The Standard Chartered DigiSmart Credit Card (2024-2025) is designed to cater to the needs of the modern, tech-savvy consumer, particularly those who rely on online shopping, food delivery, and domestic travel bookings. The card offers an appealing set of benefits tailored to the lifestyle of millennials and young professionals, with a focus on convenience, rewards, and flexibility.

In-Depth Look at Key Features

1. Exclusive Discounts on E-Commerce and Shopping Platforms:

• Myntra: A 20% discount on Myntra purchases is one of the most attractive features of this card. Myntra is one of India’s leading fashion and lifestyle e-commerce platforms, and this card allows users to enjoy significant savings on their favorite clothing and accessories. Whether you’re buying clothes, shoes, or accessories, the 20% discount offers excellent value, especially for frequent shoppers.
• Zomato: Food delivery services are a key part of modern life, and 10% off on food orders from Zomato can make regular dining-in a much cheaper affair. The fact that there’s no minimum order limit is particularly beneficial for users who want to order a quick snack or meal without worrying about meeting a minimum spend.

1. Travel Savings:

• Yatra: The Standard Chartered DigiSmart Credit Card provides a 20% discount on domestic flight bookings through Yatra, a popular travel agency. Additionally, 10% off on international flights is available, making it a great card for both domestic and international travelers. For those who like to plan their holidays or business trips well in advance, this card helps reduce the cost of travel by offering savings on flights.
• Hotel Bookings: This card also provides 25% off on domestic hotel bookings made via Yatra, making it a good option for people who travel for work or leisure. The discount can significantly lower the cost of accommodation, particularly for budget-conscious travelers.

1. Ola Cabs and Other Local Travel Offers:

• Cashback on Ola Cabs: For regular commuters, especially in cities where Ola is widely used, the 15% cashback on Ola cab rides (with a monthly cap of INR 600) is a substantial perk. The card’s cashback offer makes it a smart choice for individuals who rely on Ola for their day-to-day travel needs. It also adds a layer of financial ease for people who regularly book rides for work or leisure.

1. Entertainment and Dining:

• Movie Tickets (INOX): The Buy One Get One Free offer on INOX movie tickets is a great benefit for movie lovers. This is available to cardholders for both weekend and weekday movie screenings, providing a fun and cost-effective way to enjoy cinema with friends or family. As the cost of movie tickets continues to rise, this offer can bring down the expense considerably.
• Groceries and Dining: The card also offers 10% discounts on groceries from Grofers, which is a bonus for users who regularly shop for household essentials. Additionally, the card provides 10% off on food delivery via Zomato. If you regularly order food from Zomato or stock up on groceries from Grofers, this card can offer meaningful savings over time.

Costs and Fees

1. Affordable Monthly Fee:

• One of the major selling points of the DigiSmart Credit Card is its affordable monthly fee of INR 49, which is waived off if the cardholder spends INR 5,000 or more during the month. This flexibility makes the card accessible for individuals who might not spend excessively in a given month but still wish to benefit from the rewards program.

1. Foreign Transaction Fees:

• For those who use the card for international purchases, there is a foreign transaction fee of 3.5%. This is something to keep in mind if you travel abroad or make purchases from international websites. Though the fee is in line with most credit cards, it can add up quickly for frequent foreign currency transactions.

1. Late Payment Fees:

• Standard Chartered imposes a late payment fee if you miss your payment due date. The fee can range from INR 100 to INR 1,200 depending on the amount due. Timely payments are crucial to avoid incurring this penalty and maintain a good credit score.

Advantages of the DigiSmart Credit Card

1. Low Maintenance Cost: The low monthly fee of INR 49, which is waived with a minimal spending requirement, makes the DigiSmart credit card a low-maintenance option compared to many other cards that charge higher annual fees or hidden charges.
2. Multiple Discounts: The card’s focus on providing discounts with popular services like Myntra, Zomato, Yatra, and Ola makes it an excellent option for those who regularly use these platforms. The combination of discounts and cashback offers can lead to substantial savings throughout the year.
3. Simple and Transparent: Unlike some credit cards that come with complex reward points systems or confusing terms, the DigiSmart Credit Card offers straightforward discounts and cashback, making it easy for users to understand the benefits they’re receiving.

Limitations to Consider

1. No Comprehensive Rewards Program: The card’s rewards are heavily focused on specific merchants, which limits its versatility. If you make purchases at other stores or for services not partnered with Standard Chartered, you won’t benefit from rewards or cashback, unlike other cards that offer more universal reward points for all purchases.
2. No Airport Lounge Access: Many premium credit cards offer access to airport lounges, but the DigiSmart card does not include this benefit, which might be a downside for frequent travelers.
3. Foreign Transaction Fees: For international travelers, the 3.5% foreign transaction fee could make the card less attractive compared to those offering lower or no foreign transaction charges, particularly for users who shop online from international retailers.

Eligibility Criteria

To apply for the Standard Chartered DigiSmart Credit Card, applicants need to meet the following eligibility criteria:

• Age: The applicant must be between the ages of 21 and 65 years.
• Income: A minimum monthly income of INR 50,000 is required, making this card ideal for mid-level professionals and young adults.
• City of Residence: The card is available only in select cities where Standard Chartered operates its credit card services. Applicants should verify whether their city is included in the list of eligible locations.

How to Apply

Applying for the DigiSmart Credit Card is a simple process:

1. Online Application: You can apply for the card directly on the Standard Chartered website or through third-party websites that compare credit card offers.
2. Documents Required: Applicants need to submit proof of identity (Aadhaar card, passport, etc.), proof of address (utility bills, etc.), and income documents (bank statements or salary slips).
3. Approval Time: The approval process for this credit card is typically quick. Once approved, the card is sent to your registered address.

Conclusion

The Standard Chartered DigiSmart Credit Card (2024-2025) is a great choice for individuals who are looking for a low-cost, rewards-based credit card that can save them money on popular online shopping platforms, food delivery services, travel bookings, and local transportation. The combination of discounts and cashback offers can lead to significant savings, especially for people who frequently use Myntra, Zomato, Ola, and Yatra.

While it may not be the best choice for those seeking broader rewards programs or international benefits, it provides substantial value for online shoppers, food lovers, and domestic travelers. If you regularly use the partnered platforms and appreciate simple, straightforward rewards, this card could be an excellent addition to your wallet.

For more detailed information and to apply for the card, visit the official Standard Chartered website.