RBL Bank iGlobe Credit Card
Card Details
Joining Fee:
Renewal Fee:
Card Type:
Reward Type:
Welcome Benefits:
Rewards & Benefits
Welcome Benefits
On spending INR 2,000 or more in the first sixty days, the user can get 2,000 reward points.
Milestone Benefits
annual fee reversal on spending inr 1,00,000 on the card.
Cashback Rate
cashback rate: 1. cashback rate: 1. cashback rate: 0.
Lounge Access
0
Movie Benefits
8
Dining Benefits
Other Benefits
reward system: users will get 10 points for spending of every inr 150 on dining, movies, departmental stores and grocery spending. value of 1 point = inr 0. 25. effective 6%. 1 reward points on all other spend per inr 150. effective general 25%. 1 reward point of inr 100 on all other spends. effective general 16%.
Cons
Low reward rates.
Limited acceptance.
Welcome Benefit: Cardholders get a MakeMyTrip voucher worth INR 3,000 as a welcome gift.
Reward System: Customers can earn 5 reward points for every INR 100 spent on domestic purchases, and 10 reward points for every INR 100 spent on international spends. 1 RP =0.25 paise. Domestic cashback rate: 1.25%, and International cashback rate: 2.5%.
Milestone Benefit: Users can make purchases of INR 5 lakhs in a year and get 10,000 reward points. Additional 10,000 bonus reward points on crossing INR 8 lakhs of annual spends on the card.
Travel Benefits: 2 complimentary visits every calendar quarter at domestic lounges at all major airports in India, and 6 complimentary visits every calendar year at international lounges at all major airports, using your Priority Pass.
Rewards & Benifits
Welcome Benefits
Cardholders get a MakeMyTrip voucher worth INR 3,000 as a welcome gift.
Rewards System
Earn 5 reward points for every INR 100 spent on domestic purchases, and
10 reward points for every INR 100 spent on international spends.
1 RP =0.25paise.
Domestic cashback rate: 1.25%, and
International cashback rate: 2.5%.
International Forex Markup
1.5%.
Welcome Benefits and Reward System
Special Features
1.5% markup on foreign currency transactions.
Eligibility Criteria
NRE Customer Requirement: This credit card is exclusively for Non-Resident External (NRE) account holders. This means you must be an Indian citizen residing abroad and have an NRE savings account with RBL Bank.
Unobtainable Minimum Income Criteria: There's no clear minimum income advertised for the iGlobe Credit Card. RBL Bank typically requires an annual income between Rs. 1 lakh and Rs. 3 lakh for their credit cards, but this doesn't apply to the iGlobe card.
Benefits
Welcome offers.
Travel benefits.
Low foreign currency mark-up fees.
Travel benefits.
Speical Feature, Eligibility and Benefits
How to apply for Credit Card?
Visit an RBL Bank Branch: This might be the most straightforward option. You can visit your nearest RBL Bank branch and inquire about the iGlobe Credit Card. The branch staff will guide you through the application process, which likely involves filling out a physical form and submitting KYC documents.
Check Partner Platforms: The iGlobe Credit Card might be offered through partner platforms like Bajaj Finserv. On the Bajaj Finserv website, you can enter your mobile number to see if you have any pre-approved offers for the iGlobe card [bajajfinserv.in]. If you see an offer, you can proceed with the application through Bajaj Finserv.
Contact Details
022 6232 7777
Account Opening and Procedure
Recommended Credit Cards
Pros:-
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Cons:-
Welcome Benefit: Cardholders get a MakeMyTrip voucher worth INR 3,000 as a welcome gift.
Reward System: Customers can earn 5 reward points for every INR 100 spent on domestic purchases, and 10 reward points for every INR 100 spent on international spends. 1 RP =0.25 paise. Domestic cashback rate: 1.25%, and International cashback rate: 2.5%.
Milestone Benefit: Users can make purchases of INR 5 lakhs in a year and get 10,000 reward points. Additional 10,000 bonus reward points on crossing INR 8 lakhs of annual spends on the card.
Travel Benefits: 2 complimentary visits every calendar quarter at domestic lounges at all major airports in India, and 6 complimentary visits every calendar year at international lounges at all major airports, using your Priority Pass.
Low reward rates.
Limited acceptance.
The card offers a below-par cashback rate. However, it offers decent milestone benefits, and travel benefits.
RBL Bank iGlobe Credit Card Review
Abhijeet Saxena
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai
Product Review
Fees & Charges
Annual membership fees: INR 3,000.
Cash Advance Charges: 2.5% of the cash amount (min Rs. 500).
Interest Rate: 3.99% per month or 47.88% per annum.
Late payment fee charged depending on the customer’s total outstanding amount ranges from Rs. 5 - 1300.
Foreign Currency Mark-up fees: Up to 1.5%.
Reward Redemption Fees: Rs. 99 +GST.
Fuel Surcharge
1% surcharge on fuel transaction value or Rs.10/- whichever is higher(dependent on merchant bank).
Billing Cycle
30 Days