The Bajaj Finserv RBL Bank Freedom SuperCard is a unique offering mainly because it gives you the power to choose your credit card limit. To avail this card, all you need to do is book a fixed deposit worth Rs. 15,000 or more. This way, 100% of the amount booked as the FD will be approved as the credit limit on the Freedom SuperCard.
You also get additional benefits like a competitive interest rate on the FD booked, cash withdrawal up to 75% of the FD, a savings bank account with an interest rate of up to 6.5%* and much more. The rewards program is a major perk and you get points for regular purchases and 2x reward points on all online spends, except online purchases made on education, insurance, utilities (including Bills2Pay) and Wallet load.
This SuperCard also offers an emergency advance for up to 90 days at no processing fee. What’s more, with 5,000+ reward points, you can make down payments with these points at partner stores on the EMI Network.
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2,000 reward points on spending Rs. 2,000 within 30 days.
The SuperCard credit limit is 100% of your FD amount.
Withdraw up to 75% of the FD amount at any ATM and pay no interest for up to 50 days.
4 complimentary domestic airport lounge accesses in a year (1 per quarter).
Get Rs. 100 monthly fuel surcharge waiver at all petrol pumps.
Use rewards points to pay down payments at Bajaj Finserv partner stores.
Enjoy 5% cashback for making down payments at partner stores.
Spend Rs. 75,000 in a year and get next year’s annual fee of Rs. 999 waived off.
Get 1 reward point for spending Rs. 100 and 2x rewards points for online purchases.
Additional reward points for availing a consumer durable loan from Bajaj Finserv.
Convert purchases over Rs. 3,000 into easy EMIs.
Get a loan for up to 90 days at a nominal interest rate.
Monthly 1+1 offer, up to Rs. 200, when you book a ticket on BookMyShow.
Tap your card to make fast and hassle-free transactions on payments up to Rs. 5,000.
|Types of fees||Charges applicable|
|Annual fee||Rs. 999 + GST|
|Renewal fee||Rs. 999+ GST|
|Add-on card fees||NIL|
|Foreign currency transaction**||3.5%+GST|
|Cash payment at branches||Rs. 250+GST cash deposit transaction done at RBL branch and Bajaj Finserv branch.|
|Surcharge on purchase/cancellation of railway tickets||IRCTC service charges* + payment gateway. Transaction charge [Up to 1.8%+GST of (ticket amount +IRCTC service charge). Refer IRCTC website for details|
|Fuel transaction charge - for transaction made at petrol pumps to purchase fuel^||1%+GST surcharge on fuel transaction value or Rs. 10+GST, whichever is higher|
|Reward redemption fees||A reward redemption fee of Rs. 99+GST will be levied on all redemptions made on Bajaj Finserv RBL Bank SuperCards w.e.f. June 01, 2019. T&C apply|
|Cash advance transaction fee||2.5% of the amount (min. Rs.500+GST) of the cash amount *effective July’20|
|Overdue interest on extended credit||Up to 3.99%+GST per month or 47.88%+GST per annum|
|Overdue interest on secured credit cards||3.33% per month or 40% per annum|
|Charge slip retrieval/copy fee||Rs. 100|
|Overdue interest on secured credit cards||3.33% per month or 40% per annum|
|Over-limit penalty||15% of total amount due (min. Rs. 50, max. Rs. 1,500)|
|Finance charges (Retail purchases and cash)||APR 3.33%+GST p.m. (40%+GST p.a.)|
|Call-a-draft fee||2.5%+GST (min. Rs. 300+GST) of the draft amount|
|Card replacement (lost/stolen/reissue/any other replacement)||Rs. 200+GST|
|Duplicate statement fee||Rs. 100+GST|
|Charge slip retrieval/Copy fee||Rs. 100+GST|
|Outstation cheque fee||Rs. 100+GST|
|Cheque return/Dishonour fee auto debit reversal-bank account out of funds||Rs. 500+GST|
All the above charges are subject to change under various marketing programs. The cardmember will be informed about these changes.
^ The surcharge is applicable on minimum fuel transactions of Rs. 500 and maximum of Rs. 4,000. Maximum surcharge waiver is Rs. 100 for SuperCards, Rs. 200 for World Plus, SuperCard and Rs. 150 for all other World SuperCards.
* Refer to IRCTC website for details.
** Transactions at merchant establishments that are registered overseas even if the merchant is located in India attract a cross border charge
For assistance, you can reach us via the RBL Credit Card Customer Care at the below number: 022-7119 0900 (if you are using your mobile phone, prefix your city’s STD code to the number). You can also e-mail us at: firstname.lastname@example.org
You will get a link on your registered mobile number to open a Digi-saver account, once you apply for the SuperCard.
The credit card will get cancelled if you withdraw the FD at any point.
You must book an FD of at least Rs. 15,000 to get the SuperCard.
Click on the link received to open a savings bank account, go to the FD payment page and check the details of the FD before you invest.
The interest is credited to the savings account and you can choose the payout frequency from the options offered.
The virtual debit card will be available in "MoBank App" within 48 hours of creating the Digi-saver account.
The FD amount will be reinvested, automatically.
The credit limit will be equal to the FD deposited. The cash limit is 75% of the credit limit.
No, the credit card, FD and Digi-saver account cannot be created on behalf of a 3rd party.
Failing to pay within 50 days will result in the card getting blocked and the outstanding amount will be recovered from the FD.
No, Digi-saver account comes with a virtual debit card with no annual charges.
You can apply for a physical debit card through the MoBank App.
This card can be used for online shopping, recharges, merchant outlets or when paying bills.
Access details about the virtual debit card through the MoBank App.
This card can be used to meet credit needs, get cash from ATMs, borrow a loan and convert purchases into easy EMIs. This makes it a ‘SuperCard’.
When you withdraw cash from ATMs with a SuperCard, you pay no interest for up to 50 days, only a flat 2.5% processing fee is charged. This makes cash withdrawals inexpensive.
With a SuperCard, you can avail an emergency loan for 3 months, once a year. The sanction is based on your cash limit.
The ‘InControl’ features ensure safety as you can control the usage of your card through the mobile app.
You can avail cashback offers, deals at Bajaj Finserv partner stores, No Cost EMI financing* and much more with the SuperCard.
A. Card members get a welcome gift voucher worth Rs. 500, 5% cashback on grocery spends along with the industry 1st features. Gift voucher worth Rs. 1,000 on spending Rs. 1,00,000 in a year. (Assuming spend of Rs. 2,00,000. Gift Voucher worth= Rs. 2,000)
If you have any queries, call us at 022 7119 0900 or e-mail us at email@example.com
You must be between 21 and 70 years of age.
The joining fee for Bajaj Finserv RBL Bank Freedom SuperCard is ₹999. however, the annual fee for 2nd year is ₹999 waived off on an annual spends ₹75,000.
Get 2,000 Reward points on payment of joining fee and spends of Rs. 2,000 made within 30 days of card issuance.
No, this card cannot be applied without the Fixed Deposit with RBL Bank. The minimum investment required is ₹15,000 with an annual return of 6.10% (subject to change as per bank)
You can avail 100% of your FD Amount as your Freedom SuperCard.
Yes, you can but before you must put in a request for Card Cancellation. Once your card has been cancelled and the complete outstanding has been paid, the bank will remove the lien/block on the FD and the account holder can close the FD using Mobank. The FD amount with applicable interest will be credited to your Savings Account.
No, your current card will be cancelled, and FD linked against it will be dissolved. If you wish to have another FD linked card, then a new application should be raised for that.
Yes, by default your FD will be in auto –renewal mode.
SuperCard is a cobrand credit card in association with RBL Bank Ltd. The card is known as SuperCard because of the super features available in it. This is one-of-its-kind card in the industry which not only takes care of your daily/monthly credit needs, but also helps you in emergency cash requirements, exclusive Bajaj Finserv partner store benefits discounts/cashbacks on various categories, rewards on every transaction and many other offerings.
SuperCard not only comes with the regular features offered by credit cards but also offers features like:
– Low-cost advance on cash limit at 1 .16% per month with no processing fee
– Cash withdrawal at 0% interest up to 50 days
– Superior rewards program
– Best security features through ‘InHand’ security
– Instant approval/rejection on application form
Reward points on your supercard can be earned in 3 ways- welcome rewards (only on paid card variants), spend based rewards and milestone rewards. You can redeem these reward points at www.rblrewards.com/SuperCard or use these at any Bajaj Finserv partner store across India for down payment of No cost EMI’s on a wide range of electronics, consumer durables etc.
Low cost emergency advance can be used against cash limit provided within your credit limit. you can avail this short loan on 3 easy EMI’s with no processing fee and nominal interest of 1.16% p.m. you can apply for this through RBL MyCard app or SMS “CASH” to 5607011 or call 022 71190900.
In times of an emergency, other bank credit cards offer cash withdrawals with a lot of fee and interest. Cash withdrawal from SuperCard can be done within the cash limit of the card limit and this is interest-free for upto 50 Days with nominal processing fee of 2.5%. However, its always preferred to repay on time to avoid interest charges.
You can now activate your card and not wait for a physical card to start shopping. Simply download Bajaj Finserv wallet app (Link) sign up using your details, on homepage click on SuperCard icon and enter required details shared during your card application. set a 6-Digit mPin and view your digital SuperCard. Go to settings option ,enable online transactions and start using it for online transactions.
You can convert shopping spends exceeding Rs. 2,500 to easy EMI through RBL MyCard App or simply write to firstname.lastname@example.org. The EMI’s tenure is flexible as per your need with a nominal processing fee.
Tap this card to make fast & convenient payments at retail outlets. With contactless payments enabled, your Card never has to leave your hand. Make payments of up to Rs. 5000* at a time using the tap & pay feature.
SuperCard comes with a feature called ‘InControl’, where the security of your SuperCard will be in your control. You can control the use of your card through the RBL MyCard App too. Your Bajaj finserv cobrand credit card is secure than ever which gives you the power to switch on/off your card in seconds. Unable or disable domestic, international, online or offline transactions.
If you have any other query, call us at 022 71190900 or e-mail us at email@example.com and we’ll be glad to assist you.