What is minimum amount due in RBL credit card?
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The minimum amount due on an RBL credit card is the smallest amount you must pay by the due date to avoid late fees. It is usually 5% of your total outstanding balance or a fixed amount like ₹200, whichever is higher. It also includes any EMI or overdue payments. Paying only the minimum keeps your card active but leads to interest charges on the remaining balance.
The minimum amount due on an RBL credit card is generally a percentage of your total outstanding balance, typically around 5% of the total due amount, along with any applicable fees. This means that if you owe ₹10,000, your minimum payment might be around ₹500. However, this can vary depending on your specific card type and any additional charges or fees you may have incurred during the billing cycle
It’s really important to pay at least this minimum amount to avoid late fees and additional interest charges. If you’re unsure of the exact minimum due for your card, you can check your monthly statement or log in to your RBL Bank online account for the most accurate and updated information.
For more detailed information, you can visit RBL Bank’s official website.