RBL Bank Moneytap Black Credit Card – Benefits, Fees & Eligibility

Introduction

The RBL Bank MoneyTap Black Credit Card is a mid-range credit card offered by RBL Bank, designed to provide significant value through accelerated reward points on online spending, complimentary domestic airport lounge access, and exclusive discounts on movie bookings. It also features a robust milestone program rewarding high annual spends.

Welcome Benefits

• Receive 12,000 reward points upon making your first credit card transaction within 30 days of card setup and payment of the annual fee.
• The welcome benefit will be credited within 60 days of card setup after payment of the Line Setup Fee and the first card transaction within 30 days of card setup.
• The welcome benefit has an estimated annual value of INR 3,000.

Fees

• Annual Membership Fee: INR 3,000 plus taxes, applicable from the first year onwards.
• Reward Redemption Fee: INR 99 + GST will be applicable on redemption of your available reward points. This fee is levied once for all redemptions made in a single day.
• Fuel Surcharge Waiver: Enjoy a waiver on fuel surcharge at all fuel stations.
  • Valid for fuel transactions between INR 500 and INR 4,000.
  • Maximum waiver of INR 100 per month.
  • The annual value of the fuel surcharge waiver is estimated at INR 1,200.

Rewards

• Accelerated Reward Earning
  • Earn 2 reward points for every INR 100 spent on all your purchases.
  • Get 5x reward points, which is 10 reward points for every INR 100 spent online, capped at 500 reward points in a month.
  • Base reward points are not accrued on fuel, utilities, railways, rental, wallet load, insurance, and government services.
  • Accelerated reward points are not accrued on purchases made on fuel.
  • Effective October 15, 2024, base and accelerated reward points will also not be accrued on purchases made in the following categories/Merchant Category Codes (MCCs):
    • Fuel & Auto: 0032, 2541, 4001, 5542, 5541, 5172
    • Utilities: 4900
    • Insurance: 6300, 6310
    • Quasi-Cash: 6050, 6051, 4829
    • Railways: 0066, 4011, 4112
    • Real Estate/Rental: 6513
    • Education: 8220, 8244, 8249, 8211, 8241, 8299
    • Wallet/Service Providers: 6540
    • Government Services: 9400, 1490, 2490, 2995, 7800, 9406, 9222, 9405, 9399, 9211, 9402, 9401, 9311, 9223
    • Contracted Services: 1711, 1740, 0763, 1520, 0742, 1761, 1799, 1750, 1731, 1771, 0780
    • Cash: 6011, 6010
    • Miscellaneous: 5960
    • Bills2Pay (facility provided by RBL Bank for utility bill payments via RBL MyBank App/Internet banking channel)
    • EMI Transactions (Split-N-Pay & EMI conversion requests placed at the time of making transactions at POS/Web/Mobile App)
  • The estimated annual value from regular spends is INR 1,200, and from online spends is INR 1,500.
• Monthly Benefit
  • Get 1,000 Reward Points every month on making at least 5 transactions of INR 1,000 or more.
  • Effective October 15, 2024, purchases made on the above-mentioned excluded categories/MCCs will not be considered for the monthly benefit.
  • The estimated annual value from monthly reward points is INR 3,000.
• Movies
  • Enjoy a 10% discount on movie bookings on BookMyShow.
  • Maximum discount of INR 100 per transaction.
  • Can be availed 15 times in a year, any day of the week.
  • The estimated annual value from movie discounts is INR 1,500.
• Complimentary Airport Lounge Access
  • Enjoy free visits to domestic airport lounges, up to 1 visit per calendar quarter.
  • The lounge program is offered by MasterCard/Visa.
  • The estimated annual value from airport lounge access is INR 3,200 (assuming INR 800 per visit and 4 visits a year).
• Milestone Program
  • Get 8,000 reward points on annual spends of INR 2.5 lakhs.
  • Get an additional 8,000 reward points on crossing annual spends of INR 4 lakhs.
  • Effective October 15, 2024, purchases made on the above-mentioned excluded categories/MCCs will not be considered for the bonus reward benefit.
  • The estimated annual value from spend milestones is INR 4,000.

Rewards Redemption Guide

• Explore and experience the Rewards Program and redeem your Reward Points for air travel, hotel stays, shopping vouchers, and much more at https://rblrewards.rbl.bank.in/.

Important Product Details

• Total Annual Value: The card offers benefits worth an estimated INR 18,600 annually.
• Key Benefits:
  • Accelerated reward points on online spends.
  • Monthly reward points for meeting transaction criteria.
  • Movie discounts on BookMyShow.
  • Complimentary domestic airport lounge access.
  • Significant reward points on annual spend milestones.
  • Waiver of fuel surcharge.
• Restrictions and Exclusions:
  • An annual membership fee of INR 3,000 plus taxes applies.
  • A reward redemption fee of INR 99 + GST is charged per redemption.
  • Reward points (base and accelerated) are not earned on various categories including fuel, utilities, insurance, government services, wallet loads, and more, with an expanded list of exclusions effective October 15, 2024.
  • Monthly and milestone benefits will also exclude these categories from October 15, 2024.
  • Online 5x reward points are capped at 500 points per month.
  • Fuel surcharge waiver is capped at INR 100 per month and applies only to transactions between INR 500 and INR 4,000.

Other Details

• Applications for the RBL Bank MoneyTap Black Credit Card are no longer being accepted.
• There is a revenue sharing arrangement between RBL Bank and MONEYTAP for this card.
• The card is available on the MasterCard network.
• The co-brand partner for this card is MWYN Tech Pvt Ltd.
• The Digital Lending App associated with the card is RBL MyBank App.
• Detailed Terms and Conditions, Most Important Terms and Conditions, Cardmember Agreement, Schedule of Charges, and information on Grievance Redressal, XpressCash, Roles & Responsibilities, and the RBI Sachet Portal are available via links on the bank's website.