RBL Bank Platinum Maxima Plus Credit Card – Benefits, Fees & Eligibility

RBL Bank Platinum Maxima Plus Credit Card

Introduction

The RBL Bank Platinum Maxima Plus Credit Card offers a comprehensive rewards experience with exclusive benefits and discount offers. It comes with a joining fee of Rs. 2,500 and provides a welcome bonus of 10,000 Reward Points (equivalent to Rs. 2,000). Cardholders earn 2 Reward Points for every Rs. 100 spent, with an accelerated rate of 5x Reward Points on dining, entertainment, grocery, and international transactions. Additionally, it offers exciting movie benefits including a complimentary movie ticket monthly on BookMyShow and two complimentary domestic airport lounge accesses every quarter. The card also features substantial milestone benefits, allowing users to earn up to 30,000 bonus Reward Points annually based on spending.

Welcome Benefits

• Enjoy 10,000 Reward Points as a welcome benefit.
• The welcome benefit is credited upon making your first purchase within the first 30 days after the card issuance.
• To avail of this welcome benefit, you should have the RBL MyCard Mobile App downloaded on your mobile phone.

Fees

• Joining Fee: Rs. 2,500 + GST
• Renewal Fee: Rs. 2,500 + GST
• Spend-Based Waiver: The renewal fee cannot be waived.
• Rewards Redemption Fee: Rs. 99 + GST
• Foreign Currency Markup: Up to 3.5% on all foreign currency transactions.
• Interest Rates: 3.99% Per Month (equivalent to 47.88% Per Annum).
• Fuel Surcharge: 1% fuel surcharge waiver at all fuel stations for transactions between Rs. 500 and Rs. 4,000.
• Cash Advance Charges: 2.5% of the advanced amount or a minimum of ₹500, whichever is higher.

Rewards

Rewards Rate

• Earn 2 Reward Points on every spend of Rs. 100 on all your purchases.
• Earn 5x Reward Points (i.e., 10 Reward Points) on every spend of Rs. 100 on dining, entertainment, grocery, and international transactions.
• The maximum benefit through the 5x Reward offer is capped at 1,000 Reward Points per transaction.
• No reward points shall be earned on fuel, railways, rent, insurance, and utility payments.

Movie Benefits

• Get 1 complimentary movie ticket on purchasing a minimum of two movie tickets on BookMyShow.
• This offer can be availed once every month.
• The maximum price of the free ticket is capped at Rs. 200 per ticket.
• You can avail of this offer by selecting the ‘Buy 1 Get 1 Free’ offer in the offers/discount section on BookMyShow.
• This movie benefit is only for primary cardholders.

Travel Benefits

• Domestic Lounge Access:
  • Receive 2 complimentary domestic lounge accesses every quarter, totaling 8 accesses per year.
  • To be eligible for complimentary lounge access in a quarter, you need to spend ₹35,000 or more in the previous quarter.
  • Only one person per card is allowed for the complimentary lounge visits.
• International Lounge Access: No complimentary international lounge access is provided with this card.

Milestone Benefits

• Earn 10,000 bonus Reward Points on spending Rs. 2 lakhs or more in a year.
• Earn an additional 10,000 Reward Points as a bonus for spending Rs. 3.5 lakhs in a year.
• Receive a further 10,000 Reward Points as a bonus for spending Rs. 5 lakhs in a year.
• Overall, you can save up to 30,000 Reward Points every year under the milestone benefits.

Fuel Surcharge Waiver

• Get a 1% fuel surcharge waived at all fuel stations across the country.
• This waiver applies to fuel transactions between Rs. 500 and Rs. 4,000.

Rewards Redemption Guide

• The Reward Points you earn can be redeemed easily by logging in to the RBL Rewards portal.
• You can redeem your Reward Points against flight bookings, hotel bookings, products, and several other options available at the portal.
• The value of 1 Reward Point is Re. 0.25.

Card Review

The RBL Bank Platinum Maxima Plus Credit Card is a great choice for individuals who prioritize saving through reward points and seek benefits across various categories like travel and movies. It serves as a superior version, offering exciting reward programs and exclusive benefits. The card's milestone benefits are a significant feature, allowing cardholders to earn up to 30,000 Reward Points annually, equivalent to Rs. 7,500. This makes it an appealing option for those looking for a comprehensive credit card with strong reward-earning potential, especially if they can meet the annual spending milestones. However, it's important to note that the renewal fee is not waivable.

Important Product Details

• Welcome bonus of 10,000 Reward Points.
• Earn 2 Reward Points per Rs. 100 spent on all purchases.
• Earn 5x Reward Points on dining, entertainment, grocery, and international transactions.
• Buy 1 Get 1 Free offer on movie tickets once every month on BookMyShow, capped at Rs. 200.
• Receive 2 complimentary domestic lounge accesses each quarter, subject to spending ₹35,000 in the previous quarter.
• Up to 30,000 bonus Reward Points annually under milestone benefits.
• Get a 1% fuel surcharge waiver on transactions between Rs. 500 and Rs. 4,000.
• Joining Fee: Rs. 2,500 + GST.
• Renewal Fee: Rs. 2,500 + GST (not waivable).
• Rewards Redemption Fee: Rs. 99 + GST.
• Foreign Currency Markup: Up to 3.5%.
• Interest Rate: 3.99% per month (47.88% per annum).
• Cash Advance Charges: 2.5% or a minimum of ₹500.
• No complimentary international lounge access.
• No reward points on fuel, railways, rent, insurance, and utility payments.

Other Details

• Best Suited For: Travel.
• Reward Type: Reward Points.
• How to Apply:
  • Click on the "Apply Now" button.
  • You will be redirected to an application form which needs to be filled out carefully.
  • Complete all the required formalities as instructed by the website.
  • Submit your application.