RBL BankIn partnership with BankBazaarRBL Bankbazaar SaveMax Pro Credit Card – Benefits, Fees & Eligibility
Is the RBL Bankbazaar SaveMax Pro Credit Card Right for You?
The RBL Bankbazaar SaveMax Pro Credit Card is best suited for users who prioritize Movies, Dining, Shopping. With a joining fee of ₹1,499 + GST and a renewal fee of ₹1,499 + GST, this card is positioned for cardholders who can maximize its benefits to justify the cost. It offers Reward Points, Cashback as its primary reward mechanism, with a rewards rate of 10x points on groceries, 5x on fuel, 2x on other spends..
Key Card Details
₹1,499 + GST
₹1,499 + GST
Reward Points, Cashback
3.49% of the transaction value.
10x points on groceries, 5x on fuel, 2x on other spends.
APR up to 3.99% p.m. (47.88% p.a.).
Notable Perks
Welcome Offer
Receive 5000 reward points upon making your first transaction within 30 days and paying the first year's annual fee.
Movie Benefits
10% instant discount on BookMyShow once a month, up to INR 100.
Things to Consider
This RBL Bank card is invite-only, limiting general accessibility for applicants.
High Annual Percentage Rate (APR) of up to 47.88% p.a. on outstanding balances.
Many categories like utilities, insurance, and education are excluded from rewards.
Benefits & Features
Welcome Offer
Receive 5000 reward points upon making your first transaction within 30 days and paying the first year's annual fee.
Rewards Rate
10x points on groceries, 5x on fuel, 2x on other spends.
Reward Type
Reward Points, Cashback
Reward Redemption
Points can be redeemed via the RBL Rewards portal.
Movie Benefits
10% instant discount on BookMyShow once a month, up to INR 100.
Dining Benefits
10% Cashback on Zomato, up to INR 100 in a month.
Fees & Charges
Joining Fee
₹1,499 + GST
Renewal Fee
₹1,499 + GST
Foreign Currency Markup
3.49% of the transaction value.
Interest Rates
APR up to 3.99% p.m. (47.88% p.a.).
Cash Advance Charges
2.5% (Minimum INR 500) of the cash amount.
Pros & Cons
Pros
Key benefits and features of this card.
Enjoy significant savings with 10% instant discount on BookMyShow.
Get rewarded for dining out with 10% cashback on Zomato orders.
Accelerated 10X reward points on grocery spends for daily essentials.
Earn 5X reward points on fuel, helping save on transportation costs.
Generous welcome benefit of 5000 reward points on first transaction.
Cons
Key drawbacks and limitations of this card.
This RBL Bank card is invite-only, limiting general accessibility for applicants.
High Annual Percentage Rate (APR) of up to 47.88% p.a. on outstanding balances.
Many categories like utilities, insurance, and education are excluded from rewards.
Renewal fee waiver conditions are not clearly specified for this card.
Foreign currency markup of 3.49% is relatively high for international transactions.
Product Details
Available on the MasterCard network for wide acceptance.
An exclusive invite-only card, not open for general application.
Offers a convenient Bills2Pay facility for utility bill payments.
Provides 10% instant discount on BookMyShow entertainment.
Features 10% cashback on Zomato for dining experiences.
Accelerated 10X reward points on all grocery expenditures.
Earn 5X reward points on fuel transactions.
Benefits & Features
Welcome Offer
Receive 5000 reward points upon making your first transaction within 30 days and paying the first year's annual fee.
Rewards Rate
10x points on groceries, 5x on fuel, 2x on other spends.
Reward Type
Reward Points, Cashback
Reward Redemption
Points can be redeemed via the RBL Rewards portal.
Movie Benefits
10% instant discount on BookMyShow once a month, up to INR 100.
Dining Benefits
10% Cashback on Zomato, up to INR 100 in a month.
What matters, explained clearly
Introduction
The RBL Bank Bankbazaar SaveMax Pro Credit Card, issued by RBL Bank Ltd. in association with A&A Dukaan Financial Services Private Limited (BankBazaar), is an invite-only credit card designed to offer a rewarding experience across various daily expenses. This mid-range card stands out with benefits such as a 10% instant discount on BookMyShow, 10% cashback on Zomato, and 10X Reward Points on grocery spends, making it appealing for users focused on specific lifestyle and everyday spending categories. There is a revenue sharing arrangement between RBL Bank and BankBazaar for this card.
Welcome Benefits
- Receive 5000 reward points upon making your first transaction within 30 days of card issuance and paying the first year's annual fee.
Fees
- Joining Fee: ₹ 1499 + GST
- Annual/Renewal Fee: ₹ 1499 + GST
- Spend-Based Waiver: Renewal fees applicable on various Credit Cards may vary from Cardmember to Cardmember.
- Finance Charges (Interest Rates): APR up to 3.99% p.m. (47.88% p.a.)
- Foreign Currency Markup (Forex Charges): 3.49% of the transaction value.
- Cash Advance Fees: 2.5% (Minimum INR 500) of the cash amount.
- Over Limit Penalty: ₹ 600 per instance.
- Rent Payment Charges: 1% Processing fee transaction amount.
- Minimum Repayment Amount: 5% of Total outstanding (Minimum Rs. 100) + All charges/fees/taxes + EMI.
- Cheque Return Fees: 2% of Total Amount Due or Minimum of ₹ 500, whichever is higher.
- Late Payment Charges:
- Less than or equal to ₹ 100: NIL
- Above ₹ 100 and up to ₹ 500: ₹ 100
- Above ₹ 500 and up to ₹ 5000: ₹ 500
- Above ₹ 5000 and up to ₹ 10,000: ₹ 750
- Above ₹ 10,000 and up to ₹ 25,000: ₹ 900
- Above ₹ 25,000 and up to ₹ 50,000: ₹ 1000
- Above ₹ 50,000: ₹ 1300
- Card Replacement Fees: ₹ 200 + GST.
Rewards
- Everyday Rewards:
- Get 10x reward points on every INR 100 spent on groceries, with a maximum of 1,000 reward points per month.
- Get 5x reward points on every INR 100 spent on fuel, with a maximum of 1,000 reward points per month.
- Get 2x reward points on every INR 100 spent on all other purchases.
- Excluded Categories for Reward Points Accrual: Reward points are not accrued on the following MCC/Categories: Utilities, Insurance, Railways (MCC: 0066, 4011, 4112), Real Estate / Rental (MCC: 6513), Wallet/Service Providers (MCC: 6540), Government Services (MCC: 9400, 1490, 2490, 2995, 7800, 9406, 9222, 9405, 9399, 9211, 9402, 9401, 9311, 9223), and EMI conversion of retail transactions (Split-N-Pay, & EMI conversion requests placed at the time of making transactions at POS/Web/Mobile App).
- Additionally, effective October 15, 2024, purchases made on select merchant categories: Cash (MCC: 6011, 6010), Quasi Cash (MCC: 6050, 6051, 4829), Education (MCC: 8220, 8244, 8249, 8211, 8241, 8299), Contracted Services (MCC: 1711, 1740, 0763, 1520, 0742, 1761, 1799, 1750, 1731, 1771, 0780), Miscellaneous (MCC: 5960) & Bills2Pay (NA) will not be considered for base reward points accrual.
- Entertainment & Indulgence:
- Enjoy a 10% instant discount on BookMyShow once a month, up to INR 100.
- Receive 10% Cashback on Zomato, up to INR 100 in a month.
- Milestone Rewards:
- Get 2,000 reward points on annual spends of INR 2 lakhs.
- Get 4,000 reward points on annual spends of INR 4 lakhs.
- Excluded Categories for Milestone Rewards Annual Spends: Effective October 15, 2024, annual spends for Milestone rewards will not include purchases/spends for select Merchant Categories (MCC) including: 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 (Split-N-Pay, & EMI conversion requests placed at the time of making transactions at POS/Web/Mobile App), fees (if any), charges & GST.
Rewards Redemption Guide
- Points can be redeemed via the RBL Rewards portal. A link to "Redeem your Points" is provided for cardmembers.
Card Eligibility Criteria
- Age: Applicants should be at least 21 years old.
- Income: Applicants should have a stable source of income, either salaried or self-employed.
- Credit Score: A good CIBIL score, ideally between 750 and 900, can significantly boost approval chances.
- Citizenship: The applicant must be an Indian citizen and possess valid address proof.
- Availability: The RBL Bank BankBazaar SaveMax Pro Credit Card is an invite-only card, meaning it is not available for direct application by the general public.
Document Requirements
- Identity Proof: Aadhaar card, Passport, PAN card.
- Address Proof: Any Utility bill, Passport, or Voter ID.
- Income Proof: Salary slips, bank statements, or IT returns.
Important Product Details
- Key Benefits:
- 10% instant discount on BookMyShow (up to INR 100/month).
- 10% cashback on Zomato (up to INR 100/month).
- 10X Reward Points on grocery spends (max 1,000 points/month).
- 5X Reward Points on fuel spends (max 1,000 points/month).
- Welcome benefit of 5000 reward points.
- Milestone rewards of up to 4,000 reward points on annual spends.
- Key Considerations:
- This is an invite-only card.
- High Annual Percentage Rate (APR) of up to 3.99% p.m. (47.88% p.a.).
- Various categories are excluded from earning reward points and contributing to milestone spends.
- Standard fees and charges apply, including joining, annual, foreign currency markup, cash advance, and late payment fees.
Other Details
- The RBL Bank Bankbazaar SaveMax Pro Credit Card is available on the MasterCard network.
- Credit Limit: The credit limit is based on multiple factors such as income, repaying capacity, and credit history, and is communicated at the time of card issuance. RBL Bank does not specify a fixed credit limit for this card, but it can be up to ₹10 Lakh. Pre-approved credit limit increases may be offered to existing cardholders.
- Cash Advance Withdrawal Limit: Around 20-40% of the credit limit.
- Bills2Pay: This is a facility provided by RBL Bank where Cardmembers can pay various utility bills via the RBL MyBank App/Internet banking channel.
- Legal Information: Detailed Terms and Conditions, Most Important Terms and Conditions, Cardmember Agreement, and Schedule of Charges are available for reference.
- Contact Information:
- Call Center: 2261156300
- Email: customercare@rblbank.com
- Mailing Address: RBL Bank Ltd. One World Center, Tower 2B, 6th Floor, 841, Senapati Bapat Marg, Lower Parel (W), Mumbai 400013. India.