RBL Bank ShopRite Credit Card
Gaurav
If you're looking for a credit card that helps you save on daily purchases, the RBL Bank ShopRite Credit Card is a great choice. It gives you rewards on grocery shopping and discounts on movie tickets when booked through Bookmyshow. There's no annual fee, and you’ll get a welcome bonus of 2,000 Reward Points when you make your first purchase within 30 days.
The card lets you earn up to 20 Reward Points for every Rs. 100 spent. You can use these points for different rewards. To find out more about the benefits, fees, and charges of the RBL Bank ShopRite Credit Card, keep reading.
Rewards and Benefits
Rewards Rate
Earn 1 Reward Point for every Rs. 100 spent on retail purchases and 20 Reward Points on grocery shopping.
Reward Redemption
Redeem your rewards at RBL Rewards, where 1 Reward Point (RP) equals Rs. 0.25.
Movie & Dining
Enjoy a 10% discount (up to Rs. 100) on movie tickets via Bookmyshow, available up to 15 times a year.
Travel
N/A
Golf
N/A
Domestic Lounge Access
N/A
International Lounge Access
N/A
Insurance Benefits
N/A
Fees & Charges
Interest Rates
As high as 3.99% per month.
Spend-Based Waiver
N/A
Rewards Redemption Fee
Rs. 99 + GST
Cash Advance Charges
A fee of either 2.5% of the cash withdrawn or Rs. 100, whichever is higher.
Foreign Currency Markup
3.50% +GST
Fuel Surcharge
Get a 1% fuel surcharge waiver on transactions ranging from Rs. 400 to Rs. 5,000.
What should you consider before applying for a credit card in India?
Before applying for a credit card in India, consider the following factors:
- Eligibility Criteria: Check the age, income, credit score, and employment status requirements set by the bank or financial institution.
- Credit Score: A higher credit score increases your chances of approval and may result in better offers. Ensure your credit score is in good standing.
- Interest Rates and Fees: Compare annual percentage rates (APR), processing fees, late payment penalties, and foreign transaction fees. These can vary significantly between cards.
- Rewards and Benefits: Look for cards that offer rewards, cashback, discounts, or other perks that align with your spending habits.
- Credit Limit: Make sure the credit limit offered is in line with your financial needs. Avoid over-borrowing, which can lead to high-interest charges.
- Repayment Terms: Understand the repayment options, minimum payment amount, and due dates. Consider how easily you can manage timely payments to avoid interest accumulation.
- Card Type and Features: Choose a card type (e.g., standard, premium, travel, etc.) based on your requirements. Some cards offer more benefits for specific categories like travel, shopping, or dining.
- Bank’s Reputation: Opt for a bank with a good track record of customer service and transparency. Read reviews and consider their customer support accessibility.
- Hidden Charges: Be aware of any hidden fees, such as annual fees, balance transfer charges, and cash withdrawal fees.
- Credit Utilization: Ensure you can manage your spending within the credit limit to maintain a healthy credit utilization ratio, which impacts your credit score.
- Long-Term Financial Plans: Think about how the credit card will fit into your long-term financial goals and avoid accumulating unnecessary debt.
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