RBL Bank ShopDaily Credit Card – Benefits, Fees & Eligibility

Introduction

The RBL Bank Platinum ShopDaily SuperCard, issued by RBL Bank, is a mid-range credit card designed to complement the cardholder's lifestyle. It offers attractive benefits in the lifestyle category, focusing on higher monthly savings and cashback on various purchases. Key differentiating benefits include a significant 5% cashback on grocery spends, appealing welcome vouchers, and the opportunity for annual fee waivers and additional cashback based on spending milestones.

Welcome Benefits

• Receive a gift voucher worth Rs. 500 upon paying the annual fee and spending Rs. 2,000 within the first 30 days of card issuance.
• Note: Welcome rewards are not applicable for First Year Free cards.

Fees

• Joining Fee: Rs. 499
• Renewal Fee: Rs. 499
• Spend-Based Waiver: The annual fee of Rs. 499 is waived on spending Rs. 50,000 in a year.
• Finance Charge: Up to 3.99% per month
• Over Limit Penalty: Rs. 600
• Cash Advance Transaction Fee: 2.5% of the cash amount, subject to a minimum of Rs. 500.
• Cash Payment at Branches: Rs. 250 per deposit
• Add-on Card Fee: Nil
• Charge Slip Retrieval Fee: Rs. 100
• Surcharge on Railway Tickets: As per IRCTC regulations
• Card Replacement Fee: Nil
• Duplicate Statement Fee: Nil
• Rewards Redemption Fee: Rs. 99
• Cheque Return: Rs. 500
• Fuel Surcharge: 1% surcharge on fuel transactions.

Rewards

• Cashback on Groceries: Enjoy 5% cashback on grocery spends, capped at Rs. 250 per month (annual value up to Rs. 3,000).
• Spend Milestone Cashback: Get a cashback of Rs. 1,000 on annual spends of Rs. 1 lakh.
• Annual Fee Waiver: The annual fee of Rs. 499 is waived if you spend Rs. 50,000 in a year.
• SuperCard Benefits:
  • Convert your available cash limits into a personal loan for 3 months at no interest. A processing fee of 2.5% of the amount (minimum Rs. 500) applies.
  • Unlimited withdrawal of your available cash limit from all ATMs in India up to your billing date at no interest for a maximum period of 50 days. A processing fee of 2.5% of the amount (minimum Rs. 500) applies.
• Cash on Card: Avail a pre-approved loan without blocking your credit limit, repayable in easy installments with multiple tenure options.
• Buy Now, Pay Later (Split n Pay): Convert purchases of Rs. 3,000 and above into monthly EMIs at lower interest rates.
• Balance Transfer: Transfer outstanding amounts from other credit cards to your ShopDaily SuperCard and clear them at a lower interest rate.
• Xpress Cash: Get an instant loan within your credit limit for urgent cash requirements.
• Cash Advance: Fulfill short-term cash needs with a credit-free period of up to 50 days.
• Contactless Transactions: Utilize the tap and pay feature for contactless purchases up to Rs. 5,000.
• Global Acceptance: The card is accepted worldwide.
• Security Features:
  • Comes with a PIN-based EMV chip for an extra layer of security.
  • Online transactions require a One Time Password (OTP) for safety and security.
  • Offers 'Zero Fraud Liability' in case of card misplacement.
  • Features an 'InControl' security feature allowing you to manage card usage through an app.

Rewards Redemption Guide

• A rewards redemption fee of Rs. 99 is applicable.

Card Review

The RBL Bank Platinum ShopDaily SuperCard is a beneficial option for individuals who frequently spend on groceries and are looking for a card that offers substantial cashback in this category. With a 5% cashback on grocery spends, it provides significant monthly savings. The card also offers a valuable welcome voucher and an annual fee waiver based on spending, making it cost-effective for regular users. The unique "SuperCard" features, such as interest-free personal loans and ATM withdrawals for a limited period, add considerable flexibility for managing finances. Overall, the card provides total benefits of Rs. 5,000 and above per annum, making it a strong contender for those seeking a blend of cashback, savings, and flexible credit options.

Important Product Details

• Positive Highlights:
  • 5% cashback on grocery spends (up to Rs. 250/month).
  • Rs. 500 welcome gift voucher.
  • Annual fee waiver on spending Rs. 50,000 annually.
  • Additional Rs. 1,000 cashback on annual spends of Rs. 1 lakh.
  • SuperCard benefits include interest-free personal loans and ATM cash withdrawals for up to 50 days (with processing fees).
  • Offers various value-added services like instant PIN setting, cash on card, Split n Pay for EMIs, balance transfer, and Xpress Cash.
  • Equipped with advanced security features like PIN-based EMV chip, OTP for online transactions, and Zero Fraud Liability.
  • Supports contactless payments up to Rs. 5,000.
  • Globally accepted.
• Negative Highlights:
  • A joining fee and annual fee of Rs. 499 each are applicable, though the annual fee can be waived.
  • High finance charge of up to 3.99% per month.
  • Processing fees apply for SuperCard benefits (personal loan conversion, ATM cash withdrawals).
  • A rewards redemption fee of Rs. 99 is charged.
  • Other charges like over limit penalty, cash payment at branches fee, and fuel surcharge apply.

Other Details

• All benefits and offers are subject to Terms & Conditions.
• The credit limit is assigned by RBL Bank based on factors such as the applicant's credit score, credit utilization ratio, and past repayment habits.
• For any queries, customers can contact 24x7 customer service at +91 22 7119 0900 or email supercardservice@rblbank.com.