RBL Bank Monthly Treats Credit Card
Product Details
Credit Card Name :
RBL Bank Monthly Treats Credit Card
Bank Name :
RBL Bank
Type :
Rewards Credit Card
Interest Rate :
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
Rewards: Customers can Earn 5 reward points for every INR 100 spent on online purchases, and 1 reward point for every INR 100 spent on offline purchases. 1 RBL reward point Rs 0.25.
Key Benefits: 10% instant discount at BookMyShow, up to INR 300 each per month, 10% cashback at Myntra, Uber & Zomato, up to INR 300 each per month.
Milestone Benefit: Customers can also get vouchers worth INR 1,000 and INR 5,000 on crossing spends of INR 2 lakhs and INR 5 lakhs.
Cons
Cashback is capped at ridiculously low levels.
Lacks standard features like free lounge visits. Limited value add features.
Pros & Cons
Welcome Benefits
None (As card is no longer taking new applications)
Rewards System
Reward System: 1 RBL reward point Rs 0.25. 5 Reward Points for every Rs. 100 spent on all online purchases. 1 Reward Point for every Rs. 100 spent on all offline purchases except fuel. General Cashback Rate: 0.25%. Online casback rate: 1.5%.
International Forex Markup
3.5%.
Welcome Benefits and Reward System
Special Features
None.
Eligibility Criteria
Minimum age of the card holders should be 18.
Only Indian residents can apply.
Benefits
10% cashback on BookMyShow, groceries spend, Swiggy, and bill payments every month.
2x Reward Points on Online Purchases.
Get a Monthly Fee of INR 75 Waived Off on Spending INR 3,000 Every Month.
Speical Feature, Eligibility and Benefits
How to apply for Credit Card?
Here are the steps on how to apply for RBL Bank's Monthly Treats Credit Card:
Go to the RBL Bank website and click on the "Apply for Credit Card" tab.
Select the "Monthly Treats Credit Card" from the list of credit cards.
Enter your personal details, such as your name, email address, and contact number.
Enter your income and employment details.
Upload scanned copies of your documents, such as your PAN card, Aadhaar card, and address proof.
Submit your application.
RBL Bank will review your application and will contact you if you are approved. The card will be delivered to your address within 7-10 working days.
Contact Details
RBL Bank Credit Card Helpline
+91 22 6232 7777
Email: cardservices@rblbank.com
Account Opening and Procedure
RBL Bank Monthly Treats Credit Card
RBL Bank Monthly Treats Credit Card offers a number of cashbacks, however, most of them are useless since they are capped at INR 100 per month. The card has no USP, and has very limited use.
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.
Membership Fees: INR 75 monthly. On spending INR. 5,000 in a month next month’s membership fee is waived off.
Cash Withdrawal Fee: 2.5% of the cash amount withdrawn (minimum INR 500).
Interest Rate:3.99% p.m (upto 47.88% p.a).
Late Payment Fees:12.5% of total amount due, max penalty will be INR 1300.
Foreign Currency Transaction Fees: 3.5%.
Fuel Surcharge: 1% surcharge on fuel transaction value or Rs.10/- whichever is higher. Waived upto INR 150 every month.
Reward Redemption fees: INR 99
EMI Processing fees : Rs 199 + GST
Fuel Surcharge
1% surcharge on fuel transaction. Waived upto INR 150 every month.
Billing Cycle
30 days.