RBL Bank QuickPay Credit Card – Benefits, Fees & Eligibility

Introduction

The RBL Bank QuickPay Credit Card, issued by RBL Bank, is an entry-level credit card designed for beginners or individuals looking to establish their credit profile. It stands out with its seamless UPI linking for quick payments, a welcome offer of 20% cashback on the first two UPI transactions, and a straightforward reward system that earns points on eligible spending.

Welcome Benefits

• Enjoy 20% cashback on your first 2 UPI transactions made within 15 days of card issuance.
• The cashback is capped at ₹50.
• To claim the welcome benefits, you must make two UPI transactions within 15 days of receiving the card and pay the annual membership fee by the due date.
• The cashback will be credited to your account within 60 days from the card’s issuance.

Fees

• Joining Fee: ₹99 + GST
• Renewal Fee (Annual Fee): ₹99 + GST
• Spend-Based Waiver: Not applicable.
• Rewards Redemption Fee: While not a direct fee, 1 Reward Point is valued at ₹0.25 upon redemption.
• Foreign Currency Markup: 3.5%
• Interest Rates: Up to 3.99% per Month (47.88% per Annum)
• Fuel Surcharge Waiver: 1%
• Cash Advance Charges: 2.5% or ₹500, whichever is lower.

Rewards

• Earn 1 Reward Point for every INR 200 spent on eligible purchases.
• Movie & Dining Benefits: Not applicable.
• Travel Benefits: Not applicable.
• Domestic Lounge Access: Not applicable.
• International Lounge Access: Not applicable.
• Golf Benefits: Not applicable.
• Insurance Benefits: Not applicable.
• Excluded categories for reward point accrual:
  • Fuel & Auto
  • Utilities
  • Insurance
  • Quasi-Cash
  • Railways
  • Real Estate/Rental
  • Education
  • Wallets/Service Providers
  • Government Services
  • Contracted Services
  • Cash
  • Other Miscellaneous categories
  • EMI conversion of retail transactions (including SplitN-Pay and EMI conversion requests submitted during transactions at POS/Web/Mobile App)
  • Offline UPI transactions below ₹2,000 made at small merchants.

Rewards Redemption Guide

• Reward points can be redeemed on the RBL Rewards platform.
• Redemption options include flights, hotel bookings, shopping, vouchers, recharges, or donation to charity.
• 1 Reward Point is equivalent to ₹0.25.
• Accumulated reward points are valid for 24 months.

Card Review

• Overall Verdict: The RBL Bank QuickPay Credit Card is a simple, beginner-friendly choice, ideal for those looking to kickstart their credit journey and are satisfied with limited benefits. It serves its purpose well for basic credit building.
• Who Should Apply: Individuals who are new to credit cards, looking to build their credit profile, or prefer a straightforward card with basic reward points on regular spending.

• Pros

  • Low joining fee of ₹99 + GST.
  • 20% UPI cashback welcome offer for new users.
  • Simple rewards structure: 1 Reward Point for every ₹200 spent.

• Cons

  • No added benefits such as lounge access, dining, travel, or insurance perks.
  • Does not offer lifestyle or travel benefits.

Important Product Details

• A low-entry-level credit card by RBL Bank.
• Ideal for beginners or those looking to build their credit profile.
• Focuses on earning basic reward points on regular spending.
• Allows linking your UPI ID for quick payments.
• Features a simple rewards system.
• Does not offer exclusive dining discounts or fuel benefits.
• Lacks lifestyle perks, travel benefits, lounge access, or insurance benefits.

Other Details

• This card is available only to select existing RBL Bank Credit Cardholders.
• Users can skip the hassle by linking their UPI ID and start paying in seconds.
• For complete terms and conditions regarding reward points and their redemption, refer to the RBL Rewards website.
• General terms and conditions apply to the card and its benefits.