Santa Claus comes around just once a year. In the meantime, there are Credit Cards.
  • RBL Bank India Start-up Club Platinum Credit Card

    With an aim to encourage entrepreneurs, RBL bank has come up with different banking initiatives that would help start-ups during their journey. As a part of their efforts, the bank introduced two credit cards, the India Start-up Club Platinum Credit Card and India Start-up Club World Credit Card tailored to cater the needs of Indian entrepreneurs.

    This article discusses about the platinum version of the card which is loaded with more features and benefits compared to its counterpart. With no joining fee, fuel surcharge waiver, accelerate rewards programme the card is a must have for all the newly established business owners. Let’s drill down further to have a comprehensive look at the features and benefits of the India Start-up Club Platinum Credit Card.

    Features of RBL Bank India Start-up Club Platinum Credit Card

    • No Joining Fee: In a move to attract users, RBL bank introduced the card without joining fee. Cardholders don’t have to pay anything to use the card for the first year, whereas beginning second year they need to pay annual fee.
    • Fuel Surcharge Waiver: By using India Start-up club platinum card at fuel stations, cardholders get a fuel surcharge waiver for purchases of minimum transaction value of Rs.500 and maximum of Rs.4,000. For every billing cycle a maximum of Rs.100 surcharge waiver can be availed.
    • Support for entrepreneurs: The bank offers innovative and tailor-made solutions through multiple channels for all the queries related to the credit card with 24x7 assistance and technology convenience. Customers can make use of the guidance and assistance provided by the bank at any time.
    • Secured transactions: With an inbuilt embedded chip the card offers enhanced safety and security. It microchip protects the chip from counterfeiting and skimming and thus makes it secure for all the transactions including online and point of sale.

    Rewards Points of India Start-up Club Platinum Credit Card

    • Earn while you spend: Except for the fuel purchases, all other purchases made using the credit will earn 2 reward points for every Rs.100 spent.
    • Accelerated rewards: Online transaction using the credit card will attract 2 times more reward points that is for every Rs.100 spent online, cardholders will earn 4 reward points.
    • Reward redemption: The accrued reward points can be redeemed for flights, hotel booking and more than 5000 products listed in the RBL rewards catalogue.

    Important Fees and Charges for RBL Bank India Start-up Club Platinum Credit Card

    Type of Charge Amount
    Joining fee NIL
    Annual membership fee Rs.1,000 + taxes
    Add-on card fee NIL
    Interest rate (for retail purchases and cash withdrawals) Up to 3.5% per month (42% per annum)
    Late payment fee 15% of total amount due (Min. Rs.350, Max. Rs.1,000)
    Over limit penalty Rs.600

    Other Charges of RBL Bank India Start-up Club Platinum Credit Card

    Type of Charge Amount
    Cash advance transaction fee 2.5% of the withdrawn 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 /re-issue) Rs.200
    Surcharge on booking or cancelling railway tickets 1.8% of ticket amount + IRCTC service charge
    Credit card bill cash payment at RBL branches Rs.100 per transaction
    Foreign currency transaction 3.50%
    Outstation cheque fee Rs.100
    Duplicate statement fee Rs.100
    Charge slip retrieval fee or copy fee Rs.100
    Cheque return fee or Auto-debit dishonour fee Rs.500

    RBL Bank India Start-up Club Platinum Credit Card - Eligibility

    Only business owners of a start-up company are eligible to apply for India Start-up Club Platinum Credit Card.

    How to apply for RBL Bank India Start-up Club Platinum Credit Card

    The credit card can be applied through RBL Bank’s official website by following the below steps.

    • Visit RBL website (https://rblbank.com/home)
    • From the main menu select ‘Credit Cards > India Start-up Club Platinum Credit Card’
    • Click on the ‘Apply Now’ button
    • You will be redirected to an online application form, where you need to select the card and enter required details before submitting

    Once the bank receives your application, you’re likely to receive a call on which you will be explained the further process to get the credit card.

    Alternatively, you can also call RBL Bank credit card helpline numbers - 022 6232 7777 or 1800 121 9050 to know the offline process for applying for the start-up credit card. You can also send an e-mail to cardservices@rblbank.com requesting them to help you with the application process of the credit card.

    RBL Bank India Start-up Club Platinum Credit Card FAQs

    1. Do I get any fuel surcharge waiver with the RBL Bank India Start-up Club Platinum Credit Card?

      At fuel stations, you will get a fuel surcharge waiver for purchases of minimum transaction value of Rs.500 and maximum of Rs.4,000 with the RBL Bank India Start-up Club Platinum Credit Card. For every billing cycle a maximum of Rs.100 surcharge waiver can be availed.

    2. Are there any accelerated rewards with this card?

      Online transaction using the credit card will attract 2 times more reward points that is for every Rs.100 spent online, cardholders will earn 4 reward points.

    3. What is the late payment fee on the RBL Bank India Start-up Club Platinum Credit Card?

      The late payment fee is 15% of total amount due (Min. Rs.350, Max. Rs.1,000).

    4. How much do I need to pay to get a duplicate statement of my credit card?

      For a duplicate statement of the credit card, you need to pay Rs.100.

    5. Which number can I reach to call the customer care of the bank?

      You can reach 022 6232 7777 or 1800 121 9050.

    6. What is the cash advance transaction fee of the RBL Bank India Start-up Club Platinum Credit Card?

      The cash advance transaction fee of the RBL Bank India Start-up Club Platinum Credit Card is 2.5% of the withdrawn amount (Min. Rs.300)

    Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

    reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.