RBL Bank SalarySe UP Credit Card – Benefits, Fees & Eligibility

Introduction

The RBL Bank SalarySe UP Credit Card is a 100% virtual and UPI-powered credit card designed for individuals who prefer digital payments and frequent UPI transactions. This card, a collaboration between RBL Bank and SalarySe, offers an impressive rewards program where cardholders can earn reward points on eligible purchases, with accelerated points for transactions made through UPI on the SalarySe platform. It allows for easy linking to popular UPI applications for quick and hassle-free everyday transactions and provides welcome benefits for new users, including bonus reward points for initial spending.

Welcome Benefits

• Earn up to 2,500 Reward Points upon making your first transaction of at least ₹500 within 30 days of receiving the card. These bonus points will be credited to your account within 60 days after the transaction.
• Earn an additional 1,500 Reward Points by spending ₹30,000 within the first three months of receiving the card. This reward will be credited within 60 days after the three-month period ends.
• Receive an extra 2,000 Reward Points by completing a minimum of 15 successful UPI transactions, each worth at least ₹500, within the first 30 days. These points will appear in your account within 60 days after your first statement.

Fees

• Joining Fee: ₹499 + GST
• Renewal Fee: ₹499 + GST
• Spend-Based Waiver: The renewal fee is waived if the cardholder spends ₹2 Lakh or more in the previous year.
• Rewards Redemption Fee: ₹99 + GST applies for each redemption made within a single day.
• Foreign Currency Markup: 3.5%
• Interest Rates: 3.99% per month or 47.88% per annum
• Fuel Surcharge: Not applicable
• Cash Advance Charges: 2.5% of the cash amount withdrawal (minimum ₹500)

Rewards

• Reward Type: Reward Points
• Earn 1 Reward Point for every ₹100 spent on all eligible offline and online purchases.
• Earn 5X Reward Points (5 Reward Points for every ₹100) for UPI transactions made on the SalarySe platform, with a monthly cap of 1,000 Reward Points for these accelerated earnings.
• Earn 10X Reward Points (10 Reward Points for every incremental ₹100) for UPI spending that exceeds ₹20,000 in a month, capped at 8,000 points per month for this incremental earning.
• No specific benefits are offered for Movie & Dining, Travel, Domestic Lounge Access, International Lounge Access, Golf, or Insurance.
• Reward Point Exclusions: Purchases in categories such as Fuel and auto, Utilities, Insurance, Railways, Rental, Education, Wallet/Service Providers, Government Services, Contracted Services, Miscellaneous, Bills2Pay, Cash, and EMI conversions at the time of purchase will not earn reward points.

Rewards Redemption Guide

• Reward Points can be redeemed through the RBL Reward Portal.
• Each Reward Point is valued at ₹0.10.
• A nominal fee of ₹99 + GST applies for each redemption made within a single day.
• You can check your Reward Points balance through the RBL Bank mobile app, via the RBL Reward Portal, or by contacting customer service.

Card Review

The RBL Bank SalarySe UP Credit Card is ideal for tech-savvy individuals who frequently use digital payments and UPI. It offers a structured rewards program that heavily favors UPI transactions, making it attractive for everyday digital spending. The card also provides substantial welcome benefits for new users and offers a fee waiver based on annual spending. However, it lacks benefits in traditional categories like dining, entertainment, or travel, and its foreign currency markup fee is relatively high, which might make it less suitable for those looking for a comprehensive lifestyle or international travel card. Overall, it serves as an excellent tool for managing and earning rewards on online and UPI-based shopping.

Important Product Details

• This is a 100% Virtual Credit Card.
• The card is UPI powered, allowing for easy linking to popular UPI apps like GPay, PhonePe, and PayTM for quick payments by scanning merchant QR codes.
• You can easily link your National Common Mobility Card (NCMC) to your RBL Bank SalarySe UP Credit Card. This feature allows you to use your credit limit for transportation services such as metros and buses, with the ability to add money to your NCMC wallet via the RBL Bank app or at transit terminals.
• Best Suited For: Shopping.
• Renewal fee is waived if you spend ₹2 lakh or more in a year.
• The card focuses primarily on rewards through UPI transactions and does not offer complimentary services like insurance benefits or lounge access.

Other Details

• The card aims to unlock exclusive rewards on UPI spends.
• There are no complimentary services with this credit card, such as insurance benefits or lounge access.