Deutsche Bank Matrix Platinum
CancelSix points on the phone bill, three on everything foreign — a credit card co-branded with a SIM.
no published earn rate to price
Skip the arithmetic — the board, ranked → · nothing to sign up for
What it's worth to you, after the fee
Not valued. We can't value this card until the issuer publishes how it earns — every net-value number here would be a fee subtracted from rewards nobody has described. Everything we can source — the fee, the charges, the migration that put this card in your hand — is above and stands on its own; this card is simply not on the board, not in the calculator, and cannot win a best-of call until Deutsche Bank publishes terms we can cite.
Why we decline to value some cards, and what it takes to change that →
2 notes on the card itself: how it is issued · why it ranks #942
Why #942 India's only co-brand with an international roaming company: triple points on overseas spend, sextuple on the SIM bill, and 200 free minutes of US talk time per trip, for ₹1,999 once. Carried for the record; Deutsche's card book went to IndusInd in 2011.
The take
The Matrix Platinum is the strangest card Deutsche Bank ever issued in India and, for one specific reader, it was the best-aimed. Its partner was not an airline or a retailer but Matrix Cellular, the international-roaming company Indians used before global SIMs were ordinary — and the whole card was built around the moment you left the country. The accrual grid says it plainly. Spend on Matrix itself and you earned six points on every hundred rupees. Spend abroad and you earned three. Petrol and everything else earned one. Deutsche's own worked example ran ₹6 lakh of annual spend through that grid — half of it international — and landed on 13,300 points plus ₹1,250 of fuel surcharge waived. Points came out three ways: as Matrix talk time at a rupee apiece, as airline miles at one for one, or against the outstanding at ₹0.85. Then the roaming benefits, which are the reason the card existed. A cardholder flying to the United States got 200 minutes of free local talk time per visit and a loaner handset for the trip; incoming calls ran $0.35 a minute against ₹1.91-equivalent on Indian global roaming, and calls home $0.99 against $3.57. A cardholder flying to Britain or Western Europe got a rent-free month of connection, free incoming calls in the UK, and data at £0.99 a megabyte where Indian roaming charged £8.37. At ₹1,999 once and nothing to renew, that was a cheap hedge for anyone who travelled twice a year. It is carried and not ranked for the usual Deutsche reason: Savings Points were a house currency the bank never valued in rupees on any surviving page, and one of the three redemptions was phone credit. The shelf-wide cautions hold too — the Priority Pass was membership rather than entry, with Travel Plus sold separately at ₹3,000 a year, and foreign currency was marked up the full 3.5% on a card whose entire pitch was foreign spend.
Your renewal — keep, downgrade or cancel
There is no renewal arithmetic to run on this card yet — and a break-even we cannot source is not one we will print.
the whole desk — what changed, the downgrade, and what we cannot price →
Keep, downgrade or cancel
what we can and cannot price
Not valued. We can't value this card until the issuer publishes how it earns — every net-value number here would be a fee subtracted from rewards nobody has described. A break-even is the spend at which value crosses a fee, and we are short one side of that sentence — so this desk prints no ladder, no crossing and no ₹0 standing in for either. What we can source about this card is under Sources.
Your copy of this card
You hold this card.
Kept on this device, in your browser. It is never sent to us, never synced, and nothing else on the site reads it yet.
The downgrade
Deutsche Bank publishes no document naming a card you can step down to, so we name none — an invented product change is a phone call you would waste. That leaves keep or cancel, and we cannot price either side of it.
If you call to cancel
What the bank offers to keep you is the one fact this desk cannot compute. We are collecting those reports — dated, and only in aggregate — before publishing any: an offer one reader was made is not one you are owed. Called about this card? Tell us what they offered →
The desk publishes subscribable .ics feeds for the dates it knows — offer deadlines, devaluations, expiry audits. Your renewal date is not one of them: only your statement knows it.
What's good
- ₹1,999 to join and Nil to renew — the cheapest paid entry on Deutsche's shelf
- Six savings points on every ₹100 of Matrix spend and three on every ₹100 of international spend
- Points redeemed three ways: ₹1 of Matrix talk time, one airline mile, or ₹0.85 against the outstanding
- 200 minutes of free local talk time per US trip, plus a complimentary compatible handset for the visit
- A rent-free month of connection in the UK and Western Europe, with free incoming calls in Britain
- US roaming at $0.35 a minute incoming against ₹1.91 on Indian global roaming, and $0.99 a minute home against $3.57
- The 2.5% fuel surcharge waived, worth ₹1,250 a year on Deutsche's own worked example
Watch out
- WITHDRAWN — Deutsche Bank sold its Indian retail and credit-card business to IndusInd Bank in 2011, and Matrix Cellular has had no Indian card partner since; this page describes the Deutsche-era card only
- THE CARD DID NOT DIE IN 2011, AND IT GOT CHEAPER — this is one of only TWO products IndusInd re-priced across the sale, and the ₹1,999 joining fee above went to Nil; that successor is a separate file, indusind-matrix-platinum
- Savings Points were a Deutsche HOUSE currency with no published rupee value, and one of the three redemptions was PHONE CREDIT — nothing here can be priced
- Foreign currency was charged at 3.5%, the full Indian norm, on a card whose entire pitch was spending abroad — the 3-points accelerator was earned back over a markup that dwarfed it
- The Priority Pass across Deutsche's shelf was MEMBERSHIP, not entry: visits were charged, and $27 came off at most ten usages outside India only if you also bought Travel Plus at ₹3,000 a year
- Deutsche's 13,300-point illustration was explicitly 'based on hypothetical estimates of periodic expenses', not a promise
- From 31 March 2010 the service tax on the fuel surcharge stopped being waived and fell back on the cardholder
- Revolving cost was 3.83% a month — an APR of 46% — on the last published schedule
What these points actually fly
Deutsche Bank has not published what this card earns, so there are no points here to fly with — not zero points, and not points that go nowhere: nothing stated either way. The moment a benefit sheet exists we will price whatever it names.
what the cards that DO reach a chart can fly — 2,196 corridors priced →
Lounge access
0 of 793 tracked doors
No lounge access. This card opens exactly 0 of 793 tracked lounge doors — board with the crowd, or find a card that doesn't →
Can you get it?
the route in — no cutoffs published
The cutoffs and the actual route in — not the "apply now" button, the door that opens.
Closed to new applications — existing cardholders keep the card; there is no way in.
You cannot. Deutsche Bank sold its Indian retail banking and credit-card business to IndusInd Bank in 2011 and deutschebank.co.in has not served a credit-card page since. IndusInd kept issuing the same card under its own name — see indusind-matrix-platinum — and IndusInd made it free; that one is gone too.
Deutsche Bank publishes no income or age cutoffs for this card. Blank means blank — we don't invent numbers to fill a grid.
no MITC row researched for this card yet · filter the board by what you can get →
What's changed for this card
nothing tracked yet — which is itself a fact
No tracked devaluations or changes yet — this card's history starts here.
Verified against Deutsche Bank's own documents on
Not published , and we will not invent it: the earn rate and the currency it earns.
Every document behind this page — 4 of them, each with the day we read it
- official Deutsche Bank India's Matrix Platinum Credit Card page (archived 22-Nov-2010) — the four-category accrual grid, the three redemption rates and the US, UK and Western Europe roaming tariffs
- official Deutsche Bank India's Schedule of Charges for credit cards, effective 19 April 2010 — this card at ₹1,999 to join and Nil to renew, with 3.5% on foreign currency
- official IndusInd Bank's bank-wide credit-card MITC, 2011 — the buyer's own fee table, and the document that shows IndusInd dropped this card's ₹1,999 joining fee to Nil
- official Deutsche Bank India's own Cards shelf today — titled "Debit Cards for Every Need", it lists debit cards only and no credit card at all