RBL Bank Insignia Preferred Banking World Card Review

General Information

Rewards and Benefits

Fees and Charges

Summary

For every Rs. 100 spent on domestic transactions, you will receive 5 Reward Points. On international transactions, you will receive 10 Reward Points for every Rs. 100 spent. Additionally, under the MasterCard lounge access program, you will receive 2 complimentary lounge access passes every quarter. You will also have a Priority Pass membership which includes 6 complimentary international lounge visits every calendar year. On top of that, if you spend Rs. 8 lakh in the previous year, you will receive travel benefits worth Rs. 30,000. When booking movie tickets on BookMyShow, you can enjoy a flat Rs. 500 discount. You will have access to a 24x7 concierge service to assist you with various bookings. For golf enthusiasts, you will receive 4 complimentary rounds of green fees per year, with a maximum of 1 round per month. Additionally, you will have the opportunity to receive 12 complimentary golf lessons per year, with a maximum of 1 lesson per month. Any additional green fees beyond the complimentary sessions will receive a 50% waiver. Finally, for fuel transactions between Rs. 500 and Rs. 4,000, you will receive a 1% fuel surcharge waiver, with a maximum waiver of Rs. 250 per month.

I recently had the opportunity to review the RBL Bank Insignia Preferred Banking World Card, and I must say, it offers some fantastic benefits.

With no joining fee and no renewal fee, it is quite an attractive proposition.

This card is best suited for individuals who enjoy movies and travel.

With its reward type being Reward Points, cardholders can earn points on their spends and redeem them for exciting rewards.

Unfortunately, there is no specific welcome benefit associated with this card.

For movie enthusiasts, the Insignia Preferred Banking World Card offers a flat Rs. 500 discount on movie tickets booked through BookMyShow.

Additionally, cardholders can enjoy priority reservations and personalized hospitality from the chef through an exclusive dining program.

When it comes to shopping, this card proves to be rewarding.

Cardholders can earn 5 Reward Points for every Rs. 100 spent on domestic transactions and 10 Reward Points for every Rs. 100 spent on international transactions.

For those who love to travel, the Insignia Preferred Banking World Card provides a host of benefits.

Cardholders can enjoy complimentary access to both domestic and international lounges.

Under the MasterCard lounge program, 2 complimentary domestic lounge visits per quarter are available.

Furthermore, through the Priority Pass program, cardholders can enjoy 6 complimentary international lounge visits every year.

Golf enthusiasts will also appreciate the perks offered by this card.

Cardholders can enjoy 4 complimentary rounds of green fees every year and 12 complimentary golf lessons.

Unfortunately, there aren't any specific insurance benefits associated with this card.

Additionally, the card does not offer a spend-based waiver.

One of the standout features of this card is the absence of a rewards redemption fee.

Cardholders can redeem their accumulated Reward Points without any additional costs.

It's important to note that the RBL Bank Insignia Preferred Banking World Card has a foreign currency markup of 3.5% on all transactions.

The interest rate for outstanding balances can go up to 3.99% per month.

On the positive side, the card waives the 1% fuel surcharge for transactions between Rs. 500 and Rs. 4,000, up to a maximum cap of Rs. 250 per month.

However, cash advances on this card will incur a charge of 2.5% of the transaction amount, with a minimum charge of Rs. 500.

Overall, the RBL Bank Insignia Preferred Banking World Card offers a range of benefits for movie lovers, travelers, shoppers, and golf enthusiasts.

While it lacks certain insurance benefits, the card's rewards program, lounge access, and dining privileges make it a compelling choice.