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.
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:
|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.|
|Fuel Benefits||1% fuel surcharge waiver applied for transactions between Rs.500 and Rs.4,000.|
|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|
Other RBL Bank Credit Cards
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 RBL credit card application status is mentioned below:
The annual fee of the credit card is Rs.500.
You can apply for the RBL Bank MoCash Credit Card either from the RBL Bank website or from BankBazaar.
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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