RBL Bank Monthly Treats Credit Card – Benefits, Fees & Eligibility

Introduction

The RBL Bank Monthly Treats Credit Card is designed to cater to millennials, offering rewards tailored to their spending habits. It features a monthly membership fee of Rs. 50, which can be waived based on monthly spending. Cardholders can earn reward points on both online and offline purchases, with specific cashbacks on categories like groceries, Swiggy, BookMyShow, and utility bill payments. The card also provides a fuel surcharge waiver, making it a comprehensive entry-level option for those starting their credit journey and looking for savings on everyday expenses, especially online shopping.

Welcome Benefits

• No specific welcome benefits are mentioned.

Fees

• Joining Fee: Monthly fee of Rs. 50 + GST.
• Renewal Fee: Rs. 50 + GST (per month).
• Spend-Based Waiver: The monthly fee of Rs. 50 is waived if you spend Rs. 3,000 or more in the previous month.
• Rewards Redemption Fee: Rs. 99 per redemption request.
• Foreign Currency Markup: 3.5% on the conversion amount.
• Interest Rates: 3.99% per month (47.88% per annum).
• Fuel Surcharge: 1% fuel surcharge waiver on transactions between Rs. 500 to Rs. 4,000, with a maximum waiver of Rs. 100 per month.
• Cash Advance Charges: 2.5% on the withdrawal amount, subject to a minimum charge of Rs. 300.

Rewards

• Reward Point Earning:
  • Earn unlimited 5x Reward Points on Online Spends.
  • Earn 2 reward points on every Rs. 100 spent on online purchases.
  • Earn 1 reward point on every Rs. 100 spent on offline purchases (excluding fuel transactions).
• Vouchers: Enjoy vouchers worth up to INR 6,000 in a year.
• Cashback and Discounts:
  • Get 10% off on Zomato, BookMyShow, Uber, and Myntra.
  • Monthly Milestone Benefits:
    • On spending Rs. 3,000 in a calendar month, receive a 10% cashback of up to Rs. 100 on grocery spends for the rest of the month.
    • On spending a total of Rs. 5,000 in a calendar month, receive a 10% cashback up to Rs. 100 per month on Swiggy, BookMyShow, and utility bill payments via the RBL MyCard app. The maximum cashback is capped at Rs. 100 for each specific category.
• Fuel Surcharge Waiver:
  • 1% fuel surcharge waiver on transactions between Rs. 500 and Rs. 4,000.
  • Maximum fuel surcharge waiver of Rs. 100 per month.

Rewards Redemption Guide

• Reward points can be redeemed at rblrewards for various options including air travels, hotel bookings, and much more.
• 1 Reward Point (RP) is equivalent to Re. 0.25.
• A fee of Rs. 99 is charged per redemption request.

Card Review

The RBL Bank Monthly Treats Credit Card is an entry-level card well-suited for individuals new to credit. It is particularly beneficial for those who frequently engage in online shopping, offering high reward points on such spends. The card provides attractive milestone rewards including 10% cashback on groceries, BookMyShow, Swiggy, and utility bill payments, enabling significant savings in these categories. If you are seeking a foundational credit card that maximizes savings on common expenditures, this card is a strong contender.

Important Product Details

• Earn 2 reward points on every Rs. 100 spent on online purchases.
• Earn 1 reward point on every Rs. 100 spent on offline purchases.
• Get 10% cashback on groceries every month after achieving a spend of Rs. 3,000 in a month.
• Receive 10% cashback on BookMyShow, Bill payments, and Swiggy on spending Rs. 5,000 or more in a month.
• Monthly membership fee waiver based on spending.
• 1% fuel surcharge waiver.

Other Details

• Best Suited For: Dining (as per one description).
• The monthly membership fee of Rs. 50 is waived off if you spend Rs. 3,000 or more in the previous month.