MyFinCards
Platinum Classic Credit Card

Joining Fee

₹499

Annual Fee

Rs. 499 (Reversed on annual spends of Rs. 0.5 Lakhs)

RBL Bank
Rewards
Fuel
Lifestyle
Best For: Entry-level credit card users, Those seeking fuel surcharge savings, Users wanting simple rewards on everyday spends

Platinum Classic Credit Card

Rewards Structure

Base Reward Rate

1% on spends

Point Value

1 Point = ₹0.25

Pros

  • Welcome bonus of 2,000 reward points
  • Fuel surcharge waiver up to INR 100/month
  • Annual fee waiver on INR 50,000 annual spend
  • Unlimited ATM cash withdrawals up to billing date

Cons

  • Low reward rate of 1 point per INR 100 spent
  • No new customer sourcing currently
  • Reward redemption fee of INR 99 + GST per redemption day
  • Many categories excluded from reward earning

Hidden Catches (Transparency Policy)

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

No welcome rewards for First Year Free cards

Reward point value varies from INR 0.11 to INR 0.25 depending on redemption category

Reward redemption fee of INR 99 + GST applicable per day of redemption

Multiple categories excluded from reward earning effective November 13, 2023 and October 15, 2024

Key Benefits & Features

Unlimited cash withdrawal from ATMs in India up to billing date. Processing fee 2.5% (min INR 500).

Notable Exclusions

No reward points on Education transactionsNo reward points on Insurance transactionsNo reward points on Utilities transactionsNo reward points on Rent/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.

Official Terms & Conditions

About Platinum Classic Credit Card

The RBL Bank Platinum Classic Credit Card is an entry-level Visa credit card designed to complement everyday spending habits across categories like grocery, electronics, fashion, and automobile purchases. With an annual fee of INR 499, the card delivers tangible value from day one, offering 2,000 welcome Reward Points upon payment of the annual fee and spends of INR 2,000 within the first 30 days of card issuance. Cardholders earn 1 Reward Point for every INR 100 spent on eligible transactions, making it a straightforward and rewarding companion for regular spends. One of the card's standout features is its fuel surcharge waiver of up to INR 100 per month, applicable on fuel transactions between INR 500 and INR 4,000, helping drivers save meaningfully at the pump every month. Additionally, cardholders can convert purchases into easy EMIs and enjoy unlimited cash withdrawals from ATMs across India up to their billing date. The card also rewards consistent usage through a spend-based annual fee waiver — spend INR 50,000 in a year and get the next year's annual fee of INR 499 reversed. With estimated total annual benefits of over INR 2,459, the Platinum Classic Credit Card offers solid everyday value for those beginning their credit journey.

Expert Review

Our Verdict

Entry-level rewards card with welcome points, fuel surcharge waiver, and spend-based fee reversal.

Frequently Asked QuestionsAbout Platinum Classic Credit Card

FEESWhat is the joining fee and annual fee for the Platinum Classic Credit Card?
The Platinum Classic Credit Card has a joining fee of ₹499 and an annual fee of ₹499 (plus applicable taxes). However, you can get the second year annual fee of ₹499 waived if you spend ₹50,000 or more in a year. This spend-based waiver makes it easy to enjoy the card benefits without worrying about recurring fees.
BENEFITSWhat welcome benefits do I get with the Platinum Classic Credit Card?
Upon card issuance, you receive 2,000 Reward Points as a welcome benefit. To qualify, you must pay the annual fee and make spends of at least ₹2,000 within 30 days of card issuance. Please note that welcome reward points will not be given on First Year Free cards. These 2,000 points can be worth up to ₹400 depending on the redemption category.
REWARDSHow do I earn reward points on the Platinum Classic Credit Card?
You earn 1 Reward Point for every ₹100 spent on eligible transactions. However, effective November 13, 2023, transactions on Education, Insurance, Utilities, Rent Payments, and Wallet Load categories do not earn reward points. Additionally, from October 15, 2024, transactions on Fuel & Auto, Quasi-Cash, Railways, Real Estate, Service Providers, Government Services, Contracted Services, Bills2pay, EMI, Miscellaneous, and Cash are also excluded from reward earning.
REWARDSWhat is the value of reward points earned on the Platinum Classic Credit Card?
The value of 1 Reward Point varies from ₹0.11 to ₹0.25 depending on the redemption category available on www.rblrewards.com. For example, at maximum value of ₹0.25 per point, 1,000 reward points would be worth ₹250. It is recommended to redeem your points in categories that offer higher value to maximize your benefits.
USAGEIs there a fee to redeem reward points on the Platinum Classic Credit Card?
Yes, a reward redemption fee of ₹99 plus GST is applicable when you redeem your available reward points earned on RBL Bank Credit Cards. This fee is charged one time per day, regardless of the number of redemptions made within that single day. Keep this fee in mind when planning your reward redemptions to ensure the value of points redeemed outweighs the fee.
BENEFITSWhat fuel benefits does the Platinum Classic Credit Card offer?
The Platinum Classic Credit Card offers a fuel surcharge waiver of up to ₹100 per month. This waiver is applicable on fuel transactions with a minimum transaction value of ₹500 and a maximum of ₹4,000. Over 12 months, this benefit can save you up to ₹1,200 annually on fuel surcharges, helping you fill your vehicle's tank at no extra cost within these limits.
USAGECan I withdraw cash using the Platinum Classic Credit Card?
Yes, the Platinum Classic Credit Card offers unlimited ATM cash withdrawals from all ATMs in India up to your billing date using your available cash limit. A processing fee of 2.5% is applicable with a minimum charge of ₹500. Please refer to the Most Important Terms and Conditions (MITC) for complete details on cash withdrawal charges and applicable interest rates.
USAGECan I convert my purchases into EMIs using the Platinum Classic Credit Card?
Yes, the Platinum Classic Credit Card offers an EMI Finance feature that allows you to convert purchases into easy installments. You can use this feature for a wide range of purchases including durables, electronics, furniture, clothes and accessories, and groceries. This helps you manage large expenses by spreading the cost over manageable monthly payments. Terms and conditions apply.
FEESHow can I get the annual fee waived on the Platinum Classic Credit Card?
You can get the next year's annual fee of ₹499 waived by spending ₹50,000 or more in the current year on your Platinum Classic Credit Card. This spend-based waiver is an excellent way to enjoy the card year after year without incurring renewal fees. Make sure your eligible spends (excluding excluded categories) meet the ₹50,000 threshold within the annual period.
APPLICATIONIs the Platinum Classic Credit Card currently available for new applicants?
As per the latest information on the RBL Bank website, the Platinum Classic Credit Card is presently not being sourced for new customers. This means new applications for this card are currently not being accepted. You may want to explore other RBL Bank credit card offerings that may suit your needs. Contact RBL Bank customer service for more information on available card options.
OTHERWhat network does the Platinum Classic Credit Card operate on?
The Platinum Classic Credit Card operates on the VISA network, which provides wide acceptance at millions of merchants globally. The card also comes with Verified by Visa (3D Secure) protection for safe online transactions. Being on the VISA network ensures that you can use your card at most merchant outlets and ATMs both in India and internationally.
REWARDSWhat categories of spends are excluded from earning reward points on the Platinum Classic Credit Card?
Multiple categories are excluded from earning reward points. From November 13, 2023: Education, Insurance, Utilities, Rent Payments, and Wallet Load. From October 15, 2024, additional exclusions include Fuel & Auto, Quasi-Cash, Railways, Real Estate, Service Providers, Government Services, Contracted Services, Bills2pay, EMI, Miscellaneous, and Cash transactions. Categories are defined as per VISA MCC guidelines. It's important to plan your spends accordingly to maximize reward point accumulation.
BENEFITSWhat are the total estimated annual benefits of the Platinum Classic Credit Card?
Based on RBL Bank's calculation, the total estimated annual benefits can be up to ₹2,459. This includes: 2,000 welcome reward points worth up to ₹400, reward points worth ₹360 (assuming ₹1,80,000 annual spends at 1 RP per ₹100 at ₹0.25 per point), annual fee waiver worth ₹499 (on ₹50,000 spend), and fuel surcharge waiver of up to ₹1,200 annually. Actual benefits may vary based on your spending pattern.
USAGEWhere can I redeem my reward points earned on the Platinum Classic Credit Card?
You can redeem your reward points earned on the Platinum Classic Credit Card through RBL Bank's dedicated rewards portal at www.rblrewards.com. The portal offers various redemption categories with point values ranging from ₹0.11 to ₹0.25 per point. A redemption fee of ₹99 plus GST applies per redemption day. You can also manage your reward points through the RBL MyCard Mobile App or via your online card account.
INTERNATIONALDoes the Platinum Classic Credit Card offer any international usage benefits?
The Platinum Classic Credit Card operates on the VISA network, enabling international acceptance at merchants and ATMs worldwide. However, specific forex markup fee details are not publicly listed for this card. It is advisable to contact RBL Bank customer service for the exact foreign currency transaction charges before using the card internationally. For frequent international travelers, you may want to consider RBL Bank's dedicated forex or travel credit cards.

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