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The Bajaj Finserv RBL Bank SuperCard interest rate is one of the most important things to know about the card. This interest rate is subject to change from time to time, depending on the bank’s policies. As of May 2023, the interest rate on Bajaj Finserv RBL Bank SuperCards on retail and cash transactions can go up to 3.99% + GST p.m. (up to 47.88% + GST p.a.).

 

Interest is levied at the rate applicable only on the balances that remain unpaid even after the interest-free credit period. So, if you own a Bajaj Finserv RBL Bank SuperCard, you need to ensure that you pay the credit card bill on time. This will help you avoid incurring interest charges on the unpaid balance. 

Interest Rate on RBL Bank SuperCard 

The exact Bajaj Finserv RBL Bank SuperCard interest rate may vary from one card holder to another. However, as per the bank’s terms and conditions, the interest rate or the Annual Percentage Rate (APR) on these credit cards is as follows.

Name of the Credit Card

Interest Rate

Bajaj Finserv RBL Bank Platinum Choice SuperCard

Up to 3.99% + GST per month or 47.88% + GST per annum

Bajaj Finserv RBL Bank Platinum Choice SuperCard FYF

Up to 3.99% + GST per month or 47.88% + GST per annum

Bajaj Finserv RBL Bank Platinum Plus SuperCard

Up to 3.99% + GST per month or 47.88% + GST per annum

Bajaj Finserv RBL Bank Platinum Plus SuperCard FYF

Up to 3.99% + GST per month or 47.88% + GST per annum

Bajaj Finserv RBL Bank Binge SuperCard 

Up to 3.99% + GST per month or 47.88% + GST per annum

Bajaj Finserv RBL Bank Binge SuperCard FYF

Up to 3.99% + GST per month or 47.88% + GST per annum

Factors that Affect the Credit Card Interest Rate

The interest rate on Bajaj Finserv RBL Bank SuperCards is influenced by a number of factors. Getting to know these factors can help you obtain a favourable Bajaj Finserv RBL Bank SuperCard interest rate when you apply for the card. 

1. Prime Rates

Credit card interest rates may vary based on the prime rates or prevailing interest rates in the market. This is particularly true if the interest rate on the credit card is a variable APR. 

2. Credit History

The bank also looks at your credit history and your credit score to determine the Bajaj Finserv RBL Bank SuperCard interest rate. If you are creditworthy, you may get a favourable interest rate.

3. Promotional Offers

Occasionally, the bank may run promotional offers that reduce the interest rate on Bajaj Finserv RBL Bank SuperCards. Such offers also affect the APR on the credit card for the specified period. 

4. Payment History

If you have been prompt with your past credit card payments, you may be eligible for more favourable Bajaj Finserv RBL Bank SuperCard interest rates when you apply for the card. 

How is Credit Card Interest Calculated

Now that you know all about Bajaj Finserv RBL Bank SuperCard interest rates, you may want to know how to use this information to calculate the interest due. Check out the formula given below for more clarity on how to go about this process. 

Interest due on each unpaid transaction 

= (Number of days counted from the date of transaction made x Outstanding transaction amount x Interest rate per month x 12 month) ÷ 365

So, consider the following details as a hypothetical example. 

 

  • Transaction date: June 1, 2023

  • Transaction Amount: ₹10,000

  • Amount Due Date: June 27, 2023

  • Monthly interest rate on unpaid credit card bill: 3.99%

Assuming no partial payment has been made, the amount of interest due on any given date (say July 6, 2023) will be as follows.

1. Interest due on each unpaid transaction:

= (Number of days counted from the date of transaction made x Outstanding transaction amount x Interest rate per month x 12 month) ÷ 365

= (36 days x ₹10,000 x 3.99% x 12) ÷ 365

= ₹472.24

What is the Interest-Free Period in the Bajaj Finserv RBL Bank SuperCard?

The interest-free period in the Bajaj Finserv RBL Bank SuperCard is the period between the start of a billing cycle and the payment due date. The duration depends on the terms and conditions set by the card issuer. During this period, no interest will be levied on the payments or purchases made using the Bajaj Finserv RBL Bank SuperCard. However, the interest-free credit period will only be applicable if all previous outstanding balances have been paid in full.

FAQs on Bajaj Finserv RBL Bank SuperCard Interest Rate

The interest charges or finance charges on a Bajaj Finserv RBL Bank SuperCard are levied at an APR of up to 3.99% + GST p.m. (up to 47.88% + GST p.a.)

The interest rates on your Bajaj Finserv RBL Bank SuperCard are determined by the card issuer on the basis of a number of factors. It cannot be calculated using a generic formula.

The Bajaj Finserv RBL Bank SuperCard interest rates depend on various factors, including your credit score and credit history. By repaying your dues promptly and keeping your credit score high, you can ensure that you are eligible for favourable interest rates on your Bajaj Finserv RBL Bank SuperCard.

To avoid incurring interest on your Bajaj Finserv RBL Bank SuperCard, you need to pay your dues in full before the due date.

Yes, the interest-free period on the Bajaj Finserv RBL Bank SuperCard is the duration during which no interest is levied on the transactions made. You can check the terms and conditions of your credit card to identify the interest-free period.

There are several factors that will influence Bajaj Finserv RBL Bank SuperCard interest rates. These factors include your credit score, payment history, promotional offers and the prevailing interest rates in the market.

Yes, the interest rate on Bajaj Finserv RBL Bank SuperCard may vary from customer to customer. It depends on several factors including the credit score and payment history of the customer. If your credit score is good, you may get a favourable interest rate.

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