There are several benefits of using a credit card. You can utilise a credit card to make transactions within the predetermined or preset credit limit, and repay the amount within the interest-free period without incurring any additional charges. However, you also have to be mindful about the credit card interest rates, and penalty charges you will face if you do not pay your credit card dues on time. If you miss the payment due date, you will incur additional credit card interest. Credit Card interest rate is charged on a per month basis at an APR of up to 3.99%. These charges come with an interest-free period of up to 50 days. The RBL Bank Credit Card interest rate is charged on per month basis at an APR of up to 3.99%. It is applicable for all the types of RBL Bank Credit Card.
It is the rate at which interest on your utilised credit limit is calculated once you default on the bill payment within the payment due date. The Bajaj Finserv RBL Bank SuperCard comes with applicable RBL Credit card emi interest rates calculated as per the same rules.
Now when you know what is credit card interest rate, apply for Bajaj Finserv RBL Bank SuperCard which comes with an interest-free period of up to 50 days. Utilise the card and make timely repayments to avoid paying added interest on the outstanding amount.