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

 

[SSV]

* dark souls

Adjectives can be added to individual’s choice of preferences

 

[doraemon]

Adjectives can be added to individual’s choice of preferences

Bro I opened account on sat
Not yet got account number
So at the time I will get this card
This New condition will apply to me?
Still a good card?

 

[SSV]

Bro I opened account on sat
Not yet got account number
So at the time I will get this card
This New condition will apply to me?
Still a good card?

Did you apply for sig+ dc or just opened the account?

 

[ccdc]

Bro I opened account on sat
Not yet got account number
So at the time I will get this card
This New condition will apply to me?
Still a good card?

yes...if your card is issued on or after April 1...which it seems even if you apply today....i dont think they'll issue today itself...they'll issue tomorrow....still you can try your luck...

 

[doraemon]

Did you apply for sig+ dc or just opened the account?

Opened the account only for this card.
Otherwise no use of his account

Have not yet got card as account is under progress

 

[VISHESH_BANSAL]

Wording is this:

Joining Vouchers worth INR 5,000​

Be pampered, with INR 5,000 worth attractive gift vouchers on leading brands..



For all cards issued on or after April 01, 2024 - Amazon brand voucher will be capped to maximum 50% of Joining Vouchers amount provided to the customer

My interpretation:


Total vouchers given : 5,000 ( no change)
We can use up to : 2,500 via AGV ( change)

Means , there will be a pool to choose from for our 5000 value GVs
Until now they are giving 5,000 AGV straight away..

Now they will change it to 2.5k agv
And 2.5k others

As far as I know this others is unknown for me..
If anyone knows, please update us..
Thanks

As per Language , It means the Same.

Only Redemption Capping is introduced w.r.t AGV, Points Value is still 1:1.

 

[ccdc]

Opened the account only for this card.
Otherwise no use of his account

Have not yet got card as account is under progress

as account is still under progress....they dont have any account to debit the charges to...so i believe even if you apply today...you'll get 2.5k AGV as joining benefit.

 

[SSV]

Opened the account only for this card.
Otherwise no use of his account

Have not yet got card as account is under progress

So, new rules apply to you..
Just wait for sometime..
It’s not really bad as it sounds..
We need to find out what else are the options for the rest of 2.5k

Total 5,000 GV s are still in tact..
It’s not that bigger deal of devaluation…
Don’t go by emotions…
I suspect it would be a minor devaluation..
It all depends upon the options we get for the rest of 2.5k

Just chill and continue your account opening process

 

[doraemon]

Keep us updated with other vouchers apart from agv

I was thinking of selling 5k voucher at 2.6% on dd for instant cash😔

 

[ccdc]

So, new rules apply to you..
Just wait for sometime..
It’s not really bad as it sounds..
We need to find out what else are the options for the rest of 2.5k

Total 5,000 GV s are still in tact..
It’s not that bigger deal of devaluation…
Don’t go by emotions…
I suspect it would be a minor devaluation..
It all depends upon the options we get for the rest of 2.5k

Just chill and continue your account opening process

if someone who already has an account and this particular card can just login to see what all voucher options are available...i think only AGV is devalued whatever other options are there would still be available at 1:1...but cant say anything as i dont have this card...

 

[kushhh]

He was talking about it few hours ago 🥴

 

[SSV]

As per Language , It means the Same.

Only Redemption Capping is introduced w.r.t AGV, Points Value is still 1:1.

The only puzzle here is what do we get for the rest of 2.5k..
If there are decent options like fk, Swiggy, Zomato, Myntra etc.. it won’t be a deal breaker..
Max we may lose about 15%of 2.5k = ₹375…
which is not bad at all..
We have to expect these kind of devaluations going forward

 

[Abhishek012]

@Abhishek012 aur karle promotion heh

Abhi abhi twitter pe tweet kar k aa raha hu 🤣 🤣

 

[ccdc]

Abhi abhi twitter pe tweet kar k aa raha hu 🤣 🤣

are you the same abhishek chaterjee as shown in above pic?

 

[Vasuki]

@its_karan seems plan change
Aura aura sahi keh Raha tha

Opened the account only for this card.
Otherwise no use of his account

Have not yet got card as account is under progress

Glad I made into indusind bank branch before rbl 🤣

 

[Vasuki]

Abhi abhi twitter pe tweet kar k aa raha hu 🤣 🤣

Aura aura aise he nhi keh rha tha 🌚 ki devaluation karwa doge 😅

 

[doraemon]

I hope it's the end of devaluation for this card

Going with opening process
Ye jyada marketing ka hi issue hai

 

[Abhishek012]

are you the same abhishek chaterjee as shown in above pic?

No . . 🤣 🤣

 

[SSV]

if someone who already has an account and this particular card can just login to see what all voucher options are available...i think only AGV is devalued whatever other options are there would still be available at 1:1...but cant say anything as i dont have this card...

The only puzzle here is what do we get for the rest of 2.5k..
If there are decent options like fk, Swiggy, Zomato, Myntra etc.. it won’t be a deal breaker..
Max we may lose about 15%of 2.5k = ₹375…
which is not bad at all..
We have to expect these kind of devaluations going forward

So, new rules apply to you..
Just wait for sometime..
It’s not really bad as it sounds..
We need to find out what else are the options for the rest of 2.5k

Total 5,000 GV s are still in tact..
It’s not that bigger deal of devaluation…
Don’t go by emotions…
I suspect it would be a minor devaluation..
It all depends upon the options we get for the rest of 2.5k

Just chill and continue your account opening process

Sorry my bad, we have options…
and these options are ..




So chill guys…
Nothing big happened

Instead of 5k agv
Now we can have
2.5k agv
2.5k FK

 

[VISHESH_BANSAL]

The only puzzle here is what do we get for the rest of 2.5k..
If there are decent options like fk, Swiggy, Zomato, Myntra etc.. it won’t be a deal breaker..
Max we may lose about 15%of 2.5k = ₹375…
which is not bad at all..
We have to expect these kind of devaluations going forward

RBL REDEMPTION PORTAL have a long list of Brand GVs for REDEMPTION.

For Rest 2500 Next Best option is Petrol GV/ Flipkart GV.

All other Brands already available at Discounted Price via various channels