RBL Bank Icon Credit Card Review – Good for International Spends

By | January 4, 2017

RBL Bank recently added a new card to their system called Icon Credit card which stands above RBL Bank Platinum Maxima Credit Card and RBL Bank Platinum Delight Credit Card and is positioned as a premium credit card according to the bank. It comes with a high joining fee but the welcome bonus is bit less in value compared to the fee paid. Moreover, redemption options aren’t so great either.

Joining Fee: Rs.5,000+Tax
Welcome Bonus: 20,000 Points

RBL Bank Icon Credit Card Reward Points:

Regular Reward points:

  • 2 Reward Points per Rs. 100 spent – 0.5% in value (huh? Seriously?)
  • 20 Reward Points per Rs. 100 spent on international and dining spends on weekends* – 5% in value
  • Max Cap: 2,000 Reward Points/month each for international spends & weekend dining spends
  • 1 Reward Point = ~0.23 Ps

Milestone Reward Points:

  • 10,000 Reward Points on spends of Rs. 3 lacs in a year
  • Another 15,000 Reward Points on spends of Rs. 5 lacs in a year
  • Another 20,000 Reward Points on spends of Rs. 8 lacs in a year

So, lets see how much reward rate it has to offer on 8L spend in a year

Total Points on 8L Spend = 45,000 Milestone Points + 16,000 Regular Points
= 61,000 Points = ~Rs.14,000 in value (1.8% value back)

So it maybe worthwhile to take this card if you can spend 8L in a year. Or, you can make the most out of this card, if you have international spends of ~Rs.10,000 a month. Funny thing is, this so called premium card has the same reward rate as that of their semi premium “RBL Bank Platinum Maxima” credit Card which comes at a lower joining fee.

Other benefits:

Bookmyshow Offer: 1+1 Movie ticket (Up to Rs 200) twice in a month at BookMyShow

Hotel benefits: Complimentary room upgrades, complimentary meals and other offers at our hotel partners, which include Oberoi, Four Seasons & Mandarin Oriental.

Features of RBL Bank Icon Card:

  • CardExpert Rating: 3.5/5
  • Reward rate: Upto 1.8%
  • Complementary Airport lounge access: 2 Visits/quarter via Mastercard lounge Access programme & Priority pass membership (no free visits)
  • Fuel Surcharge Waiver: Nil
  • Foreign Exchange Markup fee: 3.5% + Service Tax
  • Renewal Fee Waiver: Nil
  • Special Features: Reward points based on spend, Free Movie Tickets, Hotel benefits, Entertainment perks, discount on green fees, dedicated Concierge service.

I really wonder how RBL runs its card business with paid cards while the biggest card issuer (HDFC) of the country issues most of its premium cards for free. RBL needs to learn the spend based fee waiver with which HDFC masters the game. If you’re able to grab this card for free, its worth it. Else, we always have HDFC Regalia, HDFC AllMiles, Yes First Prefferred Card with much better benefits and no joining fee.

Whats your take on the new Icon credit card by RBL? Share your views in comments below.

30 thoughts on “RBL Bank Icon Credit Card Review – Good for International Spends

  1. Rahul P

    Hi Sid

    IMO, among the RBL range the RBL fun cc was the best in the range for those who spend a significant amount on movies and fast food chains pizza Hut and kfc. I have had it since the last three months and have been very happy. Got Joining bonus of 1250 voucher of BookMyShow and monthly vouchers worth 800 (BMS-500, KFC or Pizza Hut-300) on a spend of just 5000/month. which totals out to 3600 worth vouchers on a joining fee of 500 bucks. I would say it’s a very good card. Not calling it great cause they have stopped the pizza Hut / kfc vouchers from jan and introduced some points instead but I continue with it cause the BookMyShow vouchers continue.

    What do you think?

      1. Manu

        The movie vouchers are buy 1 and Get 1 or just two tickets free every month

        1. Siddharth Post author

          On Icon card? its Buy1Get1 offer which can be availed twice.

      2. Kiran Thakkar

        What about rbl icon card. ? Is it good or not ? This card is international?

  2. Shrey

    Hi Sid,

    Is there a good card for travel being offered from RBL? I was planning to get the Citi Premiermiles card but the joining fee and the annual fee are too high. Is there a way to get this fee waived off based on spends on the card?

    1. Siddharth Post author

      Nothing better with RBL. You can get renewal fee waived on Citi on good card spend.

        1. Siddharth Post author

          I think possible for “renewal” but not sure about “joining” fee.

    2. Vinay Visen

      Hi shrey

      As my opinion citi card is best. You can spend 30000 /per month you will get annual fee waiver.

      1. Prashant Agrawal

        For the waiver, do you need to call before the renewal date or after?

  3. Amandeep singh

    I recently got platinum maxima though I wanted platinum delight (after reading your review)but they gave maxima for free so I agreed. Inside the welcome kit there was card holder and key chain with name embossed on it.It is a good looking card but offers are not that great.

    Can be used as a backup card.

    1. Siddharth Post author

      If issued for free, that’s better then.

      Could you share more details on how it was issued for free?
      Would be highly helpful for many readers 🙂

      1. Amandeep singh

        Honestly,I was pushing for “delight” but the rep was trying to sell maxima then I said it has high fee and will not pay the fee so she agreed.

        I have a 2 year old relationship with rbl may be that is the reason.

  4. Sunny

    Even HDFC money back card offers you better points compared to this… That too its life time free.

  5. Ankush

    If you are willing to get a free Platinum Maxima or platinum delight free for the first year ? Simply call on there customer care number and ask them to make it free, they will do it but the for the 1st year only.

    1. Siddharth Post author

      Interesting. Does it mean they’ll reverse the 1st year fee that should have got charged in the first month of the bill?


    Plz tell me the Best card for movies,pizza hut,etc…

  7. Brajesh Kunwar


    बहुत दुःख के साथ मुझे बताना पर रहा है की – मुझे RBL क्रेडिट कार्ड वापस करना पड़ेगा ( बंद करना पड़ेगा ) मैं पहले से RBL कार्ड उपयोग कर रहा था
    फिर मुझे कॉल आया की – आपको फ्री में Icon RBL कार्ड ऑफर किया जा रहा है
    जिसमे बहुत सारा बेनिफिट मुझे बताया गया – और साथ में यह भी बोला गया की – आपको इस कार्ड के लिए कुछ एक्स्ट्रा नहीं देना होगा – यानि बिल कुल फ्री

    फिर बहुत समझने पर मैं जब मन गया की ठीक है , तब वो औरत ( जो फ़ोन पर थी ) बोली की – मेरे सीनियर से एक बार बात कर लीजिये

    उनका सीनियर सिर्फ यही पूछे हमसे की – आप तैयार है आइकॉन कार्ड के लिए – मैं बोला हाँ

    फिर तीन चार दिन में मुझे नया Icon क्रेडिट कार्ड मिल गया – लेकिन साथ में पांच हजार रुपया Joining fee का बिल भी जोर दिया गया मेरे पुराने बिल के साथ

    यानि मुझे पहले joining fee के बारे में नहीं बताया गया था – मुझे बेवकूफ बनाया गया

    मैं तो अभी दुबई में हूँ – इंडिया जाने के बाद मैं कार्ड वापस करने का Procedure करूँगा , मुझे 20 सेप्टेम्बर 2017 को आना है वापस

  8. Naresh Kumar Ayyavari

    Hi sir I applied platinum delight credit card but I got icon credit card please change my credit card it’s possible sir 5000 fee 5000 joining fee

  9. Amann


    Just letting all know that Rbl Insignia Credit Card is free for all insignia account holders.

    1. AshishR

      hows rbl insignia savings account??
      I heard bad reviews abt rbl bank accounts.
      is it worth putting 30L in account for 6.5% interest + insignia credit card?

    2. Pavan

      Can we get that card immediatly when we became insignia account relationship ?

  10. Samir

    Hi Siddharth
    What about RBL insignia credit card reward rate


    1. Amann

      Reward rate is 1.25% for domestic and 2.5% for international spends. 6 priority pass visits. Best feature is BMS Rs 500 off per month from 1st ticket itself.

  11. Arun

    Hi, Amaan & other insignia account holders,

    The bank rep says ‘an initial cheque of 3lacs is enough that should be maintained & no charges will be applied if the trv isn’t 30lacs’
    Is it right? Will they downgrade the acc if 30 lacs trv is not maintained?

  12. kishore nayak

    rubbish card. concierge services cannot be reached. all tall promises ..not good value. paying 5000 is absolute waste of money . getting card cancelled .


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