Standard Chartered Smart vs IndusInd Iconia Amex
Side-by-side comparison across fees, rewards, welcome bonuses, and eligibility.
EXPRESS
IndusInd Iconia Amex wins 5-3. Mid-premium Amex with annual-fee waiver from year 2. Standard Chartered Smart is still the right call if entry tier alternative — flat 2% on online spends..
Side-by-side
| Criterion | Standard Chartered Smart | IndusInd Iconia Amex |
|---|---|---|
| Annual fee | · ₹499 | No annual fee |
| Joining fee | ₹499 | · ₹3,500 |
| Top reward rate | · 2% (shopping) | 5% (shopping) |
| Base reward rate | · 1% | 1.5% |
| Forex markup | = 3.5% | = 3.5% |
| Welcome bonus | = ₹500 Amazon voucher on first 30-day spend | = 4,000 reward points + Yatra voucher |
| Fee waiver threshold | · ₹120,000 / yr | N/A (no fee) |
| Min income | ₹250,000 | · ₹600,000 |
| Min credit score | 720 | · 770 |
| Editorial rating | · 4/5 | 4.2/5 |
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)
IndusInd Iconia Amex
- 10 reward points per ₹100 on weekend dining + grocery
- 4 international + 8 domestic lounge visits/year
- Annual fee waived from year 2 (lifetime)
- 1% fuel surcharge waiver
- Buy-1-get-1 BookMyShow
FAQ
›Standard Chartered Smart vs IndusInd Iconia Amex: which is better?
IndusInd Iconia Amex wins on more dimensions (5 vs 3). 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, IndusInd Iconia Amex 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. IndusInd Iconia Amex: 4,000 reward points + Yatra voucher.