The RBL ShopRite Credit Card is a great option for individuals who frequently spend on groceries and enjoy entertainment perks such as movie discounts. This card provides substantial rewards on specific categories, making it a useful tool for everyday spending. With a manageable fee structure and a straightforward rewards program, it is well-suited for shoppers looking to maximize their benefits in key spending areas.
Overview
| Feature | Details |
|---|---|
| Card Type | Rewards Credit Card |
| Reward Rate | 20 Reward Points per ₹100 on groceries, 10 RP on fuel, 1 RP on other spends |
| Reward Value | 1 Reward Point = ₹0.25 (can vary by redemption option) |
| Annual Fee | ₹500 + GST (waived on spending ₹1.5 lakh annually) |
| Unique Selling Points | High rewards on groceries, 10% discount on movie tickets via BookMyShow |
| Rating | ★★★★☆ (4.3/5) |
Fees and Charges for RBL ShopRite Credit Card
| Fee Type | Charges |
|---|---|
| Joining Fee | ₹500 + GST |
| Annual Fee | ₹500 + GST (waived on spending ₹1.5 lakh annually) |
| Finance Charges | Up to 3.99% per month |
| Foreign Transaction Fee | Up to 3.5% + GST |
| Cash Advance Fee | 2.5% of the amount withdrawn or ₹100 (whichever is higher) |
| Reward Redemption Fee | ₹99 + GST per redemption |
Benefits of RBL ShopRite Credit Card
This card provides several benefits, particularly for grocery shopping:
- Grocery Shopping: Earn 20 Reward Points per ₹100 spent on groceries, capped at 1,000 Reward Points per month.
- Fuel Surcharge Waiver: 1% waiver on fuel transactions between ₹400 and ₹5,000, with a maximum benefit of ₹100 per month.
- Movie Discounts: Enjoy a 10% discount on movie tickets via BookMyShow, with a limit of 15 times per year.
Welcome Benefits
| Welcome Benefit | Details |
|---|---|
| Bonus Reward Points | 2,000 Reward Points on your first spend within 30 days of card issuance |
| Additional Benefits | N/A |
Rewards from RBL ShopRite Credit Card
| Spend Category | Reward Rate |
|---|---|
| Grocery Purchases | 20 Reward Points per ₹100 spent |
| Fuel Purchases | 10 Reward Points per ₹100 spent |
| All Other Purchases | 1 Reward Point per ₹100 spent |
| Reward Value | 1 Reward Point = ₹0.25 |
| Rewards Expire in | Rewards do not expire, but value varies by redemption option |
Redemption of Points
Reward Points can be redeemed for:
- Shopping Vouchers: Options include Amazon, Flipkart, Myntra, and Titan.
- Cashback: Convert points to statement credit.
- Gift Cards: Choose from a variety of brands.
Gift Vouchers Available
Points can be redeemed for gift vouchers from popular brands, including:
- Shopping: Amazon, Flipkart, Myntra, Titan.
- Lifestyle: Woodland, Titan.
- Mobile Recharge: Available as a redemption option.
RBL ShopRite Credit Card Card Review
Editor’s Rating
Summary
The RBL ShopRite Credit Card is well-suited for frequent grocery shoppers and movie-goers. Its strong rewards on groceries and discounts on entertainment make it a valuable card for everyday use. However, it is less beneficial for those who require travel perks or lower foreign transaction fees.
Pros and Cons of RBL ShopRite Credit Card
| Pros | Cons |
|---|---|
| High rewards on grocery and fuel spending | No travel-related benefits |
| Discounts on movie tickets | High foreign transaction fee |
| Annual fee waiver on spending ₹1.5 lakh annually | Low rewards on other categories |
Cards Similar to RBL ShopRite Credit Card
| Feature | RBL ShopRite Credit Card | Axis Bank ACE Credit Card | HDFC MoneyBack Credit Card |
|---|---|---|---|
| Annual Fee | ₹500 + GST | ₹499 + GST | ₹500 + GST |
| Cashback/Reward Rate | Up to 5% on groceries | Up to 5% on select categories | Up to 5% on online spends |
| Reward Value | 1 RP = ₹0.25 | Direct cashback | 1 CashPoint = ₹1 |
| Special Benefits | High rewards on groceries | High cashback on utility payments | Dining discounts, fuel waiver |
FAQ
What is the annual fee for the RBL ShopRite Credit Card?
The annual fee for the RBL ShopRite Credit Card is ₹500 + GST, which is waived if you spend ₹1.5 lakh or more in a membership year.
How can I earn Reward Points with the RBL ShopRite Credit Card?
You can earn 20 Reward Points per ₹100 spent on groceries, 10 Reward Points per ₹100 spent on fuel, and 1 Reward Point per ₹100 spent on all other purchases.
What is the value of each Reward Point?
Each Reward Point is typically worth ₹0.25 when redeemed. However, the value may vary depending on the redemption option.
Does the card offer any travel benefits?
No, the RBL ShopRite Credit Card does not offer travel-related benefits such as lounge access or travel insurance.
How do I redeem my Reward Points?
Reward Points can be redeemed on the RBL rewards portal for various options, including shopping vouchers, cashback, and more. There is a ₹99 + GST fee per redemption request.
Are there any caps on earning Reward Points with the RBL ShopRite Credit Card?
Yes, there are caps on earning points for specific categories. For instance, you can earn up to 1,000 Reward Points per month on grocery purchases. For other categories, like fuel and retail spends, there may be different earning limits, so it’s important to review the terms and conditions for specific details.
Does the RBL ShopRite Credit Card offer any welcome bonuses?
Yes, new cardholders receive 2,000 Reward Points as a welcome bonus when they make their first spend within 30 days of card issuance. This is a great way to kickstart your rewards accumulation.
What is the redemption fee for Reward Points?
The RBL ShopRite Credit Card charges ₹99 + GST for each redemption request. This fee is applied when you redeem your Reward Points for vouchers, cashback, or other rewards.
Can I use the RBL ShopRite Credit Card for international transactions?
Yes, you can use this card for international transactions, but it carries a foreign transaction fee of up to 3.5% + GST on the transaction amount. This is something to consider if you frequently make purchases in foreign currencies.
How does the movie discount work with the RBL ShopRite Credit Card?
The card offers a 10% discount on movie tickets booked through BookMyShow, capped at ₹100 per transaction. This discount is available 15 times per year, making it a good option for regular moviegoers.
