Santa Claus comes around just once a year. In the meantime, there are Credit Cards.
This credit card was launched by RBL Bank to complement your lifestyle and purchasing habits with high-savings and reward points. The joining fee for this card is Rs.999 (Plus Service Tax). The fee for the second year will be reversed if you spend Rs.1,00,000 within the first year.
The limit of your RBL Bank Platinum Bonus SuperCard will be decided by the bank, based on many factors like credit utilisation ratio, credit score and past repayment habits.
| Type of Charge | Fee |
|---|---|
| Joining Fee | Rs.999 (Plus Service Tax) |
| Annual Fee | Rs.999 (Plus Service Tax) |
| Benefits | Value (In Rs.) |
|---|---|
| Welcome Gift (6,000 Reward Points) | 1,500 |
| Spend Rs.1,00,000 within a year, receive a waiver of the next year annual fee | 1,000 |
| 1,500 Reward Points on 4 transactions worth Rs.1,000 and more within a month | 3,750 |
| 5,000 Reward points every time you spend Rs.1,00,000 in one year | 2,500 |
| Total benefits per annum | 22,000+ |
Once you become qualified for this RBL credit card, you will have to submit a few documents for processing your application. These are a few:
A processing fee of 2.5% will be applicable on ATM withdrawals.
Yes, however, if you spend Rs.1,00,000 within the first one year, the second year fee will be waived off.
You will have to submit your driving license, Aadhaar card and passport.
Every time you spend Rs.1,00,000 in one year, you will get 5,000 reward points that are worth Rs.2,500.
You can always convert your cash into a 3 months personal loan which will be interest-free. This can be done one time in a year.
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