MyFinCards
Aspire Banking Credit Card

Joining Fee

Free

Annual Fee

Rs. 1500 (Reversed on annual spends of Rs. 0 Lakhs)

RBL Bank
Cashback
Lifestyle
Travel
Best For: Aspire Banking customers seeking cashback on everyday purchases, Shoppers using RBL Bank Rewards Portal, Occasional domestic travelers

Aspire Banking Credit Card

Rewards Structure

Base Reward Rate

1% on spends

Point Value

1 Point = ₹0.25

Earning Cap

₹1,000 /monthly

Pros

  • Zero annual fee for Aspire Banking customers
  • Unlimited 3% cashback on RBL Rewards Portal categories
  • Cashback credited directly to RBL Bank Savings Account
  • Milestone cashback benefits up to INR 4,500 annually
  • Free movie ticket monthly via BookMyShow

Cons

  • Annual fee of INR 1,500 if not an Aspire Banking customer
  • 1% cashback capped at INR 1,000 per month
  • Redemption fee of INR 99 + GST on cashback redemption
  • Lounge access requires minimum INR 35,000 eligible spend per quarter

Hidden Catches (Transparency Policy)

To build trust with our users, we highlight the fine print that issuers often tuck away in policy documents.

Redemption fee of INR 99 + GST applies on cashback redemption

Lounge access contingent on minimum quarterly spend of INR 35,000

Multiple categories excluded from cashback and milestone benefits

Key Benefits & Features

Detailed benefits inside

Notable Exclusions

No cashback, milestone, or lounge benefits on Fuel, Utilities, Insurance, Quasi-Cash, Railways, Real Estate/Rental, Education, Wallet/Service Providers, Government Services, Contracted Services, Cash, Miscellaneous, Bills2Pay, EMI conversion of retail transactions

*Exclusions may apply to EMI transactions, fuel, and wallet reloads based on current bank policy.

Official Terms & Conditions

About Aspire Banking Credit Card

The RBL Bank Aspire Banking Credit Card is designed exclusively for Aspire Banking customers, combining everyday cashback rewards with wealth-building potential. Cardholders can earn unlimited 3% cashback on purchases made through the RBL Bank Rewards Portal across categories such as flights, hotels, shopping, and vouchers, along with 1% cashback on all other eligible purchases, up to INR 1,000 per billing month. All cashback earned is credited directly to the cardholder's RBL Bank Savings Account, helping grow their wealth with every transaction. The card also offers meaningful milestone rewards, with INR 1,500 cashback for annual eligible spends of INR 3 lakhs and an additional INR 3,000 cashback for spends reaching INR 5 lakhs. Lifestyle benefits include one complimentary domestic airport lounge visit per calendar quarter (on eligible spends of INR 35,000 or more) and a Buy 1 Get 1 free movie ticket offer on BookMyShow each month, up to INR 150. The annual membership fee of INR 1,500 is waived for Aspire Banking customers, making this card a highly rewarding option with zero effective annual cost. When combined with savings account interest of up to 6% and fixed deposit returns of up to 7.2%, the card contributes to an overall annual yield potential of 15.9%, offering exceptional value for engaged Aspire Banking relationship holders.

Expert Review

Our Verdict

Zero annual fee cashback card for Aspire Banking customers with up to 3% cashback and lounge access.

Frequently Asked QuestionsAbout Aspire Banking Credit Card

ELIGIBILITYWho is eligible to apply for the Aspire Banking Credit Card?
The Aspire Banking Credit Card is designed exclusively for RBL Bank's Aspire Banking customers. To be eligible, you need to have an active Aspire Banking relationship with RBL Bank. This card is not available to general banking customers. If you are an existing Aspire Banking customer, you can enjoy the card's full benefits including the waiver of the annual membership fee.
FEESWhat is the annual fee for the Aspire Banking Credit Card?
The Aspire Banking Credit Card carries an annual membership fee of INR 1,500. However, the annual fee is completely waived off for Aspire Banking customers of RBL Bank. If you are not an Aspire Banking customer, you will be charged INR 1,500 as the annual membership fee. There is no joining fee mentioned for this card.
REWARDSWhat cashback can I earn on the Aspire Banking Credit Card?
You can earn unlimited 3% cashback on purchases made across categories like Flights, Hotels, Shop, and Vouchers on the RBL Bank Rewards Portal. Additionally, you earn 1% cashback on all other eligible purchases, capped at INR 1,000 per billing month. All cashback earned is credited directly to your RBL Bank Savings Account, making it a seamless way to grow your savings.
FEESIs there a fee to redeem cashback on the Aspire Banking Credit Card?
Yes, a redemption fee of INR 99 plus applicable GST is charged each time you redeem your cashback. This fee applies regardless of the amount being redeemed. It is advisable to accumulate a significant cashback balance before redeeming to ensure the redemption fee does not offset the value of your cashback. Please refer to the Product Terms & Conditions for complete details on cashback redemption.
REWARDSWhat are the milestone cashback benefits on the Aspire Banking Credit Card?
The Aspire Banking Credit Card offers milestone cashback benefits up to INR 4,500 annually. You earn INR 1,500 cashback when your eligible purchases reach INR 3 lakhs in a membership year. Additionally, you earn an extra INR 3,000 cashback when eligible purchases reach INR 5 lakhs in the same membership year. Note that certain categories like fuel, utilities, insurance, and others are excluded from eligible purchases for milestone calculations.
BENEFITSHow does the free movie ticket offer work on the Aspire Banking Credit Card?
With the Aspire Banking Credit Card, you can enjoy a Buy 1 Get 1 Free movie ticket offer on BookMyShow every month. To avail this benefit, you need to purchase 2 or more movie tickets on BookMyShow using your Aspire Banking Credit Card. The discount is capped at INR 150 per month. This benefit is available every calendar month, offering great savings on your entertainment expenses.
BENEFITSHow can I access airport lounges with the Aspire Banking Credit Card?
The Aspire Banking Credit Card provides 1 complimentary domestic airport lounge visit per calendar quarter at major airports across India. To be eligible for the lounge access benefit, you must have made eligible purchases of INR 35,000 or more in the respective calendar quarter. Categories such as fuel, utilities, insurance, quasi-cash, and others are excluded from eligible spend. Please check the RBL Bank website for the complete list of participating airport lounges.
USAGEWhich transaction categories are excluded from cashback and milestone benefits?
Several transaction categories are excluded from cashback, milestone benefits, and lounge access eligibility. These include: Fuel, Utilities, Insurance, Quasi-Cash, Railways, Real Estate/Rental, Education, Wallet/Service Providers, Government Services, Contracted Services, Cash transactions, Miscellaneous, Bills2Pay, and EMI conversion of retail transactions (including Split-N-Pay and EMI conversion requests made at POS, web, or mobile app). Please refer to the Product Terms & Conditions for a complete list of exclusions.
USAGEWhere is my cashback credited for the Aspire Banking Credit Card?
All cashback earned through the Aspire Banking Credit Card — whether from the 3% cashback on the RBL Bank Rewards Portal, the 1% cashback on eligible purchases, or milestone cashback benefits — is credited directly to your RBL Bank Savings Account. This unique feature allows your cashback to grow your savings balance, contributing to the overall annual yield of your Aspire Banking relationship. Please check the Product Terms & Conditions for details on cashback validity.
BENEFITSWhat is the overall annual yield I can earn through the Aspire Banking relationship?
RBL Bank's Aspire Banking relationship can deliver an annual yield of up to 15.9%. This includes up to 6% annual interest on your Savings Account, up to 7.2% annual interest on Fixed Deposits, and credit card benefits worth up to INR 17,100 annually (a value back of 3.4% and cash value back of 2.2%). The Aspire Banking Credit Card plays a key role in maximizing this overall yield through cashback and other benefits.
APPLICATIONHow do I apply for the Aspire Banking Credit Card?
The Aspire Banking Credit Card is exclusively available to RBL Bank Aspire Banking customers. To apply, you can visit the RBL Bank website and navigate to the Aspire Banking Credit Card page, or visit your nearest RBL Bank branch. You may also be able to apply through the RBL Bank MyCard mobile app or via online banking. It is recommended to contact RBL Bank directly or visit a branch for guidance on the exact application process and required documentation.
DOCUMENTSWhat documents are required to apply for the Aspire Banking Credit Card?
While specific documentation requirements are not listed on the card page, standard documents typically required for a credit card application in India include: a valid identity proof (Aadhaar, PAN card, Passport), address proof, recent passport-sized photographs, and income proof such as salary slips or bank statements. As this card is exclusive to Aspire Banking customers, your existing relationship with RBL Bank may simplify the documentation process. Please contact RBL Bank or visit a branch for the exact document checklist.
INTERNATIONALCan I use the Aspire Banking Credit Card for international transactions?
The page content does not specify international usage details or a forex markup fee for the Aspire Banking Credit Card. Generally, RBL Bank credit cards can be used for international transactions wherever the card network is accepted. However, forex markup charges may apply on international spends. It is recommended to refer to the Schedule of Charges on the RBL Bank website or contact RBL Bank customer care for specific details on international usage and applicable fees.
CANCELLATIONHow can I cancel or close my Aspire Banking Credit Card?
To cancel or close your Aspire Banking Credit Card, you can contact RBL Bank's customer care team, raise a request through the 'Raise a Query/Request/Complaint' section on the RBL Bank website, or visit your nearest RBL Bank branch. Before cancellation, ensure you have redeemed any pending cashback (redemption fee of INR 99 + GST applies), cleared all outstanding dues, and cancelled any standing instructions linked to the card. It is advisable to confirm the closure process directly with the bank.
REWARDSIs the 1% cashback on all purchases unlimited on the Aspire Banking Credit Card?
No, the 1% cashback on all eligible purchases is not unlimited. It is capped at INR 1,000 per billing month. This means that regardless of your total spending in a month, the maximum cashback you can earn from the 1% general cashback rate is INR 1,000. However, the 3% cashback on purchases made through the RBL Bank Rewards Portal (on categories like Flights, Hotels, Shop, and Vouchers) is unlimited and has no monthly cap.

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