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

 

[Vasuki]

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

Going with opening process
Ye jyada marketing ka hi issue hai

No
Firstly they devalued international atm withdrawal/ transaction
Now this

Next would be capping on overall CB or what not

 

[kushhh]

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

Have not yet got card as account is under progress

Credit goes to one and only @Abhishek012 🤪🤣
/s

 

[doraemon]

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

Bhaiya Hume bhi prasad lelene do
Kyu thali baat rahe ho
Pehle se hi housefull h

 

[SSV]

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

Going with opening process
Ye jyada marketing ka hi issue hai

Look at my previous post above, nothing happened..
You can continue your account opening process

In effect,
Instead 5k agv , we get now 2.5k agv + 2.5K fk, Croma or z5

 

[SSV]

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

Yes, I missed this.. just now found out…
I always go to agv and redeem.. never looked around..
My bad

 

[ccdc]

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

View attachment 48098


So chill guys…
Nothing big happened

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

could you pls tell what other options do we have apart from above 4....???

 

[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?

did you open account digitally from mobile or went to physical branch? also which account type did you open? and how much amb ?

 

[doraemon]

did you open account digitally from mobile or went to physical branch?

Branch is far so opened online

The time they are taking for account opening is deal breaker

I opened almost every of my account online and it was activated in Max one day

 

[SSV]

could you pls tell what other options do we have apart from above 4....???

there are about 150 GV options available.. almost eveything you find under the SUN in India
just ask what you are intersted in ??

 

[doraemon]

So in short
I will get 2.5k agv+2.5k fk+1k agv in May
And 1k agv from June onwards
And 1k agv+5k agv (milestone)
On 13th month


Yhai na?

 

[pinki]

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...

View attachment Screenshot_2024-03-31-11-33-06-73.jpgView attachment Screenshot_2024-03-31-11-34-09-11.jpgView attachment Screenshot_2024-03-31-11-35-02-03.jpg

 

[doraemon]

View attachment 48101View attachment 48102View attachment 48103View attachment 48104

Sare bekar hai ye

 

[SSV]

could you pls tell what other options do we have apart from above 4....???

to name a few:

 

[pinki]

View attachment 48101View attachment 48102View attachment 48103View attachment 48104

All brands available
Very loooooong list.

 

[raghav_mri]

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

I got my Signature+ card few days ago, yet to receive the welcome benefits, Will I be affected? Also on what apps the card earns 1% cashback?

 

[pinki]

Sare bekar hai ye

No, various good options are there.
Bpcl, hp, reliance, fk, amzn shopping gv, titan, bms, zom/swiggy

 

[SSV]

Sare bekar hai ye

all the good ones are also there along with the bekar ones..
check my previous post

 

[ccdc]

ok ...thank you

 

[SSV]

I got my Signature+ card few days ago, yet to receive the welcome benefits, Will I be affected?

grey area .. my guess you wont..
but nothing to worry about, you have plenty of other options. check previous posts..

 

[ccdc]

Branch is far so opened online

The time they are taking for account opening is deal breaker

I opened almost every of my account online and it was activated in Max one day

which account type did you open? and how much amb ?