RBL Bank Platinum Plus SuperCard
The RBL Bank Platinum Plus SuperCard launched with Bajaj Finserv, has gained over 1 million users in India, many of whom are new to credit cards. This card offers a solid rewards program, giving 12 points for every ₹100 spent online or on the Bajaj Finserv app, and 1 point for every ₹100 spent offline. Other benefits include emergency cash advances, interest-free cash withdrawals, access to airport lounges, a waiver of fuel surcharge, and free movie tickets on BookMyShow. The card charges an annual fee of ₹999 plus taxes after the first year, making it a great option for those looking for rewards and useful financial features.
The RBL Bank Platinum Plus SuperCard is a great choice for people who spend frequently on things like electronics, groceries, cars, and fashion. It also offers features like easy EMI options, Easy Cash, and special discounts at Bajaj Finserv partner stores. With a joining fee of ₹999 plus service tax, this card gives cardholders many opportunities to save while enjoying financial benefits. The card has become a favorite for many, offering valuable rewards and privileges to help customers get the most out of their spending.
Rewards and Benefits
Fees & Charges
What should you consider before applying for a credit card in India?
Key Considerations Before Applying for a Credit Card in India:
- Eligibility Criteria: Ensure you meet the eligibility requirements, which typically include age, income, credit score, and employment status as defined by the issuing bank or financial institution.
- Credit Score: A strong credit score can significantly improve your chances of approval and result in more favorable terms, such as lower interest rates or higher credit limits. Verify that your credit score is healthy before applying.
- Interest Rates and Fees: Compare the annual percentage rates (APR), processing fees, late payment penalties, and foreign transaction charges associated with various cards. These costs can vary widely and impact the overall value of the card.
- Rewards and Benefits: Evaluate the rewards, cashback, discounts, or other perks offered by the card to ensure they align with your spending patterns. Some cards may provide better benefits in specific categories, such as travel, shopping, or dining.
- Credit Limit: Review the credit limit offered by the card to ensure it meets your financial needs. Avoid applying for cards with excessive limits if you are concerned about managing debt, as this can lead to higher interest charges.
- Repayment Terms: Understand the repayment structure, including the minimum payment amount, payment due dates, and any associated penalties. Being clear about these terms can help you manage payments effectively and avoid interest buildup.
- Card Type and Features: Choose a card type that matches your specific needs—whether standard, premium, or specialized cards like those offering travel rewards or dining privileges. Ensure the features of the card align with your lifestyle and spending habits.
- Bank’s Reputation: Opt for a financial institution with a proven reputation for customer service and transparency. Consider researching customer reviews and assessing their support channels to ensure reliable service.
- Hidden Charges: Be aware of any hidden fees, including annual fees, balance transfer charges, foreign transaction fees, or cash withdrawal charges. These can add up over time and affect the overall cost-effectiveness of the card.
- Credit Utilization: Maintain a balance within your credit limit to avoid high credit utilization ratios, which can negatively impact your credit score. Responsible use of credit is essential for maintaining financial health.
- Long-Term Financial Plans: Consider how the credit card fits into your overall financial strategy. Avoid accumulating unnecessary debt and choose a card that supports your long-term financial goals without adding financial strain.
What are the ATM benefits of this credit card?
You can withdraw cash from ATMs across India without paying interest for up to 50 days. A processing fee of 2.5% applies.
What documents are accepted for identity verification?
You can use your Aadhaar card, driving license, or passport as proof of identity.
What is the total value of annual rewards on this card?
You can earn reward benefits worth over ₹11,000 in a year.
Does this credit card offer reward points on fuel spending?
Yes, the RBL Bank BankBazaar SaveMax Credit Card gives you 5x reward points on fuel purchases, up to 1,000 points per month.
What is the annual fee for the card?
The annual fee is ₹999 plus applicable taxes.
Can I use my reward points on any category?
Yes, you can redeem your points on travel, shopping, and mobile recharges.
What are milestone reward points, and how do I earn them?
You earn 10,000 bonus reward points when your total annual spending reaches ₹1,50,000.
Where can I redeem my reward points?
You can redeem your points at www.rblrewards.com/Supercard for various options like shopping, travel, and mobile recharge.
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