Standard Chartered Super Value Titanium Credit Card
As we know that standard chartered is one of the globally reputed banking and financial institutions. Standard Chartered Super Value Titanium Credit Card is one of the best credit card that bank offers for its customers. Cardholders will get facility to earn maximum discount and cash back offers. This card will offers some exciting features and deals for cardholder and allow them to save their valuable amount. Headquartered in London, Standard Chartered PLC was commenced in the year 1969. It offers a multinational banking and finance services having its presence in more than 70 countries across the globe. Being a universal bank, the bank offers a range of products and services including investment as well as commercial services. Serving unmatched delights since the year of its establishment, Standard Chartered Bank has achieved a massive goodwill in the industry for their customer-centric plans, rates, and offers. As a part of the banking industry, Standard Chartered (SC) has initiated numerous investment opportunities and credit card facilities. Being a well-established and reputed bank, SC offers a comprehensive range of credit cards with unmatched benefits and offers designed specifically to fulfill individual requirements of smart buyers who crave for exciting rewards along with unique experience. The offers and rewards for the card are planned to deliver value-added benefits and unmatched experience to the cardholders. Some of the benefits include free insurance cover, reward points, accessibility to golf courses, accessibility to airport lounge, international travel benefits, access to over fuel surcharge waiver, cash back, reward points redemption, and much more.
Among its various credit cards with great savings, Super Value Titanium Card provides several saving offers including cash back offers on telephone and fuel bills. This credit card can turn out to be a great choice for those who are very strict in terms of managing their expenses. This card is a great source of meeting those essential expenses that cannot be compromised even when you are running out of money. Since the card is launched into the market, people from different financial backgrounds are enjoying the perks of exciting offers and reward points. You can enjoy the delights of this card even if you have limited income. With immediate financing advantages, this plastic money will surely boost your confidence to meet the essential expenses at the time of financial crisis.
The key highlights of this credit card are:
o Savings on fuel expenses
o Cash back offers on telephone bill payment for any telecom service provider
o Cash back offers on certain utility bills
o Unmatched attractive rewards
Features of Standard Chartered Super Value Titanium Credit Card
Global acceptance – The Standard Chartered Bank has its presence in more than 70 countries which facilitates the global acceptance of the card. There are more than 19 million MasterCard and Visa affiliated ATMs established worldwide and more than 1 lakh only in India and Nepal. This makes it easy to access the card even if you are out of your residential country.
Add-on cards – Cardholders are free to share the perks and delights of the Super Value Titanium Card with their parents, children, siblings, and spouse.
Balance transfer – Cardholders can transfer their liabilities from other banks and financial institutions to avail lower interest rates on the outstanding balance. In this way, they can reduce their financial burden and enjoy their life without paying much of their money as interest.
Cash advance – Users can encash their credit card limit from more than 1.5 million ATMs across the globe and more than 20,000 ATMs only in India. This really a great feature of this card as you can avail the money in case you are making a purchase from the merchant who don’t have the card swipe machine.
Access at Railway and airline counters – Railway and/or airline tickets can be booked either online or at the ticket counters. This proves that this card is exclusively great monetary source for frequent travelers.
Instabuys – By availing Instabuy feature, users can repay their high-priced ticket expenses in easy monthly installments. Thus, they can conveniently manage their income and expenses.
Additional offers and rewards –
o Users can earn up to 1000 reward points on their initial swipe of the card.
o If the annual credit card usage exceeds over Rs. 60,000, the annual renewal fee of the user’s credit card would not be charged.
Benefits of Standard Chartered Super Value Titanium Credit Card
Huge network of fuel companies – You don’t have to check a nearby petrol pump where the card can be accessed because the card is accessible at all the major petrol pumps across India. Doesn’t matter where you are traveling, you can quickly check-in to any petrol pump when running out of the fuel.
Potential cost savings – The card offers 5% cash back which results in potential cost saving on fuel, telecom, and other utility expenses. You can plan your journeys without concerning the fuel expenses. Let money never be a barrier to enjoy quality moments with your family during the long drive.
PIN security – Your card is secured and protected with a unique confidential PIN. This also reduces the risk of fraud and skimming for the card.
Control – You can easily track your fuel, telecom, and other utility expenses by requesting a weekly or monthly statement at your registered mobile number. Therefore, you don’t have to collect the expense bills to track the money incurred in meeting them.
Convenient installment method – You can pay your expenses in easy and small monthly installments so that limited financial budget can never be a concern to meet your essential expenses.
Easy payment method – Simply wave or swipe your credit card at the card swiping machine for making the payment to the merchant. You can also pay your bills online by entering the card details (card number, valid till date, and CVV number) and entering an OTP received at your registered mobile number.
No need to carry cash along with you – Even if you no money in your pockets, you can refuel your vehicle tank by making a fuel purchase via this Super Value Titanium Credit Card. So, forget about carrying cash every time you go out for a long drive.
Now, take a short glance at the perks of the Super Value Titanium Card by Standard Chartered:
Fuel expense waiver – Get 1% fuel surcharge waived on using the credit card. Having this credit card means you don’t have to give a second thought before going on a long drive as the card is accessible at all the petrol pumps including Indian Oil, Bharat Petroleum, Reliance, Essar, and HP.
5% cash back – The card offers 5% cash back on fuel purchased from any petrol pump across India. This is a great feature to cut down the cost of fuel expenses. However, the minimum transaction should be of Rs.750 for a single swipe to avail a cash back offer. You can earn up to Rs.200 cash back on fuel purchases every month, which makes a total of Rs.2400 annually.
Wide access – The best part of the card is that the access is not limited to particular petrol pumps, but can be accessed at any petrol pump across India. You don’t have to check-out the petroleum company before making a fuel purchase because the rewards can be availed using any petrol pump in India. You need to concern about the assurance of the card benefits. This makes the card among the top investment preferences.
Reward points – The cardholder will get 1 reward point at every spent of worth Rs. 150. The reward point is applicable on all categories apart from telecom expenses, fuel, and other utility bills. These reward points can be easily redeemed for vouchers or services which are mentioned in the rewards catalog. However, to redeem the points, a user be supposed to earn at least 500 points to request the redemption. The points cannot be encashed and the request cannot be cancelled once they are given.
Cash back on telecom and other utility bills – You can get 5% cash back on all your telecom and other utility bill payments. 5% cash back offer is applicable to all leading telecommunication companies such as Airtel, BSNL, Vodafone, MTNL, Reliance, and TATA. Get total cash back up to Rs.200 every month and cut down the cost of utility bill expenses like electricity, gas, water, and telephone.
Fees and Other Charges of Standard Chartered Super Value Titanium Credit Card
Joining and annual fee – Grab the card benefits at a nominal joining fee of worth Rs.499 and pay Rs.750 as an annual fee. The annual fee can be waived on spending above Rs.60,000.
Add-on cards – You can share the benefits, offers, and rewards of the card with your parents, children, siblings, and spouse without paying any fee or charge for it.
Default payments – If you fail to pay the outstanding balance every month before the due date, there would be a specific interest rate be charged on the outstanding balance. Therefore, it is advisable to clear the dues before the due date to avoid paying interest on the dues. The minimum due balance every month shall be more than:
5% of the outstanding balance
Sum total of all installments billed, fees, interest, other charges, amount that is over limit and 1% of the principal
Late payment charges – If the outstanding balance is not paid before the due date, you are likely to incur to late payment charges applicable as following:
o Outstanding amount less than or equal to Rs.500 would be charged Rs.100 as late payment fee
o Outstanding amount ranging between Rs.500 to Rs.2000 would be charged Rs.350 as late payment fee
o Outstanding amount ranging between Rs.2000 to Rs.4000 would be charged Rs.500 as late payment fee
o Outstanding amount ranging between Rs.4000 to Rs.20000 would be charged Rs.700 as late payment fee
o Outstanding amount more than Rs.20000 would be charged Rs.800 as late payment fee
Cash advance fee – Don’t withdraw the cash from your credit card until it is really necessary and there is no other monetary source left. The reason behind the suggestion is that cash withdrawal from credit card is charged at the rate of 3% on the amount withdrawn.
Overseas transaction – The bank charges 3.50% on the transactions done at the foreign countries. Though, the fee is charged on the transacted amount only.
Service tax chargeable – Total 15% of service tax is charged, which cover:
o 14% service tax
o 0.5% Swachh Bharat Cess
o 0.5% Krishi Kalyan Cess
Reasons outlined to sign-up for the card:
Fuel surcharge waiver at all major petrol pumps across India
Cash back on telecom, fuel, and other utility bill payments
Affordable annual fee as compared to other credit cards offered by different banks and financial institutions
Perks and benefits applicable at all major petrol pumps.
Eligibility criteria to get the approval of the card:
There are certain eligibility criteria for procuring this value credit card. Applicants can apply for the card only if they meet the eligibility criteria:
o Applicant’s age must be 21 to 65 years old
o Applicant should have a firm income. For this reason, salaried applicants have more chances of getting the approval
o Applicant should be a resident of India
o Applicant should belong to convenient credit card sourcing locations of the bank.
How to submit an application for Standard Chartered Super Value Titanium Credit Card?
The process to submit an application is quite simple and quick.
Just visit Standard Chartered Bank’s website and go to credit cards webpage.
Check your eligibility by providing the required details for the application.
Click “Apply” button to submit your application.
The team will receive your request and will process the application for approval.
Mandatory documents required for the credit card application are:
A copy of PAN Card or Form 60
A copy of latest pay slip, IT return, or Form 16 for income proof
Passport sized colored photographs
A copy of passport, voter ID card, driving license, or Adhaar card for identity proof
A copy of driving license, passport, ration card, voter ID card, or Adhaar card for address proof
Regardless of offering delighting offers, there are certain flaws where the card falls short, have a look:
High interest rate – Yes, the interest rates over the Titanium credit card are slightly high as compared to other bank mates. This might push-back a person with an average income from getting the card because the higher interest rate possibly will result in higher amount paid as interest over time.
Mediocre rewards program – The reward program which promises to serve 1 reward point for every spent on all categories excluding fuel, telecom, and utility of worth Rs.150, which is considerably very low as compared to reward programs offered by other credit cards.
Limited cash back – Although the Super Saving Titanium card proposes 5% cash back on fuel, telecom, and other utility expenses, the offer is capped at a maximum of Rs. 500 every month. Moreover, the cash back is categorized as:
o You will get cash back only up to Rs.200 for fuel and telecom each per month (cash back is applicable only at a fuel purchase of more than Rs.4000)
o You will get cash back only up to Rs.100 for utility bills per month
No sign-up bonus – You will get no welcome gift or sign-up bonus for the card.
Concluding words for why you should opt for Super Value Titanium Card:
So, you already have gone through the features, fee and charges, benefits, and drawbacks of the card, and after reviewing all those points, you must have understood why this card should be opted for. You will definitely like this card for offering 5% cash back on all your fuel, telecom, and utility expenses. This is the highest cash back offered by any other card. However, make sure to clear the outstanding amount before the due date every month to avoid high-interest rate on the outstanding amount. Otherwise, all in all, this is a good saving card and you can consider it as the first choice for the fuel cards.