RBL Bank ShopRite Credit Card – Benefits, Fees & Eligibility

Introduction

The RBL Bank ShopRite Credit Card, issued by RBL Bank, is positioned as an everyday rewards partner, suitable for individuals looking to save on their daily spending, particularly on groceries and movies. It offers accelerated reward points on grocery purchases and discounts on movie tickets via BookMyShow. The card comes with an annual membership fee, which can be waived based on annual spending, and provides a welcome bonus of 2,000 Reward Points.

Welcome Benefits

• Cardholders receive a welcome bonus of 2,000 Reward Points.
• To be eligible for the welcome bonus, you must make your first purchase within 30 days of card issuance and pay the annual membership fee by the payment due date.
• The welcome benefit will be credited to your account within 60 days from the date of card issuance.
• You also need to download the RBL MyCard mobile app to be eligible for the welcome bonus (as per one source).

Fees

• Joining Fee: INR 500 + GST (Some sources indicate it can be Lifetime Free).
• Renewal Fee: INR 500 + GST (Some sources indicate it can be Lifetime Free).
• Spend-Based Waiver: The annual fee can be waived by making purchases worth INR 1.5 lakhs or more in a membership year.
  • Effective October 15, 2024, purchases made on select merchant categories will not be included for calculating the annual fee waiver. These categories include Fuel & Auto, Utilities, Insurance, Quasi-Cash, Railways, Real Estate/Rental, Education, Wallet/Service Providers, Government Services, Contracted Services, Cash, Miscellaneous & Bills2Pay, and EMI conversion of retail transactions, fees, charges & GST.
• Rewards Redemption Fee: ₹99 + GST per redemption request. This fee is levied one time for redemptions made in a single day.
• Foreign Currency Markup: 3.5%.
• Interest Rates: Up to 3.99% per month.
• Fuel Surcharge: 1% fuel surcharge waiver.
• Cash Advance Charges: 2.5% of the Cash Withdrawn or ₹500 (whichever is higher).

Rewards

• Grocery Shopping: Earn 20 Reward Points for every ₹100 spent on grocery shopping.
  • A maximum of 1,000 Reward Points can be earned per month on grocery spends, offering savings of ₹250 each month for groceries alone (based on 1 RP = ₹0.25).
• Other Purchases: Earn 1 Reward Point for every ₹100 spent on other purchases.
  • Purchases made on select merchant categories do not earn reward points. These include Fuel & Auto, Utilities, Insurance, Railways, Real Estate/Rental, Wallet/Service Providers & Miscellaneous.
  • Effective October 15, 2024, purchases made on select merchant categories such as Quasi-Cash, Education, Government Services, Contracted Services, Cash & Bills2Pay will also not earn reward points.
• Movie Benefits: Get a 10% discount (up to ₹100) on movie tickets through BookMyShow.
  • This discount can be availed 15 times a calendar year.
  • The offer can be selected under 'RBL Bank 10% discount offer' in the 'credit card offers' section on BookMyShow.
• Fuel Surcharge Waiver: Get a 1% waiver on fuel surcharge at all fuel stations.
  • Valid for fuel purchases ranging from ₹400 to ₹5,000 (one source) or ₹500 to ₹4,000 (another source).
  • Maximum monthly waiver is ₹100.
  • The benefit will be reflected in your monthly credit card statement.
• Reward points earned in a given month will be credited to your account within 45 days from the purchase settlement date.

Rewards Redemption Guide

• Reward Points can be redeemed by visiting RBL Rewards (rblrewards.rbl.bank.in).
• Log in using your username & password on the website.
• Choose from various redemption options such as flights, hotels, recharge, shopping, gifts, etc.
• Each Reward Point (RP) is redeemable for up to ₹0.25.
• A redemption fee of ₹99 + GST is applicable per redemption request.

Card Review

The RBL Bank ShopRite Credit Card is an excellent choice for individuals who frequently spend on groceries and movies. It offers accelerated reward points on grocery purchases and a significant discount on BookMyShow movie tickets, allowing users to save considerably. While some sources indicate it can be lifetime free, the bank's official website states an annual fee of INR 500 + GST, which can be waived on achieving an annual spend of INR 1.5 lakhs. This makes it a good option for first-time cardholders or those looking for an entry-level card with specific spending benefits. Its value proposition is strong for those whose spending habits align with its reward categories.

Important Product Details

• Welcome bonus of 2,000 Reward Points.
• Earn 20 Reward Points for every ₹100 spent on groceries (up to 1,000 RP/month).
• Earn 1 Reward Point for every ₹100 spent on other retail purchases (with exclusions).
• 10% discount on movie tickets via BookMyShow (up to ₹100, 15 times a year).
• 1% fuel surcharge waiver (max ₹100/month).
• Annual fee of INR 500 + GST, with a waiver on spending INR 1.5 lakhs annually (with exclusions for waiver calculation).
• Reward redemption fee of ₹99 + GST.
• Foreign currency markup of 3.5%.
• Interest rates up to 3.99% per month.
• Cash advance charges of 2.5% or ₹500 (whichever is higher).

Other Details

• The RBL Bank ShopRite Credit Card is available on MasterCard, VISA & RuPay networks.
• For Credit Cards issued on the RuPay network, cardholders can enjoy the features of National Common Mobility Card (NCMC) and RuPay Credit Card on Unified Payment Interface (UPI).
• Offline UPI transactions under INR 2,000 done at small merchants (turnover not more than INR 20 lakh in previous financial year) on RBL Bank RuPay Credit Card will not be eligible for rewards points, voucher benefits, milestone benefits, or any other product benefits, unless stated otherwise.
• Bills2Pay is a facility provided by RBL Bank where Cardmembers can pay various utility bills via RBL MyBank App/Internet banking channel.
• The value specified in any calculator is based on estimated spends and for illustration purposes only; actual annual benefits may vary.
• All benefits are subject to detailed terms and conditions.