RBL DMI Finance Mastercard Credit Card
RBL Bank
Expert Rating
₹499
Get 2,000 reward points plus a ₹200 BookMyShow movie voucher
3.5%
Contents
RBL DMI Finance Mastercard Credit Card is an entry-level co-branded rewards credit card designed for everyday online and offline shopping. You earn reward points on all eligible spends with higher rewards on online transactions, plus movie offers and spend-based vouchers from brands like Amazon and Swiggy. The affordable ₹499 annual fee is balanced by welcome benefits, milestone rewards, and a fuel surcharge waiver, making it a practical choice for first-time credit card users in India.
Features of RBL DMI Finance Mastercard Credit Card which makes it unique
Co-Branded Digital-First Experience
Jointly issued by RBL Bank and DMI Finance, this card is targeted at existing DMI customers with a digital-first journey.
Faster onboarding and simplified application journey for pre-approved customers.
More seamless for DMI app users compared to standard bank-only cards.
High Value Versus Low Annual Fee
Combines welcome rewards, movie offers, milestone vouchers, and fuel savings at an affordable ₹499 fee.
Potential to recover many times the annual fee in benefits if you hit the spend milestones.
Offers strong value for regular online shoppers in the entry-level segment.
Rewards Structure of RBL DMI Finance Mastercard Credit Card
Online Spends
acceleratedOnline purchases at eligible e-commerce websites and apps, excluding restricted categories.
Best value when used for regular online shopping, bill payments, and everyday digital spends.
Offline Spends
baseIn-store purchases at retail outlets, restaurants, supermarkets, and other physical merchants.
Suitable for day-to-day in-store shopping, groceries, and dining payments.
Fuel Transactions
baseFuel purchases at petrol pumps in India.
Fuel spends earn regular Reward Points while also enjoying 1% fuel surcharge waiver within limits.
Milestones of RBL DMI Finance Mastercard Credit Card
Quarterly Rewards Milestone
₹50,000 per quarter
Annual Amazon Voucher Milestone
₹2,00,000 in a year
Annual Swiggy Voucher Milestone
₹3,00,000 in a year
Fees & Charges of RBL DMI Finance Mastercard Credit Card
Basic Fees
Transaction Fees
Other Charges
Fee Waiver Conditions
Standard annual fee of ₹499+GST is charged from the second year onwards; any fee waiver is only as per limited-period RBL Bank offers, if communicated.
Detailed Fee Structure of RBL DMI Finance Mastercard Credit Card
| Fee Type | Amount | Frequency | Conditions | Note |
|---|---|---|---|---|
| Joining Fee | ₹499 + GST | once | Charged in the first year for primary cardholder. | |
| Annual Fee | ₹499 + GST | yearly | Charged from second year onwards; waiver only if specifically offered by RBL Bank in a campaign. | |
| Finance Charges | Up to 3.99% per month (47.88% p.a.) | monthly | Applicable on unpaid balances and cash advances from the transaction date. | |
| Cash Advance Fee | 2.5% of amount (min ₹500) | transaction | Charged on each cash withdrawal from ATMs and other cash advance channels. | |
| Late Payment Fee | Up to ₹1,300 | per statement cycle | 12.5% of total outstanding, subject to a minimum of ₹5 and a maximum of ₹1,300. | |
| Foreign Currency Markup | 3.5% of transaction value | transaction | Charged on all international transactions and cross-border INR transactions, plus applicable GST. | |
| Reward Redemption Fee | ₹99 + GST | per redemption | Charged once per day when redeeming reward points via RBL Rewards portal. |
Additional Features of RBL DMI Finance Mastercard Credit Card
Instant Digital Card
Eligible invited customers receive instant digital card details after approval.
Card can be viewed and managed via RBL’s digital channels and partner platforms.
EMI on Purchases
Convert large purchases into easy monthly instalments.
Available for eligible transactions as per RBL Bank’s EMI program terms.
Contactless Payments
Tap-to-pay enabled Mastercard for faster, secure transactions.
Contactless limit is governed by RBI and bank policies; PIN may be required for higher amounts.
RBL Rewards Portal
Redeem Reward Points for vouchers, flights, hotels, and merchandise.
Redemptions are subject to a reward redemption fee and portal terms.
Application Process for RBL DMI Finance Mastercard Credit Card
Step-by-Step Process
Receive an eligibility SMS or WhatsApp invite from DMI Finance or check your eligibility on their app/portal.
Click the link provided and proceed to the co-branded RBL application journey.
Fill in personal, contact, and employment details and complete digital KYC as required.
Submit the application and consent to credit checks; if approved, receive instant digital card details.
Physical card is printed and dispatched to your registered address within a few working days.
Instant digital approval for eligible invited customers, with physical card typically delivered within 5–7 working days.
Online Application: Available
Instant Approval: Available
Required Documents for RBL DMI Finance Mastercard Credit Card
ID Proof
allAccepted documents:
Address Proof
allAccepted documents:
Income Proof
salariedAccepted documents:
Income Proof
self-employedAccepted documents:
RBL DMI Finance Mastercard Credit Card Merchant Acceptance Network
Domestic Acceptance
Widely accepted across online and offline merchants in India that support Mastercard credit cards, including major retail, grocery, dining, fuel, and bill payment platforms.
International Acceptance
Accepted at most international merchant outlets and websites that accept Mastercard, subject to RBI rules and enabled international usage.
Online Acceptance
Yes
Payment Technologies
Mobile Wallet Support:
Excluded Merchants
Eligibility Criteria for RBL DMI Finance Mastercard Credit Card
Basic Requirements
Income Requirements
Occupation Types:
Additional Conditions
Available primarily to pre-approved DMI Finance customers who receive an invite via SMS or WhatsApp. Final approval is subject to RBL Bank’s internal credit policy, KYC verification, and a valid PAN and Aadhaar.
Approval Criteria
- Indian resident with minimum age of 21 years.
- Stable income meeting bank-defined thresholds for salaried or self-employed applicants.
- Clean credit history and acceptable credit score as per RBL Bank’s policy.
- Successful completion of KYC, internal risk checks, and verification by RBL Bank and DMI Finance.
Pros of RBL DMI Finance Mastercard Credit Card
- Good reward rate for online spends with clear earn structure.
- Attractive welcome benefits of 2,000 Reward Points and a BookMyShow voucher on activation.
- Multiple spend-based milestones for frequent shoppers.
- Fuel surcharge waiver helps regular drivers save on fuel costs.
Cons of RBL DMI Finance Mastercard Credit Card
- ✗No complimentary airport lounge access or travel-specific privileges.
- ✗Monthly cap of 500 Reward Points limits earnings for very high spenders.
- ✗No co-branded airline or hotel loyalty partners for advanced travellers.
Frequently Asked Questions about RBL DMI Finance Mastercard Credit Card
What is the joining and annual fee for the RBL DMI Finance Mastercard Credit Card?
The joining fee and annual fee for the RBL DMI Finance Mastercard Credit Card are both ₹499 plus applicable GST for the primary cardholder.
What welcome benefits do I get on this credit card?
On activation and completing a valid retail transaction within the specified period, you can get 2,000 Reward Points and a BookMyShow movie voucher worth ₹200, subject to payment of the membership fee and RBL Bank’s terms.
How are Reward Points earned on the RBL DMI Finance Mastercard Credit Card?
You earn 2 Reward Points for every ₹100 spent on eligible online transactions and 1 Reward Point for every ₹100 spent on eligible in-store purchases, with a combined maximum of 500 Reward Points per billing cycle.
How much is one Reward Point worth and how can I redeem it?
Each Reward Point is typically worth around ₹0.25 in value. You can redeem points on the RBL Rewards portal for shopping vouchers, merchandise, travel bookings, or statement credit, as per the latest catalog and terms.
Does this card offer airport lounge access or travel insurance?
No, the RBL DMI Finance Mastercard Credit Card does not currently offer complimentary airport lounge access or dedicated travel insurance benefits. It is primarily positioned as a shopping and lifestyle rewards card.
Who is eligible to apply for the RBL DMI Finance Mastercard Credit Card?
The card is mainly offered to selected existing DMI Finance customers who receive an invitation. You should be an Indian resident, at least 21 years old, meet the minimum income criteria, and satisfy RBL Bank’s internal credit checks and KYC requirements.
What is the minimum spend required to get the BookMyShow Buy 1 Get 1 movie offer?
You need to spend at least ₹5,000 on your card in a calendar month to be eligible for the Buy 1 Get 1 BookMyShow movie ticket offer, with a maximum discount of ₹200 per month, as per the latest offer terms.
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