Utkarsh Small Finance Bank Rhodium Credit Card

Utkarsh Rhodium Credit Card Fee Structure

The card is a first-year free credit card from the bank that has a renewal fee of ₹4,999 from the second year onwards. The card, however, does not offer any welcome benefits or recurring annual benefits to the customers, despite the high renewal fee, which totals almost ₹5,900 with GST. The yearly fee can be waived if a customer spent ₹5 lakh in the previous year.

Earning Cashback With Utkarsh Rhodium Credit Card

Like every other credit card offering from the bank, this card also has a flat cashback rate of 1.25% on all eligible spends made by the customer. The cashback thus collected can be set off against the upcoming billing statement. The following categories are not eligible to earn any cashback –

• Wallet recharges
• Financial Institutions
• Government services
• Charities
• Foreign Currency Purchase
• Insurance
• Railway
• Mutual Funds
• Education
• Transport
• Fuel
• Utility Payments (Electricity, Telephone, Internet, Water, etc.)

The card, however, does not offer cashback redemption options. Cashback can only be used toward the next billing cycle. There are also no special categories for accelerated cashback. The card’s cashback rate is unified.

Complimentary Airport Lounge Access

As of now, this is the only card in the bank’s portfolio that has complimentary airport lounge access. There are no spend-based criteria for a customer to access the lounge, which means any user who has an active and valid Utkarsh Rhodium Credit Card can access domestic lounges up to 4 times a quarter, which is up to sixteen times a year. However, any guests, along with the primary cardholder, will be charged for their visit to the lounge. You can check the complete list of participating lounges here.

Eligibility Criteria for Utkarsh Rhodium Credit Card

• The card is available to existing customers with an active Savings, Current, Fixed Deposit (FD), or Loan Account.
• Only Indian residents can apply for the card.
• The cardholder must be between 21 and 65 years old.
• Since the card is issued to existing account holders, no additional documents are required for the application.

Bottom Line

Utkarsh Rhodium Credit Card is the bank’s premium offering and has no joining fee. However, the annual fee from the second year onwards is ₹4,999, which is really high compared to the benefits that come with the card. In terms of lifestyle perks, it only gives you access to the domestic lounge. There are other credit cards in the market that currently offer better lifestyle perks. For instance, the Shoppers Stop Black HDFC Credit Card at ₹4,500 offers an accelerated reward rate at partner programs and other lifestyle perks, including international lounge access.