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

Introduction

The TVS Credit RBL Bank Credit Card, a co-branded offering from RBL Bank in partnership with TVS Credit, is positioned as an affordable yet rewarding credit card with a joining fee of ₹500 plus taxes. This card is designed for shopping enthusiasts, offering accelerated reward points on online purchases, complimentary Executive Railway Lounge access, and a Buy 1 Get 1 movie ticket offer. It also provides practical benefits like a fuel surcharge waiver and the convenience of National Common Mobility Card (NCMC) features and UPI linkage.

Welcome Benefits

• Users will earn 2,000 Bonus Reward Points upon making the first transaction within 30 days of card activation.
• The welcome benefit is applicable only after the annual membership fee is paid.
• The Reward Points earned 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
• Annual Fee: ₹500 + GST
• Spend-Based Waiver: Not applicable for annual fee waiver.
• 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 per month 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

• Rewards Rate:
  • Earn 2 Reward Points for every ₹100 spent online (up to 1,000 Reward Points every month).
  • Earn 1 Reward Point for every ₹100 spent on valid offline or in-store purchases.
  • Transactions on fuel & auto, utilities, insurance, quasi-cash, 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.
  • Offline UPI transactions under ₹2,000 done at small merchants (turnover not more than ₹20 lakh in previous financial year) on RuPay network will not be eligible for reward points, voucher benefits, milestone benefits or any other product benefits, unless stated otherwise.
• Milestone Benefits:
  • Earn a bonus of 2,000 Reward Points on spending ₹1.5 lakhs annually.
  • 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.
• Movie Benefits:
  • Receive a buy-one-get-one-free offer of up to ₹200 on movie tickets via BookMyShow.
  • This offer is applicable when booking two or more tickets.
  • Cardholders can avail of this offer by achieving a monthly milestone benefit of spending ₹10,000.
• Travel (Railway Lounge Access):
  • Receive one free Executive lounge access per calendar quarter.
  • To avail, users need to show their valid, unexpired eligible card along with a valid train ticket at the entrance of participating lounges.
  • A nominal fee of ₹2 will be debited from the cardholder’s account for the complimentary lounge access.
  • The lounge benefit includes 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 and not to Add-on cards.
• Fuel Surcharge Waiver:
  • Offers a 1% fuel surcharge waiver of up to ₹100 every month on transactions between ₹400 and ₹5,000.
• NCMC Benefit:
  • Equipped with the National Common Mobility Card feature for quick payments at metro stations, bus terminals, etc., by simply tapping the card.
  • Comes with an inbuilt offline wallet that can be easily loaded and has a maximum limit of ₹2,000.
• Credit Card on UPI:
  • Available on the RuPay network, allowing easy linkage to preferred UPI applications (e.g., BHIM, Google Pay, PhonePe) for phone payments.

Rewards Redemption Guide

• Cardholders can visit the RBL Rewards Portal to redeem rewards.
• After logging in, they can view their reward points balance.
• Choose from various options to use points, such as getting merchandise, vouchers, gift cards, or statement credit.
• Points will be deducted from the total balance upon selection.
• The value of 1 Reward Point is ₹0.25.
• A Rewards Redemption Fee of ₹99 + GST applies.

Card Review

The TVS Credit RBL Bank Credit Card offers a reasonable joining and renewal fee, making it an affordable option best suited for shopping enthusiasts. It provides a rewarding experience with Reward Points for both online and in-store purchases, which can be redeemed for vouchers and gift cards. The card also includes valuable perks such as a Buy 1 Get 1 movie ticket offer, complimentary railway lounge access, and a fuel surcharge waiver. Its compatibility with UPI and NCMC features adds to its convenience for everyday transactions. While it lacks certain benefits like air travel lounge access and comprehensive insurance coverage, it stands out as a versatile and rewarding choice for individuals seeking an inexpensive credit card with substantial features.

Important Product Details

• Earn 2,000 Bonus Reward Points as a welcome benefit on the first transaction within 30 days of card issuance.
• Earn 2 Reward Points for every ₹100 spent online and 1 Reward Point for every ₹100 spent on in-store purchases.
• Receive 2,000 Bonus Reward Points on achieving an annual spend milestone of ₹1.5 lakhs.
• Enjoy a Buy-one-get-one-free offer on movie tickets up to ₹200 via BookMyShow, on achieving a monthly spend of ₹10,000.
• Access complimentary Executive Railway lounge once every calendar quarter.
• Benefit from a 1% fuel surcharge waiver up to ₹100 per month on transactions between ₹400 to ₹5,000.
• Equipped with National Common Mobility Card (NCMC) features for quick payments at metro stations and bus terminals.
• Can be easily linked with UPI for hassle-free transactions.
• No add-on card fees.
• Lacks air travel lounge access, insurance benefits, and dining deals.

Other Details

• There is a revenue sharing arrangement between RBL Bank and TVS Credit for this card.
• The card is available on both MasterCard and RuPay networks.
• Bills2Pay is a facility provided by RBL Bank where cardmembers can pay various utility bills via RBL MyBank App/Internet banking channel.
• Categories/MCCs for exclusions from reward point benefits and milestone benefits are defined as per Network guidelines.
• Legal disclaimers, detailed terms and conditions, Most Important Terms and Conditions (MITC), Cardmember Agreement, Schedule of Charges, and FAQs are available via links on the bank's website.
• For grievance redressal, cardholders can write to cardservices@rbl.bank.in.