RBL Bank Icon Credit Card

Name: RBL Bank Icon Credit Card
Brand: RBL Bank
Price: 5000 INR
Availability: InStock
Rating: 3.5 (1 reviews)

Overview

The RBL Bank Icon Credit Card positions itself as a mid-premium Mastercard with a fixed ₹5,000 plus GST annual fee. Unlike many cards at this price, there is no spending threshold to get the fee waived, so you pay it every year regardless of usage.Rewards are the card's strongest suit. The base rate of 2 points per ₹100 is standard, but international transactions and weekend dining earn 10x at 20 points per ₹100. Each category caps at 2,000 points per month, meaning you max out the bonus at ₹10,000 spending per category. The 20,000-point welcome benefit kicks in once you make any transaction within 30 days and pay the annual fee by its due date.Milestone benefits are tiered: 10,000 points at ₹3 lakh annual spend, an additional 15,000 at ₹5 lakh, and another 20,000 at ₹8 lakh, totalling up to 45,000 bonus points per year. Combined with base earnings, heavy spenders can accumulate meaningful rewards. Note that RBL charges a ₹99 plus GST redemption fee each time you redeem points, which chips away at the value.Travel perks include 2 domestic airport lounge visits per quarter (conditional on ₹35,000 spend in the previous quarter) and access to 1,400+ international lounges at $35 per visit. Golf benefits with complimentary rounds and free lessons at select courses add lifestyle value that many competitor cards at this price point lack. The buy-one-get-one BookMyShow offer saves up to ₹200 per booking, twice monthly, and a 1% fuel surcharge waiver at all stations caps at ₹200 per month.

Pros

↑10x reward points (20 per ₹100) on international purchases and weekend dining gives strong returns in two high-frequency categories, rare at the ₹5,000 fee level
↑Milestone rewards up to 45,000 points (10K + 15K + 20K at three tiers) reward sustained spending generously, especially for annual spenders crossing ₹5 lakh
↑Golf benefits with complimentary rounds, free lessons, and dedicated concierge are typically found only on super-premium cards charging ₹10,000 or more
↑Buy-one-get-one BookMyShow offer twice monthly saves regular movie-goers up to ₹4,800 per year, partially offsetting the annual fee
↑20,000 welcome reward points credited within 60 days of card issuance, requiring just one swipe and fee payment to activate

Cons

↓₹5,000 annual fee with no waiver option means you pay the full amount every year regardless of spending, unlike most competitor cards that waive fees at certain thresholds
↓Reward redemption fee of ₹99 plus GST per redemption day eats into point value, a cost that most competitor cards do not charge
↓Domestic lounge access requires ₹35,000 quarterly spend to unlock, and gives only 2 visits per quarter, while several competitor cards at this fee level provide unconditional access
↓Weekend dining and international purchase bonuses cap at 2,000 points per month each (₹10,000 spending), limiting the benefit for heavier spenders in these categories

Key Highlights

Welcome Offer
20,000 welcome reward points
20,000 bonus points on first swipe within 30 days
Must pay annual fee by due date
Points credited within 60 days of card issuance
No minimum transaction amount required

Reward Rate
10x points on intl & weekend dining
20 points per ₹100 on international purchases
20 points per ₹100 on weekend dining
Cap: 2,000 points/month per category
Base rate: 2 points per ₹100 on all other retail

Minimum Salary
₹5 lakh/year (salaried, estimated)
Salaried: approximately ₹5 lakh/year
Self-employed: approximately ₹5 lakh/year
Age: 21 to 65 years
Indian citizen

Joining Fee
₹5,000 + GST
Annual membership fee: ₹5,000
Plus 18% GST (₹900)
Total: ₹5,900
Same fee applies each year

Annual Fee
₹5,000 + GST (no waiver)
Annual fee: ₹5,000 + GST
No spend-based waiver available
Fee charged every year regardless of usage

Why Choose?
Golf, lounges, and 10x dining rewards
Golf: complimentary rounds and free lessons
2 domestic lounge visits/quarter (requires ₹35K spend)
1,400+ international lounges at $35/visit
BookMyShow Buy 1 Get 1 twice monthly
24x7 concierge services
1% fuel surcharge waiver (max ₹200/month)

Key Benefits

Dining

★3.5

▼

10x reward points (20 per ₹100) on weekend dining
Capped at 2,000 points per month
Buy 1 Get 1 movie ticket at BookMyShow (up to ₹200)
Movie offer available twice per month
Dining reservation assistance via concierge

Fuel

★3.0

▼

1% fuel surcharge waiver at all fuel stations
Valid for transactions between ₹500 and ₹4,000
Maximum waiver of ₹200 per month
Benefit reflected in monthly credit card statement

Lifestyle

★3.5

▼

Golf course access at select courses across India
Complimentary golf rounds and free golf lessons
Golf concierge for booking (Mastercard holders)
Access to global events: F1, awards nights, sports events
Spa, fitness, and sports centre referral assistance

Milestone

★4.0

▼

10,000 points on ₹3 lakh annual spend
Additional 15,000 points on ₹5 lakh annual spend
Additional 20,000 points on ₹8 lakh annual spend
Maximum 45,000 milestone points per year
Points credited within 45 days of crossing each threshold

Reward Points

★3.5

▼

Base: 2 points per ₹100 on retail purchases
International: 20 points per ₹100 (10x base rate)
Weekend dining: 20 points per ₹100 (10x base rate)
Bonus categories capped at 2,000 points/month each
Redeem at www.rblrewards.com for travel, shopping, vouchers
Redemption fee: ₹99 + GST per redemption day

Merchant Offers

▼

BookMyShow Buy 1 Get 1 (select RBL Bank offer at checkout)
Redeem points for air travel, hotel stays, and shopping vouchers at rblrewards.com

Travel

★3.0

▼

2 domestic airport lounge visits per quarter (requires ₹35,000 spend in prior quarter)
1,400+ international lounges at $35 per visit using primary card
24x7 concierge for hotel and travel reservations
Car rental and limousine referral assistance

Airport Lounge Access

▼

2 complimentary domestic visits per quarter
Requires ₹35,000 spend in the previous calendar quarter
Primary cardholder only
Select categories excluded from eligible spend
International: 1,400+ lounges at $35/visit via primary card

Liability Protection

▼

Zero liability on unauthorized transactions reported within 7 days
Card can be switched on/off at any time for added security

Emi

▼

EMI conversion available on purchases above ₹2,500
Multiple tenure options
Can be initiated via RBL MyCard app or net banking

Detailed Information

Joining Fee	₹5,000 + GST
Annual Fee	₹5,000 + GST
Annual Fee Waiver	No waiver available
Monthly Percentage Rate	3.49%
Annual Percentage Rate	41.88%
Minimum Monthly Payment	5% of outstanding or ₹200, whichever is higher
Foreign Currency Markup	3.5%
Late Payment Charges	₹100 to ₹1,300 based on outstanding
Overlimit Charges	2.5% of overlimit amount
Cash Advance Fee	2.5% of amount (min ₹500)
Balance Transfer Fee	2% of transferred amount (min ₹250)
Fee For Supplementary Card	No fee
Card Replacement Fee	₹200
Fee For Duplicate Statement	₹50 per statement
Fee For Cheque Bounce	₹500

Age Requirement Salaried	21-65 years
Age Requirement Self Employed	21-65 years
Minimum Annual Income Salaried	₹5 lakh
Minimum Annual Income Self Employed	₹5 lakh/year
Minimum Credit Score	750+

Identity Proof	PAN Card (mandatory) Aadhaar Card Passport Voter ID
Address Proof	Aadhaar Card Passport Utility Bill (recent) Bank Statement
Income Proof Salaried	Latest 3 months salary slips Latest 3 months bank statement Form 16 or ITR
Income Proof Self Employed	Latest 2 years ITR Latest 6 months bank statement Business proof documents

Frequently Asked Questions

The annual membership fee is ₹5,000 plus 18% GST, totalling ₹5,900. This fee applies every year with no spend-based waiver available. The same amount applies as both the joining fee and annual renewal fee.

You get 20,000 bonus reward points as a welcome benefit. To activate it, swipe your card at least once within 30 days of issuance and pay the annual membership fee by the payment due date. The points are credited to your account within 60 days of card issuance.

Regular purchases earn 2 reward points per ₹100 spent. International purchases and weekend dining earn 20 reward points per ₹100, which is 10x the base rate. The bonus categories are capped at 2,000 points per month each for international purchases and weekend dining.

Milestone benefits are earned at three spending tiers per year. You get 10,000 points when annual spending reaches ₹3 lakh, an additional 15,000 points at ₹5 lakh, and another 20,000 points at ₹8 lakh. The maximum milestone reward per year is 45,000 points. These points are credited within 45 days of crossing each milestone.

Primary cardholders get 2 complimentary domestic airport lounge visits per quarter, provided they spend ₹35,000 or more in the previous calendar quarter. This gives a maximum of 8 domestic lounge visits per year if you meet the spend threshold every quarter. The benefit is for the primary cardholder only. Purchases in select categories do not count toward the spend threshold.

Yes. You can access over 1,400 international airport lounges using your primary RBL Bank Icon Credit Card. Each visit is chargeable at up to $35 per person. This is a paid benefit, not complimentary, but the card grants access to a large network of global lounges.

The Icon card provides access to select golf courses across India. Benefits include complimentary golf rounds, discounts on green fees, and free golf lessons. A dedicated Golf Concierge is available at 022 6232 7777 for advance bookings. The Golf Concierge service is complimentary only for Mastercard holders.

You get a buy-one-get-one offer on movie tickets at BookMyShow, with savings of up to ₹200 per transaction. This offer is available twice a month. To use it, select the RBL Bank Buy 1 Get 1 Offer under the Offers/Discounts section on the BookMyShow website or app at checkout.

A 1% fuel surcharge waiver applies at all fuel stations across India. The waiver is valid for transactions between ₹500 and ₹4,000, with a maximum waiver of ₹200 per month. The benefit is reflected directly in your monthly credit card statement.

The Icon card includes 24x7 concierge services covering golf course referrals and reservations, car rental and limousine bookings, hotel reservations, business services, special event assistance, spa and fitness centre referrals, dining reservations, and flower and gift delivery. Call the Concierge Desk at 022 6232 7777 for any booking.

Yes. RBL Bank charges a reward redemption fee of ₹99 plus GST each time you redeem points. This fee is levied once per day, so multiple redemptions on the same day incur only one charge. This is an unusual fee that most competitor cards do not charge. To minimize its impact, batch all your redemptions into a single day.

The finance charge is approximately 3.49% per month, which works out to about 41.88% per year. This applies to any outstanding balance carried past the payment due date. Paying the full statement balance by the due date each month avoids interest charges entirely.

Yes. The RBL Icon is a Mastercard that works at any Mastercard-accepting merchant worldwide. International purchases earn 20 reward points per ₹100 (10x the base rate), making it one of the better cards for overseas spending. A 3.5% foreign currency markup applies on all international transactions.

The foreign currency markup is 3.5% on all international transactions. While this is standard across most Indian credit cards, the 10x reward points on international purchases (20 per ₹100) help offset this cost partially. If international spending is your primary use case, dedicated forex cards typically charge 1.5% to 2%.

Redeem points through the RBL Bank rewards portal at www.rblrewards.com. Options include air travel, hotel stays, and shopping vouchers. You can also redeem through the RBL MyCard mobile app. A redemption fee of ₹99 plus GST applies per redemption day, so batch your redemptions to minimize charges.

No. The ₹5,000 plus GST annual fee has no spend-based waiver available. You pay the full fee every year regardless of how much you spend. This is a significant drawback compared to many competitor cards that waive annual fees at certain spending thresholds.

The card gives access to global iconic events including Formula 1 races, special awards nights, and exclusive sports events. Booking is handled through the Concierge Desk at 022 6232 7777. Additionally, the buy-one-get-one BookMyShow offer provides regular entertainment value for movie-goers.

Yes, supplementary cards are available at no additional fee. Add-on cardholders earn reward points at the same rate as the primary card. All points from supplementary card transactions accumulate in the primary cardholder's account.

The RBL Bank Icon Credit Card is issued on the Mastercard network. This means it works at all Mastercard-accepting merchants globally. The Mastercard network also enables the Golf Concierge service, which is exclusive to Mastercard holders on this card.

The card makes sense if you regularly dine out on weekends and make international purchases, since these earn 10x points. At ₹5 lakh annual spend, you collect roughly 10,000 base points plus 25,000 milestone points, plus up to 48,000 bonus points from maxing out both 10x categories monthly. The BookMyShow savings alone can reach ₹4,800 per year. However, the non-waivable fee and ₹99 redemption charge are real drawbacks. If you spend under ₹3 lakh annually and rarely dine out on weekends, a card with waivable fees would deliver better overall value.

For credit card queries, call RBL Bank Customer Service at 022 6232 7777. For concierge bookings (travel, golf, dining, events), call the same number and ask for the Concierge Desk. You can also manage your card, make payments, and track rewards through the RBL MyCard mobile app or RBL Bank net banking.