RBL MoneyTap Credit Card Review

RBL MoneyTap Card is a unique credit card from RBL bank. It gives their customer the ability to transfer money from their card to a bank account. Also, you can use this card as a regular credit card for payments. This card comes with several other benefits like Welcome benefit, Reward benefit, Benefits on Online food order, Bonus rewards, Annual fee waiver, EMI facility, free movie tickets, etc. 

RBL MoneyTap Card

Eligibility Criteria:

  • Resident Type: Indian. 
  • For salaried person:
    • Age: 23 to 65 yrs. 
    • Income: ₹20,000 monthly (Minimum)
  • For self-employed person:
    • Age: 23 to 65 yrs. 
    • Income: ₹20,000 monthly (Minimum) 
  • Good CIBIL Score (750 or more).

Required Documents:

  • Photocopy of ID Proof (any 1)
    • Aadhar card
    • Voter Card
    • Passport
    • PAN Card
  • Photocopy of Address proof (any 1) 
    • Last 6 months bank account Statement
    • Aadhar Card 
    • Driving License 
    • Passport
    • Utility bill
  • One recent passport-sized photographs
  • Proof of income statement:
    • Salaried Person (any 1)
      •  Salary Slip of the last 3 months 
      • ITR
    • Self-employed person
      • Income tax return of the last year 
      • Proof of business
      • Latest audited financial report. 

Fee:

  • Joining Fee: ₹499 + GST
  • Annual Fee: ₹499 + GST (Can be waived off if ₹1 lakh is spent within a year)

Benefits:

  • Welcome Benefit:

You will get up to 1000 reward points as a welcome gift on your first successful online transaction. You will also get extra 1000 reward points on your first transaction at any merchant’s outlet. 

The transaction should be done within the first 30 days of the card activation, and the reward points will be credited to your account within the first 60 days of the card activation. 

  • Reward benefit:

You can earn reward points from every transaction you make with this card. You will get 1 reward point for each ₹100 transactions made at any merchant’s outlets. Also, you will get 2 reward points for the same on online transactions. 

You can redeem your reward points for shopping, you will find a catalog of applicable categories and items at www.rblrewards.com 

  • Online food order:

You will earn 10 % savings on online pizza orders, you can also get 40 reward points. This offer is applicable only on Wednesdays, and only on online orders made on Pizza Hut or Dominos. You can earn up to 100 reward points per month. 

  • Groceries:

On every Wednesday, you will have 5% savings on your grocery bills. For each ₹100 spend with this card you will get 20 reward points also. 

  • Milestone benefit:

Every time you cross the ₹1 lakh spend mark, you will get 2000 bonus reward points. You can earn the bonus points maximum of 10 times within a year. 

  • Fund transfer:

This card gives you the power to transfer money from your card to a registered bank account. The minimum amount you can transfer is ₹3000 and the maximum amount is your credit limit. 

  • EMI facility:

With your RBL MoneyTap Card, you can convert your high-value purchases into EMI, minimum bill amount ₹3000. 

  • Entertainment:

With this card, you can get one movie ticket completely free with the purchase of another. Max ticket value:₹200, this offer is applicable on BookMyShow and the shows on Saturdays and Sundays. 

  • Lost card liability:

This card comes with no lost card liability coverage, but if you can report before any fraud transaction happens then your liability will be limited to a certain amount. 

  • Annual fee waiver:

You can get a 100% discount on your annual fee, just spend ₹1 lakh within a year, and the next year’s annual fee will be waived off. 

  • Online control:

With the RBL MoneyTap app, you can track all your spending, your EMIs and their due, all the applicable charges, and lots more.

  • EMV Chip Security:

This card comes with the latest EMV Chip that means your transactions are now more secure than before. 

  • Worldwide acceptance:

This card is accepted almost anywhere in the world, you can also use this card to purchase from any foreign e-commerce website. But you will have to pay the charge for currency conversion. 

Charges:

    • Cash Withdrawal Charge: 2.5% against the amount. 
  • Finance Charge: 3.99% monthly (at max) 
  • Foreign Currency Transaction: 3.50% against the transacted amount. 

Contact Details:

Call: 022-6232-7777

Mail: [email protected] 

Dispute Resolution Process:

In case of a lost card or any unauthorized transactions, you can follow the steps given below. 

  1. You can contact the RBL Customer service at 022-6232-7777 or you can write them at [email protected] 
  2. If you are not satisfied with their service you can contact the head of the customer service. you can write him/her at [email protected] 
  3. At the third step, you can mail the nodal officer describing your problem at [email protected] or you can call at 022-71432700. 

100xGain Ratings: 7/10

Final Opinion:

This card offers some extraordinary benefits and rewards, it offers some useful features like fund transfer and EMI facility. Especially the fund transfer feature can be very helpful for emergencies. So it can be said that it is a very good credit card for daily use and if you want to earn reward points from your card, it can be a good choice for you. 

But if you want to spend some more to earn some extra reward points then you can go for HDFC Bank Diners Club Privilege Credit Card or if you want to spend some less then you can go for IndusInd Bank PAYBACK Credit Card

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