RBL Bank Icon Credit Card
RBL Bank · Open to apply
A ₹5,000 rewards card: 20,000 welcome points, 2 reward points per ₹100, 20 per ₹100 on international purchases and on weekend dining (each up to 2,000 points a month), milestones of up to 45,000 points a year, two domestic lounge visits a quarter after ₹35,000 of spend, golf and concierge.
- Annual fee
- ₹5,000 + GST a year
- Joining fee
- ₹5,000 + GST
- Base rate
- 2 reward points per ₹100 on eligible retail spends: 2 RBL Reward Points per ₹100 (about 0.5% at cash value)
- Lounges
- Domestic: 2 visits a calendar quarter after ₹35,000 spend
- Forex markup
- 3.5%
- Data
- From bank documents, checked 6 Nov 2026
Main earn rates
- 20 reward points per ₹100 on international purchases (up to 2,000 points a month): 20 RBL Reward Points per ₹100 (about 5% at cash value)
Earns nothing on
- No reward points on railways, rent and miscellaneous payments
- No reward points on railways
- No reward points on EMI conversions
Terms the calculator does not value
- 20 reward points per ₹100 on weekend dining (up to 2,000 points a month, then 2 points per ₹100) is not entered: the format cannot match spend by day of the week. Weekend restaurant spend is valued at the base rate, which understates the card for diners.
- RBL publishes no point value for Icon. The calculator uses ₹0.25 a point, the value RBL's other card pages assume; the page's "6% Value Back on Weekend Dining, International Purchases" headline implies about ₹0.30 a point (20 points x ₹0.30 = 6%), and the page's "Rewarding Milestones worth INR 13,500" for 45,000 milestone points implies the same ₹0.30; RBL does not say which redemption gives it, so ₹0.25 is kept. The card's value moves almost entirely with this figure.
- Our category for miscellaneous payments (MCC 5960) also holds MCCs 6300 and 6381 (insurance), so the exclusion rule stops points on insurance premiums, which the Icon T&C does not exclude. Icon excludes only railways, rent and miscellaneous.
- Eligibility criteria are not in the documents read.
Sources
- RBL Bank, Icon Credit Card page (Product page, the bank's own, read 6 Nov 2026)
- RBL Bank, Icon Credit Card Terms and Conditions (PDF of 4 Aug 2026) (Reward terms, the bank's own, read 6 Nov 2026)
- RBL Bank, Most Important Terms and Conditions cum Key Fact Statement for Credit Cards (PDF modified 2026-08-20) (Most important terms (MITC), the bank's own, read 6 Nov 2026)
- RBL Bank, Schedule of Charges for credit cards, RBL-CC-SOC-V2-04-06-2026 (Schedule of charges, the bank's own, read 6 Nov 2026)
- RBL Bank Credit Cards Rewards Programme terms and conditions (Reward terms, the bank's own, read 6 Nov 2026)
- RBL Bank, Platinum Maxima Plus Credit Card page (worked example valuing points at ₹0.25) (Product page, the bank's own, read 6 Nov 2026)