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Federal BankRBL Bank has always focused on building long-lasting and nurturing relationship with customers, and the portfolio of credit cards offered is great. You can find everything from travel, shopping, movies, fuel, and other credit cards by the bank.
If you are someone who regularly visits foreign countries on business trips or vacation, you should look for a credit card with a low forex markup fee. When you use your credit card abroad, then you have to pay the markup fee for the transaction, which is usually around 3-3.5%. of the total amount. RBL Bank has credit cards that offer a lower markup fee and the RBL Bank World Safari card comes with no markup fee at all.
Keep reading to know about the forex markup fees charged by the top RBL Bank credit cards, and everything else related to it –
When is the Forex Markup Fee Charged?
Whenever you swipe your credit card at a foreign merchant POS outlet, or anywhere online where the transaction is in a foreign currency, the credit card issuer charges an extra forex markup fee to process this transaction. The forex fees details are provided in the credit card agreement document and you must read it before using the card.
Basically, the credit card network like Visa, Amex, or Mastercard charges a 1% forex fee and the card issuer than further adds a percentage amount to it, bringing the total forex markup fee to around 3-3.5% on most credit cards. Different card issuers and different credit card variants may charge a different forex markup fee on your international spends.
Othan than forex markup, you are also charged around 1% currency conversion fee by the card’s payment processor. Normally, the currency conversion fee is charged to the card issuer, but they pass this fee to you, and you end up paying both the forex markup and currency conversion fee. 3% of the total transaction amount may not seem much at first, but if you regularly make international spends with your card, then these fees can add up to a lot over a longer time.
Forex Markup Charges on RBL Bank Credit Cards
The following are the forex markup fees on RBL Bank credit cards –
Fees
Joining Fee
Renewal Fee
Best Suited For
Travel
Reward Type
Reward Points
Welcome Benefits
Card Details +
The RBL Bank World Safari is a travel card and is one of the three cards launched by the bank for millennials. The joining fee on this card is Rs. 3000 and you get a MakeMyTrip voucher as welcome benefit along with travel points for your spends. You can redeem these points against hotel/flight bookings and other things at the RBL Rewards website. Being a travel card, you get complimentary domestic and international lounge access and complimentary golf rounds. The best part about this credit card is that it does not charge any forex markup fee on foreign country spends, which is great for those who regularly visit foreign countries.
- Rs. 3000 worth MakeMyTrip voucher as welcome benefit
- 5 Travel Points per Rs. 100 spent with the card
- Bonus 25,000 Travel Points per year as milestone benefit
- Rs. 10,000 worth Taj Experience Gift Card on spends above Rs. 7.5 Lakhs in the year
- Complimentary domestic as well as international lounge access with the Priority Pass membership
- Complimentary golf sessions at top courses in the country
- No foreign currency markup fee on international spends
Fees
Joining Fee
Renewal Fee
Best Suited For
Dining
Reward Type
Reward Points
Welcome Benefits
Card Details +
The RBL Bank Edition card is the premium variant of the Edition Classic card and comes at a joining fee of Rs. 2000 plus taxes. You get a complimentary Zomato Pro membership with the card and it offers Edition Cash as reward points for your spends. The travel and other privileges on the card are minimal as it is a dining card, but you do get complimentary lounge access, both domestic and international. Even the 1.5%forex markup fee on the card is lower than the standard 3.5% and great for those who regularly make foreign currency spends.
- Complimentary Zomato Pro membership
- 10 Edition Cash per Rs. 100 spent on Blinkit and Zomato
- 1 Edition Cash per Rs. 100 on other spends
- Bonus 2000 Edition Cash on spends of Rs. 5 Lakh per year
- BOGO offer on BookMyShow movie tickets per month, max Rs. 200 discount
- Annual fee waiver on spending Rs. 4 Lakhs in the year
- Complimentary domestic and international lounge access
- Low forex markup fee of 1.5%
Fees
Joining Fee
Renewal Fee
Best Suited For
Movies
Reward Type
Reward Points
Welcome Benefits
Card Details +
The RBL Bank Insignia Preferred Banking World Credit Card is a premium offering by the bank and has many high-end benefits and privileges. The card is just for the bank’s Insignia Preferred members and you must get in touch with your relationship manager in order to apply for this credit card. With this card, you get a complimentary Priority Pass membership, dining offers, movie benefits, and an unmatched concierge service. The reward rate on the credit card is also quite decent offering 10 RPs per Rs. 100 spent on international and 5 RPs per Rs. 100 on domestic spends. Moreover, you also get access to golf sessions at top courses around the world.
- 5 reward points per Rs. 100 on domestic spends
- 10 reward points per Rs. 100 on international spends
- Complimentary Priority Pass membership offering 6 international lounge access per year
- 2 complimentary domestic lounge access per quarter with Mastercard lounge access program
- Rs. 30000 worth travel benefits on spending Rs. 8 Lakhs or more in the card anniversary year
- Rs. 500 discount on your BookMyShow movie tickets
- 24*7 concierge service for all types of bookings
- 12 complimentary golf rounds per year and 50% green fee waiver on additional rounds
- 1% fuel surcharge waiver on transactions between Rs. 500 to Rs. 4000
- The forex markup fee on the card is 3.5% of the total amount
Fees
Joining Fee
Renewal Fee
Best Suited For
Movies
Reward Type
Reward Points
Welcome Benefits
Card Details +
RBL Bank and BookMyShow partnered to launch their co-branded movie credit card, the BookMyShow RBL Bank Play credit card. The card is exclusively meant for individuals who regularly watch movies at theatres and book their tickets through the BookMyShow portal. The card has an affordable joining fee of Rs. 500 that can be waived off on reaching the spend milestone while the card is free of cost for BookMyShow Super Star members. There are no regular reward points on this credit card and you can get up to 2 movie or non-movie tickets per month on reaching the target spend. The forex markup fee on the card is 3.5% of the transaction amount.
- Up to Rs. 500 discount on movie, streams, events tickets, etc. on BookMyShow, as welcome benefit
- Get up to 2 movie or non-movie tickets per month on reaching the monthly target spend
- Get up to Rs. 100 discount on food and beverage items on movie ticket bookings through BookMyShow
- 1% fuel surcharge waiver and spend-based annual fee waiver
- Forex markup fee on the card is 3.5% of the total amount
Fees
Joining Fee
Renewal Fee
Best Suited For
Shopping
Reward Type
Reward Points
Welcome Benefits
Card Details +
The RBL Bank Shoprite credit card is the ideal choice for cardholders that want to make savings on almost all their spends. The card offers discount on BookMyShow movie ticket bookings as well as rewards on your grocery spends. Cardholders have to pay a nominal joining fee of Rs. 500 for this card and you even get 2000 bonus reward points as welcome benefit when you make your first purchase inside 30 days of card issuance. Moreover, you can earn accelerated reward points of up to 20 RPs per Rs. 100 spent on certain categories and redeem points for a host of categories. The forex markup fee on the card is 3.5% of the transaction amount.
- Bonus 2000 reward points as welcome benefit
- 1 RP per Rs. 100 spent on retail and up to 20 RPs per Rs. 100 spent on groceries
- Up to 10% off on movie tickets through BookMyShow
- 1% fuel surcharge waiver and spend-based annual fee waiver
- Forex markup fee on the card is 3.5% of the total amount
Fees
Joining Fee
Renewal Fee
Best Suited For
Travel
Reward Type
Reward Points
Welcome Benefits
Card Details +
The RBL Bank Icon card is meant for those who prefer a luxurious lifestyle and is packed with many privileges and benefits like dining, travel, movie, golf, etc. The card charges a joining fee of Rs. 5000 and offers bonus 20,000 reward points as a welcome benefit. Also, you earn up to 20 RPs per Rs. 100 spent with the card and can redeem them against different things. The card offers domestic and international lounge access through Priority Pass, complimentary golf rounds, fuel surcharge waiver, and more. The forex markup fee on the card is 3.5% of the transaction amount.
- Bonus 20,000 reward points as welcome benefit
- Bonus 45,000 reward points as milestone benefits
- 20 RPs per Rs. 100 on weekend and international spends, and 2 RPs per Rs. 100 on retail
- BOGO offer on movie tickets twice per month, maximum discount of Rs. 200
- 2 complimentary domestic lounge access per quarter and international lounge access with Priority Pass membership
- Complimentary golf rounds and lessons per month
- Forex markup fee of 3.5% of the transaction amount
Fees
Joining Fee
Renewal Fee
Best Suited For
Movies
Reward Type
Reward Points
Welcome Benefits
Card Details +
The RBL Bank Popcord card is great for those who regularly go to movies. You can get 4 complimentary movie tickets from BookMyShow, up to Rs. 1000 as welcome benefit, and can earn 2 free tickets on spending Rs. 5000 or more in a month. Moreover, you can earn a cashback of Rs. 25 on spending Rs. 2500 or above in a week. There are not many other travel and lifestyle privileges with the card, but it is perfect for movie enthusiasts. The forex markup fee on the card is the standard 3.5% of the transaction amount
- 4 complimentary movie tickets worth Rs. 1000 as welcome benefit
- 2 complimentary movie tickets per month on spends of more than Rs. 5000 per month
- Weekly cashback of Rs. 25 on spends of Rs. 25,000 or more per week
- 1% fuel surcharge waiver
Fees
Joining Fee
Renewal Fee
Best Suited For
Travel
Reward Type
Reward Points
Welcome Benefits
Card Details +
The RBL Bank Platinum Maxima card charges a joining fee of Rs. 2000 and offers bonus 8000 reward points as a welcome benefit. The reward rate on the card is decent where you get 2 RPs per Rs. 100 spent with the card, and 5x RPs on utility bills, fuel, dining, entertainment, and international spends. Also, you can earn bonus 20,000 reward points every year as milestone benefits. Other benefits include complimentary domestic lounge access, complimentary BookMyShow movie tickets, and more. The forex markup fee on the card is 3.5% of the transaction amount.
- Bonus 8000 reward points as welcome benefit
- 2 RPs per Rs. 100 spent on your purchases and 5x RPs on select categories
- BOGO offer on BookMyShow movie tickets
- Complimentary domestic lounge access per quarter
- Bonus 20,000 reward points as milestone benefits
- 1% fuel surcharge waiver
How to Apply for RBL Bank Credit Cards
In order to apply for RBL Bank credit cards, you have to follow these steps –
- Click on the Apply Now button.
- Fill out the given form.
Eligibility Criteria and Documents Required
You must meet the following eligibility criteria in order to apply for RBL Bank credit cards –
- The primary applicant must be minimum 21 years old
- The applicant must be an Indian resident or citizen
- The applicant must have a stable source of income
- The applicant must have a decent credit history and CIBIL score
You will need to provide the following documents when applying for RBL Bank credit cards –
ID Proof – Aadhar Card, PAN Card, Driver’s License, Passport, etc.
Address Proof – Aadhar Card, Rent Agreement, Ration Card, Passport, Latest Utility Bills, etc.
Income Proof – Salaried individuals need to provide the latest months’ salary slips and bank statements. Self-employed individuals need to provide their audited ITR of the previous year.
Credit Cards Comparison
The following table features a side-by-side comparison of the credit cards –
| Category | RBL Bank World Safari Credit Card | RBL Bank Edition Credit Card | RBL Bank Insignia Preferred Banking World Credit Card | RBL Bank ShopRite Credit Card |
| Joining/Annual Fees | Rs. 3000 plus taxes | Rs. 2000 plus taxes | Nil | Rs. 500 plus GST |
| Welcome Benefit | MakeMyTrip voucher as a welcome benefit worth Rs. 3000 | Complimentary Zomato Pro membership | NA | Bonus 2000 reward points |
| Reward Earning | 5 Travel Points per Rs. 100 spent on travel 2 Travel Points on Rs. 100 spent elsewhere | 10 Edition Cash per Rs. 100 spent on Blinkit and Zomato 1 Edition Cash per Rs. 100 spent elsewhere | 5 RPs per Rs. 100 on domestic spends. 10 RPs per Rs. 100 on international spends. | 1 RP per Rs. 100 on retail spends 20 RPs per Rs. 100 on grocery spends |
| Reward Redemption | Travel Points can be redeemed at RBL Rewards website against ait travel, hotel bookings, etc. | Edition Cash can be redeemed against the card statement balance | Reward points can be redeemed at RBL Rewards portal against e-vouchers, flight bookings, mobile recharges, etc. where 1 RP = Rs. 0.25 | Reward points can be redeemed at RBL Rewards portal against e-vouchers, flight bookings, mobile recharges, etc. where 1 RP = Rs. 0.25 |
| Dining/Movie Benefits | NA | BOGO offer on BookMyShow movie tickets Accelerated reward rate on Zomato spends | Rs. 500 discount on BookMyShow movie tickets. Exclusive dining program offering personalized hospitality and priority reservations | Get 10% off on BookMyShow movie tickets, 15 times per year |
| Travel Benefits | Complimentary domestic as well as international lounge access | Complimentary domestic and international lounge access | Complimentary domestic and international lounge access with Priority Pass | NA |
| Spend-Based Waiver | NA | Renewal fee waiver on spending Rs. 4 Lakhs in the anniversary year | NA | Renewal fee waiver on spending Rs. 1.5 Lakhs in the previous year |
| Forex Markup Fee | Nil | 1.5% | 3.5% | 3.5% |
Bottom Line
RBL Bank has over 40 credit cards that cater to the needs and requirements of its customers. You can find everything ranging from premium, movies, shopping, to travel credit cards by the bank. The bank has some credit cards that charge low forex markup fees and are ideal for people who regularly go out to foreign countries or make regular spends in foreign currencies with their credit card.
The RBL Bank World Safari credit card charges no markup fee at all on foreign transactions. Also, the Edition card has a low 1.5% forex markup fee and you can consider getting these cards if you regularly make spends in the foreign currency. All other cards by the bank have the standard 3.5% markup fee.
Let us know in the comments section if you plan on getting an RBL Bank credit card with low forex markup fees.
FAQs:
- Visit the official RBL Bank website
- Click on Personal Banking and choose the Credit Cards option.
- Out of all the credit cards, choose the one you want and click on Read More.
- Go through all the information related to the card and click on Apply Now.
- Provide your documents and all other information to successfully complete the application
Find the perfect credit card in India by comparing the most rewarding options in one place!
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