RBL BankRBL Bank Platinum ValuePlus Credit Card – Benefits, Fees & Eligibility
Is the RBL Bank Platinum ValuePlus Credit Card Right for You?
The RBL Bank Platinum ValuePlus Credit Card is best suited for users who prioritize Fuel, Shopping. With a joining fee of ₹499 + GST and a renewal fee of ₹499 + GST, this card is positioned for cardholders who can maximize its benefits to justify the cost. It offers Vouchers & Discounts as its primary reward mechanism, with a rewards rate of 10% cashback on fuel (up to Rs.3,000 annually); Rs.1,000 gift voucher on Rs.1L annual spend..
Key Card Details
₹499 + GST
₹499 + GST
Vouchers & Discounts
Notable Perks
Spend-Based Waiver
Second-year annual fee of Rs.499 waived on spending Rs.50,000 in a year.
Things to Consider
Lacks premium benefits such as complimentary lounge access, travel, or dining offers.
General spending reward rate is modest, offering Rs.1,000 voucher on Rs.1,00,000 annual spend.
Cash advance, though interest-free for 50 days, incurs a 2.5% processing fee.
Benefits & Features
Welcome Offer
Rs.500 gift vouchers on paying joining fee & spending Rs.2,000 within 30 days.
Rewards Rate
10% cashback on fuel (up to Rs.3,000 annually); Rs.1,000 gift voucher on Rs.1L annual spend.
Reward Type
Vouchers & Discounts
Fees & Charges
Joining Fee
₹499 + GST
Renewal Fee
₹499 + GST
Spend-Based Waiver
Second-year annual fee of Rs.499 waived on spending Rs.50,000 in a year.
Fuel Surcharge Waiver
Waiver up to Rs.100/month (max Rs.1,200 annually) on fuel transactions.
Cash Advance Charges
2.5% processing fee on interest-free cash withdrawals for up to 50 days.
Pros & Cons
Pros
Key benefits and features of this card.
Offers substantial 10% cashback on fuel expenses and a monthly surcharge waiver.
Unique SuperCard features provide financial flexibility with EMI conversion and cash advances.
Annual fee waiver is easily achievable with a reasonable spend threshold of Rs.50,000.
Provides a welcome gift voucher of Rs.500 on meeting initial spend criteria.
Cons
Key drawbacks and limitations of this card.
Lacks premium benefits such as complimentary lounge access, travel, or dining offers.
General spending reward rate is modest, offering Rs.1,000 voucher on Rs.1,00,000 annual spend.
Cash advance, though interest-free for 50 days, incurs a 2.5% processing fee.
Product Details
Unique 'SuperCard' features offering enhanced financial flexibility.
Option to convert large purchases into easy Equated Monthly Instalments (EMI).
Benefit from interest-free cash withdrawals for up to 50 days (2.5% processing fee).
Access to an emergency personal loan by converting cash limit once annually.
Benefits & Features
Welcome Offer
Rs.500 gift vouchers on paying joining fee & spending Rs.2,000 within 30 days.
Rewards Rate
10% cashback on fuel (up to Rs.3,000 annually); Rs.1,000 gift voucher on Rs.1L annual spend.
Reward Type
Vouchers & Discounts
What matters, explained clearly
Introduction
The RBL Bank Platinum ValuePlus SuperCard is a mid-range credit card issued by RBL Bank, designed for individuals who seek to maximize savings through their spending. Key differentiating benefits include a welcome gift voucher, the opportunity for annual fee reversal based on spending, and significant fuel benefits such as cashback and surcharge waivers. Additionally, it offers unique "SuperCard" features like EMI conversion for purchases, interest-free cash withdrawals, and an emergency personal loan option.
Welcome Benefits
- Receive Rs.500 worth of gift vouchers upon payment of the joining fee and spending Rs.2,000 within 30 days of card issuance.
Fees
- Joining Fee: Rs.499
- Annual Fee: Rs.499
- Spend-Based Waiver: The second-year annual fee will be reversed if you spend Rs.50,000 in one year.
- Cash Advance Charges: Unlimited and interest-free cash withdrawals at all ATMs in India are available at a processing fee of just 2.5%.
Rewards
- Welcome Rewards:
- Rs.500 worth of gift vouchers on joining fee payment and spending Rs.2,000 within one month of card issuance.
- Spend-Based Rewards:
- Earn gift vouchers worth Rs.1,000 every time you spend Rs.1,00,000 in one year.
- Annual fee waiver (valued at Rs.500) when you spend Rs.50,000 in a year.
- Fuel Benefits:
- 10% cashback on all fuel expenses (up to Rs.3,000 annually).
- Fuel surcharge waiver of up to Rs.100 per month (up to Rs.1,200 annually).
- Loan Benefits (SuperCard Features):
- EMI Finance: Convert your purchases into easy Equated Monthly Instalments (EMI) for various categories like groceries, electronics, furniture, and clothes.
- Easy Cash: Withdraw cash up to your cash limit from any ATM in India without paying interest for up to 50 days or until your billing date. A processing fee of 2.5% applies.
- Emergency Advance: Convert your cash limit into a personal loan for up to 3 months, available once per year.
Important Product Details
- Welcome Bonus: Rs.500 gift vouchers on meeting initial spend criteria.
- Annual Fee Waiver: Second-year annual fee of Rs.499 can be waived on annual spends of Rs.50,000.
- Fuel Savings: Enjoy 10% cashback on fuel expenses (up to Rs.3,000 annually) and a fuel surcharge waiver of up to Rs.100 per month (up to Rs.1,200 annually).
- Shopping Rewards: Earn an additional Rs.1,000 gift voucher for spending Rs.1,00,000 in a year.
- Flexible Cash Options: Benefit from interest-free cash withdrawals for up to 50 days (with a 2.5% processing fee) and the ability to convert your cash limit into a 3-month personal loan once a year.
- EMI Conversion: Option to convert large purchases into easy EMIs.
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
- The bank may request additional documents as required.
Card Review
The RBL Bank Platinum ValuePlus SuperCard is well-suited for individuals who frequently use their credit card for everyday expenses, especially fuel, and appreciate flexible financial options. Its "SuperCard" features, including EMI conversion, interest-free cash withdrawals for a period, and an emergency personal loan facility, provide significant liquidity and convenience. The card offers good value through its welcome benefits, annual fee waiver on achieving a reasonable spend threshold, and substantial fuel cashback and surcharge waivers, making it a strong contender for those looking for a value-driven credit card with added financial flexibility.
Other Details
- Credit Card Limit: The bank determines the credit card limit based on factors such as your credit score, credit utilization ratio, and past repayment habits.
- Application Status: After applying, the bank will send alerts regarding the application status to the mobile number provided in the application form.
- Application Process: You can apply for an RBL credit card online by visiting the bank's website and selecting 'Apply now'.
- Card Delivery Time: The credit card application is typically processed within 3 weeks. Once approved, the card is dispatched within 7 working days.
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