RBL Bank TVS Credit Card

Quick verdict: An entry-level TVS co-brand with a low ₹500 fee, a fuel surcharge waiver, a quarterly railway-lounge visit and a buy-one-get-one movie ticket. The rewards themselves are thin — about 0.5% online once you value the points honestly — so treat it as a perk card, not a rewards engine.

The RBL Bank TVS Credit Card is an entry co-brand issued with TVS Credit, aimed at first-time cardholders and the TVS mobility ecosystem. It sits at the accessible end of the market: a ₹500 fee, a modest income bar, and a bundle of small everyday perks. The question every applicant should ask is whether those perks earn their keep, because the reward rate underneath them is slim.

What it earns — and how thin that really is

The headline is "2 reward points per ₹100 online, 1 point in-store." That sounds respectable until you value the points. RBL's reward points on this card are worth roughly ₹0.25 each, so 2 points per ₹100 online works out to about 0.5%, and the in-store rate to 0.25%. The 2X online rate is also capped at 1,000 points a month — about ₹50,000 of online spend — after which you drop to the base.

The honest framing: this is a card whose value lives in its perks, not its points.

Just as important is what does not earn at all. Fuel and auto, utilities, insurance, rent, education, wallets, government services, railways, cash and EMI conversions are all excluded. For a lot of households that is a large slice of monthly spend earning nothing.

The perks that actually carry it

Where the card gets more interesting is the benefit bundle, which is generous for a ₹500 co-brand:

• A fuel surcharge waiver — 1% back (up to ₹100 a month) on fuel spends between ₹400 and ₹5,000.
• One complimentary executive railway-lounge visit every calendar quarter — a genuinely uncommon perk at this fee, useful if you travel by train.
• A buy-one-get-one movie ticket (up to ₹200 off) on BookMyShow once you cross ₹10,000 of spend in a month.
• A 2,000-point welcome bonus on your first purchase, and another 2,000 points as an annual milestone at ₹1.5 lakh of spend.

Add those up and a regular traveller-and-moviegoer can extract more from the perks than from the rewards. That is the right way to think about this card.

The fee math

There is no spend-based fee waiver on this card. RBL's product page and its Most Important Terms and Conditions both list the ₹500 + GST membership fee with no waiver clause attached, so budget for it in year one and at every renewal, and weigh it against the perks you will actually use. There is also a ₹99 + GST reward redemption fee via the RBL rewards portal, which further nibbles at the already-thin point value.

One more number worth knowing before you revolve a balance: RBL does not price interest per card, it prices it by credit-bureau band, within a published ceiling of 3.99% a month. Above a CIBIL score of 775 the rate is 3.35% a month, between 725 and 775 it is 3.85%, and below 725 it is the full 3.99%.

How it compares within RBL

If your priority is a category discount rather than perks, RBL's own line-up has sharper tools. The RBL ShopRite gives 5% on supermarket spend within its cap, and the RBL Fun+ was built around a monthly BookMyShow voucher for a similar fee, though it is now closed to new applicants. Against those, the TVS card's appeal is its combination of small perks plus the railway-lounge visit, rather than a single standout benefit. If you want a step up in the same family with lounge access and dining cashback, the TVS Gold exists at a ₹1,500 fee — but only makes sense if you hit its higher spend thresholds.

Who should hold it

The TVS Credit Card suits a TVS Credit customer or first-time cardholder who will genuinely use the railway-lounge visit, the fuel waiver and the movie benefit, and whose online spend fits inside the 1,000-point monthly cap. For that person the perks comfortably clear the ₹500 fee.

It is the wrong card for anyone chasing a high everyday reward rate, for bill-and-fuel-heavy spenders (those categories earn nothing), and for anyone who would rather have one strong category benefit than a scatter of small ones. If you want to understand how much a card like this actually returns on your spending, our rewards-rate guide walks through valuing points honestly before you apply.

Should you get it?

The RBL Bank TVS Credit Card is a fair entry co-brand as long as you buy it for the right reasons. The perks — railway lounge, fuel waiver, movie tickets and a couple of point milestones — are the product; the 0.5%-online reward rate is a modest bonus, not the draw. Judge it on the perks you will use, keep the exclusions in mind, and it earns its modest place in a starter wallet.