RBL Bank Movies and More Credit Card is an entry-level credit card that caters to the entertainment needs of credit card users. It offers monthly spend benefit, milestone bonus, BookMyShow offers, accelerated rewards on dining on Wednesdays, Fuel Surcharge Waiver and Annual Fee Reversal. With rewards worth INR 20,000+, this credit card is value for money for anyone who loves watching movies or eating at Pizza Hut and KFC.
FinTown Rating: 3/ 5
Rating by Category:
|Annual Fee|| 3.5
- The Annual Fee for this credit card is INR 1,000. Compared to the rewards and benefits that it offers, this card charges a reasonable annual fee.
- With rewards rate varying between 0.25% to 5%, a rating of 3 is justified.
- The Annual bonus in the form of BookMyShow vouchers is decent. Hence, it gets an average rating of 2.5.
- The Annual Percentage Rate for this card is 42%. which is rather high. Therefore, it is given a below average rating.
Pros & Cons:
|Reasons to Choose||Reasons to Avoid|
|BookMyShow Offers||No Airport Lounge Access|
|Monthly and Milestone Spend benefit||No golf privileges|
|Fuel Surcharge Waiver||High interest rate|
Rewards/ Benefits – RBL Movies and More Credit Card
The RBL Movies and More Credit Card offers 4 movie tickets worth INR 250 each. You can make use of it in two transactions of INR 500 each (maximum of 2 tickets per transaction).
Monthly Spend Benefit
This credit card also gives away 1 free movie ticket up to INR 250 at BookMyShow on monthly spends of INR 10,000. With a monthly spend of INR 15,000, you can get 2 free movie tickets worth INR 500 each at BookMyShow.
You get a 10% discount on BookMyShow bookings throughout the year on up to 15 transactions.
The best thing about this credit card is it not only gives you 10 reward points for every INR 100 spent at BookMyShow but also at Pizza Hut and KFC. Additionally, you get 20 reward points for every INR 100 spent on dining on Wednesdays. Lastly, you earn 1 reward point for every INR 100 spent on all your other purchases except fuel.
Annual Spends Benefit
The annual benefit on crossing spends of INR 2 lakhs is 5,000 bonus reward points. You get 10,000 bonus reward points when the annual spend on your card cross INR 3.5 lakhs.
Fuel Surcharge Waiver
For all transactions in the range of INR 500 to INR 4000, the fuel surcharge is waived at all petrol pumps.
Annual Fee Reversal
The Annual Fee gets reversed 2nd year onwards on crossing spends of INR 1, 50,000 in the previous billing year.
Is the Rewards Rate good?
For RBL credit cards, 1 reward point equals INR 0.25.
Case 1: 1 reward point for every INR 100 spent on all other spends except fuel
On spending INR 100, you get 1 reward point which is INR 0.25. Therefore, the rewards rate is 0.25%.
Case 2: 10 reward points per INR 100 spent on BookMyShow, Pizza Hut and KFC
On spending INR 100, you get 10 rewards points i.e 10 * 0.25 = INR 2.5. Therefore, the rewards rate is 2.5%
Case 3: 20 reward points for every INR 100 spent on dining on Wednesdays
In this case, the rewards rate is 5% for dining on Wednesdays.
Is this card for you?
- Entertainment offers are your topmost priority: If you are getting a credit card to save on your entertainment bills, then this card is perfect for you.
- A high interest does not matter to you: This credit card comes with an annual interest rate of 42%. Therefore, it is important that you make your credit card bill payments in full.
- Airport Lounge access and golf privileges are immaterial to you: The RBL Movies and More Credit Card does not offer complimentary airport lounge access and no golf games.
- You want Fuel Surcharge to be waived: If you have a vehicle, then you can take advantage of the 1% Fuel Surcharge Waiver.
RBL Movies and More Credit Card – Payments & Fees:
|Annual Fee||INR 1,000|
|Foreign Transaction Markup Fee||3.5% of the transaction amount|
|Cash Withdrawal Fee||2.5% of the withdrawal amount (minimum INR 300)|
|Late Payments Fee|| 15% of Total Amount Due (Min INR 350 and
Max INR 1,000)
|Overlimit Penalty||INR 600|
|Credit Card Replacement Fee||INR 200|
|Railway Ticket Surcharge Fee||1.8% of the transaction amount + IRCTC Service Charge|
How to get the most out of this card?
To get the most out of this card, you should be able to reap the monthly and annual spend benefits offered by this card. On a total yearly spend of INR 1,98,000, you can obtain 30,000 reward points which are worth INR 7,500. The minimum monthly spend on your card should be INR 15,000 to avail two BookMyShow tickets worth INR 250 each. Similarly, you would get a maximum of 10,000 bonus reward points on spending INR 3.5 Lakhs on your card in a year.
How to Redeem Rewards – RBL Movies and More Credit Card
To redeem your reward points, you need to log in to the RBL Rewards page. After logging in, you can redeem your points for flights hotels, lifestyle vouchers etc. However, you need to redeem at least 1,000 points in a single instance.
Terms & Conditions Explained
- Grace Period: The interest-free period is 20 to 50 days. However, it is not applicable if you have not paid your credit card bill in full for the previous month. Additionally, if you have withdrawn cash from an ATM, this would not work.
- Minimum Rewards point to be redeemed: A minimum of 1,000 reward points need to be redeemed every time you want to make use of your reward points.
Application Requirements or Eligibility Criteria
- KYC-PAN, Address proof and ID Proof
- One photograph
- Salary slip/Form 16
- A good credit history
Negative Customer Feedback
According to mouthshut.com, which is a consumer complaint forum, people mostly complain about poor customer service, inadequate number of ATMs or branches. However, customers are satisfied with the interest rates offered by the bank on term deposits etc. It is the fastest growing small bank in India and offers competitive services.
Other Credit Cards with similar/better Features:
RBL Bank Blockbuster Credit Card
The RBL Bank Blockbuster Credit Card provides 4 complimentary domestic airport lounges per year. Moreover, the milestone spend benefits are more rewarding. With a milestone spend of INR 5,00,000, you get up to 25,000 bonus reward points.
This credit card also offers you 2 free tickets for movies and events on spending INR 20,000 every month. Furthermore, you get a 10% discount on movie tickets i.e. up to INR 100 per ticket for a maximum of 15 transactions a year. You get a Fuel Surcharge waiver like the RBL Movies and More Credit Card.
Citibank Cashback Credit Card
If it is cash back that interests you, the Citibank Cash back stands unparalleled. You get a 5% cash back on movie purchases, telephone payments, utility bill payments and a 0.5% cash back on all other spends. Additionally, it offers 15% discounts on dining bills.
Furthermore, one unique feature of this credit card is that you do not need to use your pin for transactions under INR 2000. A drawback of the Citibank credit card is it does not provide any welcome gift. Nevertheless, the cash back benefits it offers compensates for the lack of welcome benefit.
How to Apply for RBL Movies and More Credit Card?
Fill in your name, gender, mobile number, email id etc and the officer concerned will contact you.
The RBL Bank Movies and More Credit Card does a fine job in offering good entertainment benefits at a reasonable Annual Fee. However, it does not offer airport lounge access or golf privileges. Moreover, one should be careful about paying their card bills on time since this credit card charges a high interest rate.
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