With the RBL Bank Monthly Treats credit card, the bank targets millennials and rewards according to their requirements. The card comes with a monthly membership fee of Rs. 50, which can be waived off if you spend Rs. 3,000 or more in the previous month. As a Monthly Treats credit cardholder, you can earn upto 2 reward points on every spend of Rs. 100 and redeem these reward points against several options of your choice. Moreover, you can earn a 10% cashback on Groceries, Swiggy, BookMyShow, utility bill payments, etc, on the basis of your monthly spends. You can also save on your fuel transactions by getting the 1% fuel surcharge waived off at all fuel stations across the country. Read below to know more in detail about this credit card.
- Joining Fee- Monthly fee of Rs. 50 + GST
- Renewal Fee- Rs 50 + GST (per month)
- Best Suited For- Dining
- Reward Type- Reward Points
- Welcome Benefits- NA
Rewards and Benefits
- Movie & Dining- NA
- Rewards Rate- You get 2 reward points on every Rs 100 spent on online purchases and 1 reward point on every Rs. 100 spent on offline purchases.
- Reward Redemption- Reward points can be redeemed at www.rblrewards.com for exciting rewards and offer on your air travels, hotel bookings, and much more. 1 RP = Re. 0.25.
- Travel- NA
- Golf- NA
- Domestic Lounge Access- NA
- International Lounge Access- NA
- Insurance Benefits- NA
- Zero Liability Protection- You won’t be liable for any fraudulent transactions made on your card post reporting the loss to the bank.
Fees & Charges
- Spend based Waiver- A spend-based waiver on the monthly fee of Rs. 50 on annual spending of Rs. 3,000 or more.
- Rewards Redemption Fee- Rs. 99 per redemption request.
- Foreign Currency Markup- 3.5% on the conversion amount
- Interest Rates- 3.99% per month (47.88% per annum)
- Fuel Surcharge- 1% fuel surcharge waiver on transactions between Rs. 500 to Rs. 4,000
- Cash Advance Charge- 2.5% on withdrawal amount subject to a minimum charge of Rs. 300
- Add-on Card Fee- Nil
Product Details
- 2 reward points on every Rs 100. spent on online purchases.
- 1 reward point on every Rs. 100 spent on offline purchases
- 10% cashback on groceries every month after achieving a spend of Rs. 3,000 in a month.
- 10% cashback on BookMyShow, Bill payments, and Swiggy on spending Rs. 5,000 or more in a month.
- Spend-based waiver of monthly membership fee.
- 1% fuel surcharge waiver.
RBL Bank Monthly Treats Credit Card Rewards
- You earn 2 reward points on every Rs. 100 spent on online purchases using this credit card.
- You get 1 reward point on every Rs. 100 spent on your other purchases except fuel transactions.
Monthly Milestone Benefits
- On spending Rs 3,000 in a calendar month, you also get a 10% cashback of upto Rs. 100 on your grocery spends for the rest of the month.
- On spending a total of Rs 5,000 in a calendar month, you get a 10% cashback upto Rs. 100 per month on Swiggy, BookMyShow, utility bill payments via the RBL MyCard app. The maximum cashback is capped at Rs. 100 for each category.
Fuel Surcharge Waiver
You get a 1% fuel surcharge waiver on transactions between Rs. 500 to Rs. 4,000. You can get a maximum waiver of Rs. 100 per month on this card.
Spend-Based Waiver
The monthly membership fee of Rs. 50 is waived off if you spend Rs. 3,000 or more in the previous month.
Conclusion
RBL Bank Monthly Treats credit card is an entry-level card, which is best suited for individuals who are just going to start their credit journey. As most youngsters believe in online shopping, the card keeps their requirements in mind and provides 2x reward points on your online spends. Moreover, you also get milestone rewards on your spendings. You get 10% cashback on groceries, BookMyShow, Swiggy, etc and hence you can save a lot on these categories. If you are someone who is looking for a basic card with the maximum saving opportunities, you must go with the RBL Bank Monthly Treats Credit Card. What do you think about this credit card? Do let us know in the comments.
