M16S / RBL Bank / RBL Platinum Choice Credit Card
entry · rewards
RBL Platinum Choice Credit Card
The RBL Platinum Choice Credit Card costs Rs 499 a year, waived if you spend Rs 50,000 in a year. Its base return is 0.25% (1 point per Rs 100). Accelerated earn: 2X points online. The forex markup is 3.5%. Read from the issuer's own documents on 11 Oct 2026.
- Annual fee
- Rs 499+ GST
- Fee waived at
- Rs 50,000annual spend
- Base return
- 0.25%
- Forex markup
- 3.5%
- Interest
- 3.99%a month
Apply on rbl.bank.inOpens the bank’s own page.
Fees
| Joining fee | Free |
|---|---|
| Annual fee | Rs 499 |
| Annual spend that waives the fee | Rs 50,000 |
| Fee notes | Annual fee per MITC; waiver threshold per MITC (schedule of charges omits waivers for these variants) |
Rewards
| Welcome benefit | 2,000 points on fee payment and Rs 2,000 spend in 30 days (not on first-year-free cards) |
|---|---|
| Reward currency | Reward Points |
| Base earn | 1 point per Rs 100 |
| Base return | 0.25% |
| Point value | Rs 0.11-0.25 per point depending on redemption category |
| Accelerated earn | 2X points online |
| Caps | Online bonus capped at 1,000 points |
| Spends that earn nothing | No points on education, insurance, utilities, rent, fuel, wallet loads; also quasi-cash, railways, government, contracted services, Bills2Pay, EMI, cash |
| Reward notes | base_return_pct = 1 point per Rs 100 x Rs 0.25 best case. |
Travel and perks
| Forex markup | 3.5% |
|---|---|
| Fuel surcharge waiver | Rs 500-4,000 transactions, cap Rs 100/month |
| Other freebies | BookMyShow 10% off up to Rs 100 a month |
Charges and eligibility
| Interest per month | 3.99% |
|---|---|
| Late payment fee | 12.5% of total amount due, min Rs 5, max Rs 1,300 |
| Cash advance fee | 2.5% min Rs 500 |
| Fine-print notes | Issuer page shows no closure notice and no Bajaj Finserv branding; whether RBL sources this variant directly today is not confirmed. Issuer MITC: reward redemption fee Rs 99 + GST per redemption day; 1% fee on rent, on utility spend above Rs 50,000/month, on fuel transactions above Rs 10,000, on education via third-party apps and on FASTag/toll transactions above Rs 10,000. Offline UPI spends under Rs 2,000 at small merchants earn nothing on RuPay variants. |
Questions
- What is the annual fee of the RBL Platinum Choice Credit Card?
- Rs 499 a year, before GST. It is waived if you spend Rs 50,000 in a year.
- What is the forex markup on the RBL Platinum Choice Credit Card?
- 3.5% of each foreign-currency transaction, before GST.
- Which spends earn no rewards on the RBL Platinum Choice Credit Card?
- No points on education, insurance, utilities, rent, fuel, wallet loads; also quasi-cash, railways, government, contracted services, Bills2Pay, EMI, cash