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Standard Chartered Visa Platinum: Cashback King of Kenya
Get 5% cashback on fuel and dining, but be prepared for the KES 7,000 annual fee. Is it worth it for you?
The Quick Version
The Standard Chartered Visa Platinum Credit Card offers Kenya's highest cashback rate of 5% on fuel and dining, plus 360° Rewards on other purchases. However, a KES 7,000 annual fee and KES 50,000 income requirement mean this card is best for high spenders.
Rates shown are representative. Your actual rate depends on your credit profile. This is not financial advice.
Standard Chartered Visa Platinum Credit Card
High cashback but comes with a hefty fee.
Standard Chartered Visa Platinum Credit Card
Fees & Rates
The annual fee is KES 7,000, which is steep compared to other cards in the market. A supplementary card will set you back an additional KES 2,000. The card has a monthly interest rate of 3.0%, translating to an APR of 36%, according to Standard Chartered's official page. Note, there's no lounge access with this Visa Platinum.
What's Actually Good
Where it shines is the 5% cashback on fuel and dining — a market-leading rate in Kenya. Additionally, you earn 1.5 reward points per KES 100 spent on all other purchases through the 360° Rewards program. With a credit limit of KES 300,000 and a 50-day interest-free period, it offers solid perks for heavy spenders.
The Catch
The KES 7,000 annual fee is the highest in the Kenyan market, which could deter those who don't spend enough on fuel and dining to justify the cost. The income requirement of KES 50,000+ monthly means it's not accessible to everyone. Plus, if you're looking for travel perks like airport lounge access, look elsewhere.
This Card Is For You If...
You're a high-income earner (KES 50,000+ per month) who spends significantly on dining and fuel. If you're someone who can maximize the 5% cashback categories, this card will serve you well. However, if you're looking for travel benefits, or don't meet the income requirement, this isn't your card.
The Bottom Line
For big spenders in Kenya who frequently dine out or drive, the Standard Chartered Visa Platinum Credit Card is unmatched in cashback rewards. But if you can't clear the annual fee with your spending or need travel perks, consider alternatives.