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.
|Type of Charge||Amount|
|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|
|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|Cash advance transaction fee||2.5% of the withdrawn amount (Min.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|
Other RBL Bank Credit Cards
Only business owners of a start-up company are eligible to apply for India Start-up Club Platinum Credit Card.
The credit card can be applied through RBL Bank’s official website by following the below steps.
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 email@example.com requesting them to help you with the application process of the 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.
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.
The late payment fee is 15% of total amount due (Min. Rs.350, Max. Rs.1,000).
For a duplicate statement of the credit card, you need to pay Rs.100.
You can reach 022 6232 7777 or 1800 121 9050.
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)
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