RBL Bank DMI Finance Credit Card

RBL Bank and DMI Finance have recently launched a co-branded credit card at a very nominal fee. The RBL Bank DMI Finance Credit Card is an entry-level card that offers accelerated reward points, no-cost EMI, and many exciting benefits. Even though the joining fee is just ₹499 plus taxes, cardholders can earn up to 3,000 vouchers annually and can easily save ₹2,400 on movie tickets.

The card has a pleasing rewards program. Users earn Reward Points on online and offline spending and then redeem them for vouchers, hotel stays, air tickets, and much more through RBL Rewards. In addition to the welcome benefits and rewards program, the RBL Bank DMI Finance Credit Card offers milestone benefits, entertainment perks, and a fuel surcharge waiver. To know more about this affordable and beneficial card, continue reading.

Product Details

• 2,000 Reward Points and a complimentary movie ticket as a welcome benefit.
• Vouchers from Amazon and Swiggy on reaching the annual milestone benefits.
• 1% fuel surcharge waiver up to ₹100.
• BOGO offers movie tickets up to ₹200.

Welcome Benefits

Upon activating the RBL Bank DMI Finance Credit Card, users who have made a valid retail transaction within the first 30 days of receiving the card and have paid the annual membership fees on time can enjoy a welcome benefit, which includes earning up to 2,000 Reward Points and receiving a BookMyShow voucher. This benefit is a one-time offer for new card members upon payment of the annual fee. The welcome benefit will be credited to your account within 60 days from the date of card issuance once the transaction and fee payment criteria are met.

Rewards Program

The RBL Bank DMI Finance Credit Card provides a productive rewards program to its users. Cardholders earn 2 Reward Points for every ₹100 spent on online purchases and 1 Reward Point for every ₹100 spent on in-store purchases. Users can earn 500 Reward Points every month, which can be redeemed for a number of products and vouchers via the RBL Rewards portal.

Value of 1 Reward Point = ₹0.25.

It is important to remember that users cannot earn Reward Points for making transactions on the following:  railways, fuel & auto, utilities, wallet, real estate, government services, insurance, education, contracted services, cash, EMI, and miscellaneous categories.

Milestone Benefit

The RBL Bank DMI Finance Credit Card offers rewarding milestone benefits to its cardholders. Upon spending ₹50,000 every quarter, users earn 2,000 bonus Reward Points. On spending ₹2 lakhs annually, users will get an Amazon voucher worth ₹500, and on making transactions worth ₹3 lakhs yearly, users will get a Swiggy voucher worth 200. The program is designed to reward users for their spending while excluding certain categories of purchases from qualifying for benefits such as railway transactions, fuel, auto, utilities, insurance, cash, EMI, etc.

Entertainment Perks

The RBL Bank DMI Finance Credit Card offers great entertainment perks where cardmembers can enjoy a Buy-One-Get-One-free movie ticket offer for up to ₹200 when they spend ₹5000 in a month. This offer is valid for booking movie tickets through the BookMyShow mobile app or website using the primary card. It is important to note that this benefit is not applicable to add-on cards. Once purchased, the movie tickets cannot be canceled, refunded, or exchanged.

Fuel Surcharge Waiver

Users will get a 1% fuel surcharge waiver every month on transactions between ₹500 to ₹4000. When you use your DMI Finance Credit Card to buy fuel, you get a fuel surcharge waiver of up to ₹100 every month. But if your fuel purchase is for ₹499 or lower, you won’t be eligible for the waiver and will be charged a surcharge of ₹10. Similarly, if your fuel purchase is for ₹4,001 and above, you won’t be eligible for the waiver and will be charged a surcharge equivalent to 1% of the total transaction amount.

RBL Bank DMI Finance Credit Card Review

People who are looking for a budget-friendly card should go for the RBL Bank DMI Finance Credit Card. With a low joining fee of just ₹499 plus taxes, this card offers a range of perks that make it a valuable addition to your wallet. This card offers welcome benefits, which include 2,000 bonus Reward Points and a BookMyShow movie voucher, milestone benefits, and entertainment perks, which include a Buy-One-Get-One-free movie ticket offer. A 1% fuel surcharge waiver on transactions between ₹500 to ₹4,000 is a reasonable benefit for frequent drivers.

While the card may not offer travel perks, its low fees and rewarding benefits make it a top choice for people who prioritize everyday spending rewards and entertainment privileges. If you want a credit card that offers real benefits without a high annual fee, you should consider the RBL Bank DMI Finance Credit Card.