Bandhan Bank and Standard Chartered Bank are renowned financial institutions with a strong presence in the banking sector. Bandhan Bank is an Indian private-sector bank that focuses on serving the unbanked and underbanked population. On the other hand, Standard Chartered Bank is an international bank known for its extensive global network and diverse range of financial products and services.
The Bandhan Bank Standard Chartered One Credit Card is an exclusive collaboration between Bandhan Bank and Standard Chartered Bank. This credit card offers a unique set of features, rewards, and benefits tailored to meet the diverse needs of cardholders. It combines the expertise and strengths of both banks, providing customers with a comprehensive credit card solution.
The purpose of this article is to provide readers with an overview of the Bandhan Bank Standard Chartered One Credit Card. We will delve into its key features, rewards, fees, eligibility criteria, and more. By the end of this post, readers will have a clearer understanding of the card’s offerings, empowering them to make an informed decision about whether it is the right fit for their financial needs.
Key Features of Bandhan Bank Standard Chartered One Credit Card
The Bandhan Bank Standard Chartered One Credit Card offers a range of key features that make it an attractive choice for cardholders. Let’s explore these features:
A. Dual bank partnership – Benefits of the collaboration
- The card is a result of a partnership between Bandhan Bank and Standard Chartered Bank, combining their strengths and expertise.
- Customers can benefit from the extensive network and services offered by both banks, providing enhanced convenience and accessibility.
B. Welcome benefits and joining fee waiver
- Cardholders can enjoy exciting welcome benefits upon joining, such as bonus reward points, cashback offers, or vouchers.
- The joining fee for the Bandhan Bank Standard Chartered One Credit Card may be waived, making it more appealing to new customers.
C. Reward points and cashback offers
- Customers can earn reward points on their card transactions, which can be redeemed for a variety of options, including merchandise, vouchers, or air miles.
- The credit card may offer cashback on specific categories such as dining, groceries, or online shopping, providing additional savings.
D. Fuel surcharge waiver and utility bill payment rewards
- Cardholders can enjoy the convenience of a fuel surcharge waiver when they use the Bandhan Bank Standard Chartered One Credit Card for fuel purchases at specified fuel stations.
- Rewards or cashback may be offered on utility bill payments made using the credit card, allowing customers to earn benefits while managing their bills.
Rewards and Benefits
The Bandhan Bank Standard Chartered One Credit Card offers attractive rewards and benefits to enhance the cardholder’s experience. Let’s explore these in more detail:
A. Reward points:
- Cardholders can earn 5 reward points for every INR 150 spent on dining, movies, or shopping at supermarkets.
- For all other purchases made elsewhere, customers can earn 1 reward point for every INR 150 spent.
B. Joining Benefit:
- As a welcome gesture, new cardholders can enjoy a joining benefit of 500 reward points.
- These bonus reward points are credited to the cardholder’s account upon successful activation of the Bandhan Bank Standard Chartered One Credit Card.
- The joining benefit provides an immediate incentive for cardholders to start earning and enjoying the rewards offered by the credit card.
By earning reward points on various categories of spending and receiving a generous joining benefit, cardholders can maximize the value of their Bandhan Bank Standard Chartered One Credit Card. These rewards and benefits enhance the overall experience and provide additional incentives for using the card for everyday expenses and purchases.
Fees and Charges
The Bandhan Bank Standard Chartered One Credit Card comes with certain fees and charges that cardholders should be aware of. Let’s explore these points:
A. Annual fee and renewal charges:
- The credit card has an annual fee of Rs. 299.
- Upon renewal, cardholders are required to pay renewal charges of Rs. 299 plus applicable GST (Goods and Services Tax).
- It’s important to note that these fees are subject to change and it’s advisable to check with the bank for the most up-to-date information.
B. Interest rates:
- If the cardholder makes full payment of the total outstanding amount before the due date, no interest rate will be applicable.
- However, if the full payment is not made and there is an outstanding balance on the card, the bank may levy an interest rate on the remaining amount as per the prevailing terms and conditions.
Cardholders need to be aware of the annual fee, renewal charges, and interest rates associated with the Bandhan Bank Standard Chartered One Credit Card. By understanding these fees and charges, cardholders can manage their finances effectively and make informed decisions about their credit card usage.
Eligibility and Application Process
The Bandhan Bank Standard Chartered One Credit Card has specific eligibility criteria and an application process that potential cardholders need to be aware of. Let’s explore these points:
A. Eligibility criteria:
- The exact eligibility criteria for the Bandhan Bank Standard Chartered One Credit Card may vary. It is recommended to check with Bandhan Bank for the most up-to-date information.
- Generally, individuals who meet the bank’s age, income, and credit history requirements may be eligible to apply for a credit card.
B. Documentation required:
- When applying for the Bandhan Bank Standard Chartered One Credit Card, applicants typically need to provide certain documents, such as:
- PAN card (Permanent Account Number)
- Aadhaar card (or any other valid address and identity proof as per bank requirements)
C. Application process:
- To apply for the Bandhan Bank Standard Chartered One Credit Card, individuals usually need to visit the nearest Bandhan Bank branch.
- At the branch, applicants can inquire about the credit card and complete the necessary application forms.
- It’s recommended to carry all the required documents for submission during the application process.
D. Approval:
- The approval of the credit card application is subject to the documents being complete and accurate, as well as meeting the bank’s eligibility criteria.
- The approval process typically takes approximately 9 working days, although this timeframe may vary depending on the bank’s internal processes and workload.
Potential cardholders need to meet the eligibility criteria, gather the necessary documents, and follow the application process as advised by Bandhan Bank. By providing complete and accurate information, applicants increase their chances of obtaining approval for the Bandhan Bank Standard Chartered One Credit Card within a reasonable timeframe.
Pros and Cons
A. Advantages:
- Dual bank partnership: The collaboration between Bandhan Bank and Standard Chartered Bank brings together the expertise and resources of both institutions, offering customers a comprehensive credit card solution.
- Reward points and cashback: The card provides an opportunity to earn reward points in various categories, such as dining, movies, shopping at supermarkets, and more. Additionally, cashback offers on specific spending categories can lead to savings on everyday expenses.
- Welcome benefits: The joining benefit of 500 reward points offers an immediate incentive to new cardholders, enhancing the overall value of the credit card.
- Fuel surcharge waiver and utility bill payment rewards: The card provides the convenience of a fuel surcharge waiver at select fuel stations. Additionally, rewards or cashback on utility bill payments can further add value for cardholders.
- Insurance coverage and travel benefits: The credit card may offer insurance coverage such as air accident insurance or lost card liability, providing cardholders with added security. Travel-related benefits like airport lounge access, travel insurance, or discounts on hotel bookings can enhance the travel experience.
B. Potential drawbacks or limitations:
- Joining and annual charges: While the Bandhan Bank Standard Chartered One Credit Card may have the joining fee and annual charges, it’s worth noting that some credit card brands in recent times have moved away from levying these fees, potentially making this aspect less competitive compared to certain other credit card options.
- Limited information available: Both on the official website of Bandhan Bank and Standard Chartered Bank there is a lack of information about this Bandhan Bank Standard Chartered One Credit Card.
Customer Support
Customer Support for the Bandhan Bank Standard Chartered One Credit Card is readily available to address any queries or concerns that cardholders may have. Here is the contact information for customer support:
- 24×7 Toll-free number: 1800 258 8181
For general phone banking services, the customer support team is available from 8 am to 8 pm. However, for emergencies like unauthorized transactions or fraud, customers can contact the customer support team 24×7.
Here are specific contact numbers for various cities:
Ahmedabad, Bengaluru, Chennai, Hyderabad, Kolkata, Mumbai, Delhi, Pune: 6601 4444 / 3940 4444
Allahabad, Amritsar, Bhubaneshwar, Indore, Jalandhar, Kanpur, Lucknow, Ludhiana, Patna, Vadodara: 6601 4444
Bhopal, Chandigarh, Coimbatore, Ernakulam, Jaipur, Nagpur, Rajkot, Surat: 3940 444 / 6601 444
Gurgaon, Noida, Mathura, Dehradun, Saharanpur: 011-6601 4444 / 011-3940 4444
Jalgaon: 022-6601 4444 / 022-3940 4444
Guwahati, Howrah, Siliguri: 033-6601 4444 / 033-3940 4444
Mysore: 080-66014444 / 080-39404444
Thiruvananthapuram, Vishakhapatnam: 044-66014444 / 044-39404444
Proddatur: 040-6601 4444/ 040-3940 4444
By contacting the appropriate phone number based on their location, cardholders can reach the customer support team to resolve their concerns or seek assistance related to the Bandhan Bank Standard Chartered One Credit Card.
Conclusion
In conclusion, the Bandhan Bank Standard Chartered One Credit Card offers a unique collaboration between Bandhan Bank and Standard Chartered Bank, providing cardholders with a range of benefits and rewards. With features like reward points, cashback offers, fuel surcharge waivers, and travel benefits, this credit card aims to enhance the overall banking experience. While it is important to consider the joining and annual charges, the customer support team is readily available to address any queries or concerns. Overall, the Bandhan Bank Standard Chartered One Credit Card is worth considering for individuals seeking a comprehensive credit card solution.
