RBL Bank EasySaver Credit Card – Benefits, Fees & Eligibility

Introduction

The RBL EasySaver Super Card, issued by RBL Bank, is an entry-level credit card designed for individuals seeking to earn rewards on their daily expenditures. Its primary differentiating benefits include earning rewards on education and bill payments, along with a waiver on fuel surcharges. However, it generally offers modest reward rates across most other spending categories.

Welcome Benefits

• Earn 1,000 Reward Points upon payment of the joining fees and making spends of ₹2,000 within the first 30 days of card issuance.

Fees

• Annual Fee: ₹499 + GST
• Finance Charges: 47.88% per annum

Rewards

• Education: Rewards are available.
• Bill Payment: Rewards are available.
• Fuel Surcharge: A waiver is provided.
• Utilities: Earn Reward Points at a rate of 2.0%.
• Groceries: Earn Reward Points at a rate of 0.3%.
• Clothing and Fashion: Earn Reward Points at a rate of 0.3%.
• Technology and Electronics: Earn Reward Points at a rate of 0.3%.
• Food and Dining: Earn Reward Points at a rate of 0.3%.
• Entertainment: Earn Reward Points at a rate of 0.3%.
• Travel and Leisure: Earn Reward Points at a rate of 0.3%.
• Transportation: Zero Reward Points are earned.
• Domestic Lounge Access: Not available.
• International Lounge Access: Not available.
• Milestone Benefits: Not available.
• Luxury Benefits: Zero golf rounds and zero lessons across golf courses.
• Bundled Insurance:
  • Life Insurance: Not available.
  • Health Insurance: Not available.
  • Travel Insurance: Not available.
  • Credit Liability Cover: Not available.

Rewards Redemption Guide

• Reward Points can be converted at a rate of 1 Reward Point = ₹0.25.
• Credit card points can be redeemed for flights, hotels, product purchases, cash vouchers, and air miles.

Card Eligibility Criteria

• Applicants must be between 21 and 70 years of age.
• Applicants must be salaried individuals.
• The card is available only for Indian residents.

Card Review

The RBL EasySaver Super Card is positioned as an entry-level credit card, reflected in its 1 Finance Score of 20 out of 100 and its ranking of 278th within its fee segment. While it offers specific rewards for education, bill payments, and a 2.0% reward rate on utilities, its overall value proposition is limited by low reward rates (0.3%) across many common spending categories such as groceries, dining, entertainment, and travel. The card lacks premium features like domestic or international airport lounge access, milestone benefits, or luxury perks like golf. Furthermore, the absence of bundled insurance and high finance charges of 47.88% per annum make it less appealing for those who might carry a balance or seek comprehensive benefits. This card is best suited for individuals whose primary expenses align with its specific reward categories and who are looking for a basic credit card without extensive features.

Important Product Details

• Positive Highlights:
  • Rewards on Education expenses.
  • Rewards on Bill Payments.
  • Fuel Surcharge waiver.
  • Higher reward rate (2.0%) on Utilities.
• Negative Highlights:
  • Low 1 Finance Score (20/100).
  • Ranks 278th out of cards in its fee segment.
  • Not suitable for many selected spending purposes.
  • Low reward rate (0.3%) on Groceries, Clothing and Fashion, Technology and Electronics, Food and Dining, Entertainment, and Travel and Leisure.
  • Zero Reward Points on Transportation.
  • No Domestic Lounge Access.
  • No International Lounge Access.
  • No Milestone Benefits.
  • No Luxury Benefits (golf rounds/lessons).
  • High Finance Charges (47.88% per annum).
  • No bundled Life, Health, Travel, or Credit Liability insurance.

Other Details

• All benefits and features are subject to Terms & Conditions.
• The information provided is for educational and informational purposes only and should not be construed as financial advice.
• The 1 Finance Score is dynamic and updates based on purpose selection.
• Credit cards can offer various benefits including cashbacks, reward points, air miles, dining discounts, instant discounts, and exclusive partner offers.
• Wise credit card usage has the potential to reduce expenses by up to 15%.
• Maintaining low credit utilization and making timely credit card payments are crucial for improving your credit score.
• Credit cards can serve as a source of emergency financial support during unexpected situations.