Features of the Freedom SuperCard

  • Welcome bonus

    Welcome bonus

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

  • Flexible credit limit

    Flexible credit limit

    Get a SuperCard credit limit that is 100% of your FD amount and get 75% of your credit limit as the cash limit

  • Annual fee waiver

    Annual fee waiver

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

  • Interest-free withdrawal

    Interest-free withdrawal

     No interest on cash withdrawal for up to 50 days

  • Offer on movie tickets

    Offer on movie tickets

    Get 1+1 movie tickets on BookMyShow (any day of the month, up to Rs. 200)

  • Airport lounge access

    Airport lounge access

    Get 4 complimentary domestic airport lounge accesses in a year

  • Rewards on regular spends

    Rewards on regular spends

    Get 1 reward point on every Rs. 100 spent on shopping

  • Rewards on online spends

    Rewards on online spends

    Get 2X reward points on all online spends, except for online purchases made on education, insurance, utilities (including Bills2Pay), rent payments and wallet load

  • Annual savings

    Annual savings

    Savings of up to Rs. 11,500 annually

  • Fuel surcharge waiver

    Fuel surcharge waiver

    Get fuel surcharge waiver of up to Rs. 100 per month

  • Emergency advance*

    Emergency advance*

    Convert your available cash limit into a personal loan for 3 months with zero processing fee and an interest rate of 1.16% per month

The Bajaj Finserv RBL Bank Freedom SuperCard is a unique offering that 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 purchases except for online purchases made on Education, Insurance, Utilities (including Bills2Pay), Rent Payments*, and Wallet Load.

This SuperCard also offers an emergency advance for up to 90 days at no processing fee whatsoever. What’s more, with more than 5,000 reward points, you can make down payments with these points at partner stores on the EMI Network.

*The loan is provided by RBL Bank as per their discretion and is subject to its policies.

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Eligibility criteria

  • Nationality

    Nationality

    Indian

  • Age

    Age

    25 to 65 years

  • Income source

    Income source

    Must have a regular source of income

  • Credit score

    Credit score

    750 or higher

What are the eligibility criteria for getting a credit card?

Bajaj Finserv has easy-to-meet eligibility criteria to apply for a credit card. These include:

  • Age should be within 25 to 65 years
  • You must have a regular source of income
  • Creditworthiness, with a minimum CIBIL score of 750 or higher and no past records of default
  • A residential address which must fall within the SuperCard live locations in the country
  • Applicant must also be an existing Bajaj Finserv customer and Bajaj Finserv EMI Network card holder

What documents are needed to apply for a credit card?

There are 3 primary documents required to get a credit card – photograph, identity proof and address proof. Additional documents may be needed during the application process.

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How to apply for a SuperCard

Applying for the Bajaj Finserv RBL Bank SuperCard is quick and easy:

  1. 1 Click here and enter your mobile number
  2. 2 Submit the OTP you’ve received and check if you have a credit card offer
  3. 3 If you have an offer, please avail of the offer
  4. 4 In case of no offer, submit your details
  5. 5 Get a call from our representative
  6. 6 Submit the necessary documents

Fees and charges

To know about the fees and charges applicable on this credit card, refer the table below

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.

Rs. 100 per cash deposit transaction done at RBL Bank branch and Bajaj Finserv branch effective from 1st July'2022

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 the total amount due (min. Rs. 50, max. Rs. 1,500)

Effective from 1st July'2022 revised late payment charges will be applicable*.

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)

NIL

Duplicate statement fee

NIL

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.

*Late payment charges

Total amount due (Rs.)

Late payment fee (Rs.) 

     Up to 100 

0

     100.01 - 500

100

     500.01 - 5,000 

500

     5,000.01 - 10,000

750

     10,000.01 - 25,000

900

     25,000.01 - 50,000

1,000

     Above 50,000

1,300

The surcharge is applicable on minimum fuel transactions of Rs. 500 and a maximum of Rs. 4,000. The maximum surcharge waiver is Rs. 100 for Platinum SuperCards, Rs. 200 for World Plus SuperCard and Rs. 150 for all other World SuperCards.

* Refer to the IRCTC website for details.
** Transactions at merchant establishments that are registered overseas, even if the merchant is in India, attract a cross-border charge.

*Terms and conditions apply

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Frequently asked questions

How can I open a Digi-saver account?

Once you apply for the SuperCard, a link will be sent to your registered mobile number to open a Digi-Saver account.

What happens if I withdraw the FD in 1 year?

The Freedom SuperCard 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 Fixed Deposit of at least Rs. 15,000 to get the Freedom SuperCard.

How can I book the FD?

To book a Fixed Deposit, click on the link you will receive to open a savings bank account, go to the FD payment page and check the details of the FD and make the payment.

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 to you at the time of booking.

When will I receive my virtual debit card?

The virtual debit card will be available in the "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 and cash limit for the 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, the 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?

The SuperCard can be used to meet credit needs, withdraw cash from ATMs, take a loan and convert purchases into easy EMIs. Will all these features put into 1 credit card, it 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 and a flat 2.5% processing fee. 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 amount is based on your cash limit.

How safe is my SuperCard from online fraud?

The SuperCard has the ‘InControl’ feature, which allows you to control usage remotely.

What exclusive offers will I get with a SuperCard?

Cashback offers, deals at Bajaj Finserv partner stores, No Cost EMI financing*, and much more.

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.

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