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Manhattan Credit Card by Standard Chartered

by Kshitiz V Sharma on

The Bottom Line

Manhattan Credit Card
Good for Shopping but Weak Otherwise

5% Cashback on Departmental Stores, Groceries & Supermarkets, 3 Reward Points / ₹150 on all other spends

Monthly Spend ₹5K ₹10K ₹20K ₹50K ₹100K
Net Reward Yield 0.0% 0.9% 1.1% 1.2% 1.0%
Est. Monthly Reward (₹) 85 215 615 1,015
All-India Rewards Rank* 152 70 64 84 114
Within Bank Rank* 7 3 4 5 5
* Based on est. net reward yield for nearly 400 credit cards in India, for each monthly spending level. Read about how we calculate the net reward yield here.

The Manhattan Platinum Credit Card give cashback of 5% on groceries, departmental stores and supermarkets and 0.5% effective rewards on all other spends.

Overall, you can earn a net reward yield of 0.9-1.2% on spends above ₹10,000, making this an average card. However Standard Chartered offers many credit cards that give you higher rewards than the Manhattan.

The Ultimate Credit Card is the best credit card in India by Standard Chartered Bank for most people. It offers a net reward yield of 2.3-3.0% on all your spend.

However the Ultimate has a high annual fee of ₹5,000, although you get reward points worth ₹5,000 in return.

If you are not comfortable paying the high fee in exchange for reward points, you could consider the Standard Chartered DigiSmart Credit Card for monthly spends below ₹50,000. This card has a low monthly fee of ₹49, which is waived when you spend more than ₹5,000 in any month.

You can earn a net reward yield of 1.3-1.6% with the DigiSmart Credit Card.

Our list of the best credit cards in India, at every spending level and from every bank, is here. You can find a detailed discussion of our methodology here.


The Rewards

Card
Card Type Reward + Cashback
Reward / Cashback Features 5% Cashback on:
– Departmental Stores
– Groceries
– Supermarkets

3 Reward Points / ₹150 on all other spends

Milestone Rewards Nil
Other Rewards 25% discount on EaseMyTrip
Rewards Redemption Fee ₹99
Cashback Caps ₹500 on groceries, departmental store and supermarkets
Preferred Redemption Method Redeem rewards at Standard Chartered portal @₹0.25 / Reward point


Fees & Charges

Card Manhattan Platinum Credit Card
Joining Fee ₹999 + Taxes
Annual Fee ₹999 + Taxes
Min. Annual Credit Card Spend
for Fee Waiver
₹1.2 Lacs
Income Criteria Salaried N/A
Self-employed N/A
Supplementary Card Fee Free
Interest Rate 45.00%
Foreign Currency Markup 3.50%
Cash Advance Charge 3.00% with a minimum of ₹300

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