Santa Claus comes around just once a year. In the meantime, there are Credit Cards.
The RBL Bank Icon Credit Card is designed to complement an individual’s lifestyle. It gives maximum benefits and discounts when used during weekends. The cardholder can earn up to 20 points for every Rs.100 they spend on international and dining, which of course, varies somewhere from 0.5% to 5%.
In addition, customers can avail these complimentary services:
The rewards offered by the RBL bank on the Icon Credit Card are amazing. The earned reward points can be redeemed for shopping vouchers, hotel stays, air travel, etc.
The cardholder can earn a maximum of 2,000 reward points every month, especially on weekend dining and international spends. The reward program includes the following:
The fees and other charges associated with the Icon Credit Card are as follows:
| Type of Fee | Charge |
|---|---|
| Annual fee | Rs.5,000 including service tax |
| Finance fee | 3.5% per month (42% per annum) |
| Over-limit fee | Rs.600 per month |
| Late payment charges | 15% of the total due amount (Rs.350 minimum and Rs.1,000 maximum) |
| Cash advance fee | 2.5% of the amount (minimum of Rs.300) |
| Call-a-draft fee | 2.5% of the draft amount (minimum of Rs.300) |
| FTF (Foreign Transaction Fee) | 3.5% of the transaction amount |
| Add-on card charges | Nil |
| Card replacement charges (stolen/lost/reissue) | Rs.200 |
| Fee for requesting duplicate bank statement | Rs.100 |
| Charge slip fee | Rs.100 |
| Cheque return fee | Rs.500 |
| The surcharge on purchases/cancellation of railway ticket | IRCTC service fee + transaction charge of the respective payment gateway |
| Cash deposit transaction fee | Rs.100 (at any RBL bank branch) |
| Fuel surcharge | Waived by 1% |
| Fee for the outstation cheque | Rs.100 |
The eligibility criteria for applying the RBL icon credit card are as follows:
For a salaried employee:
For a self-employed:
The mandatory documents required for applying the RBL icon credit card are as follows:
The process to apply for the RBL Icon Credit Card is simple and quick. The steps are explained below:
The benefits can be maximized if you do the following:
The RBL icon credit card is useful only for people who are looking for a better reward plan with added benefits. Also, if the lifestyle calls for it and if you are ready to pay the additional charges that come with it, it is certainly worth.
You can apply for an RBL icon credit card if you are looking for the following:
The reward varies from 0.5-5%.
For every international transaction, the card charges 3.5% of the transaction amount. If the international transaction is other than the US currency, then the total transaction amount will be first converted to US dollars and then the 3.5% FTF (Foreign Transaction Fee) will be charged.
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