RBL Bank iGlobe Credit Card:- Is It Worth It? An Unbiased Review

There are several unique credit cards that have been launched by RBL Bank in the past. One of such exclusive credit cards is the RBL Bank i-Globe Credit Card. The world of the modern world is incredibly fast-moving, and possessing the appropriate credit card may become a matter of great difference in how your finances will be handled. RBL Bank states that the iGlobe Credit Card is a powerful alternative, especially to those who prefer travelling and the benefits associated with a lifestyle. Potential cardholders need to ensure that they learn more about its strengths and weaknesses before deciding.

Key Benefits of the RBL Bank iGlobe Credit Card

Welcome Benefit: Cardholders receive an INR 3,000 MakeMyTrip voucher as a welcome benefit.

Reward System:

• Customers will be rewarded 5 Reward points for every INR 100 domestic purchase and 10 Reward points for every INR 100 international spend.

• 1 RP =0.25 paise.

• Domestic Cashback Rate: 1.25%.

• International Cashback Rate: 2.5%.

  
  

Milestone Benefits:

Customers who use a credit card to buy INR 5 lakhs annually receive 10,000 reward points. Bonus Reward Points of 10,000 extra on passing INR 8 lakhs of annual expenditures on the card.

Travel Benefits

2 free visits per calendar quarter in domestic lounges in all major airports in India, 6 free visits per calendar year in international lounges in all major airports, with your Priority Pass.

Potential Drawbacks

Nonetheless, there are some disadvantages that the RBL Bank iGlobe Credit Card has that should be taken into consideration by potential applicants.

• Low general cashback rate: The card has a very low rate of cashback.

• Minimal benefits: To the people who do not travel frequently, the benefits attached to travelling might not be of much use, and this makes the card less attractive to local shoppers or diners.

  
  

Fees and Charges

It is necessary to know the fees and charges related to the RBL Bank iGlobe Credit Card.

• 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.

• The charge that is imposed on the customer due to late payment is based on the Customer Total Outstanding amount, and the fee is between 5 and 1300.

• Mark-up on foreign currency: 1.5% at most.

• Reward redemption charges: Rs. 99 +GST.

Eligibility Criteria

• NRE Customer Requirement: This is a credit card that is available to Non-Resident External (NRE) account holders. This implies that you should be a foreign Indian citizen and have an NRE savings account with RBL Bank.

• Minimum Income Requirement: The RBL Bank has not written clearly about the minimum income required in terms of the iGlobe Credit Card.

  
  

Is This Credit Card Right for You?

The RBL Bank iGlobe Credit Card has an inferior cashback rate when compared to most other high-end credit cards. Even the benefits provided by it are mediocre. On the whole, there are several credit cards that have a better package than this card.

If you want to read a more detailed review of this card and find out its AI-powered, unbiased rating, click here.

#iglobe #rblcreditcard #india #myrupaya

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