Our Verdict

Dhanlaxmi Bank Platinum Credit Card is among the easiest credit cards to use that is available in the market. It covers all purchases done from supermarkets and departmental stores. This card used to be a lifetime free card, but now there is an annual fee of INR 400. It is a VISA platinum card and VISA offers a lot of platinum benefits including discounts on luxury brands, dining, travel and free golf games.

For the card, Dhanlaxmi Bank has collaborated with Oriental Insurance Company to provide various insurance shields to its customers. These include credit shield, purchase protection, air travel related Insurance, among others making the card favorable for frequent travelers.

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Dhanlaxmi Bank Platinum Credit Card

Dhanlaxmi Bank Platinum Credit Card
4.5
Our ratings take into account a product's rewards, fees, rates and other category-specific attributes. All ratings are determined solely by our editorial team.

Annual fee

INR 400

Welcome Benefits

Nil

Key Features

Cashback

Dhanlaxmi Bank Platinum Credit Card

Annual fee

INR 400

Welcome Benefits

Nil

Key Features

Cashback

Pros & Cons
  • No upper limit on cashback.
  • Minimum income of INR 6 lakh required to apply.

Features of Dhanlaxmi Bank Platinum Credit Card

Cashback:

  • There is a 5% cashback on purchases made from supermarkets and departmental stores.

Cap on Cashback:

There is no upper limit on getting cashback.

Renewal Offer:

Annual fee will not be charged if the subscriber spends INR 50,000 in one year.

Additional Features of Dhanlaxmi Bank Platinum Credit Card

  • Customer Care Call Centers Globally: It has the facility of global assistance at the time of need.
  • Free Insurance Covers:


    Micro Loan Business Loan
    Credit shield: payable on accidental death and disability

    		 Up to INR 10,00,000
    Purchase protection up to 90 days from purchase Up to INR 10,00,000
    Air accident insurance(death) INR 35,00,000
    Loss of check-in baggage Up to INR 25,000
    Loss of travel documents $500
    Missing flight due to transhipment $300
    Delay in receipt of checked baggage (International) $300 in excess
    of 12 hours
    Delay in Flight (International) $250 in excess
    of 12 hours

    For any air-travel related cover, the customers will have to book the tickets using the Dhanlaxmi Credit card only.

Eligibility

  • Both salaried and self employed can apply.
  • The minimum income of the applicant has to be INR 6 lakh per annum.
  • The account holder should be a resident of India.

Documentation

Proof of identity required by both salaried and self-employed:

  • PAN card (mandatory)
  • Passport
  • Driving license
  • Address proof
  • Latest salary slip is required only by salaried applicants.

Proof of income required by both salaried and self-employed:

  • Form 16, copy of your ITR
  • Bank statement (last six months)

Methodology

We have rated the Dhanlaxmi Bank Platinum Credit Card on the basis of five factors:

  • Ease of Use: Where the system of cashback or reward points is clear to understand and it is easy to use those reward points. We have also taken into consideration caps on getting these reward points.
  • Extra Facilities: These include extra benefits provided by a card other than the usual payment making, like airport lounge, welcome benefits, insurance covers, etc.
  • Cost of the Card: The annual fee, add-on charges, hidden charges and rebates all make up for this.
  • Availability: Is the card accessible to all and if the eligibility criteria is not very difficult to achieve.
  • Acceptance: Universal acceptance of the card is a must and is another important factor with the credibility of the issuer.