Introducing the RBL Bank Paisa On Demand Credit Card – a card that offers exciting rewards and benefits for your everyday spending. Here are the key features in a rephrased format:
Rewards Rate:
- Earn 2 reward points for every ₹100 spent on all online purchases.
- Earn 1 reward point for every ₹100 spent on all other purchases.
Welcome Benefits:
Enjoy a welcome bonus of 2,500 reward points when you get your RBL Bank Paisa On Demand Credit Card.
Fee:
The annual fee for this credit card is ₹500.
Movie Offer:
As a cardholder, you can avail a fantastic movie offer. Buy one movie ticket and get another one absolutely free every month, with a maximum discount of ₹200. This offer is available at BookMyShow, giving you a great opportunity to enjoy your favorite movies with a loved one.
The RBL Bank Paisa On Demand Credit Card is designed to provide you with rewards, convenience, and entertainment benefits. It rewards you for your online and offline purchases, offers a generous welcome bonus, and lets you enjoy movies with the buy one, get one offer.
Benefits of RBL Paisa On Demand Credit Card
Enjoy these amazing benefits with your RBL Bank Paisa On Demand Credit Card:
1. Bonus Rewards: Earn a bonus of 2000 rewards for every ₹1 lakh spent on your card purchases, up to 10 times in a year.
2. Movie Offer: Get a buy one, get one movie ticket every month, up to ₹200, when you book through BookMyShow.
3. Online Purchase Rewards: Earn 2 reward points for every ₹100 spent on all online purchases.
4. General Purchase Rewards: Earn 1 reward point for every ₹100 spent on all other purchases.
5. First Online Purchase Bonus: Receive 1000 reward points on your first online purchase made with the credit card.
6. First Merchant Outlet Purchase Bonus: Get 1000 reward points on your first purchase at a merchant outlet using the credit card.
7. First Loan Bonus: Earn 500 reward points when you avail your first loan through Paisa On Demand.
8. EMI Conversion: Convert your card spends of ₹3,000 or higher into easy monthly installments (EMI).
With the RBL Bank Paisa On Demand Credit Card, you not only earn rewards on your purchases but also enjoy special bonuses and movie offers. Additionally, you have the flexibility to convert your higher spends into convenient EMIs.
Fees and Charges
Here are the fee details of the RBL Bank Paisa On Demand Credit Card:
Joining Fee: ₹500
From the second year onwards: ₹500
Annual Fee Waiver: Spend ₹1 lakh in the previous year to get your annual fee waived off.
Interest Rates:
Cash Withdrawal Interest: 3.99% per month
Purchase Interest: 3.99% per month
Other Charges:
Late Payment Charges: 15% of the total amount due, subject to a minimum of ₹50 and a maximum of ₹1,000.
Penalty for Over Limit: ₹600
Cash Advance Transaction Fee: 2.5% of the cash amount, subject to a minimum of ₹300.
Fuel Transaction Charge: 1% surcharge on the fuel transaction value, subject to a minimum of ₹10.
Fee for Foreign Currency Transaction: 3.50% of the total transaction value.
Cash Payment Fee: ₹250.
With the RBL Bank Paisa On Demand Credit Card, there is an initial joining fee and an annual fee from the second year onwards. However, you can have your annual fee waived off by meeting the spending requirement. Additionally, there are charges for late payment, over limit, cash advance, fuel transactions, foreign currency transactions, and cash payments.
Eligibility
To be eligible for the RBL Bank Paisa On Demand Credit Card, the applicant should meet the following criteria:
1. Employment Type: The applicant should be either self-employed or salaried.
2. Age Requirement: The applicant’s age should be between 21 years and 65 years.
3. Good Credit Score: The applicant should have a good credit score. This indicates a healthy credit history and responsible financial behavior.
Meeting these eligibility criteria increases the chances of approval for the RBL Bank Paisa On Demand Credit Card.
Documentation for RBL Bank Paisa On Demand Credit Card
To apply for the RBL Bank Paisa On Demand Credit Card, you will need to provide the following documents as part of the KYC (Know Your Customer) process:
1. Proof of Identity (Any one of the following):
– PAN Card
– Aadhaar Card
– Voter’s ID Card
– Passport
– Driving Licence
2. Proof of Address (Any one of the following):
– Aadhaar Card
– Passport
– Utility bills (not more than 3 months old)
– Any other government-approved ID
3. Proof of Income (Any one or a combination of the following):
– Bank statement for the last 3 months
– Salary slips for the last 3 months
– Audited financials for the last two years (for self-employed individuals)
– Form 16 (for salaried individuals)
Please note that these are the commonly accepted documents, and additional documents may be required based on the bank’s discretion and your specific circumstances.
Submitting the required documentation is essential to verify your identity, address, and income, which are important factors in the credit card application process.
Frequently Asked Questions (FAQs) about RBL Bank Paisa On Demand Credit Card:
1. How can I apply for the RBL Bank Paisa On Demand Credit Card?
You can apply for the RBL Bank Paisa On Demand Credit Card by visiting the official website of RBL Bank or by visiting the nearest RBL Bank branch. You can also apply through online credit card aggregators or by contacting the bank’s customer service.
2. What is the annual fee for the RBL Bank Paisa On Demand Credit Card?
The annual fee for the RBL Bank Paisa On Demand Credit Card is ₹500. However, the annual fee can be waived off if you spend ₹1 lakh or more in the previous year.
3. What is the cash withdrawal interest rate for this credit card?
The cash withdrawal interest rate for the RBL Bank Paisa On Demand Credit Card is 3.99% per month. This is applicable when you withdraw cash using your credit card from an ATM or through any other cash advance facility.
4. Is there a penalty for late payment?
Yes, there is a penalty for late payment. The late payment charges for the RBL Bank Paisa On Demand Credit Card are 15% of the total amount due, subject to a minimum of ₹50 and a maximum of ₹1,000.
5. Can I use the RBL Bank Paisa On Demand Credit Card for international transactions?
Yes, the RBL Bank Paisa On Demand Credit Card can be used for international transactions. However, a foreign currency transaction fee of 3.50% of the total transaction value will be applicable.
Conclusion:
The RBL Bank Paisa On Demand Credit Card offers a range of rewards and benefits such as bonus reward points, movie ticket offers, and the flexibility to convert purchases into EMIs. It requires a nominal joining fee and has the potential for an annual fee waiver based on spending. It is important to carefully review the fees, interest rates, and terms and conditions associated with the card before applying. Ensure that you meet the eligibility criteria and have the necessary documentation ready for a smooth application process.
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