RBL BankRBL Bank Platinum Max Credit Card – Benefits, Fees & Eligibility
Is the RBL Bank Platinum Max Credit Card Right for You?
The RBL Bank Platinum Max Credit Card is best suited for users who prioritize Movies, Dining, Shopping. 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, with a rewards rate of Earn 2 Reward Points for every INR 100 spent on most categories..
Key Card Details
₹999 + GST
₹999 + GST
Reward Points
Earn 2 Reward Points for every INR 100 spent on most categories.
Notable Perks
Welcome Offer
Receive 4,000 Reward Points upon payment of the annual fee and making spends of INR 2,000 within 30 days.
Movie Benefits
Get 1+1 free movie ticket (up to INR 200) on BookMyShow, once a month, on any Wednesday.
Fuel Surcharge Waiver
A waiver of up to INR 100 per month is provided on fuel transactions between INR 500 and INR 4,000.
Things to Consider
The card carries an annual fee of INR 999 plus GST, adding to the overall cost.
A reward redemption fee of INR 99 plus GST is charged per redemption instance.
Many common spending categories are excluded from earning reward points, limiting earning potential.
Benefits & Features
Welcome Offer
Receive 4,000 Reward Points upon payment of the annual fee and making spends of INR 2,000 within 30 days.
Rewards Rate
Earn 2 Reward Points for every INR 100 spent on most categories.
Reward Type
Reward Points
Reward Redemption
Reward points can be redeemed via the RBL Bank rewards portal. Value varies from INR 0.11 to INR 0.25.
Movie Benefits
Get 1+1 free movie ticket (up to INR 200) on BookMyShow, once a month, on any Wednesday.
Dining Benefits
Avail a 5% discount on dining spends, earned as 20 Reward Points for every INR 100 spent on Wednesdays.
Fees & Charges
Joining Fee
₹999 + GST
Renewal Fee
₹999 + GST
Fuel Surcharge Waiver
A waiver of up to INR 100 per month is provided on fuel transactions between INR 500 and INR 4,000.
Cash Advance Charges
A processing fee of 2.5% (minimum INR 500) is applicable for Easy Cash withdrawals from ATMs.
Rewards Redemption Fee
INR 99 plus GST, applicable once per day for all redemptions made on that day.
Pros & Cons
Pros
Key benefits and features of this card.
Enjoy a generous welcome bonus of 4,000 Reward Points upon card issuance.
Benefit from monthly 1+1 free movie tickets on BookMyShow, saving on entertainment.
Avail accelerated rewards equivalent to a 5% discount on dining spends every Wednesday.
Receive a valuable fuel surcharge waiver of up to INR 100 each month on transactions.
Conveniently convert large purchases into easy EMIs for flexible repayment options.
Cons
Key drawbacks and limitations of this card.
The card carries an annual fee of INR 999 plus GST, adding to the overall cost.
A reward redemption fee of INR 99 plus GST is charged per redemption instance.
Many common spending categories are excluded from earning reward points, limiting earning potential.
Cash advance withdrawals are subject to a processing fee of 2.5% (minimum INR 500).
Product Details
Convert purchases into easy EMIs for flexible repayment.
Access Easy Cash withdrawals from all ATMs in India.
Unlimited cash withdrawals up to the billing date.
Mid-range lifestyle card designed for diverse spending habits.
Reward point exclusions apply to specific merchant categories.
Offers high savings on grocery, electronics, fashion, and automobile spends.
Benefits & Features
Welcome Offer
Receive 4,000 Reward Points upon payment of the annual fee and making spends of INR 2,000 within 30 days.
Rewards Rate
Earn 2 Reward Points for every INR 100 spent on most categories.
Reward Type
Reward Points
Reward Redemption
Reward points can be redeemed via the RBL Bank rewards portal. Value varies from INR 0.11 to INR 0.25.
Movie Benefits
Get 1+1 free movie ticket (up to INR 200) on BookMyShow, once a month, on any Wednesday.
Dining Benefits
Avail a 5% discount on dining spends, earned as 20 Reward Points for every INR 100 spent on Wednesdays.
What matters, explained clearly
Introduction
The Platinum Max Credit Card from RBL Bank is positioned as a mid-range lifestyle credit card designed to complement diverse spending habits, offering high savings on various categories like grocery, electronics, fashion, and automobile. Key differentiating benefits include a generous welcome bonus of 4,000 Reward Points, monthly free movie tickets on BookMyShow, and a 5% discount on dining spends.
Welcome Benefits
- Receive 4,000 Reward Points upon payment of the annual fee and making spends of INR 2,000 within 30 days of card issuance.
- Welcome rewards are not applicable for First Year Free cards.
- The value of 4,000 Reward Points is estimated at INR 1,000 (assuming 1 Reward Point = INR 0.25).
Fees
- Joining Fee: INR 999 plus Service Tax.
- Renewal Fee: INR 999 plus Service Tax (implied as annual fee).
- Rewards Redemption Fee: INR 99 plus GST, applicable once per day for all redemptions made on that day.
- Fuel Surcharge: A waiver of up to INR 100 per month is provided. The surcharge is applicable on fuel transactions between INR 500 and INR 4,000.
- Cash Advance Charges: A processing fee of 2.5% (minimum INR 500) is applicable for Easy Cash withdrawals from ATMs.
Rewards
- Movies:
- Get 1+1 free movie ticket (up to INR 200) on BookMyShow, once a month, on any Wednesday.
- To avail, apply under the offers/discounts section on the BookMyShow checkout page by adding card details and expiry date.
- This offer cannot be clubbed with any other offer.
- Estimated annual value: INR 2,400.
- General Spends:
- Earn 2 Reward Points for every INR 100 spent on most categories.
- Estimated annual value: INR 1,125 (assuming INR 2,25,000 annual spends).
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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 October 15, 2024: Transactions made on Fuel & Auto, Quasi-Cash, Railways, Real Estate, Service Providers, Government Services, Contracted Services, Bills2pay, EMI, Miscellaneous, and Cash categories will not be eligible for reward points.
- Dining:
- Avail a 5% discount on dining spends, earned as 20 Reward Points for every INR 100 spent on Wednesdays.
- Maximum rewards for dining are capped at 1,000 Reward Points per month.
- Estimated annual value: INR 1,250 (assuming INR 25,000 annual dining spends).
- Fuel:
- Enjoy a fuel surcharge waiver of up to INR 100 per month.
- The waiver applies to fuel transactions between INR 500 and INR 4,000.
- Estimated annual value: INR 1,200.
Rewards Redemption Guide
- Reward points can be redeemed via the RBL Bank rewards portal.
- The value of 1 Reward Point varies from INR 0.11 to INR 0.25 across different redemption categories. For illustrative calculations, 1 Reward Point is assumed to be INR 0.25.
- A reward redemption fee of INR 99 plus GST is applicable per redemption instance (one time for redemptions made in a single day).
Important Product Details
- Pros:
- Generous welcome bonus of 4,000 Reward Points.
- Monthly 1+1 free movie tickets on BookMyShow.
- Accelerated rewards (5% discount equivalent) on dining spends on Wednesdays.
- Fuel surcharge waiver up to INR 100 per month.
- Option to convert purchases into easy EMIs.
- Access to Easy Cash withdrawals from ATMs.
- Cons:
- Annual fee of INR 999 + GST.
- Reward redemption fee of INR 99 + GST.
- Specific categories like Education, Insurance, Utilities, Rent Payments, Wallet Load, Fuel & Auto, and others are excluded from earning reward points.
- Cash advance withdrawals incur a processing fee.
Other Details
- EMI Finance: Convert purchases of durables, electronics, furniture, clothes & accessories, groceries, and more into easy EMIs.
- Easy Cash: Unlimited withdrawal of available cash limit from all ATMs in India up to the billing date. A processing fee of 2.5% (minimum INR 500) applies.
- Specific merchant category codes (MCCs) define transaction exclusions for reward points as per VISA & Mastercard guidelines.
- Legal disclaimers and detailed terms and conditions are available on the bank's website.