RBL Bank Binge Credit Card – Benefits, Fees & Eligibility

Introduction

The Bajaj Finserv RBL Bank Binge SuperCard is a co-branded credit card designed to offer elevated living experiences, particularly for online shoppers and those who frequently use the Bajaj Finserv app. Positioned as a mid-range card, it provides a decent reward rate, offering 12 reward points per ₹100 spent online and on the Bajaj Finserv app. Key differentiating benefits include 4,000 reward points as a welcome bonus, free movie tickets every month via BookMyShow, and complimentary domestic airport lounge access across India. The card also features an emergency cash advance facility and a fuel surcharge waiver.

Welcome Benefits

• Receive 4000 reward points as a welcome benefit.
• To avail this, spend Rs. 2000 within 30 days of getting the card.
• This welcome benefit is not applicable if the card is offered as a first-year free credit card; it is only available if the Rs. 999 joining fee is paid.

Fees

• Joining Fee: Rs. 999 + GST. The card is currently available first year free for new customers, but the welcome benefit requires paying the joining fee.
• Renewal Fee: Rs. 999 + GST, applicable from the second year onwards.
• Spend-Based Waiver: The renewal fee can be waived off on spending Rs. 1 Lakh or above in the card anniversary year.
• Rewards Redemption Fee: Rs. 99 per redemption request made on the card.
• Foreign Currency Markup: 3.5% of the transaction amount plus taxes.
• Interest Rates: 3.99% per month or 47.88% per annum.
• Fuel Surcharge Waiver: 1% fuel surcharge waiver on eligible transactions of ₹500 to ₹4000, with a maximum monthly benefit of ₹100.
• Cash Advance Charges: 2.5% of the withdrawn amount or a minimum of Rs. 500, whichever is higher.
• IRCTC Railway Tickets: 1.8% plus taxes on the purchase and cancellation of IRCTC railway tickets.
• Rental Payments: 1% of the transaction amount on all rental payments.

Rewards

Reward Rate

• Earn 12 reward points per Rs. 100 spent online and on the Bajaj Finserv App.
  • Accelerated reward points are capped at 800 points per month.
  • Specific categories excluded from earning accelerated points include utilities, rental payments, education, and insurance.
• Earn 1 reward point per Rs. 100 spent on offline purchases elsewhere.
• The value of 1 Reward Point varies from ₹0.11 to ₹0.25 across different categories on RBL Rewards.

Movies

• Get 1 movie ticket free per month through BookMyShow with a Buy One Get One (BOGO) offer.
• The offer is available on any day of any month.
• The price of the free ticket should be up to ₹200.

Travel

• Domestic Lounge Access: Get 2 complimentary domestic lounge access per year, with a maximum of once per quarter.
• International Lounge Access: Not applicable.

Cashback

• Get 5% cashback on down payments made at any of the eligible Bajaj Finserv partner stores.

Emergency Cash Advance / Personal Loan

• Convert your available cash limit to a personal loan for 3 months at an interest rate of 1.16% per month, without any processing fees.

Golf

• Not applicable.

Insurance

• Not applicable.

Rewards Redemption Guide

• The reward points can be redeemed against various categories like shopping, travel, mobile recharge, etc., on the RBL Rewards platform (www.rblrewards.com).

Card Eligibility Criteria

• The applicant must be 25 to 65 years old.
• The cardholder’s residential address must fall in a SuperCard service location.
• The applicant must have at least one Credit Card that is at least 1-year-old and has a minimum credit limit of Rs. 35,000.
• The credit score of the applicant must be at least 720 or higher, without any previous defaults in the records.
• The applicant must have a regular source of income.

Card Review

The Bajaj Finserv RBL Bank Binge SuperCard is a strong offering, especially for those who frequently shop online or through the Bajaj Finserv app. With over 1 million customers, it has proven popular, particularly among first-time cardholders. The card charges an annual fee of ₹999 plus taxes from the second year, which can be waived by spending ₹1 Lakh annually. Its top features include an emergency cash advance service, a high reward rate on specific spends, complimentary domestic lounge access, and free BookMyShow movie tickets. Additionally, it offers cashback on Bajaj Finserv partner stores and a fuel surcharge waiver. This card is ideal for individuals seeking a comprehensive card that combines shopping benefits, entertainment perks, and travel conveniences, along with unique financial flexibility options like the emergency cash advance.

Important Product Details

• Receive 4000 reward points as a welcome benefit on spending Rs. 2000 within 30 days of card issuance (not applicable for first-year free cards).
• Earn up to 12 reward points per Rs. 100 spent online and on the Bajaj Finserv app (capped at 800 points per month, with exclusions for utilities, rental payments, education, and insurance).
• Get a Buy One Get One (BOGO) offer on BookMyShow movie tickets, once per month, for tickets up to Rs. 200.
• Enjoy 2 complimentary domestic lounge access visits per year, limited to once per quarter.
• Receive 5% cashback on down payments made at eligible Bajaj Finserv partner stores.
• Convert your cash limit into a personal loan for 3 months at a 1.16% interest rate per month, with no processing fees.
• The renewal fee is waived on spending Rs. 1 Lakh or more in the card anniversary year.
• Benefit from a 1% fuel surcharge waiver on transactions between Rs. 500 and Rs. 4000, with a maximum monthly benefit of Rs. 100.
• The joining fee is Rs. 999 + GST.
• The annual fee is Rs. 999 + GST (from the second year).
• A rewards redemption fee of Rs. 99 applies per request.
• Foreign currency transactions incur a 3.5% markup plus taxes.
• Interest rates are 3.99% per month or 47.88% per annum.
• Cash advance charges are 2.5% of the withdrawn amount or a minimum of Rs. 500, whichever is higher.
• A charge of 1.8% plus taxes applies to IRCTC railway ticket purchases and cancellations.
• A 1% charge on the transaction amount applies to all rental payments.

Other Details

• The SuperCard was launched in March 2019.
• The card has garnered over 1 million customers in India, many of whom are first-time cardholders.
• All benefits and features are subject to Terms & Conditions.
• To apply, authenticate with an OTP, fill out an application form with basic information, and proceed with E-KYC.
• After successful application, approval, and KYC verification, the card will be delivered to the provided address within 5 to 7 working days.