RBL Bank Insignia Preferred Banking World Card – Benefits, Fees & Eligibility

Introduction

The RBL Bank Insignia Preferred Banking Credit Card is a premium offering from RBL Bank, designed to provide a world-class experience with curated rewards and best-in-class services. It is positioned as an exclusive card, complimentary for the bank’s Insignia Preferred Banking members. Key differentiating benefits include complimentary lounge access at over 1,400 lounges worldwide, a low forex markup of 1.5% with 2X reward points on international spends, and significant milestone benefits such as vouchers worth INR 8,000 on achieving spending targets. The card also offers a dedicated 24x7 Concierge Help Desk for personalized assistance.

Welcome Benefits

• Get 28,000 bonus reward points as a welcome benefit. This is not applicable for Insignia Banking customers.
• To avail the welcome benefit, swipe and use your card within 30 days of card issuance.
• Pay the annual membership fee by the payment due date.
• The welcome benefit will be credited to the Cardmember’s Account within 60 days from the date of the Card issuance.

Fees

• Joining Fee:
  • Nil for Insignia Preferred Banking Customers.
  • INR 7,000 + GST for others.
• Renewal Fee:
  • Nil for Insignia Preferred Banking Customers.
  • INR 7,000 + GST for others.
• Spend-Based Waiver:
  • The annual membership fee for the subsequent year is waived off on spending INR 10 lacs in a membership year (applicable for the fee variant).
• Rewards Redemption Fee: Nil.
• Foreign Currency Markup: 1.5%.
• Interest Rates: Ranges from 2.5% to 3.4% per month.
• Fuel Surcharge:
  • Waiver of the 1% surcharge on fuel on all transactions between INR 500 and INR 4,000.
  • A maximum fuel surcharge waiver up to INR 500 per month.
• Cash Advance Charges: 2.5% of the transaction amount, subject to a minimum charge of INR 500.

Rewards

• Rewards Rate
  • You earn 5 reward points for every INR 100 spent on domestic transactions.
  • You earn 10 reward points for every INR 100 spent on international transactions.
  • Reward points will be credited to the Cardmember’s account within 45 days from the settlement date of eligible retail transactions.
• Milestone Benefit
  • Unlock vouchers worth INR 8,000 from your favourite brands (Amazon, Myntra, Croma, MakeMyTrip & Taj Experiences) on spends of INR 8 lacs in a membership year.
  • Vouchers will be credited to your account within 45 days from the date of crossing the corresponding Milestone Benefit.
• Movie & Dining
  • Avail a flat discount of INR 500 on movie tickets at BookMyShow twice a month, leading to potential savings of INR 12,000 in a year.
  • The offer can be availed by selecting RBL Bank Insignia Preferred Banking and Club Concierge offer in the Offers and discounts section under Credit Cards post selection of movies at BookMyShow.
  • Enjoy 25% to 50% discount, 1+1 Buffet privileges, and priority booking powered by EazyDiner Prime at a curated selection of premium restaurants.
• Travel
  • Domestic Lounge Access: Enjoy 2 complimentary lounge visits every calendar quarter at major domestic & international terminals across India by swiping your Insignia Preferred Banking Credit Card.
  • International Lounge Access: A complimentary Priority Pass membership is live on your Insignia Preferred Banking Credit Card which unlocks access to over 1,400 international airport lounges worldwide.
    • As a part of the membership, you get 6 complimentary lounge visits outside India in a calendar year.
    • Complimentary visits can be shared between the Primary cardholder and their guests.
    • Additionally, if you spend INR 1,00,000 or more in a calendar month on your Credit Card, the primary cardholder can avail of an extra lounge visit outside India. This spend-based extra lounge visit can be accessed through a voucher issued by Lounge Key on behalf of RBL Bank.
    • Once you avail the complimentary visits, you will be charged up to $35 in case of any subsequent lounge visits.
  • Luxury Hotel Benefits: Experience luxury with exclusive benefits at 2400+ premium hotels across the globe, including Marriott, Accor, IHG, Mandarin Oriental, Shangri-La and many more. Benefits may include:
    • Early check-in
    • Late check-out
    • Complimentary room upgrade
    • Complimentary breakfast for two
    • Hotel or dining credit
    • Welcome amenity
    • Other benefits include a complimentary night’s stay, a 50% discount on dining, and a guaranteed lowest price at over 800 hotels and 11,000 restaurants across 18 countries.
• Golf
  • Get easy access to premier golf courses across India.
  • Get 4 complimentary rounds of green fee in a year.
  • Get one golf lesson each month (12 complimentary golf lessons every year).
  • Rejoice 50% discounted green fee beyond 4 complimentary rounds.
  • This benefit is complimentary only for MasterCard holders.
• Health and Wellness Benefits
  • Get 15% discount on Wellness programs from Weljii such as Weight Management, Diabetes Care, Healthy Heart and others.
  • Receive a free health score or status assessment worth INR 1,999 and avail of a 10% discount on curated packages at Dietician Support.
  • Get 10% discount on one-time consultation and multi-week plans from renowned nutritionist Vasundhara Agrawal.
• World Class Concierge
  • A dedicated 24x7 Concierge Help Desk is available to assist with all your needs. For personalized services, kindly call +91 22 6232 7777 and ask for the concierge desk. Services include:
    • Car Rental and Limousine Referral and Reservation Assistance.
    • Flower and Gift Delivery Assistance.
    • Spa, Fitness Centre, and Sports Centre Information and Referral Assistance.
    • Global Events and Performance Assistance & Business Services.
    • Overseas Education Assistance.
    • Assistance for Exclusive Dining Privileges, Luxury Hotel Benefits, and Health & Wellness Program.

Rewards Redemption Guide

• You can redeem reward points on the RBL Bank’s rewards catalog for:
  • Flight tickets and hotel stays.
  • Shopping gadgets and products.
  • Mobile recharges.
  • E-vouchers and gifts.
• The approximate value of 1 Reward Point is Re 0.25.
• Example redemption values for gift vouchers:
  • Giorgio Armani: INR 5,000 voucher for 20,200 Reward Points.
  • Bottega Veneta: INR 10,000 voucher for 40,200 Reward Points.
  • Vero Moda: INR 1,000 voucher for 4,200 Reward Points.
  • Paul Smith: INR 10,000 voucher for 40,200 Reward Points.

Card Eligibility Criteria

• If you are an Insignia Preferred Banking Customer, please connect with your Relationship Manager to get the Insignia Preferred Banking Credit Card.
• The Insignia Preferred Banking credit card can be used by everyone. Those with Insignia status will receive it without any joining or annual charges, while others will have to pay the annual membership fee.

Card Review

The RBL Bank Insignia Preferred Banking Credit Card is a highly attractive premium offering, especially for RBL Bank's Insignia Preferred Banking members who receive it with zero membership fees. The card boasts a competitive reward rate, offering 10 Reward Points per INR 100 on international transactions and 5 Reward Points on domestic spends. Its best-in-class benefits, including extensive complimentary domestic and international lounge access via Priority Pass, a dedicated 24x7 concierge service, and significant movie and dining discounts, make it a strong contender in the premium segment. The milestone benefit of INR 8,000 worth of vouchers on INR 8 lacs spend adds substantial value. While non-Insignia Preferred Banking customers face an annual fee of INR 7,000 + GST, the comprehensive suite of luxury and lifestyle benefits, coupled with a low 1.5% forex markup, can still justify the cost for high-spenders who can leverage these perks.

Important Product Details

• Earn 5 Reward Points for every INR 100 spent on domestic transactions.
• Earn 10 Reward Points for every INR 100 spent on international transactions.
• Receive 2 complimentary lounge access every quarter across airports in India.
• Enjoy Priority Pass membership with 6 complimentary international lounge visits every calendar year.
• Get benefits worth INR 8,000 on expenditure of INR 8 lakh in a membership year.
• Avail a flat INR 500 off on movie ticket bookings on BookMyShow, twice a month.
• Benefit from 24×7 concierge service for assistance regarding all kinds of bookings.
• Receive a 1% fuel surcharge waiver for transactions between INR 500 and INR 4,000, with a maximum waiver capped at INR 500 per month.
• The foreign currency markup is only 1.5%.
• No insurance benefits are provided with this credit card.

Other Details

• All benefits and offers are subject to Terms & Conditions.
• For Exclusive Dining Privileges, Luxury Hotel Benefits & Health and Wellness Benefits, kindly call +91 22 6232 7777 and ask for the concierge desk.
• Golf benefits are complimentary only for MasterCard holders.
• Luxury Hotel Benefits may vary by property and are subject to change at any time. Early check-in, late check-out, and complimentary room upgrades are subject to availability.
• Refer to the Product Terms & Conditions and Most Important Terms and Conditions for more details.