Standard Chartered Credit Card Late Payment Charges
Last Updated : June 18, 2025, 1:09 p.m.
Timely management of your Standard Chartered credit card payments is vital to avoid costly penalties and maintain a healthy credit score. This 2025 guide details all critical fees, including Standard Chartered credit card late payment charges, foreign transaction costs, and more. It also compares leading Standard Chartered credit cards and offers practical tips for smarter financial decisions.
Late Payment Penalties for Standard Chartered Credit Cards
Missing the payment deadline for the Minimum Amount Due triggers a Standard Chartered credit card late payment fee based on your outstanding balance:
| Statement Balance | Late Payment Fee |
|---|---|
Up to ₹100 | ₹0 |
₹101 – ₹500 | ₹100 |
₹501 – ₹5,000 | ₹500 |
₹5,001 – ₹10,000 | ₹700 |
₹10,001 – ₹15,000 | ₹800 |
₹15,001 – ₹25,000 | ₹800 |
Above ₹25,000 | ₹1,200 |
Important Note: If the minimum due remains unpaid for two consecutive cycles, an additional ₹100 penalty applies. This affects all associated accounts, including primary, supplementary, EMI, or balance transfer cards.
How Are Standard Chartered Credit Card Late Payment Charges Determined?
The fee is calculated based on the balance shown in your monthly statement.
Example : For example, if you have an outstanding balance of ₹6,000 and miss the payment deadline, a late fee of ₹700 will be charged in the following billing cycle.
Interest Charges on Overdue Balances & Cash Advances
- Monthly Interest Rate : Interest is levied at a monthly rate of 3.75%, translating to an annual percentage rate (APR) of nearly 45% on pending dues and cash advances.
- Applicable Cards : These charges typically apply to high-tier cards such as Visa Infinite, Ultimate, and select Emirates co-branded credit cards.
- Cash Advances : No interest-free period; interest accrues from the transaction date.
Note : Missing even one payment can negatively impact your CIBIL score by as much as 50 to 100 points.To bring back the credit score to the old number, it might take several months.
Cash Advance Fees for Standard Chartered Credit Cards
| Details | Charges |
|---|---|
Withdrawal Fee | 3% of amount (minimum ₹300) |
Interest on Withdrawals | 3.75% per month (no grace period) |
Withdrawal Limit | Up to 50% of credit limit |
Tip : Reserve cash advances for emergencies due to high fees and immediate interest accrual.
Forex Markup and Other Transaction Fees
| Transaction Type | Charges |
|---|---|
International Transactions | 3.5% of transaction amount |
Premium Card Forex Markup | As low as 2% (e.g., Ultimate card) |
Railway Booking Fee | ₹25 or 2.5% (higher of the two) |
Fuel Surcharge | ₹10 or 1% (higher of the two) |
Other Standard Chartered Credit Card Charges
| Service | Fee/Charge |
|---|---|
Overlimit Fee | ₹500 or 2.5% of excess (min ₹500) |
Reward Redemption | ₹99 per transaction |
Statement Reprint | ₹100 per request |
Cheque Bounce | ₹500 |
Cash Deposit at Branch | ₹299 |
Overdue Payment Pick-up | ₹100 |
Paper Statement | ₹99/month |
Manual Assistance (Branch) | ₹199 (₹49 via phone) |
Rent Payments | 1% of amount + GST |
GST | As per current tax rates |
Impact of Late Payments on Your CIBIL Score
Late payments don’t just incur fees—they harm your credit profile:
- Just one missed or defaulted payment can significantly lower your CIBIL score, often by 50 to 100 points.
- Multiple defaults may signal high risk to lenders.
- Having a CIBIL score under 650 can make it difficult to get approved for loans or new credit cards .
- Late payments that are overdue by over 30 days can remain listed on your credit report for as long as seven years.
Strategies to Avoid SC credit card Late Payment Fees
- Set up auto-debit for minimum or full payments.
- For large expenses, consider using options like EMIs, balance transfers, or on-demand credit services such as Dial-a-Loan.
- Select cards like Ultimate for lower forex fees and travel perks.
- Limit cash withdrawals to emergencies.
- Keep credit utilization under 30%.
- Monitor your credit score regularly via platforms like Wishfin.
Convenient Ways to Pay Your Standard Chartered Credit Card Bill
Standard Chartered provides several payment options:
- SCB Internet Banking
- IMPS/ NEFT transfers
- UPI payment apps
- Wishfin SCB Payment Portal
- Auto-debit setup
- SCB Mobile App
Paying before the due date eliminates the risk of penalties and protects your CIBIL score.
Conclusion
Mastering Standard Chartered credit card fees and payment schedules empowers you to minimize costs and maintain financial health. Whether you’re a frequent traveler or a routine bill-payer, selecting the right card and paying on time unlocks maximum benefits. Stay proactive by avoiding Standard chartered credit card late payment charges, leveraging card features, and keeping your credit score robust.
Frequently Asked Questions (FAQs)
