RBL Bank Platinum Maxima Credit Card Review

By | December 30, 2016

RBL Bank Platinum Maxima Credit Card is one of the RBL bank’s semi premium credit card which offers domestic lounge access, spend based milestone reward points and Free Movie Tickets.

  • Joining Fee: Rs. 2,000+Tax
  • Welcome Bonus: 8,000 Points
  • Annual Fee Waiver: Spend Rs. 1.5 Lakhs or more in the previous year

The welcome bonus worth is not actually equivalent to the Joining fee paid, pretty near though.

Reward Points on RBL Platinum Maxima Credit Card

  • 2 Reward points per Rs.100
  • 5X rewards on Intl Spends, Dining, Entertainment, Utility Bill Payments and even Fuel.
  • 10,000 Bonus Points on achieving Rs.2L spend in a yr
  • 10,000 Bonus Points on achieving Rs.3.5L spend in a yr
  • 1 Reward point = 0.23ps – 0.25ps

So, this card is best if you spend about Rs.3,50,000 a year. Lets see how much we can save in that case.

  • Total Spend of 3.5L in a year = 7,000 Points
  • Bonus Points = 10,000+10,000 = 20,000 Points
  • Total = 27,000 Points = Rs.6,200 in Value
  • Effective Reward Rate: 1.8%

Did you notice that even their basic variant RBL Platinum Delight Credit Card with a low joining fee can get you 5% value back while this one stands at just 1.8%.

Also note that their 5X points on international spends are useless because they charge you 3.5%+tax as markup fee which is about 4% and give back reward points with less than 2.5% in value. That’s 1.5% LOSS. For international expenses, Indusind Signature Exclusive Debit Card is my all time favorite.

Features of RBL Platinum Maxima Card:

  • CardExpert Rating: 3.5/5
  • Reward rate: Upto 1.8%
  • Complementary Airport lounge access: 2 Visits/quarter via Mastercard lounge Access programme
  • Fuel Surcharge Waiver: Nil
  • Foreign Exchange Markup fee: 3.5% + Service Tax
  • Renewal Fee Waiver: Nil
  • Special Features: Reward points based on spend, Free Movie Tickets.

RBL Platinum Maxima Card stands good if you spend about 3.5L a year, however, in this joining fee range, i would rather go for Regalia or Regalia First or even Yes Bank preferred Card which has far better features and offers compared to this. On top of it, these cards are issued for free while RBL never wants to issue any cards at free of cost.

What’s your take on RBL Bank Platinum Maxima Credit Card? Share your views in comments below.

11 thoughts on “RBL Bank Platinum Maxima Credit Card Review

  1. Chiller

    Hi Sid

    I notice you haven’t reviewed any Kotak Mahindra Bank Debit or Credit Cards. Would it be possible for you to review those? I’m a Kotak Account holder and am really confused with their myriad of options.

    Reply
    1. Siddharth Post author

      Their reward rate is TOO low to be considered while there are lot of other cards in the market. It is as low as 0.25% and even the premium cards are not that good.

      Well, i’ll review them soon, just to make sure no one is getting them 😉

      Reply
      1. MANU KUMAR

        Yes, the League platinum card is promoted as a premium card and they provide 75 rupees for 1000 points…

        Reply
  2. Krishna R M

    Dear Siddharth,

    Among others , I hold Citibank rewards card, Standard Chartered Titanium Card and SBI Gold and more card, though rewards rate on these cards are not great, many offers like cash back and discounts on flight bookings and online shopping offers are offered on these cards from time to time. Considering that these cards are life time free and oldest of the cards I hold, should I continue to hold these??

    Reply
  3. Amandeep singh

    Now it is 10x rewards on Intl Spends, Dining, Entertainment and Utility Bill Payments.

    Reply
      1. Amandeep singh

        I received an SMS few days back from rbl stating the same.But website still says 5x.

        Reply
        1. Siddharth Post author

          Ah, Do you see extra points or could you confirm it with Customer care?
          10X is nice for this card, let others know as well if it can be verified 🙂

          Reply
  4. Amandeep singh

    Sadly it is 5x not 10x confirmed by customer care. Regarding the SMS I have send them a screenshot and they will check and revert.

    Reply
  5. Amit

    This card has 2400 points per month on spend of 10000 Rs per month.

    Reply
  6. Sushil Chauhan

    Please update about annual spending waiver of this card.

    Reply

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