Here’s a comprehensive review of the RBL ShopRite Credit Card:
Overview:
The RBL ShopRite Credit Card is positioned as an entry-level credit card by RBL Bank, focusing on rewarding everyday spending, particularly on groceries and fuel. It’s aimed at those looking for a card that offers straightforward benefits without high annual fees.
Key Features and Benefits:
- Rewards Program:
- Grocery Purchases: Earn 20 Reward Points for every ₹100 spent on grocery shopping, with a cap of 1,000 Reward Points per month.
- Other Spends: 1 Reward Point per ₹100 on other purchases (excluding fuel).
- Fuel: Previously offered points, but this benefit was discontinued from September 25, 2022.
- Welcome Benefits:
- Reward Points: 2,000 Reward Points on payment of the joining fee and making the first purchase within 30 days of card issuance.
- Entertainment and Lifestyle:
- Movie Discounts: 10% discount on movie tickets via BookMyShow, up to ₹100, available 15 times a year.
- Fees:
- Joining Fee: ₹500 + GST.
- Annual Fee: ₹500 + GST, waived if you spend ₹1.5 lakh in the previous year.
- Reward Redemption Fee: ₹99 + GST per redemption request.
Pros:
- High Rewards on Groceries: One of the highest reward rates for grocery shopping among entry-level cards.
- Annual Fee Waiver: Achievable with moderate spending, making the card effectively lifetime free for many users.
- Movie Offers: Adds value for movie-goers with the discount on BookMyShow.
Cons:
- Cap on Grocery Rewards: Limits the potential rewards you can earn each month.
- Limited Rewards Scope: The card’s reward system is heavily tilted towards groceries, with lower rewards on other spends.
- Fuel Rewards Discontinued: A notable drawback for those who expected fuel benefits.
User Experience:
- Ease of Use: The card is straightforward with its rewards, particularly beneficial for those who shop for groceries regularly. However, the reward redemption fee might be a small annoyance for some users.
- Customer Service: RBL Bank’s customer service experiences are mixed. Positive feedback includes quick resolution of issues, while negative feedback often mentions delays in customer service responses.
Sentiment from X and Web Reviews:
- Posts on X and web reviews tend to appreciate the card’s grocery rewards, especially for those whose primary spending is on food shopping:
- Pros: Good for beginners or anyone with significant grocery expenses. The movie discount adds some entertainment value.
- Cons: The cap on grocery points and the lack of fuel rewards post-2022 have been points of criticism. Some users feel the card lacks versatility in rewards.
Conclusion:
The RBL ShopRite Credit Card is well-suited for individuals whose spending patterns align heavily with grocery shopping, making it a valuable choice for those looking to maximize rewards in this specific area. However, for those seeking a broader rewards program or who were using it for fuel benefits, the card’s appeal might have diminished. If you can hit the spending thresholds for the annual fee waiver and enjoy movies, this card can still be a practical choice for daily use.