Platinum Advantage Credit Card

Joining Fee

₹499

Annual Fee

Rs. 499 + Taxes

Rewards
Fuel
Lifestyle
Best For: First-time credit card users, Movie enthusiasts, Regular fuel spenders

Platinum Advantage Credit Card

Rewards Structure

Base Reward Rate

1% on spends

Point Value

1 Point = ₹0.15

Pros

  • Welcome bonus of 2,000 reward points worth INR 300
  • Monthly fuel surcharge waiver up to INR 100
  • 20% discount on BookMyShow up to 15 times a year
  • Rewards on all eligible spends
  • Low annual fee of INR 499

Cons

  • Reward redemption fee of INR 99 + GST per redemption day
  • No welcome rewards for First Year Free cards
  • Low reward rate of 1 point per INR 100 spent

Hidden Catches (Transparency Policy)

To build trust with our users, we highlight the fine print that issuers often tuck away in policy documents.

Effective November 13, 2023, Education, Insurance, Utilities, Rent Payments and Wallet Load categories do not earn reward points

Effective October 15, 2024, Fuel & Auto, Quasi-Cash, Railways, Real Estate, Service Providers, Government Services, Contracted Services, Bills2pay, EMI, Miscellaneous & Cash are not eligible for reward points

Reward redemption fee of INR 99 + GST levied once per day regardless of number of redemptions

Key Benefits & Features

Welcome gift of 2,000 Reward Points on payment of annual fee and spends of INR 2,000 within 30 days of card issuance (not applicable on First Year Free cards)

Notable Exclusions

No reward points on Education transactionsNo reward points on Insurance transactionsNo reward points on Utility transactionsNo reward points on Wallet Load transactionsNo reward points on Fuel & Auto transactionsNo reward points on Quasi-Cash transactionsNo reward points on Railways transactionsNo reward points on Real Estate / Rental transactionsNo reward points on Government Services transactionsNo reward points on Contracted Services transactionsNo reward points on Cash transactionsNo reward points on Miscellaneous transactionsNo reward points on Bills2Pay transactions (Tran Code 71, Tran Code 72)No reward points on EMI transactions

*Exclusions may apply to EMI transactions, fuel, and wallet reloads based on current bank policy.

About Platinum Advantage Credit Card

The RBL Bank Platinum Advantage Credit Card is designed to serve your everyday needs while adding meaningful value to your lifestyle spending. Tailored for those who want to make the most of routine expenses, this card rewards you across categories like movies, fuel, and general shopping, delivering annual benefits worth INR 3,075 and above. New cardmembers receive a welcome gift of 2,000 Reward Points upon payment of the annual fee and spending INR 2,000 within 30 days of card issuance. For movie lovers, the card offers a 20% discount on BookMyShow, available up to 15 times per year, with savings of up to INR 100 per transaction. Frequent drivers benefit from a fuel surcharge waiver of up to INR 100 per month, applicable on transactions between INR 500 and INR 4,000 at any fuel station across the country. Additionally, cardmembers earn 1 Reward Point for every INR 100 spent on eligible purchases, letting everyday spends accumulate into tangible rewards over time. With a straightforward annual fee of INR 499 plus applicable GST, the Platinum Advantage Credit Card is an accessible entry point into the world of rewarding credit. It is especially well-suited for first-time credit card users and anyone looking to enjoy consistent savings on entertainment, fuel, and daily lifestyle expenses.

Expert Review

Our Verdict

Entry-level rewards card with fuel waiver, movie discounts & 2000 welcome points for everyday spends.

Frequently Asked QuestionsAbout Platinum Advantage Credit Card

FEESWhat is the annual fee for the Platinum Advantage Credit Card?
The Platinum Advantage Credit Card has an annual fee of ₹499 plus applicable Goods and Service Tax (GST). The joining fee is also ₹499. Upon payment of the annual fee, along with eligible spends of ₹2,000 within 30 days of card issuance, you receive 2,000 welcome reward points worth approximately ₹300. Note that no welcome rewards will be given to First Year Free cards.
BENEFITSWhat welcome benefit do I get with the Platinum Advantage Credit Card?
You receive 2,000 Reward Points as a welcome gift upon payment of the annual fee and spends of ₹2,000 made within 30 days of card issuance. These 2,000 reward points are worth approximately ₹300. Please note that no welcome rewards will be given to First Year Free cards.
BENEFITSHow does the fuel surcharge waiver work on the Platinum Advantage Credit Card?
The Platinum Advantage Credit Card offers a fuel surcharge waiver of up to ₹100 per month. The waiver is applicable on fuel transactions with a minimum transaction value of ₹500 and a maximum of ₹4,000. This benefit can add up to ₹1,200 in savings annually, allowing you to fill your vehicle's fuel tank at any petrol station at no extra surcharge cost.
BENEFITSWhat is the BookMyShow discount offered on the Platinum Advantage Credit Card?
The Platinum Advantage Credit Card offers a 20% discount on BookMyShow, available up to 15 times in a year, with a maximum discount of ₹100 per transaction. To avail the offer, cardmembers must apply the discount under the offers/discounts section on the BookMyShow checkout page and enter their card details and expiry date. This offer cannot be clubbed with any other offer, and can result in savings of up to ₹1,500 annually.
REWARDSHow do I earn reward points on the Platinum Advantage Credit Card?
You earn 1 Reward Point for every ₹100 spent on all eligible spends using the Platinum Advantage Credit Card. However, effective November 13, 2023, transactions in categories like Education, Insurance, Utilities, Rent Payments, and Wallet Load do not earn reward points. Additionally, effective October 15, 2024, transactions in Fuel & Auto, Quasi-Cash, Railways, Real Estate, Service Providers, Government Services, Contracted Services, Bills2pay, EMI, Miscellaneous, and Cash categories are also not eligible for reward points.
REWARDSIs there a fee for redeeming reward points on the Platinum Advantage Credit Card?
Yes, a reward redemption fee of ₹99 plus GST is applicable on redemption of reward points earned on your RBL Bank Platinum Advantage Credit Card. This fee is levied one time for all redemptions made within a single day, regardless of the number of redemptions. It is advisable to consolidate your redemptions in one day to avoid multiple charges.
REWARDSWhat is the total annual benefit value of the Platinum Advantage Credit Card?
The Platinum Advantage Credit Card offers annual benefits worth ₹3,075 or more. This includes the welcome gift of 2,000 reward points worth approximately ₹300, 20% discount on BookMyShow up to 15 times worth up to ₹1,500, reward points worth ₹75 (assuming ₹50,000 in normal annual spends at 1 point per ₹100), and monthly fuel surcharge waivers of up to ₹100, totalling up to ₹1,200 annually.
REWARDSWhich spending categories are not eligible for reward points on the Platinum Advantage Credit Card?
Several categories are excluded from earning reward points. Effective November 13, 2023, Education, Insurance, Utilities, Rent Payments, and Wallet Load transactions do not earn points. Effective October 15, 2024, additional excluded categories include Fuel & Auto, Quasi-Cash, Railways, Real Estate, Service Providers, Government Services, Contracted Services, Bills2pay, EMI, Miscellaneous, and Cash transactions. The categories are defined as per VISA and Mastercard guidelines using specific MCCs.
USAGEHow can I redeem my reward points earned on the Platinum Advantage Credit Card?
You can redeem your reward points through RBL Bank's official portal or the RBL MyCard Mobile App. Navigate to the 'Redeem Reward Points' section available in your online card account or the mobile app. A redemption fee of ₹99 plus GST is charged per redemption day, regardless of how many redemptions you make that day. It is recommended to redeem all desired points in a single session to avoid multiple fees.
APPLICATIONHow do I apply for the Platinum Advantage Credit Card?
You can apply for the RBL Bank Platinum Advantage Credit Card through the RBL Bank official website at www.rbl.bank.in. Visit the Credit Cards section, select the Platinum Advantage Credit Card, and follow the online application process. You may also visit your nearest RBL Bank branch to apply in person. You will need to provide necessary KYC documents and meet the bank's eligibility criteria to complete your application.
INTERNATIONALCan I use the Platinum Advantage Credit Card for international transactions?
The page does not specify a forex markup rate for the Platinum Advantage Credit Card, and the card appears to be primarily designed for domestic use given its benefits focus on fuel surcharge waivers, BookMyShow discounts, and basic rewards. For detailed information regarding international usage, forex charges, and cross-currency transaction fees, it is recommended to check the Schedule of Charges on the RBL Bank website or contact RBL Bank customer service directly.
USAGEHow do I set my PIN for the Platinum Advantage Credit Card?
You can set your Platinum Advantage Credit Card PIN online through the RBL Bank website or the RBL MyCard Mobile App. Navigate to the 'Set Your Credit Card PIN' option available in the Credit Cards section of the online portal or app. Follow the on-screen instructions to generate and confirm your PIN securely. This service is available 24/7 for your convenience.
OTHERWhat should I do if my Platinum Advantage Credit Card is lost or used without my authorisation?
If your Platinum Advantage Credit Card is lost or used without your authorisation, you should immediately report it to RBL Bank. You can report the loss or unauthorised use through the RBL Bank website under 'Report loss of Card or Fraud,' or contact RBL Bank's customer service helpline. RBL Bank also offers the facility to switch your card on or off at any time for added security through their online banking or mobile app.
DOCUMENTSWhat documents are required to apply for the Platinum Advantage Credit Card?
While the page does not list specific documents, standard documents typically required for an RBL Bank credit card application include: a completed application form, identity proof (Aadhaar card, PAN card, or passport), address proof (utility bill, Aadhaar, or driving licence), and income proof (latest salary slips, Form 16, or Income Tax Returns for self-employed applicants). It is recommended to visit the RBL Bank website or contact a branch for the exact document requirements for this card.
CANCELLATIONHow can I cancel or close my Platinum Advantage Credit Card?
To cancel or close your Platinum Advantage Credit Card, you can raise a request through RBL Bank's customer service by calling their helpline, visiting the nearest RBL Bank branch, or submitting a request through the online portal under 'Raise a Query / Request / Complaint.' Ensure all outstanding dues are cleared before initiating the cancellation. It is also advisable to redeem any remaining reward points before closing the card, as unused points may be forfeited upon cancellation.

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