RBL Bank has introduced the RBL Popcorn Credit Card, designed specifically for movie enthusiasts. With this card, you can enjoy a range of exclusive benefits related to movies, along with additional perks that cater to everyday financial needs. This guide offers a detailed breakdown of the card’s features, benefits, fees, and how to apply.
Features and Benefits of RBL Popcorn Credit Card
Welcome Benefits
As a welcome gesture, the RBL Popcorn Credit Card offers cardholders a BookMyShow gift voucher worth Rs. 1000. This can be redeemed in two transactions, each worth Rs. 500, allowing you to purchase up to two tickets per transaction. If you’re a movie buff, this is a delightful bonus to kick-start your journey with RBL Bank.
Weekly Cashback Rewards
Cardholders can earn guaranteed cashback every week! By spending Rs. 2500 from Monday to Sunday, you qualify for Rs. 25 cashback weekly. This feature encourages regular use of the card and offers small but consistent savings throughout the year.
Movie Benefits
One of the standout features of the RBL Popcorn Credit Card is its movie benefits. If you spend Rs. 5000 in a month, you are eligible for a Rs. 500 discount on movie tickets or a maximum of two free movie tickets, whichever option provides better value. This offer keeps your movie nights affordable and enhances your overall entertainment experience.
Fuel Surcharge Waiver
If you’re using your card for fuel purchases, you’re in for an added advantage. The card provides a fuel surcharge waiver of up to Rs. 100 per month for fuel transactions between Rs. 500 and Rs. 4000. This ensures that your regular fuel expenses are reduced, contributing to additional savings.
Annual Membership
The RBL Popcorn Credit Card comes with an annual membership fee of Rs. 1000, excluding taxes. However, the numerous benefits offered by the card easily offset this cost, especially for individuals who frequently spend on movies and fuel.
Global Acceptance
The card enjoys worldwide acceptance, making it an ideal companion for international travelers. Whether you’re shopping online or making in-store purchases abroad, the RBL Popcorn Credit Card is widely recognized across global networks.
RBL Popcorn Credit Card vs Other Credit Cards
If you’re comparing options, it’s useful to know how RBL Popcorn Credit Card stacks up against similar movie-themed credit cards from other banks. Here are some competitive options:
Kotak Bank PVR Platinum Credit Card
- Annual Fee: Rs. 999
- Movie Benefits: Two free movie tickets every month for spending Rs. 10,000 in a month.
HSBC Visa Platinum Credit Card
- Annual Fee: Nil
- Movie Benefits: BookMyShow voucher worth Rs. 500 on spending over Rs. 50,000 in a calendar month.
Kotak Bank PVR Gold Credit Card
- Annual Fee: Rs. 499
- Movie Benefits: One free movie ticket every month for spending Rs. 7500 within the billing cycle.
Kotak Bank Delight Platinum Credit Card
- Annual Fee: Rs. 299
- Movie Benefits: 10% cashback on movie tickets if you spend Rs. 10,000 in any category except dining and entertainment.
Each of these cards has its unique set of benefits, but the RBL Popcorn Credit Card stands out for its low spending threshold to enjoy movie perks and its weekly cashback feature.
Fees and Charges of RBL Popcorn Credit Card
The RBL Popcorn Credit Card comes with some fees that you should be aware of:
- Annual Fee: Rs. 1,000
- Late Payment Fee: 12.5% of the outstanding amount (with a minimum of Rs. 5 and a maximum of Rs. 1,300)
- Finance Charges: Up to 3.99% per month (equivalent to 47.88% per annum)
These charges are relatively standard across credit cards, but it’s important to always pay your dues on time to avoid incurring unnecessary interest and penalties.
Eligibility Criteria for RBL Popcorn Credit Card
To be eligible for the RBL Popcorn Credit Card, applicants must meet the following requirements:
- Occupation: Both salaried and self-employed individuals can apply.
- Minimum Income (Salaried): Greater than Rs. 25,000 per month.
- Minimum Income (Self-Employed): Greater than Rs. 25,000 per month.
- Serviceable Locations: The card is available in select cities. For a complete list of serviceable locations, you can check RBL Bank’s website.
When applying, you will need to provide documentation such as proof of identity, proof of address, and proof of income, along with a duly filled application form.
How to Apply for the RBL Popcorn Credit Card
Unfortunately, the RBL Popcorn Credit Card is not available on popular financial platforms like Paisabazaar. However, you can still apply for this card through the RBL Bank website or by visiting the nearest RBL Bank branch. If you prefer the online route, simply head over to the official RBL website, fill out the required application form, and submit your documents online. The process is smooth and hassle-free.
For individuals who wish to apply in person, RBL has branches located across major cities in India. A visit to the branch will allow you to submit your application and documents directly to the bank’s representatives.
Is RBL Popcorn Credit Card Right for You?
The RBL Popcorn Credit Card is perfect for those who love going to the movies and seek regular cashback rewards. The weekly cashback offer, combined with substantial movie discounts, makes it a cost-effective choice for entertainment lovers. Additionally, the card’s fuel surcharge waiver and worldwide acceptance add extra value, especially for those who frequently travel or use their card for fuel transactions.
However, if your monthly expenses don’t align with the Rs. 5000 spend required to unlock the movie benefits, you might want to explore other credit card options that offer more flexibility.