Credit Card Talk with Aashvi

RBL Bank is a private sector bank in India that offers a range of financial products and services, including credit cards. The RBL Bank Edition credit card is a co-branded credit card offered by RBL Bank in partnership with a particular brand or retailer. This type of credit card typically offers exclusive discounts, rewards, and other benefits for cardholders when they use the card to make purchases at the partnering brand or retailer.

Some of the features and benefits of the RBL Bank Edition credit card may include:

• Rewards program: Cardholders may be able to earn reward points for every purchase made using the card, which can be redeemed for a variety of rewards, such as discounts on future purchases, gift vouchers, and more.
• Exclusive offers and discounts: Cardholders may be able to access exclusive offers and discounts from the partnering brand or retailer when they use the card to make purchases.
• No annual fees: Some RBL Bank Edition credit cards may not have an annual fee, which means cardholders do not have to pay a yearly fee to maintain the card.
• Interest-free period: Cardholders may have an interest-free period during which they do not have to pay interest on their card balances as long as they pay their balances in full before the end of the period.

It's important to carefully review the terms and conditions of any credit card, including the RBL Bank Edition credit card, to understand all the fees, charges, and other details of the card.

BPCL SBI Credit Card

One of the most attractive fuel cards in India’s credit card segment, BPCL SBI Card is a boon to those who ride bikes, cars, and other vehicles on the road. With attractive cashback and reward points on fuel spending, this card is all set to appeal to those refilling their vehicles. Even though it’s a fuel card, there are reward points and other offers applicable to spends other than made on fuel.

1. Up to 13X Reward Points:

You can earn up to 13X reward points on your fuel transactions at BPCL petrol pumps. Besides this, you can also earn up to 5X reward points on other selected categories as per the below details:

• 4.25% value back (13X reward points equivalent to 3.25% + 1% fuel surcharge waiver on every transaction of up to Rs. 4,000) at any BPCL petrol pump.
• 5X reward points on every Rs. 100 spent at groceries, departmental stores, movie tickets, and dining (Up to 5,000 reward points per month).
• 1 reward point for every Rs. 100 spent on non-fuel retail purchases.

2. Fuel Freedom Benefits:

Annually you can save Rs.1,200 by availing the surcharge waiver on Fuel refills, subject to a limit of 100 waivers in a month. That is, the maximum limit is Rs.10,000 worth of fuel refills in a month. There is no minimum threshold and you avail the benefit on all transactions up to Rs. 4,000. So, you save the cost of 70 Liters of fuel annually with BPCL SBI Card.

3. EMI Balance Transfer:

You can save money while paying off your credit card debt with the SBI Card by transferring the number of your existing credit cards to the BPCL SBI Card at a reduced rate. You can set manageable EMIs based on your ability to make payments.

Drawbacks of Delayed Credit Card Payment

A delayed credit card payment is a payment that is made after the due date. Credit card issuers typically set a due date for each billing cycle, and if you don't pay your bill by that date, your payment is considered to be delayed.

There are several drawbacks to making a delayed credit card payment:

1. Late fees: If you make a payment after the due date, you will likely be charged a late fee. These fees can be steep, and they can add up quickly if you consistently make late payments.

2. Interest charges: If you carry a balance on your credit card, you will accrue interest charges on that balance. If you make a late payment, you may be charged a higher rate of interest for a period of time.

3. Credit score impact: Late payments are reported to the credit bureaus and can negatively impact your credit score. A lower credit score can make it more difficult to get approved for credit in the future or result in higher interest rates on loans and credit cards.

4. Loss of promotional offers: Some credit card issuers offer promotional interest rates or other perks to cardholders who pay their bills on time. If you make a late payment, you may lose access to these promotions.

5. Difficulty making future payments: If you consistently make late payments, it can be difficult to get back on track with your payments. You may find yourself in a cycle of late payments, which can be difficult to break.

It's generally a good idea to pay your credit card bills on time to avoid these drawbacks. If you're having trouble making your payments, it's important to contact your credit card issuer as soon as possible to discuss your options.