RBL Bank Icon Credit Card

The RBL Bank Icon Credit Card stands out in the crowded market of premium credit cards, offering an exclusive set of benefits and rewards that cater to high-end spenders. From lifestyle privileges to travel advantages, this card is designed to meet the needs of those seeking premium experiences. Below, we’ll explore the features, rewards, fees, and eligibility requirements that make the RBL Bank Icon Credit Card an excellent choice for discerning customers.

Exclusive Benefits of the RBL Bank Icon Credit Card

The RBL Bank Icon Credit Card is packed with various benefits, ensuring that cardholders experience a blend of luxury and practicality. Whether you’re dining at fine restaurants or traveling across the globe, the card offers perks that elevate your experience.

1. Reward Points on Every Transaction

One of the most attractive features of the RBL Bank Icon Credit Card is its rewarding points system. Cardholders earn points for every rupee spent, which can be redeemed for a variety of products, services, or even cashback.

• Earn 2 reward points for every ₹100 spent on regular purchases.
• Earn 5 reward points for every ₹100 spent on dining, travel, and international transactions.
• These reward points can be redeemed against flights, hotels, luxury products, and more.

2. Airport Lounge Access

Frequent travelers will appreciate the complimentary lounge access available with the RBL Bank Icon Credit Card. You get access to both domestic and international lounges, offering comfort and luxury while you wait for your flights.

• Unlimited domestic lounge access across major airports in India.
• International lounge access in over 1,000 airports globally.
• Complimentary food, beverages, Wi-Fi, and more in these lounges.

3. Complimentary Movie Tickets

Movie lovers will be thrilled with the complimentary movie tickets that come with this card. The RBL Bank Icon Credit Card offers:

• Up to 2 free movie tickets every month when booked through partnered platforms.
• Get discounts on additional tickets and access to exclusive screenings and premieres.

4. Milestone Benefits

The more you spend with the RBL Bank Icon Credit Card, the more rewards you unlock. Milestone benefits include:

• Spend ₹3 lakhs in a year and get complimentary vouchers worth ₹3,000.
• Spend ₹5 lakhs and unlock additional reward points or cashbacks.
• These milestones ensure that high spenders receive even more value from their credit card.

5. Fuel Surcharge Waiver

Cardholders can enjoy savings at fuel stations across India with the fuel surcharge waiver benefit. Save on every fuel transaction made with the RBL Bank Icon Credit Card.

• 1% fuel surcharge waiver on all fuel transactions between ₹400 and ₹5,000.
• Applicable at all major fuel stations across India.

6. Insurance Coverage

The RBL Bank Icon Credit Card offers comprehensive insurance coverage, including protection against unforeseen circumstances.

• Travel insurance coverage up to ₹50 lakhs for air accidents.
• Lost baggage and delayed flight insurance.
• Fraud protection up to ₹3 lakhs in case of unauthorized transactions.

7. Concierge Services

Cardholders can avail themselves of 24/7 concierge services for booking travel, dining reservations, and more. The RBL Bank Icon Credit Card ensures that help is always available for your premium lifestyle needs.

• Travel bookings including flights, hotels, and car rentals.
• Dining reservations at fine restaurants worldwide.
• Event tickets for concerts, sporting events, and shows.

Eligibility Criteria for RBL Bank Icon Credit Card

The RBL Bank Icon Credit Card is aimed at premium users, and as such, the eligibility criteria are set to reflect the card’s status. Applicants need to meet certain income and credit score requirements to be approved.

• Age requirement: Applicants must be between 21 and 65 years old.
• Income criteria: Minimum annual income of ₹12 lakhs is required.
• Credit score: A good to excellent credit score (above 750) increases your chances of approval.

How to Apply for the RBL Bank Icon Credit Card

Applying for the RBL Bank Icon Credit Card is a straightforward process. Prospective cardholders can either apply online through the official RBL Bank website or visit a branch.

• Online Application: Visit the RBL Bank official website, fill out the application form, and submit necessary documents such as income proof, address proof, and identity proof.
• Branch Application: Visit the nearest RBL Bank branch, speak to a representative, and submit the required documents.

The bank typically reviews applications within 7-10 working days. Upon approval, the card is dispatched to the applicant’s registered address.

Fees and Charges Associated with RBL Bank Icon Credit Card

While the RBL Bank Icon Credit Card offers numerous rewards, it’s essential to be aware of the fees associated with the card. Here’s a breakdown of the most important charges:

Annual Fee

The card comes with an annual fee of ₹5,000 + GST. However, this fee can be waived upon reaching certain spending milestones.

Interest Rates

The card has an interest rate of 3.5% per month, which translates to 42% per annum. This interest applies to any outstanding balances that are not paid in full by the due date.

Foreign Transaction Fee

A foreign transaction fee of 2% is applicable on all international purchases made with the card.

Late Payment Fee

If the minimum payment is not made by the due date, a late payment fee ranging from ₹350 to ₹1,000 is applied, depending on the outstanding amount.

Pros and Cons of RBL Bank Icon Credit Card

Every credit card comes with its strengths and weaknesses. Let’s examine both sides of the RBL Bank Icon Credit Card.

Pros

• Extensive reward system that covers various spending categories.
• Complimentary lounge access at domestic and international airports.
• Movie ticket offers and other lifestyle benefits.
• Comprehensive insurance coverage including travel and fraud protection.

Cons

• High annual fee compared to other credit cards in the market.
• Foreign transaction fee makes it less ideal for frequent international travelers.
• High interest rate if balances are not paid in full.

Is the RBL Bank Icon Credit Card Right for You?

The RBL Bank Icon Credit Card is an excellent choice for individuals who want to enjoy premium lifestyle benefits and who spend significantly in categories like travel, dining, and entertainment. If you can maximize the rewards and use the card for high-value transactions, the benefits easily outweigh the costs.

However, if you are not a frequent traveler or do not spend heavily in reward-earning categories, the high annual fee may not justify the rewards. It’s essential to assess your spending habits before opting for this card.

Conclusion

The RBL Bank Icon Credit Card offers a premium experience with its extensive rewards, travel perks, and exclusive lifestyle benefits. For those who can leverage the card’s features to the fullest, it can be a valuable addition to your financial toolkit. With the potential to save on dining, travel, and even fuel, along with access to luxury services like concierge and airport lounges, this card is designed for high-end spenders looking to maximize their returns on everyday expenses.