TVS Credit RBL Bank Credit Card – Benefits, Fees & Eligibility

TVS Credit RBL Bank Credit Card

Introduction

The TVS Credit RBL Bank Credit Card is a co-branded offering from RBL Bank and TVS Credit, designed to provide a range of financial services, benefits, and features at an affordable joining fee of ₹500 plus taxes. It rewards cardholders with 2,000 Welcome Reward Points redeemable for vouchers and merchandise. This card is a versatile choice for shopping enthusiasts, offering accelerated reward points on online purchases, complimentary executive railway lounge access, and a Buy 1 Get 1 movie offer on BookMyShow, alongside a fuel surcharge waiver. It also supports NCMC features for quick transit payments and can be linked with UPI for easy transactions.

Welcome Benefits

• Receive 2,000 Bonus Reward Points upon making the first transaction within 30 days of card issuance/activation.
• These Reward Points can be redeemed for vouchers and gift cards on the RBL Rewards Portal.
• The value of 1 Reward Point is ₹0.25.

Fees

• Joining Fee: ₹500 + GST
• Renewal Fee: ₹500 + GST
• Spend-Based Waiver: Not applicable
• Rewards Redemption Fee: ₹99 + GST
• Foreign Currency Markup: 3.5%
• Interest Rates: 3.99% per month or 47.88% per annum
• Fuel Surcharge: 1% waiver up to ₹100 on transactions between ₹400 to ₹5,000.
• Cash Advance Charges: 2.5% of the cash amount or a minimum of ₹500.
• Add-on Card Fees: No add-on card fees.

Rewards

Reward Rate

• Earn 1 Reward Point for every ₹100 spent on valid offline or Point of Sale (PoS) purchases.
• Earn 2 Reward Points for every ₹100 spent on valid online or e-commerce purchases.
• A cap of up to 1,000 Reward Points can be earned in a month for transactions made online. These points are reflected in the monthly card statement.
• Exclusions for Reward Point Earning: Transactions on fuel & auto, utilities, insurance, railways, real estate/rental, education, wallets/service providers, government services, contracted services, cash, miscellaneous, Bills2Pay, and EMI conversion of retail transactions will not earn any Reward Points.

Movies

• Buy 1 Get 1 Free Movie Offer: Enjoy a buy-one-get-one-free offer on movie tickets, up to ₹200, via BookMyShow.
• Condition: This offer is applicable when booking two or more tickets and is available upon achieving a monthly milestone of spending ₹10,000.

Travel

• Railway Lounge Access: Receive one complimentary Executive railway lounge access per calendar quarter.
• Lounge Access Conditions:
  • Users must show a valid, unexpired eligible card along with a valid train ticket at the entrance of participating lounges.
  • A nominal fee of ₹2 will be debited for complimentary lounge access.
  • Lounge benefits include 2 hours of lounge stay, a buffet meal, tea/coffee, access to a changing room, newspapers, and magazines.
  • This benefit applies only to primary cards, not to Add-on cards.
• Domestic Lounge Access: Not applicable for air travel lounges.
• International Lounge Access: Not applicable for air travel lounges.

Milestone Benefits

• Earn a bonus of 2,000 Reward Points on spending ₹1.5 lakhs annually.
• These Reward Points can be redeemed for vouchers, products, and gift cards through the RBL Rewards Portal.
• The value of 1 Reward Point is ₹0.25.
• Exclusions for Milestone Benefits: Purchases made on fuel & auto, utilities, insurance, railways, rental, education, wallets, government services, cash, miscellaneous, Bills2Pay, and EMI conversion of retail transactions are not valid in the milestone benefits program.

Fuel

• Fuel Surcharge Waiver: A 1% fuel surcharge waiver is offered, up to ₹100 every month, on transactions between ₹400 and ₹5,000.

Rewards Redemption Guide

• Cardholders can redeem Reward Points for vouchers and gift cards on the RBL Rewards Portal.
• The value of 1 Reward Point is ₹0.25.
• To redeem, visit the RBL Rewards Portal, log in, view your accumulated points, and choose from available options such as merchandise, vouchers, or statement credit. Points will be deducted from your balance upon selection.

Card Review

The TVS Credit RBL Bank Credit Card is well-suited for shopping enthusiasts, offering a competitive joining and renewal fee. It provides rewarding opportunities with Reward Points on both online and in-store purchases, which can be redeemed for vouchers and gift cards. Key benefits include a Buy 1 Get 1 movie ticket offer, complimentary railway lounge access, and a fuel surcharge waiver. Its integration with UPI and NCMC features adds to its versatility for everyday transactions. While it lacks air travel lounge access and insurance benefits, it remains an affordable and rewarding option for those seeking a credit card with diverse features.

Important Product Details

• Buy-one-get-one-free offer on movie tickets via BookMyShow.
• Equipped with National Common Mobility Card (NCMC) features for quick payments at metro stations and bus terminals.
• Can be easily linked with UPI for seamless transactions (available on RuPay network).
• Includes milestone benefits of 2,000 Reward Points on annual spending.
• Access to railway lounges with complimentary buffet meals and other amenities.
• Fuel surcharge waiver beneficial for regular fuel spenders.
• No lounge access benefit for air travel.
• Insurance benefits are not included with this card.
• Dining deals are not included with this card.

Other Details

• The card is available on both MasterCard and RuPay networks.
• The RuPay variant allows linking the credit card to UPI applications such as BHIM, Google Pay, and PhonePe for phone-based payments.
• The NCMC feature includes an inbuilt offline wallet with a maximum limit of ₹2,000 for transit payments.
• The reward type for this card is Reward Points.