Standard Chartered Platinum Mastercard
Simple points card with a lifetime annual fee waiver
Apply for Standard Chartered Platinum Mastercard →Last updated 21 September 2026 · Reviewed by Raymond, Rates.my
Standard Chartered Platinum Mastercard overview
The Standard Chartered Standard Chartered Platinum Mastercard is a Platinum-tier Mastercard points card built around rewards points. Simple points card with a lifetime annual fee waiver. It best suits upper-middle-income earners, with a minimum income requirement of RM96,000 a year. It carries no annual fee.
Features & benefits
- ✓Lifetime annual fee waiver
- ✓1x reward point per RM1
- ✓RM96,000/yr min income
Is the Standard Chartered Platinum Mastercard worth it?
The Standard Chartered Platinum Mastercard is best suited to upper-middle-income earners — its minimum income requirement is RM96,000 a year (about RM8,000 a month). As a points card, it works best for people who will actively redeem rewards points for vouchers, gifts or air miles.
- +Free for life — no annual fee
- +Earns 1 reward point per RM1 spent
- −Higher income requirement — RM96k a year
- −Rewards only pay off if you actively redeem your points or miles
- −Like any credit card, finance charges apply if you don't pay the balance in full each month
How much could you earn?
At 1 point per RM1, around RM2,000 of monthly spending earns about 2,000 points a month — redeemable for vouchers, gifts or air miles depending on the programme. This is illustrative; redemption value varies.
Eligibility & how to apply
Requirements are general guidance — Standard Chartered sets the final approval criteria. Confirm current terms before you apply.
The fine print, decoded
The catches most people miss on the Standard Chartered Platinum Mastercard, in plain language — so nobody gets caught out. Always confirm against the official terms.
- What's excluded
- Cash advances/withdrawals; interest, fees or charges; disputed/reversed/voided/charged-back transactions; any Balance Transfer, petrol charges, insurance payments, bill payments, Easy Payment Scheme or instalment plans; government-related transactions; charity/organisation payments; and JomPay/FPX/PayPal transactions do not earn 360° Rewards Points.
- How the cap works
- No conventional monthly/annual RM cap — points earnable are instead capped at your combined credit card limit (per the Consolidated Client Terms).
- Foreign transaction fee
- A 1% administration fee on the amount transacted in foreign currency (Mastercard/Visa cards alike), in addition to Mastercard's own conversion rate.
- Fee waiver
- Free for life — the official PDS fee table lists this card (principal and supplementary) as WAIVED, no minimum-spend condition.
- ⚠Unused 360° Rewards Points are automatically forfeited after a defined "points cancellation date"; the exact expiry duration isn't stated in the PDS or Consolidated Client Terms — not guessed here.
Verified 20 September 2026. Summarised in our own words from Standard Chartered's published terms — indicative only, and terms change. Read the official document before you apply.
📄 Official Standard Chartered Platinum Mastercardterms & product disclosure →Standard Chartered Platinum Mastercard FAQ
You need a minimum annual income of RM96,000 (about RM8,000 a month). Standard Chartered also considers your overall credit standing.
No — the Standard Chartered Platinum Mastercard is free for life with no annual fee.
It earns 1 reward point per RM1 spent. Simple points card with a lifetime annual fee waiver.
No — the Standard Chartered Platinum Mastercard is a conventional credit card. Check with Standard Chartered for any Islamic (card-i) equivalent.
It's a good fit for upper-middle-income earners who want rewards points — its main draw is "Simple points card with a lifetime annual fee waiver". With no annual fee, there's little downside to holding it. Compare it with the related cards below before applying.
See how the Standard Chartered Platinum Mastercard compares
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Rates, fees and promotions are indicative and time-limited — always confirm current terms with Standard Chartered before applying. Not financial advice. Rates.my is an independent comparison site, not affiliated with or endorsed by Standard Chartered; card names and logos belong to their respective owners. Spotted an error or need a correction or takedown? Contact Raymond at raymond@rates.my.