RBL Bank Credit Card Fees and Charges

The bank charges a nominal interest rate if you do not make timely payments or carry forward your dues. The interest rate can be different for multiple credit cards offered by the bank. Here’s the interest rates charged by RBL Bank on their credit cards:

Credit Cards	Interest Rate
Secured Credit Cards	3.30% p.m. (39.60% p.a.)
RBL Bank Insignia Credit Cards	3.75% p.m. (45% p.a.)
Other RBL Credit Cards	3.99% p.m. (47.88% p.a.)

The interest-free period of RBL Bank Credit Card ranges from 20 to 50 days depending upon the specific credit card scheme. It is the period between your last statement date and the current due date. During this period, you do not have to pay the interest accrued on the purchases. However, the interest-free period is not provided if the balance of previous statement cycle has not been cleared. Also, in case of cash withdrawal, the interest rate will be applicable from the date of transaction until it is paid off in full.

RBL Bank credit cardholders can easily withdraw cash through ATMs or visit the bank’s main branch. However, a fee on the cash withdrawal, called advance fee, would be levied for using this facility and an interest amount is also charged.

RBL Credit Card Cash Withdrawal Charges

2.5% of the amount withdrawn or a minimum Rs. 500 Illustration: If you withdraw Rs. 25,000, the applicable fee will be Rs. 625, as 2.5% of Rs. 25,000 is Rs. 625. However, if you withdraw Rs. 5,000, the applicable cash withdrawal fee will be Rs. 500, and not Rs. 125.

Also read: Details regarding credit card cash withdrawal

RBL Credit Card Cash Withdrawal Limit:

Every credit card usually has a cash limit up to which you can withdraw cash. This is not the same as the credit limit, which is the limit up to which you can swipe your credit card.  The cash limit on credit cards is assigned when the credit card is first issued to the customer. Just like credit limit, cash withdrawal limit also varies from cardholder to cardholder. The cash withdrawal limit offered to RBL Bank credit cardholders is mentioned in your monthly statements. You can check your cash withdrawal limit by downloading your credit card statement.

Usually, the cash withdrawal limit offered by RBL Bank varies from 20% to 40% of the total credit limit based on your eligibility. For instance, if you have a total credit limit of Rs. 1 lakh, and your cash withdrawal limit is 40%, then you can withdraw a maximum amount of Rs. 40,000.

Did You Know: When you withdraw cash, the finance charges are applicable along with the cash advance fee. Therefore, it is advisable not to withdraw cash using your credit cards as they incur high interest charges. You should use this facility only in the case of emergency or if it is absolutely necessary.

The annual or renewal fee charged on RBL Credit Cards vary from one variant to another. The annual or renewal fee is charged from second year onwards, on completing the card anniversary year. However, the bank also offers a facility of annual fee waiver on achieving the certain spending milestone. Below mentioned are some of the popular RBL credit cards along with their annual fee:

Credit Card	Annual Fee
RBL Shoprite Credit Card*	Rs. 500
RBL Platinum Maxima Credit Card	Rs. 2,000
RBL World Safari Credit Card	Rs. 3,000
RBL Icon Credit Card	Rs. 5,000
RBL Popcorn Credit Card	Rs. 1,000
RBL Bank Platinum Delight Credit Card	Rs. 1,000
RBL Titanium Delight Credit Card*	Rs. 750
RBL Monthly Treats Credit Card	Rs. 75 per month
RBL Bank Edition Classic Credit Card	Rs. 500

*Annual fee waiver on spending Rs. 1.5 lakh in the previous year.

The forex markup fee or also known as foreign currency transaction fee is charged on your credit card whenever you make an international transaction. This fee is incurred on your transactions outside the country in foreign currency and overseas ATM cash withdrawals. Most of the RBL credit cards charge a forex markup fee of 3.5% of the transaction value. However, some cards that charges a low forex markup fee are listed below:

Credit Card	Forex Markup Fee
RBL World Safari Credit Card	0% of the transacted amount
RBL Bank Edition Classic Credit Card	1.5% of the transacted amount
RBL Insignia Credit Card	1.5% of the transacted amount

Suggested read: Best Credit Cards for International Use

When you fail to pay your credit card bill on time or Minimum Amount Due (MAD). The details regarding late payment fee are as follows:

RBL Credit Card Late Payment Fee

12.5% of the outstanding amount, Min. of Rs. 5 and Max. of Rs. 1,300 Illustration: If your outstanding amount is Rs. 8,000, the late payment fee charged will be Rs. 1,000, as 12.5% of Rs. 8,000 is Rs. 1,000. However, if your outstanding amount is Rs. 25,000, the late payment fee applicable will be Rs. 1,300, as this is the max. fee that the bank can charge.

The over limit fee or penalty is charged when you cross your credit limit. RBL Bank charges an over limit penalty of Rs. 600 in case the outstanding on the card account exceeds the total current limit. Therefore, you should never overspend as if you cross your credit limit, high interest charges will be levied.

RBL Bank allows you to transfer your outstanding credit card bill to new or existing RBL Credit Card. However, the bank charges a processing fee of up to Rs. 750 depending on the tenure you choose. Here are the details regarding the same:

Tenure	Processing Fee	Reducing ROI	Effective ROI
3 months	Rs. 750 or 2.99% (whichever is higher)	NA	NA
6 months	Rs. 499	21%	12.42%
12 months	Rs. 499	21%	11.73%

Some of other fees and charges associated with RBL Bank credit cards are given below:

Type of Fee/ Charge	Amount
Card Replacement Fee	Nil
Cash Payment at RBL Branches	Rs. 100
Reward Redemption Fee	Rs. 99 + GST
Fee on Rental Transaction	1% of the transacted amount
Interest-free Period	20-50 days
Add-on Card Fee	Nil
Overdue Interest Charges	Nil
Minimum Amount Due	5% of total amount or Min. Rs. 200
Duplicate Statement Fee	Nil
Merchant EMI Processing Fee	Rs. 199 + GST

Q. Are there any charges for getting an add-on RBL credit card?

A. No, you can apply for an add-on card with all the RBL credit cards without any joining and annual fee. The add-on cards offered by RBL Bank are lifetime free cards. However, there is a limit on the number of add-on cards you can avail, which varies as per the variant of your card.

Q. What is the interest-free period offered on RBL credit cards?

A. The interest-free period varies from 20 to 50 days, based on the variant of your credit card. However, the interest-free period is not applicable if the previous month’s balance has not been cleared in full or in case of cash withdrawal from an ATM.

Q. Do I have to pay the finance charges even if I pay the minimum amount due on my RBL Bank credit card?

A. Yes, if you pay the Minimum Amount Due (MAD), you will be exempted from the late payment charges but you have to pay the finance charges on the remaining outstanding balance. Therefore, it is advisable to pay the credit card bill in full and on time to protect yourself from high interest charges.

Q. How is interest calculated on RBL Bank credit cards?

A. The interest is calculated on a daily basis and applied to the outstanding balance that remains post due date. In case of cash withdrawal, the interest is applied on a daily basis till the withdrawn amount is paid off.

Q. What is the annual fee charged on RBL credit cards?

A. The annual fee charged on RBL Bank credit card varies from one card to another. The fee charged on credit cards offered by the bank ranges between Rs. 500 to Rs. 5,000. The higher annual fee is charged on the premium credit cards, whereas entry-level or mid-level cards come with a nominal annual fee.

Q. What is the minimum credit card interest rate charged by RBL Bank?

A. The credit card interest rate varies from card to card. However, the interest charged by RBL Bank ranges from 3.75% to 3.99% per month, where 3.30% is the interest rate for secured credit cards.

Q. Who can apply for RBL Bank credit cards?

A. Indian citizens who are above the age of 18 and meet the specific income requirements of a particular credit card can apply for RBL Bank credit card. However, the eligibility criteria vary from card to card. You must check the eligibility criteria required for the specific credit card before applying for one.