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

Introduction

The RBL Bank Platinum TravelEasy SuperCard, issued by RBL Bank, is an ideal credit card for individuals who travel extensively for either leisure or work. It offers attractive benefits on fuel purchases and cab-aggregator services, along with rewards for various spending categories and generous vouchers upon achieving milestone spends. A key differentiating benefit is the provision for interest-free cash withdrawals from ATMs.

Welcome Benefits

• Get a welcome gift voucher worth Rs.1,000.
• This welcome benefit is received upon paying the joining fees and spending Rs.2,000 within 30 days of card issuance.

Fees

• Joining Fee: Rs.999 (plus Service Tax).
• Annual Fee: Rs.999 (plus Service Tax).
• Spend-Based Waiver: The annual fee for the second year will be waived if you spend Rs.1,00,000 in one year.
• Cash Advance Charges: A processing fee of 2.5% applies to interest-free cash withdrawals from ATMs.

Rewards

• Travel & Daily Commute:
  • Receive 10% cashback on all Ola and Uber expenses, with a maximum cashback of Rs.400 per month, totaling an annual value of Rs.4,800.
  • Enjoy a fuel surcharge waiver of Rs.100 every month.
• Milestone Benefits:
  • Get gift vouchers worth Rs.1,000 every time you spend Rs.1,00,000 in one year.
• Loan Benefits:
  • Emergency Advance: Convert your available credit limit into a personal loan for 3 months, available once a year.
  • Easy Cash: Benefit from interest-free and unlimited cash withdrawals from any ATM in India for a maximum of 50 days (or up to the billing date), subject to a processing fee of 2.5%.
• Overall Annual Benefits: The total benefits per annum are estimated to be Rs.7,500+.

Card Eligibility Criteria

Documents Required

• Proof of Address:
  • Ration Card
  • Passport
  • Voter ID
  • Aadhaar card
• Identity Proof:
  • Driving Licence
  • Passport
  • Aadhaar card
• Income Proof:
  • Form 16
  • IT Returns
  • Salary Slip

Card Review

• Who should apply: This card is ideal for individuals who frequently travel for leisure or work and regularly use cab services like Ola and Uber, as well as make fuel purchases.
• Pros:
  • Significant cashback on Ola and Uber transactions.
  • Monthly fuel surcharge waiver.
  • Valuable gift vouchers on achieving annual spending milestones.
  • Flexibility with interest-free cash withdrawals and personal loan conversion options.
  • Annual fee waiver for the second year based on spending.
• Value: The card offers substantial annual benefits, estimated at over Rs.7,500, making it a rewarding option for its target audience.

Important Product Details

• Welcome gift voucher of Rs.1,000.
• Second year annual fee reversal on spends of INR 1,00,000.
• 10% cashback on Ola/Uber and a monthly fuel surcharge waiver of Rs.100.
• Interest-free cash withdrawals from ATMs for up to 50 days, with a 2.5% processing fee.
• Option to convert a portion of the credit limit into a 3-month personal loan once a year.
• Joining and Annual Fee: Rs.999 plus Service Tax.

Other Details

• The credit card limit is determined by the bank based on various factors, including the applicant's credit score, credit utilization ratio, and past repayment habits.
• The application for the RBL Bank Platinum TravelEasy SuperCard is processed within 3 weeks, and the card is dispatched within 7 working days after approval.
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