RBL Bank Fun Plus Credit Card – Benefits, Fees & Eligibility

Introduction

The RBL Bank Fun+ Credit Card, issued by RBL Bank, was positioned as a mid-range credit card designed for movie enthusiasts and those who frequently dine out. While applications for this card are no longer being accepted, it offered a range of benefits including BookMyShow discounts, monthly movie vouchers, and accelerated reward points on dining, BookMyShow, KFC, and Pizza Hut spends. RBL Bank now promotes the RBL Bank Play Credit Card as a new proposition for movie buffs.

Fees

• Joining Fee: ₹ 499 + GST
• Annual/Renewal Fee: ₹ 499 + GST
• Spend-Based Waiver: The annual fee is waived off on spends of ₹ 1.5 lakh or more in the previous year. Purchases made on select merchant categories (Fuel & Auto, Utilities, Insurance, Quasi Cash, Railways, Real Estate / Rental, Education, Wallet/Service Providers, Government Services, Contracted Services, Miscellaneous, Bills2Pay, Cash, EMI conversion of retail transactions) will not be considered for the annual fee waiver calculation.
• Finance Charges (Interest Rates): APR up to 3.99% per month (47.88% per annum)
• Over Limit Penalty: ₹ 600 per instance
• Rent Payment Charges: 1% processing fee on the transaction amount
• Foreign Currency Markup: 3.49% of the transaction value
• Minimum Repayment Amount: 5% of Total outstanding (Minimum ₹ 100) + All charges/fees/taxes + EMI
• Cheque Return Fees: 2% of Total Amount Due or Minimum of ₹ 500, whichever is higher
• Late Payment Charges:
  • Less than or equal to ₹ 100: NIL
  • Above ₹ 100 and up to ₹ 500: ₹ 100
  • Above ₹ 500 and up to ₹ 5,000: ₹ 500
  • Above ₹ 5,000 and up to ₹ 10,000: ₹ 750
  • Above ₹ 10,000 and up to ₹ 25,000: ₹ 900
  • Above ₹ 25,000 and up to ₹ 50,000: ₹ 1,000
  • Above ₹ 50,000: ₹ 1,300
• Card Replacement Fees: ₹ 200 + GST
• Cash Advance Fees: 2.5% (Minimum ₹ 500) of the cash amount
• Reward Redemption Fee: INR 99 + GST, levied one time for redemptions made in a single day.

Rewards

• Monthly Treats:
  • On spending INR 5,000 every month, cardholders receive a BookMyShow movie voucher worth INR 500.
  • The offer is activated the day after the start of the billing cycle (after 6 PM) and remains valid until the end of the billing cycle.
  • Purchases made on select merchant categories (Fuel & Auto, Utilities, Insurance, Quasi Cash, Railways, Real Estate / Rental, Education, Wallet/Service Providers, Government Services, Contracted Services, Miscellaneous, Bills2Pay, Cash, EMI conversion of retail transactions) are excluded from the monthly spend calculation.
  • RBL Bank Fun+ Cardmembers do not receive INR 300 Pizza Hut or KFC vouchers on monthly spends of INR 5,000 and above.
• Annual Blockbuster:
  • When annual spends on the card cross INR 4 lakhs, cardholders receive 12,000 Reward Points, redeemable for select vouchers worth INR 3,000.
  • Purchases made on select merchant categories (Fuel & Auto, Utilities, Insurance, Quasi Cash, Railways, Real Estate / Rental, Education, Wallet/Service Providers, Government Services, Contracted Services, Miscellaneous, Bills2Pay, Cash, EMI conversion of retail transactions) are excluded from the annual spend calculation.
• Reward Points Earning:
  • Earn 20 reward points per INR 100 spent on dining on weekends (maximum 1,000 Reward Points in a month/billing cycle).
  • Earn 10 reward points per INR 100 spent at Pizza Hut, KFC outlets, and www.bookmyshow.com.
  • Earn 1 Reward point per INR 100 on all other purchases.
  • Purchases made on select merchant categories (Fuel & Auto, Utilities, Insurance, Quasi Cash, Railways, Real Estate / Rental, Education, Wallet/Service Providers, Government Services, Contracted Services, Miscellaneous, Bills2Pay, Cash, EMI conversion of retail transactions) are excluded from reward point earning.
• Movie Discounts:
  • Get a 10% discount on movies at BookMyShow for 15 transactions in a year, with a maximum discount of INR 100 for each transaction.
  • This offer can be availed by applying for the “RBL Bank Fun+ Credit Card offer” under Avail Offers & Discounts on the bookmyshow.com checkout page or mobile app.
• Fuel Surcharge Waiver:
  • Enjoy a waiver of fuel surcharge at any petrol pump in India up to INR 100 each month.
  • This waiver is applicable for transactions in the range of INR 500 to INR 4,000.

Rewards Redemption Guide

• To redeem reward points for movie tickets, dining, flights, hotel bookings, and more, register at https://rblrewards.rbl.bank.in/.
• A reward redemption fee of INR 99 + GST will be applicable, levied one time for redemptions made in a single day.

Card Eligibility Criteria

• Age: Applicants should be at least 21 years old.
• Income:
  • A stable annual income is essential.
  • Net monthly income of ₹ 20,000 or more for salaried individuals.
  • Minimum annual income of ₹ 4 lakhs for Self-Employed Individuals/Professionals.
• Credit Score: A good CIBIL score, ideally between 750 and 900, can significantly boost approval chances.
• Citizenship: The applicant must be an Indian citizen and possess valid address proof.

Document Requirements

• Identity Proof: Aadhaar card, Passport, PAN card.
• Address Proof: Any Utility bill, Passport, or Voter ID.
• Income Proof: Salary slips, bank statements, or IT returns.

Card Review

The RBL Bank Fun+ Credit Card was designed for individuals who frequently engage in entertainment activities, particularly movies and dining. Its key strengths included substantial reward points on specific categories like dining on weekends, BookMyShow, KFC, and Pizza Hut, along with monthly movie vouchers and annual milestone benefits. The card also offered a 10% discount on BookMyShow transactions and a monthly fuel surcharge waiver. However, it is important to note that RBL Bank is no longer accepting applications for the Fun+ Credit Card, instead promoting the RBL Bank Play Credit Card. If it were available, this card would be ideal for movie buffs and those who spend significantly on dining and related entertainment, provided they could meet the spend-based waiver conditions for the annual fee. The extensive list of excluded merchant categories for spend-based benefits and reward point calculations was a notable drawback.

Important Product Details

• Card Name: RBL Bank Fun+ Credit Card
• Issuing Bank: RBL Bank
• Card Network: MasterCard Network
• Credit Limit: The credit limit for the RBL Bank Fun+ Credit Card can be up to ₹10 Lakh, determined by factors such as income, repaying capacity, and credit history. The specific limit is communicated at the time of card issuance. Existing cardholders may be eligible for pre-approved credit limit increases.
• Application Status: Applications for the RBL Bank Fun+ Credit Card are no longer being accepted. RBL Bank is now offering the RBL Bank Play Credit Card as an alternative.

Other Details

• There is a revenue sharing arrangement between RBL Bank and BookMyShow for this card.
• Cash Advance Withdrawal Limit: Around 20-40% of the credit limit.
• Contact Bank:
  • Call Center: 2261156300
  • Email: customercare@rblbank.com
  • Mailing Address: RBL Bank Ltd. One World Center, Tower 2B, 6th Floor, 841, Senapati Bapat Marg, Lower Parel (W), Mumbai 400013. India.
• Detailed Terms and Conditions, Most Important Terms and Conditions, Cardmember Agreement, Schedule of Charges, and Grievance Redressal information are available on the bank's website.