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BankBazaar SaveMax Credit Card

Annual Fee

FREE

Rewards/₹100

₹0.20 - ₹2.00

Normalized to balance base rate with bonus categories

Interest Rate

47.88%

Credit Score

750+

At a Glance

Key Benefits

Lifetime free, 5x grocery rewards, 10% Zomato/BMS, free credit monitoring

Lounge Access

No lounge access available

Eligibility

Age: 21-65 years, CIBIL: 750+, Indian citizen, stable income

Quick Details

Annual Fee
FREE #1
Joining Fee
FREE #1
Interest Rate
47.88% p.a. #267
Forex Markup
3.50% #75
Rewards/₹100
₹0.20 - ₹2.00 #143
Reward Type Reward Points
Reward Currency Points
Min Credit Score
750+ #186
Min Monthly Income ₹25
Network VISA
Late Payment Fee ₹1,300
Cash Advance Fee 2.50% (min ₹500)
Cheque Return Fee ₹500

Reward Structure

Base

All Spends

₹0.20 /₹100
Cat

Groceries

₹1.00 /₹100
Partner

Zomato

₹2.00 /₹100

Reward Calculator

Allocate by Category100%
Groceries
5.0 pts
50%₹25,000
Zomato
10.0 pts
30%₹15,000
Other Spends
1.0 pts
20%₹10,000
Your Rewards
Points Earned160
Cash Value₹32
Breakdown
Groceries50
Zomato10
Other Spends100
Total Value₹32
Quick amounts:

Insurance Coverage

Lost Card

₹25,000

Lost card liability protection

Lifestyle Perks

Other

12 /year

Free monthly credit advisory report from BankBazaar

Other

Lifetime-free CreditStrong subscription for credit monitoring

Dining

10.00% off

10% cashback on Zomato up to Rs.100/month

Movies

10.00% off

10% instant discount on BookMyShow up to Rs.100/month

Emi

EMI conversion on purchases above Rs.2,500

Quick Analysis

RBL BankBazaar SaveMax is a solid lifetime-free entry-level card for grocery shoppers and those building credit. The free credit monitoring tools add value, but lack of lounge access limits its appeal.

Pros

  • Lifetime FREE - no joining or annual fee
  • 5x rewards on groceries (2.5% return, capped at 1,000 points/month)
  • 10% cashback on Zomato (up to Rs.100/month)
  • 10% instant discount on BookMyShow (up to Rs.100/month)
  • Free monthly credit advisory report from BankBazaar
  • Lifetime-free CreditStrong subscription
  • Pre-approved loans without documentation
  • Air India Rs.1,000 off on international flights
  • EMI conversion on purchases above Rs.2,500

Cons

  • No airport lounge access
  • No insurance coverage
  • 3.5% forex markup
  • High APR of 47.88%
  • Modest base reward rate (0.2% on general spends)
  • Monthly caps on bonus rewards
  • Reward redemption fee of Rs.99+GST
  • Many categories excluded from rewards
  • Invite-only through BankBazaar partnership

Best For

First-time cardholders, grocery shoppers, Zomato/BookMyShow users, credit builders

Not Ideal For

Travelers, lounge seekers, premium benefit seekers, high-value spenders

Frequently Asked Questions

Is this card really lifetime free?
Yes, RBL BankBazaar SaveMax has no joining fee and no annual fee for life. It is completely free to own.
What is the reward structure?
You earn 5 reward points per Rs.100 on groceries (capped at 1,000 points/month = Rs.200 value) and 1 point per Rs.100 on other categories. Each point is worth Rs.0.20.
What cashback offers are available?
You get 10% cashback on Zomato (up to Rs.100/month) and 10% instant discount on BookMyShow (up to Rs.100/month).
What is CreditStrong?
CreditStrong is a credit monitoring service from BankBazaar that helps you track and improve your credit score. It comes free for life with this card.
Is there lounge access?
No, the RBL BankBazaar SaveMax Credit Card does not offer any airport lounge access benefits.

User Reviews

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