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

Introduction

The RBL Bank Platinum Choice SuperCard, issued by RBL Bank, is a mid-range credit card designed to add value to a wide range of everyday spends, including groceries, electronics, fashion, and automobiles. It offers a comprehensive rewards program with accelerated points on online purchases, significant discounts on movie tickets, and a valuable fuel surcharge waiver. The card also provides spend-based fee waivers and various instant cash facilities, making it a versatile option for consumers seeking high savings and convenience.

Welcome Benefits

• Get 2,000 Reward Points upon payment of the joining fee and making spends of INR 2,000 within 30 days of card issuance.
• Note: No welcome rewards will be given to First Year Free cards.
• The value of 2,000 Reward Points is approximately INR 400 (assuming 1 Reward Point = INR 0.25).

Fees

• Joining Fee: INR 499 plus Goods and Service Tax (GST).
• Annual Fee: INR 499 plus Goods and Service Tax (GST).
• Spend-Based Waiver:
  • Spend INR 50,000 in a year to get the next year's annual fee of INR 499 reversed.
  • Spend INR 30,000 or more in the first year to get the annual fee for the second year waived.
• Rewards Redemption Fee: INR 99 + GST is applicable on redemption of available reward points. This fee is levied one time for all redemptions made in a single day.
• Cash Advance Charges:
  • For "Easy Cash" withdrawals from ATMs in India: A processing fee of 2.5% is applicable, with a minimum of INR 500.
  • For "Emergency Cash Advance": Convert available cash limit to a 3-month personal loan at an interest rate of 1.16% per month, with no processing fee.
• Fuel Surcharge: A fuel surcharge waiver of up to INR 100 per month is provided. The surcharge is applicable on minimum fuel transactions of INR 500 and maximum of INR 4,000.

Rewards

• General Spends: Earn 1 Reward Point for every INR 100 spent on all eligible purchases.
• Online Spends: Earn 2X Reward Points (2 Reward Points for every INR 100 spent) on all online spends, with a maximum cap of 1,000 Reward Points per month.
• Spend-based Bonus: On spending INR 75,000 in a year, get 5,000 reward points.
• Movies: Get 10% off on BookMyShow, up to INR 100 every month. This offer can be availed by applying it under the offers/discounts section on the BookMyShow checkout page.
• Fuel: Experience a fuel surcharge waiver of up to INR 100 per month. This waiver is applicable on fuel transactions between INR 500 and INR 4,000.
• Reward Point Value: The value of 1 Reward Point varies from INR 0.11 to INR 0.25 across different categories. For calculation purposes, a value of INR 0.25 per Reward Point is assumed.
• Reward Point Exclusions:
  • Transactions made on Education, Insurance, Utilities, Rent Payments, Fuel, and Wallet Load categories will not earn reward points.
  • Effective from October 15, 2024, transactions made on Auto, Quasi-Cash, Railways, Real Estate, Service Providers, Government Services, Contracted Services, Bills2pay, EMI, Miscellaneous & Cash categories are also not eligible for reward points.

Rewards Redemption Guide

• Reward points can be redeemed by visiting rblrewards.rbl.bank.in.
• A reward redemption fee of INR 99 + GST is applicable for each redemption instance, charged once per day for all redemptions made within that day.

Card Eligibility Criteria

• To check eligibility for the card, you can visit the RBL Bank website.
• Documents Required:
  • Income Proof: Income Tax Returns, Salary Slip, or Form 16.
  • Address Proof: Aadhaar Card, Voter ID, Passport, or Ration Card.
  • Identity Proof: Aadhaar Card, Driving License, or Passport.
  • Any other document requested by the bank.

Card Review

The RBL Bank Platinum Choice SuperCard is a suitable choice for individuals who have diverse spending habits and frequently make online purchases. Its accelerated reward points on online spends, coupled with a monthly discount on BookMyShow and a fuel surcharge waiver, offer tangible savings. The card's spend-based fee waiver conditions make it possible to offset the annual fee, enhancing its value proposition. The "SuperCard" features like Easy Cash, Emergency Cash Advance, Dial for Cash, Split n Pay, Xpress Cash, and Transfer n Pay provide significant financial flexibility. However, users should be aware of the reward point exclusions on certain categories and the reward redemption fee. Overall, it's a well-rounded mid-range card for those looking to maximize rewards on everyday and online spending while benefiting from various financial services.

Important Product Details

• The card is positioned as having the "power of four cards in one."
• Easy Cash: Allows unlimited withdrawal of available cash limit from all ATMs in India up to your billing date (maximum of 50 days), subject to a processing fee of 2.5% (minimum INR 500).
• Emergency Cash Advance: Convert your available cash limit into a 3-month personal loan at an interest rate of 1.16% per month, with no processing fee.
• Global Acceptance: The card can be used anywhere in the world.
• Security Features:
  • Comes with a PIN-based-EMV chip for enhanced security.
  • Offers OTP-based transactions for online security.
  • Provides Zero Fraud Liability in case the card is stolen or lost, provided the bank's customer care is immediately informed.
• Value-Added Features:
  • Dial for Cash: Offers instant pre-approved loans with flexible tenure options.
  • Split n Pay: Allows conversion of purchases of INR 3,000 and more into Easy Monthly Instalments (EMIs) at affordable interest rates and a minimal processing fee.
  • Xpress Cash: Facilitates availing a loan within your credit limit, repayable in EMIs.
  • Transfer n Pay: Enables transferring outstanding balances from other bank credit cards to your Platinum Choice SuperCard at an affordable interest rate, with repayment in EMIs.
  • Tap and Pay: Supports quick and contactless payments of up to INR 5,000 at retail stores.
• Card settings, including purchase limits, can be managed using the RBL MyCard Mobile App.
• The RBL MyCard Mobile App registration process involves entering the 16-digit card number, date of birth, expiry date, OTP, and creating an M-PIN.

Other Details

• Terms and Conditions apply to all offers and features.
• Categories/MCCs for transactions are defined as per VISA & Mastercard guidelines.
• Modifications to product terms regarding reward point exclusions are effective from October 15, 2024.
• In case of a lost card, it must be immediately reported to RBL Bank credit card customer care to block it.