RBL Bank Icon Credit Card
The RBL Icon is a dining-and-international card with a respectable benefit sheet — 20 reward points per ₹100 (5% at ₹0.25/point) on weekend dining and overseas spend, 2 RP per ₹100 elsewhere, BOGO movie tickets twice a month, 12 golf lessons, a 20,000-point welcome bonus and milestones to 45,000 points (10,000 at ₹3L, +15,000 at ₹5L, +20,000 at ₹8L). Lounge access is 2 visits a quarter on ₹35,000 of prior-quarter spend. The trouble it cannot escape is internal: at a ₹5,000 fee, RBL's own Platinum Maxima Plus serves a similar audience for less, and the Icon rarely does enough extra to justify being the pick — a fine card that is usually the wrong answer within RBL's own range.
Key features
What this card is built to do — the highlights that actually matter.
Welcome Benefit
~₹5,000 in vouchers, points or cashback on card activation
5% on Dining
20 reward points per ₹100 on weekend dining only (~5% at ₹0.25/pt); capped 2,000 pts/month for this category (separate from the international cap). General dining earns the 0.5% base.
5% on International
20 reward points per ₹100 on international spends (~5% at ₹0.25/point); capped 2,000 pts/month for this category (separate from the weekend-dining cap)
️ Airport Lounge Access
2 complimentary visits per quarter at domestic and international airport lounges
Golf Privileges
4 complimentary golf rounds a year plus one golf lesson a month (12 a year), with a 50% discount on green fees beyond the free rounds — Mastercard variant only
Fuel Surcharge Waiver
1% waiver on fuel transactions, capped at ₹200/month
Movie Ticket Benefit
Buy-one-get-one-free movie tickets on BookMyShow, up to ₹200, twice a month
Milestone Bonus
~₹2,500 in bonus rewards on hitting annual spend milestones
Full reward structure
| Category | Type | Rate | Monthly cap |
|---|---|---|---|
| Dining | reward points | 5% | ₹500 |
| International | reward points | 5% | ₹500 |
| Other | reward points | 0.5% | — |
Fees & charges
| Charge | Amount |
|---|---|
| Annual fee (incl. 18% GST) | ₹5,900 |
| Joining fee (incl. 18% GST) | ₹5,900 |
| Finance charge (APR) | 3.99% p.m. |
| Forex markup | 3.5% |
| Fuel surcharge waiver | 1%, cap ₹200 |
| Reward redemption fee | ₹99 |
Perks & benefits
Estimated annual value beyond rewards — ~₹33,250/yr in total.
️ lounge access ~ ₹12,000 /yr
8 domestic airport lounge visits a year (2 per quarter), unlocked by ₹35,000 of eligible retail spend in the previous calendar quarter, plus access to 1,400+ international lounges (chargeable up to $35 per visit)
milestone bonus ~ ₹2,500 /yr
10,000 bonus reward points when eligible annual spend reaches ₹3 lakh
milestone bonus ~ ₹3,750 /yr
A further 15,000 bonus reward points when eligible annual spend reaches ₹5 lakh (25,000 points so far)
milestone bonus ~ ₹5,000 /yr
A further 20,000 bonus reward points when eligible annual spend reaches ₹8 lakh, taking the milestone haul to 45,000 points (the 20,000-point welcome benefit is separate)
movie ticket ~ ₹4,800 /yr
Buy-one-get-one-free movie tickets on BookMyShow, up to ₹200, twice a month
golf ~ ₹4,000 /yr
4 complimentary golf rounds a year plus one golf lesson a month (12 a year), with a 50% discount on green fees beyond the free rounds — Mastercard variant only
fuel waiver ~ ₹1,200 /yr
1% fuel surcharge waiver on fuel transactions between ₹500 and ₹4,000, capped at ₹200 a month
Milestone ladder
- 1₹3,00,000 a year₹2,500 of value
- 2₹5,00,000 a year₹3,750 of value
- 3₹8,00,000 a year₹5,000 of value
Should you get it?
Best for: Weekend diners and international spenders, RBL customers who want lifestyle perks at a mid-premium fee
Mid tier — a solid all-rounder for steady monthly spend.
Strongest value if you spend heavily on Dining ( 5% back).
Frequent travellers benefit from the included airport lounge access.
✓ Pros
- 20 reward points per ₹100 (5%) on weekend dining and international spends
- 20,000-point welcome benefit offsets the joining fee
- Milestones of 10,000 points at ₹3 lakh, 15,000 more at ₹5 lakh and 20,000 more at ₹8 lakh
- Lounge access, golf lessons and 2 movie BOGO offers a month
- 1% fuel surcharge waiver on ₹500–₹4,000 transactions, capped at ₹200 a month
- Fine-dining privileges at premium restaurants
✕ Cons
- Only 2 points per ₹100 on regular weekday spends
- International lounge visits are chargeable beyond domestic
- Best value needs weekend-dining and high-spend behaviour
- Rent, railway bookings and miscellaneous payments earn no reward points
- A ₹99 + GST reward redemption fee applies each day you redeem points
Eligibility & documents
Min. income
₹30,000 /mo
Employment
Salaried · Self-employed
Documents required
- PAN card
- Aadhaar / address proof
- Income proof (salary slips or ITR)
How to redeem rewards
Ways to convert what you earn into real value.
🎁 Redeem reward points for vouchers and products via the RBL rewards catalogue
🎁 Statement credit on eligible spends
🎁 A ₹99 + GST redemption fee is charged once for all redemptions made on the same day
What your RBL Reward Points are worth
Realistic value per point by redemption route — the difference is what most people leave on the table.
Statement credit BEST Standard redemption
Gift voucher catalogue BEST Brand & e-gift vouchers
The concern Its own cheaper sibling (Platinum Maxima Plus) outcompetes it for most diners, and at a ₹5,000 fee the use case where Icon wins is narrow; RBL's service/offer depth also trails the big banks.
The bottom line
The RBL Bank Icon Credit Card offers solid lifestyle perks—including 5% back on weekend dining and foreign transactions, complimentary golf lessons, bi-monthly BookMyShow BOGO tickets, and up to 45,000 milestone points. However, at a ₹5,000 price point, RBL's own Platinum Maxima Plus covers much of the same ground for less, meaning the Icon is best suited only for cardholders who will actively use its specific combination of golf and 5X international spending.
Sources & verification
Fees, reward rates, and benefits for the RBL Bank Icon Credit Card are taken from RBL Bank 's official Most Important Terms & Conditions (MITC) and fee schedule — see the card's official page . Last verified 6 Aug 2026 . Reviewed by Devchandra Sah . Always confirm current details on the issuer's site before applying. How we research →
Independence. CardAdvisor is an independent editorial publication. We are not affiliated with, endorsed by, sponsored by, or authorised to act for RBL Bank . All issuer names, product names, and payment-network marks are the property of their respective owners and appear here for identification and comparison only. Card faces shown on this site are our own original illustrations — we do not display or host issuer card artwork or logos.
Value timeline
Every real-world change to this card's rewards, fees and benefits we've tracked — newest first, each linked to its source.
Tracking since 2016 · 5 changes · last change Jan 2026
▲ Revaluation ▼ Devaluation ◆ Neutral / reversed
2026 1 change — 1 cut
▼ Fee Observed Jan 2026 · Effective 7 Jan 2026
New 1% fee on large FASTag top-ups and toll payments
No FASTag or toll transaction fee → 1% fee on any FASTag-loading or toll-payment transaction above ₹10,000
From 7 January 2026 RBL Bank charges a 1% fee on any single FASTag-loading or toll-payment transaction above ₹10,000, measured per transaction per card, across merchant category codes 4784, 4111 and 4131. Because the threshold is per transaction rather than a monthly aggregate, it bites on one-off large FASTag top-ups rather than on regular commuting; splitting a top-up below ₹10,000 avoids it. The fee sits alongside RBL's existing 1% charges on rent, on utility spends above ₹50,000 a month, on fuel transactions above ₹10,000, and on education payments routed through third-party apps. It is a fee on the transaction, not a change to reward earning — these categories already earn no reward points on most RBL cards.
Verification: RBL Bank ↗ · Confidence: High
2024 2 changes — 2 cuts
▼ Reward Effective 15 Oct 2024
Milestone & reward points excluded on many categories
Most spends counted for milestones/points → Key categories excluded from milestones & points
Effective 15 Oct 2024 RBL narrowed earning on the Icon: bonus milestone points no longer accrue on Fuel & Auto, Utilities, Insurance, Education, Quasi-Cash and similar categories, and no reward points at all on Education, Government Services, Contracted Services, Cash and Bills2Pay. Framed as curbing commercial use, it shrinks the spend base that reaches the ₹3–8 lakh milestones.
Verification: CardAdvisor Research · Confidence: High
▼ Fee Effective 15 Oct 2024
New 1% fee on large fuel & auto transactions
No transaction fee on fuel/auto → 1% on each fuel/auto txn over ₹10,000
From 15 Oct 2024 RBL added a 1% fee on every fuel and auto transaction exceeding ₹10,000, capped at ₹3,000 per transaction, alongside new fees on high-value utility (over ₹50,000/month) and third-party education payments. This is separate from the standard 1% fuel-surcharge waiver on ₹500–4,000 fuel spends, which continues.
Verification: RBL Bank ↗ · Confidence: High
2020 1 change — 1 cut
▼ Redemption Effective 2020
RBL reward-point value cut on voucher redemptions
~25 paise/point → as low as 16–18 paise on vouchers
Around April 2020 RBL quietly devalued its reward-points programme, dropping voucher redemption rates from ~25 paise to as low as 16 paise (Big Bazaar) and 18 paise (Amazon/Flipkart) — a 10–36% haircut that hit Icon holders since the card earns standard RBL reward points. Travel redemptions reportedly held nearer 25 paise. RBL gave no advance notice.
Verification: CardAdvisor Research · Confidence: Reconstructed
2016 1 change — 1 neutral
◆ Launch Effective 2016
RBL Icon launched as dining & international card
RBL Bank introduced the Icon as a premium dining-and-international card: 20 reward points per ₹100 on international spends and weekend dining (2 RP/₹100 base), a 20,000-point welcome benefit, milestones to 45,000 points (10k at ₹3L, +15k at ₹5L, +20k at ₹8L), 2 domestic lounge visits/quarter, Priority Pass and BOGO BookMyShow tickets. Joining/annual fee ₹5,000 + tax. Exact launch date undocumented — it was already in market and reviewed by early 2017.
Verification: CardAdvisor Research · Confidence: Reconstructed
Each change links to the issuer's own document — bank T&C, MITC, notice, press release or product page — where one is public. Where the bank published nothing, it's marked CardAdvisor Research and verified against the card's current terms. Independent of the live terms shown above. This timeline is one card's slice of our market-wide change record across every tracked card.
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Source: RBL Bank Icon Credit Card value timeline — CardAdvisor
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Quick summary
Type Mid credit card
Reward rate 0.5%–5%
Best for Weekend diners and international spenders
Joining fee ₹5,000
Annual fee ₹5,000
Reviewed by
Devchandra Sah · Cards tested, miles earned, trips booked — for over a decade
Last verified 6 Aug 2026
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