Standard Chartered Priority Visa Infinite Credit Card
The Standard Chartered Priority Visa Infinite Credit Card is specially designed for customers who have Priority Banking accounts with the bank. This card doesn’t have any membership fee and still comes with many useful benefits. You get free access to domestic airport lounges, a free Priority Pass to enter over 1,000 lounges around the world, and reward points when you shop. You earn 5 points for every ₹100 spent on international shopping or fashion, and 2 points for every ₹100 spent on other things.
This card also includes travel insurance to keep you protected. It offers air accident insurance of up to ₹1.2 crore and overseas medical insurance up to $25,000. While it may not have the most high-end features, it gives great value without any extra cost. If you’re already a Standard Chartered priority customer, this card can be a smart and cost-free way to enjoy travel 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.
How long does it take to get approved for the Priority Visa Infinite Credit Card?
If the documents and details you provide meet the bank's requirements, your credit card will typically be approved within 9 days.
What should I do if my Standard Chartered Priority Visa Infinite credit card is lost or stolen?
In case your card is lost or stolen, call the 24/7 Standard Chartered credit card helpline immediately to block the card.
Can I use the Priority Visa Infinite Credit Card internationally?
Yes, you can use the card abroad. You’ll be charged a 3.5% fee on every international transaction. Transactions at Indian merchants registered abroad will be charged a 1% fee.
Is there an expiration date for the reward points?
Reward points remain valid for 3 years from the date they are earned.
Can I redeem my reward points to pay my card bill?
No, you can only use your reward points for shopping vouchers or charity-related transactions under the Standard Chartered 360° rewards program.
Is free airport lounge access included with the Priority Pass?
You’ll get the Priority Pass membership for free, but if you bring a guest to the lounge, there’s a charge of $27 for each guest.
Can I apply for the Priority Visa Infinite Credit Card if I’m not a Priority Banking customer?
This card is exclusively available to Standard Chartered’s Priority Banking clients.
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