RBL Bank MoneyTap Credit Card

Features and Benefits of RBL Bank MoneyTap Credit Card

The features and benefits of RBL Bank MoneyTap credit card are mentioned below: 

1. The card comes at an annual membership fee of Rs.499 plus taxes from the first year onwards.
2. The reward redemption fee levied for redemptions made in a single day is Rs.99 plus GST (Goods and Services Tax).
3. Offers accelerated reward points on online transactions.
4. The card offers monthly cashbacks on movies and Zomato.
5. On achieving the annual spending milestone, the card offers Amazon voucher.
6. Cardholders can also avail themselves of fuel surcharge waiver.
7. On first wipe or activation of the RBL Bank MoneyTap credit card, cardholders will earn 2000 reward points.
8. This card is equipped with the unique MoneyTap Credit Line facility that enables the cardholder to use credit as they like. They can use the MoneyTap app to transfer funds to their bank account and use the RBL MoneyTap credit card to make purchases.
9. Cardholders can transfer an amount of Rs.3,000 or as high as the credit limit to the bank account instantly using the MoneyTap app.
10. Cardholders can convert card spending of Rs.2,500 or more into EMIs.
11. Cardholders can keep a track of transaction history, the EMIs and credit limit using the MoneyTap app.

Note that RBL Bank MoneyTap credit card is available for both MasterCard and VISA network.

Rewards of RBL Bank MoneyTap Credit Card

The RBL Bank MoneyTap credit card offers reward points and other benefits on various transactions which are mentioned below:

1. Cardholders can earn 1 reward point each time they spend Rs.100 on all their purchases at merchant outlets.
2. Cardholders earn 2 reward points for every Rs.100 spent on online purchases.
3. Cardholders can bag a welcome bonus of 2,000 reward points on procuring/first swipe of the card.
4. The card offers 20% cashback on all Zomato orders (up to Rs.200 per month).
5. On spending more than Rs.2.50 lakh in a year, the card offers Amazon vocuher worth Rs.1000.
6. Get 1+1 free movie ticket every month up to Rs.200 at BookMyShow for Saturday and Sunday shows.
7. There is no fuel surcharge at all fuel stations on making fuel transactions between Rs.450 and Rs.4000 and maximum waiver offered per month is Rs.100.
8. On applying for first loan through MoneyTap, the cardholders will earn 1000 reward points.

Fees and Charges of RBL Bank MoneyTap Credit Card

Note: The fee will be waived off on spending Rs.2 lakh in a year.

How to Apply for RBL Bank MoneyTap Credit Card

The applicant needs to download the MoneyTap app from the Android Play Store or the Apple Store and follow the steps listed below:

1. Upload photographs of themselves, their PAN card, and their residential address as eKYC documents.
2. KYC (Know Your Customer) visit will be scheduled after pre-approval for MoneyTap’s personal line of credit for final approval after document verification.
3. The money will be transferred to the account which can withdraw at a time or as little as Rs.3000.
4. Borrowed amount can be repaid within a duration of two months to 36 months.
   

Eligibility of RBL Bank MoneyTap Credit Card

To become eligible to apply for RBL Bank MoneyTap credit card, the applicants must fulfil the below criteria:

1. Applicants should have good credit score
2. Age should be above 23 years
3. Must be self-employed or salaried individuals with a minimum take-home salary or monthly income of Rs.30,000.

Documentation required for RBL MoneyTap Credit Card

Applicants will need to upload the following documents to procure this service:

1. Duly filled credit card application form
2. Copy of their identity proof, such Aadhar, PAN card or passport.
3. Copy of proof of residence like electricity bill, phone bill, driving license, PAN, Aadhar, etc.
   
4. Photograph of the applicant.
5. Latest statement of bank account or previous three-months' salary slip.
6. For salaried individuals, Form 16 is required.

Credit cards make payments easy for all expenses online and offline while offering various benefits

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