Standard Chartered Ultimate cashback rate, cap and annual fee
Standard Chartered Ultimate pays 5% at duty-free stores — on the first INR 20,000 you spend on it each month, which is where the INR 1,000 cap stops it. The card costs INR 5,000 a year.
This is information about each card's published terms, not a recommendation to apply. PayperWIZ arranges no credit and is paid nothing by any bank or card issuer.
Standard Chartered · India · catalogue v117
Read from Standard Chartered's own published terms on 29 Oct 2026.
What it pays, by category
| Spending | Rate | Monthly cap |
|---|---|---|
| duty-free storeseverything else | 5.00% | INR 1,000reached at INR 20,000 of spend5% cashback at registered duty-free vendors, INR 1,000 a statement cycle; no points on top. |
| everything else | 3.33% | —5 reward points per ₹150 on all other categories. |
| groceries | 2.00% | —3 reward points per ₹150 at supermarkets. |
| government | 2.00% | —3 reward points per ₹150 on utilities and government. |
| education | 2.00% | —3 reward points per ₹150 on schools. |
| rent and property | 2.00% | —3 reward points per ₹150 on property management. |
| fuel | None | —Fuel earns no points. |
Questions people ask
What cashback does the Standard Chartered Ultimate pay?
5% at duty-free stores, and 5 other rates. The top rate is capped at INR 1,000 a month.
Is there a cap on the Standard Chartered Ultimate?
Yes. duty-free stores is capped at INR 1,000 a month.
What is the annual fee on the Standard Chartered Ultimate?
INR 5,000 a year.
Knowing the rate is not the same as remembering it
PayperWIZ holds the cards you actually own and names the right one at the till — after the cap you have already used this month, and after the foreign-currency fee. Every rate in it says where it came from, the way this page does: read off the issuer and dated, or marked indicative.
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