Zomato Edition Classic Credit Card
In March of the previous year, Zomato, the well-known food delivery platform, expanded into the fintech sector, joining other major players like Amazon, Flipkart, and BookMyShow. In partnership with RBL Bank and MasterCard, Zomato launched two new credit cards—the RBL Edition and Edition Classic cards—designed to offer exclusive dining benefits for Zomato users. The Edition card is the more premium option, while the Edition Classic card is a more affordable alternative that still provides numerous valuable rewards for food lovers. With the Zomato Edition Classic credit card, users receive a complimentary annual Zomato Pro membership, which automatically renews each year, along with a welcome bonus of 500 Edition Cash.
Edition Cash, similar to reward points, can be used for food purchases on Zomato or to offset the card’s statement balance. Each Edition Cash point is worth INR 1. Cardholders earn 5x Edition Cash for food purchases made through Zomato, and 1x Edition Cash for other eligible spends. Additionally, cardholders can accumulate up to 2,000 bonus Edition Cash annually, depending on their yearly spending. With these attractive benefits, the Zomato Edition Classic credit card is a great choice for those who regularly use Zomato for food deliveries. Read on to discover more about the additional perks of the RBL Bank Zomato Edition Classic Credit Card.
Rewards and Benefits
Fees & Charges
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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