The Roar Bank Credit Card is a new entrant in India credit card market. With no joining or annual fees, flexible UPI-based payments, and a generous cashback program of up to 20%, it positions itself as a smart, fee-free alternative for young professionals, students, and first-time credit users. But its complex cashback withdrawal limits and interest free period can be challenging for some people. This review explores its features, limitations, and real-world usability to help you decide if Roar Bank deserves a spot in your wallet.
Table of Contents
Key Features & Benefits
1. 2-in-1 Card: Credit Card + Savings Account
Roar bank credit card have a feature that combines a credit line and a savings account on a single card.
2. Lifetime Free: No Joining or Annual Fees
Forget about hidden charges. Roarbank levies zero joining fees, zero annual membership fees, and zero renewal or replacement fees, making it one of the most cost-effective cards on the market .
3. Instant Credit Limit & Approval
Get instant approval of up to ₹150,000 during app registration, with a real-time credit limit displayed in your Roar bank App. Enjoy up to 62 days of interest-free credit on purchases .
4. Attractive Savings Rate
Earn up to 7.5% p.a. interest on your linked Roarbank Savings Account — a rate that outpaces many traditional savings products.
5. UPI & “Shake to Pay”
Seamlessly scan any QR code or simply “shake” your phone to find nearby friends and split bills instantly. UPI payments from both credit and savings balances ensure maximum flexibility .
Cashback Up to 20%
1. Pick Two Categories Each Month
At the start of each billing cycle, open your Roarbank App and select two high-cashback categories from a list that typically includes:
- Utilities
- Grocery
- Fuel
- Dining
- Entertainment
- Travel
- Online Shopping
- Pharmacy
2. Earn Tiered Rates
- Upto 20% cashback on your spends in each selected category (cumulatively capped).
- 1% cashback on utility/mobile top-ups if unselected as category.
- No cashback for other unselected category of the month.
3. Monthly Cap & Withdrawal
- You can withdraw your accrued cashback at any time, subject to a minimum withdrawal of ₹250 and a maximum of ₹2,500 per calendar month.
- Any cashback that you don’t withdraw will be carry forward and can be withdrawn next month subject to limit of ₹2,500.
Cashback Examples
Example-1
| Category | Selected? | Spend (₹) | Cashback Rate | Cashback Earned (₹) |
|---|---|---|---|---|
| Grocery | Yes | 3,000 | 20% | 600 |
| Fuel | Yes | 2,000 | 20% | 400 |
| Online Shopping | No | 4,000 | 0% | 0 |
| Utilities (bills) | No | 1,000 | 1% | 10 |
| Total | 10,000 | 1,010 |
In this example, a maximum cashback rate of 20% has been used for illustration purposes; however actual cashback can be less than 20% as per the specific promotional offers run by the company.
Example-2
| Category | Selected? | Spend (₹) | Potential Cashback | Capped Cashback |
|---|---|---|---|---|
| Dining | Yes | 8,000 | 1,600 | 1,600 |
| Entertainment | Yes | 10,000 | 2,000 | 900¹ |
| Travel | No | 5,000 | 0(0%) | 0 |
| Total | 23,000 | 3,650 | 2,500 |
¹ Although 20% on ₹10,000 dining = ₹2,000, your monthly max withdrawal is ₹2,500. Since you already have ₹1,600 from Dining, you can only add ₹900 from Entertainment this month before hitting the cap.
What Happens:
- Total cashback would be ₹1,600 + ₹2,000 = ₹3,600.
- But you can only withdraw up to ₹2,500 in that month, so ₹1,600 + ₹900 (partial Entertainment) + ₹0 (Travel ) = ₹2,500.
- The remaining balance of ₹1,100 will be carryforward and can be withdrawn in next month.
Transactions Not Eligible for Cashback (Excluded Categories)
While Roarbank offers robust cashback, certain transaction types do not earn rewards. Excluded categories typically include:
- Cash Advances & ATM Withdrawals (including fees & interest)
- Funds Transfers via NEFT/RTGS/UPI/IMPS from your savings account
- Balance Transfers & EMI Conversions
- Fees & Charges (joining, annual, late-payment charges, over-limit fees, etc.)
- Finance Charges & Penal Interest on overdue amounts
- Rent Payments (MCC 6513) and other service-fee transactions
- Insurance Premiums, Tax Payments, Membership Fees, and similar government or institutional charges
- Refunds & Reversals — cashback on refunded purchases is deducted from your accumulated balance
Always check your Roarbank App’s transaction history for detailed cashback eligibility and contact customer support if you believe an eligible transaction was excluded.
62-Day Interest-Free Period Practically Useless
Roarbank’s 2-in-1 card works differently from a regular credit card. If you have money in your linked savings account, the card uses that money first for payments — not the credit limit. So even though the card says you get up to 62 days without interest, that only applies if you’re spending more than what’s in your savings account.
This means you’re often spending your own money instead of using the credit. As a result, the benefit of getting extra time to repay (which is the main feature of credit cards) doesn’t really apply unless your savings balance is low. For people who always keep money in their savings account, the 62-day interest-free offer isn’t very useful in real life.
Conclusion
In short, the Roar Bank Rupay Credit Card is great if you want no fees and good savings interest. Its cashback program can save you money, but you need to plan your category picks and withdrawals. Remember that your savings balance is used first, so the 62-day interest-free feature may not always help you. Overall, it’s a handy card for regular savers, students but less useful for credit card geeks.
