RBL Signature Plus Debit Card devalued

[ccdc]

Revision of RBL Bank Signature+ Debit Card Terms and Conditions:

As part of our constant endeavor to provide you with the best experience, we would like to highlight the following
benefits on your RBL Bank Signature+ Debit Card:

• Zero mark up on all your international spends carried out through POS/Online payments.
• Two (2) complimentary lounge access every quarter at select domestic airports.
• 1% monthly cashback as vouchers (up to INR 1,000) on minimum monthly spends of INR 10,000 on POS/Online
Payments.
• Annual Vouchers of INR 5,000 on spends of INR 5 lakhs on POS/Online Payments.
• Insurance cover up to INR 2 Crores
• Waiver on Annual fee pertaining to the subsequent year on carrying out minimum spends of INR 3 Lakhs on
POS/Online payments in the previous year.

While you continue to make the most of your RBL Bank Signature+ Debit Card, we would like to update you with
respect to the updated calculations for spends threshold and transactions that will be excluded for availing Monthly
Voucher/Annual Voucher/waiver of annual fee, effective 01st May 2024:

1. International transactions and/or transactions carried out on the Merchant Category Codes (MCC) listed below
will be excluded from availing Monthly and Annual vouchers and will also not be considered for availing the
benefits of the waiver of Annual Fee.

Merchant Category Codes & (MCC) Description:
6012 Financial Institutions – Merchandise, Services, and Debt Repayment
6051 Non-Financial Institutions – Foreign Currency, effective through 19 January 2024, Non-Fiat Currency and effective from 20 January 2024 Liquid and Cryptocurrency Assets (for example: Cryptocurrency), Money Orders (Not Money Transfer), Account Funding (not Stored Value Load), Travelers Cheques, and Debt Repayment
6540 Non-Financial Institutions – Stored Value Card Purchase/Load
6211 Security Brokers/Dealers

2. The minimum spends threshold for being eligible for Monthly vouchers with effect from 01st May 2024 will be INR
25,000 for current account customers.

Disclaimer: The transactions for each category are identified through Merchant Category Codes (MCC), defined by the
card network such as Visa, MasterCard and RuPay. RBL Bank does not define the merchant category.

from April 1 amazon vouchers are only 50% of joining rewards given so only 2.5k i/o 5k.....other vouchers would be still 5k

 

[samm255]

Tbf its better for the financial health of the banks and the future of the nation. A lot of Western banks have had to resort to middle eastern buyers or straight up default coz they were overleveraged.

 

[samm255]

Ab jitne bhi RBL bank ke thread secret group me move kiye the unko public kar do @Admin 😆

 

[bigbyte]

Cc is high profit.
U should look at sbi cards profit..
As sbi card only deals with cc
It's a good measure to scale how good business cc is
We are 0.1% enjoying cc ..
90% just keep on paying

Aur inhe ye 0.1% bhi bardasht nahin hota.

 

[Vasuki]

Aur inhe ye 0.1% bhi bardasht nahin hota.

😅 Kya kre chull h inko bas

 

[Baki]

cashback Government transaction pr milega ky abhi bhi?

 

[dealminer]

cashback Government transaction pr milega ky abhi bhi?

Baki break ke baad 😂

 

[Baki]

Baki break ke baad 😂

FY end mein busy tha bhai log, Ab devaluation ki party enjoy krne agya 😅😂

 

[dealminer]

FY end mein busy tha bhai log, Ab devaluation ki party enjoy krne agya 😅😂

Harr bank ne chunaa lga dia idhr

 

[Vasuki]

Harr bank ne chunaa lga dia idhr

Go back to old profile picture

 

[dealminer]

Go back to old profile picture

Following the trend bro 😆

 

[Sanskar]

What All Included in it

 

[Baki]

Harr bank ne chunaa lga dia idhr

All thanks to our this community 🤣

 

[dealminer]

All thanks to our this community 🤣

Just two weeks ago 1L fd for aspire and sig+ DC.
Now just picking up the scraps 😂

 

[Baki]

Just two weeks ago 1L fd for aspire and sig+ DC.
Now just picking up the scraps 😂

We all had our share 🙂 We all knew this was gonna happen today or tomorrow.

Just enjoy the process, get rid of all the non LTF cards or non profitable cards now . Simple. But remember enjoy the process brdr.

 

[samm255]

Yeh kya ho raha hai? Why are you guys quoting such message? This thread will turn into religious/pollical war if this continues.

 

[Predator]

@vaibhav111 pls look after this
@Subhankar

Chill Bro.. It's a regular quote used very frequently... Why is everyone overreacting to it?

Apni settings me ja kar thodi tolerance badhao...

 

[Predator]

Thode Thode me hi darne lag jate ho yaar tum...

Why are you guys becoming so cowardly and docile, that even a simple reference to Something very very common scares you so much?

 

[CardSeeker]

Ab @Abhishek012 ye kaise bolenge😭:-

RBL Signature+ Debit Card, this is the best debit card ever ever ever ever, You will get 2% cashback on Credit card bill pay or Wallet load and free transfer to bank.​

You will also get 2 Complementary Lounge Access per quarter at Domestic Airports.

Benefit -

Use RBL Signature+ debit card. Best debit card ever and get approx 2% Cashback on Wallet load and Credit card bill repayment too.
Return Ratio: If you max. out the spends, i.e. 1L per month X 12= 12L in a year, you receive:

1. 1000 GV per month X 12 = 12K points
2. 5000 GV per year X 1 = 5K points

Total= 17K on an effective joining fee of (5900-5000)= 900 INR. Renewal fee anyway will be Zero from next year upon spending 3L+ in previous year.

• Return Percentage for 1st year= (17K-900)/12L ~ 1.34%
• Return percentage next year onwards= 17K/12L ~ 1.41%

Best Value: If your spends aren’t that high, hitting 5L in a year is the sweet spot.

In 1st year You get 5K Monthly + 5K Annual benefit = (10K-900)/5L ~ 1.82%

And next year onwards you get (5K + 5K)/5L ~ 2%

If you spend more than 12L in a year, return value goes downwards. As you can see, this card holds good till annual spends of 12L max only (preferably 1L per month spend with minimum 10K in a month to earn cashbacks as GV)

GVs available: Wide range of GVs with multiple price points are available for redemption against both Welcome/ Monthly benefits. Notable ones are Amazon, Flipkart, Croma, Bigbasket etc.

If you want to know where you spend RBL Signature+ debit card -

Paytm app - direct use debit card for cc bill payment

Bajaj app - cc bill payment

Phonepe full kyc wallet - free Wallet load and free transfer to bank

CheQ app - cc bill payment (Pay Rs50,001+ or 90,001+ and get debit card option)

Payzapp app - direct use debit card for cc bill payment

Park+ app - daily 15k/30k cc bill payment limit

Cred app - cc bill payment (pay more than Rs50,001+ or selected user 10,001+ and get debit card option)

Amazon full kyc wallet - load and spend anywhere via Amazon wallet UPI for bank transfer/cc bill payment or merchant transaction via UPI.

Slice wallet - load and spend anywhere via Slice wallet UPI for bank transfer/cc bill payment or merchant transaction via UPI (now monthly only 10k load is free).

If He Said Like This People Will Mock Him 😅

 

[CardSeeker]

unfortuantately yes..
but there will be still some loopholes to play with.. but those loopholes will be extensively and viciously advertised by some souls to make sure this card will be trashed to the bin within next 6 to 12 months, all in the name of promoting it by saying best card ever ever ever .... that is the basic purpose of this promotion ...
all the best

Pure Sadism Ofcourse Pyschoism Too

By The Way Banks Don't Care Abt These People

These People Are Self Proclaiming As They Are Closing All The Loops

Narrow Minded People

 

[dealminer]

Apni settings me ja kar thodi tolerance badhao...

I ignored it at the first place.

Just trying to avoid the conflict as many were quoting the post and seemed unhappy about it.

Tum toh aa kar netagiri krne lge bhai 😂