How to convert RBL credit card to cash?
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If you want to use your RBL credit card to get cash, you can use the cash advance facility. Here’s how it works:
ATM Withdrawal: You can withdraw cash from an ATM using your RBL credit card, just like a debit card. Use your credit card PIN to complete the transaction.
Cash Limit: RBL sets a specific cash limit for your credit card, which is usually a percentage of your total credit limit. Check your statement or app to know your cash limit.
Fees and Interest: Be aware that withdrawing cash with a credit card comes with high fees and daily interest charges. There’s no interest-free period for cash advances.
Avoid Frequent Use: It’s best to use this option only for emergencies, as the costs can add up quickly.
To find your cash withdrawal limit or to confirm the fees, you can log in to the RBL app or contact their customer care.
To convert your RBL (Ratnakar Bank) credit card to cash, you can use the following options:
1. Cash Advance from ATM: You can withdraw cash from an ATM using your RBL credit card, just like a debit card. However, this comes with high fees and interest rates, so it’s not the best option unless it’s urgent.
2. Via Credit Card to Bank Transfer: Some platforms or services allow you to transfer the credit card limit to your bank account. You would need to check with RBL Bank or third-party services to see if this option is available and if there are any charges involved.
3. Third-Party Payment Services: There are services or apps that allow you to pay bills, shop, or transfer money using your credit card and then access the equivalent value in cash. Make sure to understand any extra fees involved.
4. Personal Loan (if applicable): If you have an RBL credit card, you may also qualify for a personal loan or cash loan against the credit card limit, but this would depend on the bank’s terms.
Remember that withdrawing cash through any method from your credit card usually involves higher interest rates, fees, and charges, so use it wisely!