RBL Bank Shoprite Credit Card
Product Details
Credit Card Name :
RBL Bank Shoprite 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
Welcome Benefits: The Cardholder is entitled to a ‘welcome benefit’ of 2000 reward points on making a valid retail transaction within 30 days from the date of the Card being issued by RBL Bank, and by paying the joining fees as reflected in the first Statement.
Reward System: 1 Reward Point = INR 0.25. 1 Reward Point for every Rs.100 spent on all your purchases except fuel. 20 Reward Points for every Rs.100 when you use your card for in store grocery shopping, effective in store gorcery shopping cashback rate: 5%. 10 Reward Points for every Rs.100 when they use their card for fuel, effective fuel cashback rate: 2.5%. Genetal cashback Rate: 0.25% for all purchases except fuel and grocery.
Cons
Low cashback rate.
Lacks standard features like free lounge visits.
Limited value add features.
Pros & Cons
Welcome Benefits
Welcome Benefits: The Cardholder is entitled to a ‘welcome benefit’ of 2000 reward points on making a valid retail transaction within 30 days from the date of the Card being issued by RBL Bank, and by paying the joining fees as reflected in the first Statement.
Rewards System
Reward System: 1 Reward Point = INR 0.25. 1 Reward Point for every Rs.100 spent on all your purchases except fuel. 20 Reward Points for every Rs.100 when you use your card for in store grocery shopping, effective in-store gorcery shopping cashback rate: 5%. 10 Reward Points for every Rs.100 when they use their card for fuel, effective fuel cashback rate: 2.5%. General cashback Rate: 0.25% for all purchases except fuel and grocery.
International Forex Markup
3.5%.
Welcome Benefits and Reward System
Special Features
20 Reward Points for every Rs.100 when you use your card for in store grocery shopping, effective in store gorcery shopping cashback rate: 5%.
Eligibility Criteria
Minimum age of the card holders should be 18.
Only Indian residents can apply.
Benefits
Lifetime free card
Entertainment and Shopping Benefits
Cashback rate is very good
Speical Feature, Eligibility and Benefits
How to apply for Credit Card?
Here are the steps on how to apply for the RBL Bank Shoprite Credit Card:
Go to the RBL Bank website and click on the "Apply for Credit Card" tab.
Select the "Shoprite Credit Card" from the list of credit cards.
Enter your personal details, such as your name, date of birth, email address, and mobile number.
Enter your employment details, such as your employer's name, your designation, and your monthly income.
Provide your residential address and your PAN card number.
Upload a scanned copy of your PAN card.
Click on the "Submit" button.
An RBL Bank representative will contact you to verify your details and to complete the application process.
Contact Details
RBL Bank Credit Card Helpline
+91 22 6232 7777
Email: cardservices@rblbank.com
Account Opening and Procedure
RBL Bank Shoprite Credit Card
RBL Bank Shoprite Credit Card is a great credit card for students and freshers because of the cashback it offers. However, since the cashback is capped it may not be of much use for high earners.
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/annual Fees: Rs 500.
2nd Year Annual fees is waived off on annual spends of Rs 1.5 lac or more.
Cash Advance fee: 2.5% of the cash amount withdrawn (minimum Rs 500)
Interest Rate: upto 3.99% p.m (upto 47.88% p.a)
Late Payment fees: 15% of Total amount due (Min Rs.50, Max Rs.1,500).
Foreign Mark up: 3.5%.
Fuel Surcharge: 1% surcharge on fuel transaction value or Rs.10/- whichever is higher.
Reward Redemption fees: INR 99.
Rental fees: 1% fees on all rental transaction.
Over Limit Penalty: INR 600.
EMI Processing fees : INR 199 + GST
Fuel Surcharge
1%, waived upto INR 100 per month.
Billing Cycle
30 days.