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

TVS Credit RBL Bank Gold Credit Card

Introduction

The TVS Credit RBL Bank Gold Credit Card is a co-branded offering from RBL Bank and TVS Credit, designed primarily for individuals who frequently shop and dine, aiming to maximize their rewards. This card comes with a joining fee of ₹1,500 plus taxes and offers a compelling reward structure, featuring significant cashback on dining and accelerated reward points on international purchases. Cardholders can also benefit from exclusive vouchers, airport lounge access (both domestic and international), and modern conveniences like UPI payment integration and National Common Mobility Card (NCMC) features, along with a fuel surcharge waiver. It provides a comprehensive set of benefits for both shoppers and travelers, making it a valuable choice for those seeking a premium reward experience. The card is available on both MasterCard and RuPay networks.

Welcome Benefits

• Receive 6,000 bonus Reward Points upon making the first transaction within 30 days of card issuance.
• To avail this offer, the joining fee must be paid within 30 days of card issuance.
• These welcome points can be redeemed for vouchers and gift cards on the RBL Rewards Portal.
• Each Reward Point holds a value of ₹0.25.

Fees

• Joining Fee: ₹1,500 + GST
• Renewal Fee: ₹1,500 + GST
• Spend-Based Waiver: Not applicable (N/A)
• 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.

Rewards

• Rewards Rate:
  • Earn 10 Reward Points for every ₹100 spent on international purchases.
  • Earn 2 Reward Points for every ₹100 spent on everyday transactions.
• Movies & Dining:
  • Get 5% cashback up to ₹250 on EazyDiner transactions.
  • This offer is available once every month.
• Travel (Lounge Access):
  • Domestic Lounge Access:
    • Receive 1 complimentary domestic airport lounge access every quarter upon spending ₹50,000 in that quarter.
    • Receive 2 complimentary domestic airport lounge accesses every quarter upon spending ₹75,000 in that quarter.
  • International Lounge Access:
    • Receive 1 complimentary international airport lounge access every quarter under Priority Pass membership upon spending ₹1 lakh in that quarter.
• Milestone Perks:
  • Earn 6,000 Reward Points on annual spending of ₹2.5 lakhs. These points can be redeemed for vouchers, products, etc.
• Quarterly Benefits:
  • Upon reaching a spending milestone of ₹50,000 every quarter, receive a shopping or dining voucher worth ₹500. You can choose from popular apps like Amazon, Flipkart, Swiggy, or Zomato.
• Golf: Not applicable (N/A).
• Insurance Benefits: This card does not offer any specific insurance benefits, such as travel or purchase protection insurance.
• Lifestyle:
  • Benefit from exclusive vouchers worth INR 500, available as part of quarterly benefits.
• Credit Card on UPI:
  • Being on the RuPay network, this card can be easily linked with UPI apps such as Google Pay, PhonePe, and BHIM for seamless transactions without needing to carry the physical card.
• National Common Mobility Card (NCMC) Benefit:
  • The card is equipped with the NCMC feature, allowing for quick tap-and-pay transactions at metro stations, bus terminals, and other NCMC-enabled points. It includes an inbuilt offline wallet that can be easily loaded.

Rewards Redemption Guide

• All Reward Points can be redeemed 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 select your preferred redemption option, such as merchandise, vouchers, or statement credit. The points will then be deducted from your total balance.
• Transactions that do not earn Reward Points:
  • Fuel & auto
  • Utilities
  • Insurance
  • Railways
  • Real estate/rental
  • Education
  • Wallets/service providers
  • Government services
  • Contracted services
  • Cash
  • Miscellaneous
  • Bills2Pay
  • EMI conversion of retail transactions

Card Review

The TVS Credit RBL Bank Gold Credit Card is considered a solid choice for individuals who prioritize shopping and dining benefits. With a joining fee of ₹1,500 plus taxes, it offers a robust array of benefits, including a welcome bonus on the first transaction and competitive Reward Points for both international and everyday spending. This card is positioned as a superior option compared to the TVS Credit RBL Bank Credit Card due to its extensive perks and rewards, making it a worthwhile investment despite its slightly higher cost.

Pros

• Receive 6,000 Reward Points as a welcome benefit on your first transaction within 30 days of card issuance.
• Enjoy up to ₹250 cashback on restaurant bills through EazyDiner.

Cons

• No specific travel rewards or insurance benefits are offered.
• The required average quarterly spending for lounge access is relatively high.

Important Product Details

• Complimentary lounge access is available every quarter for both domestic and international airports, subject to spending milestones.
• The card offers National Common Mobility Card (NCMC) benefits for convenient transit payments.
• Easy and seamless payments are possible through UPI linking, particularly if opted for the RuPay network variant.
• Milestone benefits are an integral part of this card's reward structure.
• A 1% fuel surcharge waiver is provided.
• The card is best suited for shopping.
• Rewards are offered in the form of Reward Points.

Other Details

• Applicants can choose their preferred network between MasterCard and RuPay for this credit card.