RBL BankRBL Bank Platinum Classic Credit Card – Benefits, Fees & Eligibility
Is the RBL Bank Platinum Classic Credit Card Right for You?
The RBL Bank Platinum Classic Credit Card is best suited for users who prioritize Shopping, Fuel. With a joining fee of ₹499 + GST and a renewal fee of ₹499 + 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, with a rewards rate of Earn 1 Reward Point for every INR 100 spent on all eligible categories..
Key Card Details
₹499 + GST
₹499 + GST
Reward Points
Earn 1 Reward Point for every INR 100 spent on all eligible categories.
The card is associated with high interest rates.
Notable Perks
Welcome Offer
Get 2,000 Reward points (worth approx. ₹400) on paying annual fee and spending ₹2,000 within 30 days.
Spend-Based Waiver
The annual fee of INR 499 for the subsequent year will be reversed if you spend INR 50,000 or more.
Fuel Surcharge Waiver
Enjoy a fuel surcharge waiver of up to INR 100 per month on transactions between INR 500-4,000.
Things to Consider
The RBL Bank Platinum Classic Credit Card is currently not available for new customers.
A redemption fee of ₹99 + GST is charged for redeeming reward points, reducing value.
Reward points are excluded on many common categories like fuel, utilities, and rent payments.
Benefits & Features
Welcome Offer
Get 2,000 Reward points (worth approx. ₹400) on paying annual fee and spending ₹2,000 within 30 days.
Rewards Rate
Earn 1 Reward Point for every INR 100 spent on all eligible categories.
Reward Type
Reward Points
Reward Redemption
Reward points can be redeemed via rblrewards.rbl.bank.in. A redemption fee of INR 99 + GST is applicable.
Fees & Charges
Joining Fee
₹499 + GST
Renewal Fee
₹499 + GST
Spend-Based Waiver
The annual fee of INR 499 for the subsequent year will be reversed if you spend INR 50,000 or more.
Interest Rates
The card is associated with high interest rates.
Fuel Surcharge Waiver
Enjoy a fuel surcharge waiver of up to INR 100 per month on transactions between INR 500-4,000.
Cash Advance Charges
A processing fee of 2.5% is applicable on cash advances, with a minimum charge of INR 500.
Rewards Redemption Fee
A fee of INR 99 + GST is applicable on the redemption of available reward points.
Pros & Cons
Pros
Key benefits and features of this card.
Generous welcome bonus of 2,000 Reward points upon meeting initial spend requirements.
Benefit from a monthly fuel surcharge waiver, saving up to ₹100 on fuel transactions.
Annual fee can be easily waived by spending ₹50,000, making it cost-effective.
Offers flexible EMI finance options to convert large purchases into manageable installments.
Provides Easy Cash facility for convenient ATM withdrawals up to your available limit.
Cons
Key drawbacks and limitations of this card.
The RBL Bank Platinum Classic Credit Card is currently not available for new customers.
A redemption fee of ₹99 + GST is charged for redeeming reward points, reducing value.
Reward points are excluded on many common categories like fuel, utilities, and rent payments.
Cash advance transactions incur a high processing fee of 2.5% with a minimum of ₹500.
The card is associated with high interest rates, which can be a drawback for balances.
Product Details
Welcome bonus of 2,000 Reward points on meeting initial spend criteria.
Monthly fuel surcharge waiver up to ₹100 on transactions between ₹500-₹4,000.
Annual fee waiver for subsequent year on spending ₹50,000 or more.
Convert large purchases into convenient EMIs with EMI Finance feature.
Access Easy Cash facility for unlimited ATM withdrawals up to your cash limit.
Earn 1 Reward Point for every ₹100 spent on eligible transactions.
Note: Card is currently not being sourced for new customers.
Reward points are not earned on a wide range of categories including Education, Insurance, Utilities, Rent, and Fuel.
Benefits & Features
Welcome Offer
Get 2,000 Reward points (worth approx. ₹400) on paying annual fee and spending ₹2,000 within 30 days.
Rewards Rate
Earn 1 Reward Point for every INR 100 spent on all eligible categories.
Reward Type
Reward Points
Reward Redemption
Reward points can be redeemed via rblrewards.rbl.bank.in. A redemption fee of INR 99 + GST is applicable.
What matters, explained clearly
Introduction
The Platinum Classic Credit Card from RBL Bank is positioned as a mid-range credit card designed to enhance everyday spending across various categories such as grocery, electronics, fashion, and automobile. It aims to add value through a robust rewards program, offering 1 Reward Point for every INR 100 spent. Key differentiating benefits include a welcome bonus of 2,000 Reward points and a monthly fuel surcharge waiver of up to INR 100.
Welcome Benefits
- Receive 2,000 Reward points upon payment of the annual fee and making spends of INR 2,000 within 30 days of card issuance.
- No welcome rewards will be provided for First Year Free cards.
- The value of 2,000 Reward Points is estimated at INR 400, assuming 1 Reward Point equals INR 0.25.
Fees
- Joining Fee: INR 499 plus applicable Service Tax.
- Renewal Fee: INR 499 plus applicable Service Tax.
- Spend-Based Waiver: The annual fee of INR 499 for the subsequent year will be reversed if you spend INR 50,000 or more in the preceding year.
- Rewards Redemption Fee: A fee of INR 99 + GST is applicable on the redemption of available reward points. This fee is levied once for all redemptions made in a single day.
- Fuel Surcharge:
- Enjoy a fuel surcharge waiver of up to INR 100 per month.
- The waiver is applicable on fuel transactions with a minimum value of INR 500 and a maximum value of INR 4,000.
- Cash Advance Charges: A processing fee of 2.5% is applicable on cash advances, with a minimum charge of INR 500.
Rewards
- Earn 1 Reward Point for every INR 100 spent on all eligible categories.
- Value of Reward Points: The value of 1 Reward Point varies from INR 0.11 to INR 0.25 across different categories on rblrewards.rbl.bank.in. For calculation purposes, a value of INR 0.25 per Reward Point is assumed.
- Categories Not Earning Reward Points (Effective November 13, 2023): Transactions made on Education, Insurance, Utilities, Rent Payments, and Wallet Load categories will not earn reward points.
- Categories Not Earning 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 will not be eligible for reward points.
- Merchant Category Codes (MCCs) for Excluded Categories (as per VISA & Mastercard guidelines):
- Fuel: 0032, 2541, 4001, 5542, 5541, 5172
- Utility: 4900
- Insurance: 6300, 6310
- Quasi-Cash: 6050, 6051, 4829
- Railways: 0066, 4011, 4112
- Rental: 6513
- Education: 8220, 8244, 8249, 8211, 8241, 8299
- Wallet: 6540
- Government Services: 9400, 1490, 2490, 2995, 7800, 9406, 9222, 9405, 9399, 9211, 9402, 9401, 9311, 9223
- Contracted Services: 1711, 1740, 0763, 1520, 0742, 1761, 1799, 1750, 1731, 1771, 0780
- Cash: 6011, 6010
- Miscellaneous: 5960
- Bills2Pay: Transaction Code - 71, Transaction Code - 72
- EMI
Rewards Redemption Guide
- Reward points can be redeemed via rblrewards.rbl.bank.in.
- A reward redemption fee of INR 99 + GST is applicable per day for all redemptions.
Important Product Details
- Welcome Benefit: Get 2,000 Reward points as a welcome bonus.
- Reward Rate: Earn 1 Reward Point for every INR 100 spent on eligible transactions.
- Fuel Surcharge Waiver: Enjoy a monthly fuel surcharge waiver of up to INR 100.
- Annual Fee Waiver: The annual fee can be waived for the subsequent year by spending INR 50,000 in a year.
- EMI Finance: Convert purchases of durables, electronics, furniture, clothes & accessories, groceries, and more into easy EMIs.
- Easy Cash: Unlimited withdrawal of your available cash limit from all ATMs in India up to your billing date.
- Exclusions: Reward points are not earned on a wide range of 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.
- Redemption Fee: A fee of INR 99 + GST applies to reward point redemptions.
- Cash Advance Fee: Cash advances incur a processing fee of 2.5% (minimum INR 500).
Other Details
- The Platinum Classic Credit Card is described as offering the "power of four cards in one."
- EMI Finance: This feature allows cardholders to divide purchases into easy EMIs.
- Easy Cash: Provides the flexibility to withdraw available cash limits from any ATM in India until the billing date.
- Current Availability: Please note that RBL Bank is currently not sourcing the Platinum Classic Credit Card for new customers.
- Interest Rates: The card is associated with high interest rates.
- Terms and Conditions apply to all features and benefits, with detailed documents available for reference including Most Important Terms and Conditions (MITC), Cardmember Agreement, and Schedule of Charges.