The RBL Bank Platinum Delight Credit Card is an entry-level credit card that lets you earn rewards on every transaction that you make with your credit card. It offers monthly spend benefit, Fuel Surcharge Waiver and accelerated rewards on your spends during weekends.
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With a moderate interest and slightly high annual fee, this credit card does a good job of giving you weekend benefits. However, it has its own set of disadvantages. Therefore, let us take a glance at the pros and cons of this credit card to get a complete picture of the advantages and disadvantages of the RBL Platinum Delight Credit Card.
Pros & Cons:
|Reasons to Choose||Reasons to Avoid|
|Accelerated rewards on weekends||High interest rate|
|Monthly Spend Benefit||No golf privileges|
|Fuel Surcharge Waiver||No airport lounge access|
Rewards/Benefits: RBL Platinum Delight Credit Card
- Welcome Bonus: 4,000 reward points on swiping your card in the first sixty days
- Monthly Spend Benefit: Earn 1,000 Bonus Reward Points every month on swiping your Card 5 times for transactions worth INR 1,000 or more in a calendar month
- Rewards Programme:
- 2 reward points for every INR 100 spent on weekdays
- 4 reward points for every INR 100 spent on weekends
- Fuel Surcharge Waiver: Fuel Surcharge Waiver for fuel transactions of INR 500 to INR 4,000
- Annual Fee Reversal: Spend INR 1.5 Lakhs on your credit card and get your annual fee waived off
Is the rewards rate good?
Case 1: 2 points for every INR 100 spent on Weekdays
Since 1 reward point is equivalent to INR 0.25, therefore you earn INR 0.5 on every INR 100 spent. So, rewards rate is 0.5/100 * 100 % = 0.5%
Case 2: 4 points for every INR 100 spent on Weekends
You earn double the rewards on weekends. Hence, rewards rate is 1%
Is this card for you?
This card is for you if:
- You are looking for an entry-level credit card
- You can spend INR 1,000 five times in a month in order to get the monthly spend benefit
- Spending INR 1.5 Lakhs to be eligible for the annual fee waiver is possible for you
- You don’t need a credit card for a specific purpose such as travel, airport lounge access, dining, entertainment etc.
How to Redeem Rewards?
To redeem your reward points, you need to log in to the RBL Rewards page. After logging in, you can redeem your points for flights, hotels, lifestyle vouchers etc. However, you need to redeem at least 1,000 points in a single instance. Please note that every reward point is worth INR 0.25.
How to make the most of this card?
To get maximum benefits, use the credit card at least 5 times a month. Each transaction should be of at least INR 1,000 to receive 1,000 monthly bonus points. Furthermore, you need to spend INR 1.5 Lakhs on your card in a year in order to be eligible for annual fee reversal. To get Fuel surcharge Waiver, individual transactions should be in the range of INR 500 to INR 1,000.
RBL Platinum Delight Credit Card – Payments & Fees:
|Annual Fee||INR 750|
|Foreign Transaction Markup Fee||3.5% of the transaction amount|
|Cash Withdrawal Fee||2.5% of the withdrawal amount (minimum INR 300)|
|Late Payments Fee||15% of Total Amount Due (Min INR 350 and Max INR 1,000)|
|Overlimit Penalty||INR 600|
|Credit Card Replacement Fee||INR 200|
|Railway Ticket Surcharge Fee||1.8% of the transaction amount + IRCTC Service Taxes|
Terms & Conditions Explained:
- Annual Fee Reversal: On spending INR 1.5 Lakh in the previous year and get the annual fee waived off
- Foreign Transaction Fee: A foreign currency mark-up fee of 3.5%
- Maximum Fuel Surcharge waived: For all transactions falling in the range of INR 500 to INR 4,000 at petrol pumps, the waiver is capped at INR 150 per month
Application – Eligibility & Documents:
- KYC-PAN, Address proof and ID Proof
- One photograph
- Salary slip/Form 16
- A good credit history
- Anyone having a salary greater than INR 20,000
Other credit cards with similar/better features:
Standard Chartered Manhattan Platinum Credit Card
Nothing fares better than Standard Chartered Manhattan Platinum Credit Card when it comes to the best entry-level credit card for salaried people. It is a perfect all-rounder credit card for people who live in Tier 1 and 2 cities and want to use it for their everyday expenses. If you are a regular Uber rider, there are not too many other cards that give you cash back of INR 600 every month. The fees on the Standard Chartered Bank Manhattan Platinum credit card are not very high and the card offers both cash back and rewards benefits. On the flip side, interest rates and fees are on the higher side.
SBI SimplyCLICK Credit Card
With excellent rewards and offers on online shopping along with a minimal annual fee of INR 499 per annum, it is a very effective credit card for rookies. Given the card’s preferred partners such as Amazon, ClearTrip, and BookMyShow, it surely is aimed at the young urban millennial.
The SBI SimplyCLICK Credit Card offers 10x rewards on online shopping at sites like Amazon, ClearTrip, BookMyShow, etc. Furthermore, on all other e-commerce spends, you get 5x rewards. For any other spend, you get 1X rewards. Additionally, there are special discounts for first-time purchases at BookMyShow, Urban Clap. If you want an entry- level credit card for shopping, the SBI SimplyCLICK is tough to beat.
Citibank Cashback Credit Card
If you are looking for a great entry-level credit card, then Citi Cashback credit card is a safe bet. It takes care of your entertainment needs while simultaneously taking care of your phone and utility bill payments. Moreover, the good thing about this credit card is you always get something out of it. The 0.5% cash back on all other categories is not bad since you are not going empty-handed.
This credit card does not offer airport lounge access or golf privileges, making it slightly disappointing. However, you can always take a second credit card which specifically caters to your travel and airport lounge access needs. Additionally, you don’t get any welcome bonus on this card.
The RBL Platinum Delight Credit Card is a decent option. However, other credit cards offer much more for the same price. Therefore, you should consider cards such as SBI SimplyCLICK or SC Manhattan or Citi Cashback Credit Card.
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