyTrip Credit Card is a travel-focused credit card launched in partnership between Standard Chartered Bank and EaseMyTrip. It comes with a small joining fee and an annual fee of ₹350, which can be waived upon reaching a minimum spending requirement. This card offers instant discounts on travel bookings made through the EaseMyTrip app or website, along with a rewarding cashback system on various purchases. Frequent travelers can benefit from up to two complimentary domestic airport lounge visits per year, making their journeys more comfortable. Additionally, the card allows users to save on renewal fees by meeting a low annual spending target, making it a cost-effective option for regular travelers.
Apart from EaseMyTrip bookings, this card provides accelerated rewards on airline and hotel bookings made through other platforms as well. Users can enjoy up to a 20% discount on domestic and international travel without any minimum spending condition. The earned reward points can be redeemed on the bank’s 360 Rewards platform for multiple options, ensuring flexibility in how users use their benefits. With a mix of discounts, lounge access, and an easy fee waiver system, the Standard Chartered EaseMyTrip Credit Card is a great choice for those looking to maximize savings on their travel expenses.
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.
What is the value of each reward point on this card?
Each reward point is worth Re. 0.25 and can be redeemed through the 360-degree rewards portal.
Will I earn reward points on EMI transactions?
Yes, reward points are earned on transactions that are converted to EMI.
Does the Standard Chartered EaseMyTrip Credit Card have an annual fee?
Yes, there is an annual fee of Rs. 350, which is waived if you spend Rs. 50,000 or more in the previous year.
What should I do if I lose my credit card?
Immediately report the loss to the bank to block your card and request a replacement.
Can I redeem reward points to pay my credit card bill?
No, reward points cannot be used to pay the outstanding credit card balance.
Is there a fuel surcharge waiver on this card?
No, the card has a 1% fuel surcharge, and no waiver is provided.
Is there a limit on the reward points I can earn?
No, there is no monthly limit on the reward points you can accumulate.
Do reward points expire?
Yes, reward points expire within 2 years from the date they are earned.
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