Roar Bank: A Lifetime Free Credit Card That Actually Give You 20% Cashback

What is Roar Bank?

Roar Bank isn't just a regular credit card. It’s a "neo-banking" experience that combines a savings account and a RuPay credit card into one app. It’s backed by Unity Bank, which means your money is handled by a regulated bank while you get the features of a modern, fast app.

Key Features at a Glance

1. Flexible Cashback (The "Pick Two" System)

Unlike other cards that give you fixed points, Roar Bank lets you choose where you want to save.

• Monthly Choice: On the 1st of every month(You can choose any time unless you pick befor for that month), you pick two categories (like Groceries, Fuel, Dining, or Movies) to earn up to 20% cashback.

  Instant Rewards: There are no "reward points" to track. The cashback appears in your app almost instantly after you spend.

  Direct Repayment: You can use your earned cashback to pay off your card bill immediately within the app.

  Note: Keep in mind that there is usually a monthly limit on how much cashback you can earn (around ₹2,500).

2. The "2-in-1" Smart Card

This is the most unique part of Roar Bank. It combines your Unity Bank Savings Account and your RuPay Credit Card into one experience.

• First Savings, Then Credit: When you swipe, the app first uses the money in your savings account. Once that is used up, it automatically switches to your credit limit.

• Higher Spending Power: This "dual balance" system effectively gives you a higher spending limit than just a standard credit card.

3. Built for UPI Payments

Since it is a RuPay card, it is designed to work perfectly with the UPI system.

• Scan & Pay: You can link the card to your favorite UPI apps and scan any merchant QR code to pay using your credit limit.

• Shake to Pay: A fun feature in the Roar app where you can literally "shake" your phone to send money to friends who are nearby.

4. Beginners Welcome (Starter Limits)

If you have never had a credit card before, Roar Bank is very friendly.

• Build Your Score: They offer a "Starter Credit Limit" specifically for people with no credit history. This helps you build a good credit score from scratch.

  Instant Approval: The application process is 100% digital and usually takes less than 5 minutes to get a virtual card you can use right away.

5. Advanced App Controls

The card is managed entirely through the Roarbank app, which includes some high-end features:

• Private Mode: You can hide your balance and transaction history with one tap if you are in a public place.

  Expense Analytics: It gives you clear charts showing exactly where your money is going (e.g., how much you spent on "Food" vs "Travel").

  Security: You can instantly lock your card, change your PIN, or set daily spending limits yourself without calling customer service.

How the Card Works:-

1. The "Dual-Balance" Logic

This is the "brain" of the card. It is designed to make sure your payments never fail.

• The Switch: When you swipe your card or scan a QR code, the app checks your Unity Bank Savings Account first. If you have enough money there, it works like a debit card.

• The Bridge: If your purchase is for ₹5,000 but you only have ₹2,000 in your savings, the card automatically uses your Credit Limit to cover the remaining ₹3,000.

• Overlimit Protection: If you go over your total credit limit, it will pull the extra amount from your savings account so you don't get hit with "overlimit fees" (which most banks charge).

2. Setting Up UPI (Step-by-Step)

Since this is a RuPay card, its biggest selling point is UPI. Here is how users actually set it up:

1. Open any UPI app (like PhonePe, Google Pay, or Paytm).

2. Go to "Link Credit Card" or "Add RuPay Credit Card."

1. Important: You won't find "Roar Bank" in the list. You must search for "Unity Small Finance Bank."

1. Once selected, the app will find your card details. Set your 6-digit UPI PIN, and you can now scan any shop's QR code to pay using your credit limit.

3. The "Choice-Based" Rewards

The rewards aren't automatic—you have to "activate" them every month.

• Pick Your Wins: On the 1st of every month, you open the Roar app and select two categories (e.g., "Shopping" and "Food").

• Real Money: The 20% cashback is credited to your account as real cash, not points. You can use this cash to pay your next credit card bill directly in the app.

4. Cool App Features ("The Human Touch")

The Roar app includes features you won't find in traditional bank apps:

• Shake to Pay: You can literally shake your phone while the app is open to send money to nearby Roar users without typing a phone number.

• The 7-Second Undo: If you accidentally send money to the wrong person via UPI, the app has a "Panic Button" that lets you undo the payment within 7 seconds.

• Private Mode: If you’re in a crowded place, you can turn on Private Mode to blur your balance and transaction amounts on the screen.

5. The Application & KYC

For an article, it’s helpful to explain how fast the process is:

• Digital KYC: You don't need to visit a branch. You do a Video KYC call through the app. You just need to show your original PAN card to the camera.

• Starter Limits: If you are a student or have no "CIBIL score," the bank often starts you with a smaller Starter Limit (like ₹5,000) to help you build your credit history safely.

Fees and Charges:-

While the Roar Bank credit card is a "lifetime free" card, there are still a few fees and charges you should know about to avoid any surprises.

Since Roar Bank is a digital product of Unity Small Finance Bank (not "Unnity"), it is governed by their official banking rules and RBI. Here is a clear breakdown of the costs.

A Closer Look at the Charges

1. Interest and Grace Periods

The card offers one of the longest interest-free periods in India—up to 62 days. This includes a 3-day grace period. However, if you don't pay the "Total Amount Due" by the deadline, the bank will charge 3.5% interest per month on the remaining balance from the date of the purchase.

2. Late Payment Fees

If you miss your payment date, the bank charges a penalty. This is calculated as 2% of whatever you still owe, but they will always charge at least ₹500 even if 2% is a smaller amount.

• Example: If you owe ₹10,000 and miss the date, the fee would be ₹500 (since 2% of ₹10,000 is only ₹200).

3. The "No Overlimit Fee" Benefit

This is a unique feature. Because the card is linked to a Unity Bank savings account, if you try to spend more than your credit limit, the card will automatically take the extra money from your savings account. This means you do not get charged a penalty fee for going over your limit, which most other banks charge (usually around ₹500).

4. EMI (Easy Monthly Payments)

If you buy something worth more than ₹2,000, you can split it into monthly payments (2 to 24 months) directly in the app. The interest is a flat 1% per month. For example, if you split a ₹10,000 purchase, you pay about ₹100 in interest each month.

5. ATM and Cash Charges

• From Savings: Withdrawing cash using the card from your savings balance is generally free (subject to standard ATM limits).

• From Credit: If you use your credit limit to withdraw cash, standard credit card cash advance fees will apply. It is always better to use your savings balance for cash to avoid high interest.

Is it Right for You?

This card is a great choice if you are a first-time credit card user or a student. Since it is easy to get and has no yearly costs, it’s a low-risk way to start building your credit score.

How to Apply

To get started, you just need to download the Roarbank app from the Play Store or App Store. You will need your PAN card and Aadhaar for a quick video KYC (Know Your Customer) check. Once approved, you get a virtual card instantly and the physical card arrives at your door a few days later

Or you can use our diract link:-
Roar Bank Credit Card LTF Apply Now →