RBL Bank Platinum ValuePlus Credit Card
RBL Bank · Open to apply
A ₹499 fuel card: 10% cashback on fuel up to ₹250 a month (credited as reward points), a ₹100 a month fuel surcharge waiver and a ₹500 gift voucher on joining; the fee is reversed at ₹50,000 of spend. RBL's own exclusion list now removes fuel and auto from reward eligibility (see conflicts).
- Annual fee
- ₹499 + GST a year
- Joining fee
- ₹499 + GST
- Fee waiver
- Annual fee waived on ₹50,000 spend per card year
- Base rate
- No stated earn on other spends: 0% in RBL Cashback (credited as reward points) (about 0% at cash value)
- Lounges
- None on record
- Forex markup
- 3.5%
- Data
- From bank documents, checked 6 Nov 2026
Main earn rates
- 10% cashback on fuel (up to ₹250 a month): 10% in RBL Cashback (credited as reward points) (about 10% at cash value)
Earns nothing on
- No stated earn on other spends
- No reward points on education, insurance, utilities, rent, wallet
- No reward points on fuel and auto, quasi-cash, real estate, government services, EMI and cash
- No reward points on railways
- No base reward points on EMI conversions
Where the sources disagree
- spend-linked annual fee waiver: The schedule of charges (RBL-CC-SOC-V2-04-06-2026) lists the fee as ₹499 in both years with no waiver, while the MITC fee table (Aug 2026) and the card page give a waiver at ₹50,000 of annual spend. The waiver is entered (MITC and page are the card-specific documents).
- fuel cashback versus the fuel exclusion: The page's headline benefit is 10% cashback on fuel (₹250 a month), while its footnote says that from 15 Oct 2024 transactions on Fuel & Auto are not eligible on this card. The footnote is the later, dated change and the file follows it (fuel earns nothing); the cashback rule is kept so the entry shows what the page advertises. If RBL still pays the fuel cashback, the card's value is understated by up to ₹3,000 a year.
Terms the calculator does not value
- Service providers, contracted services and Bills2Pay (RBL's own bill-payment channel) are named as ineligible but match none of our categories alone; they are not modelled except where a category listed in the exclusion rules already covers them.
- Eligibility (age, income) is not on the card page, the MITC or the schedule of charges.
- The cashback is credited as reward points but the page gives no points per rupee; it is entered as ₹ at face value. Other spends earn nothing in this entry because no rate is stated.
Sources
- RBL Bank, Platinum ValuePlus Credit Card page (Product page, the bank's own, read 6 Nov 2026)
- RBL Bank, Most Important Terms and Conditions cum Key Fact Statement for Credit Cards (PDF modified 2026-08-20) (Most important terms (MITC), the bank's own, read 6 Nov 2026)
- RBL Bank, Schedule of Charges for credit cards, RBL-CC-SOC-V2-04-06-2026 (Schedule of charges, the bank's own, read 6 Nov 2026)
- RBL Bank Rewards terms and conditions (general) (Reward terms, the bank's own, read 6 Nov 2026)