RBL Bank QuickPay Credit Card – Benefits, Fees & Eligibility

Introduction

The RBL Bank QuickPay Credit Card is an entry-level credit card from RBL Bank, positioned for beginners or those looking to establish a credit history. Priced at an affordable ₹99 + GST, it focuses on basic reward points and a simple UPI-linked welcome benefit, making it a good stepping stone into the world of credit without extensive lifestyle perks. Its primary differentiating benefits include a low joining fee and a 20% cashback offer on initial UPI transactions, serving as a digital-first companion for online and UPI-based transactions.

Welcome Benefits

• Enjoy 20% cashback on your first two UPI transactions.
• This offer is applicable for transactions done within 15 days of card issuance/generation.
• The cashback is capped at a maximum of ₹50.
• To avail the welcome benefit, you must:
  • Make two UPI transactions within 15 days of card issuance.
  • Pay the annual membership fee by the payment due date.
• Welcome benefits will be credited to your account within 60 days from the date of the card issuance.

Fees

• Joining Fee: ₹99 + GST
• Annual Fee: ₹99 + GST
• Spend-Based Waiver: Not applicable.
• Rewards Redemption Value: 1 Reward Point = ₹0.25.
• 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.
• Physical Card Issuance Fee: ₹250 + GST, applicable on request.

Rewards

• Rewards Rate: Earn 1 Reward Point for every ₹200 spent on eligible transactions.
• Excluded Categories for Reward Point Accrual:
  • Fuel & Auto
  • Utilities
  • Insurance
  • Quasi-Cash (W.e.f. October 15, 2024)
  • Railways
  • Real Estate/Rental
  • Education (W.e.f. October 15, 2024)
  • Wallets/Service Providers
  • Government Services (W.e.f. October 15, 2024)
  • Contracted Services (W.e.f. October 15, 2024)
  • Cash (W.e.f. October 15, 2024)
  • 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.
  • Bills2Pay (W.e.f. October 15, 2024)
• Reward Point Validity: Reward points, once collected, are valid for 24 months.
• Key Benefits:
  • Use your RuPay Credit Card for UPI transactions to pay bills, including utility bills, mobile recharge, and more.
  • Enjoy the convenience of UPI payments and earn rewards, such as cashback, reward points, or discounts.

Rewards Redemption Guide

• Reward points accumulated can be redeemed on the RBL Rewards platform.
• Redemption options include flights, hotel bookings, shopping, vouchers, recharges, or you can choose to donate your points.
• The value for redemption is 1 Reward Point = ₹0.25.
• For complete terms and conditions regarding reward points and their redemption, refer to the RBL Rewards website.

Card Eligibility Criteria

• Available only to select existing RBL Bank Credit Cardholders.

Card Review

• Overall Verdict: The RBL Bank QuickPay Credit Card is a simple, beginner-friendly choice featuring a low joining fee and a straightforward rewards system. It serves its purpose well for individuals looking to kickstart their credit journey and who are satisfied with limited benefits. For higher reward points, travel perks, or lifestyle privileges, exploring RBL’s mid-tier or co-branded cards would be more suitable.
• 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.

Important Product Details

• A low-entry-level credit card by RBL Bank, ideal for beginners or those looking to build their credit profile while earning basic reward points on regular spending.
• It is a digital-first companion for online and UPI-based transactions.
• Experience the power of credit with unmatched convenience and affordability.

Other Details

• Reward Points earned in a given month will be credited to your account within 45 days from the purchase settlement date.
• Offline UPI transactions under INR 2,000 done at small merchants will not be eligible for product benefits. Small merchants are defined as those with a turnover of not more than INR 20 lakh during the previous financial year.
• Bills2Pay is a facility provided by RBL Bank where Cardmembers can pay various utility bills via RBL MyBank App/Internet banking channel.
• For detailed terms and conditions, Most Important Terms and Conditions, and Schedule of Charges, refer to the official RBL Bank documents.