RBL Bank Platinum Prime SuperCard – Benefits, Fees & Eligibility

Introduction

The RBL Bank Platinum Prime SuperCard is a versatile credit card designed to complement diverse spending habits and lifestyles, offering high savings across categories like grocery, electronics, fashion, and automobile. Issued by RBL Bank, this card positions itself as a comprehensive solution, providing the power of four cards in one, with top differentiating benefits including a generous welcome bonus of 4,000 Reward Points, monthly free movie tickets, and a 5% discount on dining expenditures.

Welcome Benefits

• Receive 4,000 Reward Points upon payment of the joining fee and spending INR 2,000 within the first 60 days of card issuance.
• Note: Welcome rewards are not applicable for First Year Free cards.

Fees

• Joining Fee: INR 999 plus GST.
• Annual Fee: INR 999 plus GST.
• Rewards Redemption Fee: INR 99 plus GST, levied once per day for all redemptions made within that day.
• Cash Advance Charges: A processing fee of 2.5% is applicable, with a minimum charge of INR 500, for cash withdrawals from ATMs.
• Fuel Surcharge Waiver: Enjoy a fuel surcharge waiver of up to INR 100 per month. This waiver is applicable on minimum fuel transactions of INR 500 and maximum transactions of INR 4,000.

Rewards

• General Spends: Earn 2 Reward Points for every INR 100 spent on most categories.
• Dining Benefits:
  • Avail a 5% discount on dining spends.
  • Earn 20 Reward Points for every INR 100 spent on dining on any Wednesday.
  • Maximum dining rewards are capped at 1,000 Reward Points per month.
• Cinematic Rewards:
  • Get 1+1 free movie ticket (up to INR 200) on BookMyShow, once a month, on any Wednesday.
  • To avail, apply the offer under the offers/discounts section on the BookMyShow checkout page.
  • This offer cannot be clubbed with any other offer.
• Milestone Rewards:
  • Receive 5,000 Reward Points when your annual spends reach INR 2 lakh.
  • Receive 10,000 Reward Points when your annual spends reach INR 1.5 lakh within one year.
• 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 & Cash categories will not be eligible for reward points.
  • Categories/MCCs are defined as per VISA & Mastercard guidelines.

Rewards Redemption Guide

• The value of 1 Reward Point varies from INR 0.11 to INR 0.25 across different categories.
• For calculation purposes, a value of 1 Reward Point = INR 0.25 is often assumed.
• Reward points can be redeemed via the RBL Bank rewards portal.

Card Eligibility Criteria

• Documents Required:
  • Proof of Address: Ration Card, Passport, Voter ID, Aadhaar card.
  • Identity Proof: Driving License, Passport, Aadhaar card.
  • Income Proof: Form 16, IT Returns, Salary Slip.

Card Review

The RBL Bank Platinum Prime SuperCard offers significant value, particularly for individuals with diverse spending habits in dining, entertainment, and general purchases. The card provides substantial annual benefits, estimated to be over INR 10,725, including welcome rewards, movie ticket benefits, dining discounts, general spend rewards, milestone bonuses, and fuel surcharge waivers. Its ability to convert purchases into EMIs and offer interest-free cash advances adds to its utility. However, users should be aware of the reward point exclusions on certain categories and the reward redemption fee. The card is well-suited for those who can leverage its specific benefits, especially the dining and movie offers on Wednesdays, and meet the spend thresholds for milestone rewards.

Important Product Details

• EMI Finance: Easily convert purchases of durables, electronics, furniture, clothes & accessories, groceries, and more into easy EMIs.
• Easy Cash/ATM Benefits:
  • Access interest-free and unlimited cash withdrawals from all ATMs in India for up to 50 days (or up to your billing date).
  • A processing fee of 2.5% (minimum INR 500) is applicable on cash advances.
• Loan Benefits: Convert available credit into a 3-month personal loan at an interest rate of 1.16%, with no processing fee.
• Credit Limit: The credit limit is determined by the bank based on factors such as your credit score, credit utilization ratio, and past repayment habits.
• Overall Annual Benefits (Estimated):
  • Joining Reward (4,000 Reward Points): INR 1,000
  • 1+1 free movie ticket (up to INR 200) every month: INR 2,400
  • 2 Reward Points on every INR 100 spent (assuming annual spends of INR 2,25,000): INR 1,125
  • 10X Reward Points on dining spends (assuming annual spends on dining of INR 25,000): INR 1,250
  • Milestone Rewards (10,000 RP for INR 1.5 lakh spend, 5,000 RP for INR 2 lakh spend): INR 3,750
  • Fuel surcharge waiver up to INR 100 per month: INR 1,200
  • Total Estimated Annual Benefits: INR 10,725+

Other Details

• All offers and benefits are subject to Terms and Conditions.
• Important documents like Most Important Terms and Conditions (MITC), Cardmember Agreement, and Schedule of Charges are available on the bank's website.