Rupicard

If you’re just getting started on building your credit history, getting approval for a credit card may not be easy. With the Rupicard, you don’t need a credit score. Instead, you can enjoy guaranteed approval*. All you need to do is book a fixed deposit (FD) and apply for the card. This FD-backed card comes without any joining or annual fee and offers perks like cashback.

When you use this credit card to transact online or offline, you can earn points on eligible purchases. Once you earn 100 points, you can convert them into cashback, which will help you pay your next bill’s outstanding balance. This way, your reward points directly contribute to paying your bill. 

A. Reward Points 

• You can earn 2 reward points for every ₹100 you spend at physical stores or in e-commerce transactions

• You do not get reward points on cash withdrawals, jewellery purchases, wallet transfers, fuel, rent, and utility payments

• You can convert points to cashback at the rate of 1 reward point = ₹0.25

 

Here is an example:

Disclaimer: The above example is for illustration purposes only. 

B. Redemption Process

You will receive communication from the issuer when cashback is available on your card. You can redeem reward points as cashback when you have a minimum of 100 points. The cashback will be adjusted on the outstanding balance on your card. No reward redemption fees are applicable. 

C. Expiration 

There is no expiration date on rewards you earn on the Rupicard. Your rewards will be valid as long as the card is active.

D: Example of Savings

Continuing the example from above, here is a look at what your annual expenses and savings will look like: 

Disclaimer: The above example is for illustration purposes only. The actual rewards and savings may vary based on the policies of the issuer and on the timely payment of credit card dues. Please check with the card issuer before applying. 

 

This example demonstrates that you can save ₹180 when you spend a total of ₹36,000 on your Rupicard in a year. This will save you ₹180 against the outstanding amount on your next credit card bill.

Here are all the charges you can expect to incur when using this card:

Note: A GST of 18% is applicable on the above-mentioned charges.

 

Disclaimer: These fees and charges are also subject to change at the discretion of the issuer. Before applying, check the issuer’s Most Important Terms and Conditions (MITC) document to verify.

The Rupicard eligibility criteria require you to be at least 18 years old to apply for the card. Other than that, you can benefit from a 100% guarantee of getting this card when you book an FD as per the terms and conditions. 

 

Note: Rupicard is currently not available/serviceable in the following regions - Assam, Jammu & Kashmir, Ladakh, Tripura, Manipur, Meghalaya, Mizoram, Nagaland, Arunachal Pradesh, Andaman & Nicobar Islands and Sikkim.

 

Disclaimer: The above information is only indicative. The issuer reserves the right to approve or reject the credit card application.

Unlike traditional credit cards, Rupicard doesn't require submitting income proof or a credit score check. While no documents are required for the application, you'll need a valid PAN card to complete the Video KYC process. 

 

Disclaimer: The above information is only indicative. The issuer reserves the right to approve or reject the credit card application.

To get the Rupicard apply online on Bajaj Markets. Check the steps below to get an idea of how to apply:

1. Click ‘Check Eligibility’ and fill in your date of birth, mobile number, and occupation

2. Enter the One-Time Password (OTP) sent to your phone number

3. Double-check the pre-filled details like your PAN number, PIN code, email ID, and income information

4. Explore the available options

5. Complete your application

6. Download the Rupicard app and fill in the details

 

You will be asked to create a Fixed Deposit & complete Video KYC. Once done successfully, you will be issued Rupicard instantly and you’re all set to make the most of its benefits.

In case of any queries, you can contact SBM Bank’s customer care:

• Call 080 69819393 or 1800 1033 817

• Email support@rupicard.com

*The applicant must have created a Fixed Deposit of the required amount successfully and their video KYC must have been approved by the partner bank.

Reference of all T&C necessarily refers to the terms of the Partners as regards to pre-approved offers and loan processing time amongst other conditions.