Platinum ShopGain Super Card
MyRupaya Ratings
Product Details
Credit Card Name :
Platinum ShopGain Super Card
Bank Name :
Bajaj Finance
Type :
Shopping Credit Card
Interest Rate :
Interest Rate/ charges: upto 3.99% p.m (upto 47.88% p.a)
Eligibility :
Nationality: Indian
Age: 21 to 70 years.
Employment and Credit Score: At bank's Discretion
Pros
Welcome Benefit: Users will get 6,000 RP as welcome rewards on payment of joining fees and minimum spending of Rs. 2,000 within 30 days of card issuance (No welcome rewards will be given to First Year Free cards).
Reward System: Users will get 1 RBL reward point for spending INR 100. The value of 1 RBL reward point is INR 0.25. General cashback rate is 0.25%. 25 reward points for every Rs. 100 spent on utility bill payments, up to 500 reward points per month. Effective cashback rate: 6.25%.
Milestone Benefits: -Zomato Pro voucher/Amazon Prime voucher on spends of Rs. 2 Lacs annually (exclude rental spends), 10,000 RP on spends of Rs. 3 Lacs & above, additional 10,000 RP on spends of Rs. 4 Lacs & above.
Users can convert the available cash limit into a Personal Loan for 3 months at a 1.16% interest rate per month at no processing fee.
Users get unlimited interest-free withdrawal of their available cash limit from all ATMs in India up to the billing date; maximum period of 50 Days.
Cinematic Rewards: 1+1 on Bookmyshow (up to 200 per month) twice a month.
4 complimentary domestic lounge access (1 per quarter)
Xpress Cash: A unique feature that allows users to get an instant loan within their credit limit.
Users also enjoy a credit-free period of up to 50 days as an added benefit.
Cons
No international lounge access.
Have to pay high joining fees.
No welcome rewards will be given to first-year free cards.
Pros & Cons
Welcome Benefits
Welcome Benefit: Users will get 6,000 RP as welcome rewards on payment of joining fees and minimum spending of Rs. 2,000 within 30 days of card issuance (No welcome rewards will be given to First Year Free cards)
Rewards System
Users will get 1 RBL reward point for spending INR 100. The value of 1 RBL reward point is INR 0.25. General cashback rate is 0.25%. 25 reward points for every Rs. 100 spent on utility bill payments, up to 500 reward points per month. Effective cashback rate: 6.25%.
International Forex Markup
Welcome Benefits and Reward System
Special Features
Purchases above INR 3000 can be converted into EMIs. Balance can be transferred from other Credit Card. An interest-free advance cash facility is also available. The card is globally accepted.
Eligibility Criteria
Nationality: Indian
Age: 21 to 70 years.
Employment and Credit Score: At bank's Discretion
Benefits
25x reward points on every Rs. 100 spent on utility bill payments..
1+1 offer on movie tickets from BookMyShow.
4 complimentary visits to domestic airport lounges.
Milestone bonus of Zomato Pro/Amazon Prime voucher on annual spends above Rs. 2 lakh. Annual fee waiver on spending Rs. 3 lakh in a year.
Speical Feature, Eligibility and Benefits
How to apply for Credit Card?
Here are the steps on how to apply for the RBL Bank + Bajaj Finance Platinum ShopGain Super Card: Go to the Bajaj Finserv website: https://www.bajajfinserv.in/rbl-bank-platinum-shopgain-supercard and click on the "Apply Now" button.
Enter your mobile number and submit the OTP you receive.
Check if you have a credit card offer.
If you do, avail of the offer.
Get a call from a Bajaj Finserv representative.
The following documents will be required for the application: Photo ID proof (PAN card, driving license, voter ID card, passport) Address proof (Aadhaar card, utility bill, bank statement) Proof of income (salary slip, business registration certificate)
Contact Details
RBL Bank Credit Card Helpline
+91 22 6232 7777
Email: cardservices@rblbank.com
Account Opening and Procedure
Recommended Credit Cards
Pros:-
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Cons:-
Welcome Benefit: Users will get 6,000 RP as welcome rewards on payment of joining fees and minimum spending of Rs. 2,000 within 30 days of card issuance (No welcome rewards will be given to First Year Free cards).
Reward System: Users will get 1 RBL reward point for spending INR 100. The value of 1 RBL reward point is INR 0.25. General cashback rate is 0.25%. 25 reward points for every Rs. 100 spent on utility bill payments, up to 500 reward points per month. Effective cashback rate: 6.25%.
Milestone Benefits: -Zomato Pro voucher/Amazon Prime voucher on spends of Rs. 2 Lacs annually (exclude rental spends), 10,000 RP on spends of Rs. 3 Lacs & above, additional 10,000 RP on spends of Rs. 4 Lacs & above.
Users can convert the available cash limit into a Personal Loan for 3 months at a 1.16% interest rate per month at no processing fee.
Users get unlimited interest-free withdrawal of their available cash limit from all ATMs in India up to the billing date; maximum period of 50 Days.
Cinematic Rewards: 1+1 on Bookmyshow (up to 200 per month) twice a month.
4 complimentary domestic lounge access (1 per quarter)
Xpress Cash: A unique feature that allows users to get an instant loan within their credit limit.
Users also enjoy a credit-free period of up to 50 days as an added benefit.
No international lounge access.
Have to pay high joining fees.
No welcome rewards will be given to first-year free cards.
The RBL Platinum ShopGain SuperCard is a compelling option for individuals who have high utility bill payments and spend significantly on groceries every month. The 25x reward rate on utilities can offset the annual fee and potentially offer high cashback equivalent. However, the high annual fee, limited redemption options, potential customer service concerns, and lower points on other categories are important drawbacks to consider.
Platinum ShopGain Super Card
Abhijeet Saxena
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai
Product Review
Fees & Charges
Joining fees: Rs 1499 & add-on cardholder
Annual membership Fees: 1499 + GST (second year onwards) Spend Rs. 1,50,000 in a year and get waiver of Next year Annual Fee
Cash Advance fee: 2.5% of the cash amount withdrawn (minimum Rs 500)
Late Payment fees: Up to Rs.100 - ZeroLate fee. Above Rs.100 -12.5% of total due amount (Max Rs. 1300/-)
Finance charges/ Interest Charges: upto 3.99% p.m (upto 47.88% p.a)
Foreign Currency Transaction Fees: 3.5%
Reward Redemption fees: Rs 99
EMI Processing fees : Rs 199 + GST
Fuel Surcharge
1% Surcharge on Fuel transaction value or Rs.10, whichever is higher. However, Fuel surcharge waiver of up to Rs.100 per month is available. (The Surcharge is applicable on minimum fuel transactions of Rs. 500 and maximum of Rs. 4,000.)
Billing Cycle
30 days