The RBL Bank Travel and Entertainment Credit Card stands as a premier corporate credit solution, meticulously designed to meet the diverse financial needs of businesses and their employees. As a product tailored for convenience, this card combines flexibility with a wide range of features that enhance corporate spending and travel experiences. With its reward programs, interest-free credit periods, and global acceptance, the card is positioned as an excellent choice for corporate clients looking to streamline their financial transactions.
Why Choose RBL Bank Travel and Entertainment Credit Card?
The RBL Bank Travel and Entertainment Credit Card offers businesses a comprehensive array of advantages that cater specifically to their operational and travel requirements. This card ensures seamless usage across a wide variety of transactions, both domestically and internationally, making it an indispensable tool for corporate expenditure.
Some of the key highlights include:
- Interest-Free Credit: The card offers an interest-free credit period of up to 50 days, allowing users to manage their cash flows effectively without worrying about immediate interest accrual.
- Fuel Surcharge Waiver: Cardholders enjoy a 2.5% waiver on fuel surcharges, or Rs. 10, whichever is higher, which helps reduce costs for businesses that require frequent travel.
- Emergency Card Replacement: In case of emergency, users can avail of quick card replacements, ensuring that they never face downtime due to lost or stolen cards.
- Reward Programs: This card offers substantial rewards for both domestic and international transactions, making it an attractive option for businesses that frequently engage in travel and entertainment-related expenses. Key rewards include:
- 2 reward points for every Rs. 100 spent on domestic transactions.
- 4 reward points for every Rs. 100 spent on international transactions.
- Global Acceptance: The RBL Bank Travel and Entertainment Card is accepted worldwide, making it a convenient option for businesses with global operations. Users can make transactions in multiple currencies without any hassle.
- E-Statements: The card offers a convenient e-statement feature, ensuring that businesses can monitor their expenses easily while contributing towards environmental sustainability by reducing paper waste.
- Dedicated Relationship Manager: Cardholders benefit from a dedicated relationship manager who provides priority support for all credit card-related queries and issues.
- Insurance on Lost Cards: The card comes with a lost card insurance cover of up to Rs. 2 lakh, providing an additional layer of security against potential financial losses due to card misplacement or theft.
RBL Bank Travel and Entertainment Card: Fees and Charges
To help businesses make informed decisions, the RBL Bank Travel and Entertainment Credit Card comes with clearly defined fees and charges. Below is a detailed breakdown of the applicable fees:
| Fee/Charge | Amount/Rate |
|---|---|
| Joining/Annual Fee | Not Applicable |
| Finance Charges | 3.4% per month |
| Card Replacement Fee | Rs. 200 |
| Duplicate Statement Fee | Rs. 100 |
| Late Payment Fee | 15% of the total amount due (Min Rs. 350, Max Rs. 1,000) |
| Over Limit Penalty | Rs. 600 |
| Charge Slip Retrieval | Rs. 100 |
| Cheque Bounce Charges | Rs. 500 |
| Cash Payment at Branch | Rs. 250 |
| Foreign Exchange Markup | 3.50% |
These charges are designed to be transparent, ensuring that cardholders can anticipate and manage costs effectively. The foreign exchange markup is particularly useful for businesses that engage in international transactions, allowing them to conduct business without hidden fees.
Credit Limits and Accessibility
One of the critical features of the RBL Bank Travel and Entertainment Credit Card is its flexible credit limit. While there is no specific cash limit applicable to corporate cards, each cardholder is allocated a credit limit based on the decision of the corporate.
- The total amount due on the card, including both charges and transactions, must remain within the predefined credit limit.
- This credit limit varies depending on the corporate’s discretion and is regularly communicated to the cardholder through monthly statements.
This flexibility allows businesses to set spending limits for different employees, ensuring better financial control and monitoring.
Eligibility Criteria
The eligibility to acquire the RBL Bank Travel and Entertainment Credit Card is based on several factors, primarily depending on the discretion of RBL Bank. Key considerations include:
- The corporate’s relationship with RBL Bank.
- The management’s decision regarding the issuance of the card to its employees.
This approach ensures that the card is offered only to those businesses that have a well-established financial rapport with RBL Bank, allowing them to enjoy the full suite of benefits the card provides.
How to Apply for the RBL Bank Travel and Entertainment Card?
Applying for the RBL Bank Travel and Entertainment Credit Card is a straightforward process, offering both online and offline options to suit various preferences.
- Offline Application:
- Customers can visit any RBL Bank branch where a bank executive will assist them through the application process.
- Alternatively, businesses can reach out to their personal banker, who can arrange the necessary formalities for issuing the card.
- Online Application:
- To apply online, businesses can visit the official RBL Bank website, navigate to the credit card section, and select the Travel and Entertainment Card.
- Once the form is filled out and submitted, an RBL Bank representative will contact the applicant to guide them through the next steps.
This dual application method ensures that businesses can choose the option that works best for them, providing flexibility in the application process.