How do Credit Cards Work

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Credit Card Interest Rates & Charges

How is Interest Rate Calculated on a Credit Card?

Credit card interest rates are the charges that you pay on the borrowed amount of your Bajaj Finserv RBL Bank SuperCard.

Credit card interest rates are only applicable if the cardholder fails to pay the minimum amount due within the grace period. The minimum amount may also contain interest part. Hence, paying the total amount due helps cardholders avoid paying any additional interest.

How are interest rates calculated?

Credit Card interest rates are applied annually. Hence, the rate is also known as the Annual Percentage Rate (APR). However, the APR is calculated every month on transactions.

Bajaj Finserv provides with low-interest rate Credit Cards at 3.99% per month (47.88% per annum).

Credit Cards with No Annual Fee

The annual fee is a charge required to renew a credit card. Bajaj Finserv provides Credit Cards with no annual fee.

Apply for a Bajaj Finserv Credit Card today and get low-interest rates credit card offers.

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