All cards / RBL Bank
RBL Bank DMI Finance Credit Card
A low-frills fintech co-brand card from RBL and NBFC lender DMI Finance, aimed at first-time or thin-file borrowers. The fee is modest and the rewards are unremarkable, but it's a workable starter card for someone building credit history.
Annual fee
₹499
Joining fee
₹0
Reward type
points
Base reward rate
0.2%
Card network
RuPay
Card tier
Entry
Who this card fits
Best suited to applicants with a credit score of roughly 680+ whose spend is concentrated in online shopping. It's worth the annual fee mainly if your points value clears it.
Rewards & benefits
- Rewards rate: 0.2% base rate
Benefits by category
- 🛍️ Shopping
0.4% reward rate (capped ₹100/monthly)
- ⛽ Fuel
Fuel surcharge waiver up to ₹100/month on ₹500-₹4,000 transactions.
- 🌍 Forex / international spend
3.5% forex markup on international transactions
Eligibility
- Minimum credit score: 680
- Minimum monthly income: ₹15,000
- Employment: salaried, self-employed
- Age: 21–60
Fees & charges
- Rewards redemption fee: ₹99 + GST redemption fee applies on reward-point redemptions
- Foreign currency markup: 3.5%
- Interest rate: 42% p.a.
- Fuel surcharge waiver: Fuel surcharge waiver up to ₹100/month on ₹500-₹4,000 transactions
- Cash advance charges: 2.5% of the withdrawn amount or ₹500, whichever is higher
Benefits
- 2,000 reward points plus a ₹200 BookMyShow voucher on joining.
- Fuel surcharge waiver up to ₹100/month on ₹500-₹4,000 transactions.
- 2,000 bonus points on ₹50,000 quarterly spend; ₹500 Amazon voucher at ₹2 lakh annual spend.
Pros
- + Low annual fee for a card with no FD requirement
- + Simple welcome bonus with a BookMyShow voucher
- + Milestone rewards reachable at moderate spend
Cons
- − No lounge access
- − Reward point value is low
- − Reward points capped at 500 a month