By Rajat Gaur
Updated On September 29, 2021

The Insignia Preferred Banking World Card by the RBL bank is exclusively for the bank’s Insignia Preferred members. To apply for this card, you need to contact your relationship manager. The card is complimentary for the Insignia Preferred Banking members and comes with some of the premium benefits including complimentary Priority Pass membership, concierge service, and attractive movie and dining benefits. In terms of Reward Points, the card earns you 10 Reward Points for every Rs. 100 spent on international transactions and 5 Reward Points per Rs. 100 on domestic transactions.

Moreover, you get exciting lifestyle benefits, including a discount of Rs. 500 on movie tickets on BookMyShow and exclusive discount offers on dining. You can also enjoy golf games and sessions every year at some of the premium golf courses across the country. Read on to learn more about this Preferred banking exclusive offering by the RBL bank.

Best Suited For

Movies | Travel |

Joining Fee

Nil

Reward Type

Reward Points |

Product Details

  • 5 Reward Points for every Rs. 100 spent on domestic transactions.
  • 10 Reward Points for every Rs. 100 spent on international transactions.
  • 2 complimentary lounge access every quarter under the MasterCard lounge access program.
  • Priority Pass membership with 6 complimentary international lounge visits every calendar year.
  • Travel benefits worth Rs. 30,000 on expenditure of Rs. 8 lakh in the previous year.
  • Flat Rs. 500 off on movie ticket bookings on BookMyShow.
  • 24×7 concierge service for assistance regarding all kinds of bookings.
  • 4 complimentary rounds of green fees every year (not more than 1 round in a given month).
  • 12 complimentary golf lessons every year (max 1 per month).
  • 50% green fee waiver beyond the complimentary sessions.
  • 1% fuel surcharge waiver for transactions between Rs. 500 and Rs. 4,000 (max waiver capped at Rs. 250 per month).

Rewards and Benefits

Welcome Benefits

N/A

Movie & Dining

Flat Rs. 500 off on movie tickets on BookMyShow, Priority reservations, and personalized hospitality from the chef with an exclusive dining program.

Rewards Rate

5 Reward Points per Rs. 100 spent on domestic transactions, 10 Reward Points per Rs. 100 spent on international transactions.

Reward Redemption

Reward Points redeemable for e-vouchers, mobile recharges, flight bookings, etc. 1 RP = Re 0.25 (approx)

Travel

You get complimentary domestic as well as international lounge access.

Golf

4 complimentary rounds of green fees every year, 12 complimentary golf lessons every year.

Domestic Lounge Access

2 complimentary domestic lounge access per quarter under the MasterCard lounge program

International Lounge Access

6 complimentary international lounge access every year via Priority Pass

Insurance Benefits

N/A

Zero Liability Protection

Cardmember not liable for any unauthorized transaction post reporting the loss of card

Fees & Charges

Joining Fee

Nil

Renewal Fee

Nil

Spend based Waiver

N/A

Rewards Redemption Fee

Nil

Rewards Redemption Fee

Nil

Foreign Currency Markup

3.5% of the transaction amount

Interest Rates

Up to 3.99% per month

Fuel Surcharge

1% fuel surcharge waived for transactions between Rs. 500 and Rs. 4,000 (max cap Rs. 250 per month applicable)

Cash Advance Charge

2.5% of the transaction amount, subject to a minimum charge of Rs. 500

Add-on Card Fee

Nil

RBL Bank Insignia Preferred Banking World Card Rewards:

  • 5 Reward Points for every Rs. 100 spent on domestic transactions.
  • 10 Reward Points for every Rs. 100 spent on international transactions.

Reward Redemption:

You can redeem the reward points on the RBL Bank’s rewards catalog for-

  • flight tickets and hotel stays.
  • shopping gadgets and products.
  • mobile recharges.
  • e-vouchers and gifts.

For redemption against gift vouchers, you can refer to the following table that contains the number of reward points required to get some top branded vouchers:

Brand Name Voucher price No. of Reward Points required
Giorgio Armani Rs. 5,000 20,200
Bottega Veneta Rs. 10,000 40,200
Vero Moda Rs. 1,000 4,200
Paul Smith Rs. 10,000 Rs. 40,200

Milestone Benefits

On spending Rs. 8 lakhs, you get gift vouchers worth Rs. 8,000 from any of these brands: Amazon, Croma, MakeMyTrip, Titan, or Myntra.

Travel Benefits:

  • You get 2 complimentary domestic lounge access every quarter with the MasterCard lounge program.
  • You get 6 complimentary international lounge access with the complimentary Priority Pass membership. Any visits post the free access will be charged at USD 27 per person per visit.
  • Hotel stay benefits from some of the world’s leading hotel chains including Intercontinental Hotels Group, Club Mahindra, Spice Village, Eighth Bastion, etc.
  • You get many benefits including a complimentary night stay, a 50% discount on dining, and a guaranteed lowest price at over 800 hotels, 11,00 restaurants across 18 countries.

Movie and Dining Benefits:

  • A flat discount of Rs. 500 on movie ticket bookings on BookMyShow every month.
  • Dining program with priority reservation at partner restaurants across major cities in India.
  • 50% discount on dining with complimentary Accor Plus membership.

Golf Benefits:

  • You get 4 complimentary green fees rounds every year.
  • You get 12 complimentary golf lessons every year (1 per month).
  • 50% discount on golf sessions beyond the complimentary quota.

Fuel Surcharge Waiver:

1% fuel surcharge waived off at all fuel stations across India for transactions between Rs. 500 and Rs. 4,000 (maximum waiver capped at Rs. 250 per month).

Concierge Service:

You get a dedicated concierge help desk with this card. You may dial the Concierge helpline +91 22 6115 6300 for any assistance regarding hotel bookings, car rentals, gift delivery, dining referral, reservation assistance, etc.

How to apply:

To apply for this credit card, you need to contact your relationship manager by dialing the Insignia helpline number  +91 22 6115 6300. Alternatively, you may also drop a mail at [email protected].

Customer Care:

  • You get a dedicated helpline for all your preferred banking needs (including service assist, golf assist, and concierge service). All you need to do is contact your relationship manager at  +91 22 6115 6300.
  • For any queries regarding your credit card or to block your card, you may dial +91 22 6232 7777 or 1800 121 9050 from your registered mobile number.

Conclusion:

Considering the fairly high reward rate and some of the best in class premium benefits that this card offers including a 24×7 concierge service. complimentary domestic and international lounge access, and given the zero membership fee, this seems to be a really attractive offering by the RBL bank. If you’re an Insignia Preferred Banking member, there’s no reason to skip this card. What’s your opinion of this Insignia Preferred exclusive offering by RBL? Do let us know in the comments. And if you’re an existing cardmember, don’t forget to share your experience.

FAQs:

No, the Insignia Preferred Banking credit card is offered exclusively to the Insignia Preferred customers of the bank.

Yes, you get 6 complimentary international lounge access per year with the Priority Pass membership with this credit card.

The RBL Bank Insignia Preferred Banking World Card is complimentary for the Insignia Prefered members of the bank.

No, you do not get any insurance benefits with this credit card.

The fuel surcharge is waived off for fuel purchases at all fuel stations across India for transactions between Rs. 500 and Rs. 4,000

Comments

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

Add cards to start comparing

Compare Cards