RBL Bank iGlobe Credit Card – Benefits, Fees & Eligibility

RBL Bank iGlobe Credit Card

Introduction

The RBL Bank iGlobe Credit Card is specifically designed for Non-Resident Indian (NRI) customers, offering a reliable solution for managing expenses while living abroad. It facilitates online shopping, travel bookings, and everyday purchases without the need for currency exchange, while also helping to build a credit history in their home country. The card comes with an annual fee of ₹3,000 plus applicable taxes, and offers a range of benefits including a MakeMyTrip voucher worth ₹3,000 as a welcome perk, lucrative reward points on both international and domestic transactions, and complimentary airport lounge visits across India and globally. Its features aim to enhance the banking experience for NRIs, allowing for easy bill management through Standing Instructions from an NRE Savings Account.

Welcome Benefits

• Receive a MakeMyTrip voucher worth ₹3,000.
• Conditions to receive the voucher:
  • Complete an eligible purchase with your card within 30 days of receiving it.
  • Pay the annual membership fee by the due date shown on your first statement.
• The voucher will be sent to you through SMS and email.
• Expect the voucher to be credited to your account within 60 days after you have made the eligible transaction and paid the annual fee.

Fees

• Joining Fee: ₹3,000 + GST
• Renewal Fee: ₹3,000 + GST
• Spend-Based Waiver: Not applicable.
• Rewards Redemption Fee: ₹99 + GST
• Foreign Currency Markup: 1.5% of the total transaction amount when using the card for purchases abroad or online in foreign currency.
• Interest Rates:
  • 3.99% monthly
  • 47.88% annually
• Fuel Surcharge:
  • 1% waiver on fuel transactions.
  • Applicable for transactions between ₹500 to ₹4,000.
  • Maximum waiver of up to ₹250 every month.
• Cash Advance Charges:
  • 2.5% of the cash amount.
  • Minimum charge of ₹500.

Rewards

• Rewards Rate:
  • Earn 10 Reward Points for every ₹100 spent on international transactions.
  • Earn 5 Reward Points for every ₹100 spent on domestic purchases.
  • Transactions not qualifying for rewards: Cash withdrawals, installment payments (EMIs), fees, taxes, payments made for railways, rental services, and miscellaneous expenses.
  • Reward Points earned in one month will be credited to your account within 45 days after your transactions have been settled.
• Milestone Perks:
  • Spend ₹5 lakhs or more in a year to receive 10,000 bonus Reward Points.
  • Spend ₹8 lakhs or more in a year to earn an additional 10,000 travel points.
  • Reward Points will be added to your account within 30 days after meeting the spending thresholds.
  • Total spent calculation includes billed amounts from both primary and add-on cards.
  • Excluded from spend calculation: Cash withdrawals, installment payments (EMIs), fees, and taxes.
• Movies & Dining: Not applicable.
• Travel: Not applicable.
• Domestic Lounge Access:
  • Enjoy two free visits to domestic airport lounges every quarter.
  • A small authorization fee of ₹25 or ₹2 may be charged for validation, but this amount will not be debited from your account.
• Railway Lounge Access:
  • Access to lounge areas at select railway stations.
  • Two complimentary visits every quarter.
• International Lounge Access:
  • Six complimentary visits per year to over 1,400 lounges worldwide through a Priority Pass.
  • Charges may apply if you bring guests.
• Golf:
  • Four complimentary rounds of green fees each year.
  • One complimentary golf lesson every month.
  • Receive a 50% discount on green fees beyond the initial complimentary rounds.
  • To book a game, call the MasterCard World Card Golf helpline.
• Insurance Benefits: The RBL Bank iGlobe Credit Card does not currently provide any insurance benefits.
• Lifestyle:
  • 24/7 concierge services are provided to cardholders.
  • Assistance with booking golf courses.
  • Help with renting cars.
  • Hotel reservations.
  • Business services.
  • Planning special events.
  • Information about spas, fitness centers, and sports activities.
  • Restaurant recommendations and reservations.
  • Assistance with flower and gift deliveries.

Rewards Redemption Guide

• Earned Reward Points can be redeemed by visiting the rblrewards website (www.rblrewards.com).
• The Reward Points you earn in one month will be credited to your account within 45 days after your transactions have been settled.
• A Rewards Redemption Fee of ₹99 + GST applies.

Card Review

The RBL Bank iGlobe Credit Card is an ideal choice for Non-Resident Indians who frequently engage in international purchases and travel. It simplifies online shopping, travel bookings, and everyday spending globally, eliminating the need for constant currency exchange. The card offers a valuable welcome benefit of a ₹3,000 MakeMyTrip voucher and a robust rewards program, providing 10 Reward Points for every ₹100 spent internationally and 5 Reward Points for domestic transactions. Frequent travelers will appreciate the complimentary airport lounge access, both domestic (2 per quarter) and international (6 per year via Priority Pass), along with railway lounge access (2 per quarter). High-spending individuals can benefit from milestone perks, earning bonus Reward Points and travel benefits upon reaching annual spending thresholds of ₹5 lakhs and ₹8 lakhs. Cardholders also enjoy exclusive golf privileges and 24/7 concierge services. Bill payments can be conveniently managed by setting up Standing Instructions from an NRE Savings Account. Potential cardholders can access this card by visiting an RBL Bank branch. This card serves as a valuable asset for NRIs looking to maximize rewards and streamline financial management while living abroad.

Important Product Details

• Positive Highlights:
  • Designed specifically for Non-Resident Indians (NRIs).
  • Welcome benefit of a MakeMyTrip voucher worth ₹3,000.
  • High reward rate: 10 Reward Points on international transactions, 5 Reward Points on domestic transactions.
  • Milestone benefits including bonus Reward Points and travel points for annual spends of ₹5 lakhs and ₹8 lakhs.
  • Complimentary domestic airport lounge access (2 per quarter).
  • Complimentary international airport lounge access (6 per year via Priority Pass).
  • Complimentary railway lounge access (2 per quarter).
  • Golf privileges: 4 free rounds of green fees annually and one golf lesson monthly.
  • 24/7 concierge services.
  • 1% fuel surcharge waiver up to ₹250 monthly.
  • Easy bill payment via Standing Instructions from an NRE Savings Account.
• Negative/Important Considerations:
  • Joining Fee and Renewal Fee of ₹3,000 + GST.
  • Foreign Currency Markup fee of 1.5%.
  • Rewards Redemption Fee of ₹99 + GST.
  • Certain transactions (cash withdrawals, EMIs, fees, taxes, railways, rentals, miscellaneous) do not earn rewards.
  • Does not offer insurance benefits.

Other Details

• The card is best suited for shopping.
• The reward type is Reward Points.
• The card aims to help NRIs manage their finances easily while living outside India.
• Potential cardholders can access this card by visiting an RBL Bank branch.