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Bajaj Finserv RBL Bank Freedom SuperCard

Bajaj Finserv RBL Bank Freedom SuperCard

Freedom SuperCard: Features & benefits

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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  • Welcome bonus

    2,000 reward points on spending Rs. 2,000 within 30 days.

  • Flexible credit limit

    The SuperCard credit limit is 100% of your FD amount.

  • Interest-free withdrawals

    Withdraw up to 75% of the FD amount at any ATM and pay no interest for up to 50 days.

  • Airport lounge access

    4 complimentary domestic airport lounge accesses in a year (1 per quarter).

  • Fuel surcharge waiver

    Get Rs. 100 monthly fuel surcharge waiver at all petrol pumps.

  • Pay with points

    Use rewards points to pay down payments at Bajaj Finserv partner stores.

  • Cashback on down payment

    Enjoy 5% cashback for making down payments at partner stores.

  • Annual-fee waiver

    Spend Rs. 75,000 in a year and get next year’s annual fee of Rs. 999 waived off.

  • Reward program

    Get 1 reward point for spending Rs. 100 and 2x rewards points for online purchases.

  • 3-tier reward system

    Additional reward points for availing a consumer durable loan from Bajaj Finserv.

  • Effortless EMI facility

    Convert purchases over Rs. 3,000 into easy EMIs.

  • Emergency loan

    Get a loan for up to 90 days at a nominal interest rate.

  • Free movie tickets

    Monthly 1+1 offer, up to Rs. 200, when you book a ticket on BookMyShow.

  • Contactless payments

    Tap your card to make fast and hassle-free transactions on payments up to Rs. 5,000.

Fees and charges

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

Contact Us

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: supercardservice@rblbank.com

Bajaj Finserv RBL Bank Freedom SuperCard FAQs

How can I open a Digi-saver account?

You will get a link on your registered mobile number to open a Digi-saver account, once you apply for the SuperCard.

What happens if I withdraw the FD in 1 year?

The credit card will get cancelled if you withdraw the FD at any point.

What is the minimum FD amount to get a Freedom SuperCard?

You must book an FD of at least Rs. 15,000 to get the SuperCard.

How can I book the FD?

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.

How do I get the interest generated on FD?

The interest is credited to the savings account and you can choose the payout frequency from the options offered.

When will I receive my virtual debit card?

The virtual debit card will be available in "MoBank App" within 48 hours of creating the Digi-saver account.

What will happen to the FD at maturity?

The FD amount will be reinvested, automatically.

What is the credit & cash limit for freedom SuperCard?

The credit limit will be equal to the FD deposited. The cash limit is 75% of the credit limit.

Can I issue a Freedom SuperCard for a 3rd party?

No, the credit card, FD and Digi-saver account cannot be created on behalf of a 3rd party.

What if I fail to pay the Freedom SuperCard bill?

Failing to pay within 50 days will result in the card getting blocked and the outstanding amount will be recovered from the FD.

Will I get a physical debit card?

No, Digi-saver account comes with a virtual debit card with no annual charges.

How can I apply for a physical debit card?

You can apply for a physical debit card through the MoBank App.

Where can I use my virtual debit card?

This card can be used for online shopping, recharges, merchant outlets or when paying bills.

Where can I find the details of my virtual debit card?

Access details about the virtual debit card through the MoBank App.

How is the SuperCard different from other credit cards?

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’.

Are cash withdrawals on the SuperCard expensive?

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.

In a regular credit card, the credit limit can be used for merchant transactions, how is SuperCard different?

With a SuperCard, you can avail an emergency loan for 3 months, once a year. The sanction is based on your cash limit.

How safe is my SuperCard from online fraud?

The ‘InControl’ features ensure safety as you can control the usage of your card through the mobile app.

What exclusive offers will I get with the SuperCard?

You can avail cashback offers, deals at Bajaj Finserv partner stores, No Cost EMI financing* and much more with the SuperCard.

Q. What are the additional benefits on this card?

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)

How do I address any other login related query?

If you have any queries, call us at 022 7119 0900 or e-mail us at supercardservice@rblbank.com

What are the eligibility criteria to apply for this card?

You must be between 21 and 70 years of age.

*Conditions apply

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