RBL Bank ShopRite Credit Card: All You Need To Know

Credit cards have come a long way and are no longer mere payment cards; they are full of rewards and perks that take your shopping, dining, travel, and entertainment experiences to a whole new level. RBL Bank ShopRite Credit Card is one of such cards and it can be used for the benefit of those who are shopaholic and would like to get the best rewards on their regular expenses. Centered on entertainment benefits, shopping for groceries and rewards, there’s much to be gained with this card.

In this blog, we will take a closer look at the RBL Bank ShopRite Credit Card – its benefits, features, charges, eligibility and how it measures up to other such cards in the market. By the time you finish reading, you’ll have a sense of whether this card is a good match for your spending habits and lifestyle.

Summary of RBL Bank ShopRite Credit Card

RBL Bank ShopRite Credit Card Co-branded credit card that would appeal to grocery shoppers and regular entertainment enthusiasts. This card is tailor made for those who spend a lot on their day to day purchases and wish to earn more rewards in addition to great benefits like movie discounts, waiver on fuel surcharge etc.

RBL Bank has tie-ups with various brands and merchants which means you can enjoy some amazing rewards and discounts through their credit card – so it is a no-brainer for a shopaholic, movie-buff or foodie.

RBL Bank ShopRite Credit Card Features and Benefits

Upside

Retail spend benefits Upto 5% value back on big baskets store Mobile/internet and fuel surcharge waiver

Downside

Multi-city agreement: No store benefit Redemption is only possible through credit of rewards to the cardholder account Only online application available for this card restricts the potential customer base No airport lounge benefit No reward point value against waiver of surcharge No waiver of fuel surcharge for transaction between Rs.500-Rs.4000

BottomLine

This co-branded value backed card is designed to suit needs of users.

Joining Fee and Renewal Fee

The RBL Bank ShopRite Credit Card has a joining fee of ₹500 plus GST. This is on the low side for a premium card, so can be accessible to credit card newbies. The renewal fee (₹500 plus GST) is also applicable on the card but can be waived off if you spend ₹1.5 lakhs or more on the card in the membership year.

Reward Points on Purchases

8 Reward Points for every ₹200 spent* on groceries
4 Reward Points for every ₹200 spent on all other retail purchases
1 Reward Point for every ₹200 on categories such as insurance, utilities, and education

This will enable you to earn points on a wide range of other purchases, making it a solid offering for anyone that spends on groceries, shopping and other everyday costs. Further, redeemable rewards such as merchandise/gift vouchers/flight/hotel bookings etc... may be obtained using the reward points.

Fuel Surcharge Waiver

RBL Bank ShopRite Credit Card also comes with the fuel surcharge waiver, which is very appealing. Customers get 1% fuel surcharge waiver on transactions between ₹500 to ₹4,000 up to ₹100 per month. This is a nice bonus for folks who drive a lot and need to fill up, and it’s easy savings on one of the costs most people incur.

Movie Ticket Discount

For cinema goers, the RBL Bank ShopRite Credit Card provides 10% off on movie tickets on BookMyShow, maximum up to ₹100 per month. This offer is repeatable up to 15 times per year, so it’s a valuable benefit for anyone who likes to hit the theater on a frequent basis.

Reward Points Redemption

Customers can also use reward points to make purchases for the points in the RBL Rewards Portal. The rewards can be used to purchase items such as flight bookings, hotel nights, goods from a catalogue and gift cards. Cash Redemption: You can redeem your reward points against Cash by calling 18002660130. 100 Reward Points = ₹25. Note: Reward Points also are known as Edge Points Reward points are valid only for 3 years from the date of accumulation.

It is easy to redeem reward points, and the cardholder can do the same online using the portal or RBL’s mobile app. And this flexibility means you can maximize the value of your earned points.

Other Perks of RBL Bank ShopRite Credit Card

Comprehensive Insurance Coverage

RBL ShopRite Credit Card offers you features like purchase protection and credit shield insurance. If you buy eligible items with your card, they are insured against theft or damage for a limited time. Moreover, the credit shield insurance also compensates for the balance unpaid in the event of any accidental death of the primary cardholder.

This insurance coverage provides extra peace of mind to cardholders, particularly when buying something expensive, or when they are traveling.

Easy Bill Payment Facility

Use your RBL ShopRite Credit Card to pay you utility bill through Easy Bill Pay. This functionality enables you to pay the bills of electricity, mobile, gas and the like using the card. It’s a time and effort saving convenience, and you’ll never have to worry about your bills being paid on time.

Balance Transfer Facility

The card also features a balance transfer option with which you can transfer an existing balance from another credit card to the RBL ShopRite Credit Card, to then pay it off at lower interest rates. That could potentially be a useful aspect if you have high-interest credit card debt, for example, and you want to consolidate that into one payment at a much lower fee.

Flexipay

Card members can convert their expensive purchases to monthly installments with Flexipay option. If you purchase for ₹2,500 or more, you will be eligible for EMI options with tenures of 3, 6, 9, 12, 18 and 24 months. It’s an excellent choice if you are needing to make a large purchase and can’t afford to pay it off all at once.

Fees and Charges

RBL ShopRite Credit Card Fees and Charges Here are a few fees and charges that come with your RBL ShopRite Credit Card and you must be aware of:

• Joining Fee: ₹500 + GST
  
  
• Renewal Fee: ₹500 + GST (waived on spends of ₹1.5 lakh)
  
  
• Cash Withdrawal Fee: 2.5% (min. ₹300)
  
  
• Foreign Currency Exchange Fee: 3.5% of transaction value
  
  
• Late Payment Fee: 12.5% of overdue amount (minimum AED 100 and maximum AED 400) 5. ₹50 and max. ₹1,000)
  
  
• Fuel Surcharge: 1% (Max.500 to ₹4,000 fuel transaction) on petrol pumps. ₹100/month)
  
  

These fees are common for a mid-tier credit card, and the card includes a few opportunities to earn rewards and perks that make those fees worthwhile.

Eligibility Criteria

RBL ShopRite Credit Card Eligibility To be eligible for ShopRite RBL credit card you need to have:

• Age : Applicant should be 21-60 years of age.
  
  
• Income: Minimum net monthly income should be ₹50,000 (for salaried). For self-employed, minimum annual income is to be ₹7.5 lakh.
  
  
• Loan due credit score: You will need to have a good credit score( usually above 750) to improve the chances of getting your loan approved.
  
  

If you fulfill the eligibility criteria, you can apply for the card online or visit your nearest RBL branch.

How Does RBL ShopRite Compare to Other Credit Cards?

When looked at in comparison with similar credit cards available in the market, RBL ShopRite Credit Card provides with a good blend of rewards, lifestyle benefits, affordable fees. This card is more attractive for the ones who like to spend a lot on grocery, because of its good rewards rate of 8 Reward Points for every ₹200 spent on grocery.

It is more like cards such as SBI SimplySave Credit Card or HDFC Regalia Credit Card with grocery rewards and movie discounts and a fairly good chance to get annual fee waived off with decent spends of ₹1. But it does not provide the kind of travel benefits that the HDFC Regalia Credit Card has to offer, which is why it makes more sense for average spenders and those who love to spend on entertainment.

Final Thoughts

The RBL ShopRite Credit Card is a great choice for those who spend a good bit of their income of groceries, entertainment and daily expenses. This is the best value for money card that comes with 3x rewards on groceries, movie discounts and fuel surcharge waiver. Furthermore, the annual fee is waived for high spenders and the simple reward points redemption make it an easy card to use for beginners and veteran credit card users.

If you are a shopper who loves to dine out and go to the movies and get rewards in the process, this credit card should find a home in your wallet.