RBL Insignia Preferred Credit Card

About RBL Insignia Preferred Credit Card

Are you still paying full price for your premium lifestyle and weekend entertainment? The RBL Insignia Preferred Credit Card is designed to change that by turning your routine expenses into high value rewards.

This card offers an impressive value proposition for those who enjoy luxury dining and frequent travel. With a reward structure that doubles for international spends and a movie benefit worth up to ₹1,000 every month, you can easily offset the annual fee through regular usage. It is a solid choice for professionals earning at least ₹25,000 monthly who want a premium experience without an impossible entry barrier.

Built for frequent flyers and movie enthusiasts, this card provides a simple way to access airport lounges and discount vouchers. Unlike many mid-tier cards that offer restricted rewards, the RBL Insignia Preferred focuses on high-impact categories like international shopping and premium dining.

What makes this card stand out:

• High Rewards for Global Spends: Earn 10 Reward Points for every ₹100 spent internationally, which is double the domestic rate.
• Movie Buff's Delight: Get up to ₹1,000 off on movie tickets every month through BookMyShow, a benefit rarely seen in this segment.
• Complimentary Luxury: Access both domestic and international airport lounges, ensuring your travel is always comfortable.

Quick check: To get this card, you should be between 21-60 years old with a minimum monthly income of ₹25,000 and a credit score of 720 or higher.

Let's break down why this card deserves a spot in your wallet:

Key Benefits and Features of RBL Insignia Preferred Credit Card

The RBL Insignia Preferred Credit Card is packed with features that cater to travel, dining, and entertainment. Here is a detailed look at how you can maximize these benefits.

Welcome Rewards and Milestone Vouchers

When you start using the card, the bank greets you with a substantial welcome package. By paying the annual fee and using your card within the first 30 days, you get 28,000 bonus reward points. Since 1 Reward Point equals ₹0.25, this bonus is worth ₹7,000, which effectively covers your first year's annual fee. These points are credited within 60 days of the card being issued.

For those who use their card heavily, there is a milestone benefit. You can get an ₹8,000 voucher when you hit specific spending targets. You have the flexibility to choose vouchers from top brands like Amazon, Myntra, Croma, MakeMyTrip, or Taj Experiences. This adds an extra layer of value to your annual spends.

Travel and Lounge Access

If you travel often, the lounge benefits on this card are quite generous. You get 2 complimentary visits to domestic lounges in India every calendar quarter. For international travel, the card provides 6 complimentary lounge visits per calendar year outside India via the Priority Pass program.

The card also rewards high spenders with additional perks. If your monthly spends exceed ₹1,00,000, you can get extra international lounge visits. A unique feature here is that these visits can be shared with guests, making it perfect for family vacations.

Rewards Program and Redemption

The reward structure is straightforward and rewards you for every retail spend:

• Domestic Spends: 5 Reward Points for every ₹100 spent.
• International Spends: 10 Reward Points for every ₹100 spent.

With a conversion rate of ₹0.25 per point, you effectively get a 1.25% value back on domestic spends and a 2.5% value back on international spends. You can redeem these points at the RBL rewards portal for gift vouchers, travel bookings, or lifestyle products from partner brands.

Entertainment and Dining

For movie lovers, this card is a powerhouse. You get a flat ₹500 discount on movie tickets at BookMyShow twice every month. This means you can save up to ₹1,000 monthly, totaling ₹12,000 in savings every year just on movies. On the dining front, you get exclusive privileges and discounts at premium restaurants across the country, powered by EazyDiner Prime.

Fees, Waivers, and Eligibility

Understanding the cost of the card is vital to ensure you are getting a good deal. The annual fee is ₹7,000, but there is no joining fee. If you spend ₹10,00,000 or more in a membership year, the bank will waive the annual fee for the following year.

To qualify for this card, you need to meet the following criteria:

• Age: 21 to 60 years for both salaried and self-employed individuals.
• Income: A minimum annual income of ₹3 Lakhs (equivalent to ₹25,000 per month).
• Credit Score: A CRIF or CIBIL score of 720 or above is required.

Fuel Surcharge Waiver

While this card is not primarily a fuel card, it does help you save at the pump. You get a 1% fuel surcharge waiver on all fuel transactions between ₹500 and ₹4,000. This is a standard benefit that helps avoid the extra cost usually associated with credit card fuel purchases.

How to Apply for RBL Insignia Preferred Credit Card

The application process for the RBL Insignia Preferred Credit Card is simple and can be completed online. Follow these steps to start your application:

1. Go to the official RBL Bank website or a trusted partner platform.
2. Navigate to the credit cards section and locate the Insignia Preferred card.
3. Ensure you meet the basic eligibility criteria, such as a minimum monthly income of ₹25,000 and a credit score of 720+.
4. Fill out the digital application form with your personal, employment, and contact details.
5. Upload the necessary digital copies of your identity, address, and income proof.
6. Submit the application. A bank representative may call you for further verification or to schedule a document pickup if needed.
7. Track your application status using the reference number provided by the bank. Applications are processed within 7 to 10 working days.

Credit Limit: What to Expect

The credit limit for the RBL Insignia Preferred Credit Card is not fixed and varies from one applicant to another. The bank determines your limit based on several factors, including your monthly income, current debt-to-income ratio, and your credit history. Since the minimum income requirement is ₹25,000 per month, the starting limit may be modest, but it can increase over time with disciplined usage and timely bill payments. Credit limits are assigned based on your income, credit score, and banking relationship. Expect a credit limit ranging from ₹50,000 to ₹5,00,000 based on your income and credit profile.

Comparison Table: RBL Insignia Preferred vs. Competitors

To understand if this card is the right fit for you, it is helpful to see how it stacks up against other premium and mid-tier cards in the market.

The RBL Insignia Preferred card carries a higher annual fee than many of its competitors, but it justifies this with a movie benefit that is significantly better than what you will find on the HDFC Regalia Gold or IDFC First Select. If you watch two movies a month, you are saving ₹12,000 a year, which already puts you ahead of the ₹7,000 fee. However, if your spending is mostly domestic and you don't care for movies, a card like Regalia Gold might offer better value at a lower cost.

Documents Required for RBL Insignia Preferred Credit Card Application

You will need to submit the following documents when applying for this card:

For Salaried Applicants

• Identity Proof: PAN Card (mandatory), Aadhaar Card, Passport, Voter ID, or Driving License
• Address Proof: Aadhaar Card, Passport, Utility Bills (not older than 2 months), Rent Agreement, or Property Tax Receipt
• Income Proof: Latest 3 months salary slips and 6 months bank statements
• Employment Proof: Office ID card or employment letter

For Self-Employed Applicants

• Identity Proof: PAN Card (mandatory), Aadhaar Card, Passport, Voter ID, or Driving License
• Address Proof: Aadhaar Card, Passport, Utility Bills (not older than 2 months), or Property Documents
• Income Proof: Latest 2 years ITR with computation of income, 6 months bank statements, and CA-certified financials
• Business Proof: Business registration certificate, GST registration (if applicable), or Shop Act License

Note: All documents must be self-attested. The bank may request additional documents during verification.

Who Should Get This Card?

Should you get this card? Here is who benefits the most from the RBL Insignia Preferred:

The Weekend Movie Buff: If you are someone who visits the cinema twice a month with a partner, the ₹500 discount twice a month is a game changer. You could save ₹12,000 annually, which more than pays for the card's annual fee. This makes the movie benefit one of the strongest reasons to pick this card over its rivals.

The International Business Traveler: If you travel abroad for work or leisure and spend around ₹50,000 on international retail monthly, you get a 2.5% reward rate. Coupled with the 6 complimentary international lounge visits and the ability to share lounge access with guests if you spend over ₹1,00,000 monthly, this card offers a very comfortable travel experience.

The Premium Diner: If you frequently dine out at upscale restaurants, the EazyDiner Prime membership included with this card will save you significant amounts on every bill through exclusive discounts and deals.

You might want to skip this card if:

• You rarely watch movies in theaters or prefer OTT platforms, as the biggest value driver would be lost.
• Your annual spends are below ₹10 Lakhs and you are strictly looking for a card where you can easily get a fee waiver.
• You want a card specifically for fuel or grocery savings, as there are better specialized cards for those categories.

BankKaro Expert Review

Based on the card's features, the RBL Insignia Preferred excels at being a lifestyle and entertainment companion. The welcome benefit of 28,000 points is a smart move by RBL Bank because it immediately offsets the ₹7,000 annual fee, making the first year effectively free for the user. This takes the pressure off "earning back" the fee in the first twelve months.

The biggest limitation is the steep fee waiver requirement. Spending ₹10 Lakhs a year to get the ₹7,000 fee waived is a high bar, especially when compared to competitors like HDFC Regalia Gold which has a much lower waiver threshold. However, the high reward rate on international transactions and the guest-friendly lounge access policy are standout features that many premium cards lack.

Our verdict: Choose this card if you are an entertainment seeker and a frequent traveler who can take advantage of the BookMyShow and lounge perks. If you use these two features regularly, the card is exceptionally rewarding. If you don't, the ₹7,000 annual fee might feel like a heavy price to pay for a 1.25% domestic reward rate.

Terms and Conditions

Please keep the following terms in mind before applying for the RBL Insignia Preferred Credit Card:

• The bank may offer a different card variant based on your eligibility. Please carefully read the features of the card offered before submitting your application.
• A minimum transaction of Rs.100 within 30 days is required to activate the card, otherwise, you won’t be eligible for the Rewards.
• Points for the welcome benefit are credited within 60 days of card issuance provided the fee is paid and the spend criteria are met.
• Review the complete terms and conditions on the bank's official website for full details.