TVS Credit RBL Bank Credit Card
The TVS Credit RBL Bank Credit Card is launched by RBL Bank in partnership with TVS Credit to provide good benefits at a low cost. It has a joining fee of ₹500 plus taxes and gives 2,000 Reward Points as a welcome gift. You can use these points to get vouchers, buy products, and enjoy other rewards. The card offers perks like Buy One Get One movie ticket offers, free railway lounge access and a fuel surcharge waiver. It can also be linked to UPI for quick and easy payments in stores or online.
This card is a good choice for those who want rewards without paying high annual fees. You can earn Reward Points on all purchases both online and offline and redeem them for gift cards or vouchers. While it does not include premium features like insurance or airport lounge access, it offers useful rewards, milestone benefits and entertainment offers which makes it a smart option for people looking for value for money.
Rewards and Benefits
Fees & Charges
What should you consider before applying for a credit card in India?
Key Considerations Before Applying for a Credit Card in India:
- Eligibility Criteria: Ensure you meet the eligibility requirements, which typically include age, income, credit score, and employment status as defined by the issuing bank or financial institution.
- Credit Score: A strong credit score can significantly improve your chances of approval and result in more favorable terms, such as lower interest rates or higher credit limits. Verify that your credit score is healthy before applying.
- Interest Rates and Fees: Compare the annual percentage rates (APR), processing fees, late payment penalties, and foreign transaction charges associated with various cards. These costs can vary widely and impact the overall value of the card.
- Rewards and Benefits: Evaluate the rewards, cashback, discounts, or other perks offered by the card to ensure they align with your spending patterns. Some cards may provide better benefits in specific categories, such as travel, shopping, or dining.
- Credit Limit: Review the credit limit offered by the card to ensure it meets your financial needs. Avoid applying for cards with excessive limits if you are concerned about managing debt, as this can lead to higher interest charges.
- Repayment Terms: Understand the repayment structure, including the minimum payment amount, payment due dates, and any associated penalties. Being clear about these terms can help you manage payments effectively and avoid interest buildup.
- Card Type and Features: Choose a card type that matches your specific needs—whether standard, premium, or specialized cards like those offering travel rewards or dining privileges. Ensure the features of the card align with your lifestyle and spending habits.
- Bank’s Reputation: Opt for a financial institution with a proven reputation for customer service and transparency. Consider researching customer reviews and assessing their support channels to ensure reliable service.
- Hidden Charges: Be aware of any hidden fees, including annual fees, balance transfer charges, foreign transaction fees, or cash withdrawal charges. These can add up over time and affect the overall cost-effectiveness of the card.
- Credit Utilization: Maintain a balance within your credit limit to avoid high credit utilization ratios, which can negatively impact your credit score. Responsible use of credit is essential for maintaining financial health.
- Long-Term Financial Plans: Consider how the credit card fits into your overall financial strategy. Avoid accumulating unnecessary debt and choose a card that supports your long-term financial goals without adding financial strain.
TVS Credit RBL Bank Credit Card: Features, Benefits & Rewards
The TVS Credit RBL Bank Credit Card is designed for those who want a rewarding and convenient credit card experience. With reasonable joining and renewal fees, this card is ideal for shopping, entertainment, travel, and everyday spending. It comes with multiple benefits, including reward points, milestone bonuses, fuel surcharge waivers, movie offers, and UPI compatibility.
Reward Points and Redemption
Cardholders earn Reward Points on every eligible transaction:
- 1 point for every ₹100 spent on offline or PoS purchases
- 2 points for every ₹100 spent on online or e-commerce purchases (capped at 1,000 points per month)
Points are credited monthly and can be redeemed through the RBL Rewards Portal for vouchers, merchandise, or statement credit. Each Reward Point is valued at ₹0.25, giving users flexible ways to enjoy their rewards.
Note: Transactions in categories like fuel & auto, utilities, insurance, railways, rentals, education, wallets, government services, cash, Bills2Pay, and EMI conversions do not earn Reward Points.
Welcome Benefits
New cardholders enjoy 2,000 Bonus Reward Points on their first transaction within 30 days of card activation. Points can be redeemed for gift cards and vouchers, making the card instantly rewarding from day one.
Milestone Benefits
The card also rewards loyal users with milestone bonuses:
- Earn 2,000 Reward Points on annual spending of ₹1.5 lakh
- Points can be redeemed for vouchers, gift cards, and products via the RBL Rewards Portal
Exclusions: Certain categories like fuel, utilities, insurance, railways, rentals, education, wallets, government services, cash, Bills2Pay, and EMI conversions are excluded from milestone calculations.
Entertainment Perks
Movie lovers get a buy-one-get-one-free offer up to ₹200 on tickets booked through BookMyShow. The offer applies once a monthly spending milestone of ₹10,000 is reached. Users can avail one free ticket or a discount of ₹200 when booking two or more tickets.
Fuel Surcharge Waiver
Regular fuel spenders benefit from a 1% fuel surcharge waiver, up to ₹100 per month, on transactions between ₹400 and ₹5,000.
Railway Lounge Access
Primary cardholders get one free Executive lounge access per calendar quarter at select railway stations. The lounge offers:
- 2-hour stay
- Buffet meals and tea/coffee
- Newspapers and magazines
- Changing room access
A nominal fee of ₹2 applies for lounge access. Add-on cards are not eligible for this benefit.
NCMC Feature
The card comes with National Common Mobility Card (NCMC) functionality, allowing cardholders to make tap-and-go payments at metro stations, bus terminals, and other transit points. The inbuilt offline wallet has a maximum limit of ₹2,000.
Credit Card on UPI
Being a RuPay card, it can be linked with popular UPI apps like BHIM, Google Pay, and PhonePe. Users can make payments directly from their smartphone without needing a physical card, making transactions fast and hassle-free.
Key Features in Brief
- Reward Points on both online and offline purchases
- Welcome bonus and milestone rewards
- BOGO movie ticket offer
- Fuel surcharge waiver
- Complimentary railway lounge access
- NCMC tap-and-pay feature
- UPI compatibility for easy payments
TVS Credit RBL Bank Credit Card Review
The TVS Credit RBL Bank Credit Card is a good choice for people who enjoy shopping and simple lifestyle benefits. It offers reward points, milestone bonuses, movie discounts, railway lounge access, and fuel savings. UPI and NCMC support make daily payments easy and quick. Even though it does not include insurance or airport lounge access, it is still a value-for-money card that helps users earn rewards on everyday spending.
What are the roles of TVS Credit Services and RBL Bank for this card?
TVS Credit Services is the partner that helps in sourcing and co-branding the TVS Credit RBL Bank Credit Card and Gold Credit Card. RBL Bank handles the approval, issuing, and management of these cards as per its policies. For any help or queries, you can call RBL Bank at 022 62327777 or email cardservices@rblbank.com.
What rewards and benefits does the card offer?
You can earn Reward Points on different spends like shopping, travel, and movies. The card also gives perks like movie ticket offers, travel benefits, and more.
Can I connect my TVS Credit RBL Bank Credit Card to UPI?
Yes, you can easily link this card with UPI for fast and simple payments both online and offline.
What is the NCMC benefit on this card?
The National Common Mobility Card feature lets you make quick payments at places like metro stations and bus terminals by simply tapping the card on the reader.
Are there any fees for add-on cards?
No, there are no charges for getting an add-on card.
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