RBL Bankbazaar SaveMax Pro Credit Card – Benefits, Fees & Eligibility

RBL Bank Bankbazaar SaveMax Pro Credit Card

Introduction

The RBL Bank Bankbazaar SaveMax Pro Credit Card is an exclusive, invite-only card developed in partnership with BankBazaar. It is tailored to help cardholders maximize savings on their daily expenses, offering a rich array of rewards, unique benefits, and premium features designed for an enhanced spending experience.

Welcome Benefits

• Receive 5000 reward points upon making the first transaction within 30 days of card activation and after the payment of the first-year annual fee.

Fees

• Annual Fee: Rs. 1,499 + GST
• Cash Advance Fee: 2.5% of the withdrawn amount or Rs. 500, whichever is higher.
• Late Payment Charges: Ranging from Rs. 5 up to Rs. 1,300, depending on the outstanding amount.
• Finance Charges on Revolving Credit and Cash Advances: Up to 3.99% per month.
• Interest-Free Grace Period: Between 17 days to 50 days, varying by credit card scheme.
• Rewards Redemption Fee: Rs. 99 + GST per redemption.
• Foreign Currency Markup Fee: 3.5%
• Cheque Return Fee: Rs. 500

Rewards

• Groceries: Earn 10x reward points for every Rs. 100 spent, with a monthly cap of 1,000 points.
• Fuel: Earn 5x reward points for every Rs. 100 spent, with a monthly cap of 1,000 points.
• Other Spends: Earn 2x reward points on all other expenditures.
• Entertainment:
  • Enjoy a 10% instant discount on BookMyShow transactions, up to Rs. 100 every month.
  • Receive 10% cashback on Zomato transactions, up to Rs. 100 every month.
• Milestone Benefits:
  • Get 2000 reward points for annual spends of Rs. 2 lakh.
  • Get 4000 reward points for annual spends of Rs. 4 lakh.
• Reward Point Exclusions:
  • Reward points are not earned on transactions related to utilities, fuel and auto, real estate, railways, insurance, rental services, wallet loading, EMI conversions, Split-N-Pay requests, and government services.
  • Effective 15 October 2024, transactions in the categories of education, cash, quasi-cash, contracted services, Bills2Pay, and miscellaneous will also be excluded from reward point accumulation.
• Lounge Access: The card does not offer lounge benefits.

Rewards Redemption Guide

• A rewards redemption fee of Rs. 99 + GST applies per redemption. Specific steps for redemption are not detailed.

Card Eligibility Criteria

Documents Required

• Proof of Identity: PAN card, Aadhaar card, Voter ID, etc.
• Address Proof: Aadhaar card, Utility bills, Voter ID, etc.
• Multiple copies of passport-sized photographs.

Note: The list of documents mentioned above is general. The bank may request additional documents based on individual cases and internal policies.

Important Product Details

• Positives:
  • Offers significant savings on everyday expenses.
  • High reward points for grocery and fuel spending.
  • Provides instant discounts and cashback on popular entertainment and dining platforms like BookMyShow and Zomato.
  • Includes attractive milestone benefits for achieving annual spending targets.
• Negatives:
  • This is an invite-only credit card.
  • Reward points are excluded for a wide range of transaction categories, including utilities, insurance, rent, and government services, with more exclusions taking effect from October 15, 2024.
  • An annual fee of Rs. 1,499 + GST applies.
  • A fee of Rs. 99 + GST is charged for each reward redemption.
  • The card does not provide any lounge benefits.

Other Details

• How to Apply:
  • Applications can be submitted online via the bank’s official website.
  • Offline applications can be made by visiting the nearest RBL Bank branch.
  • The card can also be applied for through BankBazaar.
• How to Pay Your Bill:
  • UPI
  • NEFT (National Electronic Funds Transfer)
  • Net Banking
  • Debit Card
  • Cheque
  • Cash
  • NACH (National Automated Clearing House) / Standing Instructions (SI)
• Customer Care:
  • Helpline: +91-22-6232-7777 (Please use your registered mobile number when calling).
  • Email Support: cardservices@rbl.bank.in (Ensure you send emails from your registered email ID for service requests or grievance redressal).
  • Postal Address: RBL Bank Ltd, Unit No. 306-311, 3rd Floor, JMD Megapolis, Sector 48, Sohna Road, Gurugram - 122018, Haryana.
• Application Status: You will receive an SMS notification on your registered mobile number upon approval of your credit card application after successful document verification. You can also track the application status via the official website.
• All benefits and terms are subject to terms and conditions.