Standard Chartered has a useful reward angle for people who shop globally online: the Ultimate Credit Card now offers 5X reward points on international online transactions. For frequent cross-border shoppers, that can be a strong reason to keep this card in rotation, especially if most of your premium cards are better suited to domestic spending.
The card also comes with 4 complimentary Priority Pass visits per quarter, and the annual fee of ₹5,000 is waived on ₹6 lakh annual spend. That makes the product fairly easy to understand: it is a premium card with a clear international-spend focus, plus a decent lounge benefit for travelers who want predictable access.
What stands out here is the combination of travel and online spend value. Many cards do one of these well and ignore the other, but Ultimate is trying to cover both. If you buy from overseas websites, pay for international subscriptions, or book travel services online, this reward structure can be more useful than a generic flat-rate card.
The fee waiver threshold is also reasonable for a premium card, though it still requires meaningful annual usage. That means the card is best suited to people who can naturally route enough spend through it rather than those looking for a casual backup card. The included MasterCard World benefits add some extra polish, but the headline value remains the international online earning rate.
What should you do? If your spending includes a lot of international online transactions, this card deserves a hard look. The 5X reward points feature is the main draw, and the ₹6 lakh annual spend waiver makes the fee manageable if you can put enough volume through the card. If your spending is mostly domestic, though, you may want to compare it against a simpler premium rewards option.