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:
- 1000 GV per month X 12 = 12K points
- 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).
