RBL Bank Icon Credit Card – A Complete Guide to Premium Benefits

Divyam had always dreamed of running his own business in Uttar Pradesh, but no one told him how exhausting it would be. Managing cash flow, keeping track of expenses, and ensuring smooth operations left him drained. Despite his efforts, unexpected costs and last-minute travel for client meetings kept throwing his budget off track.

He learnt about the RBL Bank Icon Credit Card one day while having tea with a friend about financial difficulties. Initially sceptical, he chose to test it. He had no idea that this card would influence the course of his business career.

The 20,000 reward points that were given as a welcome bonus were only the start. The rewards scheme, which allowed him to collect 20 points for every ₹100 spent on eating and foreign transfers, was helpful. Due to regular business dinners and payments to clients abroad, these points soon accumulated, allowing him to take advantage of perks that improved his cash flow.

Transforming Travel and Business with Perks

Travelling frequently was no longer an inconvenience. Free access to domestic and foreign lounges allowed him to relax before important meetings, turning his hectic, hasty visits into easy, productive ones. Each time he met expenditure goals, he earned thousands of extra reward points—10,000 at ₹3 lakh, 15,000 at ₹5 lakh, and 20,000 at ₹8 lakh—which he used to reinvest in his expanding business. The milestone rewards kept him motivated to manage expenses effectively.

But business wasn’t just about work; he also needed a break. The BookMyShow 1+1 movie ticket offer and golf discounts provided much-needed relaxation, letting him unwind and even network with potential clients in a stress-free environment.

Read More – RBL Credit Card – Top Benefits, Types & How to Apply

Looking back, Divyam realised the RBL Bank Icon Credit Card wasn’t just a payment tool, it was a financial companion that streamlined his business, rewarded his hard work, and gave him the breathing space he needed to grow. With its seamless benefits, he no longer worried about small financial hiccups and could focus on what truly mattered—scaling his business to new heights.

Key Highlights of RBL Bank Icon Credit Card

Welcome Benefit

• Receive 20,000 bonus reward points upon activation.
  
  • To qualify, use your card within 30 days of issuance and ensure the annual membership fee is paid by the due date.
    

  • The bonus points will be credited within 60 days from the card issuance date.

     

Milestone Benefits

• Achieve annual spending targets to earn additional reward points:
  
  • 10,000 points upon spending ₹3 lakhs.
    
  • An extra 15,000 points upon reaching ₹5 lakhs.
    
  • Another 20,000 points upon hitting ₹8 lakhs.
    

  • These milestone reward points are credited within 45 days of reaching the respective spending threshold.

     

Entertainment Benefits

• Avail a 1+1 movie ticket offer on BookMyShow, up to ₹200, twice a month.
  

  • To redeem, select the RBL Bank Buy 1 Get 1 Offer under the Offers/Discounts section on the BookMyShow website or app.

     

Golf Privileges

• Access select golf courses nationwide.
  
• Enjoy complimentary rounds and discounts on green fees.
  

• Benefit from free golf lessons to enhance your skills.

   

Concierge Services

• A 24x7 dedicated concierge desk offers assistance with:
  
  • Golf course referrals and reservations.
    
  • Car rentals and limousine bookings.
    
  • Hotel reservations.
    
  • Business services.
    
  • Event and performance bookings.
    
  • Spa and fitness centre referrals.
    
  • Dining reservations.
  • Flower and gift deliveries.
    
    

Fuel Surcharge Waiver

• Receive a waiver on fuel surcharges for transactions between ₹500 and ₹4,000, with a maximum waiver of ₹200 per month.

   

Features of RBL Bank Icon Credit Card

Dining Privileges

• Complimentary Premium Wine or Dessert: At select premium restaurants, enjoy a complimentary glass of premium wine or a delectable dessert with your meal. 

   

• Exclusive Offers: Benefit from special deals and discounts at participating dining establishments, uplifting your culinary experiences. 

   

Global Event Access

Exclusive Invitations: Gain access to prestigious global events, including Formula 1 races, award nights, and other exclusive sports events, providing unique experiences beyond everyday entertainment. 

Concierge Services

24/7 Assistance: A dedicated concierge desk is available around the clock to assist with:

• Golf Course Reservations: Arranging tee times and providing information on select golf courses.
• Car Rentals and Limousine Bookings: Coordinating transportation needs for business or leisure.
• Hotel Reservations: Securing accommodations at preferred hotels.
• Event and Performance Bookings: Procuring tickets to concerts, theatre performances, and special events.
• Spa and Fitness Center Referrals: Recommending wellness centers and arranging appointments.
• Dining Reservations: Booking tables at exclusive restaurants.

• Flower and Gift Deliveries: Coordinating special deliveries for personal or corporate occasions.

  
  

RBL Bank Icon Credit Card Cashback and Rewards

Reward Points on Purchases

• Earn 2 reward points for every ₹100 spent on regular purchases.
  
• Accumulate 20 reward points for every ₹100 spent on:
  
  • International transactions.
    
  • Weekend dining (Saturdays and Sundays).
    
  • Note: There's a cap of 2,000 reward points per month for both international and weekend dining categories.
    
    

Airport Lounge Access

• Enjoy 2 complimentary domestic airport lounge visits every quarter across major airports in India.
  

• Access over 1,400 international airport lounges worldwide with your Icon Credit Card. Each international visit is chargeable, up to $35 per person.

   

Reward Points on Purchases

• Standard Rewards: Earn 2 reward points for every ₹100 spent on regular purchases.
• Accelerated Rewards: Receive 20 reward points for every ₹100 spent on:
• International Transactions: Ideal for frequent travellers making purchases abroad.

• Weekend Dining: Applicable on dining expenditures made on Saturdays and Sundays.

   

Note: There's a cap of 2,000 reward points per month for both international transactions and weekend dining categories. 

Redemption Options

• Accumulated reward points can be redeemed for a variety of options, including air travel, hotel stays, and shopping vouchers. To explore and redeem your points, visit the RBL Bank Rewards Portal. 

   

Please note that the RBL Bank Icon Credit Card primarily offers a rewards-based system rather than direct cashback on purchases. The focus is on providing reward points that can be redeemed for various benefits, enhancing the overall value of your spending.

RBL Bank Icon Credit Card Fees and Other Charges

RBL Bank Icon Credit Card Pros and Cons

Pros:

• Welcome Bonus: Receive 20,000 reward points upon activation, effectively offsetting the joining fee.

  
  

• Reward Structure: Earn 2 reward points for every ₹100 spent on regular purchases and 20 reward points for every ₹100 spent on international transactions and weekend dining (Saturdays and Sundays). Note that there's a cap of 2,000 reward points per month for both international and weekend dining categories.
  
  
• Milestone Benefits: Accumulate up to 45,000 additional reward points annually by meeting specific spending thresholds:
  
  • 10,000 points after spending ₹3 lakhs.
    
  • An extra 15,000 points upon reaching ₹5 lakhs.
    

  • Another 20,000 points upon hitting ₹8 lakhs.

    
    

• Travel Perks: Enjoy 2 complimentary domestic airport lounge visits every quarter and access to over 1,400 international lounges with a Priority Pass membership (international visits may incur charges).
  

   

• Entertainment Offers: Avail a 1+1 movie ticket offer on BookMyShow, up to ₹200, twice a month.

  
  

• Golf Privileges: Access select golf courses nationwide with complimentary rounds and discounts on green fees.

Cons:

• High Annual Fee: The card carries an annual membership fee of ₹5,000 plus GST, which may be steep for some users.

   

• Reward Redemption Value: Some users have noted that the redemption value of reward points may be lower than expected, potentially reducing the overall benefit.

  
  

• Limited Reward Caps: The cap of 2,000 reward points per month on international and weekend dining spending may restrict benefits for high spenders.

  
  

• Concierge Service Limitations: While concierge services are offered, certain benefits like complimentary event passes or golf lessons may not be as readily available as anticipated.

Eligibility Criteria for RBL Bank Icon Credit Card

Both salaried and self-employed individuals are eligible with a stable income and job history (1+ years in a current job improves approval chances).

Example: Rajesh has been working as a software engineer for 3 years in his current company, making him eligible.

Credit Score

A good credit score (typically above 750) is required. Higher scores increase approval chances and may provide access to better rewards.

Example: Simran has a credit score of 780, which boosts her chances of getting approved for premium cards.

Required Documents to Apply for RBL Bank Icon Credit Card