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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

What is the joining fee for this card?

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.

How can you earn welcome gift?

Get 2,000 Reward points on payment of joining fee and spends of Rs. 2,000 made within 30 days of card issuance.

Can I apply for this card, without applying for the Fixed Deposit?

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)

What is the Credit Limit available on this card?

You can avail 100% of your FD Amount as your Freedom SuperCard.

Can I dissolve my FD linked to the Card?

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.

Can I dissolve my Current FD and instead link another FD of higher/ lower amount against the same card?

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.

Will my Fixed Deposit be on Auto renewed after 1 year ?

Yes, by default your FD will be in auto –renewal mode.

What is SuperCard?

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.

How is SuperCard different from any other credit card in the industry?

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

How can you use SuperCard reward points?

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.

How can you use low cost emergency advance?

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.

Is there any interest rate on cash withdrawal from SuperCard?

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.

How can you activate your card?

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.

How can you convert shopping spends to Easy EMI’s?

You can convert shopping spends exceeding Rs. 2,500 to easy EMI through RBL MyCard App or simply write to supercardservice@rblbank.com. The EMI’s tenure is flexible as per your need with a nominal processing fee.

How can you use SuperCard for contactless payment at stores ?

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.

With increasing number of cybercrimes, how safe is my SuperCard from online fraud?

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.

Do you need any help regarding your supercard?

If you have any other query, call us at 022 71190900 or e-mail us at supercardservice@rblbank.com and we’ll be glad to assist you.

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