What Makes MoneyTap Credit Card 2.0 Different?

credit card credit card
Make Payments Yes Yes
Earn Reward Points Yes Yes
100% Cash Withdrawal Yes No
Transfer Funds to Own Account Yes - in only 3 steps on the app No
Partial Repayments for Cash Withdrawal Yes - with low interest EMIs Yes - but a very high interest
Can Double as a Personal Loan Yes No
Manage Credit, Repayment and Fund Transfer Through an App Yes No

What Benefits
Do You Get?

Super-charged credit card offering benefits across a wide range of products

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  • group

    100% cash withdrawal on credit

  • group

    24/7 global cash access

  • big rewards

    Big rewards on first swipe

  • big payment

    Repayments possible with very low interest rates

  • annual fees

    Annual fees waiver on usage of more than ₹ 1 lakh

  • repayments

    Easily available with just one tap on a friendly interface

  • group

    Flexibility to choose your EMIs

  • group

    Great discounts on fuel, food, shopping and entertainment

How to Apply for MoneyTap Credit Card 2.0?

Our friendly chat bot will quickly walk you through a secure registration process that requires you to follow these 4 steps:

Step 1 - Download & Register
Fill in your basic details like your age, city, PAN number and income to determine if you qualify for MoneyTap’s credit line in real-time.

Step 2 - KYC Documentation
Once you are pre-approved for MoneyTap’s personal line of credit, a KYC visit will be scheduled for collecting documents which are then verified for a final approval.

Step 3 - Use as Cash or Card
After the final approval, the money will reach your bank account in a jiffy! You can either withdraw your entire approved limit in one go or as little as ₹ 3,000.

Step 4 - Choose flexible EMIs
Repay your borrowed amount in easy EMIs with convenient tenures that range from 2 months to 36 months, and track every transaction in one place!

*Note: MoneyTap Credit Card 2.0 is available only for RBL bank approved customers.
mobile and credit card

Eligibility Criteria

  • Must be a full-time salaried employee with a minimum take-home salary of ₹ 30,000/month
    Must be a self-employed professional with an income of at least ₹ 30,000/month

    (Only certain professionals like doctors, lawyers, or business owners qualify)

  • Must be above 23 years and below 55 years of age
  • Must be a resident of one of the following cities:

    (Ahmedabad, Ambala, Anand, Aurangabad, Bengaluru, Bharuch, Bhopal, Bhubaneshwar, Chandigarh, Chennai, Coimbatore, Dehradun, Delhi, Erode, Faridabad, Gandhinagar, Greater Noida, Ghaziabad, Guntur, Gurgaon, Guwahati, Haridwar, Hyderabad, Indore, Jaipur, Jodhpur, Kochi, Kolhapur, Kolkata, Lucknow, Mangalore, Mohali, Mumbai, Mysore, Navi Mumbai, Nagpur, Nashik, Noida, Panchkula, Pune, Raipur, Rajkot, Salem, Secunderabad, Surat, Thane, Tirupati, Trichy, Vadodara, Vijayawada, Visakhapatnam)

Required Documents

  • Pan Card Number
  • Professional Selfie

    (To be taken on the MoneyTap App)

  • Address Proof

    (Valid Driving License / Valid Passport / Aadhar Card)

  • ID Proof

    (Valid Driving License / Valid Passport / Voter's ID / Aadhar Card / Pan Card)

Credit Card Related Pages

Someone like you is happy with us.
Here's what they said!


Praveen Dsouza

" It feels great to have an app like MoneyTap to make any money transactions and also view it whenever required. The app is quite user-friendly and easy to use. I would suggest anyone requiring a credit card to go with MoneyTap."


Amrit Kalita

" This is an amazing app. The application process on the app is very simple. Within minutes, I got to know my eligibility. The option of paying back in EMIs was very good. I liked the passcode verification on the app very much, it adds lots of security. "

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MoneyTap Credit Card FAQs

A credit card allows the cardholder to buy goods and services on the condition that the amount has to be repaid with interest every month. In simple terms, a credit card can be used for buying a pizza or a ticket to France – depending on the approved limit.

Credit cards give you buying power that is instant when you don't have cash on hand or when you don't want to use cash. From purchasing groceries and shopping online to booking a hotel room and renting a car on a vacation; credit cards are a quick, convenient and secure mode of payment for people.

CVV is short for "card verification value". It is generally the 3-digit number located at the back of the card, to the right side of the signature strip. However, it may differ for different types of credit cards. In the case of VISA and MasterCard, the CVV number is always the last 3 digits and in case of American Express credit/debit card, it is a 4-digit code.

The basic difference between a debit and a credit card lies in the way these cards pull money. With a debit card, the money is deducted from your bank account but with a credit card, you're borrowing the money and so, it is charged to your credit line.

MasterCard and Visa are global card companies that manage credit cards while RuPay is India’s domestic payment processing network designed to substitute international payment networks like Visa, MasterCard, and American Express.

Credit Cards Charge Cards
Have a pre-approved credit limit No pre-set spending limit
Most issuers raise the limit periodically Don’t extend credit
Allow repayment of purchases over time To be paid off immediately
Relatively low annual fees High annual fees
Offer more choice and flexibility Choice remains limited to select consumer and business cards

As the name implies, these credit cards have an easy online application system that offers a quick decision on whether you qualify or not so, within a few minutes you know if you’ve been approved or not.

According to experts, credit cards are relatively more secure as they come with added protection, attractive discounts and reward programs that make them a better payment option.

A credit card balance transfer is when you repay the balance on your existing card or personal loan by transferring the outstanding amount to another card so all your debt gets consolidated and you need to track only one payment.

Credit card interest rates are typically charged at a yearly rate and this rate is known as the annual percentage rate or APR. However, on most cards, you can avoid the interest charges if you are regular with your monthly payments.

Yes, before approving the loan they need to verify your creditworthiness and repayment ability.

Yes, a credit card will affect your CIBIL score positively if you make the minimum monthly payment by the due date. Similarly, if you miss out on credit card repayment, it is sure to hurt your CIBIL score.

When you apply for a credit card online and get pre-approved, it means that you meet the eligibility criteria and qualify for a credit card.

If you pay more than the amount due, the balance amount gets added to your credit limit.

Yes, you can prepay your outstanding bills before the due date.

Yes, you can use it for international transactions for which standard international charges are applicable at various merchants.

No, there are no charges on the card if you repay your spends on time. Timely credit card repayment also improves your CIBIL score.

The charges you make on the card are interest-free as long as you repay by the due date every month. With MoneyTap, you also have the option of converting every card swipe that exceeds ₹ 3,000 to EMIs if you don’t wish to repay during the billing cycle. The applicable interest rate along with service charges will be reflected in real-time on your app as soon as you convert the purchases into EMIs.

If you convert your card spend to EMIs, you can repay within 2 to 36 months depending on your cash flow and convenience.

With MoneyTap Credit Card 2.0, you can withdraw your entire approved limit right away. MoneyTap is India’s first credit card to offer the feature of 100% cash withdrawal in one go!

Yes, your credit card limit can increase if you pay your EMIs and bills on time. There is a very good chance that our partner banks will raise your limit provided you don’t have other loans that reduce your repayment ability and you haven’t seen a significant reduction in your income.

Our credit card repayment works just like any other credit card bill payment. You would be directly paying to our partner bank. The app will display the amount you owe and also send you a repayment reminder. You can choose to make the credit card payment online using your app or repay through a cheque.

You require a good credit score to get approved for credit cards or loans for buying a car, home or consumer durables. Once you start using MoneyTap and withdraw cash or convert card swipes into EMIs and make timely monthly payments, you start building your credit history and this is the best way to improve your CIBIL score.

However, if you delay or default your monthly credit card payments, your credit score will be impacted. But you don’t need to worry because we will be reminding you regularly on your app so you don’t miss your credit card payment.

Our bank partners raise your credit limit based on your income, credit history and the details you give on the app about yourself. However, this limit can also be decreased or blocked based on your repayment pattern.

  • ₹ 499 + GST as Annual Line Setup Fee in order to avail of the MoneyTap facility. This amount allows us and our banking partners to “block” the amount of money so that you can withdraw it 24 hours a day, 7 days a week. The above fee also includes all the initial home visits and processing of your KYC.
  • The annual fee is waived off the year after you sign up if you transact for more than ₹ 1,00,000. Any payments you make using the card while shopping will be interest-free provided you pay it back within the due date every month.
  • You will also have the option to convert any card spend of more than ₹ 3,000 to EMIs on your MoneyTap app if you do not want to pay it back during that billing cycle. The interest and service charges will be shown to you on your app at the time of conversion.
  • Zero pre-payment penalties: If you choose to make a full repayment of any one of your withdrawal amounts ahead of time, we charge zero pre-payment penalties.
  • There is no fee for downloading the app and getting the approval. Even if you are denied for any reason, you will not pay any fees.

Every time you withdraw money from the app, you are charged 2% plus service tax as processing fee only on the amount of cash withdrawn and this fee gets added to your next credit card statement.

You are eligible to apply for a credit card if you meet all of the following qualifications:

  1. Full-time employee or self-employed professional with a net income of ₹ 30,000/month.
  2. Age should be above 23 years and below 55 years.
  3. Business owners should have a minimum monthly income of ₹ 30,000.
  4. Must be a resident of one of the following cities:
    Bangalore, Delhi NCR (Delhi, New Delhi, Noida, Greater Noida, Ghaziabad, Faridabad, Gurgaon), Mumbai (Mumbai, Navi Mumbai, Thane), Chennai, Pune, Hyderabad, Secunderabad, Gandhinagar, Ahmedabad, Chandigarh, Jaipur, Vadodara, Mohali, Anand, Panchkula, Vijayawada, Vizag & Indore.

    (MoneyTap will expand to other cities shortly!)

You don’t need to apply for a credit card because you get a MoneyTap Credit Card 2.0 as an additional bonus feature when you apply for your Credit line.

Your MoneyTap Credit Card 2.0 will be issued once your credit line is approved. When the credit card is dispatched, you will get an SMS with the courier name and the required tracking details.

You will receive your credit card statement every month on your registered email app. You will also receive an SMS 3 days before your email statement is generated.

You can generate the PIN for the first time from the MoneyTap app. If you want to change the PIN, you need to contact the bank.

You can contact the RBL Bank to block your MoneyTap Credit Card 2.0 by reaching out to them via e-mail: cardservices@rblbank.com or call on their toll-free number: 1800 121 9050.

Website: www.rblbank.com

You can spend as much as your approved credit limit and to see your approved credit limit, you can check the MoneyTap app.

You should receive your credit card within 3 - 4 business days after your credit line is approved. For security reasons, you need to receive the card first to transfer the money from the app.

No, you can’t get a MoneyTap credit card if you don’t have a bank account.

No, you won’t be issued an add-on card.

You can contact the RBL bank when you want to renew your credit card.

The minimum “in-hand” salary required to get approved for MoneyTap Credit Card 2.0 is ₹ 30,000.

You will receive an overlimit email but you need not worry. Just wait for the statement to be generated and pay accordingly.

The billing period depends on your approval but you can easily check your credit card billing cycle on the MoneyTap app.

You don’t receive the credit card PIN. For security reasons, MoneyTap requires that you generate the PIN on your app.

You can contact RBL Bank to block your MoneyTap Credit Card 2.0 by reaching out to them via Email: cardservices@rblbank.com or at the toll-free number: 1800 121 9050. Here is their website for further assistance: www.rblbank.com.

Go to the app and you will find the settings button on the top right corner. Click on Make Payment and it will take you to the Payment page where you will be asked to give your card and account details for processing the payment.


You can also visit http://www.rblbank.com/make-your-credit-card-payments-instantly.aspx if you wish to make the payment through a NEFT transfer, ECS or through a Bank branch.

Annual Membership Fee ₹ 499 + GST (18%)
Processing Fee 2% + GST
MoneyTap Premium Credit Card ₹ 3,000