RBL Bank Launches Edition Credit Cards in partnership with Zomato

By | March 3, 2020

RBL Bank, one of the popular player in co-brand credit card segment partners with Zomato, one of the leading food delivery giant to issue co-brand credit cards on Mastercard network, on which most of the co-brand credit cards in the country operate.

There are two variants of this RBL Bank Zomato co-branded credit cards: Edition Classic and Edition the entry level & premium variant respectively. Here’s everything you need to know,

RBL Bank Zomato Edition Credit Cards (Image: RBL)

Edition Classic (Base Variant)

  • Annual Fee: Rs.500+GST (you get 500 Edition cash)
  • Membership Benefit: Zomato Gold membership (in your city)
  • Return on Dining Spends: 5%
  • Return on any Online Spends: 1.5%
  • Return on any other Spends: 1%
  • Milestone Offer: 2L spend to get 2K edition cash (1%)
  • 1 Edition Cash = Rs.1
  • Edition Cash: Edition Cash works just like real money. Use it to order food online or to pay at restaurants, using your Zomato app. Or use it like real cash to settle your Credit Card bill.

This is a very good value proposition for entry-level segment and can be quite compared with Axis Flipkart Credit Card to an extent as this also gives 1.5% returns on online spends.

To maximize the returns, spend 2L a year online to get 2.5% back (including milestone spends) and that is as grand as what a premium credit card offers. (considering only reward rate though).

Edition (Premium)

  • Annual Fee: Rs.3000+GST (no edition cash), renewal fee reversed on 2.5L spend.
  • Membership Benefit: Zomato Gold membership (Global)
  • Return on Dining Spends: 10%
  • Return on any Online Spends: 2%
  • Return on any other Spends: 1%
  • Milestone Offer: 5L spend to get 2K edition cash (0.4%)
  • Lounge Access: Domestic: 2/qtr ; International: 2/yr
  • 1 Edition Cash = Rs.1
  • Edition Cash: Edition Cash works just like real money. Use it to order food online or to pay at restaurants, using your Zomato app. Or use it like real cash to settle your Credit Card bill.

If I understand it right from the website, you don’t get edition cash for the joining fee, but yes you get Zomato Gold Global membership which could be factored-in while calculating the value received from joining fee.

To maximize the returns, spend 5L a year online to get 2.4% back (including milestone spends) but that is not exiting enough unless you use the Zomato Gold Global benefit.

Bottomline

Overall a good implementation of design & features, especially on the base variant which is where most of the RBL users are in. But speaking about the premium version, they could have done a lot better as the wow factor is missing.

They could have removed the International lounge access on premium variant and given 4K Edition cash as joining benefit with a better milestone offer like 5K edition cash (instead of 2L) on 5L spend. That would ideally make it more of a Dining card rather than Dining+Lifestyle card.

Anyway, that’s my point of view. What’s your thoughts on the newly launched Zomato credit cards? Feel free to share your thoughts in the comments below.

Thanks to Nihar Das for sharing details of the card.

8 thoughts on “RBL Bank Launches Edition Credit Cards in partnership with Zomato

  1. Prashant Gupta

    With so many card to choose again there will be few takers for the premium version…poorly thought off. Infact RBL has so Many cards, i think the sales team itself will be confused 😀.

    Reply
  2. Prem Taparia

    Any idea how to apply for this card? As per the RBL website, we need to download Zomato app to apply for this card. But the Zomato app does not have any link or information about this card! And worse, both Zomato and RBL are clueless about this issue 🙁

    Reply
    1. raj

      Zomato Chat team confirmed that the card is yet to be published. Need to wait

      Reply
  3. rahul

    One important benefit of Edition card:
    International purchases with a foreign currency mark-up fee of just 1.5%.

    Reply
  4. Ankit Jain

    One important benefit of Edition card: which could not find in Classic ( may require update in details)

    Edition Cash: “Or use it like real cash to settle your Credit Card bill.”

    only written in Edition card webpage 🙂 .. please revisit and confirm me too.

    Also, if someone find live on Zomato, please update here..

    Thanks,

    Reply
  5. Abhinandan

    Has the card been released yet? Zomato app doesn’t show any option to apply!

    Reply

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