The RBL Platinum Choice SuperCard, a collaborative credit card offered by RBL Bank and Bajaj Finserv, is designed for individuals looking for an all-in-one card solution to manage their everyday financial needs. This credit card not only simplifies transactions but also provides users with an array of rewards, discounts, and benefits tailored for daily spending, including special perks like movie discounts and reward points.
In this comprehensive guide, we will delve into the unique features, fees, eligibility, and application process for the RBL Platinum Choice SuperCard.
Features and Benefits of RBL Platinum Choice SuperCard
The RBL Platinum Choice SuperCard offers a myriad of features designed to cater to various financial needs and consumer preferences. Here is a detailed breakdown of the key benefits:
1. Emergency Advance
A standout feature of this card is the ability to convert your cash limit into a personal loan for up to 3 months without any interest charges. This emergency advance can be used once a year, providing relief during sudden financial requirements. This ensures you can address unforeseen expenses without paying high-interest rates typically associated with cash withdrawals.
2. Cash on Card
This feature allows instant access to cash with a pre-approved loan from your credit card. Whether it’s an unexpected bill or an urgent purchase, you can easily withdraw money from your pre-approved cash limit.
3. Balance Transfer
With the balance transfer facility, cardholders can transfer the outstanding balance from another credit card to their RBL Platinum Choice SuperCard at a significantly lower interest rate. This enables individuals to consolidate their debt and manage finances more efficiently.
4. Reward Points
The SuperCard rewards its users handsomely. Upon paying the joining fee and spending Rs. 2000 within 60 days of issuance, you are awarded 2000 reward points. Additionally, for every Rs.100 spent, you earn 1 reward point. The card also offers 2x reward points on all online purchases, ensuring you are continuously rewarded for your day-to-day spending.
5. Easy Cash Withdrawals
One of the most attractive features is the ability to make unlimited, interest-free cash withdrawals for a period of up to 50 days from any ATM nationwide, allowing cardholders to withdraw cash from their available cash limit without immediate interest charges.
6. Movie Discounts
For entertainment lovers, the RBL Platinum Choice SuperCard offers up to Rs. 100 off on movie tickets booked through BookMyShow, making your movie-going experience more enjoyable and affordable.
7. Fuel Surcharge Waiver
Cardholders can also enjoy a fuel surcharge waiver of up to Rs.100 per month, making it easier to save on day-to-day fuel purchases, particularly beneficial for regular commuters.
Fees and Charges of RBL Platinum Choice SuperCard
Understanding the fee structure is crucial when choosing the right credit card. Below is the breakdown of the fees and charges associated with the RBL Platinum Choice SuperCard:
| Category | Amount |
|---|---|
| Annual Fee | Rs.499 plus Service Tax |
| Add-on Fee | Nil |
| Foreign Currency Transaction | 3.5% + GST |
| Late Payment Fee | 15% of the total amount due |
| Finance Charges | 3.99% + GST per month |
| Over Limit Penalty | Rs.600 |
The annual fee of Rs.499 is competitive for the benefits offered by the card. Additionally, foreign transactions come with a standard charge of 3.5%, and the over-limit penalty is Rs.600. However, the reward points and cashback benefits easily offset these charges for most users.
Eligibility and Documents Required for RBL Platinum Choice SuperCard
To apply for the RBL Platinum Choice SuperCard, you must meet the eligibility criteria set by RBL Bank. Below are the key eligibility requirements and necessary documents:
Eligibility Criteria
- Age Requirement: Applicants must be between 25 and 65 years old.
- Credit Score: A minimum credit score of 750 is required.
- Citizenship: The applicant must be an Indian citizen.
- Employment Status: The applicant can either be salaried or self-employed.
Documents Required
- Proof of Identity: You need to submit one of the following—PAN Card, Aadhaar Card, Driver’s License, Passport, Voter ID, Overseas Citizen of India Card, Person of Indian Origin Card, or NREGA Job Card.
- Proof of Address: Documents such as Aadhaar Card, Driver’s License, Passport, Utility Bill (not older than 3 months), Ration Card, or Bank Account Statement can be used as address proof.
- Proof of Income: Latest salary slips (not older than 3 months), Form 16, or last 3 months’ bank statement can be submitted as proof of income.
How to Apply for RBL Platinum Choice SuperCard
Applying for the RBL Platinum Choice SuperCard is a simple process that can be done either online or offline.
1. Online Application
To apply online, visit the RBL Bank or Bajaj Finserv website. From there, follow these steps:
- Click on the credit card section.
- Select the RBL Platinum Choice SuperCard.
- Fill out the application form with your personal, professional, and financial details.
- Submit the required documents, including proof of identity, proof of address, and proof of income.
2. Offline Application
Alternatively, you can apply by visiting the nearest RBL Bank branch and filling out the necessary forms. You may also reach out to a bank executive to assist you with the application.