RBL Bank VCard
Product Details
Credit Card Name :
RBL Bank VCard
Bank Name :
RBL Bank
Type :
Rewards Credit Card
Interest Rate :
Interest Rates/ charges: upto 3.99% p.m (upto 47.88% p.a)
Eligibility :
You must be at least 18 years old
Your minimum income must be from Rs. 1 lakh to Rs. 3 lakhs p.a.
You must be either self-employed or salaried
Pros
Reward System: You can earn 1 reward point on every INR 100 spent. Every Wednesday get 40 Reward Points on every INR 100 spent on online orders of Pizza Hut & Domino's, and get 20 Reward Points on every INR 100 spent on Groceries on Wednesdays. 1 RP =0.25 paisa. General Cashback Rate: 0.25%, Effective Cashback Rate for online orders: 10%, and Effective CB Rate for grocery shopping: 5%.
Milestone Benefit: Get 4,000 bonus reward points on crossing spends of INR 1.2 lacs in a year.
Movie Benefits: 1+1 free movie ticket (Up to INR 200/-) on BookMyShow once a month for Wednesday shows.
Cons
Low cashback rate.
Annual fee is charges upon the users.
Lacks standard features like free lounge visits.
Limited value add features.
No welcome benefit
Reward Points will not accrue on UPI transactions made through vCard Mobile App Reward Points are not accrued on fuel spends, railways, rentals, utility bill payments, and miscellaneous categories
Pros & Cons
Welcome Benefits
None
Rewards System
You can earn 1 reward point on every INR 100 spent.
Every Wednesday get 40 Reward Points on every INR 100 spent on online orders of Pizza Hut & Domino's, and get 20 Reward Points on every INR 100 spent on Groceries on Wednesdays.
1 RP =0.25 paisa.
General Cashback Rate: 0.25%.
Effective Cashback Rate for online orders: 10%, and
Effective CB Rate for grocery shopping: 5%.
International Forex Markup
Welcome Benefits and Reward System
Special Features
Convert card spends into EMIs conveniently from vCard App
Eligibility Criteria
You must be at least 18 years old
Your minimum income must be from Rs. 1 lakh to Rs. 3 lakhs p.a.
You must be either self-employed or salaried
Benefits
Zero annual fee for the first year.
Wednesday Delights: You will get the following offers on Wednesdays: 1+1 free movie ticket
40 Reward Points on every INR 100 spent on online orders of Pizza Hut & Domino's on Wednesdays.
20 Reward Points on every INR 100 spent on Groceries on Wednesdays.
Speical Feature, Eligibility and Benefits
How to apply for Credit Card?
Here are the steps on how to apply for the RBL Bank vCard:
Download the vCard app on your mobile phone.
Open the app and provide your basic information, such as your name, email address, and PAN number.
Upload a copy of your PAN card and address proof.
Complete your eKYC by providing your Aadhaar number and biometrics.
Once your application is approved, you will be able to use the vCard app to make payments.
Contact Details
RBL Bank Credit Card Helpline
+91 22 6232 7777
Email: cardservices@rblbank.com
Account Opening and Procedure
RBL Bank VCard
The RBL Bank vCard is a decent option for value-conscious individuals who appreciate mobile-based payment and management features. The additional benefits like fuel surcharge waiver and free credit monitoring are attractive. However, the lower reward rate, limited redemption options, and potential customer service concerns are factors to consider.
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: RBL Bank vCard comes free for the first year
Annual membership Fees: 500 + GST (from 2nd year) The Membership Fee for the second year is Rs. 1499/-, but is waived off on spends of Rs. 1 lacs or more in the previous year.
Cash Advance fee: 2.5% of the cash amount withdrawn (minimum Rs 500)
Late Payment fees: Up to Rs.100 - ZeroLate fee. Above Rs.100 -12.5% of total due amount (Max Rs. 1300/-)
Finance charges/ Interest Charges: upto 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
30 days