Overview:

The Dhanlaxmi Bank Platinum Credit Card is designed to make you a happy shopper. It comes with a plethora of benefits like cashback and reward points when you spend on your credit card. The Dhanlaxmi Bank Platinum Credit Card bears no annual fee or renewal fees. Avail of add on cards for your family members free of cost. Have peace of mind with complimentary accident insurance, lost card liability insurance and purchase protection. The finance charges are extremely low at 1.5% per month when you carry forward a balance. Furthermore, you can avail of credit periods of 20-50 days on this card. Dhanlaxmi Bank also gives you access to an expenses tracker called emPower which allows you to view and manage your expenses and spending patterns.

Benefits:

• Rewards:

  Earn reward points when you spend on your Dhanlaxmi Bank Platinum Credit Card. Redeem them for a variety of products in the rewards catalogue. Once you reach 600 points, you can start redeeming your points.

• Cashback:

  Get 5% cashback when you spend at theatres, supermarkets and departmental stores.

• Purchase Protection:

  With your Dhanlaxmi Bank Platinum Credit Card, you are covered for up to Rs. 1 lakh against damaged, duplicate or fraudulent products and charges for up to 90 days from the date of your purchase.

• Lost Card Liability:

  In case you lose your credit card, you are protected for up to Rs.2 lakh in case of lost card liability with 2 days of pre-reporting.

• Complimentary Insurance:

  With your Platinum Credit Card, you are entitled to Rs. 35 lakhs coverage against air accidents. In the event of your death or permanent and total disability, you will also receive up to Rs. 2 lakh.

• Zero Joining Fees:

  There are no joining fees for this card. Add on cards are also free. Avail of this card from Dhanlaxmi Bank at absolutely no charge.

• No annual fees:

  Enjoy this card and its benefits without paying any annual or subscription fees for the main card as well as the add on cards.

• Add on Cards:

  Avail of add on cards for your immediately family members and extend the benefits of this card.

• Online Concierge:

  Avail of the online concierge service offered to you as a Dhanlaxmi Platinum Credit Cardholder. This service can be used to make queries or bookings for restaurants, hotels, flights and more.

Features:

• Revolving credit:

  Buy it now and pay for it later with the revolving credit facility. Avail of 20 to 50 days credit periods on your purchases. Pay your bills in full to continue the free credit periods. Carrying forward a balance will attract interest charges of 1.5% on the outstanding amount as well as fresh purchases.

• Expense Manager:

  With emPower, a handy financial planning tool from Dhanlaxmi Bank, you can review your expenses and spending patterns. You can plan your finances and your budget better with this smart tool.

• Global Customer Assistance:

  Customers have access to the Dhanlaxmi customer care from anywhere in the world. Make queries, report loss of card, enquire about your balance, credit limits, transactions, and more.

• Low credit charges:

  Enjoy one of the lowest interest rates in the market. The finance charges on outstanding balances are as low as 1.5% per month.

• SMS alerts:

  Subscribe to SMS alerts provided by Dhanlaxmi Bank. Be aware of your transactions, account status, outstanding balance, bill due dates and bill amounts with these alerts.

• Verified by VISA:

  Verified by VISA ensures security of your online transactions. Register for it to make the process of checking out easy.

Important Fees and Charges:

Other Fees and Charges:

Eligibility Criteria:

To qualify for the Dhanlaxmi Bank Platinum Credit Card, you must meet the following eligibility requirements.

• Salaried individuals should be earning at least Rs. 6 lakhs gross annual income.
• Self-employed must be drawing a gross annual income of Rs. 6 lakhs.

Dhanlaxmi Bank Platinum Credit Card FAQs:

1. How do I make payments towards my Dhanlaxmi Bank Platinum Credit Card bill?

   You can use any of the following methods to make payments towards your credit card.

   • Cash - Pay in cash at any Dhanlaxmi Bank Branch.
   • Cheque or Demand Draft - Visit any Dhanlaxmi Bank Branch and drop a cheque or DD favouring “Dhanlaxmi Credit Card no.” followed by your 16 digit card number.
   • Internet Banking - Account holders can pay online through the Dhanlaxmi online banking portal.
   • Standing Instructions - Set standing instructions with the bank to automatically debit your account to make payments against your credit card.
   • Funds Transfer - You can make payments through ECS and NEFT.
2. Can I increase my credit limit on the Dhanlaxmi Bank Platinum Credit Card?

   After 12 months of being a Dhanlaxmi Bank Platinum Cardholder, you can apply for an increase on your credit limit. You need to provide fresh financial documentation to the bank. The bank, at its sole discretion, may increase your credit limit on your Dhanlaxmi Bank Platinum Credit Card.

3. How is the interest-free period calculated?

   When you spend on your Dhanlaxmi Bank Platinum Credit Card, you can get an interest-free period that ranges between 20 to 50 days. If your bill is generated on the 20th of every month and you make a transaction on the 20th, you get a 48-day credit period. This is because you will be billed only in the next billing cycle. However, if you make the transaction on the 19th, then you will be billed in the current month and receive only 20 days till your payment due date. Please see the illustrative example below.

Billing Cycle	Transaction Date	Due Date	Interest-Free Period
20th	20th September	9th November	50 days
20th	19th September	10th October	20 days

4. Is there a grace period for making credit card bill payments?

   Your interest-free period is the grace period granted to pay your bill or the minimum amount due on your Dhanlaxmi Bank Platinum Credit Card.

5. What happens if I cannot pay back my credit card bill?

   You should use a credit card responsibly. In the event that you cannot pay your bill back, speak to the bank regarding your financial status. Find out if you can devise an EMI plan according to your financial capabilities to clear the loan. If you ignore payments, the bank will notify you to make the payment. Your credit record will be reported to CIBIL which will ruin future credit possibilities. Your interest rate will be amped up to 3.5% per month. After repeated notices, the bank can take legal action to recover the amount due.

6. How do I make a claim for insurance provided by my Dhanlaxmi Bank Platinum Credit Card?

   Dhanlaxmi Bank provides insurance coverage in association with ICICI LOMBARD. In order to make a claim, you must inform ICICI LOMBARD within 15 days of the event. You will be informed about the procedure and the documents required. Once you submit everything, ICICI LOMBARD will decide on the admissibility of the claim. If your claim is approved, the insurance payment will be credited to you within 15 working days from the day you submitted the documents. If there is further investigation required, it may take more than 15 working days.