RBL Bank ShopRite Credit Card – A Complete Guide to Features & Benefits

Let’s take an example of Ravi and how he earns and accumulates reward points with his RBL Bank ShopRite Credit Card!

• Grocery Shopping: Ravi goes shopping and buys groceries for ₹3,000. On every ₹100 he spends, he gets 20 reward points. So, he gets 600 points (₹3,000 ÷ ₹100 × 20).

  
  

• Movie Ticket Discount: Ravi buys a movie ticket for ₹500. His card gives him a 10% discount (₹50). So, he pays only ₹450 instead of ₹500!
  
  
• Fuel Savings: Ravi fills his car with ₹700 fuel. There is always a little extra charge, but because of his card, that gets waived off. So, he saves ₹7!
  
  

• No Annual Fee: In case Ravi spends ₹1.5 lakh in a year, his card will not be charged the ₹500 annual fee the following year. That's a significant saving!

   

Ravi uses his card wisely and gains rewards, discounts, and even saves!

RBL Bank ShopRite Credit Card has rewards for spending on groceries, retail, and movies, besides fuel and grocery cashback. Annual fee of ₹500 gets waived off at ₹1.5 lakh spend. Salaried and self-employed professionals are eligible.

What is a RBL Bank ShopRite Credit Card?

RBL Bank ShopRite Credit Card is designed for ordinary customers, specifically for consumers purchasing grocery items and retail merchandise. It provides reward points for eligible purchases like cinema tickets, groceries, and retail merchandise. Also, you earn cash back while purchasing grocery items and petrol/diesel, along with concession prices for movies and allied brands. 

Read More - RBL Bank World Safari Credit Card

As a joining offer, you will be compensated if you pay the joining fee on time and use the card within 30 days. The annual fee is ₹500 + GST, but the same can be waived off if you have incurred expenses of ₹1.5 lakhs or more in the previous year. Salaried and self-employed persons can use the card.

Benefits of RBL Bank ShopRite Credit Card

Here’s the information about the benefits offered by RBL Bank ShopRite Credit Card:
 

Eligibility to apply for RBL Bank ShopRite Credit Card

• Age: You must be between 18 and 65 years old.
• Income: You must have a source of regular income.
• Credit Score: You must have a credit score of more than 700.
• Credit History: You must have a healthy credit history.
• Residency: You must be in India.

• Employment: You may be employed or self-employed.

   

Other Factors

• Those with a low debt-to-income ratio (DTI) will be more likely to be approved.
• You will probably be approved if you have had your current job for more than one year.

• You may not be approved if you've applied for lots of loans or credit cards over a short period.

   

Documents Required to Apply for RBL Bank ShopRite Credit Card

Documents Required for the RBL Bank ShopRite Credit Card Application

• Proof of Identity: Your PAN card, Aadhaar card, or passport.
• Proof of Address: You may submit utility bills, passport, rental agreement, or Aadhaar card.
• Proof of Income: Recent salary slips, bank statements, or Income Tax Returns (ITR) must be submitted.
• Passport-sized Photograph: A recent passport photograph.

• Completed Application Form: A filled-in credit card application form.

   

Additional Documents for Salaried Individuals

• Form 16 of the past 2 years.
• Income Tax Return (ITR) of the past 2 years, if any.
• Bank statement of the past 3 months (if your salary is credited directly into your bank account).
• Your current employer issued a certificate of employment.

• Banks need proof of income to evaluate your repayment capacity for the card balance.

   

How To Apply For A RBL Bank ShopRite Credit Card?

1. Online Process:

1. Visit the official website of RBL Bank.
2. Click on the ‘Products’ option.’
3. Click on ‘Personal Banking.’
4. Select ‘Cards’ from the drop-down menu and then select ‘Credit Cards.’
5. Click on the ‘Explore all cards’ option.
6. Scroll down a bit and find the RBL Bank ShopRite Credit Card.
7. Click on ‘Apply Now.’
8. Enter your name, mobile number, and DOB and click ‘Get OTP.’
9. Enter the OTP received on your registered mobile number.
10. Enter your Pincode, address, PAN card number, gender, and pincode, and click ‘Submit.’
11. Enter your occupation, company name, and salary, and click on ‘Continue.’
12. Enter your bank name, card variant, and credit limit, and click on ‘Continue.’
13. Enter your details (like the name on the card, marital status, mother’s name, education qualifications, Email ID, etc.), then click ‘Proceed.’
14. Fill in your office and company details and click ‘Proceed.’
15. Select your address and click on ‘Proceed.’
16. Enter your Aadhar card number.

Note: Make sure that at the time of Video KYC, you have black paper, a pen, and your original PAN card.

• During the KYC video, an employee from HDFC Bank will appear on your screen and ask you to show them the original PAN card.
• Then he’ll ask you to sit straight and capture a photo of you.
• After that, he’ll tell you to put your signature on a blank piece of paper before him.
• After these steps, your video KYC will be completed.

• The card will be delivered to your address within a week.

   

2. Offline Process:

1. Visit your nearest RBL Bank branch.
2. Request a credit card application form.
3. Select the RBL Bank ShopRite Credit Card.
4. Fill in your personal and income details in the form carefully.
5. Attach a photo and sign the form.

6. Check the form for accuracy and submit it along with the required documents.

    

RBL Bank ShopRite Credit Card Fees and Charges

How To Close an RBL Bank ShopRite Credit Card?

You can close your RBL Bank credit card by phone, email, or by visiting a branch.

By Phone:

• Dial RBL Bank customer care at +91 22 6232 7777 for standard cards or +91 22 7119 0900 for SuperCards. Listen to the instructions given by the representative and give them your details so that they can confirm your identity.

   

By Email:

• You can also email cardservices@rblbank.com for regular cards or supercardservice@rblbank.com for BFL SuperCards. Do not forget to mention your name, date of birth, card number, and expiry date.

   

By Visiting a Branch:

• Go to your local RBL Bank branch with your credit card and supporting documents. Write a letter asking for a cancellation of your credit card, and a bank official will guide you through the process.

   

How To Maximise The Use Of RBL Bank ShopRite Credit Card?

Plan Your Shopping:

• Plan your shopping trips.
• Make the most of bonus cashback opportunities at supermarkets using your RBL Bank ShopRite Credit Card.

• Adhere to planned purchases rather than shopping impulsively.

   

Pay Your Bill Timely:

• Pay your entire balance each month to prevent interest charges.

• Ensure payment of your bill before the due date.

   

Utilise Store Loyalty Schemes

• Pair your RBL Bank ShopRite Credit Card with store loyalty schemes.

• This may enable you to earn additional points or discounts in addition to your cashback.

   

Earn Reward Points:

• Earn 20 points for each ₹100 spent on grocery purchases.
• Earn 1 point for each ₹100 spent on other purchases (excluding fuel).

• You can also earn points for purchases such as new clothes and cinema tickets

   

Enhance Your Credit Profile:

• Keep using your card and make timely payments.

• This can raise your spending limit and trigger other perks.

   

Comparison Of RBL Bank ShopRite Credit Card With Other Cards

Here’s a comparison table of the RBL Bank ShopRite Credit Card with other popular credit cards. The table will compare various aspects such as annual fees, rewards, benefits, and interest rates.