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

Introduction

The RBL Signature Banking Credit Card, issued by RBL Bank, is a premium offering explicitly tailored for Signature Banking Customers. This card is positioned to provide high-value cashback on lifestyle spending, with a strong focus on wealth creation by depositing cashback directly into your savings account. Key differentiating benefits include an impressive annual yield of 16.6%, up to 4% cashback on specific categories, and a zero annual fee for Signature Banking customers. It also offers complimentary airport lounge access both within and outside India, and buy one, get one free movie tickets.

Fees

• Joining Fee: Waived for Signature Banking customers.
• Annual Fee: ₹2,500 + GST. This fee is waived for Signature Banking customers. If a customer closes their Signature Banking relationship with the Bank while holding this credit card, the card will be subject to an annual fee of ₹2,500 + GST at the start of the next membership year and every year thereafter.
• Rewards Redemption Fee: ₹99 + GST.
• Foreign Currency Markup: Not applicable.
• Interest Rates: 3.99% Per Month (47.88% Per Annum).
• Fuel Surcharge Waiver: Not applicable.
• Cash Advance Charges: 2.5% of the withdrawal amount, subject to a minimum charge of ₹500.

Rewards

• Cashback Offers:
  • Unlimited 4% cashback when spending on categories such as flights, hotels, and shopping.
  • 1% cashback on all other eligible purchases, capped at ₹1,500 per billing month.
• Milestone Benefits:
  • Earn ₹2,000 cashback on making an eligible purchase of ₹4,00,000 within the membership year.
  • Earn an additional cashback of ₹4,000 on making an eligible purchase of ₹6,00,000 within the membership year.
• Movies: Buy 1 Get 1 Free movie tickets on BookMyShow with the purchase of 2 or more tickets.
• Domestic Lounge Access: 2 complimentary lounge access each quarter.
• International Lounge Access: 2 complimentary lounge access each year.
• Annual Yield: The card offers an annual yield of 16.6%.

Rewards Redemption Guide

• Cashback will be credited directly into your RBL Bank Savings Account.
• A redemption fee of ₹99 + GST is applicable for redeeming cashback.
• Cashback will expire if not redeemed within 3 months of its accumulation.

Card Review

The RBL Signature Banking Credit Card is an excellent option for Signature Banking Customers who frequently travel, enjoy shopping, and wish to maximize rewards from their spending. It provides substantial value through its attractive milestone benefits and cashback offers. The card is particularly appealing due to the complete waiver of its ₹2,500 + GST annual fee for Signature Banking customers, making it a cost-effective premium offering.

Pros

• The annual fee of ₹2,500 + GST is waived for Signature Banking customers.
• Offers unlimited 4% cashback on flights, hotels, and shopping.
• Provides milestone benefits including ₹2,000 cashback for spending ₹4 lakh and an additional ₹4,000 cashback for spending ₹6 lakh in a membership year.
• Includes complimentary airport lounge access both domestically (2 per quarter) and internationally (2 per year).
• Features Buy 1 Get 1 Free movie tickets on BookMyShow.

Cons

• A redemption fee of ₹99 + GST is charged for redeeming cashback.
• Cashback expires if not redeemed within 3 months of its accumulation.

Important Product Details

• This card is explicitly tailored for Signature Banking customers.
• Offers up to 4% cashback on spending.
• Provides an annual yield of 16.6%.
• Zero annual fee for Signature Banking customers.
• Unlimited 4% cashback on flights, hotels, and shopping.
• 1% cashback 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.
• Cardholders can earn an additional cashback of ₹4,000 on making an eligible purchase of ₹6 lakh within the membership year.
• Includes 2 complimentary domestic lounge access each quarter.
• Includes 2 complimentary international lounge access each year.
• Offers Buy 1 Get 1 Free movie tickets on BookMyShow.
• Cashback is credited to the RBL Bank Savings Account.
• A rewards redemption fee of ₹99 + GST applies.
• Cashback expires if not redeemed within 3 months of accumulation.
• Interest rates are 3.99% per month (47.88% per annum).
• Cash advance charges are 2.5% of the withdrawal amount, with a minimum of ₹500.

Other Details

• If a customer closes their Signature Banking relationship with the Bank while holding an RBL Signature Banking Credit Card, the card shall be subject to an annual fee of ₹2,500 + GST at the start of the next membership year and every year thereafter.
• Signature Banking offers attractive interest rates, including up to 6.5% interest per year on savings accounts and up to 7.2% annual interest on fixed deposits, allowing customers to grow their money faster.
• All benefits and features are subject to general Terms & Conditions.