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 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). 

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    Key Highlights of the 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 the RBL Bank MoCash Credit Card

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

    • Waiver of Fuel Surcharge: In the case of any fuel transactions ranging between Rs.500 and Rs.4,000, a fuel surcharge waiver of up to Rs.100 per month is provided.
    • Shopping Benefits: In case Rs.1 lakh is spent online, you will get a shopping voucher worth Rs.1,000. However, a maximum of 5 vouchers will be given in a year.
    • Movie Benefits: In case of any bookings on BookMyShow, a 10% discount is provided. However, the discount is provided for a maximum of 15 times in a year.
    • Reward Points: In case Rs.100 is spent using the card (except on fuel), 1 Reward Point is provided. In case Rs.100 is spent on any online transactions, 2 Reward Points are provided.
    • Welcome Benefit: If the card is activated within 30 days, 2,000 Reward Points are provided.

    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

    Eligibility Criteria of the RBL Bank MoCash Credit Card

    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.

    Application Status

    The step-by-step procedure to check the status of the application 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.
      

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