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

Introduction

The RBL Bank Platinum Shopgain SuperCard is a mid-range credit card issued by RBL Bank, specifically designed to offer elevated living and high savings on utility bill payments and other expenses. It positions itself as a "SuperCard" with the power of four cards in one, complementing spending habits and lifestyle. Key differentiating benefits include 6,000 Reward Points as a welcome offer, free movie tickets every month via a 1+1 BookMyShow offer, and complimentary domestic airport lounge access (though this benefit is set to be discontinued).

Welcome Benefits

• Receive 6,000 Reward Points upon payment of the annual fee and a minimum spend of INR 2,000 within 30 days of card issuance.
• Welcome rewards are not applicable for First Year Free cards.
• The estimated value of these welcome reward points is INR 1,380 to INR 1,500.

Fees

• Joining Fee: INR 1,499 (Plus Service Tax).
• Annual Fee: INR 1,499 (Plus Service Tax).
• Spend-Based Waiver: The annual fee of INR 1,499 for the subsequent year will be waived if you spend INR 1,50,000 or more in a year.
• Rewards Redemption Fee: INR 99 + GST, applicable one time for all redemptions made in a single day.
• Foreign Currency Markup: 3.50% of the transaction amount.
• Interest Rates (Finance Charge): Up to 3.99% per month.
• Fuel Surcharge: 1% surcharge on fuel transactions.
• Cash Advance Charges:
  • A processing fee of 2.5% of the cash amount, with a minimum of INR 500.
  • Unlimited withdrawal of your available cash limit from all ATMs in India up to your billing date.
  • Cash limit can be converted into a personal loan for 90 days or 3 months at no interest (processing fee applies).
  • Enjoy a credit-free period of up to 50 days for cash advances.
• Over Limit Penalty: INR 600.
• Add-on Card Fee: Nil.
• Card Replacement Fee: Nil.
• Charge Slip Retrieval Fee: INR 100.
• Duplicate Statement Fee: Nil.
• Cheque Return: INR 500.
• Cash Payment at Branches: INR 250 per deposit.
• Surcharge on Railway Tickets: As per IRCTC guidelines.

Rewards

• General Spends:
  • Earn 1 Reward Point for every INR 100 spent on most categories.
  • Transactions made on Education, Insurance, Rent Payments, Wallet Load, Fuel & Auto, Quasi-Cash, Railways, Real Estate, Service Providers, Government Services, Contracted Services, Bills2pay, EMI, Miscellaneous & Cash categories will not earn reward points.
  • Effective from October 15, 2024, these modifications to product terms apply.
• Utility Bill Payments:
  • Earn 25 Reward Points for every INR 100 spent on utility bill payments, up to a maximum of 500 Reward Points per month.
  • The estimated annual value from this benefit is INR 1,380 to INR 1,500.
  • Note: While specific utility bill payments earn accelerated rewards, some general "Utilities" categories may be excluded from earning base reward points as per the general exclusions list.
• Milestone Benefits:
  • Receive a Zomato Voucher or Amazon Prime Voucher on annual spends of INR 2 Lacs. Estimated value: INR 1,000.
  • Earn 10,000 additional Reward Points on annual spends of INR 3 Lacs and above. Estimated value: INR 2,300 to INR 2,500.
  • Earn an additional 10,000 Reward Points on annual spends of INR 4 Lacs and above. Estimated value: INR 2,300 to INR 2,500.
• Cinematic Rewards (Movies):
  • Enjoy a 1+1 offer on BookMyShow movie tickets, twice a month, with a maximum value of INR 200 per month.
  • The estimated annual value from this benefit is INR 4,800.
• Travel Benefits (Lounge Access):
  • Receive 4 complimentary domestic airport lounge accesses per calendar year (limited to 1 per quarter).
  • The estimated annual value from this benefit is INR 6,000.
  • Condition: To unlock lounge access for a subsequent quarter, you must have made spends of INR 15,000 or more in the preceding calendar quarter (excluding Rental spends).
  • Important Note: Lounge benefits for this card will be discontinued effective July 01, 2025.
• SuperCard Benefits (Easy Cash & Loans):
  • Easy Cash: Unlimited withdrawal of your available cash limit from all ATMs in India up to your billing date (processing fee applies).
  • Emergency Advance: Convert your available cash limit into a personal loan for 90 days or 3 months at no interest (processing fee applies).
  • Avail Cash on Card: Avail pre-approved loans without blocking your credit limit, repayable in easy installments with multiple tenure options.
  • Xpress Cash: Get an instant loan within your credit limit to meet any cash requirements.
  • Cash Advance: Fulfill short-term cash requirements and enjoy a credit-free period of up to 50 days.
  • Buy Now, Pay Later (Split n Pay): Convert spends of INR 3,000 and above into monthly EMIs at lower interest rates.
  • Balance Transfer: Transfer outstanding amounts from other credit cards to your Platinum Shopgain SuperCard and clear them at lower interest rates.

Rewards Redemption Guide

• A Reward Redemption Fee of INR 99 + GST is applicable when redeeming your accumulated reward points.
• This fee is charged only once for all redemptions made within a single day.
• Reward points can be redeemed via the RBL Bank rewards portal.

Card Review

The RBL Bank Platinum Shopgain SuperCard is positioned as a versatile shopping credit card, particularly strong for individuals who frequently pay utility bills and seek comprehensive benefits across entertainment and travel. Its "SuperCard" features, offering interest-free cash advances and loan conversions, provide significant financial flexibility.

Pros:

• Exceptional reward earning rate (25x) on utility bill payments, a core benefit.
• Generous welcome bonus of 6,000 Reward Points.
• Consistent entertainment benefits with 1+1 movie tickets on BookMyShow twice a month.
• Attractive milestone rewards for higher annual spending, including vouchers and bonus reward points.
• Complimentary domestic lounge access (until July 2025) for travelers.
• Annual fee waiver on achieving a reasonable spend threshold (INR 1.5 Lacs).
• Unique "SuperCard" features like interest-free cash advances and personal loan conversions, offering strong liquidity options.
• Offers like Split n Pay and Balance Transfer enhance financial management.

Cons:

• The complimentary lounge access benefit is being discontinued from July 01, 2025, which diminishes its travel appeal.
• A wide range of transaction categories, including Education, Insurance, Rent, Wallet Load, Fuel, and certain Government Services, do not earn reward points, which can limit overall reward accumulation.
• A reward redemption fee of INR 99 + GST is charged for each redemption instance per day.
• The finance charge of up to 3.99% per month is high if balances are not paid in full.
• A 1% fuel surcharge is applicable.

Who should apply: This card is ideal for individuals who prioritize rewards on utility bill payments and can consistently meet the monthly cap for accelerated earnings. It also suits those who enjoy movies and can leverage the milestone benefits through moderate to high annual spending. The SuperCard features are a significant draw for users who might occasionally need short-term, interest-free cash advances or flexible payment options. However, potential applicants should be aware of the upcoming discontinuation of lounge benefits and the extensive list of excluded categories for reward point accumulation.

Important Product Details

• Positive Highlights:
  • Annual Rewards potential worth INR 20,936 to INR 21,425+.
  • 6,000 Welcome Reward Points on meeting spend criteria.
  • 25 Reward Points for every INR 100 spent on utility bill payments (up to 500 RP/month).
  • 1+1 movie tickets on BookMyShow twice a month (up to INR 200/month).
  • Milestone benefits include Zomato/Amazon Prime vouchers and bonus Reward Points on annual spends of INR 2 Lacs, INR 3 Lacs, and INR 4 Lacs.
  • 4 complimentary domestic lounge accesses per quarter (valid until July 01, 2025).
  • Annual fee waiver on spending INR 1,50,000 in a year.
  • "SuperCard" features offer interest-free cash advances/personal loans for 90 days/3 months (processing fee applies).
  • Options to convert high-value spends into EMIs (Split n Pay) and transfer outstanding balances from other cards.
  • Contactless payment facility for transactions up to INR 5,000.
  • Globally accepted.
  • Enhanced security with PIN-based EMV chip, OTP for online transactions, and Zero Fraud Liability.
  • 24x7 customer service available.
• Negative Highlights:
  • Lounge access benefits will be discontinued effective July 01, 2025.
  • Reward points are not earned on a broad range of categories including Education, Insurance, Rent Payments, Wallet Load, Fuel & Auto, Quasi-Cash, Railways, Real Estate, Service Providers, Government Services, Contracted Services, Bills2pay, EMI, Miscellaneous & Cash. (Note: "Utilities" is also listed in the general exclusions, which may apply to utility spends not covered by the specific 25x reward program).
  • A reward redemption fee of INR 99 + GST is charged.
  • High finance charge of up to 3.99% per month.
  • 1% fuel surcharge is applicable.
  • Cash advance transactions incur a fee of 2.5% (minimum INR 500).

Other Details

• The card is marketed as having the "power of four cards in one," referring to its comprehensive features including credit, cash advance, personal loan, and EMI conversion capabilities.
• Categories and Merchant Category Codes (MCCs) for exclusions are defined as per VISA & Mastercard guidelines.
• Cardmembers can instantly set their 4-digit PIN via the RBL mobile app, missed call, SMS, or the RBL Bank website.
• Card management services (bill payment, statement check, PIN reset, EMI payments) are available through net banking and mobile banking.
• The credit limit is assigned at the bank's discretion, considering factors such as the applicant's credit score, credit utilization ratio, and past repayment habits.
• For customer service, you can call +91 22 7119 0900 or send an email to supercardservice@rblbank.com.
• Standard terms and conditions apply to all benefits and features of the card.