Travelers are always on the lookout for the best credit cards that offer useful features and rewards. The RBL Bank iGlobe Credit Card is designed specifically for travel enthusiasts, providing attractive benefits that can significantly enhance any journey. With features that help save money and improve the travel experience, this card is worth considering for your next adventure.
As travel becomes more accessible, the need for a reliable credit card that streamlines expenses and rewards wanderlust is essential.
Welcome Benefits
One of the standout features of the RBL Bank iGlobe Credit Card is its generous welcome benefits. New cardholders will get a MakeMyTrip voucher worth INR 3,000 as a welcome gift. To get this welcome benefit users need to make the payment of the annual fee and make a transaction using their credit card within 30 days of card issuance.
Reward System
The RBL Bank iGlobe Credit Card shines in its reward system. Every purchase made with the card earns you reward points that can be redeemed for various benefits. Cardholders earn 5 reward points for every ₹100 spent on domestic spending and 10 points for international spending. The value of each reward point is Rs. 0.25, so the domestic cashback rate comes at 1.25% and the international cashback rate is at 2.5%.
Milestone Benefits
The card also rewards frequent travellers through its milestone benefits. Cardholders can earn 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.
This system encourages users to explore more and travel frequently, turning spending into tangible travel rewards. The more you travel, the more benefits you collect, making this card truly valuable for avid explorers.
Airport Lounge Access
For many travelers, having access to airport lounges can significantly enhance their travel experience. The RBL Bank iGlobe Credit Card provides 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.
Lounges typically offer complimentary snacks, beverages, and Wi-Fi, transforming the airport wait into a pleasant experience. Travelers with long layovers will find this particularly advantageous, as it provides a quieter and more comfortable environment away from crowded terminals.
International Forex Markup Benefits
Travelling abroad often presents challenges with currency exchange fees, but the RBL Bank iGlobe Credit Card has a lower forex markup charge of 1.5% than many counterparts. This can save you around 1-2% on transactions made in foreign currencies.
For example, if you are spending ¥10,000 (Japanese Yen) on a trip, you can potentially save up to ₹1,200 compared to using a card with a higher forex fee. This saving can go towards activities, dining, or souvenirs instead of hidden charges.
Cons
While the RBL Bank iGlobe Credit Card offers many advantages, there are some drawbacks to consider. The annual fee of INR 3000 may seem high for those who do not travel regularly. Depending on your spending habits, this cost may outweigh the benefits.
Additionally, the card's perks are more suited for frequent travellers. If you do not plan to use the card frequently for travel expenses, you may not maximize its potential. It’s essential to weigh these factors in relation to your travel habits.
Fees and Charges
Every credit card has its fees and charges, and the RBL Bank iGlobe Credit Card is no different. Apart from the annual fee, potential users should pay attention to late payment fees, cash withdrawal charges, and foreign transaction fees.
Joining fee: INR 3000/- plus taxes.
Annual fee: INR 3000/- plus taxes.
Foreign currency markup: 1.50%.
Cash advance fee: 2.5% or INR 500, whichever is higher.
Late payment charges: INR 100 to 1300.
Reward redemption fee: INR 99 per redemption request.
Interest rate: 3.99% monthly, 47.88% annually.
Final Thoughts
The RBL Bank iGlobe Credit Card is a standout choice for frequent travellers seeking to maximize their journey’s value through tailored perks. With a generous 1.25% cashback on domestic spending and 2.5% on international transactions, coupled with a low 1.5% forex markup fee, it significantly reduces hidden travel costs. The card’s 2 quarterly domestic lounge visits and 6 annual international lounge accesses elevate comfort during transit, while milestone rewards (10,000 points on ₹5L and ₹8L annual spends) and a ₹3,000 MakeMyTrip welcome voucher amplify its appeal for high spenders. However, the ₹3,000 annual fee and steep interest rates (47.88% annually) make it less ideal for casual travellers or budget-conscious users. Ultimately, this card shines for globetrotters and big spenders who can leverage its travel-centric benefits to offset costs, but may not justify its fee for those with infrequent travel habits or moderate spending patterns.
If you want to read a more detailed review of this card and find out its AI-powered unbiased rating, click here.
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