RBL Bank LifeEasy Credit Card – Benefits, Fees & Eligibility

Introduction

The RBL Bank Platinum LifeEasy SuperCard is an entry to mid-range credit card issued by RBL Bank, designed to offer value for money on everyday purchases. Its key differentiating benefits include attractive cashback offers on fuel, groceries, and ride-sharing services like Ola/Uber, along with milestone vouchers and the unique flexibility of converting a cash limit into an interest-free personal loan.

Welcome Benefits

• Receive a voucher worth Rs.2,000 upon payment of the joining fee and spending Rs.2,000 within the first month of card issuance.

Fees

• Joining Fee: Rs.1,999
• Renewal Fee (Annual Fee): Rs.1,999
• Spend-Based Waiver: The annual fee can be waived on spending Rs.2 lakh in the first year.
• Finance Charge: Up to 3.99% per month.
• Cash Advance Transaction Fee: 2.5% of the cash amount (minimum of Rs.500).
• Over Limit Penalty: Rs.600.
• Add-on Card Fee: Nil.
• Cash Payment at Branches: Rs.250 per deposit.
• Charge Slip Retrieval Fee: Rs.100.
• Card Replacement Fee: Nil.
• Surcharge on Railway Tickets: As per IRCTC regulations.
• Duplicate Statement Fee: Nil.
• Cheque Return: Rs.500.
• Fuel Transaction Fee: 1% surcharge.
• Rewards Redemption Fee: Rs.99.

Rewards

• Cashback on Fuel:
  • 10% cashback on fuel purchases.
  • 1% fuel surcharge waiver, up to a maximum of Rs.150 per month.
• Cashback on Groceries: 5% cashback on grocery spends.
• Cashback on Travel/Ride-sharing: 10% cashback on Ola/Uber expenses.
• Milestone Benefits: Get a cashback of Rs.1,000 on spending Rs.1 lakh in a year.
• Domestic Airport Lounge Access: Included as part of the various rewards.
• Movie Tickets: Included as part of the various rewards.

Rewards Redemption Guide

• A rewards redemption fee of Rs.99 is applicable.

Card Eligibility Criteria

• Credit Score: A good credit score can increase the chances of eligibility.
• Nationality: The applicant must be a citizen of India.
• Employment Status: The primary applicant must be self-employed or salaried.
• Age: The applicant must be at least 18 years old.

Documents Required

• Address Proof:
  • Voter ID
  • Driving License
  • Aadhaar Card
• Identity Proof:
  • Passport
  • Ration Card
  • Voter ID
  • Aadhaar Card
• Income Proof:
  • IT Returns
  • Form 16
  • Salary Slip

Card Review

The RBL Bank Platinum LifeEasy SuperCard is a value-for-money credit card, particularly beneficial for individuals who frequently spend on fuel, groceries, and ride-sharing services. It stands out with its cashback offers and milestone rewards. The unique features like converting cash limits into interest-free personal loans and unlimited interest-free cash withdrawals up to the billing date add significant financial flexibility. While it has a joining and annual fee, the annual fee can be waived with sufficient spending. The card also offers essential security features and global acceptance, making it a well-rounded option for everyday use.

Important Product Details

• Positive Highlights:
  • Voucher worth Rs.2,000 on joining fee payment and initial spend.
  • 10% cashback on Ola/Uber transactions.
  • 10% cashback on fuel purchases.
  • 5% cashback on grocery spends.
  • Fuel surcharge waiver of Rs.150 per month.
  • Cashback of Rs.1,000 on annual spends of Rs.1 lakh.
  • Annual fee waiver on spending Rs.2 lakh in the first year.
  • Unlimited interest-free withdrawal of cash limit from all ATMs in India up to the billing date.
  • Available cash limit can be converted into a personal loan for 3 months at no interest rate (Emergency Advance).
  • Instant PIN setting via net banking, mobile banking, miscall, or SMS.
  • Option to avail pre-approved loans without blocking credit limit (Cash on Card).
  • Convert purchases of Rs.3,000 and above into monthly EMIs at lower interest rates (Split n Pay).
  • Transfer outstanding balances from other credit cards at a lower interest rate.
  • Get instant loans within your credit limit (Xpress Cash).
  • Cash advance facility with a credit-free period of up to 50 days.
  • Contactless payment feature for transactions up to Rs.5,000.
  • Global acceptance.
  • Enhanced security with PIN-based EMV chip and OTP for online transactions.
  • Zero Fraud Liability in case of card misplacement.
  • Hassle-free bill payments through various online channels.
• Negative Highlights:
  • Joining and annual fees of Rs.1,999 each.
  • High finance charge of up to 3.99% per month.
  • Cash advance transaction fee of 2.5% (minimum Rs.500).
  • Over limit penalty of Rs.600.
  • Cash payment at branches incurs a fee of Rs.250 per deposit.
  • Rewards redemption fee of Rs.99.
  • 1% surcharge on fuel transactions.

Other Details

• The credit limit for the RBL Bank Platinum LifeEasy SuperCard is determined by the bank, considering factors such as the applicant's credit utilization ratio, credit score, and past repayment habits.
• The card features a unique 'InControl' security feature that allows users to manage their card usage through an app.
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