RBL Bank LifeEasy Credit Card – Benefits, Fees & Eligibility

Introduction

The RBL Bank Platinum LifeEasy SuperCard is a value-for-money credit card issued by RBL Bank, designed to offer high savings on everyday purchases. It positions itself as a versatile card, providing benefits across categories like fuel, groceries, and travel (Ola/Uber), coupled with attractive milestone vouchers. Key differentiating benefits include accelerated cashback on daily spends, complimentary domestic lounge access, and the unique "Easy Cash" facility allowing interest-free cash withdrawals for a period.

Welcome Benefits

• Get gift vouchers worth INR 2,000 on payment of the annual fee and on making spends of INR 2,000 within 30 days of card issuance.
• Note: No welcome rewards will be given to First Year Free cards.

Fees

• Joining Fee: INR 1,999 plus Goods and Service Tax (GST).
• Annual Fee: INR 1,999 plus Goods and Service Tax (GST).
• Spend-Based Waiver:
  • Spend INR 3,50,000 in a year to get the second year annual fee of INR 1,999 reversed.
  • Avail an annual fee waiver on spending Rs.2 lakh in the first year.
• Finance Charge: Up to 3.99% per month.
• Cash Advance Charges:
  • Processing fee of 2.5% of the cash amount, with a minimum of INR 500.
  • Cash withdrawals are interest-free for up to 50 days.
• Fuel Surcharge: 1% surcharge on fuel transactions.
• Fuel Surcharge Waiver: Up to INR 150 per month. The waiver is applicable on minimum fuel transactions of INR 500 and maximum of INR 4,000.
• Rewards Redemption Fee: INR 99.
• Over Limit Penalty: INR 600.
• Add-on Card Fee: Nil.
• Cash Payment at Branches: INR 250 per deposit.
• Charge Slip Retrieval Fee: INR 100.
• Card Replacement Fee: Nil.
• Surcharge on Railway Tickets: As per IRCTC.
• Duplicate Statement Fee: Nil.
• Cheque Return: INR 500.

Rewards

• Cashback on Daily Spends:
  • 10% Cashback on Fuel Purchases (up to INR 200 per month).
  • 10% Cashback on Ola/Uber transactions (up to INR 200 per month).
  • 5% Cashback on Grocery spends (up to INR 200 per month).
• Milestone Benefits:
  • Get gift vouchers worth INR 1,000 on crossing spends of INR 2,50,000 in a year.
  • On spending Rs.1 lakh in a year, get a cashback of Rs.1,000.
• Travel Benefits:
  • 4 Complimentary Domestic Lounge Access in a year (1 per quarter) at all major airports in India.
  • Lounge access for the subsequent quarter is unlocked by making spends of INR 35,000 or more in the preceding calendar quarter (excluding Rental spends).
• Entertainment Benefits:
  • BookMyShow offer: 1+1 movie ticket once a month (up to INR 200).

Rewards Redemption Guide

• Redeem your cashback on rblrewards.rbl.bank.in.
• Cashback will be credited in the form of reward points.

Card Eligibility Criteria

• Credit Score: Having a good credit score can increase your 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 strong contender for individuals seeking value-for-money benefits on their everyday spending. Its accelerated cashback on essential categories like fuel, groceries, and ride-sharing services (Ola/Uber) makes it highly rewarding for regular users. The inclusion of complimentary domestic lounge access and movie ticket offers adds significant lifestyle value. While the card has an annual fee, it can be easily waived through spend-based conditions. The "Easy Cash" and "Emergency Advance" features provide financial flexibility, making it a versatile tool for both planned and unforeseen expenses. However, users should be mindful of the processing fees for cash advances and the specific spend exclusions for earning reward points. Overall, it's a well-rounded card for those who prioritize cashback and lifestyle benefits on common expenditures.

Important Product Details

• Accelerated Cashback: Earn 10% cashback on Fuel and Ola/Uber, and 5% cashback on Groceries.
• Domestic Lounge Access: Enjoy 4 complimentary domestic lounge visits annually, subject to quarterly spend criteria.
• Movie Benefits: Get 1+1 movie tickets monthly via BookMyShow.
• Milestone Vouchers: Receive gift vouchers or cashback upon achieving specific annual spend thresholds.
• Fee Waiver: Annual fee can be waived based on annual spending.
• Easy Cash Facility: Unlimited interest-free cash withdrawals from ATMs up to the billing date (processing fee applies).
• Emergency Advance: Convert available cash limit into a 3-month interest-free personal loan.
• Fuel Surcharge Waiver: Benefit from a monthly fuel surcharge waiver.
• Exclusions for Reward Points: Transactions made on Education, Insurance, Utilities, Rent Payments, and Wallet Load categories will not earn reward points.
• Future Exclusions (Effective Oct 15, 2024): Transactions made on Fuel & Auto, Quasi-Cash, Railways, Real Estate, Service Providers, Government Services, Contracted Services, Bills2pay, EMI, Miscellaneous & Cash are not eligible for reward points.

Other Details

• Easy Cash: Unlimited withdrawal of your available cash limit from all ATMs in India up to your billing date. A processing fee of 2.5% (minimum INR 500) is applicable. Cash withdrawn is interest-free for up to 50 days.
• Emergency Advance: Your available cash limit can be converted into a personal loan with a tenure of 3 months at no interest rate.
• Other Value Services:
  • Instant PIN Setting: Set your card PIN instantly via net banking, mobile banking, miscall to 7045 906 905, or by sending an SMS (MyCard to 7045 906 905).
  • Cash on Card: Get a pre-approved loan without blocking your credit limit, repayable in easy installments with multiple tenure options.
  • Split n Pay Program: Convert purchases of Rs.3,000 and above into monthly EMIs at lower interest rates.
  • Balance Transfer: Transfer outstanding amounts from other credit cards to your SuperCard at a lower interest rate.
  • Xpress Cash: Get instant loans within your credit limit for cash requirements.
  • Contactless Transactions: Use the tap and pay feature for contactless purchases up to Rs.5,000.
  • Hassle-free Payments: Pay bills securely through various online channels.
  • Global Acceptance: The card is accepted worldwide.
  • Safe and Secure: Features PIN-based-EMV chip for security, One Time Password (OTP) for online transactions, and 'Zero Fraud Liability' in case of card misplacement. The card also comes with a unique ‘InControl’ security feature that allows you to control your card usage through an app.
• Credit Limit: The credit limit is assigned at the discretion of RBL Bank, considering factors such as the applicant's credit utilization ratio, credit score, and repayment habits of past dues.
• Terms & Conditions: All offers and benefits are subject to terms and conditions. Refer to the Most Important Terms and Conditions (MITC) and Cardmember Agreement for full details.