RBL Bank Novio Credit Card
Joining Fee
Renewal Fee
Best Suited For
Reward Type
|
Welcome Benefits
Movie & Dining
N/A
Rewards Rate
2 Reward Points per ₹100 for all your online spends, 1 Reward Point per ₹100 for all other spends (exclusions may apply).
Reward Redemption
N/A
Travel
N/A
Domestic Lounge Access
N/A
International Lounge Access
N/A
Golf
N/A
Insurance Benefits
N/A
Spend-Based Waiver
N/A
Rewards Redemption Fee
₹99 + GST
Foreign Currency Markup
3.5%
Interest Rates
3.99% per month (47.88% annually)
Fuel Surcharge
1% or ₹10, whichever is higher
Cash Advance Charges
2.5% of the Cash Amount (min. ₹500)
- RBL Bank Novio Credit Card is Credilio’s co-branded credit card with RBL.
- ₹500 + GST, making it a budget-friendly option for everyday spending.
- It supports UPI and is available on the RuPay Select network for added ease of use.
- 2 Reward Points for every ₹100 spent online and 1 Reward Point for every ₹100 spent offline.
Pros
- 2x the rewards on online spending
- Annual Milestone Benefits for bonus points
Cons
- No additional Lifestyle Perks or Discounts
Welcome Bonus
Upon getting the card, users get a generous welcome bonus of 2,000 Reward Points on making purchases of ₹5,000 within 30 days of card issuance.
Rewards Rate
The card offers an accelerated reward rate for online transactions: 2 Reward Points for ₹100 spent and 1 Reward Point per ₹100 spent on all other offline transactions. However, rewards cannot be earned on transactions involving fuel and auto, Education, Railways, Insurance, Government Services, charges, GST, and more.
Annual Milestone Benefit
The card has milestone offers for customers where cardholders earn a bonus of 1,000 Reward Points upon spending ₹1.5 lakhs in a year and a bonus of 2,000 Reward Points upon spending ₹3 lakhs in the whole year.
Bottom Line
With an annual fee of ₹500 + GST, RBL’s Novio Credit Card is a pretty affordable option for people looking for their first credit card. With the generous welcome bonus and milestone rewards, it is an excellent choice for those looking to earn rewards while making regular transactions. Plus, the ability to use it with UPI and the RuPay Select network adds extra convenience and flexibility. The card is ideal for everyday spending; however, it may not offer the lifestyle benefits of other cards available on the market.
FAQs:
What is the annual fee for the card?
Can I use this card internationally?
Is the RBL Novio Credit Card suitable for first-time credit card users?
Can I use the Novio Credit Card for UPI payments?
What is the welcome bonus for the RBL Novio Credit Card?