Standard Chartered Smart vs ICICI MMT Signature
Side-by-side comparison across fees, rewards, welcome bonuses, and eligibility.
Standard Chartered Smart wins 5-4. Entry tier alternative — flat 2% on online spends. ICICI MMT Signature is still the right call if makemytrip loyalists — co-branded with strong travel benefits..
Side-by-side
| Criterion | Standard Chartered Smart | ICICI MMT Signature |
|---|---|---|
| Annual fee | ₹499 | · ₹2,500 |
| Joining fee | ₹499 | · ₹2,500 |
| Top reward rate | · 2% (shopping) | 6% (travel) |
| Base reward rate | · 1% | 1.5% |
| Forex markup | · 3.5% | 2.5% |
| Welcome bonus | = ₹500 Amazon voucher on first 30-day spend | = ₹2,500 MMT Black holidays voucher |
| Fee waiver threshold | ₹120,000 / yr | · ₹600,000 / yr |
| Min income | ₹250,000 | · ₹800,000 |
| Min credit score | 720 | · 770 |
| Editorial rating | · 4/5 | 4.4/5 |
Benefits compared
Standard Chartered Smart
- 2% cashback on online spends (capped at ₹100/month)
- 1% cashback on offline + bill payments
- 1% fuel surcharge waiver
- Up to 15% off on partner restaurants (EazyDiner)
ICICI MMT Signature
- 6% myCash on flight + hotel bookings via MMT
- 3% myCash on dining + grocery
- 1.5% on others
- 4 international + 4 domestic lounge visits/year
- MMT Black membership
FAQ
›Standard Chartered Smart vs ICICI MMT Signature: which is better?
Standard Chartered Smart wins on more dimensions (5 vs 4). But the right answer depends on your specific spending pattern — see the calculator below.
›Can I get both?
Yes — if your credit profile supports it, holding both is the optimal play. Use Standard Chartered Smart for online shopping, ICICI MMT Signature for its best categories. Just watch the combined annual fees against your spend.
›Which one has the better welcome bonus?
Standard Chartered Smart: ₹500 Amazon voucher on first 30-day spend. ICICI MMT Signature: ₹2,500 MMT Black holidays voucher.