RBL Bank Paisabazaar Duet Plus Credit Card – Benefits, Fees & Eligibility

Introduction

The RBL Bank Paisabazaar Duet Plus Credit Card, issued by RBL Bank, is positioned as a shopping-focused credit card designed for individuals seeking straightforward cashback rewards rather than a complex points system. Its primary differentiating benefits include offering returns worth over 8X the annual fee and a hassle-free cashback model, eliminating the need for points redemption.

Welcome Benefits

• No specific welcome benefits are listed for this card.

Fees

• Joining Fee: ₹ 1499 + GST
• Annual/Renewal Fee: ₹ 1499 + GST
• Spend Based Waiver: Renewal fees may vary from Cardmember to Cardmember.
• Finance Charges (Interest Rate): APR up to 3.99% per month (47.88% per annum)
• Over Limit Penalty: ₹ 600 per instance
• Rent Payment Charges: 1% processing fee on the transaction amount
• Foreign Currency Markup: 3.49% of the transaction value
• Minimum Repayment Amount: 5% of Total outstanding (minimum ₹ 100) + All charges/fees/taxes + EMI
• Cheque Return Fees: 2% of Total Amount Due or minimum of ₹ 500, whichever is higher
• Card Replacement Fees: ₹ 200 + GST
• Cash Advance Fees: 2.5% of the cash amount (minimum ₹ 500)

Late Payment Charges

• Total Amount Due/Statement Balance Less than or equal to ₹ 100: NIL
• Total Amount Due/Statement Balance Above ₹ 100 and up to ₹ 500: ₹ 100
• Total Amount Due/Statement Balance Above ₹ 500 and up to ₹ 5000: ₹ 500
• Total Amount Due/Statement Balance Above ₹ 5000 and up to ₹ 10,000: ₹ 750
• Total Amount Due/Statement Balance Above ₹ 10,000 and up to ₹ 25,000: ₹ 900
• Total Amount Due/Statement Balance Above ₹ 25,000 and up to ₹ 50,000: ₹ 1000
• Total Amount Due/Statement Balance Above ₹ 50,000: ₹ 1300

Rewards

• The card offers a "No Points. No hassle. Just Cashback." model, focusing on direct cashback rewards.
• It is designed to provide returns worth over 8X the annual fee.
• The card is categorized as a "Shopping" card, implying benefits tailored for shopping expenditures.

Rewards Redemption Guide

• The card operates on a cashback model, eliminating the need for traditional points redemption. Rewards are directly provided as cashback.

Card Eligibility Criteria

• Age: Applicants should be at least 21 years old.
• Income:
  • A stable annual income is essential.
  • Typically, a net monthly income of ₹ 20,000 or more is required for salaried individuals.
  • Self-Employed Individuals/Professionals require a minimum annual income of ₹ 3 lakhs.
• Credit Score: A good CIBIL score, ideally between 750 and 900, can significantly boost approval chances.
• Citizenship: The applicant must be an Indian citizen and possess valid address proof.

Documents Required

• Identity Proof: Aadhaar card, Passport, PAN card.
• Address Proof: Any Utility bill, Passport, or Voter ID.
• Income Proof: Salary slips, bank statements, or IT returns.

Important Product Details

• Card Name: RBL Bank Paisabazaar Duet Plus Credit Card
• Issuing Bank: RBL Bank
• Card Type: Cashback-focused, shopping credit card
• Joining Fee: ₹ 1499 + GST
• Annual Fee: ₹ 1499 + GST
• Interest Rate: APR up to 3.99% per month (47.88% per annum)
• Foreign Currency Markup: 3.49% of the transaction value
• Credit Limit: Up to ₹10 Lakh, determined by factors like income, repaying capacity, and credit history.

Other Details

• Terms & Conditions Apply for all benefits and features.
• Cash Advance Withdrawal Limit: Around 20-40% of the credit limit.
• The credit limit is not fixed and is communicated at the time of card issuance. RBL Bank may offer pre-approved credit limit increases to existing cardholders.
• Contact Information:
  • Call Center: 2261156300
  • Email: customercare@rblbank.com
  • Mailing Address: RBL Bank Ltd. One World Center, Tower 2B, 6th Floor, 841, Senapati Bapat Marg, Lower Parel (W), Mumbai 400013. India.