Zomato the major food delivery service provider along with its banking partner, RBL recently brought devaluations to both the RBL Zomato Edition Credit Cards. Applicable from 20th September 2022 the cardholders will continue to earn Edition cash on their spending but the maximum Edition cash has now been capped on both the cards. Moreover, a few reward rates along with categories have also been removed.

rbl zomato edition credit cards devalued

The cardholders would continue to enjoy all other benefits, only the reward rate and a few other features have been changed. Therefore, if you are already having an Edition credit card then you must read this article to know to updates brought by the bank. Also, if you were planning to get a new Edition card then you must consider having a look at these changes before you make up your mind.

Overview

Zomato in collaboration with RBL Bank launched two credit cards – RBL Bank Edition Classic Credit Card and RBL Bank Edition Black Credit Card that offered great benefits in Dining. Till now both the cards were offering great reward rates as Edition cash on every transaction made with the card. While the Classic variant offered up to 5 Edition cash, the Edition Black card offered up to 10 Edition cash on all spends without any capping. However, with a recent move, the Edition cash earned on Zomato and Blinkit now comes with a capping. Moreover, now the Edition Cash will not be earned for spends made like Fuel, Wallet Load, and Rent payments. The aforementioned changes will be applicable from 20th September 2022. The modifications made in both the Edition cards have been discussed in detail below:

Changes in RBL Bank Edition Classic Credit Card

So far the RBL Edition Classic Cardholders were earning 5% Edition Cash on Zomato, 1.5% Edition Cash on other food purchases, and 1% Edition Cash on all other spendings. However, you will still earn 5% Edition Cash on spends made on Zomato (now also Blinkit App) but now the maximum Edition cash (on Zomato and Blinkit spends) has been capped at 500 Edition Cash per day. Also, the 5% Edition cash on dining at restaurants, 10% Edition cash on all spending on Birthdays, and 1.5% Edition cash on other online food purchases have been replaced with 1% Edition Cash on all spending. Apart from this, the cardholder will not receive any Edition cash towards transactions made in Wallet Load, Fuel, and Rent payments. The welcome benefit of 500 Edition cash will now be provided with the paid variant only and not with the lifetime free variant.

Old Feature New Feature
5% Edition Cash on Zomato 5% Edition Cash on Zomato and Blinkit App (capped at 500 Edition Cash per day)
1.5% Edition Cash on other food purchases 1% Edition Cash on all other spends
1% Edition Cash on all other spends
5% Edition cash on dining at restaurants
10% Edition cash on all spends on Birthdays

Changes in RBL Bank Edition Black Credit Card

The RBL Bank Edition Black Credit Card used to offer 10% Edition Cash on Zomato, 2% Edition Cash on other food purchases, and 1% Edition Cashon all other spendings. But now, the 10% Edition Cash on Zomato (also on Blinkit) has been capped at 1000 Edition Cash per day. Also, just like the Classic card, the 2% Edition Cash on other food purchases, 10% Edition cash on all spends on Birthdays, and 10% Edition cash on dining at restaurants have been removed. The 1% Edition Cash is still applicable on every other spend but you will not receive any Edition cash towards transactions made in Wallet Load and Rent payments. Apart from the changes in reward rate, the annual fee waiver condition with the Edition Black card has also been changed. Now, the cardholder can get a wavier on the annual fee of Rs. 1,499 on spending Rs. 4 Lakh or more in the previous year (earlier it was Rs. 2.5 Lakh).

Old Feature New Feature
10% Edition Cash on Zomato 10% Edition Cash on Zomato and Blinkit App (capped at 1,000 Edition Cash per day)
2% Edition Cash on other food purchases 1% Edition Cash on all other spends
1% Edition Cash on all other spends
10% Edition cash on dining at restaurants
10% Edition cash on all spends on Birthdays
Annual Fee Waived off on spending Rs. 2.5 lakh in a year. Annual Fee Waived off on spending Rs. 4 lakh in a year.

Conclusion

The devaluation brought by Zomato and RBL Bank in both the Edition cards has been received as a piece of bad news by the existing cardholders. Earlier, the card offered a great reward rate and an opportunity to earn unlimited Edition cash. Moreover, the 5% Edition cash offered on offline dining has also been removed. It should be noted that only the above-mentioned changes have been brought to the Edition cards, the cardholders would still continue to enjoy other benefits just like the way they were. What are your thoughts on this move, will it penetrate the position of Edition cards in the market or not? Drop your views in the comments below!

3 Comments

  1. Really bad move. Could not believe the changes when I read the first time and assumed they are only adding 5% on Blinkit in addition to everything else. However, got an email reminder for these changes as a confirmation. The card does not really hold much value now and will keep it only because it is LTF for me.

  2. SACHIN H J Reply

    Offline dining benefit should not have been removed. I used this card always at outlets.

  3. Kundan Gangotri Reply

    Very disappointed form this news. I am going to send an e-mail to close my credit card…

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