RBL Bank iGlobe Credit Card
Product Details
Credit Card Name :
RBL Bank iGlobe Credit Card
Bank Name :
RBL Bank
Type :
Travel Credit Card
Interest Rate :
3.99% per month or 47.88% per annum.
Eligibility :
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.
Pros
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: Make purchases of INR 5 lakhs in a year and get 10,000 reward points. Get 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.
Cons
Low reward rates.
Limited acceptance.
Pros & Cons
Welcome Benefits
Welcome Benefit: 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
IFM: 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
RBL Bank iGlobe Credit Card Review
The card offers a below-par cashback rate. However, it offers decent milestone benefits, and travel benefits.
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