RBL BankIs the RBL Bank Platinum Bonus Credit Card Right for You?
The RBL Bank Platinum Bonus Credit Card is best suited for users who prioritize . With a joining fee of ₹999 + GST and a renewal fee of ₹999 + GST, this card is positioned for cardholders who can maximize its benefits to justify the cost. It offers Reward Points as its primary reward mechanism.
Key Card Details
₹999 + GST
₹999 + GST
Reward Points
Notable Perks
Fee Waiver
The second-year annual fee will be waived off if you spend Rs.1,00,000 within the first one year.
Things to Consider
ATM withdrawals, though interest-free, are subject to a 2.5% processing fee.
The card carries both joining and annual fees, though the latter can be waived.
Benefits & Features
Welcome Offer
6,000 Reward Points (valued at Rs.1,500) on fee payment & Rs.2k spend in 30 days.
Reward Type
Reward Points
What matters, explained clearly
Introduction
The RBL Bank Platinum Bonus SuperCard is a mid-range credit card issued by RBL Bank, designed to reward users across various spending categories and offer significant savings. Its top differentiating benefits include a welcome bonus of 6,000 Reward Points, the unique facility of unlimited interest-free ATM withdrawals for up to 50 days (with a processing fee), and the option to convert the available cash limit into a 3-month interest-free personal loan. The card also offers attractive milestone rewards and an annual fee waiver based on spending.
Welcome Benefits
- Receive 6,000 Reward Points as a welcome gift.
- These 6,000 Reward Points are awarded when the joining fees are paid and Rs.2,000 is spent within 30 days of the card's issuance date.
- The welcome gift of 6,000 Reward Points is valued at Rs.1,500.
Fees
- Joining Fee: Rs.999 (plus Service Tax).
- Annual Fee: Rs.999 (plus Service Tax).
- Spend-Based Waiver: The second-year annual fee will be waived off if you spend Rs.1,00,000 within the first one year.
- ATM Withdrawal Processing Fee: A processing fee of 2.5% will be applicable on ATM withdrawals.
- Personal Loan Interest Rate: 1.16% per month for the 3-month personal loan conversion.
- Personal Loan Processing Fee: No processing fee will be levied for converting your cash limit into a 3-month personal loan.
Rewards
- Welcome Reward Points: Get 6,000 Reward Points as a welcome gift.
- Monthly Transaction Rewards: Earn 1,500 Reward Points on 4 transactions of Rs.1,000 or more every month. This benefit is valued at Rs.3,750 annually.
- Annual Milestone Rewards: Receive 5,000 Reward Points every time you spend Rs.1,00,000 within one year. This benefit is valued at Rs.1,250.
- ATM Benefits: Avail unlimited interest-free ATM withdrawal facilities on your cash limit from all ATMs in the country until your date of billing, for a maximum period of 50 days. A processing fee of 2.5% will be applicable.
- Loan Benefits: You can convert your cash limit into a 3-month personal loan. The interest rate levied will be 1.16% per month, with no processing fee.
- Total Annual Benefits: The total benefits per annum are estimated to be Rs.7,500+.
Rewards Redemption Guide
- The value of 6,000 welcome reward points is Rs.1,500.
- The value of 1,500 reward points on 4 monthly transactions of Rs.1,000 and more is Rs.3,750 annually.
- The value of 5,000 reward points for spending Rs.1,00,000 in one year is Rs.1,250.
Card Eligibility Criteria
Documents required
- Proof of Address:
- Passport
- Voter ID
- Ration Card
- Aadhaar card
- Identity Proof:
- Driving Licence
- Aadhaar card
- Passport
- Income Proof:
- Form 16
- Salary Slip
- IT Returns
Card Review
The RBL Bank Platinum Bonus SuperCard is a rewarding card for individuals who frequently spend and can meet the annual spending threshold for fee waivers and bonus points. Its unique selling propositions include the ability to convert a cash limit into an interest-free personal loan for three months and unlimited interest-free ATM withdrawals for up to 50 days, which can be very useful for managing short-term liquidity. The card offers attractive welcome and milestone rewards, making it a good option for those looking to maximize benefits on their spending.
- Pros:
- Generous welcome bonus and milestone rewards.
- Annual fee waiver on achieving a spend target.
- Unique interest-free personal loan conversion from cash limit.
- Unlimited interest-free ATM withdrawals for up to 50 days.
- Easy to monitor and manage via RBL Bank's mobile application and official website.
- Cons:
- ATM withdrawals incur a 2.5% processing fee despite being interest-free.
- Joining and annual fees apply (though the annual fee is waivable).
Important Product Details
- Positive Highlights:
- Enjoy elevated living with 6,000 Reward points as a Welcome benefit.
- Unlimited interest-free ATM withdrawal of your available cash limit for up to 50 days.
- Second year fee reversal on spends of INR 1,00,000.
- Receive 6,000 Reward Points when you pay the joining fees and spend Rs.2,000 within 30 days of card issuance.
- Earn 1,500 Reward Points on 4 transactions of Rs.1,000 or more every month.
- Get 5,000 Reward Points every time you spend Rs.1,00,000 within one year.
- Option to convert your cash limit into a 3-month personal loan with an interest rate of 1.16% per month and no processing fee.
- Total annual benefits can exceed Rs.7,500.
- Card is easy to monitor and manage using RBL Bank's mobile application and official website.
- Negative Highlights:
- Joining Fee of Rs.999 (plus Service Tax).
- Annual Fee of Rs.999 (plus Service Tax).
- ATM withdrawals are subject to a 2.5% processing fee.
Other Details
- Terms and Conditions Apply.
- The credit limit for the RBL Bank Platinum Bonus SuperCard is determined by the bank based on factors such as credit utilization ratio, credit score, and past repayment habits.
- RBL credit cards offer EMI plans to customers.
- Display of any trademarks, tradenames, logos, and other intellectual property belongs to their respective owners and does not imply BankBazaar's partnership with them.