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

 

[Vasuki]

Thn, why are you blaming @Abhishek012 for the devaluation?
May be bank management knew thier target, they achieved it and now they added restrictions.

This all happens everyday here in friendly way .
Card will come & go
Reward will be high or dry
People remain the way they are here in a friendly way 😁

 

[techt]

@Pollex whats that in your av ?

 

[ccdc]

think this thread is moving slowly towards "other discussion"...mods.... is it time to step in?

 

[techt]

think this thread is moving slowly towards "other discussion"...mods.... is it time to step in?

If you see threads moving away from the main point, anchor it with some other point like as I did in above post.

 

[Vasuki]

think this thread is moving slowly towards "other discussion"...mods.... is it time to step in?

It will get deleted . Max

As informed citizens, things need to be discussed in healthy way . maybe be can say platform is not designed for it .
True

 

[techt]

It will get deleted . Max

As informed citizens, things need to be discussed in healthy way . maybe be can say platform is not designed for it .
True

then which platform ? Railway ?

 

[Vasuki]

then which platform ? Railway ?

General discussion.. or just for fun section

 

[SSV]

If you see threads moving away from the main point, anchor it with some other point like as I did in above post.

This is also correct and hence in my very first post I mentioned I don’t want to discuss anything about the matter I posted..
Now I will do it ..
I won’t post anything about that subject
..
Okay guys come back to the subject..
When is rbl going to devalue sig+ again??
My guess in the sept - December quarter of 2024

 

[techt]

This is also correct and hence in my very first post I mentioned I don’t want to discuss anything about the matter I posted..
Now I will do it ..
I won’t post anything about that subject
..
Okay guys come back to the subject..
When is rbl going to devalue sig+ again??
My guess in the sept - December quarter

Red Bold Likho will definitely in october too.
Now the norm is Holi deval in April and Dasara deval in October.

 

[SSV]

Red Bold Likho will definitely in october too.
Now the norm is Holi deval in April and Dasara deval in October.

This red bold things may even speed up the process to one quarter before !!

i.e business quarter not your recreational quarter that you are thinking about !!

 

[Vasuki]

This red bold things may even speed up the process to one quarter before !!

Last nail in the coffin

 

[SSV]

Sam funded Nazis
Won war against them claimed as superhero
History is written by who wins the war .


WE talk about Indian getting lesser treatment abroad because history was written by British & we were perceived the way British described us .

Doc mate, I would ask you to stick to rbl DC if you can thanks

 

[Vasuki]

This is also correct and hence in my very first post I mentioned I don’t want to discuss anything about the matter I posted..
Now I will do it ..
I won’t post anything about that subject
..
Okay guys come back to the subject..
When is rbl going to devalue sig+ again??
My guess in the sept - December quarter of 2024

Enjoy till your fd matures

This quarter some new things will come

 

[SSV]

Enjoy till your fd matures

This quarter some new things will come

I am actually not unhappy with RBL , I am getting 8.1% FD rate , not bad for a scheduled bank

 

[Vasuki]

Doc mate, I would ask you to stick to rbl DC if you can thanks

talking about loot axis still shines

 

[SSV]

talking about loot axis still shines

You Gold digger … Bhima gold digger !!!
Via Myntra sponsored by Axes SI and privilege CC

 

[techt]

talking about loot axis still shines

Whats that
?

 

[SSV]

Whats that
?

See my post above

 

[kushhh]

Whats that
?

Gold bar .

 

[Abhishek012]

So your only explanation is go back to cash transaction Era
Then why would I choose digital and spend
Why not avoid Tax and go Cash only

Incentive are to make everyone go for the product not otherwise.

Here you guys are wrong,

You guys always think about i, i, i, i....

The next generation is not going to think like this, they will be happy to get the free credit limit of 30/45 days, that's it.

Of course, banks will give few % RP on genuine transactions. Co-branded cards will also exist, you will get 3% to 10% cashback on cobrand cards.

There is no need to give RP on all other transactions.

But if we talk about the generation after that, then who knows they may end all this too.

1st gen. ko reward dekar digital transaction karwana,

2nd gen. ko limited rewards and 30/45 days ka free credit limit ka dream dekhana hai + cobranded cards k higher Reward bhi hai.

3rd gen. se woh bhi chinn lena hai.

Phir tum 3rd gen se yeh expect nahi kar sakte ho ki woh cash use karega..

Third Generation will tell you 100s of benefits on credit cards even without reward points.

Like saving time, saving fuel (Because if you go to pay electricity and water bill with cash then you will use your vehicle), 30/45days free credit limit, they will happy to pay 1% surcharge on education payment etc because dude you will get 30/45days free credit limit etc.

This may seem crazy to you but all this is not for the 3rd gen. This is business dude.