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https://www.rblbank.com/product/credit-cards/mo...
Welcome Benefit
- Get rewarded with 12000 reward points on making your first credit card transaction within 30 days of Card setup and payment of Line setup fee
Accelerated Reward Earning
- You earn 2 Reward Points for every Rs. 100 spent on all your purchases like travel, groceries, dining and even your electricity bill
- Get 5X Reward Points i.e. 10 Reward Points for every Rs. 100 spent online, up to 500 Reward Points in a month
Monthly Benefit
- Get 1000 Reward Points every month on making atleast 5 transactions of Rs. 1000 or more
Complimentary Airport Lounge Access
- Enjoy free visits to domestic airport lounges, up to 1 visit per calendar quarter
Bonus Rewards
- Get 8000 Reward Points on annual online spends of Rs. 2.5 lacs
- Get additional 8000 Reward Points on crossing annual online spends of Rs. 4 lacs
Fees & Charges
- MoneyTap Black comes with a Limit setup fee of Rs. 3000 plus taxes
- Annual Membership fee of Rs. 3000 plus taxes will be applicable from second year onwards
Note — 4 RP= Rs. 1
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What are the reward options ?
min salary req..? process to apply?
Download MoneyTap App -
https://play.google.com/store/apps/details?id=c...
Available Cities
●Delhi, NCR (Delhi, New Delhi, Noida, Greater Noida, Faridabad, Ghaziabad, Gurgaon)
●Mumbai (Mumbai, Navi Mumbai, Thane), Pune, Kolhapur, Nagpur, Nashik
●Hyderabad & Secunderabad
●Tirupati
●Lucknow
●Ahmedabad, Vadodara, Anand, Rajkot, Surat, Bharuch
●Haridwar, Dehradun
●Chennai, Coimbatore, Salem, Erode
●Bangalore, Mangalore
●Jaipur, Jodhpur
●Kolkata
●Chandigarh, Mohali, Panchkula, Ambala
●Indore, Bhopal
●Visakhapatnam (Vizag), Vijayawada(Expanding soon!)
●Kochi.
Eligibility
●Minimum salary: in-hand salary of ₹20,000/month
●Minimum age: 23 years or above and below 55 yrs
Amex Gold is better than this, isn’t it?
Lounge access is missing in amex
How?
is there a minimum spend criteria to waive off yearly fees ??
My Analysis:
if used wisely, one can earn upto 34000 reawrd points a minimum spent of 4 lac. i.e. 8.5 in a year but if fees is not waived off, then cashback earned is 5.5k on a spent of 4 lac i.e. 1.37% cashback. this is best case scenario. if one spent less than 4 lac or not earn montly rewards then cashback would be much lower.
3000 in yearly fees makes this card on par (or slightly better) with others since there are sub limits to rewards that we can earn.
First year fee is compensated by 12000 Reward points worth Rs.3000 (Rs.540 gst to be paid)
Rewards point conversion is 8200 reward points for 2000 Amazon gv. So if we consider 3% discount on Amazon gv then it would be rs 1940 on 8200 points
8900.
.
So many conditions and high annual fees without waiver. SBI Simply Click would be much better.
Referral please
Rbl delight and maxima are better than this.
How?
RBL card has minimum age requirement. Even RBL bajaj Finersv supercard require minimum 25 age. That is available all over india I suppose.
Yes, minimum age requirement is 23 for this CC. But it is not available all over India.
Online transactions – 2.5% value back
+
Monthly bonus 1000 RP (= Rs. 250) on 5 txn of Rs.1000 i.e 5% Value back