What seemed like a distant possibility a few years ago is a reality now. RBL offers the MoneyTap credit card that comes with a unique feature called the MoneyTap Credit Line that gives the cardholders the flexibility to use credit as they like. They can use the MoneyTap App on their phone to transfer money to their bank account and use the RBL MoneyTap credit card to pay for their purchases.
Cardholders can use the RBL MoneyTap credit card in the following ways:
The RBL MoneyTap comes with a plethora of useful features and benefits some of which are listed below:
|Fees and Charges||Amount|
|Annual Fee||Rs.499 plus GST|
|Rate of Interest||Varies from 1.25% to 1.5% per month|
|Credit Limit||Up to Rs.5 lakh|
Cardholders can make use of the attractive reward system that the RBL MoneyTap credit card entails. Listed below are the details on the same:
The applicant needs to download the MoneyTap app from the Android Play Store or the Apple Store and follow the steps listed below:
Any salaried employee with a monthly income of more than Rs.20,000 can avail a loan using the RBL MoneyTap credit card.
Documentation required for RBL MoneyTap Credit Card
Applicants will need to upload the following documents to procure this service:
No, there is no provision of an add-on card with the RBL MoneyTap credit card.
No, there are no hidden charges involved in the process of availing credit through the RBL MoneyTap credit card or the credit line.
You can use the app to keep a track on your transaction history, payment due dates, and your upcoming EMIs.
Yes, you can convert the expenditure made on the card into EMIs.
Yes, you can download the MoneyTap app for free from Google Play Store.