Tata Platinum Credit Card Review

Tata Platinum Credit Card is a co-branded credit card from SBI. This card is specially designed to offer the users more shopping benefits. The card has so many privileges such as welcome gift, anniversary benefits, value back, empower points, bonus spend rewards, fuel surcharge waiver, airport lounge access, worldwide acceptance, credit facility, add-on card benefits, cash on the go, online railway ticket bookings,  utility bill payments, balance transfer, flexipay, etc.

Eligibility Criteria:

  • Resident Type: Indian. 
  • For salaried person:
    • Age: 21 to 60 yrs. 
    • Income: Above ₹25,000 monthly. 
  • For self-employed person:
    • Age: 21 to 65 yrs. 
    • Income: Above ₹25,000 monthly. 
  • Good CIBIL Score. (750 or more).

Required Documents:

  • Photocopy of ID Proof (any 1)
    • Aadhar card
    • Voter Card
    • Passport
    • PAN Card
  • Photocopy of Address proof (any 1) 
    • Last 6 months bank account Statement
    • Aadhar Card 
    • Driving License 
    • Passport
    • Utility bill
  • One recent passport-sized photographs
  • Proof of income statement:
    • Salaried Person (any 1)
      • Latest salary slip, (3 months) 
      • ITR
    • Self-employed person
      • Latest Income tax return. 
      • Proof of business
      • Recently audited financial report. 

Fee:

  • Joining Fee: 2,999 + GST
  • Annual Fee: 2,999 + GST

Benefits:

  • Welcome benefit:

If you choose this card you will get a gift voucher of ₹3000 by SMS as a welcome gift. You will get several brands to choose from like Yatra, Hush Puppies, Bata, westside, or Aditya Birla Fashion. You can choose the gift vouchers by replying to the SMS or by calling the customer care number. You will get the welcome gift within 15 days of paying the joining fee. 

  • Value-Back benefit:

If you spend shopping at cromaretail.com and Croma you will get 2% value back.

If you spend at Tata outlets you will get 5% value back.

  • Reward benefit:

If you spend ₹100 shopping at departmental stores and grocery stores you will get 3 empower points.

If you spend ₹100 on dining and International purchases you will get 3 empower points.

If you spend ₹100 for other purposes you will get 1 empower point.

These empower points are convertible and you can convert these reward points into

Cash (1 empower points is equals to ₹1).

  • Lounge access:

You will get 8 complimentary Domestic lounge accesses per year. You can get a maximum of 2 accesses per quarter.

  • Fuel surcharge waiver:

This card offers a 1% waiver on fuel surcharges, this offer is applicable at any fuel stations in India. The transaction amount should be between ₹500 to ₹4,000. You can save a maximum of ₹250 in a month. 

  • Milestone Benefit:

If you spend Rs.4 lakh and 5 lakhs in a year you will get bonus rewards for each milestone.

You will get e-gift vouchers worth Rs.3000 from Yatra, Aditya Birla Retail, Bata, westside, etc.

You will get this voucher within 7 days of achieving the spending milestone. 

Also if you spend ₹2 lakhs or more you will get an anniversary gift.

  • Add-on facility:

You can share the awesome features of your cards with your loved ones. Just add your loved ones, (min age – 18+) with your card and they can also the features of a credit card.

  • Cash on the go:

You will be able to withdraw money from more than 1 million Visa and MasterCard ATMs all around the world.

  • Railway ticket booking:

You can book a railway ticket online with your card. You will get your tickets at the doorstep. For bookings, you have to register at irctc.co.in.

  • Utility bill payment:

You can use your card for your utility bill payments such as electricity bill, water bill, telephone bill, etc.

  • Balance transfer on EMI:

You can transfer the balance of your other cards to this card to have a lower interest rate against your dues.  

  • Flexipay: 

With this facility, you can convert your high-value purchases into EMI. You can convert your transaction into EMI just by logging in to your net banking account. 

  • Security:

This card comes with a built-in EMV Chip. It adds more security and convenience to your transactions.

  • Global acceptance:

You can use your card all around the world. You will be able to use your card in more than 24 million outlets around the world and 3.25 lakh outlets in India.

Charges:

  • Cash Withdrawal Charge: 2.5% against the amount, min ₹500. 
  • Finance Charge: 3.50% monthly. 
  • Foreign currency transaction: 3.5% against the transaction amount. 

Contact Details:

Call: 1860 500 8282

       1800 180 8282

Mail: [email protected]

100xGain Ratings:

4/10

Final Opinion:

If you want to earn reward points from your shopping then this card can be a good option for you. if offers up to 3 reward points for n each ₹100 spend on shopping, complimentary lounge access, Cash-Back on online shopping, fuel surcharge waiver, add-on facility, balance transfer facility, and lots more. 

But this card does not feature benefits on travel or golf rounds. So if you want a travel card then you can go for IndusInd Bank InterMiles Voyage Credit Card, and if you want to earn benefits on golf then you can go for RBL IGU NHS Golf World Card

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