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How old is RBL Bank?
RBL Bank started in 1943 in Maharashtra, India. It began as a small bank for local people and businesses and has grown into a big bank offering services like loans, investments, and personal banking. In 2014, it got a license from the Reserve Bank of India to expand. Now, RBL Bank uses digital bankiRead more
RBL Bank started in 1943 in Maharashtra, India. It began as a small bank for local people and businesses and has grown into a big bank offering services like loans, investments, and personal banking.
In 2014, it got a license from the Reserve Bank of India to expand. Now, RBL Bank uses digital banking, allowing customers to do their banking on their phones, like sending money and paying bills. It has become popular with younger customers and is a major player in Indian banking!
See lessIs RBL Bank approved by RBI?
Yes, RBL Bank is approved by the Reserve Bank of India (RBI). This means it follows all the rules to be a safe bank in India. RBL Bank started in 1943 and offers many services like savings accounts, loans, and credit cards. Being approved by the RBI means RBL Bank is safe and trustworthy. The RBI chRead more
Yes, RBL Bank is approved by the Reserve Bank of India (RBI). This means it follows all the rules to be a safe bank in India. RBL Bank started in 1943 and offers many services like savings accounts, loans, and credit cards.
Being approved by the RBI means RBL Bank is safe and trustworthy. The RBI checks to make sure the bank protects your money.
See lessHow do I increase my RBL credit limit?
To increase your RBL credit card limit, follow these simple steps: Keep a good credit score – Pay your bills on time and don’t use all your card limit. Banks like when you use your card wisely. Apply for a limit increase – You can do this online or visit an RBL branch. You may need to show your salaRead more
To increase your RBL credit card limit, follow these simple steps:
Keep a good credit score – Pay your bills on time and don’t use all your card limit. Banks like when you use your card wisely.
Apply for a limit increase – You can do this online or visit an RBL branch. You may need to show your salary slip or bank statement.
RBL might increase it automatically – If you’ve been using your card well for a long time, they may raise your limit without you asking.
See lessRBL Platinum Maxima Credit Card
What happens if I don't spend Rs. 2 lakh or Rs. 3.5 lakh annually?
What happens if I don’t spend Rs. 2 lakh or Rs. 3.5 lakh annually?
See lessRBL Bank World Prime Supercard
The emergency advance loan with the RBL World Prime Supercard works by converting your available credit limit into a personal loan. Compared to a regular personal loan, it’s faster since you’re using your existing credit limit—there’s no long approval process. You can get the money almost immediatelRead more
The emergency advance loan with the RBL World Prime Supercard works by converting your available credit limit into a personal loan. Compared to a regular personal loan, it’s faster since you’re using your existing credit limit—there’s no long approval process. You can get the money almost immediately, which is great in urgent situations.
As for the 2.5% processing fee, it’s fairly reasonable because there’s no interest for up to 3 months. Regular personal loans usually come with both processing fees and interest charges, so this could be a good deal if you can repay within that 3-month period. Just make sure you’re comfortable with the fee upfront!
See lessRBL Bank World Prime Supercard
For the lounge access with the RBL World Prime Supercard, the 8 complimentary visits are typically valid at select domestic airport lounges across India. You can use these free visits throughout the year, but they are only available at specific airports that have partnered with RBL Bank. It’s a goodRead more
For the lounge access with the RBL World Prime Supercard, the 8 complimentary visits are typically valid at select domestic airport lounges across India. You can use these free visits throughout the year, but they are only available at specific airports that have partnered with RBL Bank. It’s a good idea to check with the bank or their website to see the full list of lounges where this benefit applies.
See lessRBL Bank World Prime Supercard
Hey! So, regarding the annual fee of Rs. 2,999 for the RBL World Prime Supercard, it looks like it’s not automatically waived based on your spending. It seems fixed, meaning you’ll have to pay that amount regardless of how much you spend. Some other cards waive the fee if you hit a spending thresholRead more
Hey! So, regarding the annual fee of Rs. 2,999 for the RBL World Prime Supercard, it looks like it’s not automatically waived based on your spending. It seems fixed, meaning you’ll have to pay that amount regardless of how much you spend. Some other cards waive the fee if you hit a spending threshold, but from what I see here, this one doesn’t offer that perk. However, considering the rewards and benefits, they might consider it justified.
See lessRBL Bank Credit Card EMI
If my credit limit is blocked during the EMI repayment period, what happens if I need to make a large purchase in the meantime? How quickly is my credit limit restored?
If my credit limit is blocked during the EMI repayment period, what happens if I need to make a large purchase in the meantime? How quickly is my credit limit restored?
See lessIf I pay the minimum due amount instead of the total due. What would be the interest for the remaining amount of the SBI Credit card?
Hey brother, here’s what happens if you pay only the minimum due on your SBI Credit Card: Minimum Due Explained: It’s usually around 5% of your total outstanding balance. Paying it avoids late fees, but doesn’t clear your debt. Interest Accrues on Remaining Balance: If you don’t pay the full balanceRead more
Hey brother, here’s what happens if you pay only the minimum due on your SBI Credit Card:
Minimum Due Explained: It’s usually around 5% of your total outstanding balance. Paying it avoids late fees, but doesn’t clear your debt.
Interest Accrues on Remaining Balance: If you don’t pay the full balance, interest kicks in on the unpaid amount. This interest is around 2.5% to 3.5% monthly (30-42% annually).
No More Interest-Free Period: You lose the interest-free window for new purchases. Interest will start from the day you make a new transaction.
Daily Interest Calculation: Interest is calculated daily on your remaining balance, making it stack up quickly if you keep paying the minimum.
Compounding Debt: The longer you pay just the minimum, the more interest you owe. It can lead to a debt spiral, where your balance grows even if you keep making payments.
Solution:
Pay More than the Minimum: Even paying a bit more can reduce the interest burden.
See lessClear Full Balance When Possible: This avoids interest altogether.
Consider EMI: For big purchases, convert them into EMIs to spread the cost with lower interest.
Paying the minimum is fine for emergencies, but doing it often can be expensive.
What are the annual fees or charges for an SBI bank credit card? How can we avoid them?
Hey bro, here’s what you need to know about SBI credit card fees and how to avoid them. Annual Fees for SBI Credit Cards SBI SimplyCLICK Credit Card – ₹499 SBI IRCTC Credit Card – ₹500 SBI Card ELITE – ₹4,999 SBI Card PRIME – ₹2,999 SBI Card UNLIMITED – ₹1,499 Each card has different benefits, but tRead more
Hey bro, here’s what you need to know about SBI credit card fees and how to avoid them.
Annual Fees for SBI Credit Cards
SBI SimplyCLICK Credit Card – ₹499
SBI IRCTC Credit Card – ₹500
SBI Card ELITE – ₹4,999
SBI Card PRIME – ₹2,999
SBI Card UNLIMITED – ₹1,499
Each card has different benefits, but the fees can stack up if you’re not careful.
Other Common Charges
Late Payment Fee: ₹100 – ₹1,000 if you miss the due date.
Overlimit Fee: ₹500 – ₹1,000 if you exceed your credit limit.
Cash Withdrawal Fee: 2.5% of the amount or ₹300, whichever is higher.
Foreign Transaction Fee: 3.5% on international spends.
How to Avoid These Fees?
Pick a Card That Fits Your Spending
Some SBI cards waive annual fees if you spend a certain amount in a year.
Hit Spending Targets
Many cards waive fees if you meet spending criteria. Check what your card offers and try to hit that target.
Pay on Time
Avoid late fees by paying on time. Set reminders or automate payments.
Stay Within Limits
Keep an eye on your spending to avoid overlimit fees.
Use Points and Cashback
Use your rewards to offset fees, or get cashback where possible.
Call SBI and Negotiate
Sometimes, if you’ve been a good customer, you can call SBI and ask them to waive your annual fee.
That’s pretty much it! Stick to these tips, and you can avoid or reduce a lot of those fees. Let me know if you need anything else!
See less