How Many Free Movie Tickets Does RBL Bank Movies and More Credit Card Worth Give? An Unbiased Review.
- Abhijeet Saxena
- Nov 18, 2024
- 3 min read
A large number of Indians prefer credit cards which offer atleast one free movie ticket every motnh. Are you also a movie lover always on the lookout for deals to enjoy the latest blockbusters? The RBL Bank Movies and More Credit Card claims to be one of the credit cards for watching movies. In this review we takes a close look at the features of this credit card, including its benefits, drawbacks, fees, and eligibility requirements. By the end of this article, you'll have a better understanding of whether this card fits your lifestyle and spending habits.
Overview of RBL Bank Movies and More Credit Card
The RBL Bank Movies and More Credit Card is designed for entertainment enthusiasts. It focuses on delivering significant rewards for movie-related expenses, making it a popular choice for those who love going to theaters.
Benefits of the RBL Bank Movies and More Credit Card
1. Reward System
Reward System: Earn 10 reward points/ INR 100 spent at BookMyShow and at Pizza Hut and KFC.
Earn 20 reward points/ INR 100 spent on dining on Wednesdays.
Earn 1 Reward point IN R100 on all your purchases except fuel.
1 RP = 0.25 paisa.
General CB Rate: 0.25%.
Effective CB Rate for BMS Pizza Hut and KFC: 2.5%.
Wednesday Cashback Rate: 5%.
2. Welcome Benefit
Welcome Benefit: Cardholders get 4 movie tickets worth INR 250 each at BookMyShow. (Welcome benefit is automatically available to you for 60 days after paying your joining fee and using your card for the first time within the first 30 days.)
3. Free Movie Ticket
2 free movie tickets worth INR 250 each at BookMyShow on a monthly spends of INR 15,000, and 1 free movie ticket up to INR 250 at BookMyShow on monthly spends of INR 10,000.
4. Milestone Benefits
Creditcardholders get 5,000 bonus reward points when the annual spends on the card crosses INR 2 lakhs, and 10,000 bonus reward points when the annual spends on your card crosses INR 3.5 lakhs.
Cons of the RBL Bank Movies and More Credit Card
1. Limited Movie Ticket Partnerships
Although discounts are available, they may only apply to specific cinema chains. If your favorite local theater does not partner with RBL Bank, you might miss out on these benefits, which can feel frustrating for regular movie-goers.
2. Low General Cashback Rate
The card offers a low general cashback rate in general.
Fees and Charges Associated with the Credit Card
Annual membership fees: INR 1,000.
Cash Advance Charges: 2.5% of the cash amount (min Rs. 500).
Interest Rate: 3.99% per month or 47.88% per annum.
Late payment fee charged depending on the customer’s Total Outstanding amount ranges from Rs. 5 - 1300.
Foreign Currency Mark-up fees: Up to 3.5%.
Reward Redemption Fees: Rs. 99 +GST.
Eligibility Requirements for the RBL Bank Movies and More Credit Card
1. Age Criteria
You need to be at least 21 years old to apply. Some variants might require you to be older, so check the specific terms before applying.
2. Income Criteria
RBL Bank does not specify the minimum income threshold on its website.
3. Credit Score
The RBL website does not specify the minimum credit score required for this credit card. A good credit score, ideally above 700, boosts your chances of getting the card. This means maintaining a responsible borrowing and repayment history.
4. Documentation
To apply, you will need to provide documents such as income proof, identity verification, and proof of residence. A complete application can speed up the approval process.
Final Thoughts
All in all the RBL Movies and More Credit Card offers 4 movie tickets as welcome benefit and 2 movie tickets every month on spending INR 15,000 or more. The sad part is that RBL Bank has stopped accepting applications for this card anymore.
If you want to read a more detailed review of this card and find out its AI-powered unbiased rating click here.
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