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

 

[doraemon]

Bajaj ka 6012 hi hai

But USS din to milennnia dc Wale thread mai HDFC ne 49 series ka bola tha ruko ek baar dekhta mail

 

[kushhh]

But USS din to milennnia dc Wale thread mai HDFC ne 49 series ka bola tha ruko ek baar dekhta mail

Merchant name kya hai

 

[Abhay Chauhan]

Hey guys.. I just got my SPDC delivered four days back and did few transactions using it. Today getting this devaluation notice. I had planned to use this dc for my loan repayment and I feel so cheated now.
Is it possible to cancel the card and get the refund?
Or Any workaround please.

Why are you closing this?? It is not even devalued yet. Ask Axis what devaluation is?? they will give you the exact answer.

there are many alternatives you can find to gain maximum benefits go ahead and give your valuable time to techfino and you will find.

 

[Abhishek012]

@VISHESH_BANSAL bhaiya ye 6540 exclued Kara hai to yaani mobi and amajon nahi chalega
Par Bajaj ka to utility hai na to wo kaam karega na wallet load

Yeh dekho babua, sabash.

Itna tanao kahe le wani, tahar bhai hai na. Sab kuch k intezam kar dehi tahar bhai.

 

[samm255]

Aaj hi bill pay kia hai

New t&c applies from 1st May so you are good until 30th April.

 

[doraemon]

Yeh dekho babua, sabash.

Itna tanao kahe le wani, tahar bhai hai na. Sab kuch k intezam kar dehi tahar bhai.

Subah se ek accho khabar na do tum
Jara ceo ko call lagao

 

[Vasuki]

Hey guys.. I just got my SPDC delivered four days back and did few transactions using it. Today getting this devaluation notice. I had planned to use this dc for my loan repayment and I feel so cheated now.
Is it possible to cancel the card and get the refund?
Or Any workaround please.

There will be mcc loop holes for few month u can recover if not profit

@vaibhav111 @ashwink merge with existing thread of devaluation

 

[dealminer]

New t&c applies from 1st May so you are good until 30th April.

30th april ke baad @Abhishek012 sir aage ki raah dikhaenge

 

[VISHESH_BANSAL]

Livquik wallet fastag recharge karenge GPay, Paytm jaise apps se.

1,00,000 nikalne ke liye 2 mahine tak Liv wallet m fasake rakho 🤣

Khuch ki toh Txns bhi nhi ho rahi🤣

SBI Unipay se CC bill pay karenge.

Yes, Park+ bhi hai CC bill pay k liye.

@S.B.N.B

CC Bills toh 🌳 par latke milte hai🤣

Jab man kara toda aur bhar diya🤣

Abb yeh mat bolna 1 lakh every month karne ke liye every Month 1 Lakh CC to Bank karo🤣

 

[kushhh]

Yeh dekho babua, sabash.

Itna tanao kahe le wani, tahar bhai hai na. Sab kuch k intezam kar dehi tahar bhai.

Bhaiyya ji , ek tho 4722 ka mcc chahiye, ek 4812 ka... Kab tak mil jaayega

 

[marvel]

Will I still receive Rs 1000 voucher in the month of May for wallet transaction done this month?

 

[varun__goel_]

Ab @Abhishek012 ye kaise bolenge😭:-

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:

1. 1000 GV per month X 12 = 12K points
2. 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).

 

[kushhh]

Will I still receive Rs 1000 voucher in the month of May for wallet transaction done this month?

Y e s

 

[doraemon]

Bajaj finance has 4900 mcc confirmed in written from HDFC

Kya ye chalegi?

 

[kushhh]

Bajaj finance has 4900 mcc confirmed in written from HDFC

Kya ye chalegi?

Merchant name ?

 

[bigbyte]

Yeh dekho babua, sabash.

Itna tanao kahe le wani, tahar bhai hai na. Sab kuch k intezam kar dehi tahar bhai.

Bas tohre bharose kaarad liyal baani. Tu hee kaauuno upar batava.

 

[marvel]

Will I still receive 5k voucher at the end of 12 months if I spend 5L for wallet transaction in April?

 

[SSV]

The Best ever ever ever DC RBL Sig+

 

[SSV]

Will I still receive 5k voucher at the end of 12 months if I spend 5L for wallet transaction in April?

YES . .

 

[doraemon]

Merchant name ?

Maine Bajaj app se simple wallet load Kiya statement mai ye naam aaya aur iska mcc 4900
Merchant name Bajaj finance ltd