Dhanlaxmi Bank Platinum Credit Card Review in 2023

The Dhanlaxmi Bank Platinum Credit Card is a user-friendly credit card option available in the market. It is designed to cover purchases made at supermarkets and departmental stores.

While it used to be a lifetime free card, there is now an annual fee of INR 400 associated with it. This credit card is categorized as a VISA platinum card, providing access to various platinum benefits, including discounts on luxury brands, dining, travel, and complimentary golf games.

Dhanlaxmi Bank has partnered with the Oriental Insurance Company to offer a range of insurance protections to cardholders. These protections encompass credit shield, purchase protection, and air travel-related insurance, making the card particularly advantageous for frequent travellers.

Key Features of the Dhanlaxmi Bank Platinum Credit Card:

Cashback: Cardholders enjoy a 5% cashback on purchases made at supermarkets and departmental stores.
Cashback Cap: There is no upper limit imposed on the amount of cashback that can be earned.
Renewal Offer: The annual fee is waived if the cardholder spends a minimum of INR 50,000 within one year.

Additional Features of the Dhanlaxmi Bank Platinum Credit Card:

Global Customer Care Call Centers: The card provides access to global assistance when needed.

Free Insurance Coverage: The card offers insurance coverage, including credit shield for accidental death and disability up to INR 10,00,000, purchase protection up to INR 10,00,000 for 90 days from purchase, air accident insurance (death) of INR 35,00,000, loss of check-in baggage coverage up to INR 25,000, loss of travel documents up to $500, and more.

Air Travel-Related Covers: Cardholders must book their air travel using the Dhanlaxmi Credit Card to avail of the associated insurance coverage.

Eligibility:

Both salaried and self-employed individuals can apply.
Minimum annual income of INR 6 lakh is required.
The applicant should be a resident of India.

Documentation:

Proof of identity (PAN card, passport, or driving license).
Address proof.
Latest salary slip for salaried applicants.
Proof of income, such as Form 16, ITR copy, or bank statement (last six months).

The rating of the Dhanlaxmi Bank Platinum Credit Card is based on five key factors:

Ease of Use: The clarity of cashback or reward point systems and their usability, along with consideration for any caps on rewards.
Extra Facilities: Additional benefits beyond standard payment features, including airport lounge access, welcome benefits, and insurance coverage.
Cost of the Card: Evaluation of annual fees, add-on charges, hidden fees, and rebates.
Availability: Accessibility of the card to a wide range of individuals, with consideration for the ease of meeting eligibility criteria.
Acceptance: The card's universal acceptance and the credibility of the issuer.

Applying for the Dhanlaxmi Bank Platinum Credit Card:

Interested customers can apply for the Dhanlaxmi Bank Platinum Credit Card by visiting the bank's branch or official website. The application process involves completing a form and submitting the necessary documents. After submission, the bank will review the application, and upon successful qualification, the credit card will be dispatched.

Frequently Asked Questions (FAQs):

Eligibility: Indian citizens earning Rs. 6 lakhs and above are eligible to apply for the card.
Cashback: Yes, the card offers cashback benefits.
Finance Charge: The credit card carries a finance charge of 18% per annum.
Insurance Coverage: Yes, the card provides accident coverage, air accident cover, and more.
Reward Points: Cardholders can redeem their reward points for electronic items, toys, bags, and other items.

In conclusion, the Dhanlaxmi Bank Platinum Credit Card is designed to help individuals navigate the modern world while maintaining focus and productivity. With its cashback benefits, insurance coverage, and other features, the card offers a comprehensive solution for various financial needs and lifestyle preferences.

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