|RBL Bank Edition Credit Cards Rating|
Annual Fee ★★★★
Travel Benefits ★★
Other Perks ★★
|Overall Rating ★★★|
RBL Bank, in association with Zomato, has launched two credit cards- RBL Bank Edition Credit Card and RBL Bank Edition Classic Credit Card to cater to the people who frequently dine out or order food online. The cards will help users save on their dining spends through cashback and milestone benefits. Besides, the premium variant- RBL Bank Edition Credit Card- offers lounge benefits, low foreign mark-up fee and more. Read the detailed review of RBL Bank Edition Credit Cards here.
Key Highlights of RBL Bank Edition Credit Cards
|Feature||RBL Bank Edition Classic Credit Card||RBL Bank Edition Credit Card|
|Welcome Benefits||500 Edition Cash||Nil|
|Edition Cash Earn Rate Per Rs. 100|
|Milestone Offers||Spend Rs. 2 Lakh, Get 2,000 Edition Cash|
|Zomato Gold Benefit||Valid in one city only||Valid wherever Zomato operates|
|Movie Offer||Nil||Buy One Get One Free Offer via BookMyShow|
|Annual Fee||Rs. 500||Rs. 3,000|
Welcome Benefits on RBL Bank Edition Credit Cards
RBL Bank Edition Classic Credit Card is the only credit card that offers welcome benefit. 500 Edition Cash can be earned by paying the annual fee of Rs. 500 and using the card within 30 days of issuance.
It is surprising that despite charging a higher joining/annual fee, the premium variant of RBL Edition Card Duo does not offer any welcome benefit whatsoever. Sign-up bonus are usually something new users would look forward to and therefore this is a drawback.
Zomato Gold Benefits on RBL Bank Edition Credit Cards
Both credit cards offer complimentary Zomato Gold Membership but there is a catch.
The Edition Classic credit cardholders can use the Zomato Gold membership only within the city they reside in. On the other hand, RBL Edition Credit Card extends this benefit to wherever Zomato is operational including international territories.
Do note that if you have RBL Edition Classic Credit Card and happen to travel domestically or even internationally, then you will not be able to use the Zomato Benefits because it is valid only in your city. Premium cardholders, however, can use the app’s services all over India and in countries where Zomato is operational. This will really benefit international travellers by bringing down their dining bills.
Edition Cash Earning Rate on RBL Bank Edition Credit Cards
The Edition Credit Cards reward their users with cashback. The cashback is given in the form of Edition Cash. It can be used to pay for food deliveries or restaurants bills as long as the cardholder uses the Zomato app. RBL Bank Edition Credit Cardholders can also pay their bills via Edition Cash. The Edition Cash earn rate for the two cards is given below.
|Category||RBL Bank Edition Classic Credit Card||RBL Bank Edition Credit Card|
Edition Cash is given for every Rs. 100 spent. 1 Edition Cash = Re. 1
The Bar Graph given below will help clarify the Edition Cash earn rate on the two credit cards. For this graph, we have assumed that the cardholder spent Rs. 5,000 in each category per month for a period of one year.
As you can see, RBL Edition (Premium) Credit Card is the clear winner when it comes to reward points. However, reward points alone do not justify the high annual fees (Rs. 3,000) charged by Edition credit card. The Edition Classic Card might not give as much Edition Cash but it charges only Rs. 500.
Milestone Benefits on RBL Bank Edition Credit Cards
Both variants of RBL Edition Credit Card offer milestone benefits. The basic option, Edition Classic Credit Card, gives the cardholder Rs. 2,000 worth of Edition Cash on spending Rs. 2 Lakh in a year. Premium variant, Edition Credit Card, gives the same amount if the user spends Rs. 5 Lakh in a year. Additionally, Edition credit card also provides annual fee waiver to customers who spend Rs. 2.50 Lakh in a year,
If we adjust the annual fee against Edition Classic credit card’s milestone benefit of 2,000 Edition Cash, we are still left with 1,500 Edition Cash. So there is no real loss because of the absence of annual fee waiver.
RBL Edition credit cardholders who are able to spend Rs. 5 Lakh in a year will be able to use the card judiciously because then they will save Rs. 3,000 in annual fee and earn Rs. 2,000 as milestone benefit. However, reaching this spending mark will be a challenge for most people as it will require spending of about Rs. 41,000 per month for a period of 12 months.
Movie Benefits on RBL Bank Edition Credit Cards
The movie benefit is available only on the RBL Bank Edition Credit Card. The offer allows the users to get the second ticket free, up to Rs. 200, when they buy a movie ticket through BookMyShow.
Travel Benefits on RBL Bank Edition Credit Cards
The travel benefits are restricted to RBL Bank Edition Credit Cards only. Cardholders can get the following benefits:
International Lounge Access – Complimentary Priority Pass Membership and 2 free visits per year at lounges located overseas. Do note, to avail Priority Pass membership cardholders will have to put in a request with RBL Bank.
Domestic Lounge Access – 8 free domestic lounge visits in a year (2 per calendar quarter) at select lounges in India.
Foreign Currency Mark-up Fee – The card charges only 1.50% as Foreign Exchange Markup fee which is quite impressive. Other cards that charge low forex markup fee may not be for everybody as they belong to premium or super-premium category of credit cards.