Roarbank RuPay Credit Card by UNITY Small Finance Bank

Roarbank RuPay is a lifetime free RuPay credit card offered by Roarbank in collaboration UNITY Small Finance Bank. Given below are some of the key features and benefits of this card:

Cashback Structure

• Up to 20% cashback on any two selected categories as per the below details:
  • Cardholders will receive a notification on the 1^st of each month to select two cashback categories from the available options, such as Clothing, Grocery, Fuel, Restaurants, Movies, etc.
  • The cashback percentage varies from one category to another. However, the maximum cashback rate is capped at 20%.
  • Cardholders can earn a maximum cashback of Rs. 2,500 per month.

Other Features & Benefits

• Lifetime free credit card with no joining and annual fees
• Credit limit of up to Rs. 3 Lakh
• Up to 62 days interest-free period
• Convert eligible portion of outstanding balance into EMIs ranging from a tenure of 2 to 12 months

Click here to read the detailed terms and conditions about Roarbank RuPay Credit Card.

The eligibility criteria for RuPay credit card offered by Roarbank is mentioned below:

• Applicant must be an Indian resident
• Applicant must have a savings account with Roarbank

Roarbank RuPay Credit Card by UNITY Small Finance Bank is the right choice for consumers who are planning to start their credit journey. It is an entry-level credit card that offers up to 20% cashback on any two selected categories, along with the flexibility for cardholders to change these categories every month based on their spending needs. However, the selected categories cannot be changed mid-month. Therefore, consumers who prefer to plan their spends in advance can maximize the benefits of this credit card.

Besides this, it is a 2-in-1 card that allows cardholders to spend using both their savings account balance and the credit line, which increases the total available spending limit. However, the spending is done first from the savings account and then from the credit line, which might be a drawback for some consumers.

Overall, this RuPay credit card is a suitable option for new-to-credit consumers who are looking for a credit card with basic cashback benefits.

What is Roarbank RuPay Credit Card?
Roarbank RuPay Credit Card is a lifetime free credit card offered by Roarbank in collaboration with UNITY Small Finance Bank. It is designed for beginners and offers cashback along with a 2-in-1 spending feature.

How does the cashback feature work on this credit card?
Cardholders can earn up to 20% cashback every month on any two selected categories such as grocery, fuel, dining, or movies. Categories must be chosen at the start of the month and cannot be changed mid-cycle. The maximum cashback is capped at Rs. 2,500 per month.

What does the 2-in-1 feature of Roarbank RuPay Credit Card mean?
This 2-in-1 card allows spending through a combination of the savings account balance and the credit limit. Transactions are first deducted from the linked savings account. Once the balance is exhausted, the remaining amount is charged to the credit line.

What is the maximum credit limit offered on Roarbank RuPay Credit Card?
The card offers a credit limit of up to Rs. 3 Lakh, depending on the applicant’s eligibility and banking relationship. The combined spending power includes both the savings account balance and the assigned credit limit.

Who is eligible to apply for Roarbank RuPay Credit Card?
Applicants must be Indian residents and should have an active savings account with Roarbank. Since it is an entry-level credit card, it is suitable for new-to-credit consumers. However, the final approval is subject to internal assessment by the bank.

Is the Roarbank RuPay Credit Card good for beginners?
Yes, this RuPay credit card is ideal for beginners due to its simple cashback structure and zero annual fees. It helps first-time users build credit while earning rewards on everyday spends. However, planning spends in advance is important to maximize benefits.