When it comes to making transactions, credit cards offer complete freedom which debit cards fail to give.
You earn reward points with every transaction, fuel surcharge waiver, free movie tickets, offers on dining, complimentary airport lounge access, welcome bonus, milestone bonus, and a whole lot of other features and benefits. Plus, you get to purchase expensive products on EMIs easily using credit cards.
Thus, they are your number 1 option for not only making purchases but also other transactions like utility bill payments.
Amidst all of these, you have to ensure that you make your, say, RBL credit card online payment in due time. Paying the outstanding dues of your Bajaj Finserv RBL Bank SuperCard or any other card within the deadline is critical primarily for two reasons.
Avoiding high-interest rates
Credit cards come with high-interest rates. These rates are applicable only after you fail to pay the minimum bill amount within the due date.
Interest rates on credit cards are imposed on a daily basis. Hence, the more you delay the payment, the higher your outstanding dues become.
Further, you may also have to pay late payment fees in addition to interest when you fail to clear the dues within time.
Lowering your credit score
Your credit score vouchers for your creditworthiness. The higher the score, the more creditworthy you are.
Failure to pay this bill within the time limit will directly affect your credit score. The extent to which your score goes down may depend on various factors.
Timely payments are the key to avoid all of the above. In case you are forgetful, you can avail various facilitates for paying your card bill automatically every month.
Some of these facilities include:
National Automated Clearing House (NACH)
The NACH facility lets you connect your account with the card. You can avail this facility in case the account from where you want to pay the card’s bill is in another financial institution.
You have to fill a mandate form providing your personal details, card details, account details, etc. Submit the form to the card issuing company to activate the NACH facility.
You can provide a standing instruction to the card issuer, provided your account is present with them. This facility will automatically debit the fund from your account to pay your outstanding dues.
Other than the above, you can also opt for the following RBL credit card online payment modes:
Use the RBL MyCard app to pay your Bajaj Finserv RBL Bank SuperCard bill. This app lets you pay via internet banking or debit card of either RBL Bank or other financial institutions.
Visit the official website of RBL Bank to make the credit card payment via internet banking. Log in with your user ID and password, and select your card. Choose the amount you want to pay: total or minimum. Your account will be debited accordingly.
BillDesk provides you with an option to pay your outstanding dues from their website. Simply scan the QR code in your monthly statement to access the website quickly.
National Electronic Funds Transfer (NEFT)
Access your account present in another financial institution for credit card online payment through NEFT.
Under “Fund transfer”, choose NEFT and provide your name and card number. Provide “RBL Bank” as the bank name, “RATN0CRCARD” as the IFSC code, and “NOC Goregaon, Mumbai” as the branch location.
In addition to the above, you can pay your SuperCard bill via cash or cheque by visiting the nearest Bajaj Finserv branch.
This credit card brings you several industry-first features and benefits. You can avail an interest-free emergency loan for up to 90 days, withdraw cash from ATM and repay it without any interest for up to 50 days.
This card also gives you welcome bonus, milestone bonus, free movie tickets, complimentary airport lounge accesses of up to 8 times, fuel surcharge waiver of up to Rs. 200 per month, and many more perks.
Additionally, Bajaj Finserv gives pre-approved offers which save you time when availing financing. Pre-approved offers are available with credit cards and other unsecured loans (personal loans, business loans, etc.) and secured loans (home loans, loans against property, etc.). Just provide only your essential details to have a look at your pre-approved offer.
Use the payment modes mentioned above to clear your outstanding dues in time to avoid high-interest rates and thus, increase your credit score.