Best RBL Credit Cards Of 2024
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RBL Bank has launched various credit cards to meet varied requirements of the consumers in a very short period. They have been launching and increasing their offering in the credit card domain every year. They have partnered with other companies to make their products versatile.
Forbes Advisor India has analyzed all the cards issued by RBL and picked the following cards, which in our opinion, were the most suitable for maximum benefit to the user in lowest investment.
- Featured Partners
- Best RBL Bank Credit Cards 2024
- ShopRite Credit Card
- World Safari Credit Card
- MoneyTap Black Card
- Platinum Bonus SuperCard
- Summary: Best RBL Bank Credit Cards 2024
- Methodology
- Eligibility for an RBL Bank Credit Card
- Documents Required for RBL Bank Credit Card
- How to Apply for an RBL Bank Credit Card Offline?
- How to Apply for an RBL Bank Credit Card Apply Online?
- RBL Bank Credit Card Fees and Charges
Featured Partners
1
SimplyCLICK SBI Credit Card
Annual Fee
INR 499+ taxes
Welcome Gift
INR 500 worth e-gift card from Amazon
Features
1% Fuel Surcharge Waiver on transactions between INR 500 and INR 3000, Get e-Vouchers worth INR 2000 for annual online spends of 1 Lakh
2
HSBC Cashback Credit Card
Annual fees
INR 999 (which will be reversed if the total annual spend exceeds INR 200,000)
Cashback features
10% accelerated cashback on dining, food delivery and grocery spends (up to INR 1000 per billing cycle); 1.5% unlimited cashback on other spends* (exclusions apply)
Other benefits
4 complimentary domestic lounge visits per year (1 visit per quarter)
3
IndusInd Bank Legend Credit Card
Annual Fee
INR 9,999 + GST
Welcome Benefits
Complimentary Stay at Oberoi Chain of Hotels.
Features
Free Movie Tickets on BookMyShow, 2x Rewards on Weekend spends, Access to 700+ lounges worldwide
4
AU Bank Altura Plus Credit Card
Annual Fee
499 + applicable taxes
Welcome Benefits
Gift vouchers
Features
1.5% Cashback on all POS retail spends, 1% Fuel Surcharge Waiver on transactions between INR 400 and INR 5,000.
5
Standard Chartered Rewards Credit Card
Rewards
4 reward points* per INR 150 on all retail spends (excluding government, insurance and fuel spends)
Joining Fees
Nil (2nd year onwards the annual fees will be reversed on spends of INR 3,00,000+ in the previous year)
Fuel Surcharge Waiver
Upto 1% Fuel Surcharge waiver (terms and conditions apply)
Best RBL Bank Credit Cards 2024
ShopRite Credit Card
Annual Fee
INR 500 + taxes
Welcome Benefit
2,000 reward points
Key Feature
Reward points
Annual Fee
INR 500 + taxes
Welcome Benefit
2,000 reward points
Key Feature
Reward points
The ShopRite credit card offers reward points that can be used for mobile recharges and there are reward points on the purchase of fuel. A 10% discount on movies is also great.
- Reward points on the purchase of fuel.
- Reward points on prepaid mobile recharge.
- Welcome benefits.
- Applicants should have a minimum credit score of 750.
Welcome Benefits:
- 2,000 reward points. You will have to make a purchase within 30 days of card issuance to redeem your gifts.
Ongoing Benefits:
- 1 reward point for every INR 100 spent on all your purchases.
- 20 reward points for spending INR 100 when you use your card for grocery shopping. You can earn a maximum of 1,000 reward points in a month.
- 10% discount (up to INR 100) on movie tickets at BookMyShow 15 times in a year.
- You can avail the offer by selecting RBL Bank 10% offer under credit card offers and discounts post movie selection on BookMyShow.
- 10 reward points for every INR 100 when you use your card for fuel; maximum 1000 reward points in a month.
- Fuel surcharge waiver between transactions worth INR 500 and INR 4000, to the maximum waiver of INR 100 per month.
World Safari Credit Card
Annual Fee
INR 3,000 + taxes
Welcome Benefit
MakeMyTrip voucher
Key Feature
Travel points
Annual Fee
INR 3,000 + taxes
Welcome Benefit
MakeMyTrip voucher
Key Feature
Travel points
The World Safari credit card is designed to facilitate people during their travels; the most important thing is that there are no extra charges for transactions in a foreign currency.
- Travel insurances available.
- International lounge visits available
- Domestic lounge visits available
- Travel points can be converted to cash.
Welcome Benefits:
- Welcome gift vouchers worth INR 3,000 from MakeMyTrip.
Ongoing Benefits:
- Two travel points for every INR 100 spent on all purchases.
- Five travel points for every INR 100 spent on travel expenses.
- 10,000 travel points on spends of INR 2.5 lakh in a year.
- Additional 15,000 travel points on spends of INR 5 lakh in a year.
- Additional gift card worth INR 10,000 from brands like Taj Experiences, Amazon, Croma, Myntra and MakeMyTrip on spends of INR 7.5 lakh in a year.
- Two complimentary lounge visits every quarter at major domestic airports.
- Two complimentary international lounge visits using the priority pass.
- Travel Insurance covers:
1. Personal liability coverage
2. Trip delay
3. Baggage loss
4. Loss of passport
5. Dental treatment
- Concierge desk for the help of the customer available 24X7.
- Fuel surcharge waiver between transactions worth INR 500 and INR 4,000; maximum waiver of INR 250 per month.
MoneyTap Black Card
Annual Fee
INR 3,000 + taxes
Welcome Benefit
Reward points
Key Feature
Reward points and credit line
Annual Fee
INR 3,000 + taxes
Welcome Benefit
Reward points
Key Feature
Reward points and credit line
The MoneyTap Black Credit Card comes with the MoneyTap credit line in which users can use the MoneyTap app to transfer funds to their bank account as well. The amount will depend on the credit limit of that particular card.
Reward points cover all kinds of expenses from paying a bill to traveling.
Reward points can not be converted to cash.
Welcome Benefits:
- 12,000 reward points on making the first credit card transaction as a welcome gift.
Ongoing Benefits:
- 2 reward points for every INR 100 spent on all your purchases like travel, groceries, dining and electricity bill.
- 10 reward points for every INR 100 spent online, up to 500 reward points in a month.
- 1000 reward points every month on making at least five transactions of INR 1,000 or more.
- 10% discount on movie bookings on bookmyshow, up to INR 100, 15 times in a year.
- One airport lounge visit per calendar quarter.
- 8,000 reward points on annual spends of INR 2.5 lakh.
- Additional 8,000 reward points on crossing annual spends of INR 4 lakh.
- Fuel surcharge waiver between transactions worth INR 500 and INR 4,000, to the maximum waiver of INR 100 per month.
Platinum Bonus SuperCard
Annual Fee
INR 999 + taxes
Welcome Benefit
Nil
Key Feature
Interest free withdrawal
Annual Fee
INR 999 + taxes
Welcome Benefit
Nil
Key Feature
Interest free withdrawal
The Platinum Bonus Supercard allows users to convert the available cash limit into a personal loan at an interest-free withdrawal of your available cash limit from all ATMs in India up to your billing date; maximum period of 50 days and a processing fee of 2.5% applicable; minimum INR 500.
- Instant cash available.
- Cash limit can be converted into a personal loan.
- No interest for 50 days.
- Interest will be charged if one converts it to a personal loan for three months.
Ongoing Benefits:
- Cash limit can be converted into a personal loan for three months at 1.16% interest rate per month and no processing fee.
- 6,000 reward points on payment of joining fees and spends of INR 2,000 made within 30 days of paying the annual fee from the second year.
- 1,500 reward points on four transactions of INR 1,000 each per month.
- Benefit of 5,000 reward points on crossing spend of INR 1,00,000 in a year.
- Second year fee reversal on spends of INR 1,00,000.
Summary: Best RBL Bank Credit Cards 2024
Methodology
Forbes Advisor India analyzed 45 credit cards issued by the RBL Bank and selected the best among them based on some basic criteria:
- Value for money: This was the most important factor that has been taken into consideration. The cards that provide maximum benefits made it to our list.
- Cash back: Half a star to credit cards providing cash backs and half a star where the system of credit is not complicated and easy for the customers to understand.
- Annual Fee and joining fee: Half a star to credit cards without any annual fee and half for no joining fee. Any credit card without any annual fee and joining fee will get a full star, but a joining fee of INR 500 has been considered equivalent to no annual fee.
- Availability for all income groups: Half a star if the services of the credit card are available for all income groups, and another half if services extend to multiple geographies and not just major cities.
- Welcome gifts: Half a star for welcome gifts and half a star for easy usage of those gifts. Here if the intrinsic value of the usable gift at least covers the annual fee, the credit card will get a full star.
- Additional benefits: Half a star to credit cards providing additional benefits and half to the credit cards in which these additional benefits are more user-friendly. For example, if a card offers a fee waiver to a user who will spend INR 3 lakh in one year, it is unlikely all cardholders may want to spend that much in one year. This makes the feature redundant for certain cardholders.
Eligibility for an RBL Bank Credit Card
Here are the eligibility criteria for Credit Cards.
Minimum Age: Applicant must be 18 or more than 18.
Maximum Age: Maximum age is 70 years.
Income: Income must be between INR 1 lakh to INR 3 lakhs p.a.
Employment: Applicants must be employed and have a proof of employment.
Specific requirements: The above requirements are requirements in general, but specific credit cards have their own requirements of income, for a normal credit card it is going to be less and for a premium card it is going to be more. These requirements will be there in the reviews of the specific credit cards.
Documents Required for RBL Bank Credit Card
Application form
Proof for identity:
- Aadhaar card
- PAN card
- passport
- Voter ID
Proof for residence:
- Utility bill
- PAN card
- Aadhaar card
- driving license
- Passport size photos
- Recent salary slips
- Bank statement
- Form-16
Proof of income
- Account statements
- Business proof
Proof of being a student: Students can also apply for RBL credit cards, and as they do not have proof of their income, they can do so by showing their educational institution’s ID.
How to Apply for an RBL Bank Credit Card Offline?
One can visit the branch and order for the credit card of your choice. An agent of the bank will fill out a form on your behalf and take a picture from the digital camera and the KYC documents as mentioned above. Bank will verify the documents and issue the credit card to you.
For existing customers it is going to be an easy process for those who are not the regular customers it may take a few days. Your credit score should be more than 750 to get an RBL credit card. The problem with this method of applying is that RBL may not have a branch in your town or city as it is a new bank, hence the second option is going to be appropriate for you.
How to Apply for an RBL Bank Credit Card Apply Online?
Applicants can go to the website or download RBL’s mobile application from the play store. They will have to go to the credit card section and apply for the desired credit card once they click on where apply is written and an application form will open. This application will contain general information like name, age, email id, mobile number, city.
After filling this an OTP is generated and sent to your mobile phone, you will have to fill that OTP in the slot given on the screen. Once this process is complete someone from the company will get in touch with you to take the process forward.
RBL Bank Credit Card Fees and Charges
There are charges which RBL charges:
Annual Fee: A fee is charged annually on the use of a credit card for the first year known as the joining fee, amount differs from card to card. GST will be charged at the rate of 18% of the fee paid.
Joining Fee: From the second year onwards an annual fee is charged. The amount of this fee differs from card to card. GST will be charged at the rate of 18% of the fee paid.
Reward Redemption Fee: A small amount of money is charged by RBL for reward redemption at the time of redeeming the points, this is generally INR 99. GST will be charged at the rate of 18% of the fee paid.
Fee for Advance Cash: This fee is charged if you take out cash in advance from an ATM with the help of your credit card. This is 2.5% of the amount and 18% of this fee as GST.
Cash Payment Charges: If the card holder wants to pay the credit card bill in cash by visiting the branch physically, there will be a charge of INR 250 + GST.
Outstation Cheque Fee: This fee is charged if the cheque deposited to pay the credit card bill is of an outstationed bank.
Late Payment Charges: Late payment charges are charged on not paying the credit card bill on time and in RBL it is 15% of the amount + GST.
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