Welcome Benefit: Cardholders can earn 2,000 reward points on the first swipe/activation of the card.
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RBL Bank MoneyTap Credit Card
Rewards & Benefits
Welcome Benefits
Welcome Benefit: Cardholders can earn 2,000 reward points on the first swipe/activation of the card.
Milestone Benefits
Milestone Benefit: Users will get an INR 1,000 Amazon voucher on crossing spend of INR 2.5 Lacs in the year.
Cashback Rate
Earn 1 reward point for every INR 100 spent on all your purchases at merchant outlets
2 reward points for every INR 100 spent on all your online purchases. 1 RP = INR 0.25
General Cashback Rate: 0.25%,
Online Cashback Rate: 0.5%.
Movie Benefits
1+1 free movie ticket every month up to Rs 200/- at BookMyShow for Saturday & Sunday shows.
Dining Benefits
Other Benefits: 20% cashback on all Zomato orders
Other Benefits
None.
Lounge Access
None.
Rewards & Benefits
Welcome Benefits
Welcome Benefit: Cardholders can earn 2,000 reward points on the first swipe/activation of the card.
Milestone Benefits
Milestone Benefit: Users will get an INR 1,000 Amazon voucher on crossing spend of INR 2.5 Lacs in the year.
Cashback Rate
Earn 1 reward point for every INR 100 spent on all your purchases at merchant outlets
2 reward points for every INR 100 spent on all your online purchases. 1 RP = INR 0.25
General Cashback Rate: 0.25%,
Online Cashback Rate: 0.5%.
Movie Benefits
1+1 free movie ticket every month up to Rs 200/- at BookMyShow for Saturday & Sunday shows.
Dining Benefits
Other Benefits: 20% cashback on all Zomato orders
Other Benefits
None.
Lounge Access
None.
Fees & Charges
Joining Fee
INR 499
Annual Fee
Annual Membership Fee of INR 499/-. The membership fee for the second year is INR 499/-but can be waived on spends of INR 2 lacs in the previous year.
Cash Advance Fee
2.5% of the cash amount (min Rs. 500).
Interest rate
Interest Rate: 3.99% per month or 47.88% per annum.
Late Payment Fee
Late payment fee charged depending on the customer’s total outstanding amount ranges from Rs. 5 - 1300.
Foreign Currency Transactions Fee
Foreign Currency Mark-up fees: Up to 3.5%.
Other Fees
Cash Advance Charges: 2.5% of the cash amount (min Rs. 500). | Reward Redemption Fees: Rs. 99 +GST.
Fees & Charges
Joining Fee
INR 499
Annual Fee
Annual Membership Fee of INR 499/-. The membership fee for the second year is INR 499/-but can be waived on spends of INR 2 lacs in the previous year.
Cash Advance Fee
2.5% or ?500 whichever is higher
Interest rate
Interest Rate: 3.99% per month or 47.88% per annum.
Late Payment Fee
Late payment fee charged depending on the customer’s total outstanding amount ranges from Rs. 5 - 1300.
Foreign Currency Transactions Fee
Foreign Currency Mark-up fees: Up to 3.5%.
Other Fees
Cash Advance Charges: 2.5% of the cash amount (min Rs. 500). | Reward Redemption Fees: Rs. 99 +GST.
Special Features
20% cashback on all Zomato orders.
Eligibility Criteria
Minimum income: Rs. 20,000 per month (for both salaried and self-employed applicants).
Age: Between 23 and 55 years old.
Resident: Indian
Speical Feature, Eligibility and Benefits
How to apply for Credit Card?
Download the MoneyTap App: The first step involves downloading the MoneyTap app on your phone.
Pre-qualification Check: Once you have the app, you can fill out some basic details like your age, city, PAN number and income. Based on this information, the app will tell you if you're pre-approved for a credit line.
KYC Documentation: If you're pre-approved, the next step involves submitting KYC documents for verification. This might involve a visit from a bank representative to collect the documents.
Approval and Issuance: Once your KYC is complete and approved, the credit line will be finalized and your MoneyTap Credit Card will be issued. You'll receive communication with tracking details once the card is dispatched.
Contact Details
022 6115 6300
Account Opening and Procedure
The card has limited value add features and a very low cashback rate. Overall it is a below par card.
The card has limited value add features and a very low cashback rate. Overall it is a below par card.
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