MoneyTap Black Card
MyRupaya Ratings
Product Details
Credit Card Name :
MoneyTap Black Card
Bank Name :
RBL Bank
Type :
Cashback Credit Card
Interest Rate :
Finance charges: upto 3.99% p.m (upto 47.88% p.a)
Eligibility :
Minimum age of the card holders should be 18.
Only Indian residents can apply.
Pros
Welcome Benefit: Get rewarded with 12,000 reward points on making your first credit card transaction within 30 days of Card setup and payment of line setup fee.
Reward Points: 2 reward points for every INR 100 spent on all your purchases, and Get 5x reward points i.e. 10 reward points for every INR 100 spent online, up to 500 reward points in a month.
Milestone Benefit: 1,000 Reward Points every month on making at least 5 transactions of INR 1,000 or more. 8,000 reward points on annual spends of INR 2.5 lakhs, and get additional 8,000 reward points on crossing annual spends of INR 4 lakhs
Other Benefits: 10% discount on movie bookings on BookMyShow, complimentary lounge access.
Cons
Low cashback rate.
No international lounge access facility is available.
Limited value features.
Pros & Cons
Welcome Benefits
Get rewarded with 12,000 reward points on making your first credit card transaction within 30 days of Card setup and payment of line setup fee.
Rewards System
You can 2 Reward Points for every INR 100 spent on all your purchases.
Get 5X Reward Points i.e. 10 Reward Points for every INR. 100 spent online, up to 500 Reward Points in a month.
1 RBL reward point= Rs 0.25.
General Cashback rate: 0.5%.
Online Cashback Rate: 2.5%
International Forex Markup
Welcome Benefits and Reward System
Special Features
Get 1,000 Reward Points every month on making atleast 5 transactions of INR 1,000 or more
Eligibility Criteria
Minimum age of the card holders should be 18.
Only Indian residents can apply.
Benefits
Welcome Rewards
Monthly Spend rewards
Movie Ticket discounts
Complimentary lounge access facility
Milestone Benefit available.
Speical Feature, Eligibility and Benefits
How to apply for Credit Card?
Here are the steps on how to apply for the RBL Bank MoneyTap Black Card:
Go to the RBL Bank MoneyTap website and click on the "Apply Now" button.
Enter your personal and financial information, such as your name, address, PAN card number, and income.
Upload a copy of your PAN card and income proof.
Submit your application.
Once your application is submitted, RBL Bank will review your eligibility and get back to you within 7 working days.
If you are approved, you will receive your MoneyTap Black Card in the mail within 10 working days.
Contact Details
RBL Bank Credit Card Helpline
+91 22 6232 7777
Email: cardservices@rblbank.com
Account Opening and Procedure
Recommended Credit Cards
Pros:-
Change the text to include your own content. Adjust the font, size or scale to customize the style.
Cons:-
Welcome Benefit: Get rewarded with 12,000 reward points on making your first credit card transaction within 30 days of Card setup and payment of line setup fee.
Reward Points: 2 reward points for every INR 100 spent on all your purchases, and Get 5x reward points i.e. 10 reward points for every INR 100 spent online, up to 500 reward points in a month.
Milestone Benefit: 1,000 Reward Points every month on making at least 5 transactions of INR 1,000 or more. 8,000 reward points on annual spends of INR 2.5 lakhs, and get additional 8,000 reward points on crossing annual spends of INR 4 lakhs
Other Benefits: 10% discount on movie bookings on BookMyShow, complimentary lounge access.
Low cashback rate.
No international lounge access facility is available.
Limited value features.
HDFC Bank Biz Power Credit Card
The card is a premium credit card with a number of value add features. This card offers cashback on even tax and GST payment. Overall it is a must have card for small business owners/ freelancers.
Abhijeet Saxena
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai
Product Review
Fees & Charges
Joining fees: Nil for primary card & add-on cardholder
Annual membership Fees: 3000 + GST
Cash Advance fee: 2.5% of the cash amount withdrawn (minimum Rs 500)
Late Payment fees: 15% of Total amount due (Min Rs.50, Max Rs.1,500)
Finance charges: 2.5% 3.99% p.m (upto 47.88% p.a)
Foreign Currency Transaction Fees: 3.5%
Reward Redemption fees: Rs 99
EMI Processing fees : Rs 199 + GST
Fuel Surcharge
Billing Cycle
20-50 days