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

Introduction

The RBL Bank Platinum Edge SuperCard is a versatile credit card designed to enhance diverse spending habits and lifestyles. Positioned as a comprehensive offering, it aims to provide high savings across various categories such as grocery, electronics, fashion, automobile, and fuel. The card differentiates itself with best-in-class rewards, exclusive movie ticket offers, dining benefits, and complimentary airport lounge access, promising annual rewards worth INR 17,999+.

Welcome Benefits

• Receive 8,000 Reward Points upon payment of the annual fee and spending INR 2,000 within 30 days of card issuance.
• Note: Welcome rewards are not applicable for First Year Free cards.

Fees

• Joining Fee: INR 1,999 plus GST/taxes.
• Annual Fee: INR 1,999 plus GST/taxes.
• Spend-Based Waiver: The annual fee for the subsequent year will be reversed if you spend INR 2,00,000 or more in a year.
• Rewards Redemption Fee: A fee of INR 99 + GST is applicable for each reward point redemption. This fee is levied once per day, irrespective of the number of redemptions made on that day.
• Fuel Surcharge: A fuel surcharge waiver of up to INR 100 per month is provided. This 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% (minimum INR 500) is applicable for cash advances or Easy Cash withdrawals from ATMs.

Rewards

• General Spends: Earn 2 Reward Points for every INR 100 spent on most categories.
• Online Spends: Get 2X Reward Points (4 Reward Points for every INR 100) on all online purchases, with a maximum cap of 1,000 Reward Points.
• Milestone Benefits:
  • Receive 10,000 Reward Points on spending INR 1,50,000 in a year.
  • Earn an additional 5,000 Reward Points for every INR 1,00,000 spent thereafter.
• Movie Benefits: Enjoy 1+1 free movie ticket (up to INR 200) on BookMyShow once a month. To avail, apply the offer under the offers/discounts section on the BookMyShow checkout page.
• Domestic Airport Lounge Access: Get 1 complimentary visit every quarter (total 4 per year) to domestic lounges at major airports in India. This benefit is unlocked by spending INR 35,000 or more in the preceding calendar quarter (excluding rental spends).
• EMI Finance: Convert purchases of durables, electronics, furniture, clothes, accessories, groceries, and more into easy EMIs. Purchases of INR 3,000 and above can be converted into EMIs at affordable interest rates and nominal processing fees.
• Concierge Service: Access complimentary concierge services.
• Loan Benefits:
  • Dial for Cash Program: Avail a pre-approved loan without blocking your card's limit, repayable in Easy Monthly Instalments (EMIs) with multiple tenure options.
  • Transfer n Pay Program: Transfer outstanding balances from credit cards of other banks to your Platinum Edge SuperCard at low interest rates.
  • Cash Advance Program: Offers a credit-free period for a maximum of 50 days for cash withdrawals.
  • Xpress Cash: Get instant loans within your credit limit, repayable in EMIs.
• Contactless Payments: Make quick and convenient tap and pay transactions at retail stores for payments up to INR 5,000 at once.

Rewards Redemption Guide

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

Card Eligibility Criteria

• Documents Required:
  • Identity Proof: Driving Licence, Passport, Aadhaar card.
  • Proof of Address: Ration Card, Passport, Voter ID, Aadhaar card.
  • Income Proof: Form 16, IT Returns, Salary Slip.
• Credit Limit Determination: The credit limit is determined by the bank based on various factors, including your credit score, credit utilization ratio, and timely repayment history of past debts.

Card Review

The RBL Bank Platinum Edge SuperCard is a strong contender for individuals seeking a credit card that offers substantial value across a broad spectrum of spending categories. With annual rewards potentially exceeding INR 17,999, it provides significant benefits for movies, travel, and everyday purchases. The card's "power of four cards in one" positioning highlights its versatility, offering features like EMI conversion, various loan programs, and cash advance facilities.

Pros:

• High potential annual rewards value.
• Generous welcome bonus.
• Regular movie benefits (1+1 free ticket monthly).
• Complimentary domestic airport lounge access.
• Fuel surcharge waiver.
• Attractive reward points on general and online spends, with milestone bonuses.
• Annual fee waiver based on spending.
• Flexible EMI and cash advance options.

Cons:

• Lounge access is conditional on quarterly spending.
• 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, and cash transactions (some exclusions effective from October 15, 2024).
• A fee is charged for reward point redemption.

Who should apply: This card is ideal for individuals with diverse spending habits who can leverage its benefits across movies, online shopping, and travel. Those who can meet the annual spend threshold for fee waivers and lounge access will find the card particularly rewarding.

Important Product Details

• Annual Rewards worth INR 17,999+.
• Get 8,000 Reward Points as a welcome gift on fee payment and INR 2,000 spend within 30 days.
• Enjoy 1+1 free movie ticket (up to INR 200) on BookMyShow once a month.
• Receive 4 complimentary domestic airport lounge accesses per year, subject to a spend of INR 35,000 in the preceding calendar quarter (excluding rental spends).
• Benefit from a fuel surcharge waiver of up to INR 100 per month on transactions between INR 500 and INR 4,000.
• Earn 2 Reward Points for every INR 100 spent, and 2X Reward Points (4 RP per INR 100) on online spends (max 1,000 RP).
• Achieve milestone benefits of 10,000 Reward Points on spending INR 1,50,000 in a year, plus an additional 5,000 Reward Points for every INR 1,00,000 spent thereafter.
• Annual fee of INR 1,999 + GST, which can be waived on spending INR 2,00,000 in a year.
• Cash advance facility available with a processing fee of 2.5% (minimum INR 500) and an interest-free period of up to 50 days.
• Purchases of INR 3,000 and above can be converted into EMIs.
• A reward redemption fee of INR 99 + GST is applicable per redemption.
• Reward points are not earned on specific 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 transactions (some exclusions effective from October 15, 2024).

Other Details

• The card requires a 4-digit PIN and an updated mobile number for online purchases.
• The lounge program is offered by MasterCard/Visa.
• Additional benefits and usage details can be found in the Benefits and Usage (BUG) Guide provided with the card.
• The card is described as having the "power of four cards in one."
• All offers and benefits are subject to Terms and Conditions.
• Links to Most Important Terms and Conditions (MITC), Cardmember Agreement, and Schedule of Charges are available for detailed information.