Santa Claus comes around just once a year. In the meantime, there are Credit Cards.
  • RBL Bank MoCash Credit Card

    The MoCash Credit Card offered by RBL Bank is a unique digital product that is a combination of a credit card and an instant loan. You can easily transfer funds within the credit limit to your bank account and pay it back in easy instalments. The physical credit card can be used for online and offline retail purchases. You can easily manage your loan through the RBL Bank MoCash mobile app. The only interest you need to pay when you take the loan is on the amount transferred to your bank account and not on the entire credit line that is available to you. This facility is available on a 24x7 basis. Any high-value expenses on your credit card can also easily be converted into Equated Monthly Instalments (EMI). Apart from reward points, the credit card also offers discounts, vouchers, and fuel surcharge waivers.

    Key Highlights of RBL Bank MoCash Credit Card

    The main highlights of the MoCash Credit Card offered by RBL Bank are mentioned below:

    • Repayment in EMIs: The loan that is availed can be paid in EMIs. You have the option to choose the repayment tenure as well. Card transactions can also be easily converted to EMIs via the MoCash app.
    • Instant Money Transfer: The money can be transferred to your bank account at any given time.
    • No Interest: In case the card is not used, no interest will need to be paid. Interest must be paid only on the amount that has been borrowed.
    • Know Your Limit: With the help of the RBL Bank MoCash app, the credit limit can be known within 3 minutes.

    Features and Benefits of RBL Bank MoCash Credit Card

    The main benefits and features of the MoCash Credit Card offered by RBL Bank are mentioned below:

    Welcome Benefit If the card is activated within 30 days, 2,000 Reward Points are provided.
    Shopping Benefits Get a shopping voucher worth Rs.1,000 on spending Rs.1 lakh.
    Movie Benefits 10% discount on bookings made on BookMyShow.
    Reward Points
    • 1 reward point on every Rs.100 spent on all transactions.
    • 2 reward points on every Rs.100 spent on online transactions.
    Fuel Benefits 1% fuel surcharge waiver applied for transactions between Rs.500 and Rs.4,000.

    Fees and Charges – RBL Bank MoCash Credit Card

    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
    Cheque Return Rs.500

    RBL Bank MoCash Credit Card Eligibility Criteria

    The primary eligibility criteria that must be met for this card are:

    • You must be an Indian citizen.
    • The principal applicant must be between the ages of 18 years and 70 years.
    • You must have a regular source of income.

    Documents Required

    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:

    • Income Proof
      • Salary Slip
      • Income Tax Returns
      • Form 16
    • Identity Proof
      • Aadhaar Card
      • Passport
      • Driving License
    • Address Proof
      • Aadhaar Card
      • Voter ID
      • Passport
      • Ration Card

    Any other documents that are requested by RBL Bank must be submitted as well.

    RBL Bank MoCash Credit Card Application Status

    The step-by-step procedure to check the RBL credit card application status is mentioned below:

    • Visit the official website of RBL Bank.
    • Click on the ‘Menu’ section.
    • Next, click on ‘Personal Banking’.
    • On the next page, click on ‘Credit Cards’.
    • At the bottom of the page, you will find an option to check the status of the application.
    • On the next page, enter the reference number and your mobile number.
    • Click on ‘Submit’. The status of your application will be displayed on the next page.

    RBL Bank MoCash Credit Card FAQs

    1. What is the annual fee of the RBL Bank MoCash Credit Card?

      The annual fee of the credit card is Rs.500.

    2. Where can I apply for the RBL Bank MoCash Credit Card?

      You can apply for the RBL Bank MoCash Credit Card either from the RBL Bank website or from BankBazaar.

    3. How can I redeem my reward points?

      You can redeem your reward points from the RBL Bank rewards catalogue on the website. The rewards catalogue consists of many products across various brands which can be bought with your accumulated reward points.

      

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