Question 1

What is the annual fee on the Insignia Preferred Banking Credit Card and how do you get it waived?

Accepted Answer

The Insignia Preferred Banking Credit Card is a lifetime free card, so there is no joining fee and no renewal fee to recover. Everything you earn on it is net gain, which also means the only thing worth watching is the reward caps and the excluded categories. Check that the card still has no fee on your welcome letter, because RBL Bank prices some variants differently.

RECENT CHANGES

Terms were revised recently — verify current fee, reward and exclusion terms before you apply.

Question 2

What is the reward rate on the Insignia Preferred Banking Credit Card?

Accepted Answer

You earn 10 points per ₹100 on international transactions. Everything else earns 5 points per ₹100. Each point is worth about ₹0.25 when you redeem it well, so ₹10,000 of top category spend gives you 1000 points, roughly ₹250, which is about 2.5% back. Cash withdrawals, EMI transactions, Fees, Charges earn nothing at all.

Question 3

Does the Insignia Preferred Banking Credit Card give free airport lounge access?

Accepted Answer

The Insignia Preferred Banking Credit Card is a lifetime free card, so there is no joining fee and no renewal fee to recover. Everything you earn on it is net gain, which also means the only thing worth watching is the reward caps and the excluded categories. Check that the card still has no fee on your welcome letter, because RBL Bank prices some variants differently.

RECENT CHANGES

Terms were revised recently — verify current fee, reward and exclusion terms before you apply.

Question 4

What changed on the Insignia Preferred Banking Credit Card recently and is it still worth it in 2026?

Accepted Answer

RBL portfolio-wide: reward-exclusion expansion (Oct 2024), spend-based lounge (Jul 2025), reward-point cut. The changes are dated Oct 15, 2024; Jul 2025. It costs nothing to hold, so keep it as a backup card and stop treating it as your main one if your top category no longer earns.

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Insignia Preferred Banking Credit Card

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