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

Introduction

The RBL Bank Monthly Treats Credit Card is an entry-level credit card designed by RBL Bank to cater to the daily lifestyle and digital-first spending habits of millennials. It aims to provide a delightful and rewarding experience across various categories such as shopping, dining, travel, and movies. Key differentiating benefits include accelerated reward points on online spends, various cashback offers on popular brands like Zomato, Myntra, Uber, Swiggy, and BookMyShow, and milestone vouchers for significant annual spending.

Fees

• Joining Fee: Monthly fee of INR 50 + GST.
• Annual Fee: INR 50 + GST (per month).
• Spend-Based Waiver: The monthly membership fee of INR 50 is waived off if you spend INR 3,000 or more in the previous calendar month.
• Rewards Redemption Fee: INR 99 + GST per redemption request. For redemptions made in a single day, a one-time reward redemption fee will be charged.
• Foreign Currency Markup: 3.5% on the conversion amount.
• Interest Rates: 3.99% per month (47.88% per annum).
• Fuel Surcharge Waiver: 1% fuel surcharge waiver on transactions between INR 500 to INR 4,000.
  • Maximum waiver is INR 100 per month.
• Cash Advance Charges: 2.5% on the withdrawal amount, subject to a minimum charge of INR 300.

Rewards

• General Reward Points:
  • Earn 1 Reward Point for every INR 100 spent on eligible offline categories.
  • Earn 2 Reward Points for every INR 100 spent on online purchases.
• Cashback on Popular Brands:
  • Enjoy 10% cashback on Zomato, Myntra, and Uber spends.
  • Maximum cashback is capped at INR 900 per calendar month, with a limit of INR 300 for each brand.
  • Cashbacks will reflect on your monthly statement.
• Monthly Milestone Benefits:
  • Grocery Cashback: On spending INR 3,000 in a calendar month, you get a 10% cashback of up to INR 100 on your grocery spends for the rest of the month.
  • Swiggy, BookMyShow, Utility Bill Payments Cashback: On spending a total of INR 5,000 in a calendar month, you get a 10% cashback up to INR 100 per month on Swiggy, BookMyShow, and utility bill payments via the RBL MyCard app. The maximum cashback is capped at INR 100 for each category.
• BookMyShow Movie Benefit:
  • 10% instant discount up to INR 300 per month on BookMyShow.
  • This benefit is applicable once a month on the BookMyShow app/website.
• Milestone Program:
  • Unlock vouchers worth INR 1,000 on spending INR 2 lacs in a membership year.
  • Unlock vouchers worth INR 5,000 on spending INR 5 lacs in a membership year.
  • Vouchers are from popular brands like Amazon, Flipkart, Myntra, Croma, and Shoppers Stop.
  • Vouchers will be delivered within 45 days from meeting the eligible spends criteria.
• Fuel Surcharge Waiver:
  • 1% fuel surcharge waiver on fuel spends between INR 500 and INR 4,000.
  • Maximum waiver of INR 100 per month.
  • Surcharge reversal will reflect in your monthly statement.

Rewards Redemption Guide

• Reward points can be redeemed at rblrewards for exciting rewards and offers on air travels, hotel bookings, and much more.
• Redeem up to INR 0.25 per point.

Card Review

The RBL Bank Monthly Treats Credit Card is an entry-level card best suited for individuals who are just starting their credit journey, particularly those who frequently engage in online shopping and daily digital transactions.

• Pros:
  • Accelerated reward points on online spends.
  • Diverse cashback opportunities on popular categories like food delivery, fashion, travel, and entertainment.
  • Monthly fee waiver based on achievable spending thresholds.
  • Milestone vouchers for higher annual spending.
  • Fuel surcharge waiver.
• Cons:
  • Monthly membership fee (though waivable).
  • Reward redemption fee.
  • High interest rates if balances are carried over.
  • Specific merchant categories are excluded from earning benefits.
• Value: This card offers significant saving opportunities for users focused on online transactions and everyday expenses, making it a valuable option for those seeking a basic card with maximum benefits in these areas.

Important Product Details

• Earn 1 Reward Point for every INR 100 spent on eligible offline categories.
• Earn 2 Reward Points on every INR 100 spent on online purchases.
• 10% cashback on Zomato, Myntra, and Uber, capped at INR 900 per month with a limit of INR 300 per brand.
• 10% cashback on groceries (up to INR 100 per month) after achieving a spend of INR 3,000 in a calendar month.
• 10% cashback on BookMyShow, Bill payments, and Swiggy (up to INR 100 per month per category) on spending INR 5,000 or more in a calendar month.
• 10% instant discount up to INR 300 per month on BookMyShow, applicable once a month.
• Monthly membership fee of INR 50 + GST, waived if INR 3,000 or more is spent in the previous month.
• 1% fuel surcharge waiver on transactions between INR 500 to INR 4,000, with a maximum waiver of INR 100 per month.
• Milestone vouchers worth INR 1,000 and INR 5,000 on spending INR 2 lacs and INR 5 lacs respectively in a membership year.
• Reward points can be redeemed for up to INR 0.25 per point.
• Rewards redemption fee of INR 99 + GST per request.
• Foreign currency markup of 3.5%.
• Interest rate of 3.99% per month (47.88% per annum).
• Cash advance charges of 2.5% on withdrawal amount, minimum INR 300.
• Effective October 15, 2024, transactions made on select Merchant Category Codes (MCCs) including Fuel & Auto, Utilities, Insurance, Quasi-Cash, Railways, Real Estate/Rental, Education, Wallet/Service Providers, Government Services, Contracted Services, Miscellaneous, Cash, EMI (Split-N-Pay & EMI done during making transaction) and Bills2Pay will not be considered eligible for benefits.

Other Details

• RBL Bank is no longer accepting applications for the Monthly Treats Credit Card but suggests the Cookies Credit Card as an alternative with similar benefits.
• Cardmembers can pay various utility bills via RBL MyBank App/Internet banking channel using Bills2Pay.
• The card is best suited for Dining.
• The reward type for this card is Reward Points.
• General terms and conditions apply to all benefits and features.