RBL Bank iGlobe Credit Card
The RBL Bank iGlobe Credit Card is made especially for Non-Resident Indians who live or travel outside India. It helps NRIs manage their daily expenses, online shopping, and travel bookings easily without worrying about frequent currency exchange. The card also helps in maintaining a credit record in India, which can be useful for future financial needs. The annual fee for this card is ₹3,000 plus applicable taxes, making it a practical option for NRIs who want a simple and reliable payment solution while staying connected to Indian banking.
This credit card is suitable for frequent international travellers as it comes with a low foreign currency markup fee of 1.5% and offers useful benefits like reward points on international spending, airport lounge access, concierge services, and milestone rewards. To make bill payments easy, cardholders need to set up auto-debit through standing instructions from their RBL Bank NRE Savings Account. The card can be applied for by visiting the nearest RBL Bank branch, making it a convenient and value-packed choice for NRIs.
Rewards and Benefits
Fees & Charges
What should you consider before applying for a credit card in India?
Key Considerations Before Applying for a Credit Card in India:
- Eligibility Criteria: Ensure you meet the eligibility requirements, which typically include age, income, credit score, and employment status as defined by the issuing bank or financial institution.
- Credit Score: A strong credit score can significantly improve your chances of approval and result in more favorable terms, such as lower interest rates or higher credit limits. Verify that your credit score is healthy before applying.
- Interest Rates and Fees: Compare the annual percentage rates (APR), processing fees, late payment penalties, and foreign transaction charges associated with various cards. These costs can vary widely and impact the overall value of the card.
- Rewards and Benefits: Evaluate the rewards, cashback, discounts, or other perks offered by the card to ensure they align with your spending patterns. Some cards may provide better benefits in specific categories, such as travel, shopping, or dining.
- Credit Limit: Review the credit limit offered by the card to ensure it meets your financial needs. Avoid applying for cards with excessive limits if you are concerned about managing debt, as this can lead to higher interest charges.
- Repayment Terms: Understand the repayment structure, including the minimum payment amount, payment due dates, and any associated penalties. Being clear about these terms can help you manage payments effectively and avoid interest buildup.
- Card Type and Features: Choose a card type that matches your specific needs—whether standard, premium, or specialized cards like those offering travel rewards or dining privileges. Ensure the features of the card align with your lifestyle and spending habits.
- Bank’s Reputation: Opt for a financial institution with a proven reputation for customer service and transparency. Consider researching customer reviews and assessing their support channels to ensure reliable service.
- Hidden Charges: Be aware of any hidden fees, including annual fees, balance transfer charges, foreign transaction fees, or cash withdrawal charges. These can add up over time and affect the overall cost-effectiveness of the card.
- Credit Utilization: Maintain a balance within your credit limit to avoid high credit utilization ratios, which can negatively impact your credit score. Responsible use of credit is essential for maintaining financial health.
- Long-Term Financial Plans: Consider how the credit card fits into your overall financial strategy. Avoid accumulating unnecessary debt and choose a card that supports your long-term financial goals without adding financial strain.
RBL Bank iGlobe Credit Card: A Guide for NRIs
The RBL Bank iGlobe Credit Card is designed for Non-Resident Indians (NRIs) who want a simple and convenient way to manage their international spending, online shopping, and travel bookings. This card makes it easy to pay for expenses abroad without worrying about currency exchange and also offers rewards and lifestyle perks to make your spending more valuable.
Welcome Benefits
New cardholders can get a MakeMyTrip voucher worth ₹3,000 as a welcome gift. To receive this, you need to complete two steps:
- Make an eligible purchase using the card within 30 days of receiving it.
- Pay the annual membership fee by the due date on your first statement.
Once both steps are completed, the voucher will be sent via SMS and email. You can expect to receive it within 60 days after completing the transaction and paying the annual fee.
Reward Points and Milestone Perks
The iGlobe Credit Card allows you to earn Reward Points for both domestic and international spending:
- International Transactions: Earn 10 points for every ₹100 spent.
- Domestic Transactions: Earn 5 points for every ₹100 spent.
Some transactions, such as cash withdrawals, EMIs, fees, and taxes, do not earn points.
The card also has milestone rewards to encourage higher spending:
- Spend ₹5 lakh in a year and get 10,000 bonus Reward Points.
- Spend ₹8 lakh or more and get an additional 10,000 points.
The Reward Points are credited within 30 days of achieving the milestone. The total spent includes both primary and add-on card transactions, but only eligible purchases count.
Airport and Railway Lounge Access
For frequent travelers, the iGlobe Credit Card offers exclusive lounge access:
- Domestic Lounges: 2 complimentary visits per quarter.
- International Lounges: 6 complimentary visits per year through Priority Pass.
- Railway Lounges: 2 visits per quarter at select stations.
A small authorization fee may apply for verification, but it is not charged to your account. Guest access may incur extra charges.
Concierge Services
The card provides 24/7 concierge support to make your life easier. Services include:
- Hotel and restaurant bookings
- Event planning and special occasion support
- Golf course and car rental reservations
- Spa, fitness, and sports activity information
- Gift and flower delivery assistance
These services help cardholders manage personal and lifestyle needs effortlessly.
Forex Markup Fee
For international transactions, the iGlobe Credit Card charges a low forex markup fee of 1.5%, which applies to purchases abroad or online payments in foreign currencies. This is a competitive rate compared to many other NRI credit cards.
Golf Benefits
Golf enthusiasts can enjoy exclusive perks:
- 4 complimentary rounds of golf per year at select courses
- 1 free golf lesson every month
- 50% discount on additional rounds beyond the complimentary ones
Bookings can be made through the MasterCard World Card Golf helpline.
Fuel Surcharge Waiver
Cardholders get a 1% waiver on fuel surcharges for transactions between ₹500 to ₹4,000, up to ₹250 per month. This helps reduce costs for regular fuel purchases.
Managing Payments
Bill payments can be easily managed through standing instructions from your RBL Bank NRE Savings Account. This ensures timely payments without manual intervention, allowing smooth financial management while living abroad.
Why Choose the RBL Bank iGlobe Credit Card?
This card is ideal for NRIs who spend internationally or travel frequently. Some key advantages include:
- Welcome voucher and milestone rewards
- Reward Points for domestic and international transactions
- Airport and railway lounge access
- 24/7 concierge services for lifestyle and travel support
- Golf privileges and fuel surcharge waiver
- Low foreign currency markup fee
With these benefits, the iGlobe Credit Card helps NRIs maximize their spending, enjoy travel perks, and manage finances conveniently.
How to Apply
The RBL Bank iGlobe Credit Card is available exclusively for NRIs. Interested applicants can visit the nearest RBL Bank branch to apply. Once approved, you can use the card for both everyday purchases and international spending while enjoying all its benefits.
Bottom Line
The RBL Bank iGlobe Credit Card is a reliable and rewarding credit card for NRIs. It combines travel perks, reward points, lounge access, concierge services, and lifestyle benefits in one card. With its easy management through NRE accounts and attractive welcome and milestone rewards, it is a perfect choice for NRIs who want to make the most of their spending, both domestically and internationally.
Who can apply for the iGlobe Credit Card?
This card is only for NRIs. Resident Indians are not eligible.
How do I earn Reward Points?
Earn 10 points for every ₹100 spent internationally and 5 points per ₹100 spent in India. Transactions like cash withdrawals, EMIs, fees, and taxes do not earn points.
Are there fees when redeeming rewards?
Yes, redeeming Reward Points costs ₹99 per transaction.
Does the card offer lounge access?
Yes, you get 2 domestic lounge visits every quarter and 6 international lounge visits each year.
Are there any fuel surcharge benefits?
Yes, you get a 1% waiver (up to ₹250 per month) on fuel transactions between ₹500–₹4,000.
Does the card provide insurance coverage?
No, the iGlobe Credit Card does not include any insurance benefits.
What are the golf privileges?
Cardholders get 4 free rounds of golf annually and 1 complimentary golf lesson every month.
What is the foreign currency markup fee?
The card charges a 1.5% fee on all international transactions.
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