RBL Paisa On Demand Credit Card Review: Benefits, Eligibility, Fees, Charge

RBL Paisa On Demand Credit Card

RBL bank’s co-branded credit card that comes in association with the Paisabazar.com along with the unique feature of Duet card that provides a 2-in-1 feature of Credit card and Credit line, along with so many offers of flat cash backs benefit.

Fees, Charges and Benefits

Annual Fees     2nd year onwards feeRs.500/- + GST If the spend made is more than Rs. 1 Lac then the annual fee is waived off from the 2nd year onwards.   Rs.500/-    
Reward Points2 RP for every Rs.100/- spent on online purchase. 1 RP for every Rs.100/- spent on purchase at merchant outlets. Where, 1 RP= 25 paisa  
Welcome benefitsEarn 1000 Reward points on 1st online purchase if the purchase is made within first 30 days of the issuance of the card. Also same 1000 Reward points if the purchase is made at merchant outlets.
Spending Benefit Earn Bonus 2000 RP on spends of every Rs. 1 lakh/- , this offer can be availed up to 10 times/yearly.
Credit Line benefitUsing this unique benefit provided by R.B.L Paisa credit card one can avail benefit of Swipe/Transfer/Withdraw. Using it users can ——Transfer money from Paisa on Demand a/c to Bank a/c.                               —— Buy with Paisa On Demand & Pay Back in easy EMIs. But a minimum of Rs.3000/- must be spent to avail this benefit.
Movie offerBOGO offer—– Users can avail this offer if they book tickets on BookMyShow.com, they will get Buy1 Get 1 offer on movie tickets monthly. This offer can be availed only on Sundays and Saturdays and only up to Rs.200/- .
Fuel surcharge waiver1% fuel surcharge waiver on all fuel stations throughout India Can be availed only if transactions are between Rs.500/- to Rs.4000/-. Maximum benefit = Rs 100/- p.m  
Cash withdrawal Interest3.99% p.m
Purchase Interest3.99% p.m
Late Payment fees15% of total amount due, subject to minimum of Rs.50/- and Max of Rs.1000/-.  
Over limit chargesRs.600/-
Cash advance charges2.5% of cash value  Up to Min- Rs.300/-
Foreign currency transaction charges3.5% of transaction value  
Cash payment feeRs. 250/-
Lounge acess facilityNIL
Insurance facilityNIL
Milestone BenefitNIL
Reward Redemption FeesNIL

RBL Paisa On Demand Credit Card Eligibility:

      1 )Age must in the range of 23-60 years

     2) Monthly income should be minimum of Rs.25, 000/-.

    3) Business man or salaried professional

     4) Must be able to produce all necessary documents.

Documents needed for RBL Paisa On Demand Credit Card

  1. Documents needed for ID Proof = PAN card, Passport, Voter-id Card, Aadhaar Card, Driving License Etc required.
  2. Address Proof = Electricity, water, telephone bills or Aadhaar Card.
  3. Income Proof = Latest Copy Of Bank Statement and salary slip or Form 16.
  4. All KYC Documents needed.

How to apply for RBL Paisa On Demand Credit Card?

          1) Log on to official site of RBL bank i.e. https://www.rblbank.com.

          2) Click on apply button.

           3) Fill in the necessary credentials, press submit.

          4) Customers will be further notified about the process through the bank itself.

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RBL Paisa On Demand Credit Card FAQS

What is Duet Card?

The Duet cards are special types of cards that work as a credit card as well as a line-of-credit. Cardholders will be provided with a card credit limit from which they can either make some transactions or borrow a certain amount as a part of it as a short term loan.

Can duet card be used for online or offline purchase?

Yes, customers can use their duet card in any form of transaction in any mode be it offline or online.