RBL Bank Signature Banking Credit Card – Benefits, Fees & Eligibility

Introduction

The RBL Signature Banking Credit Card is exclusively designed for RBL Bank's Signature Banking Customers, positioning it as a premium offering focused on wealth creation through high-value cashback. This card aims to deposit cashback directly into the cardholder's savings account. Key differentiating benefits include unlimited 4% cashback on flights, hotels, and shopping, 1% cashback on other eligible purchases, complimentary domestic and international airport lounge access, and a buy-one-get-one-free movie ticket offer on BookMyShow. The annual fee is also waived for Signature Banking customers, making it an attractive option for those seeking substantial rewards and travel perks.

Fees

• Joining Fee: Waived for Signature Banking customers.
• Renewal Fee: ₹2,500 + GST. This fee is waived for Signature Banking customers. If the Signature Banking relationship with the bank is closed, the card will be subject to an annual fee of ₹2,500 at the start of the next membership year and every year thereafter.
• Rewards Redemption Fee: ₹99 + GST. (Note: Another source states that redemption fee is not applicable on cashback redemption.)
• Interest Rates: 3.99% Per Month (47.88% Per Annum).
• Fuel Surcharge Waiver: Enjoy a 1% fuel surcharge waiver across all fuel stations. This is valid for fuel transactions between INR 500 and INR 4,000, with a maximum waiver of INR 250 per month.
• Cash Advance Charges: 2.5% of the withdrawal amount, subject to a minimum charge of ₹500.
• Excluded Categories for Cashback, Milestone Benefits & Lounge Benefits: Fuel, Utilities, Insurance, Quasi-Cash, Railways, Real Estate/Rental, Education, Wallet/Service Providers, Government Services, Contracted Services, Cash, Miscellaneous, Bills2Pay, and EMI conversion of retail transactions (including Split-N-Pay, and EMI conversion requests placed at the time of making transactions at POS/Web/Mobile App).

Rewards

• Reward Type: Cashback.
• Cashback Rate:
  • Earn unlimited 4% cashback on purchases across categories like Flights, Hotels, Shop & Vouchers on RBL Bank Rewards Portal.
  • Earn 1% cashback on all other eligible purchases, capped at ₹1,500 per billing month.
• Movie & Dining:
  • Enjoy Buy 1 Get 1 Free movie tickets on BookMyShow with the purchase of 2 or more movie tickets every month, up to INR 250.
• Travel:
  • Domestic Lounge Access: Receive 2 complimentary airport lounge accesses within India every calendar quarter by swiping your Signature Banking Credit Card.
  • International Lounge Access: Receive 2 annual complimentary airport lounge accesses outside India, powered by Priority Pass, by swiping your Signature Banking Credit Card.
• Milestone Benefits:
  • Earn ₹2,000 cashback on making eligible purchases of ₹4,00,000 within a membership year.
  • Earn an additional ₹4,000 cashback on making eligible purchases of ₹6,00,000 within the same membership year.
• Annual Yield & Value Back:
  • You can earn annual benefits up to INR 34,500 with a value back of 5.8%.
  • Cash value back of 2.2%.
  • Savings Interest: Customers can earn up to 6.5% annual interest on their Savings Account with their Signature Banking Relationship.
  • Fixed Deposit: Customers can earn up to 7.2% annual interest on their Fixed Deposit with their Signature Banking Relationship.

Rewards Redemption Guide

• Cashback will be credited directly into your RBL Bank Savings Account.
• There is a redemption fee of ₹99 + GST when redeeming cashback. (Note: Another source states that redemption fee is not applicable on cashback redemption.)
• If the cashback is not redeemed within 3 months of its accumulation, it will expire and cannot be redeemed.

Card Eligibility Criteria

• This card is explicitly tailored for Signature Banking customers.

Card Review

The RBL Signature Banking Credit Card is an excellent option for Signature Banking customers, offering attractive milestone benefits and robust cashback offers. It is particularly well-suited for individuals who travel frequently, enjoy shopping, and wish to maximize rewards from their spending while also focusing on wealth creation.

Pros

• The annual fee of ₹2,500 + GST is completely waived for Signature Banking customers.
• Significant milestone benefits, including ₹2,000 cashback for spending ₹4 lakh and an additional ₹4,000 cashback for spending ₹6 lakh in a membership year.
• High interest rates offered on savings accounts (up to 6.5% per year) and fixed deposits (up to 7.2% annual interest) for Signature Banking customers.
• Complimentary airport lounge access both domestically and internationally.
• Buy 1 Get 1 Free movie tickets on BookMyShow.

Cons

• A redemption fee of ₹99 + GST is charged for cashback redemption (though one source contradicts this, stating it's not applicable).
• Cashback expires if not redeemed within 3 months of accumulation.

Important Product Details

• The card is explicitly tailored for Signature Banking customers.
• Cardholders receive unlimited 4% cashback on spending categories such as flights, hotels, and shopping.
• A 1% cashback is provided on all other eligible purchases, capped at ₹1,500 per billing month.
• Cardholders can earn ₹2,000 cashback on making an eligible purchase of ₹4 lakh within the membership year.
• An additional cashback of ₹4,000 can be earned on making an eligible purchase of ₹6 lakh within the membership year.
• The card offers complimentary airport lounge access, with 2 domestic accesses per quarter and 2 international accesses per year.
• Enjoy Buy 1 Get 1 Free movie tickets on BookMyShow every month (up to INR 250).
• The annual fee of ₹2,500 + GST is waived for Signature Banking customers.
• If the Signature Banking relationship is closed, the annual fee of ₹2,500 will apply from the next membership year.
• Cashback earned is credited directly to the RBL Bank Savings Account.
• A 1% fuel surcharge waiver is available for transactions between INR 500 and INR 4,000, with a maximum waiver of INR 250 per month.
• Certain categories are excluded from cashback, milestone, and lounge benefits, including Fuel, Utilities, Insurance, Quasi-Cash, Railways, Real Estate/Rental, Education, Wallet/Service Providers, Government Services, Contracted Services, Cash, Miscellaneous, Bills2Pay, and EMI conversions.

Other Details

• This card is designed to offer high-value cashback on lifestyle spending, with a focus on wealth creation by depositing cashback directly into your savings account.
• Signature Banking offers excellent interest rates, allowing customers to earn up to 6.5% interest per year on their savings accounts and up to 7.2% annual interest on fixed deposits.
• The card offers an annual yield of 16.6%.
• Annual benefits can reach up to INR 34,500, with a value back of 5.8% and a cash value back of 2.2%.
• Comprehensive Product Terms & Conditions, Most Important Terms and Conditions, and Cardmember Agreements are available for review.