The Rio Money Credit Card is a Rupay based credit card designed to offer rewards and benefits on everyday transactions. It is particularly suited for individuals who frequently use UPI transactions, providing cashback to enhance the overall value of spending.
Card Overview
Currently the card is being offered through the Rupay network with banking partner as Yes Bank.
| Category | Details |
|---|---|
|
Type of Card |
FinTech Credit Card |
|
Joining Fee |
Nil |
|
Reward Rate |
0.75% Cashback |
|
USP |
Fractional rewards on UPI transactions |
|
Best Use For |
UPI Spends |
Joining & Renewal Fees
The Rio Money Credit Card comes with a moderate annual fee, which can be easily offset by its annual spends.
| Category | Details |
|---|---|
|
Joining Fee |
Nil |
|
Renewal Fee |
₹399 + GST |
|
Renewal Fee Waiver |
Spend ₹1.2 lakh in a year to waive the fees |
Rio Coins Earning Potential
The card offers a rewarding program named as Rio Coins. Each coin is equivalent to ₹0.25
| Spend Type | Reward Rate |
|---|---|
|
UPI Transactions |
3% Rio Coins = 0.75% cashback |
|
Non-UPI Transactions |
1% Rio Coins |
Rio coins earned through each UPI transaction is unlimited. You also get fractional rio coins. This means that if you spend ₹150 on the card, you will receive 4.5 rio coins. It makes this as unique feature for this credit card. Below categories won’t earn any Rio Coins
- Wallet (MCC 6540)
- Gift vouchers
- Fuel (MCC 5541, 5542)
- Rent (MCC 6513)
- Cash withdrawals, Cash Advance Fee & Charges
- EMI Transactions
Rupay UPI Feature
The Rio Money Credit Card supports RuPay UPI, allowing cardholders to make seamless digital transactions directly from their credit card. This feature enhances convenience, especially for everyday purchases and bill payments.
Rewards Redemption
This card offers Rio Money which can be seamlessly converted into statement cashback. 4 Rio coins are equivalent to ₹1
Design and Appearance
The card features a modern vertical design pattern with travel, tech, gaming categories in the background image.
Airport Lounge Access
| Benefit | Domestic Lounge Visits |
|---|---|
|
Lounge Visits |
Unknown |
|
Quarterly Limits |
Unknown |
Foreign Currency Transaction Fee (Forex)
The Rio Money Credit Card charges a 3.5% fee on foreign currency transactions.
Fuel Surcharge Waiver
The card provides a 1% fuel surcharge waiver on transactions between ₹400 and ₹5,000, up to ₹250 per statement cycle.
Golf Benefits
The Rio Money Credit Card does not offer specific golf benefits.
Eligibility and Application
Magnify Rating
Conclusion
The Rio Money Credit Card is good choice for those who use UPI for their daily spends with assured cashback of 0.75%. Earning rewards for transactions of as low as 50 is a plus. If you don’t have a Yes Bank Credit card, this comes handy for various bank based offers like 15% off on Swiggy Instamart, discount on flight tickets. Check all Yes bank offers here. It’s always good to have a free card in your wallet.