RBL Bank Paisa On Demand Credit Card Review – Affordable

RBL Paisa On Demand Credit Card is a unique Credit Line product by RBL Bank in association with Paisabazaar.com. When it comes to utility and simplicity, the RBL Bank Paisa on Demand Credit Card is hard to beat. RBL Bank has created a co-branded credit card for newcomers. This card comes with a slew of essential RBL credit card benefits, including free monthly cinema tickets, an EMI payment option, and a money transfer option.

RBL Bank Paisa On Demand Credit Card

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In fact, rather than earning perks, it is one of those cards that will help you boost your credit score. Now let’s look at the RBL credit card features and see how useful this card can be.

Paisa On Demand Credit Card Highlights

  • Cash + Card benefits:
    Swipe / Transfer / Withdraw – Your Call!
    After all it’s your money.
  • Transfer Money:
    Transfer money from your Paisa On Demand account to bank account within minutes. 
  • Interest only on the usage:
  • Payback in Easy EMIs:

Paisa On Demand Credit Card Features

Welcome Benefit

  • Earn 1000 Reward Points on your first online purchase*
  • Earn 1000 Reward Points on your first purchase at merchant outlet*

Reward Points on all purchases
Gain Reward Points for all your domestic and international purchases and redeem them for the products you love at www.rblrewards.com

  • Earn 1 reward point for every Rs. 100 spent on all your purchases at merchant outlets
  • Earn 2 reward points for every Rs. 100 spent on all your online purchases

Complimentary Movie Tickets
Get 1+1 free movie ticket every month up to Rs.200/- at BookMyShow for Saturday & Sunday shows.

Annual Spends Bonus
Earn Bonus 2000 Reward Points on spends of every Rs.1 Lac, up to 10 times in a year.

RBL Bank Paisa On Demand Credit Card Eligibility Criteria:

  • Resident Type: Indian.
  • For salaried person:
    • Age: 21 to 65 yrs. 
    • Income: Rs. 25,000 monthly. (Min)
  • For self-employed person:
    • Age: 21 to 65 yrs. 
    • Income: Rs. 25,000 monthly. (Min)
  • Good CIBIL Score (750 or more). 
  • A good relation with the bank may help you to get this card more easily. 

Required Documents To Apply For RBL Bank Paisa On Demand Credit Card:

  • Photocopy of ID Proof (any 1)
    • Aadhar card
    • Voter Card
    • Passport
    • PAN Card
  • Photocopy of Address proof (any 1) 
    • Last 6 months bank account Statement
    • Aadhar Card 
    • Driving License 
    • Passport
    • Utility bill
  • One recent passport-sized photographs
  • Proof of income statement:
    • Salaried Person (any 1)
      • Salary Slip of the last 3 months 
      • ITR (Income Tax Return)
    • Self-employed person
      • Income tax return of the last year 
      • Proof of business
      • Latest audited financial report.

According to new credit card laws, all new credit cards are supplied in an inactive condition, and you must activate them by generating a new credit card RBL credit card pin from your net banking account or visiting a nearby RBL ATM to use them.

RBL Bank Paisa On Demand Credit Card Fees:

  • RBL credit card joining fee: Rs. 500 + GST.
  • RBL credit card annual fee: Rs. 500 + GST (can be waived off if Rs. 1,00,000 is spent in a year)

RBL Bank Paisa On Demand Credit Card Benefits: 

  • An attractive welcome gift:

With the first payment you make with your card at any retail outlet, you will receive 1000 rbl paisa on demand credit card points as a welcome gift with the issuance of the card. On your first online payment with your card, you’ll gain 1000 extra rbl paisa on demand credit card reward points.

To take advantage of this deal, you must make your payments within the first 30 days after receiving your card. Within 60 days after card activation, the rbl credit card reward points will be applied to your account.

You can pay rbl credit card bill online via RBL net banking account, or by using any credit card payment app. But if you don’t have access to the online options, then you can also make your rbl bank credit card payment through neft, Cheque, or from your nearby ATM. You can find the rbl credit card payment ifsc code here. 

Accelerated rbl credit card rewards points program:

You can earn reward points with this rbl credit card for every purchase you make with it.

You will receive 2 reward points for every online transaction you make with your card, with a minimum transaction amount of Rs. 100. In addition, for every payment you make at any retail location, you will receive 1 rbl credit card reward point. Your monthly earned rewards can be found on your rbl credit card statement.

These reward points are very useful, you can convert them into cash, you can also use them to get a product from the rbl credit card rewards catalog.

  • RBL Bank Paisa On Demand Credit Card offer on movie tickets:

On every Saturday and Sunday, this rbl bank credit card offers you a free movie ticket. You will get 1 movie ticket completely free with the purchase of another, maximum ticket value Rs. 200 per rbl credit card billing cycle. 

  • Excellent Milestone Benefit on RBL Bank Paisa On Demand Credit Card:

With this card, you can earn some extra reward points too; every time you cross the Rs. 1 lakh spend mark with your card you will get 2000 rbl bank credit card reward points. You can avail of this rbl credit card offer 10 times a year.  

  • RBL credit card balance transfer facility:

This is the main highlight of the card; this card allows you to add money from a credit card to your bank account anytime and almost instantly. The minimum amount you can transfer is Rs. 3000 and the maximum amount is your credit limit. 

Also, you can pay back the transferred amount in easy installments, and you have to pay interest only for the amount you have transferred. 

  • Ease of EMI facility on RBL credit card:

With this card, you can convert your high-value purchases (min 3000) into EMIs. It lets you extend your shopping bill without worries. You can calculate the applicable rbl bank credit card emi interest rate from the rbl bank credit card emi calculator.

  • Annual fee waiver:

You can get a 100% waiver on your annual fee. Just spend Rs. 1 lakh with your card within a year and the next year’s annual fee will be waived off. So if you want to make your rbl credit card lifetime free, then you just have to keep spending Rs. 1 lakh per year.  You can check your rbl bank paisa on demand credit card status from the rbl credit card online banking account

  • Top-notch security with EMV chip:

This card comes with a built-in EMV chip, it is a special chip designed for convenience and security. It adds an extra layer of security to your card. But fraudulent transactions can happen anytime and if you notice something suspicious with your credit card account then you can temporarily block rbl credit card using the rbl credit card app.

  • Higher credit limit:

This card offers a higher credit limit to its customers, your rbl bank credit card limit can go up to Rs. 7 lakh with this card. 

  • Easy application process:

You can apply for this RBL credit card from the RBL card online application page, you can also visit your nearby RBL branch and submit your rbl credit card application there. Once your application is submitted successfully, you can track your rbl credit card application status from the rbl credit card status tracking page. 

  • Global acceptance:

This card is accepted worldwide, you can use this card at any foreign outlets or any foreign e-commerce sites to make payments. But in both cases, the currency conversion charges will be applicable on the transaction amount. 

Feature BenefitsNew BenefitsValue (in Rs.)
Welcome Benefit*1000 Reward Points on first online purchase250/-
1000 Reward Points on first purchase at merchant outlet250/-
500 Reward Points on first loan through Paisa On Demand125/-
Reward Program^1 Reward Point for every Rs. 100 spent at merchant outlet purchases450/-
2 Reward Points for every Rs. 100 spent on online purchases900/-
Spend Linked Benefits#2000 Reward Points on spends of every Rs. 1 Lac, up to 10 times in a year2000/-
Movie Benefit1+1 Free movie ticket at BookMyShow up to Rs. 200/- every month, on Saturday/ Sunday shows2400/-
Total Annual Value 6000+

RBL Bank Paisa On Demand Credit Card Charges:

ParticularsPayable amount
RBL credit card cash withdrawal charges2.5% against the withdrawal amount
Finance ChargeThe rbl credit card interest rate is 3.99% monthly
Foreign Currency Transaction3.50% against the transaction amount
RBL paisa on demand card add-on card feeFree for a lifetime

RBL Bank Paisa On Demand Credit Card Customer Care Contact Details:

  • Call the rbl credit card contact number: 022-6232-7777 or 022-7119-0900 (Super Card)
  • Write to the rbl credit card complaints mail id: cardservices@rblbank.com

Cashbackbeta Opinion:

As previously said, this card is perfect for beginners or those looking to improve their credit score with Paisa on Demand Credit Card. You can obtain the benefits of both personal loans and credit cards with this RBL paisa on demand card. You can earn reward points, free movie tickets, and other benefits by using this card on a regular basis.

So, if you’re looking for a credit card that will help you boost your credit score, this card is a wonderful choice. However, if you are dissatisfied with the perks or would like to examine other similar credit card possibilities, you should consider the alternatives listed below.

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