Patanjali RBL Bank Swarn Credit Card – Benefits, Fees & Eligibility

Patanjali RBL Bank Swarn Credit Card

Introduction

The Patanjali RBL Bank Swarn Credit Card is a premium offering from the collaboration between Patanjali and RBL Bank, specifically designed for individuals who frequently shop at Patanjali stores. This RuPay credit card, which is also NCMC program compatible, comes with a joining fee of ₹1,499 plus taxes. Cardholders can enjoy a significant 10% cashback up to ₹750 monthly on Patanjali purchases, alongside 1 Reward Point for every ₹100 spent on all other online and offline transactions. It offers a generous welcome benefit of 6,000 Reward Points on the first transaction, complimented by milestone benefits, domestic airport lounge access, and a Buy-One-Get-One offer on movie tickets via BookMyShow. Its compatibility with UPI apps for daily transactions further enhances its convenience.

Welcome Benefits

• Earn 6,000 Reward Points worth ₹1,500 on making the first transaction of ₹1,000 or more within 30 days of card issuance.
• This welcome benefit is contingent on paying the annual membership fees.
• The Reward Points are credited to the account within 60 days of card issuance, provided the transaction and fee payment criteria are met.
• The value of the welcome benefits is equivalent to the joining fee.

Fees

• Joining Fee: ₹1,499 + GST
• Renewal Fee: ₹1,499 + GST
• Spend-Based Waiver: Not applicable
• Rewards Redemption Fee: ₹99 + GST
• Foreign Currency Markup: 3.5%
• Interest Rates: 3.99% per month or 47.88% per annum
• Fuel Surcharge: 1% waiver up to ₹200 on transactions between ₹500 and ₹4,000.
• Cash Advance Charges: 2.5% of the cash amount or a minimum of ₹500.
• Add-on Card Fee: Nil.

Rewards

• Cashback

  • Earn 10% cashback up to ₹750 every month on transactions of ₹500 or more at Patanjali stores (online and offline).
  • Annually, you can potentially earn ₹9,000 in cashback by making purchases with this card.

• Reward Points

  • Earn 1 Reward Point for every ₹100 spent on all online and offline transactions.
  • Exclusions for Reward Points: No Reward Points will be earned on railways, utilities, wallets, rentals, insurance, education, government transactions, EMI, and cash transactions.

• Milestone Benefits

  • Annual Spends of ₹3 Lakhs: Receive a gift voucher worth ₹1,500 from Patanjali. This requires a minimum of ₹12,000 spent at Patanjali stores or websites within the year.
  • Annual Spends of ₹5 Lakhs: Eligible for a 4 nights/5 days complimentary stay at Patanjali wellness centers. This requires a minimum of ₹15,000 spent at Patanjali stores or websites within the year.
  • The yearly cycle for milestone benefits is considered from the date of card issuance to the card renewal date.
  • UPI transactions less than ₹2,000 are not eligible for milestone benefits.

• Domestic Lounge Access

  • Enjoy 4 complimentary domestic airport lounge accesses annually.
  • One complimentary domestic lounge visit per quarter.
  • Eligibility: A spend of ₹50,000 in the previous calendar quarter is required to avail this benefit.
  • Access is available at select airports and is on a first-come-first-serve basis.

• Movie Benefits

  • Buy-One-Get-One (BOGO) offer on movie tickets via BookMyShow, providing the second ticket free or a discount of up to ₹200.
  • This offer can be availed once every month, exclusively on weekends.

• International Lounge Access

  • Not available.

• Golf Benefits

  • Not available.

• Insurance Benefits

  • Not available.

Rewards Redemption Guide

• Reward Points can be redeemed at the RBL Rewards portal.
• Redemption options include products, vouchers, and even hotel and flight bookings.
• The value of 1 Reward Point is ₹0.25.
• A Rewards Redemption Fee of ₹99 + GST is applicable.

Card Review

The Patanjali RBL Bank Swarn Credit Card is highly recommended for individuals who frequently purchase from Patanjali stores, both online and offline. It offers substantial value with a reasonable joining fee, providing generous rewards like 10% cashback on Patanjali spends and various other perks. The card's benefits, including complimentary domestic airport lounge access and a Buy-One-Get-One offer on movie tickets, significantly enhance its appeal. While it shines in its specific niche, potential drawbacks include the absence of international lounge access and insurance benefits, and a 3.5% foreign currency markup, which might not be ideal for frequent international travelers. Overall, for a nominal fee, this card is packed with privileges and offers excellent value for its target audience.

Important Product Details

• Target Audience: Best suited for shopping, especially at Patanjali stores.
• Reward Type: Cashback and Reward Points.
• Cashback: 10% cashback up to ₹750 monthly on Patanjali stores (online and offline) for transactions of ₹500 or more.
• Reward Points: Earn 1 Reward Point for every ₹100 spent on all other online and offline transactions.
• Rewards Exclusions: Railways, utilities, wallets, rentals, insurance, education, government transactions, EMI, and cash transactions are excluded from the rewards program.
• UPI Linkage: The card can be linked with UPI apps for daily transactions.
• NCMC Program: This card is part of the National Common Mobility Card (NCMC) program, allowing easy use in public transportation by loading it.
• Movie Offer: Buy-One-Get-One (BOGO) offer on movie tickets (up to ₹200 discount) via BookMyShow once every month on weekends.
• Domestic Lounge Access: 4 complimentary domestic airport lounge accesses annually (1 per quarter), subject to spending ₹50,000 in the previous quarter.
• Milestone Vouchers:
  • Patanjali voucher worth ₹1,500 on annual spends of ₹3 lakhs (with ₹12,000 spent at Patanjali stores or website).
  • 4 nights/5 days complimentary stay at Patanjali wellness centers on annual spends of ₹5 lakhs (with ₹15,000 spent at Patanjali stores or website).
  • UPI transactions less than ₹2,000 are not eligible for milestone benefits.
• Foreign Currency Markup: 3.5% on international transactions.
• Insurance Benefits: Not available.
• International Lounge Access: Not available.

Other Details

• The card is a RuPay credit card.