For most people, carrying multiple cards is becoming a hassle. You have multiple debit cards to carry; in most cases, there are two or three credit cards, and then there is a bunch of other plastic like a driving license, Aadhaar card and so on. One wonders if they could get a card that has features of a debit card, EMI card, or cash card and have the benefits of a credit card. Here is a SuperCard, curated by Bajaj Finserv and RBL Bank that does just that.
SuperCard that works like an EMI card
This 4-in-1 card works like an EMI card. For example, Anshika picks up a microwave from one of our partner network outlets. She wants to opt for our EMI offer for a flexible tenure of 18 months. She can put her purchase on her SuperCard.
SuperCard that works like a debit card
Anshika has a limit of 1 lakh on her SuperCard. She can withdraw the amount as cash from any ATM of any bank across India. Anshika will not have to pay any interest for up to 50 days. Also, she only needs to pay a flat processing fee of 2.5% of the cash amount (minimum Rs. 500) + GST.
SuperCard that works like a loan card*
During the month, Anshika made purchases worth Rs. 50,000 on her SuperCard. She still has an available card limit of Rs. 50,000. She can call the RBL Bank customer care (022-71190900) and convert this into a personal loan. Rs. 50,000 will be credited to her bank account within 24 to 48 hours. Anshika can pay back in 3 EMIs with a nominal interest rate of 1.16% charged per month.
Note: You can use this facility only once in 12 months.
And of course, a SuperCard that works like a credit card
Our SuperCard is loaded with unmatched benefits and a generous rewards program. From airport lounge access to free movie tickets and more, you can use this SuperCard for your daily transactions to enjoy the benefits. Want to refill the fuel in your car? Pay with the card and enjoy the waiver. This is just one of the perks; there are many more.
Welcome rewards and 2x reward points:
Making the most of your credit card's initial rewards is a terrific way to get started with the rewards program. When you first get your credit card, you will receive a welcome bonus earned by simply putting your major and minor expenses on your card.
Let us take an example. If you receive your card on October 1, you can put your expenses like rent, shopping, and groceries bills, worth Rs. 40,000 until October 30. You will then get 4,000 bonus reward points that you can use later.
You may also double the reward points for all online purchases and monthly rents. In other words, if you spend Rs. 100, you will get two reward points instead of regular 1.
Annual fee waiver:
Most credit cards charge an annual fee, which may add up to a significant amount year on year. You could put things like rent, dining out bills, and grocery bills totaling up to Rs. 1,00,000. Doing that will waive off the following year's fee.
Freebies and airport lounge access:
You will also get two complimentary airport lounge access in a year. Additionally, you can enjoy a free movie ticket by purchasing one ticket.
Platinum Plus First-Year-Free SuperCard
Zero joining fee:
The card comes with similar benefits as Platinum Plus SuperCard but also gives you a complete waiver on the joining fee.
Annual fee waiver:
Additionally, you have an opportunity to get the entire annual year for next year waived off. That can be done by putting expenses like rent, dining out bills, grocery bills etc., totaling up to Rs. 1,00,000.
You can also enjoy privileges like airport lounge access, occasional discounts on products, free movie tickets, fuel waiver, etc.
*The loan is provided by RBL Bank as per their discretion and is subject to its policies.