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Bajaj Finserv RBL Bank Freedom SuperCard

Bajaj Finserv RBL Bank Freedom SuperCard

Freedom SuperCard: Features & benefits

Enjoy easy and quick finance for your daily needs with the Bajaj Finserv RBL Bank Freedom SuperCard. This credit card is a unique offering that gives you the power to choose your credit card limit.

To avail this card, all you must do is book a fixed deposit worth Rs. 25,000 or more, and 100% of the amount booked in the FD will be issued as credit limit on the Freedom SuperCard.

That’s not all! You also get additional benefits like industry best annual interest rate of up to 6.85%* on the FD booked, 75% cash withdrawal limit, a savings bank account with an interest rate of up to 6.5%*, unbeatable offers on grocery purchase, travel bookings, fuel purchases, complimentary airport lounge access and much more.

  • Welcome benefit

    Get a bonus of 2000 reward point as a welcome gift on spending ₹ 2,000 within 30 days

  • Credit limit

    Get 100% SuperCard credit limit on Fixed Deposit investment

  • Interest-free cash withdrawal

    Withdraw cash up to 75% of your FD amount from any ATM in India on an interest-free basis for up to 50 days

  • Airport lounge access

    Enjoy the benefit of 4 complimentary domestic airport lounge access in a year (1 per quarter)

  • Fuel surcharge waiver

    Get fuel surcharge waiver up to Rs. 100 per month across any petrol pump

  • Pay with points

    You can pay for your down payment on the Bajaj Finserv partner stores (EMI Network) using the accumulated SuperCard reward points. Minimum reward points required to avail this benefit: 5,000

  • 5% cashback

    Pay for your down payment with SuperCard at any Bajaj Finserv partner store and get 5% cashback on the down payment

  • Spend-based waiver

    Spend Rs. 75,000 in a year and get an annual fee of Rs. 999 for the second year reversed

  • Reward points

    Get 1 reward point for every Rs. 100 spent on regular spends.
    Get 2X reward points on all online spends, except for online purchases made on Education, Insurance, Utilities (including Bills2Pay) and Wallet load. (Max Cap of 1000 RP/month)

  • 3-tier reward points

    Get additional reward points from Bajaj Finserv and Bajaj Finserv partner stores along with Supercard reward points. Redeem these points against any consumer durable loan from Bajaj Finserv

  • Effortless EMI conversion

    Convert your high-end purchases (above Rs. 3,000) into easy EMIs

  • Movie tickets

    Get 1+1 movie ticket on BookMyShow once a month (up to Rs. 200, any day of the week)

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 2.5% +GST per month or 30%+GST per annum
Charge slip retrieval/copy fee Rs. 100
Overdue interest on secured credit cards 2.5% +GST per month or 30%+GST per annum
Over-limit penalty Rs. 600+GST
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. 4000. 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 helpline at the below number:

022-71190900 (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

Q. How will a customer open Digi-saver Account?

A. Customer will automatically receive a link on their registered mobile number to open a Digi-saver account, post completion of the credit card application.

Q. What will happen to the Freedom SuperCard when a customer withdraws the FD after 1 year?

A. The credit card will get cancelled if the customer opts to withdraw the FD at any point.

Q. What is the minimum investment and rate of return for RBL Bank FD sold with Freedom SuperCard?

A. The minimum investment is ₹ 25,000 with an annual rate of return of up to 6.85%* (subject to change).

Q. How can the customer pay the amount for FD?

A. The customer will get a link to open a savings bank account, upon successfully opening the same, the page will redirect to FD payment page which will show the details pertaining FD interest rate and amount invested.

Q. How will a customer receive the interest generated on FD?

A. The customer will receive an interest amount in the savings account. Customer will be given a choice to opt for interest payment frequency – "Monthly", "Quarterly", or "Yearly".

Q. When will the customer receive their Virtual Debit Card?

A. Virtual Debit Card will be available in "MoBank App" within 48 hours of the Digi-saver Account Creation.

Q. What will happen to the FD amount at the time of maturity after 1 year?

A. FD amount will be automatically reinvested.

Q. What is the credit & cash limit for freedom SuperCard?

A. The credit limit will be equal to FD Deposited by the customer. Cash Limit will be 75% of Credit Limit. (A processing fee of 2.5% or Rs.500 whichever higher will be charged upon cash withdrawal.)

Q. Can a customer issue Freedom SuperCard for 3rd party?

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

Q. What if the customer fails to pay the Freedom SuperCard bill?

A. If the customer is not able to pay SuperCard bill even after 50 days past the due date, their card will be blocked and the outstanding amount will be recovered from the Fixed Deposit.

Q. Will customer receive a physical debit card?

A. Digi-saver account comes with a virtual debit card with no annual charges. Hence, no Physical Card will be received.

Q. How can a customer apply for a physical debit card?

A. The customer can apply for a physical debit card through the "MoBank App".

Login to MoBAnk App >> Click on RBL icon on home page >> Manage your debit card >> Apply for physical debit card

Q. Where can a customer use their Virtual Debit Card?

A. Virtual Debit Card can be used for Online Shopping, Recharges, Scan & Pay at merchant outlets or Paying bills.

Q. Where can a customer find the details of their virtual debit card?

A. Customer can access their Virtual Debit Card through the MoBank App.

Login to MoBAnk App >> Click on RBL Icon on Home Page >> Manage your Debit Card >> Find your Virtual Debit card details >> Use your Card number & CVV for all your transactions.

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

A. SuperCard not only comes with the regular features offered by credit cards but also offers features like:

  • Emergency loan at no interest for up to 3 months
  • Cash withdrawal at no interest for up to 50 days
  • Best security features through in-hand security
  • Instant approval/rejection of the application form
  • Attractive discounts and No Cost EMI option on Bajaj Finserv EMI network

Q. ATM cash withdrawals on credit cards are very expensive, how can SuperCard help?

A. In times of an emergency, other bank credit cards offer cash withdrawals with a lot of fees and interest. With SuperCard, you can easily withdraw cash from ATM for up to 50 days at no interest and a flat 2.5% processing fee. The amount that you can withdraw will be dependent on bank policies.

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

A. SuperCard offers a unique feature, where in-case of urgent cash requirement, you can request for an emergency loan by converting your cash limit into a loan for up to 3 months at no interest, and only flat 2.5% processing fee. You can avail of a loan under this offer once a year and the amount that you can convert is dependent on bank policies. You must return the amount in 3 equals monthly instalments.

Q. How safe is my SuperCard from online fraud?

A. 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 mobile app too.

Q. What kind of exclusive offers will I get on SuperCard?

A. You will receive offers and benefits at Bajaj Finserv partner stores like No Cost EMI option, pay with reward points. You can also enjoy cashback, offers, discounts, and much more on your regular online and offline purchases as well.

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)

Q. Why is the card known as SuperCard?

A. The card is known as SuperCard because of the super features available in it. This is a 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, EMI finance options, discounts/cashback on various categories, rewards on every transaction and many other offerings.

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

A. 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 mobile app too.

Q. What kind of exclusive offers will I get on SuperCard?

A. You will receive super benefits at Bajaj Finserv Limited partners like No Cost EMI option** on all your purchases.

Q. Do you have any other login related query?

A. 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.

Q. What are the eligibility criteria to apply for this card?

A. You should be greater than 21 years of age and lesser than 70 years of age.

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* - subject to bank’s discretion

** - at the sole discretion of Bajaj Finserv Ltd.

Pre-Approved Offer