The Bajaj Finserv Platinum Classic SuperCard is a co-branded credit card jointly offered by Bajaj Finserv, a non-banking financial company (NBFC) and RBL Bank.
The card is termed as super card as it claims to offer more than what a regular credit card offers. Besides acting as a debt instrument for the users, the Platinum Classic SuperCard also provides emergency loans, interest-free cash withdrawal and 0% EMI finance options.
The card features state-of-the-art contactless technology that enables quicker transactions and eliminates the need of entering a PIN and is equipped with PIN-based-EMV chip to make the transactions more secure.
The cash withdrawal limit, however, depends on the bank’s policies and will be communicated at the time of application.
Once approved, your credit limit will be converted in to a loan with a 3-month tenure. You will be charged 0% interest for all the three months but will be levied a flat 2.5% processing fee. The bank reserves the right to decide the eligible loan amount, which may sometimes vary from the credit limit.
The accrued points can be redeemed for a range of gift vouchers, hotel stays, air tickets and others. You can redeem them on the RBL bank website at www.rblrewards.com/SuperCard.
With an in built PIN-based-EMV chip, the card makes your transaction more safe and secure.
Online transactions also become secure with an added authentication layer of one time password or OTP that will be sent to your registered e-mail or phone number.
Further, the card is covered under ‘zero fraud liability’ enabling the customer to stay in peace even when the card is lost or stolen. However, the same needs to be informed to the bank’s customer service as soon as possible.
|Type of Fee||Amount (INR)|
|Joining fee||Rs.499 + taxes|
|Annual Membership Fee||Rs.499 + taxes|
|Add-on Card fee||Nil|
|Interest rate (retail purchases and cash)||Up to 3.5% per month (42.00% per annum)|
|Late payment fee||15% of total amount due (Min. Rs.350, Max. Rs.1,000)|
|Over limit penalty||Rs.600|
|Type of Charge||Amount (INR)|
|Cash advance transaction fee||2.5% of the cash amount (Min. Rs.300)|
|Call-a-Draft fee||2.5% of the draft amount (Min. Rs.300)|
|Card replacement fee (for stolen/lost/torn cards)||Rs.200|
|Surcharge on booking/cancelling railway tickets||1.8% of (ticket amount +IRCTC service charge).|
|Fuel surcharge||1% on fuel transaction value (subject to a minimum of Rs.10)|
|Credit card bill cash payment at branches (RBL/Bajaj Finserv)||Rs.100 per transaction|
|Foreign currency transaction||3.50%|
|Outstation cheque fee||Rs.100|
|Duplicate statement fee||Rs.100|
|Charge slip retrieval fee/copy fee||Rs.100|
|Cheque return fee/Auto-debit dishonour fee||Rs.500|
Customers who wish to apply for the card can apply online or by approaching the bank.