Head-to-head · 🇮🇳 India
ICICI Platinum Chip vs Standard Chartered Ultimate
Side-by-side comparison across fees, rewards, welcome bonuses, and eligibility.
IN
ICICI Bank
ICICI Platinum Chip
VISA
Wins 4 of 10
IN
Premium
Standard Chartered
Standard Chartered Ultimate
VISA
Wins 4 of 10
Verdict
It's a true tie — neither dominates. Pick the one whose boost categories match where you actually spend.
Side-by-side
| Criterion | ICICI Platinum Chip | Standard Chartered Ultimate |
|---|---|---|
| Annual fee | No annual fee | · ₹5,000 |
| Joining fee | None | · ₹5,000 |
| Top reward rate | · 0.5% (general) | 3.3% (general) |
| Base reward rate | · 0.5% | 3.3% |
| Forex markup | = 3.5% | = 3.5% |
| Welcome bonus | = No welcome bonus — fee-free for life | = 6,000 reward points + ₹1,000 voucher |
| Fee waiver threshold | · N/A (no fee) | ₹1,500,000 / yr |
| Min income | ₹200,000 | · ₹1,500,000 |
| Min credit score | 700 | · 780 |
| Editorial rating | · 3.6/5 | 4.4/5 |
Benefits compared
ICICI Platinum Chip
- 2 PAYBACK points per ₹100
- 15% off at 800+ restaurants
- 1% fuel surcharge waiver
- Lifetime free, no annual fee ever
Standard Chartered Ultimate
- 5 reward points per ₹150 (effectively 3.3%)
- 4 complimentary international lounge visits/year
- BookMyShow buy-1-get-1
- 1% fuel surcharge waiver
- Comprehensive travel + purchase insurance
FAQ
›ICICI Platinum Chip vs Standard Chartered Ultimate: which is better?
It's a true tie — pick the one whose boost categories match your spend. ICICI Platinum Chip wins on 4 criteria, Standard Chartered Ultimate on 4.
›Can I get both?
Yes — if your credit profile supports it, holding both is the optimal play. Use ICICI Platinum Chip for its best categories, Standard Chartered Ultimate for its best categories. Just watch the combined annual fees against your spend.
›Which one has the better welcome bonus?
ICICI Platinum Chip: No welcome bonus — fee-free for life. Standard Chartered Ultimate: 6,000 reward points + ₹1,000 voucher.