MyFinCards
Platinum Edge Credit Card

Joining Fee

₹1,999

Annual Fee

Rs. 1999 (Reversed on annual spends of Rs. 2 Lakhs)

RBL Bank
Rewards
Lifestyle
Travel
Fuel
Best For: Online shoppers, Movie enthusiasts, Domestic travelers, Fuel spenders

Platinum Edge Credit Card

Rewards Structure

Base Reward Rate

2% on spends

Point Value

1 Point = ₹0.25

Pros

  • Annual benefits worth INR 17,999+
  • Free monthly movie ticket on BookMyShow (1+1)
  • Complimentary quarterly domestic lounge access
  • 2X Reward Points on online spends
  • Fuel surcharge waiver up to INR 100/month
  • Annual fee waiver on spending INR 2,00,000
  • Welcome gift of 8,000 Reward Points
  • Milestone rewards up to 10,000+ Reward Points

Cons

  • Annual fee of INR 1,999 applicable
  • Online rewards capped at 1,000 Reward Points
  • Lounge access requires INR 35,000 spend in preceding quarter (excluding rental)
  • Reward redemption fee of INR 99 + GST per redemption day
  • No welcome rewards for First Year Free cards

Hidden Catches (Transparency Policy)

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

Lounge access requires minimum INR 35,000 spend in preceding calendar quarter (excluding rental)

No reward points on Education, Insurance, Utilities, Rent Payments, Wallet Load categories

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

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

Easy Cash withdrawal carries a processing fee of 2.5% (minimum INR 500)

Key Benefits & Features

2X Reward Points on all online spends; maximum cap of 1,000 Reward Points

Notable Exclusions

No reward points on Fuel & Auto transactionsNo reward points on Utility transactionsNo reward points on Insurance transactionsNo reward points on Quasi-Cash transactionsNo reward points on Railways transactionsNo reward points on Rental transactionsNo reward points on Education transactionsNo reward points on Wallet Load 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 Edge Credit Card

The RBL Bank Platinum Edge Credit Card is a versatile Mastercard that combines the power of four cards in one, designed to complement a wide range of spending habits and lifestyle needs. With an annual fee of INR 1,999, the card delivers annual rewards worth INR 17,999 or more, making it an exceptional value proposition for everyday spenders. New cardmembers receive a welcome gift of 8,000 Reward Points upon payment of the annual fee and spending INR 2,000 within 30 days of card issuance. The card rewards all spends with 2 Reward Points for every INR 100 spent, with 2X Reward Points on online purchases. Milestone benefits include 10,000 Reward Points on annual spends of INR 1,50,000, with an additional 5,000 Reward Points for every INR 1,00,000 spent thereafter. Entertainment lovers enjoy one complimentary 1+1 movie ticket on BookMyShow every month, while frequent travelers benefit from one free domestic airport lounge visit every quarter at major airports across India. Additional perks include a fuel surcharge waiver of up to INR 100 per month, concierge services, and an annual fee waiver on spending INR 2,00,000 in a year. The Platinum Edge Credit Card is ideally suited for online shoppers, movie enthusiasts, domestic travelers, and fuel spenders seeking rewarding everyday experiences.

Expert Review

Our Verdict

Versatile rewards card with movie perks, lounge access, fuel waiver & annual benefits worth INR 17,999+

Frequently Asked QuestionsAbout Platinum Edge Credit Card

FEESWhat is the annual fee for the Platinum Edge Credit Card?
The Platinum Edge Credit Card has an annual fee of INR 1,999 (plus applicable taxes). However, you can get the second year's annual fee waived if you spend INR 2,00,000 or more in a year. This makes it possible to enjoy all the card's benefits at no recurring cost if you meet the spend threshold.
FEESWhat is the joining fee for the Platinum Edge Credit Card?
The joining fee for the Platinum Edge Credit Card is INR 1,999. Upon payment of the joining fee and spending INR 2,000 within 30 days of card issuance, you will receive a welcome gift of 8,000 Reward Points. Please note that no welcome rewards will be given to First Year Free cards.
BENEFITSWhat welcome benefits do I get with the Platinum Edge Credit Card?
Upon payment of the annual fee and spending INR 2,000 within 30 days of card issuance, you will receive 8,000 Reward Points as a welcome gift. These points are valued at approximately INR 1,600. Please note that this welcome benefit is not applicable for First Year Free cards. Make sure your mobile number is updated with the bank to receive OTPs for online purchases.
BENEFITSHow does the BookMyShow movie offer work on the Platinum Edge Credit Card?
The Platinum Edge Credit Card offers a 1+1 free movie ticket (up to INR 200) on BookMyShow once every month. To avail the offer, go to the offers/discounts section on the BookMyShow checkout page, and enter your card details and expiry date. This offer cannot be clubbed with any other offer. The annual value of this benefit is approximately INR 2,400.
BENEFITSHow many complimentary airport lounge visits do I get with this card?
The Platinum Edge Credit Card offers 1 free visit per quarter at domestic lounges across all major airports in India, totalling 4 complimentary lounge visits per year. To unlock lounge access for a given quarter, you must spend INR 35,000 or more (excluding rental spends) in the preceding calendar quarter. The lounge program is offered by Mastercard/Visa.
REWARDSHow are Reward Points earned on the Platinum Edge Credit Card?
You earn 2 Reward Points for every INR 100 spent on all eligible transactions (except fuel). Additionally, you get 2X Reward Points (i.e., 4 points per INR 100) on all online spends, capped at 1,000 Reward Points per month. Note that spends on fuel, education, insurance, utilities, rent payments, wallet loads, railways, government services, and several other categories are not eligible for reward points.
REWARDSWhat are the milestone reward benefits on the Platinum Edge Credit Card?
The Platinum Edge Credit Card offers milestone rewards to boost your earnings. Spend INR 1,50,000 in a year and earn 10,000 Bonus Reward Points. Additionally, earn 5,000 extra Reward Points for every subsequent INR 1,00,000 spent beyond the initial INR 1,50,000 threshold. These milestone rewards are valued at up to INR 3,000 or more annually, significantly enhancing your overall rewards.
REWARDSIs there a fee for redeeming Reward Points on the Platinum Edge Credit Card?
Yes, a reward redemption fee of INR 99 plus GST is applicable when redeeming your available Reward Points. This fee is levied one time per day for all redemptions made on a single day, regardless of the number of redemptions. It is advisable to consolidate your redemptions on a single day to minimise the redemption fees charged.
BENEFITSWhat is the fuel surcharge waiver benefit on this card?
The Platinum Edge Credit Card offers a fuel surcharge waiver of up to INR 100 per month. The waiver is applicable on fuel transactions with a minimum value of INR 500 and a maximum value of INR 4,000. This benefit can save you up to INR 1,200 annually. The waiver applies at any fuel station across India, giving you complete freedom to refuel without worrying about extra charges.
REWARDSWhat categories are excluded from earning Reward Points on the Platinum Edge Credit Card?
Several transaction categories are not eligible for Reward Points on the Platinum Edge Credit Card. These include fuel and auto, education, insurance, utilities, rent payments, wallet loads, quasi-cash, railways, real estate, government services, contracted services, Bills2Pay, EMI transactions, and cash transactions. These exclusions are effective from October 15, 2024, and categories/MCCs are defined as per Visa and Mastercard guidelines.
FEESHow can I get the annual fee waived on the Platinum Edge Credit Card?
You can get your next year's annual fee of INR 1,999 waived by spending INR 2,00,000 or more in a year on your Platinum Edge Credit Card. This spend-based waiver applies to the second year's annual fee and helps you enjoy all card benefits at no additional cost. Eligible spends for this waiver should be tracked carefully, as certain excluded categories may not count towards the threshold.
BENEFITSWhat is the total annual benefit value of the Platinum Edge Credit Card?
The Platinum Edge Credit Card offers annual benefits worth INR 17,999 or more. This includes a welcome gift of 8,000 Reward Points (INR 1,600), spend-based annual fee waiver (INR 1,999), reward points on normal and online spends (INR 1,800), milestone reward points (INR 3,000), 4 complimentary domestic lounge visits (INR 6,000), monthly BookMyShow movie offers (INR 2,400), and fuel surcharge waivers (INR 1,200).
USAGEDoes the Platinum Edge Credit Card support EMI transactions?
Yes, the Platinum Edge Credit Card supports EMI financing. You can shop for durables, electronics, furniture, clothes, accessories, groceries, and more, and convert your purchases into easy EMIs. Additionally, the card offers an Easy Cash facility, allowing unlimited cash withdrawals from your available cash limit at any ATM in India up to your billing date. A processing fee of 2.5% (minimum INR 500) applies for cash withdrawals.
INTERNATIONALCan I use the Platinum Edge Credit Card for international transactions?
The Platinum Edge Credit Card is a Mastercard-powered card, which means it is accepted at millions of merchants and ATMs globally. However, specific forex markup fee details are not publicly listed for this card. It is advisable to contact RBL Bank directly or refer to the Most Important Terms and Conditions (MITC) document for information on foreign currency transaction charges before using the card internationally.
USAGEHow do I set up and activate my Platinum Edge Credit Card?
To start using your Platinum Edge Credit Card, you need to set up a 4-digit PIN and ensure your mobile number is updated with RBL Bank to receive One Time Passwords (OTPs) for online purchases. You can set your PIN online through the RBL Bank website or mobile app. Card activation and PIN setup can also be done through the RBL MyCard Mobile App or by visiting the RBL Bank website under the Credit Cards section.

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