RBL Bank Credit Card Fees and Charges

RBL Bank provides a range of credit cards designed for different needs, such as shopping, dining, and travel. While these cards offer great benefits, they do come with certain fees and charges. Continue reading to discover the details of RBL credit card fees, including costs for cash withdrawals, balance transfers, foreign transactions, and other related charges.

RBL Bank Cash Advance Fee

When you withdraw cash using your RBL Bank credit card, a cash advance fee applies. The fee is 2.5% of the withdrawn amount, with a minimum charge of Rs.500. For example, if you withdraw Rs.10,000, the transaction fee would be Rs.250, which will be added to your bill.

RBL Credit Card Cash Withdrawal Limit

RBL Bank provides a cash withdrawal option on its credit cards, but each card comes with a specific maximum limit. To know the exact limit for your card, it’s recommended to contact a bank representative.

Apply for Top RBL Bank Credit Cards with MybankingTips

Apply Now

RBL Credit Card Interest-free Period

RBL Bank Credit Cards offer an interest-free period ranging from 20 to 50 days, depending on the specific card type. This is the time between your last statement date and the due date for the current payment. During this period, no interest is charged on your purchases.

However, if the balance from your previous statement is not cleared, the interest-free period will not apply. Additionally, for cash withdrawals, interest is charged from the date of the transaction until the full amount is paid off.

RBL Credit Card Interest Rate

RBL Bank charges an interest rate on credit cards if you fail to make timely payments or carry a balance. The interest rates vary depending on the type of credit card. For secured credit cards, the rate is 3.30% per month (39.60% per year). For RBL Bank Insignia credit cards, the rate is 3.75% per month (45% per year). Other RBL credit cards carry an interest rate of 3.99% per month (47.88% per year).

Apply for Top RBL Bank Credit Cards with MybankingTips

Apply Now

How to Withdraw Cash Using an RBL Bank Credit Card

To withdraw cash using your RBL credit card, follow these simple steps:

  1. Visit an RBL Bank ATM or any other bank's ATM.
  2. Insert your credit card into the ATM slot.
  3. Select your preferred language and choose the cash withdrawal option.
  4. Enter your PIN, and the cash will be issued.

Advantages and Disadvantages of RBL Bank Cash Advance Facility

Advantages:

  • Withdrawals can be made from any ATM, not just RBL Bank ATMs.
  • It is Simple and quick process for cash withdrawal.
  • No need for documentation or prior bank approval.
  • Provides a backup option during emergencies.

Disadvantages:

  • There is no interest-free period for cash advances.
  • Cash advances come with an additional transaction fee.
  • Interest is charged on the entire withdrawn amount from the day of the transaction.
RBL Credit Cards

FAQs

Yes, RBL Bank cards offer an interest-free period of 20 to 50 days for purchases. However, this doesn’t apply to cash withdrawals, where interest is charged from the transaction date.

The cash advance facility is quick, doesn’t require approval, and works at any ATM. But it has no interest-free period, comes with a transaction fee, and interest starts from the day you withdraw cash.

The interest rate depends on your card type. For secured credit cards, it is 3.30% per month. Insignia cards have a rate of 3.75% per month, while most other RBL cards charge 3.99% per month.

The cash withdrawal limit depends on your specific RBL Bank credit card. You can contact an RBL Bank representative to find out your card’s exact limit.

Apply for Top RBL Bank Credit Cards with MybankingTips

Apply Now

Please click the links below to find details and instructions related to RBL Bank Credit Cards that can help you in easily managing your card:

RBL Bank Credit Cards

Credit Card by Banks

Related Articles

Best Credit Cards For