Credit cards are gaining immense popularity over debit cards in the market due to its added benefits. While debit cards are witnessing a steady decline, credit cards are going uphill. The RBL Supercard is one such popular credit card of the Indian financial market offering to its exclusive industry-first features and benefits provided.
However, timely repayments of all outstanding debts are crucial to use the credit beneficially and to maintain a high CIBIL score as well as avoid hefty charges. You can easily use a credit card to improve your credit score by repaying all your liabilities on time. Responsible credit card usage starts with procuring credit card statements.
E-Statements can be generated for each billing cycle. There are various ways in which you can acquire your RBL credit card statement –
- Via Net banking
Logging in to your official account allows you to view your monthly statements. Individuals who have not yet subscribed for this facility can easily do so using credit number and registered phone number.
- Via e-mail
Credit card bills are automatically sent to the registered e-mail ID of the user upon generation. This can be viewed directly from the Inbox or downloaded as well.
- Via mobile app
Most financial institutions have official apps, acting as a comprehensive guide for all users. E-statements depicting the outstanding liability can be viewed from here directly.
However, if you wish to opt for this facility offline, you can call the customer care number of the concerned financial institution and ask for assistance. The relevant official will then guide you through the process step by step.
Repayment of credit card debt on time is essential as it invites negative consequences if the deadline is not met. For this purpose, a grace period is given on all credit card bills, so that the user can meet his/her liability in a comfortable fashion –additional burden is not placed on his/her shoulders.
In the event of failure to repay the debt on time, substantial interest rates are charged on the outstanding amount. It also leads to a reduction in the CIBIL score of an individual. Thus, it is advisable to meet all your liabilities on time.
The value of the RBL credit card statement can be reduced by redeeming the reward points earned throughout the month. Alongside high reward points, there are several other features of this credit card which makes it an attractive option.
There are many intrinsic advantages of the Bajaj Finserv RBL Bank credit card, viz. –
- Interest-free ATM cash withdrawal
In cases of emergency, cash can be withdrawn from standard ATMs at no additional charges, provided the money is repaid within 50 days of transaction. Only a nominal processing fee amounting to 2.5% of the amount borrowed is levied.
- Emergency loans
Personal loans against the available credit limit can be availed on the Bajaj Finserv RBL Bank SuperCard. No interest is charged on this amount and has to be repaid in 3 instalments within 90 days. Bajaj Finserv additionally provides ATM cash withdrawals on the card with an interest-free period of 50 days.
- EMI conversion
In the case of high-value purchases above Rs. 3,000, the repayment can be made via instalments in 3 months.
- Advanced security
The SuperCard provides high-end safety benefits in the form of zero-liability cover, as well as in-hand security to protect the financial interests of the user.
As part of the digitisation of India, credit card such as RBL Supercard plays an essential role in integrating the country with the global economy. It also leads to significant socio-economic development of the country, as it leads to a higher standard of life of the citizens.