MyFinCards
Platinum ValuePlus Credit Card

Joining Fee

₹499

Annual Fee

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

RBL Bank
Cashback
Fuel
Rewards
Best For: Frequent fuel users, Budget-conscious spenders seeking low annual fee card

Platinum ValuePlus Credit Card

Rewards Structure

Base Reward Rate

% on spends

Point Value

1 Point = ₹0.25

Earning Cap

₹250 /monthly

Pros

  • 10% cashback on fuel purchases every month
  • Fuel surcharge waiver up to INR 100 per month
  • INR 500 welcome gift voucher
  • Annual fee waiver on INR 50,000 annual spend
  • Low annual fee of INR 499
  • EMI facility available

Cons

  • Cashback capped at INR 250 per month on fuel
  • 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.

Fuel surcharge waiver only on transactions between INR 500 and INR 4,000

Cashback earned as reward points redeemable only at rblrewards.com

Transactions on Education, Insurance, Utilities, Rent Payments, 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 for rewards

Key Benefits & Features

Welcome gift of INR 500 gift voucher on payment of joining fee and spends of INR 2,000 within 30 days of card issuance.

Easy Cash: Unlimited ATM cash withdrawal up to available cash limit in India up to billing date. Processing fee 2.5% (min INR 500).

Notable Exclusions

Transactions on Education categories not eligible for rewardsTransactions on Insurance categories not eligible for rewardsTransactions on Utility categories not eligible for rewardsTransactions on Wallet Load not eligible for rewardsQuasi-Cash transactions not eligible for rewardsRailways transactions not eligible for rewardsRental/Real Estate transactions not eligible for rewardsGovernment Services transactions not eligible for rewardsContracted Services transactions not eligible for rewardsCash transactions not eligible for rewardsMiscellaneous transactions not eligible for rewardsFuel & Auto transactions not eligible for rewards (beyond cashback feature)

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

Official Terms & Conditions

About Platinum ValuePlus Credit Card

The RBL Bank Platinum ValuePlus Credit Card is designed to deliver meaningful savings across everyday spending, with a particular focus on fuel purchases. Cardholders receive an INR 500 Gift Voucher as a welcome benefit upon payment of the joining fee and spends of INR 2,000 within 30 days of card issuance. With an annual fee of just INR 499, the card also offers a second-year fee waiver when annual spends reach INR 50,000, making it a cost-effective choice for budget-conscious users. At the heart of this card's value is its fuel-focused rewards structure. Cardholders earn 10% cashback on fuel purchases, capped at INR 250 per month, along with a fuel surcharge waiver of up to INR 100 per month on transactions between INR 500 and INR 4,000. These benefits can add up to over INR 5,000 in annual value, making it especially attractive for frequent drivers. Beyond fuel savings, the card supports flexible spending through easy EMI options on purchases such as electronics, furniture, and groceries. It also offers unlimited cash withdrawals from ATMs across India up to the billing date. Powered by the Visa network, the Platinum ValuePlus Credit Card is a practical, rewarding option for those seeking strong fuel benefits combined with everyday financial convenience.

Expert Review

Our Verdict

Fuel-focused card with 10% cashback on fuel, surcharge waiver & INR 500 welcome gift voucher.

Frequently Asked QuestionsAbout Platinum ValuePlus Credit Card

FEESWhat is the joining fee and annual fee for the Platinum ValuePlus Credit Card?
The Platinum ValuePlus Credit Card comes with a joining fee of ₹499 and an annual fee of ₹499 (plus applicable service tax). However, you can get the second year annual fee of ₹499 reversed if you spend ₹50,000 or more in a year. This makes it a cost-effective card for regular spenders who meet the annual spend threshold.
FEESHow can I get the annual fee waived on the Platinum ValuePlus Credit Card?
You can get the next year's annual fee of ₹499 waived by spending ₹50,000 or more in a year on your Platinum ValuePlus Credit Card. This spend-based waiver makes the card effectively free for regular users. Please note that transactions made on Education, Insurance, Utilities, Rent Payments, and Wallet Load categories will not be counted towards reward points eligibility.
BENEFITSWhat is the welcome benefit on the Platinum ValuePlus Credit Card?
New cardholders receive ₹500 worth of Gift Vouchers as a welcome benefit. To be eligible, you must pay the joining fee and make spends of ₹2,000 within 30 days of card issuance. Please note that welcome rewards will not be provided to First Year Free cardholders. The welcome gift voucher adds immediate value right from the start of your card membership.
REWARDSHow much cashback do I earn on fuel purchases with the Platinum ValuePlus Credit Card?
You earn 10% cashback on fuel purchases every month with the Platinum ValuePlus Credit Card, capped at ₹250 per month. Over a year, this can add up to ₹3,000 in cashback savings. Please note that the cashback is credited in the form of reward points, not direct cash, and can be redeemed at www.rblrewards.com.
BENEFITSWhat is the fuel surcharge waiver benefit on this card?
The Platinum ValuePlus Credit Card offers a fuel surcharge waiver of up to ₹100 per month. The surcharge waiver is applicable on fuel transactions with a minimum transaction value of ₹500 and a maximum of ₹4,000. Over a year, this benefit can save you up to ₹1,200. This waiver allows you to fill your fuel tank at any location without paying extra surcharge charges.
USAGEHow do I redeem the cashback earned on the Platinum ValuePlus Credit Card?
Cashback earned on the Platinum ValuePlus Credit Card is credited in the form of reward points, not as direct cash. You can redeem these reward points by visiting www.rblrewards.com. The redemption portal allows you to use your accumulated points for a variety of rewards and benefits. Make sure to log in to the rewards portal to check your points balance and available redemption options.
BENEFITSWhat is the EMI facility available on the Platinum ValuePlus Credit Card?
The Platinum ValuePlus Credit Card offers an EMI Finance facility that allows you to convert purchases into easy monthly installments. You can use this feature for a wide range of purchases including durables, electronics, furniture, clothes and accessories, and groceries. This makes it easier to manage large expenses by spreading the cost over a convenient repayment period. Terms and conditions apply.
USAGECan I withdraw cash using the Platinum ValuePlus Credit Card?
Yes, the Platinum ValuePlus 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 with a minimum charge of ₹500. For complete details on cash withdrawal terms and limits, please refer to the Most Important Terms and Conditions (MITC) document provided with your card.
REWARDSWhich transaction categories are not eligible for rewards on the Platinum ValuePlus Credit Card?
Effective from October 15, 2024, several transaction categories are not eligible for rewards on the Platinum ValuePlus Credit Card. These include: Fuel & Auto, Quasi-Cash, Railways, Real Estate, Service Providers, Government Services, Contracted Services, Bills2pay, EMI, Miscellaneous, and Cash transactions. Additionally, transactions on Education, Insurance, Utilities, Rent Payments, and Wallet Load categories will not earn reward points. Categories are defined as per VISA and Mastercard guidelines.
BENEFITSWhat is the overall annual value I can get from the Platinum ValuePlus Credit Card?
The Platinum ValuePlus Credit Card offers a total estimated annual value of over ₹5,000. This includes: ₹500 welcome gift vouchers, ₹500 in annual fee savings via the spend-based waiver (on spending ₹50,000), up to ₹3,000 in fuel cashback (10% cashback up to ₹250/month), and up to ₹1,200 in fuel surcharge waivers (up to ₹100/month). This makes it a highly rewarding card especially for frequent fuel users.
OTHERWhat network does the Platinum ValuePlus Credit Card operate on?
The Platinum ValuePlus Credit Card operates on the VISA network and is secured with Verified by Visa / 3D Secure technology, ensuring safe and protected transactions online. Being on the VISA network means the card is widely accepted at millions of merchant outlets and ATMs across India and internationally, providing convenience and broad acceptance for all your spending needs.
USAGEHow can I make payments for my Platinum ValuePlus Credit Card bill?
RBL Bank offers multiple convenient ways to pay your Platinum ValuePlus Credit Card bill. You can pay using Net Banking, Debit Card, UPI, the RBL MyCard Mobile App, or via NEFT. Additionally, you can make payments through Google Pay, Samsung Pay, BHIM UPI @ RBL Bank, and Bharat QR. You can also set up recurring payments for added convenience. Choose the method that works best for you.
OTHERHow do I report loss or unauthorised use of my Platinum ValuePlus Credit Card?
If your Platinum ValuePlus Credit Card is lost or you notice any unauthorised transactions, 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 via the 'Credit Card - Report Loss or Unauthorised Use' option. You can also contact RBL Cares customer service immediately to block your card and prevent further misuse.
INTERNATIONALCan I use the Platinum ValuePlus Credit Card for international transactions?
The Platinum ValuePlus Credit Card is powered by the VISA network, which is accepted globally. However, specific forex markup fee details are not explicitly listed for this card. It is advisable to check with RBL Bank directly or refer to the Schedule of Charges for applicable foreign currency transaction fees before using the card abroad. For dedicated forex needs, RBL Bank also offers a Boardless Prepaid Forex Card.
APPLICATIONHow do I apply for the Platinum ValuePlus Credit Card?
You can apply for the Platinum ValuePlus Credit Card through the RBL Bank website by visiting the credit card section and clicking on the 'Apply Now' option for this card. The application process is straightforward and can be completed online. You will need to provide personal, income, and identity documentation as part of the application process. For assistance, you can also visit an RBL Bank branch or contact RBL Cares customer support.

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