When you use a credit card to make transactions, you can utilise it within the pre-determined limit and repay the funds within the interest-free window without any extra charges. However, if you miss the payment due date, you incur additional credit card interest. It is calculated as per the applicable credit card interest rates.
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 interest rates calculated as per the same rules.
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.
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 timey repayments to avoid paying added interest on the outstanding amount.