MyFinCards
Platinum ShopDaily Credit Card

Joining Fee

₹499

Annual Fee

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

RBL Bank
Cashback
Shopping
Best For: Grocery shoppers, Budget-conscious spenders

Platinum ShopDaily Credit Card

Rewards Structure

Base Reward Rate

5% on spends

Point Value

1 Point = ₹0.25

Earning Cap

₹250 /monthly

Pros

  • 5% cashback on grocery spends
  • Welcome voucher worth INR 500
  • Spend-based annual fee waiver at INR 50,000
  • Low annual fee of INR 499
  • Unlimited ATM cash withdrawal feature

Cons

  • Cashback capped at INR 250 per month
  • Cashback credited as reward points, not direct cash
  • 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.

Cashback credited as reward points redeemable only on rblrewards.com

Welcome voucher only on payment of joining fee and INR 2,000 spend within 30 days

Transactions on Education, Insurance, Utilities, Rent Payments and Wallet Load 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 transactions are not eligible

Key Benefits & Features

Detailed benefits inside

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 transactionsNo 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 ShopDaily Credit Card

The RBL Bank Platinum ShopDaily Credit Card is designed for everyday shoppers who want to maximize savings on their regular purchases. Positioned as a card with the power of four cards in one, it complements daily spending habits by delivering high savings, particularly on grocery purchases, along with best-in-class rewards, vouchers, and discounts. With an annual fee of just INR 499, the card offers strong value for budget-conscious spenders. New cardholders receive a welcome gift voucher worth INR 500 upon paying the annual fee and spending INR 2,000 within the first 30 days of card issuance. The card's standout feature is a 5% cashback on all grocery spends, credited as reward points and redeemable at rblrewards.com, up to INR 250 per month. Cardholders who spend INR 50,000 in a year also benefit from a second-year annual fee reversal, making the card even more cost-effective over time. Total annual benefits can add up to INR 4,000 or more. Additional convenience is offered through the Easy Cash feature, which allows unlimited ATM cash withdrawals up to the available cash limit from any ATM in India within the billing cycle, subject to a processing fee. Together, these features make the Platinum ShopDaily Credit Card a practical and rewarding choice for grocery shoppers and everyday spenders alike.

Expert Review

Our Verdict

Grocery-focused cashback card with welcome vouchers and spend-based annual fee waiver for INR 499/year.

Frequently Asked QuestionsAbout Platinum ShopDaily Credit Card

FEESWhat is the annual fee for the Platinum ShopDaily Credit Card?
The Platinum ShopDaily Credit Card has an annual membership fee of INR 499 plus applicable Goods and Service Tax (GST). The same amount of INR 499 is charged as a joining fee when you first get the card. However, you can get the second year's annual fee waived off if you spend INR 50,000 or more in a year.
FEESHow can I get the annual fee waived on the Platinum ShopDaily Credit Card?
You can get the second year's annual fee of INR 499 reversed by spending INR 50,000 or more in a year on your Platinum ShopDaily Credit Card. Please note that transactions made on Education, Insurance, Utilities, Rent Payments, and Wallet Load categories do not count towards this spend threshold. Additionally, spends on Fuel, Quasi-Cash, Railways, Real Estate, Government Services, and certain other categories are also not eligible.
REWARDSWhat cashback do I earn on grocery spends with the Platinum ShopDaily Credit Card?
You earn 5% cashback on all grocery spends made with the Platinum ShopDaily Credit Card. The cashback is capped at INR 250 per month. Over a year, this amounts to a potential saving of up to INR 3,000. Please note that the cashback is credited in the form of reward points, not direct cash, and can be redeemed at www.rblrewards.com.
REWARDSHow is the cashback credited on the Platinum ShopDaily Credit Card?
The cashback earned on the Platinum ShopDaily Credit Card is not credited as direct cash to your account. Instead, it is credited in the form of reward points. You can redeem these reward points by visiting www.rblrewards.com. The cashback is capped at INR 250 per month on grocery spends, which translates to a 5% cashback rate.
BENEFITSWhat are the welcome benefits of the Platinum ShopDaily Credit Card?
New cardholders receive gift vouchers worth INR 500 as a welcome benefit. To qualify, you must pay the annual fee and make spends of INR 2,000 within 30 days of card issuance. Please note that no welcome rewards will be given to First Year Free cards. The total annual benefits of the card can add up to INR 4,000 or more, including the welcome voucher, cashback, and annual fee waiver.
BENEFITSDoes the Platinum ShopDaily Credit Card offer ATM cash withdrawal?
Yes, the Platinum ShopDaily Credit Card offers an Easy Cash feature that allows unlimited withdrawal of your available cash limit from all ATMs across India up to your billing date. A processing fee of 2.5% is applicable on cash withdrawals, with a minimum charge of INR 500. Please refer to the Most Important Terms and Conditions (MITC) for complete details on this feature.
REWARDSWhat transactions are not eligible for reward points on the Platinum ShopDaily Credit Card?
Several transaction categories are not eligible for reward points on the Platinum ShopDaily Credit Card. These include Education, Insurance, Utilities, Rent Payments, and Wallet Load. Effective from October 15, 2024, additional ineligible categories 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 & Mastercard guidelines.
USAGEHow can I redeem reward points earned on the Platinum ShopDaily Credit Card?
Reward points earned on the Platinum ShopDaily Credit Card, including cashback converted to reward points, can be redeemed by visiting www.rblrewards.com. You can log in to this portal to browse available redemption options and use your accumulated reward points. For further assistance with redemption, you can also manage your card through the RBL MyCard Mobile App or by contacting RBL Bank customer support.
BENEFITSWhat is the total annual benefit value of the Platinum ShopDaily Credit Card?
The total annual benefit of the Platinum ShopDaily Credit Card can exceed INR 4,000. This includes a welcome gift voucher worth INR 500 (on spending INR 2,000 within 30 days and payment of annual fee), up to INR 3,000 from 5% cashback on grocery spends (capped at INR 250 per month), and a spend-based annual fee waiver worth INR 499 if you spend INR 50,000 in a year. The card charges an annual fee of only INR 499.
INTERNATIONALCan I use the Platinum ShopDaily Credit Card for international transactions?
The Platinum ShopDaily Credit Card is primarily designed for domestic shopping and grocery spends. The card data does not specify a forex markup rate, and the card's key benefits are focused on domestic cashback and rewards. For international transactions and forex-related queries, it is recommended to contact RBL Bank customer support directly or refer to the Most Important Terms and Conditions (MITC) document available on the RBL Bank website.
APPLICATIONHow do I apply for the Platinum ShopDaily Credit Card?
You can apply for the Platinum ShopDaily Credit Card through the RBL Bank official website by visiting the credit card section and clicking on the apply option for this card. You may also visit your nearest RBL Bank branch to apply in person. The application process typically requires you to submit KYC documents, proof of income, and other relevant personal details. Ensure you meet the eligibility criteria before applying.
DOCUMENTSWhat documents are required to apply for the Platinum ShopDaily Credit Card?
While the page does not list specific documents, standard documents typically required for an RBL Bank credit card application include: a valid identity proof (Aadhaar card, PAN card, or passport), address proof, recent passport-sized photographs, and income proof such as salary slips or bank statements. It is recommended to check the RBL Bank website or contact their customer service for the exact list of documents required for the Platinum ShopDaily Credit Card.
OTHERHow do I report loss or unauthorized use of my Platinum ShopDaily Credit Card?
If your Platinum ShopDaily Credit Card is lost or if you notice any unauthorized transactions, you should immediately report it to RBL Bank. You can do this by visiting the 'Report Loss or Unauthorised Use' section on the RBL Bank website, contacting RBL Bank customer care, or using the RBL MyCard Mobile App to instantly block your card. You can also switch your card on or off anytime for added security through the card settings feature.
CANCELLATIONHow can I cancel or close my Platinum ShopDaily Credit Card?
To cancel or close your Platinum ShopDaily Credit Card, you need to contact RBL Bank's customer service through their official helpline or visit the nearest RBL Bank branch. You can also raise a query or request through the RBL Bank website under the 'Raise a Query/Request/Complaint' section. Before cancellation, ensure all outstanding dues are cleared and any pending reward points are redeemed, as unused points may lapse upon card closure.
BENEFITSIs there a welcome benefit for First Year Free Platinum ShopDaily Credit Cards?
No, welcome rewards are not applicable for First Year Free cards. The welcome gift voucher worth INR 500 is only available to cardholders who pay the joining fee of INR 499 and make spends of INR 2,000 within 30 days of card issuance. If you received your card on a First Year Free basis, you will not be eligible for the welcome voucher benefit, though you can still earn the 5% cashback on grocery spends.

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