Unpacking the TVS Credit RBL Gold MasterCard: Who Should Get It?

TVS Credit RBL Bank Gold Mastercard is a credit card with various features and provisions. The card is targeted at a large group of people and includes elements that will attract users, including welcome offers and a rewards program. Nevertheless, one should take into account the fees and other possible disadvantages when considering the card. This review gives a detailed description of the TVS credit RBL Bank Gold Mastercard.

Welcome Benefits

Upon obtaining the TVS Credit RBL Bank Gold Mastercard, you will be welcomed through a sequence of thrilling welcome offers, which make your initial experience with the card even better.

Once activated, the cardholders can look forward to an advantage of a bonus benefit that can be in form of cashback or as reward points, depending on the existing promotions. In the meantime, users are rewarded 6,000 reward points by paying the annual fee and completing the first purchase in 30 days after issuing the card.

Reward System

One of the most important features of the TVS credit RBL bank Gold Mastercard is its reward system. All purchases will earn you reward points, and these points will be redeemed in the future

Any time the cardholders make purchases of an amount of 100 or above, they will get 2 reward points. Each reward point will be equal to 0.25, and the cashback rate will be 50 per cent effective. In the case of international spending, the cardholders are going to receive 10 reward points, which will have a cashback rate of 2.50%.

Milestone Benefits

The other appealing thing about the TVS Credit RBL Bank Gold Mastercard is its milestone benefits. These incentives are given upon reaching certain levels of spending within a year. Cardholders will receive a shopping or dinner voucher valued at INR 500 on attaining quarterly milestone spending of INR 50, 000. Crossing the annual mark of 2.5 lakh will earn cardholders 6,000 points of the bonus rewards.

These milestone gifts will enable cardholders to opt to use the TVS Credit RBL Bank Gold Mastercard as compared to other cards because it offers them tangible rewards for their spending habits that many are already engaged with.

Other Benefits

Besides the welcome, rewards and milestone incentives, the TVS Credit RBL Bank Gold Mastercard has a number of other benefits.

As an example, cardholders will receive 1 free access to the international airport lounge on spending 1,00 000 and, 1 free access to the domestic airport lounge on spending 50,000 and 2 free access to the domestic airport lounge on spending 75000, respectively. Besides the lounge access, cardholders will enjoy the cashback of 5 per cent on Eazydiner up to Rs. 250 monthly.

The disadvantages of the TVS Credit RBL Bank Gold Mastercard:

• Expensive Joining and Annual Fees: [?]1,500 annually, which is high considering the relatively low payback of the card. There are a lot of rival cards that provide the same benefits, either with lower fees or no fees.

  
  

• Reward Redemption Fee: [?]99 per redemption request, netting down the value of earned accumulation points.

  
  

• Low Reward Rates: Domestic spends: 0.5% cashback equivalent (2 points/₹100), which is below market standards for rewards-focused cards. International spends: 2.5% (10 points/₹100) is better; the 3.5% foreign currency markup fee negates much of this benefit.

• High Interest Rate: It has an interest rate that is high at 47.88 per cent per year (3.99 per cent per month), and it would be very expensive to maintain a balance.

  
  

• Limited Lounge Access: Free access to the lounge will involve quarterly expenditures of [?]50,000 (domestic) or [?]1,00,000 (international). The majority of premium cards have lounge access with no conditions.

  
  

• limited Cashback on Eazydiner: The 5 per cent cashback on Eazydiner is limited to [?]250/month, which limits the usefulness for heavy users.

Fees and Charges

Understanding the fees associated with the TVS Credit RBL Bank Gold Mastercard is vital for prospective users.

• Joining fee: INR 1500.

• Annual fee: INR 1500.

• Foreign currency markup: 3.50%.

• Cash advance fee: 2.5% or INR 500, whichever is higher.

• Late payment charges: INR 100 to 1300.

• Reward redemption fee: INR 99 per redemption request.

• Interest rate: 3.99% monthly, 47.88% annually.

Final Thoughts

The TVS Credit RBL Bank Gold Mastercard has provided various good benefits such as welcome laurels, milestone allowances and lounge entry, which is an inviting offer to some spenders. Its value is, however, highly devalued by its high annual fee ([?]1,500), its low reward rates (0.5% on domestic spends) and its high interest rates (47.88% annually). The spending requirements on the card, including access to the lounge and Eazydiner cashback, are difficult to attain by everyday users, whereas the foreign exchange premium (3.5 per cent) undermines the returns in international purchases.

The card can be good in the eyes of the high spenders who are able to always reach milestones, but the majority of users will be attracted to better products having lower prices, greater benefits as well as an unconditional entry into the lounge. When you are thinking of this card, you need to attach the price to your expenditures; otherwise, you may be paying a lot of fees and receive less in rewards. Always settle your bill to the last every time to escape the reprimand interest rates.

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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