RBL Bank Insignia Preferred Banking World Credit Card: The RBL Bank Insignia Preferred Banking World Credit Card, is for the bank’s Insignia Preferred members. This card is best suited for High Net worth Individuals (HNIs) i.e., people who live a life of luxury. The card comes with few amazing offers such as, golf benefits, lounge access, concierge service, Accor Plus membership and many more.
The Insignia Preferred Banking card offers a unique and exclusive experience with hand-picked rewards, special offers and invites, luxurious hotel stays and holidays, and personalised services and you get exciting lifestyle benefits, including discount on movie tickets on BookMyShow and exclusive offers on dining.
Contents
RBL Bank Insignia Preferred Banking World Credit Card
1. Features and Benefits:
The RBL Bank Insignia Preferred Banking World Credit Card offers quite good reward and benefits across different categories, including shopping, fuel and entertainment, and many more.
Here we have mentioned the features and benefits offered by the RBL Bank Insignia Preferred Banking World Credit Card:
- Milestone Benefits: You get gift vouchers worth Rs. 8,000 from any of these brands: Amazon, Croma, MakeMyTrip, Titan, or Myntra on spending Rs. 8 lakhs.
- Travel Benefits: You get 2 complimentary domestic lounge access every quarter with the MasterCard lounge program and 6 complimentary international lounge access with the complimentary Priority Pass membership and any visits post the free access will be charged at USD 27 per person per visit.
- Hotel Stays Benefits: You may get discounts, guaranteed late check-out i.e., until 4PM, daily Breakfast for two and a 50% discount on dining, and a guaranteed lowest price at over 800 hotels, 11,00 restaurants across 18 countries, Free Wi-Fi, Upgrade to next room category and more at partner brands. You get Hotel stay benefits from some of the world’s leading hotel chains including Intercontinental Hotels Group, Club Mahindra, Spice Village, Eighth Bastion, and many more.
- Movie Benefits: On movie tickets at BookMyShow every month, get a flat discount of Rs. 500.
- Reward Points: On all the purchases apart from fuel, earn 1 Reward Point for every Rs. 100 spent.
- Fuel Surcharge Waiver: On all fuel transactions between between Rs 400 to Rs 5,000, The maximum fuel surcharge waiver is subject to maximum waiver of Rs. 250 per month, get a fuel surcharge waiver of 1%, at fuel pumps all over India.
- Dining Benefits: 50% discount on dining with complimentary Accor Plus membership and priority reservation at partner restaurants across major cities in India under Dining program.
- Golf Benefits: You get 4 complimentary green fees rounds every year and 12 complimentary golf lessons every year i.e., 1 per month. Beyond the complimentary quota, get 50% discount on golf sessions.
- Concierge Service: Use the service i.e., Concierge helpline +91 22 6115 6300 to get referrals or make reservations at Golf courses, hotels, car rental, limousine services and so on.
- Reward Redemption: You can redeem the reward points on the RBL Bank’s rewards catalog for flight tickets and hotel stays, shopping gadgets and products, mobile recharges, e-vouchers and gifts.
2. Fees and Charges:
- The Joining fee and Annual fee or Renewal fee charges are- NIL
- For Interest Rate you have to pay an interest rate of 3.99% per month (or 47.88% p.a.) which is applicable to the amount due on the card’s statement if you are unable to clear all your dues within the payment due date.
- On all the Foreign currency transaction, you have to pay forex fee of 3.5% on the transacted amount. This fee is to be paid on all international transactions done using this credit card.
- Late Payment Charges are- apart from the interest rate, a late payment fee shall also be applicable, For Statement Balance: 12.5% of the outstanding amount (Min. Rs. 5 | Max. Rs. 1,300).
3. Eligibility Criteria to Apply:
RBL Bank Insignia Preferred Banking World Card is given to RBL Insignia Preferred Banking clients only. To become a Insignia Preferred Banking client customer must meet either one of the below given criteria: Either, Maintain Total Relationship Value of Rs. 30 lakh per month. This includes amount deposited in Savings Accounts, Term Deposits and other Investment Relationships or, Have an Average Monthly Balance of Rs. 10 Lakh or more in a Current Account.
The documents required for RBL Bank Insignia Preferred Banking World Credit Card are:
- For Identity Proof documents you need are: PAN Card, Aadhaar card, Driver’s License, Passport, Voter’s ID, Overseas Citizen of India Card, Person of Indian Origin Card, Job card issued by NREGA, Letters issued by the UIDAI.
- For Address Proof documents you ned are: Aadhaar card, Driver’s License, Passport, Utility Bill not more than 3 month’s old, Ration Card, Property Registration Document, Person of Indian Origin Card, Job card issued by NREGA, Bank Account Statement.
- For Income Proof, you need to submit the latest one or 2 salary slip (not more than 3 months old), Latest Form 16, Last 3 months bank statement.
4. How to Apply for RBL Bank Insignia Preferred Banking World credit card:
For RBL Bank Insignia Preferred Banking World credit card you can apply only offline. To apply for this credit card, you need to contact their customer care number by dialling the Insignia helpline number +91 22 6115 6300. And also mail them, at insignia@rblbank.com.
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