Credit card transaction over debit card ones increases by 9.4% year on year. According to a recent study, the number of transactions using a credit card was calculated to be approximately around 129.8 million by January 2018.
To enhance the experience of users, credit card issuers have introduced products with several features. You can also avail emergency loans by converting your credit card limit into advances now.
The Bajaj Finserv RBL Bank SuperCard is one such product that offers the same. It also offers competitive RBL credit card interest rates.
The RBL credit card also provides you with other features and benefits as discussed below.
Benefits and features:
Applicants get to earn welcome rewards to sign up for the credit card for the first time.
Applicants can avail interest-free emergency personal loan up to 90 days. To avail these urgent advances, you will be charged with a minimal processing fee. You can convert your Bajaj credit card limit to a personal loan without any hassle using a mobile app.
You can apply for a credit card on the official website of your card issuer. To apply, fill an online application form with your personal and financial details like name, contact details, income, etc. You will receive an OTP on your registered phone number after you submit your application form. Provide the OTP and furnish the required documents to complete the application process.
Make sure to know the Interest rates, processing fees, etc.; these are some of the things to know before applying for a credit card.
Relaxed eligibility criteria
The Bajaj credit card provides you with relaxed eligibility criteria to make it accessible to its users.
The eligibility criteria are:
Should be between the age of 25 and 65 years.
Must hold a CIBIL score of 750 or above.
Should be a resident of India residing in any of the cities where your card issuer operates.
Additionally, to avail credit cards with lower interest rates, you should not have any outstanding dues and should not have defaulted on payments.
Minimum required documents
While you apply for a credit card online, you will have to provide some specific papers like:
Residence proof – such as water bills, gas bills, telephone bills, electricity bills, etc.
KYC documents – like Aadhaar card, PAN card, voter ID, passport, driving license, etc.
Additionally, you will have to submit passport-sized photographs. You may also have to provide a few other documents depending on your occupation.
ATM cash withdrawal
You are also eligible to withdraw cash from an ATM with 0% RBL credit card interest rates. This facility is available up to 50 days. Against these ATM transactions, you are required to pay a minimal processing fee.
Credits cards like Bajaj Finserv RBL Bank SuperCard offers ATM withdrawal facilities, emergency loans, welcome bonuses and other lucrative benefits. You also get to enjoy seven variants of cards that you can choose from depending on your lifestyle and financial requirements.
On these credit cards, you also get pre-approved offers that reduce the hassle of the application process. These pre-approved offers are also available on other financial products like home loans, personal loans, business loans, etc. To check your pre-approved offer, you will have to share your phone number and your name.
You will also get to earn bonuses in the form of reward points against specific purchases using your card. These reward points can be redeemed anytime in the future. With the help of these reward points, you can lower your credit card bills and reduce the burden on your pocket at the time of payment.
Besides the above, you get instant approval, lower RBL credit card interest rates with which you can reduce your EMIs, etc. Credit cards provide you with up to 45 days of grace period along to make your payment. Making your bill payments within the grace period helps you avoid interest rates and hefty penalties while also improving your CIBIL score.