RBL Bank
RBL Bank ShopRite Credit Card
4.2 / 5mastercard · visa · rupay
- Joining fee
- —
- Annual fee
- ₹500
- Base reward
- 0.25%
- Min income
- —
- Forex markup
- 3.5%
- Interest p.a.
- 47.88%
Where it earns
| Category | Rate | Monthly cap |
|---|---|---|
| Groceries | 5% | ₹1,000 |
Benefits
- ▸5% value-back on grocery/supermarket spends (capped)
- ▸10% off up to Rs.100 on BookMyShow, 15 times per calendar year
- ▸1% fuel surcharge waiver (Rs.500-4,000 txns, max Rs.100/month)
- ▸EMI conversion facility
- ▸Successor card onto which RBL migrated discontinued Edition/LazyPay cardholders
The good
- + Up to 5% value-back on groceries (20 RP/Rs.100 at Rs.0.25/point)
- + Low Rs.500 annual fee, easily waived at Rs.1.5 lakh annual spend
- + Welcome bonus of 2,000 RP (~Rs.500) offsets first-year fee
- + BookMyShow movie discount and fuel surcharge waiver
The catch
- − Grocery cap is low (1,000 RP/month, hit at ~Rs.5,000 spend)
- − Rs.99 + GST redemption fee per request erodes value
- − Weak 0.25% base rate; many excluded categories (fuel, rent, utilities)
- − Point value drops to ~Rs.0.11 on popular vouchers in practice; no lounge access