RBL Bank iGlobe Credit Card: Feature, Benefit, Apply

RBL Bank iGlobe Credit Card: Feature, Benefit, Apply RBL Bank, formerly known as Ratnakar Bank, is one of the fastest growing private sector banks lending services to more than 3.74 million and serving over 340 + branches and 1200 + ATMs.

In our modern world, in which many of us are constantly on the go, a credit card that offers ease, rewards, and perks is a must — particularly for those who travel often. RBL Bank iGlobe Credit Card is a card that is built to suit the purpose of the Non-Resident Indians (NRIs) who travel frequently to abroad or have foreign international spends. Boasting features that cover the important aspects of convenient travel, lifestyle and security, the iGlobe Credit Card is more than just a card for payment.

In this comprehensive blog, we will do a deep dive into RBL Bank iGlobe Credit Card, the product features, benefits, eligibility, fees and how it is positioned in the highly competitive credit card gaming. Let’s dive in.

What is RBL Bank iGlobe Credit Card?

RBL Bank iGlobe Credit Card -A premium credit card for Non-Resident Indians (NRI) It provides a great selection of features, perks, and benefits, especially if you’re a heavy traveler or a big spender overseas. Suitable for those looking to receive rewards for both domestic & international localized spends, avail of complimentary lounge access, and avail the concierge services improving overall travel & lifestyle experiences.

The iGlobe Credit Card also ensures that it comes packed with a host of features specially designed to meet the needs of NRIs, including travel benefits, and waiver on foreign currency transaction fee, besides a highly rewarding rewards programme that makes it possible for the cardholders to easily earn and use the points.

Highlights of RBL Bank iGlobe Credit Card

The RBL Bank iGlobe Credit Card offers a host of benefits that are tailor made to offer the best value for regular globetrotters. Below are the major features of the card you need to know:

Reward Points System

10 Reward Points on ₹100 for international spends, perfect for NRIs as international spends are typically in foreign currency.

5 RP/ ₹100 on all domestic spends.

2 Reward Points for ₹100 spent on Utility, Insurance, Education and other categories.

Card members can use points to purchase practically anything, from hotel stays and flights to merchandise and movie tickets.

Redemption : You can redeem all you accumulate points for variety of options from travel, lifestyle and shopping through rewards website of RBL Bank.

Welcome Benefits

Upon activation and payment of the joining fee, the RBL Bank iGlobe Credit Card offers welcome benefits, such as a ₹3,000 voucher from MakeMyTrip that can be used for various things like flight bookings, hotel bookings, or other travel-related spend.

Apart from the MakeMyTrip voucher, the card offers further lifestyle privileges such as fashion and e-commerce brands’ discounts.

Lounge Access

The domestic lounge access is also provided to iGlobe Credit Card with 2 free access per quarter. That’s a big plus for those frequent travelers who enjoy chilling at airport lounges prior to a flight.

The card also includes international lounge access with Priority Pass, including 6 free visits per year to more than 1,400 airport lounges throughout the world. This is a great perk for frequent international fliers.

Travel Benefits

Here is how the RBL Bank iGlobe Credit Card is packed with a slew of travel benefits:

Forex Markup Fee: The credit card charges a forex markup fee of 1.5% which is quite low when it comes to international transactions. This is one of the lowest in the industry, and cuts down on the extra cost incurred when using the card internationally.

Priority Pass Membership: You’ll get a free Priority Pass membership (a $99 value) to bring you in more than 1,000 airport lounges worldwide. Each traveler has 6 visits/year for free, and you can purchase more for a small fee.

Fuel Surcharge Waiver: The card gives you a 1% waiver on fuel charges between ₹500 and ₹4,000 at any petrol pump across the country. This is a huge plus for many users who often use their card for fuel.

Insurance Coverage

The RBL Bank iGlobe Credit Card provides numerous insurance benefits to keep its users stress free:

Purchase Protection: Your purchases are protected with $500 coverage against accidental damage or theft.

Credit Shield: It offers protection to the balance amount on the card against the untimely death of the cardholder.

Travel Insurance: Protection against lost luggage, flight delays, and other travel snafus.

Advantages of the RBL Bank iGlobe Credit Card

Apart from that, the iGlobe Credit Card has a few more benefits which can make it a lucrative credit card for NRIs.. RBL Bank iGlobe Credit Card Features These are the core features being offered by this card:UI Benefits on RBL iGlobe Credit Card RBL Bank Signature I think I will skip this for now..tep forward towards joining the club. Let’s learn about these benefits:

Comprehensive Travel Perks

A favorite NRI pastime is travelling and this is where the iGlobe Credit Card comes in with travel benefits. The card comes with priority lounge passes, foreign transaction fee waivers and travel insurance, so it’s a great option for both domestic and international travel. For business or pleasure, iGlobe card provides you with safe and convenient travel experience.

Reward Points on All Spending

One of the key highlights of the RBL Bank iGlobe Card is its rewarding reward points programme. It offers even more reward points – with 10 reward points for every ₹100 spent on international transactions and 5 reward points on domestic spends, you can earn your way toward great rewards. Those points can translate into flights and hotel stays, merchandise and even movie tickets, so it's a solid card for anyone who wants to earn rewards on everyday spending.

Low Forex Markup Fees

The 1.5% forex markup charge on international spends is not that high compared to many other premium credit cards. This way, it helps NRIs save money on purchases abroad and for remitting in foreign currency. Most credit cards levy a forex conversion fee of 3.5%, but with the iGlobe Credit Card, you save substantially on fureign exchange spending.

Convenient Access to Airport Lounges

Being able to use Priority Pass lounges and domestic lounges make waiting for your flight comfortable and relaxed. The 6 complimentary international lounge access and 2 domestic lounge access each quarter provide a good number of relaxation options even while you are travelling. These lounges provide food, drinks, Wi-Fi and in some locations even showers.

Flexible Redemption Options

Rewards Points accumulated on the card can be redeemed for travel rewards like Flights, Hotels, etc., very conveniently. Redemption is easy and you can use the points on the RBL Rewards Portal. “Card holders can also hunt for an array of options to spend their points on point redemption.”

Lounge Access for Frequent Flyers

Airport lounges are a great benefit, particularly for frequent flyers. Thanks to the Priority Pass membership and its access to domestic lounges, iGlobe Platinum Credit Card has a lot of options for you to chill before boarding. That makes the card a fantastic option for those who travel often.

Eligibility of RBL Bank iGlobe Credit Card

You can avail the RBL Bank iGlobe Credit Card if you match the following criteria:

Age: You need to be aged between 21 and 60 years.

Employment: You need to have a regular source of income, earned or self-employment.

Income: You have to meet the minimum income level that the bank has set, which depends on where you live and what you do.

NRI Status: The card is intended for NRIs holding an NRE (Non-Resident External) account with RBL Bank.

Fees and Charges

Cost of RBL Bank iGlobe Credit Card The RBL Bank iGlobe Credit Card will charge you the following:

Joining Fee: ₹3,000 + GST

Renewal Fee: ₹3,000 + GST (Waived on spend in a year)

Cash Advance Fee: 2.5% of the withdrawn amount or ₹500, whichever is more

Late Payment charge: ₹100 to ₹1,300 varied as per the due amount.

Interest Rate: 3.99% a month (47.88% per annum)

Final Thoughts: Is the RBL Bank IGLOBE Credit Card Worth It?

The iGlobe Credit Card by RBL Bank is a great option for Non-resident Indians (NRIs) that seek premium credit card experience that has robust offerings in the travel, lifestyle and rewards space. That being said, with such extensive rewards points, access to airport lounges, low forex markup rates, and other travel perks, it is a must have card for everybody who is spending money domestically as well as when traveling to foreign destinations.

Its modest forex markup fee, generous rewards on foreign spending, and thorough insurance package are unique among peers and justify the first year’s annual fee. On top of that, the free lounge access and concierge service provide card members with a seamless & luxurious traveling experience.

For NRI frequent travellers and spenders abroad, the RBL Bank iGlobe Credit Card will provide you with the best of both worlds of features and rewards. But, if you’re not a frequent traveler or have limited international spends, there are other better credit cards available.

To conclude: The RBL Bank iGlobe Credit Card is an excellent option for frequent travellers who would like to earn on rewards while being treated to luxury. If the benefits match up with how you use your rewards, this card may be a strong addition to your wallet.