RBL Bank iGlobe Credit Card – Benefits, Fees & Eligibility

Introduction

The RBL Bank iGlobe Credit Card is an RBL Bank offering specifically designed for Non-Resident Indian (NRI) customers, positioning itself as a valuable asset for managing finances easily while living abroad. This card simplifies online shopping, travel bookings, and everyday purchases without the need for currency exchange, while also helping to build a credit history in India. Key differentiating benefits include attractive rewards on international transactions, easy access to funds, exclusive offers, a significant welcome benefit, and comprehensive travel and lifestyle perks like airport and railway lounge access, and golf privileges.

Welcome Benefits

• Get a MakeMyTrip voucher worth ₹3,000 as a welcome benefit.
• To avail the voucher, you must:
  • Use your card for an eligible purchase within 30 days of card issuance/receipt.
  • Pay the annual membership fee by the due date shown on your first statement.
• The voucher will be sent to your registered mobile number and email address via SMS and email.
• Expect the voucher to be credited to your account within 60 days after meeting the conditions.

Fees

• Joining Fee: ₹3,000 + GST
• Annual Fee: ₹3,000 + GST
• Spend-Based Waiver: Not applicable.
• Rewards Redemption Fee: ₹99 + GST, levied one time for redemptions made in a single day.
• Foreign Currency Markup: 1.5% on international transactions.
• Interest Rates: 3.99% monthly / 47.88% annually.
• Fuel Surcharge Waiver: 1% waiver on fuel transactions between ₹500 and ₹4,000. Maximum waiver of ₹250 per month.
• Cash Advance Charges: 2.5% of the cash amount, with a minimum charge of ₹500.

Rewards

• Reward Type: Reward Points.
• Rewards Rate:
  • Earn 5 Reward Points for every ₹100 spent on domestic purchases.
  • Earn 10 Reward Points for every ₹100 spent on international transactions.
  • Transactions not qualifying for rewards include payments made for railways, rental services, miscellaneous expenses, cash withdrawals, installment payments (EMIs), fees, and taxes.
• Milestone Benefits:
  • Earn 10,000 bonus Reward Points on spending ₹5 lakhs or more in a year.
  • Earn an additional 10,000 travel points (or Reward Points) on spending ₹8 lakhs or more in a year.
  • Milestone benefit reward points will be credited to your account within 30-45 days after crossing the corresponding spending thresholds.
  • Total spent is calculated based on billed amounts from both primary and add-on cards.
• Lounge Access:
  • Domestic Airport Lounges: 2 complimentary visits every calendar quarter at major airports in India. A small authorization fee of ₹25 or ₹2 may apply for validation but will not be charged to your account.
  • International Airport Lounges: 6 complimentary visits every calendar year to over 1,400+ international airport lounges worldwide through Priority Pass. Charges may apply for guests.
  • Railway Lounge Access: 2 complimentary visits every quarter at select railway stations.
• Golf Perks:
  • 4 complimentary rounds of green fees each year at selected golf courses in India.
  • 1 complimentary golf lesson every month.
  • Enjoy a 50% discount on green fees beyond the initial complimentary rounds.
  • Bookings can be made by calling the MasterCard World Card Golf helpline.
• Concierge Services:
  • 24/7 dedicated concierge desk available for assistance.
  • Services include golf course referral and reservation, hotel referral and reservation, dining referral and reservation, car rentals, business services, special event planning, spa/fitness center/sports activities information and referral, and flower/gift deliveries.

Rewards Redemption Guide

• Earned Reward Points are redeemable at the RBL Rewards website (rblrewards.rbl.bank.in).
• Reward points earned in a given month will be credited to your account within 45 days from the purchase settlement date.
• A Reward Redemption Fee of ₹99 + GST is applicable for redemptions.

Card Eligibility Criteria

• Exclusively designed for NRI customers.
• Credit Card bill payment is only accepted via Standing Instructions (SI) from an RBL Bank NRE Savings Account through an Auto-Debit facility.
• To apply for the RBL Bank iGlobe Credit Card, visit your nearest RBL Bank branch or reach out to your Relationship Manager.

Card Review

The RBL Bank iGlobe Credit Card is an excellent choice for Non-Resident Indians who frequently engage in international purchases and travel. It simplifies financial management abroad by offering strong reward rates on both international and domestic spending, complemented by a generous welcome benefit of a ₹3,000 MakeMyTrip voucher. The card stands out with its comprehensive travel perks, including complimentary access to domestic, international, and railway lounges, and unique lifestyle benefits such as golf privileges and 24/7 concierge services. High-spending individuals can further benefit from its milestone program, earning significant bonus Reward Points. The ease of bill payment through an NRE Savings Account via standing instructions adds to its convenience for NRIs. While it offers a robust suite of benefits, the card does not currently provide any explicit insurance benefits.

Important Product Details

• Designed exclusively for NRI customers.
• Offers 24/7 concierge services.
• Includes golf privileges with complimentary rounds and lessons.
• Provides a 1% fuel surcharge waiver up to ₹250 monthly.
• Features a rewarding milestone program for high spenders.
• Foreign currency markup is a competitive 1.5%.
• No insurance benefits are currently provided with this card.
• Bill payments are managed easily through Standing Instructions from an NRE Savings Account.

Other Details

• General Terms & Conditions apply to all benefits and features.
• The Lounge program is offered by MasterCard/Visa.
• Detailed Terms & Conditions, Most Important Terms and Conditions (MITC), Cardmember Agreement, and Schedule of Charges are available on the RBL Bank website.