RBL Bank DMI Finance Credit Card
The RBL DMI Finance Credit Card is a digital-first co-brand issued to DMI Finance customers through the DMI app, on the Mastercard network. Its earn is modest and typical of an entry card: 2 reward points per ₹100 on online spends and 1 point per ₹100 offline, with total earning capped at 500 reward points per billing cycle across both rates. The everyday sweeteners are a BookMyShow buy-one-get-one movie offer (up to ₹200, on ₹5,000 monthly spend) and a 1% fuel surcharge waiver (up to ₹100/month), plus a ₹200 BookMyShow voucher on activation. Regular spenders also collect 2,000 reward points for every ₹50,000 spent in a quarter, a ₹500 Amazon voucher at ₹2 lakh a year and an additional ₹200 Swiggy voucher at ₹3 lakh. At ₹499 with no fee waiver, a ₹99 + GST redemption fee and a wide exclusion list that also gates the milestones, it is a convenience card for existing DMI customers rather than a rewards standout.
Key features
What this card is built to do — the highlights that actually matter.
Welcome Benefit
~₹500 in vouchers, points or cashback on card activation
0.5% on Online Shopping
2 RP per ₹100 on online spends (~0.5%); total reward earning capped at 500 RP per billing cycle; ₹99 redemption fee
0.25% on Other
1 RP per ₹100 on offline/other spends (~0.25%); counts toward RBL's single 500 RP monthly ceiling, which is shared with the online rate
Fuel Surcharge Waiver
1% waiver on fuel transactions, capped at ₹100/month
Movie Ticket Benefit
BookMyShow buy-one-get-one movie offer (up to ₹200) on ₹5,000 spend in a billing cycle, plus a ₹200 BookMyShow voucher on card activation
Milestone Bonus
~₹2,000 in bonus rewards on hitting annual spend milestones
Full reward structure
| Category | Type | Rate | Monthly cap |
|---|---|---|---|
| Online Shopping | reward points | 0.5% | ₹125 |
| Other | reward points | 0.25% | ₹125 |
Fees & charges
| Charge | Amount |
|---|---|
| Annual fee (incl. 18% GST) | ₹589 |
| Joining fee (incl. 18% GST) | ₹589 |
| Finance charge (APR) | 3.99% p.m. |
| Forex markup | 3.5% |
| Fuel surcharge waiver | 1%, cap ₹100 |
| Reward redemption fee | ₹99 |
Perks & benefits
Estimated annual value beyond rewards — ~₹5,300/yr in total.
milestone bonus ~ ₹2,000 /yr
2,000 reward points for every ₹50,000 of spend in a calendar quarter — 8,000 points is the annual equivalent, earned at a steady ₹2 lakh a year that clears the quarterly bar all four times
milestone bonus ~ ₹500 /yr
₹500 Amazon voucher on ₹2 lakh of spend in a card year
milestone bonus ~ ₹200 /yr
An additional ₹200 Swiggy voucher on ₹3 lakh of spend in a card year
movie ticket ~ ₹2,000 /yr
BookMyShow buy-one-get-one movie offer (up to ₹200) on ₹5,000 spend in a billing cycle, plus a ₹200 BookMyShow voucher on card activation
fuel waiver ~ ₹600 /yr
1% fuel surcharge waiver up to ₹100/month on fuel transactions between ₹500 and ₹4,000
Milestone ladder
- 1₹2,00,000 a year₹500 of value
- 2₹3,00,000 a year₹200 of value
Should you get it?
Best for: Existing DMI Finance app customers, Moderate online spenders who want a simple entry card with a movie perk
Entry tier — great for first-time and lower-spend users.
Strongest value if you spend heavily on Online Shopping ( 0.5% back).
✓ Pros
- 2 reward points per ₹100 on online spends
- BookMyShow buy-one-get-one movie offer (up to ₹200) plus ₹200 activation voucher
- 1% fuel surcharge waiver up to ₹100/month
- Quarterly and annual milestone vouchers (Amazon, Swiggy) for regular spenders
✕ Cons
- Reward earning capped at 500 points per billing cycle, shared across the online and offline rates
- Thin base earn — 2 RP/₹100 online, 1 RP/₹100 offline; ₹99 + GST redemption fee per redemption day
- Fuel, utilities, insurance, rent, education, wallets, government services, cash and EMI conversions earn nothing, and are excluded from the milestone and movie-benefit spend calculations too
- ₹499 fee has no spend-based waiver
Eligibility & documents
Age
21 –70 years
Min. income
₹20,000 /mo
Employment
Salaried · Self-employed
Documents required
- PAN card
- Aadhaar / valid address proof
- Latest 3 months bank statement
- Income proof — salary slips (salaried) or ITR (self-employed)
- Recent passport-size photograph
How to redeem rewards
Ways to convert what you earn into real value.
🎁 Online rewards catalogue (vouchers, merchandise) via the RBL rewards portal
🎁 Milestone vouchers (Amazon, Swiggy, BookMyShow) credited on qualifying spend
What your RBL Reward Points are worth
Realistic value per point by redemption route — the difference is what most people leave on the table.
Statement credit BEST Standard redemption
Gift voucher catalogue BEST Brand & e-gift vouchers
The concern Reward earning is capped at 500 points per billing cycle and the base rate is thin, so the card leans on the movie BOGO and fuel waiver rather than its rewards — and the ₹499 fee has no waiver.
The bottom line
The RBL Bank DMI Finance Credit Card is a functional co-branded entry card where 2X online reward points, a monthly movie BOGO perk, and a fuel surcharge waiver can recover the ₹499 annual fee for moderate spenders who enjoy cinema outings. However, the restrictive 500-point monthly cap and modest baseline earn rate mean it serves best as an auxiliary card rather than a primary payment instrument.
Sources & verification
Fees, reward rates, and benefits for the RBL Bank DMI Finance Credit Card are taken from RBL Bank 's official Most Important Terms & Conditions (MITC) and fee schedule — see the card's official page . Last verified 15 Aug 2026 . Reviewed by Devchandra Sah . Always confirm current details on the issuer's site before applying. How we research →
Independence. CardAdvisor is an independent editorial publication. We are not affiliated with, endorsed by, sponsored by, or authorised to act for RBL Bank . All issuer names, product names, and payment-network marks are the property of their respective owners and appear here for identification and comparison only. Card faces shown on this site are our own original illustrations — we do not display or host issuer card artwork or logos.
Value timeline
Every real-world change to this card's rewards, fees and benefits we've tracked — newest first, each linked to its source.
Tracking since 2024 · 4 changes · last change Jan 2026
▲ Revaluation ▼ Devaluation ◆ Neutral / reversed
2026 1 change — 1 cut
▼ Fee Observed Jan 2026 · Effective 7 Jan 2026
New 1% fee on large FASTag top-ups and toll payments
No FASTag or toll transaction fee → 1% fee on any FASTag-loading or toll-payment transaction above ₹10,000
From 7 January 2026 RBL Bank charges a 1% fee on any single FASTag-loading or toll-payment transaction above ₹10,000, measured per transaction per card, across merchant category codes 4784, 4111 and 4131. Because the threshold is per transaction rather than a monthly aggregate, it bites on one-off large FASTag top-ups rather than on regular commuting; splitting a top-up below ₹10,000 avoids it. The fee sits alongside RBL's existing 1% charges on rent, on utility spends above ₹50,000 a month, on fuel transactions above ₹10,000, and on education payments routed through third-party apps. It is a fee on the transaction, not a change to reward earning — these categories already earn no reward points on most RBL cards.
Verification: RBL Bank ↗ · Confidence: High
2024 3 changes — 2 cuts, 1 neutral
▼ Fee Effective 15 Oct 2024
New 1% fees on large fuel, utility & education spends
No category transaction fees → 1% on big fuel/utility/third-party-education spends
From 15 Oct 2024 RBL added a 1% fee on every fuel transaction over ₹10,000 (capped ₹3,000/txn), a 1% fee on utility spends above ₹50,000 in a month, and a 1% fee on third-party-app education payments. These apply to this card as they do across the RBL line-up, and are separate from its standard 1% fuel-surcharge waiver on ₹500–4,000 fuel spends, which continues.
Verification: RBL Bank ↗ · Confidence: High
▼ Reward Effective 15 Oct 2024
Reward points removed on several categories
Base points on most offline spends → No points on Education, Govt, Cash, Bills2Pay & similar
Effective 15 Oct 2024 — barely a month after launch — RBL narrowed reward-point earning across its line-up, and no base points now accrue on Education, Government Services, Contracted Services, Cash or Bills2Pay transactions. For this card, whose earn is a thin 2 RP/₹100 online and 1 RP/₹100 offline (capped 500 points per cycle), the change trims the offline base further on those excluded categories.
Verification: RBL Bank ↗ · Confidence: High
◆ Launch Effective 11 Sept 2024
RBL x DMI Finance co-brand card launched
On 11 September 2024 RBL Bank and DMI Finance unveiled this digital-first co-branded Mastercard, issued to DMI Finance customers through the DMI app. Entry-level terms: 2 reward points per ₹100 online and 1 point per ₹100 offline (total earn capped at 500 points per billing cycle), a 2,000-point welcome benefit, a BookMyShow buy-one-get-one movie offer plus a ₹200 activation voucher, and a 1% fuel-surcharge waiver. Joining/annual fee ₹499 + tax, with no spend-based waiver.
Verification: RBL Bank ↗ · Confidence: High
Each change links to the issuer's own document — bank T&C, MITC, notice, press release or product page — where one is public. Where the bank published nothing, it's marked CardAdvisor Research and verified against the card's current terms. Independent of the live terms shown above. This timeline is one card's slice of our market-wide change record across every tracked card.
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Quick summary
Type Entry credit card
Reward rate 0.25%–0.5%
Best for Existing DMI Finance app customers
Joining fee ₹499
Annual fee ₹499
Reviewed by
Devchandra Sah · Cards tested, miles earned, trips booked — for over a decade
Last verified 15 Aug 2026
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280 cards analysed — August 2026
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