Bajaj Finserv RBL Bank Platinum Choice SuperCard: Credit Card Review

Today, I’m super excited to share my thoughts on the Bajaj Finserv RBL Bank Platinum Choice SuperCard. You know me, I’m always on the lookout for credit cards that offer great perks and flexibility. And let me tell you, this SuperCard really caught my attention! It’s packed with some incredible features that I think you’ll find useful too. So, let’s dive in and explore the world of the Bajaj Finserv RBL Bank Platinum Choice SuperCard together, shall we? Trust me, you don’t want to miss out on what this card has to offer!

Bajaj Finserv RBL Bank Platinum Choice SuperCard Features

• 🎁 Welcome Rewards: Earn 2000 reward points by spending ₹2000. Enjoy a 10% discount on BookMyShow.
• 💻 Online Spend Rewards: Get 2x rewards on online spending, making your shopping experiences even more satisfying.
• 🎉 Annual Reward and Fee Waiver: Spend ₹50,000 or more in a year to have your annual fee waived. You’ll also receive an annual reward of ₹2500.
• 💰 Loan Against Credit Card: Convert your cash limit into a Personal Loan for 3 months at 1.16% interest per month, no processing fee.
• 💸 Easy Cash Access: Enjoy unlimited interest-free cash withdrawals from ATMs.
• ⛽ Fuel Surcharge Waiver: Get a ₹100 fuel surcharge waiver at any fuel pump.

Welcome Rewards – Earn as You Spend!

Let’s start with the amazing Welcome Rewards this card brings to the table. Just by spending ₹2000, you’ll earn a whopping 2000 reward points right off the bat. It’s like a little bonus for simply getting approved! These reward points can be redeemed for a variety of perks, whether it’s discounts, vouchers, or even cashback. Plus, movie buffs will love the added benefit of a 10% discount on BookMyShow. That means more movie nights with friends and loved ones at a fraction of the cost.

Online Spend Rewards – Multiply Your Benefits!

But the rewards don’t stop there! With the Bajaj Finserv RBL Bank Platinum Choice SuperCard, you’ll enjoy 2x rewards on all your online spending. Whether you’re shopping for fashion, electronics, or even ordering food, those reward points will keep piling up, making your online shopping experiences even more satisfying.

Annual Reward and Fee Waiver – Maximizing Value!

Here’s something I absolutely love: the annual fee waiver. If you spend ₹50,000 or more in a year, your annual fee will be completely waived. That’s a great way to keep your expenses in check while enjoying the perks of this card. Plus, you’ll even receive an annual reward of ₹2500, adding another layer of value to your credit card usage.

Loan Against Credit Card – Flexibility at Your Fingertips!

Now, let’s talk about the unique feature of the Bajaj Finserv RBL Bank Platinum Choice SuperCard – the option to convert your available cash limit into a Personal Loan. Imagine having the flexibility to meet your financial needs without going through the hassle of a traditional loan application. With this card, you can convert your cash limit into a Personal Loan for a period of 3 months, with an interest rate as low as 1.16% per month and no processing fees. It’s a convenient option provided by RBL Bank, subject to their discretion and policies, giving you the freedom to manage your expenses efficiently.

Easy Cash Access and Fuel Surcharge Waiver – Convenience at Every Step!

Here’s another reason why this SuperCard stands out – the ease of accessing cash. With unlimited interest-free cash withdrawals from ATMs, you’ll never find yourself short on cash when you need it the most. It’s a convenient feature that provides peace of mind and saves you from unnecessary charges or hassles. Additionally, the Bajaj Finserv RBL Bank Platinum Choice SuperCard offers a ₹100 fuel surcharge waiver at any fuel pump. This not only helps you save on your fuel expenses but also adds to the overall convenience and value this card brings to your daily life.

Eligibility Criteria for Bajaj Finserv RBL Bank Platinum Choice SuperCard

Eligibility Criteria
Age Range: 21 to 70 years
Regular Source of Income: Applicants are required to have a regular source of income.
Residential Address: The applicant’s residential address must be serviceable by the bank.
Credit Score: A minimum credit score of 720 or above is desired.
Previous Repayment Defaults: Applicants should not have any previous repayment defaults.

How to Apply for Bajaj Finserv RBL Bank Platinum Choice SuperCard?

To apply for the Bajaj Finserv RBL Bank Platinum Choice SuperCard, follow these steps:

• Start the application process by visiting the official Bajaj Markets website.
• Fill out the required details in the application form for the Platinum Choice SuperCard.
• Explore the available options for the Platinum Choice SuperCard.
• Choose the Bajaj Finserv RBL Bank Platinum Choice SuperCard that suits your needs.
• Complete the application process by submitting the credit card application form and the necessary documents.

Alternatively, if you prefer an offline application, you can apply for the Bajaj Finserv RBL Bank Platinum Choice Credit Card through other available channels.

Bajaj Finserv RBL Bank Platinum Choice SuperCard Fee and Charges

The Bajaj Finserv RBL Bank Platinum Choice SuperCard comes with a range of fees and charges to be aware of. When you join, there is a joining fee of ₹499 (plus GST), and an annual fee of ₹499 (plus GST), which can be waived if your annual spend exceeds ₹50,000. There are no charges for add-on cards. For foreign currency transactions, a fee of 3.5% (plus GST) applies. Cash payments at branches have a fee of ₹100 (w.e.f. 1st July ’22).

Other charges include surcharges on train ticket purchases/cancellations, fuel transactions, reward redemption, cash withdrawals, overdue interest, late payment fees, overlimit penalties, rental transaction fees, finance charges, and more. It’s important to review these fees and charges to understand their impact on your card usage and finances.

Fee Type	Charges Applicable
Joining Fee	₹499 (plus GST)
Annual Fee	₹499 (plus GST)
Add-on Card Fee	NIL
Foreign Currency Transaction	3.5% (plus GST)
Cash Payment at Branches	₹100 (w.e.f. 1st July ’22)
Surcharge on Purchase/Cancellation of Train Tickets	IRCTC service charges* plus Payment Gateway Transaction charge [up to 1.8% plus GST of (ticket amount + IRCTC service charge)]
Fuel Transaction Charge	1-2.5% plus GST surcharge on fuel transaction value or ₹10 plus GST, whichever is higher
Reward Redemption Fee	₹99 plus GST
Cash Withdrawal Transaction Fee	2.5% plus GST (min ₹500 plus GST) of the cash amount
Overdue Interest on Extended Credit	Up to 3.99% plus GST per month or 47.88% plus GST per annum
Overdue Penalty/Late Payment	Up to ₹100 (NIL for amounts below ₹100), or 12.5% of total due amount (maximum of ₹1,300)
Overlimit Penalty	₹600 plus GST
Rental Transaction Charges	1% fee on transaction amount for rental transactions
Finance Charges (Retail Purchases and Cash)	APR up to 3.99% plus GST per month (up to 47.88% plus GST per annum)
Card Replacement	NIL
Duplicate Statement Fee	NIL
Charge Slip Retrieval/Copy Fee	₹100 plus GST
Outstation Cheque Fee	₹100 plus GST
Bajaj Finserv RBL Bank Credit Card Cheque Return/Dishonour Fee Auto Debit Reversal-Insufficient Funds	₹500 plus GST
Merchant EMI Transaction Fee	₹199 plus GST

Disadvantages

While the Bajaj Finserv RBL Bank Platinum Choice SuperCard offers several advantages, it’s important to consider the drawbacks as well. Here are a few drawbacks of this card:

1. Limited Reward Categories: The card does not provide reward points on certain spend categories such as education, insurance, utility bills, wallet loads, rental payments, and fuel expenses. This can restrict the earning potential for cardholders in these areas.
2. No Domestic Lounge Access: Unlike some premium credit cards, the Platinum Choice SuperCard does not offer domestic lounge access as a feature. If lounge access is an important consideration for you, this card may not meet that requirement.
3. Foreign Currency Transaction Fee: The card imposes a foreign currency transaction fee of 3.5% (plus GST) for transactions made in currencies other than Indian Rupees. This can add additional costs for international travelers or those who frequently make purchases in foreign currencies.

Bajaj Finserv RBL Bank Platinum Choice SuperCard Credit Card Limit

The Bajaj Finserv RBL Bank Platinum Choice SuperCard does not have a predefined limit. The card limit is determined by the issuer based on the individual cardholder’s credit profile and other factors.

FAQs

What is the annual charge of Bajaj Finserv RBL Bank Platinum Choice SuperCard?

The annual charge for the Bajaj Finserv RBL Bank Platinum Choice SuperCard is ₹499 (plus GST). However, this annual fee can be waived off if your annual spending on the card exceeds ₹50,000.

Does Bajaj Finserv RBL Bank Platinum Choice SuperCard provide Domestic Lounge Access?

No, the Bajaj Finserv RBL Bank Platinum Choice SuperCard does not provide domestic lounge access as one of its features or benefits.

How to close Bajaj Finserv RBL Bank Platinum Choice SuperCard?

To close your Bajaj Finserv RBL Bank Platinum Choice SuperCard, you will need to follow these steps:

Contact Customer Service

Get in touch with the customer service department of Bajaj Finserv RBL Bank. You can find their contact information on their official website or on the back of your credit card.

Request Card Closure

Inform the customer service representative that you would like to close your Platinum Choice SuperCard. They will guide you through the process and may ask for some information to verify your identity.

Settle Outstanding Dues

Before closing the card, ensure that all outstanding dues on the card are settled. Clear any pending payments, fees, or charges to avoid any complications.

Submit Closure Request

Follow the instructions provided by the customer service representative to submit a formal closure request. This may involve sending a written request or filling out a closure form.

Return or Destroy the Card

If instructed by the bank, return the physical credit card to the designated address. Alternatively, they may request you to destroy the card by cutting it into multiple pieces to ensure it is no longer usable.

Once the closure request is processed, you should receive confirmation from the bank regarding the successful closure of your Platinum Choice SuperCard.

It is important to note that the exact process for card closure may vary, so it’s best to contact the bank directly for the most accurate and up-to-date information on closing your Bajaj Finserv RBL Bank Platinum Choice SuperCard. I personally prefer to email their official customer support to get my credit card closed. This also acts as a proof that an application for closure has already been submitted.

Who should get this Bajaj Finserv RBL Bank Platinum Choice SuperCard?

Bajaj Finserv RBL Bank Platinum Choice SuperCard is recommended for individuals who:

1. Seek rewards and benefits: The card offers welcome rewards, online spend rewards, and annual fee waiver, making it suitable for those who want to earn rewards on their spending.
2. Have a regular source of income: As a requirement for eligibility, individuals with a regular source of income can benefit from this card.
3. Prefer fee waivers: The annual fee of ₹499 (plus GST) is waived off if the annual spending on the card exceeds ₹50,000, making it appealing for individuals who want to minimize fees.
4. Need the flexibility of a personal loan: The option to convert the available cash limit into a personal loan at a low interest rate for 3 months can be useful for those who require short-term financing.
5. Desire fuel surcharge waiver: With a ₹100 fuel surcharge waiver at any fuel pump, individuals who frequently use their card for fuel purchases can save on fuel costs.

Who should Avoid this Credit card?

Avoid Bajaj Finserv RBL Bank Platinum Choice SuperCard if:

1. You prioritize lounge access: If access to domestic lounges is important to you, this card does not provide that benefit.
2. You frequently spend in excluded categories: If a significant portion of your expenses falls under categories such as education, insurance, utility bills, wallet load, or rental payments, this card does not offer reward points for those expenditures.
3. You want higher reward redemption options: Keep in mind that there is a reward redemption fee of ₹99 plus GST for all redemptions made on the Bajaj Finserv RBL Bank SuperCards.
4. You prefer a lower annual fee: While the card offers an annual fee waiver for higher spenders, if you anticipate not meeting the spending threshold, the annual fee of ₹499 (plus GST) may not be worth it for you.

Consider your personal financial needs, spending habits, and preferences before deciding whether this card aligns with your requirements. It’s always recommended to compare multiple credit card options and choose the one that best suits your specific needs.

Conclusion

The Bajaj Finserv RBL Bank Platinum Choice SuperCard offers a range of benefits such as welcome rewards, online spend rewards, and an annual fee waiver for eligible cardholders. The option to convert the available cash limit into a personal loan and enjoy interest-free cash withdrawals adds to its versatility. However, it’s important to be aware of the card’s limitations, such as the exclusion of certain spend categories for earning reward points and the absence of domestic lounge access. Additionally, individuals should consider the applicable fees and charges associated with the card. Overall, the Platinum Choice SuperCard can be a valuable financial tool for those looking to maximize rewards and enjoy additional benefits. It’s advisable to carefully assess your own financial needs and preferences before making a decision.