Bajaj Finserv RBL Bank Binge SuperCard – Benefits, Fees & Eligibility

Bajaj Finserv RBL Bank Binge SuperCard

Introduction

The Bajaj Finserv RBL Bank Binge SuperCard is designed for individuals seeking elevated lifestyle benefits, particularly around shopping, movies, and travel. Launched in March 2019, this SuperCard has garnered over a million customers in India, many of whom are first-time cardholders. It offers a strong reward rate, providing 12 reward points for every ₹100 spent online and on the Bajaj Finserv app, complemented by 1 reward point on other offline spends. Key features include emergency cash advance, free movie tickets on BookMyShow, complimentary domestic lounge access, and a fuel surcharge waiver, aiming to provide a comprehensive suite of benefits for its users.

Welcome Benefits

• Receive 4000 reward points as a welcome benefit upon spending ₹2000 within the first 30 days of card issuance.
• This welcome benefit is not applicable if the card is availed under a first-year-free offer for new customers.

Fees

• Joining Fee: ₹999 + GST
• Renewal Fee: ₹999 + GST
• Spend-Based Waiver: The renewal fee can be waived off on spending ₹1 Lakh or more in the card anniversary year.
• Rewards Redemption Fee: ₹99 per redemption request made on the card.
• Foreign Currency Markup: 3.5% of the transaction amount plus applicable taxes.
• Interest Rates: 3.99% per month or 47.88% per annum.
• Fuel Surcharge: 1% fuel surcharge waiver on eligible transactions ranging from ₹500 to ₹4000. The maximum monthly benefit for fuel surcharge waiver is capped at ₹100.
• Cash Advance Charges: 2.5% of the withdrawn amount or a minimum of ₹500, whichever is higher.
• IRCTC Railway Ticket Charges: 1.8% plus taxes on the purchase and cancellation of IRCTC railway tickets.
• Rental Payment Charges: 1% of the transaction amount on all rental payments.

Rewards

• Reward Type: Reward Points.
• Best Suited For: Shopping.
• Rewards Rate:
  • Earn 12 reward points per ₹100 spent online and on the Bajaj Finserv App. This accelerated reward points earning is capped at 800 points per month.
  • Specific categories are excluded from earning accelerated points, including utilities, rental payments, education, and insurance.
  • Earn 1 reward point per ₹100 spent on other offline purchases.
• Movies & Dining:
  • Get a Buy One Get One (BOGO) offer on BookMyShow movie tickets, available once per month. The price of the complimentary ticket should be up to ₹200.
  • Avail free movie tickets every month at BookMyShow.
• Travel:
  • Receive 2 complimentary domestic lounge access passes per year.
  • Lounge access is limited to a maximum of once per quarter.
  • Complimentary airport lounge access across India.
• International Lounge Access: Not Available (NA).
• Golf: Not Available (NA).
• Insurance Benefits: Not Available (NA).
• Lifestyle & Cashback:
  • Emergency Cash Advance: Convert a portion of your available card limit into a personal loan for 3 months at an interest rate of 1.16% per month, with no processing fees.
  • Cashback Benefit: Get 5% cashback on down payments made at any of the eligible Bajaj Finserv partner stores.

Rewards Redemption Guide

• Reward points can be redeemed against various categories, including shopping, travel, and mobile recharge, via the RBL Rewards platform.
• The value of 1 Reward Point varies from ₹0.11 to ₹0.25 across different redemption categories on RBL Rewards.
• A fee of ₹99 is charged for every reward redemption request.

Card Eligibility Criteria

• Age: The applicant must be between 25 to 65 years old.
• Residency: The cardholder's residential address must fall within a SuperCard service location.
• Existing Credit Card: The applicant must possess at least one credit card that is a minimum of 1-year-old and has a minimum credit limit of ₹35,000.
• Credit Score: A credit score of at least 720 or higher is required, with no previous defaults in the applicant's records.
• Income: The applicant must have a regular source of income.

Card Review

The Bajaj Finserv RBL Bank Binge SuperCard caters to a broad audience, evidenced by its significant customer base exceeding 1 million. It offers a balanced mix of benefits, making it suitable for frequent online shoppers and those who enjoy movie outings. The card's high reward rate on online and Bajaj Finserv app spends, coupled with the BookMyShow BOGO offer, provides tangible value. The inclusion of domestic lounge access and a fuel surcharge waiver adds convenience for travelers and daily commuters. While the emergency cash advance feature offers financial flexibility, it's important to note the associated interest rate. The renewal fee waiver on achieving a spend milestone makes it rewarding for high-spenders. Overall, it's a valuable card for individuals looking for a versatile credit card with strong rewards in everyday spending categories, particularly if they frequently transact with Bajaj Finserv partners.

Important Product Details

• Receive 4000 reward points as a welcome benefit on spending ₹2000 within 30 days of getting the card (not applicable on first-year-free cards).
• Earn up to 12x reward points per ₹100 spent online and on the Bajaj Finserv app.
• Enjoy a Buy One Get One (BOGO) offer on BookMyShow movie tickets, available monthly.
• Get 2 complimentary domestic lounge accesses per year.
• Receive 5% cashback on down payments made at Bajaj Finserv partner stores.
• Convert a portion of your cash limit into a personal loan for 3 months at a 1.16% interest rate.
• Benefit from a renewal fee waiver upon spending ₹1 Lakh or more in the card anniversary year.
• A 1% fuel surcharge waiver is applicable, with a maximum monthly benefit of ₹100.