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Bank of India RuPay Platinum Credit Card

✍️ Fact-checked by Parash Editorial • 🔄 Updated May 2026
Bank of India RuPay Mid

Annual Fee

₹0

Base Rate

2.0%

Reward Type

Points

Overview

The Bank of India RuPay Platinum Credit Card is a Mid credit card issued by Bank of India on the RuPay network. It offers a base reward rate of 2.0% on all spends, with rewards issued as Points(1 pt = ₹0.5).

Annual Fee: Lifetime Free
Eligibility: Minimum 21 years, steady income, and a CIBIL score of 740 or higher.

Reward Rates & Cashback Rules

  • ALL_ONLINE: 2.0% cashback | monthly cap ₹5000.0 ⚠️ A maximum of 10,000 points (worth ₹5,000) can be earned per month across all spends. UPI payments of ₹2,000 or less and cash withdrawals do not earn points.

Key Features & Benefits

  • Insurance Cover 🛡️: Complimentary Personal Accident and Permanent Disability insurance cover of up to ₹2 Lakhs.
  • Concierge Services 🛎️: 24/7 concierge services for travel assistance, hotel reservations, and other consultancy services.
  • Lounge Access (Discontinued) ✈️: As of April 1, 2026, the complimentary airport lounge access perk offered through the RuPay network has been discontinued for this card.

Eligibility Criteria

Minimum 21 years, steady income, and a CIBIL score of 740 or higher.

Features & Benefits

🛡️

Insurance Cover

Complimentary Personal Accident and Permanent Disability insurance cover of up to ₹2 Lakhs.

🛎️

Concierge Services

24/7 concierge services for travel assistance, hotel reservations, and other consultancy services.

✈️

Lounge Access (Discontinued)

As of April 1, 2026, the complimentary airport lounge access perk offered through the RuPay network has been discontinued for this card.

Cashback Engine Rules

The exact calculator logic parameters extracted from the terms & conditions.

All Online Spends
Reward: 2.0% Monthly Cap: ₹5000.0
⚠️ Exceptions: A maximum of 10,000 points (worth ₹5,000) can be earned per month across all spends. UPI payments of ₹2,000 or less and cash withdrawals do not earn points.
2%

Value Chart

Assuming basic spends for Bank of India RuPay Platinum Credit Card

Category Bank of India RuPay Platinum Credit Card Axis Bank Privilege Credit Card Samsung Axis Bank Signature Credit Card HDFC Bank BizPower Credit Card
₹
Joining Fee 		₹0 ₹0 ₹0 ₹0
₹
Annual Fee 		₹0 ₹1500 ₹500 ₹2500
🌍
Forex Markup 		3.5% 3.5% 3.5% 3.5%
%
Base Rate 		2.0% 5.0% 5.0% 2.67%
★
Known Rules 		1 rules 7 rules 10 rules 12 rules

Pros & Cons

✓

Pros

  • + All Spends — 2.0% Points (cap ₹5000.0)
  • + Insurance Cover
  • + Concierge Services
  • + Lounge Access (Discontinued)
✗

Cons

  • −Forex markup of 3.5% on international spends

Our Verdict

₹ Real Value Calculation (assumed ₹3L/year spend)

Est. Annual Rewards

₹6000

Annual Fee

₹0

Net Value

+₹6000

✅ At ₹3L/year spend, base rewards alone cover the fee. Additional benefits like lounge access add further value.

👍 Best For

  • › Regular earners with ₹50k–₹1.5L monthly spends
  • › Those seeking a balance of rewards and moderate fees

👎 Not Worth It If…

  • › You spend heavily in foreign currency — 3.5% markup adds up fast
  • › You rarely use premium benefits like lounges or concierge
  • › You prefer a no-annual-fee card with simpler terms

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Frequently Asked

You earn 2 Star Points for every ₹100 spent on most POS and E-commerce transactions. Each point can be redeemed for ₹0.50 as cashback, making the effective reward rate 1%.

No, the Bank of India RuPay Platinum Credit Card is lifetime free, with no joining fee and no annual renewal fee for the primary cardholder.

Yes, there is a monthly capping of 10,000 reward points per customer ID. This is equivalent to a maximum reward value of ₹5,000 per month.

No. As of April 1, 2026, the complimentary lounge access perk previously offered through the RuPay Platinum network has been discontinued.

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