In today’s fast-paced financial landscape, credit cards have become essential tools for managing expenses and earning rewards. Among the many options available, the RBL Classic Rewards Credit Card stands out for its compelling features and benefits. This article delves into the myriad advantages of this card, its eligibility requirements, fees, and how to make the most of your rewards.
Overview of RBL Classic Rewards Credit Card
The RBL Classic Rewards Credit Card is designed for individuals who value rewards and flexible redemption options. With this card, customers earn double redeemable reward points on every purchase, regardless of the spending category. This means whether you’re dining out, shopping for essentials, or booking travel, you can accumulate points that translate into significant savings on future purchases.
Features and Benefits of the RBL Classic Rewards Credit Card
1. Generous Reward Points Structure
One of the standout features of the RBL Classic Rewards Credit Card is its reward points system. Cardholders earn:
- 4 reward points for every ₹100 spent in India.
- 8 reward points for every ₹100 spent internationally.
This dual structure is ideal for frequent travelers and local shoppers alike, providing an excellent way to accumulate points quickly.
2. Wide Range of Redemption Options
The accumulated reward points can be redeemed for a plethora of options, including:
- Flight tickets
- Hotel stays
- Shopping vouchers
This flexibility allows cardholders to choose rewards that best suit their needs, making every purchase more rewarding.
3. Enhanced Security Features
The RBL Classic Rewards Credit Card incorporates an EMV chip that ensures secure transactions. It is also PIN-enabled, adding an additional layer of security for Point-of-Sale (POS) transactions. This is particularly crucial in today’s digital age, where security is paramount.
4. Zero Lost Card Liability
In the unfortunate event that your card is lost or stolen, RBL Bank offers zero lost card liability. As long as you report the theft or loss to the bank’s 24×7 customer service, you will not be held responsible for any unauthorized transactions that occur after the report is made.
5. Additional Benefits
The RBL Classic Rewards Credit Card is not just about earning points; it also provides additional perks that enhance the overall experience:
- Exclusive discounts and offers on various brands.
- Special promotions for specific categories, such as dining or entertainment.
Fees and Charges Associated with the RBL Classic Rewards Credit Card
Understanding the fees associated with any credit card is crucial for managing your finances effectively. The RBL Classic Rewards Credit Card offers two variants: the RBL Smart Platinum and the RBL Smart Titanium. Here’s a breakdown of the fees:
| Fee/Charge | Amount/Rate |
|---|---|
| Annual Fee | Up to ₹4,000 (Smart Platinum) |
| Up to ₹2,000 (Smart Titanium) | |
| Foreign Transaction Mark-up Fee | 3.50% |
| Finance Charges | APR up to 3.99% per month (47.88% p.a.) |
| Late Payment Fee | 15% of the total amount due (Min ₹50, Max ₹1,250) |
For detailed terms and conditions, it is advisable to visit the official RBL Bank website.
Eligibility Criteria and Documents Required
To apply for the RBL Classic Rewards Credit Card, applicants must meet certain eligibility criteria. Both residents and non-residents of India above 18 years of age can apply. Here’s a summary of the necessary documentation:
Documents Required
- Proof of Identity:
- PAN Card
- Aadhaar Card
- Driver’s License
- Passport
- Voter’s ID
- OCI or PIO Card
- NREGA Job Card
- UIDAI-issued letters
- Proof of Address:
- Aadhaar Card
- Driver’s License
- Passport
- Utility Bill (not older than 3 months)
- Ration Card
- Property Registration Document
- Bank Account Statement
- Proof of Income:
- One or two recent salary slips (not older than 3 months)
- Latest Form 16
- Last three months’ bank statement
How to Apply for the RBL Classic Rewards Card?
Applying for the RBL Classic Rewards Credit Card is a seamless process. Applicants can either:
- Visit the RBL Bank website and complete the online application form.
- Contact a bank associate, who will assist you through the application process.
Once your application is approved, the bank will dispatch your credit card within 5-7 working days.