RBL Bank Platinum Advantage Credit Card – Benefits, Fees & Eligibility

Introduction

The RBL Bank Platinum Advantage SuperCard is a general-purpose credit card issued by RBL Bank, designed to cater to basic spending needs while offering value through a rewards program. It positions itself as an entry to mid-range card, providing benefits on everyday spends like movies and fuel. Key differentiating benefits include welcome reward points, a monthly fuel surcharge waiver, and discounts on movie ticket bookings.

Welcome Benefits

• Earn 2,000 Reward Points upon payment of the joining fee and spending INR 2,000 within 30 days of card issuance.
• Alternatively, some offers state 2,000 reward points when the joining fee is paid and INR 2,000 is spent within 60 days of card issuance.
• The value of the welcome gift of 2,000 Reward Points is estimated at INR 300.
• No welcome rewards will be provided for First Year Free cards.

Fees

• Joining Fee: INR 499 plus Goods and Service Tax (GST).
• Annual Fee: INR 499 plus Goods and Service Tax (GST).
• Rewards Redemption Fee: INR 99 plus GST is applicable on redemption of available reward points. This fee is levied one time for all redemptions made in a single day.
• Fuel Surcharge: A fuel surcharge waiver of up to INR 100 per month is available. The surcharge is applicable on minimum fuel transactions of INR 500 and maximum of INR 4,000.
• Cash Advance Charges: Unlimited and interest-free withdrawals from all ATMs in India for a maximum period of 50 days. A processing fee of 2.5% is applicable on cash advances.

Rewards

• General Spends: Earn 1 Reward Point for every INR 100 spent on eligible transactions.
• Movie Benefits: Get a 20% discount on BookMyShow movie tickets, available 15 times in a year, with a maximum discount of up to INR 100 per transaction. The annual value of this benefit is estimated at INR 1,500.
  • To avail, apply the offer under the offers/discounts section on the BookMyShow checkout page. Cardmembers need to add their card details and expiry date. This offer cannot be clubbed with any other offer.
• Fuel Benefits: Enjoy a fuel surcharge waiver of up to INR 100 per month. This waiver applies to fuel transactions between INR 500 and INR 4,000. The annual value of this benefit is estimated at INR 1,200.
• Reward Point Exclusions:
  • Effective November 13, 2023, transactions made on Education, Insurance, Utilities, Rent Payments, and Wallet Load categories will not earn reward points.
  • Effective from October 15, 2024, transactions made on Fuel & Auto, Quasi-Cash, Railways, Real Estate, Service Providers, Government Services, Contracted Services, Bills2pay, EMI, Miscellaneous & Cash categories are not eligible for reward points.
  • Categories/MCCs (Merchant Category Codes) will be defined as per VISA & Mastercard guidelines.

Rewards Redemption Guide

• Reward points can be redeemed via the RBL Bank rewards portal.
• A reward redemption fee of INR 99 + GST is charged per redemption, applied once for all redemptions made in a single day.

Card Eligibility Criteria

• Documents Required:
  • Proof of Address: Ration Card, Passport, Voter ID, Aadhaar card.
  • Identity Proof: Driving Licence, Passport, Aadhaar card.
  • Income Proof: Form 16, IT Returns, Salary Slip.
• The bank may request additional documents as required.

Card Review

The RBL Bank Platinum Advantage SuperCard is positioned as a credit card to serve basic needs, offering value through its rewards program on various spending categories. It comes with an affordable joining and annual fee of INR 499 + GST. The card provides a welcome gift of 2,000 reward points (valued at INR 300), a 20% discount on BookMyShow movie tickets (up to INR 1,500 annually), and a monthly fuel surcharge waiver of INR 100 (up to INR 1,200 annually). General spending earns 1 reward point for every INR 100 spent. A significant feature of the "SuperCard" variant is the provision for unlimited and interest-free cash withdrawals from ATMs for up to 50 days, though a 2.5% processing fee applies.

Pros:

• Affordable joining and annual fees.
• Valuable welcome benefits.
• Regular discounts on movie tickets.
• Monthly fuel surcharge waiver.
• Rewards on general spending.
• Worldwide acceptance.
• Interest-free cash withdrawals from ATMs for up to 50 days.

Cons:

• A reward redemption fee is applicable.
• Extensive list of categories excluded from earning reward points, including common ones like fuel, utilities, insurance, and rent payments, which significantly limits reward earning potential.
• A processing fee is charged for cash advances.

Who should apply: This card is suitable for individuals looking for a basic, general-purpose credit card with specific benefits on movies and fuel, and who might occasionally need the cash advance facility. However, users should be aware of the broad categories excluded from reward point accumulation, which might reduce the overall value for high spenders in those areas. The total annual benefits are estimated at INR 3,450+.

Important Product Details

• Welcome Offer: 2,000 Reward Points on spending INR 2,000 within 30 or 60 days of card issuance and paying the joining fee, valued at INR 300.
• Movie Discount: 20% off on BookMyShow, 15 times a year, up to INR 100 per transaction (annual value INR 1,500).
• Fuel Surcharge Waiver: Up to INR 100 per month on transactions between INR 500 and INR 4,000 (annual value INR 1,200).
• Reward Earning Rate: 1 Reward Point for every INR 100 spent on eligible categories.
• Cash Advance Feature: Unlimited and interest-free cash withdrawals from ATMs for up to 50 days, subject to a 2.5% processing fee.
• Fees: Joining Fee and Annual Fee of INR 499 + GST each.
• Reward Redemption Fee: INR 99 + GST per day of redemption.
• Reward Exclusions: Many categories, including Education, Insurance, Utilities, Rent Payments, Wallet Load, Fuel & Auto, Quasi-Cash, Railways, Real Estate, Service Providers, Government Services, Contracted Services, Bills2pay, EMI, Miscellaneous & Cash, do not earn reward points.

Other Details

• The card can be easily managed on the RBL MyCard mobile application.
• Bill payments can be quickly done on the bank's official website.
• The credit limit on the card is fixed by the bank based on factors like credit score, credit utilization ratio, and past repayment habits.
• All offers and benefits are subject to Terms & Conditions.
• Detailed Most Important Terms and Conditions (MITC) and Cardmember Agreement are available on the RBL Bank website.