RBL Bank ShopRite Credit Card Review

General Information

Rewards and Benefits

Fees and Charges

Summary

Welcome Benefit of 2,000 bonus Reward Points. Earn 1 Reward Point for every Rs. 100 spent on retail purchases. Earn 20 Reward Points for every Rs. 100 spent on groceries. Enjoy a 10% discount on movies with Bookmyshow. Annual fee waived based on spending. Get a 1% waiver on fuel surcharge.

The RBL Bank ShopRite Credit Card is a suitable option for individuals who enjoy shopping.

With a joining fee of Rs. 500 + GST and a renewal fee of Rs. 500 + GST, this card offers several benefits for those who frequently engage in retail spends.

One of the key features of this card is its reward points system.

Cardholders can earn 1 Reward Point for every Rs. 100 spent on retail purchases, while grocery purchases provide a higher reward rate of 20 points.

These accumulated points can be redeemed for a variety of rewards, subject to a redemption fee of Rs. 99 + GST per request.

In terms of welcome benefits, new cardholders are rewarded with 2,000 bonus Reward Points.

Additionally, movie enthusiasts can enjoy a 10% discount (up to Rs. 100) on movies through Bookmyshow, with a 15-time usage limit per year.

While this credit card does not offer specific travel benefits such as lounge access or golfing privileges, it does provide a waiver of the annual fee based on the amount spent in the previous year.

This spend-based waiver is a convenient feature for cardholders who utilize their card frequently.

On the downside, the RBL Bank ShopRite Credit Card imposes a foreign currency markup fee of up to 3.5% on all international transactions.

This higher fee may deter frequent international travelers from using this card for their overseas expenses.

The interest rate on this credit card can reach up to 3.99% per month, which is comparatively high and should be taken into consideration by potential cardholders.

However, there is a 1% fuel surcharge waiver on transactions between Rs. 400 and Rs. 5,000, which can be beneficial for individuals who frequently use their card to purchase fuel.

For cash advances, the card charges the higher of 2.5% of the withdrawn amount or Rs. 100.

It is important for cardholders to keep this in mind to avoid unnecessary fees.

In conclusion, the RBL Bank ShopRite Credit Card is an attractive option for individuals who are avid shoppers and desire a credit card that offers reward points for retail and grocery purchases.

While it lacks certain travel benefits and imposes fees on foreign currency transactions, its waived annual fee based on spend can be advantageous for frequent users.