The MoCash Credit Card offered by RBL Bank comes with an instant loan facility. Therefore, apart from using it like a regular credit card, you can also avail a loan within minutes. The loan amount can be transferred via the MoCash app and paid back in Equated Monthly Instalments (EMIs).
The main highlights of the MoCash Credit Card offered by RBL Bank are mentioned below:
The main benefits and features of the MoCash Credit Card offered by RBL Bank are mentioned below:
|Type of Charge||Fee|
|Annual Fee||Rs.500 (The annual fee for the second year is waived in case Rs.1 lakh is spent in the first year)|
|Add-on card fee||Nil|
|Cash Advance Transaction fee||2.5% of the amount that is due. However, the minimum fee is Rs.300.|
|Finance charges||Up to 3.5% per month (42% per year)|
|Cash payment at branches||Rs.250 for every cash deposit|
|Over limit penalty||Rs.600|
|Late payment fee||15% of the total amount due. However, the maximum amount can be Rs.1,000.|
|Surcharge on payment or cancellation of railway tickets||1.8% of the IRCTC Service Charges + Payment Gateway|
|Foreign Currency Transactions||3.50%|
|Surcharge on fuel transactions||1% of the fuel transaction|
The primary eligibility criteria that must be met for this card are:
Once you are eligible for the credit, the required documents must be submitted for the application to be processed. The main documents that must be submitted are mentioned below:
Any other documents that are requested by RBL Bank must be submitted as well.
The step-by-step procedure to check the status of the application is mentioned below:
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