RBL ShopRite Credit Card is a mid-tier credit card issued by RBL Bank in India. This card caters to budget-conscious individuals. Those who want to earn rewards for grocery shopping can go for this credit.
CardType:- Reward
Fees:
- Joining Fee: 500 + Applicable Taxes
- Annual Fee: 500 + Applicable Taxes
- The fee is waived upon spending INR 1.5 lakhs in the previous year.
Rewards:
- Earning:
- Earn 1 Reward Point for every Rs. 100 spent on retail purchases (excluding certain categories like fuel, railways, utilities, rentals, and miscellaneous).
- Bonus points for specific actions.
- 50 extra Reward Points for registering for the e-bill facility.
- Get 2000 reward points on paying the joining fees.
- Redemption:
- Redeem reward points for various options through the RBL reward program portal:
- Travel tickets
- Merchandise
- Gift vouchers
- Statement credit
- 500 reward points are required for redemption.
- 1 Reward Point = Rs. 0.25 conversion rate.
- Redeem reward points for various options through the RBL reward program portal:
Benefits:
- Grocery Rewards:
- Earn 5% value back on grocery spending.
- Maximum of 1,000 reward points earned per month on groceries.
- Receive 20 reward points for every INR 100 spent on groceries each time you use your card.
- Fuel Surcharge Waiver:
- Get a 1% waiver on fuel surcharge for transactions between Rs. 400 and Rs. 4,000 (maximum benefit Rs. 400 per statement cycle).
- Zero Lost Card Liability:
- With this card, you also get the benefit that you will not have to pay any debt if the card is stolen or lost.
Eligibility:
- Age: 18- 65
- Income: 30000 per Month
- Self-Employed: ITR 400000 Annual
- Credit Score: 750+
Pros & Cons
Pros:
- Potentially Waived Annual Fee: By renewing the card once in 3 months, its joining charge and annual charge can be waived.
- Grocery Rewards: If you use this card on grocery expenses, you get 5% cashback.
- Limited Benefits: Offers some practical benefits like:
- You get 1% fuel surcharge waiver on fuel purchases from Rs 400 to Rs 4000
- You will not be liable for any transactions made on the Card after the Card is lost (after reporting it to Customer Care)
- Basic Rewards Program: If you use this credit card, you can earn 1 reward point on your daily spend of Rs 100.
Cons:
- Low reward rate: On every spend of Rs 100 you can earn 1 reward point from this credit card which is less as compared to other cards.
- Limited reward cap on groceries: With the help of the card, you can earn only 1000 reward points in a month because this card comes with a limit on earning reward points.
- Welcome benefits with conditions: You get a welcome bonus on this card only after spending the prescribed limit.
Overall:
The ShopRite Credit Card can be a good option for:
- If you are a person who does a lot of grocery shopping and wants cashback on that purchase.
- Individuals who primarily use RuPay network cards.
Please Read Our other credit card reviews
- IRCTC SBI Platinum Rupay Credit Card
- PNB RuPay Platinum Credit Card
- HSBC Visa Platinum Credit Card
- Indian Oil Axis Bank Credit Card
Disclaimer
CredBanking will not be responsible for any change in the credit card benefits and fees as we have obtained the information about this card from the internet and website.