
Rio Money Credit Card
Rio Money Credit Card is a co-branded credit card in collaboration with Rio. Rio combines the power of a credit card with the ease of UPI and rewards you for every transaction you make. This lifetime free credit card is the ultimate payment solution that works seamlessly with UPI, allowing you to Scan & Pay anywhere using your card. It offers exclusive rewards, complimentary lounge access, and much more, all in one app.
Key Highlights of the Rio Rupay Credit Card
Below are the key highlights of the Rio Rupay Credit Card:
Joining fee | Nil |
---|---|
Annual fee | Nil |
Complimentary lounge access | 2 complimentary domestic airport lounge visits in India per calendar quarter on a minimum quarterly spend of Rs. 50,000 |
Rewards | 3% Rio Coins on spending every Rs. 100 using Rio UPI |
Age | 21 to 60 years old |
Income | Rs. 25,000 per month or ITR of Rs. 7.5 Lakhs & above |
Features & Benefits of the Rio Money Credit Card
The following are the features and benefits offered by the Rio Money Credit Card.
- It is a lifetime free card with absolutely no fees.
- 1% fuel surcharge waiver.
- For all transactions made using Rio UPI, earn 3% Rio Coins on spending every Rs. 100 (minimum transaction amount should be Rs. 50).
- 4 Rio Coins = Rs. 1, can be redeemed directly to your bank account.
- 2 complimentary domestic airport lounge visits in India per calendar quarter on spending Rs. 50,000 or more in a quarter.
- Pay anywhere UPI works, accepted by 100+ million merchants.
- Pay amounts from Rs. 1 Lakh to Rs. 2 Lakhs in one go.
- Convert big purchases into easy EMIs.
Rio Money Credit Card Fees & Charges
- First year membership fee: Nil
- Renewal membership fee: Nil
- Interest rate on revolving credit/ cash advances/ overdue amount: 3.99% per month (47.88% annually)
- Rental transactions fee: 1% of transaction value or Rs. 1, whichever is higher, for transactions up to Rs. 1,000 and 1% of transaction value or Rs. 199, whichever is higher, for transactions above Rs. 1,000
- Wallet transactions charges: Minimum 1% of transaction value or Rs. 1, whichever is higher
- Utility charges: 1% + GST (maximum Rs. 3,000 a month) on all utility transactions above Rs. 15,000 in a month
- Education fee payment charges: 1% + GST (maximum Rs. 5,000 a month) on education transactions done via third-party websites & apps
- Fuel transaction charges: 1% + GST (maximum Rs. 5,000 per customer per calendar month) on every fuel transaction above Rs. 10,000
Rio Rupay Credit Card Eligibility Criteria
To be eligible for the Rio Money Credit Card, you will have to meet the following criteria:
- Occupation: Salaried or self-employed.
- Age: 21 to 60 years old.
- Income: minimum net salary of Rs. 25,000 per month or Income Tax Return (ITR) of Rs. 7.5 Lakhs and above.
- Existing YES BANK credit cardholders are not eligible for this card
Documents Required for Rio Money Credit Card
To apply for the Rio Money Credit Card, you generally need the following documents:
- Identity proof: Aadhaar Card/ Passport/ Driving License.
- Address proof: Electricity Bill/ Telephone Bill/ Driving License/ Ration Card/ Passport/ Voter ID.
- Income proof: Salary Slips for the last 3 months, Form 60, Bank Statements for the last 2 or 6 months, and ITR.
- Other documents: PAN Card, completed application form, and passport-sized photographs.
The bank may request additional documents based on your application and internal policies.
How to Apply for Rio Rupay Credit Card
- Download the Rio app from your mobile app store.
- Open the app and follow the instructions to start the application process.
- Enter your mobile number and provide the OTP for verification.
- Fill in the application form and upload the necessary documents.
- Ensure you meet the income criteria of a minimum net salary of Rs. 25,000 per month or an Income Tax Return of Rs. 7.5 Lakhs and above
- Submit your application for processing.
FAQs
The Rio UPI credit card comes with zero annual fee.
Yes, the Rio credit card is a lifetime free card.
Yes, you can use the Rio Money Card for UPI payments. It is specifically designed to work with UPI via the Rio app. After activating your credit card in the Rio app, it will be automatically set up for UPI, allowing users to make payments through scanning merchant QR codes and confirming with their UPI PIN.
No, there is no joining bonus with the Rio Money Credit Card.
Yes, the Rio Money Credit Card provides 2 complimentary domestic airport lounge visits in India per calendar quarter on spending Rs. 50,000 or more in a quarter.