RBL BankRBL Bank Nova Credit Card – Benefits, Fees & Eligibility
Is the RBL Bank Nova Credit Card Right for You?
The RBL Bank Nova Credit Card is best suited for users who prioritize Travel, Premium. With a joining fee of ₹12,500 + GST and a renewal fee of ₹12,500 + GST, this card is positioned for cardholders who can maximize its benefits to justify the cost. It offers Reward Points as its primary reward mechanism, with a rewards rate of 12 RP/₹200 on flights/hotels via RBL Nova portal; 4 RP/₹200 elsewhere. 1 RP = Up to ₹1..
Key Card Details
₹12,500 + GST
₹12,500 + GST
Reward Points
2% on cross-border purchases
12 RP/₹200 on flights/hotels via RBL Nova portal; 4 RP/₹200 elsewhere. 1 RP = Up to ₹1.
Up to 3.99% Per Month or 47.88% Per Annum
Notable Perks
Welcome Offer
Taj Experiences or Luxe Gift Card worth ₹12,500 on paying the joining fee.
Domestic Lounge Access
12 complimentary lounge visits each year.
International Lounge Access
12 complimentary lounge visits for primary cardholder + 4 guest visits each year.
Dining Benefits
10% Off at Top Restaurants in India.
Golf Benefits
4 complimentary golf rounds + 12 complimentary golf lessons each year.
Fuel Surcharge Waiver
1% Fuel Surcharge Waiver
Things to Consider
A 2% foreign currency markup is a drawback for frequent international travelers, where zero forex would be expected.
Reward earning exclusions are broad, covering utilities, fuel, and government services, limiting earning potential.
Being an invite-only card, its accessibility is limited to a select group of RBL Bank customers.
Benefits & Features
Welcome Offer
Taj Experiences or Luxe Gift Card worth ₹12,500 on paying the joining fee.
Rewards Rate
12 RP/₹200 on flights/hotels via RBL Nova portal; 4 RP/₹200 elsewhere. 1 RP = Up to ₹1.
Reward Type
Reward Points
Reward Redemption
Transfer Nova Reward Points to global airline loyalty programs (2 RP = 1 partner mile).
Domestic Lounge Access
12 complimentary lounge visits each year.
International Lounge Access
12 complimentary lounge visits for primary cardholder + 4 guest visits each year.
Premium Benefits
4 complimentary golf rounds + 12 complimentary golf lessons each year.
Dining Benefits
10% Off at Top Restaurants in India.
Travel Benefits
Accelerated rewards on flight/hotel bookings. Complimentary airport lounge access.
Fees & Charges
Joining Fee
₹12,500 + GST
Renewal Fee
₹12,500 + GST
Foreign Currency Markup
2% on cross-border purchases
Interest Rates
Up to 3.99% Per Month or 47.88% Per Annum
Fuel Surcharge Waiver
1% Fuel Surcharge Waiver
Cash Advance Charges
2.5% (Minimum ₹500)
Pros & Cons
Pros
Key benefits and features of this card.
The RBL Bank Nova Credit Card offers accelerated reward points on flight and hotel bookings.
Cardholders enjoy extensive travel benefits like complimentary lounge access and golf privileges.
The substantial welcome benefit effectively offsets the initial joining fee, providing immediate value.
Cons
Key drawbacks and limitations of this card.
A 2% foreign currency markup is a drawback for frequent international travelers, where zero forex would be expected.
Reward earning exclusions are broad, covering utilities, fuel, and government services, limiting earning potential.
Being an invite-only card, its accessibility is limited to a select group of RBL Bank customers.
Product Details
Premium offering from RBL Bank for discerning customers.
Invite-only credit card, ensuring exclusivity.
First RBL card with transferrable reward points to airline/hotel partners.
Complimentary first two add-on cards for family members.
Comprehensive domestic and international lounge access with guest visits.
Welcome benefit effectively offsets the initial joining fee.
Accelerated rewards on flight and hotel bookings via dedicated portal.
Extensive golf privileges including rounds and lessons.
Benefits & Features
Welcome Offer
Taj Experiences or Luxe Gift Card worth ₹12,500 on paying the joining fee.
Rewards Rate
12 RP/₹200 on flights/hotels via RBL Nova portal; 4 RP/₹200 elsewhere. 1 RP = Up to ₹1.
Reward Type
Reward Points
Reward Redemption
Transfer Nova Reward Points to global airline loyalty programs (2 RP = 1 partner mile).
Domestic Lounge Access
12 complimentary lounge visits each year.
International Lounge Access
12 complimentary lounge visits for primary cardholder + 4 guest visits each year.
Premium Benefits
4 complimentary golf rounds + 12 complimentary golf lessons each year.
Dining Benefits
10% Off at Top Restaurants in India.
Travel Benefits
Accelerated rewards on flight/hotel bookings. Complimentary airport lounge access.
What matters, explained clearly
Introduction
The RBL Bank Nova Credit Card is a premium offering from RBL Bank, positioned for frequent travelers and individuals seeking a range of lifestyle and travel benefits. Priced at a joining and annual fee of ₹12,500 + GST, it stands out with accelerated rewards of 12 Reward Points per ₹200 spent on flight and hotel bookings through dedicated portals, comprehensive domestic and international lounge access including guest visits, and a welcome benefit of a Taj Experiences or Luxe Gift Card worth ₹12,500.
Welcome Benefits
- On paying the joining fee, cardholders receive gift vouchers worth ₹12,500 from either Taj Experiences or Luxe Gift Card. This benefit effectively offsets the joining fee.
Fees
- Joining Fee: ₹12,500 + GST
- Annual Fee: ₹12,500 + GST
- Spend-Based Waiver: Not applicable
- Rewards Redemption Fee: Not applicable
- Foreign Currency Markup: 2% on cross-border purchases
- Interest Rates: Up to 3.99% Per Month or 47.88% Per Annum
- Fuel Surcharge Waiver: 1% Fuel Surcharge Waiver
- Cash Advance Charges: 2.5% (Minimum ₹500)
Rewards
- Rewards Rate
- Earn 12 Reward Points/₹200 for flight and hotel bookings via the dedicated RBL Nova portal (Reward Rate ~ 6%).
- Earn 4 Reward Points/₹200 spent elsewhere (Reward Rate ~ 2%).
- 1 Reward Point = Up to ₹1.
- Reward Earning Exclusions
- The following categories are not eligible for reward earning: Fuel & Auto, utilities, insurance, quasi-cash, real estate/rentals, wallet/service providers, government services, contracted services, cash transactions, miscellaneous spends, Bills2Pay, and EMIs.
- Milestone Benefits
- Cardholders are eligible for vouchers worth ₹10,000 on spending ₹3 lakh or more each calendar quarter with the Nova Credit Card.
- Movie & Dining
- 10% Off at Top Restaurants in India.
- Travel
- Accelerated rewards for flight and hotel bookings.
- Complimentary airport lounge access.
- Domestic Lounge Access
- 12 complimentary lounge visits each year.
- International Lounge Access
- 12 complimentary lounge visits for the primary cardholder each year.
- 4 complimentary guest visits at international lounges each year.
- Golf
- 4 complimentary golf rounds each year.
- 12 complimentary golf lessons each year.
- Add-on Cards
- The first two add-on cards are complimentary.
Rewards Redemption Guide
- Reward Point Value: 1 Reward Point = Up to ₹1.
- Reward Points Transfer: Nova Reward Points can be transferred to leading global airline loyalty programs.
- 2 Reward Points are equal to 1 partner mile or point.
- Partner programs include Air India Maharaja Club, Singapore Airlines KrisFlyer, Air Asia Rewards, and Qatar Airways Privilege Club.
Card Eligibility Criteria
- This is an invite-only credit card.
Card Review
- Overall Verdict: Although the card may seem pricey at ₹12,500 + GST, it offers several lifestyle benefits and a strong reward rate for travel. It marks RBL Bank’s entry into the premium credit card segment and is the first RBL Credit Card to offer transferrable reward points to airline and hotel partners like Air Asia, Air India, and Qatar Airways. However, it may fall short in a few areas when compared to established premium cards.
- Pros
- Offers accelerated rewards for flight and hotel bookings.
- Provides extensive travel and lifestyle benefits including lounge access and golf privileges.
- Cons
- The 2% foreign currency markup charge could be a downside for frequent international travelers, as zero forex charges would have been more beneficial for a premium card with many travel-related benefits.
Important Product Details
- The RBL Bank Nova Credit Card is a premium offering.
- It comes with an annual and joining charge of ₹12,500 + GST.
- Cardholders are eligible for Taj/Luxe gift vouchers worth ₹12,500 as a welcome benefit.
- The card offers complimentary domestic and international airport lounge access, along with guest visits abroad.
- It is an invite-only credit card.
Other Details
- Important legal documents such as Most Important Terms & Conditions, Cardmember Agreement, and details on the 45 Days Free Look Period are available via links on the bank's website.