So been waiting to put up a topic in help you people choose a good debit card out there might be the best one available right now.
There are 2 debit cards i hold from this Banks RBL
1. Signature + [Login to see the link]
2. Enterprise [Login to see the link]
Below is a comparison so that you can choose as per your needs.
| Signature + | Enterprise |
Joining Fees | 5900 [5000AGV]=900 INR | 8850 [8500AGV]=350 INR |
Annual Fees | 1770 | 2360 |
Cashback Utility | 1% [1000/month] | 5% [1000/month] |
Annual Waiver | 3 lakh/year | NIL |
Milestones | 5000 voucher on 5 lakh spend | 2000 voucher on 5 lakh/year |
| | 3000 voucher on 10 lakh/year |
| | 4000 voucher on 15lakh/year |
Forex Markup | Zero | Zero |
Apart from the basic difference other benefits offers are insurances/withdrawal limits per day
Insurance Cover | EDC | SPDC |
Personal Accident - Air accident Cover | 2,00,00,000 | 2,00,00,000 |
Personal Accident - Death Cover | 25,00,000 | 25,00,000 |
Lost card liability up to | 7,00,000 | 6,00,000 |
Cash in transit Liability / ATM assault and robbery up to | 2,00,000 | 2,00,000 |
Loss of checked in baggage up to | 50,000 | 50,000 |
Loss of Passport and travel related documents up to | 25,000 | 25,000 |
Delay of checked in baggage up to | 25,000 | 25,000 |
Purchase protection up to | 1,00,000 | 25,000 |
Now discussing the annual savings
For Signature plus
1000x12=12000 inr [spending 1l/month]
milestone bonus=5000 inr [crossing 5l/year]
so total value after paying 900 rs joining fee is 17000 on annual spends on 12L
For Enterprise
1000x12=12000 [Spending 20k/month]
milestone bonus=9k
so total value after paying 350 rs joining fee is 21000 on annual spends on 15L
NOTE
To be eligible to receive CB for SGP one should do a min of 10k spending/month while for EDC a min of 20k/month is necessary
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Will update thread from time to time .