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

Introduction

The RBL Bank MoneyTap Black Credit Card, issued by RBL Bank, is positioned as a mid-range to premium offering designed to reward users for their online spending and provide lifestyle benefits. Key differentiating benefits include accelerated 5x reward points on online purchases, a 10% discount on BookMyShow, and complimentary domestic airport lounge access. Please note that RBL Bank is no longer accepting applications for this credit card.

Welcome Benefits

• Earn 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.

Fees

• Annual Membership Fee: INR 3,000 plus taxes, applicable from the first year onwards.
• Rewards Redemption Fee: INR 99 + GST will be applicable for each day's reward point redemption.
• Fuel Surcharge Waiver: Maximum waiver of INR 100 per month for fuel transactions between INR 500 and INR 4,000.

Rewards

• Accelerated Reward Earning:
  • Earn 2 reward points for every INR 100 spent on all purchases.
  • Earn 5x reward points (i.e., 10 reward points) for every INR 100 spent online, capped at 500 reward points per month.

  • Reward Exclusions

    • Base reward points are not accrued on spends related to fuel, utilities, railways, rental, wallet load, insurance, and government services.
    • Accelerated reward points are not accrued on purchases made on fuel.
    • W.e.f. October 15, 2024, Base and Accelerated reward points shall also not be accrued on the following categories/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
      • EMI Transactions (Split-N-Pay & EMI conversion requests placed at the time of making transactions at POS/Web/Mobile App).
• Monthly Benefit:
  • Get 1,000 Reward Points every month on making at least 5 transactions of INR 1,000 or more.
  • W.e.f. October 15, 2024, purchases made on the above-mentioned excluded categories/MCCs will not be considered for the monthly benefit.
• Movies:
  • Enjoy a 10% discount on movie bookings on BookMyShow.
  • Maximum discount of INR 100 per transaction.
  • Available 15 times in a year, any day of the week.
• 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.
• Milestone Program:
  • Earn 8,000 reward points on annual spends of INR 2.5 lakhs.
  • Earn an additional 8,000 reward points on crossing annual spends of INR 4 lakhs.
  • W.e.f. October 15, 2024, purchases made on the above-mentioned excluded categories/MCCs will not be considered for the bonus reward benefit.
• Waiver of Fuel Surcharge:
  • No fuel surcharge at all fuel stations for transactions between INR 500 and INR 4,000.
  • Maximum waiver of INR 100 per month.

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://www.rblrewards.com/.
• A reward redemption fee of INR 99 + GST will be applicable on redemption of your available reward points earned on RBL Bank Credit Cards, levied one time for redemptions made in a single day.

Important Product Details

• Key Benefits: Accelerated reward points on online spends, movie discounts, monthly rewards, annual spend milestone rewards, and airport lounge access.
• Estimated Annual Value: The card offers benefits estimated to be worth INR 18,600 annually, including:
  • Welcome Benefit: INR 3,000 (12,000 points).
  • Regular Spends (INR 20,000 p.m.): INR 1,200 (400 points).
  • Online Spends (INR 5,000 p.m.): INR 1,500 (500 points).
  • Monthly Reward Points: INR 3,000 (1,000 points).
  • BookMyShow Discount: INR 1,500.
  • Spend Milestones: INR 4,000 (16,000 points).
  • Fuel Surcharge Waiver: INR 1,200.
  • Airport Lounge Access: INR 3,200 (estimated 4 visits at INR 800 per visit).
• Reward Exclusions: A wide range of categories including fuel, utilities, insurance, government services, and EMI transactions are excluded from earning base and accelerated reward points, and from qualifying for monthly and milestone benefits (effective October 15, 2024).
• Reward Redemption Fee: A fee of INR 99 + GST applies per day for reward redemptions.
• Card Network: The RBL Bank MoneyTap Black Credit Card is available on the MasterCard network.

Other Details

• RBL Bank is no longer accepting applications for the RBL Bank MoneyTap Black Credit Card.
• There is a revenue sharing arrangement between RBL Bank and MONEYTAP for this card.
• Bills2Pay is a facility provided by RBL Bank where Cardmembers can pay various utility bills via RBL MyCard App/RBL MyBank App/Internet banking channel.
• For grievance redressal, customers can refer to the Customer Grievance Redressal matrix and contact the nodal officer.
• Detailed XpressCash terms & conditions are available.
• Information regarding the roles and responsibilities of the co-brand partner, MWYN Tech Pvt Ltd, is available.
• The RBI Sachet Portal can be visited at https://sachet.rbi.org.in/.
• The digital lending app associated with the card is RBL MyCard App.
• Important product details, terms and conditions, and other legal documents are available for reference.