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RBL Bank Credit Card Fees and Charges

Home Credit Card RBL Bank Credit Card Fees and Charges

RBL Bank offers numerous credit cards for varying individual needs, whether it is shopping, dining or travelling. However, you have to bare some fees and charges to avail benefits across multiple categories. Read on to know all about RBL credit card fees and charges along with additional details like cash withdrawal, balance transfer, foreign currency transactions and much more.

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Updated: 28-08-2025 05:47:40 AM

Each of the RBL Bank credit cards is packed with features and benefits. But, these benefits come at a price that you have to pay in order to enjoy continued services. These charges are applicable as per your usage and vary from cardholder to cardholder. Below mentioned are the details regarding fees and charges associated with the credit cards offered by RBL Bank:

RBL Credit Card Charges
Interest Rate/ Finance Charges Interest-free Period Cash Withdrawal Charges
Annual Fee Forex Charges Late Payment Charges
Over Limit Fee Balance Transfer Other Fees & Charges
RBL Credit Card Interest Rate
When does RBL charge Credit Card Interest Rate
How RBL Credit Card Interest Rate is Calculated
RBL Credit Card Interest-free Period
RBL Credit Card Cash Withdrawal Charges
RBL Credit Card Annual/ Renewal Fee
RBL Credit Card Forex Charges
RBL Credit Card Late Payment Charges
RBL Credit Card Over Limit Fee
RBL Credit Card Balance Transfer
Other Fees & Charges on RBL Credit Card
RBL Credit Card Fees & Charges: FAQs

RBL Credit Card Interest Rate

The bank charges a nominal interest rate if you do not make timely payments or carry forward your dues. The interest rate can be different for multiple credit cards offered by the bank. Here’s the interest rates charged by RBL Bank on their credit cards:

Credit Cards Interest Rate
Secured Credit Cards 3.30% p.m. (39.60% p.a.)
RBL Bank Insignia Credit Cards 3.75% p.m. (45% p.a.)
Other RBL Credit Cards 3.99% p.m. (47.88% p.a.)

When does RBL charge Credit Card Interest Rate

RBL Bank Credit Card finance charge comes into effect when you fail to make the complete payment of credit card bill by the due date. The finance charge for all such transactions is payable at a daily percentage rate until the complete amount is paid off. Here are a few other scenarios where credit card interest comes into play:

Cash Withdrawal: Cash withdrawals incur RBL Bank credit card interest rate from the date of transaction until the amount that was withdrawn is paid off.

Partial Payment: Here the interest is calculated in the following manner:

  • Interest rate is applied to the full outstanding amount from the date of transaction till the date of partial payment
  • After partial payment, the remaining amount also incurs interest rate till the next statement generation date

Carrying the Balance Forward: In case the outstanding amount is carried into the next statement cycle, then cardholders have to pay the interest on it.

Note: If you fail to clear the full outstanding amount, then you cannot enjoy the interest-free period on any new purchases.

Suggested read: What is credit card interest rate and how is it calculated?

How RBL Credit Card Interest Rate is Calculated

RBL Bank charges an interest rate of 2.50% to 3.99% per month, depending on the card. It is calculated by considering facts like transaction date, transaction amount, due date, total amount due and much more. To understand how interest rate is calculated, let’s take an example along with the below assumptions:

Assumptions Made
Credit Card Interest Rate 3.50% p.m./ 42.00% p.a.
Transaction date 1 July 2021
Transaction Amount Rs. 10,000
Statement Date 6 July 2021
Total Amount Due Rs. 10,000
Amount Due Date 26 July 2021
Next Statement Date 6 August 2021

Failure of payment of the minimum amount due; Rs. 500 (5% of the total outstanding amount; 10,000) by 26 July will result in accumulation of interest as well as late payment fee. The interest will be applied on a per-day basis from the date of the transaction until it is paid off.

Still, if you pays 50% of the outstanding amount on 21 July 2021 and doesn’t make other purchases on the card till the next statement generation date; 6 August 2021. Then the total interest accumulated will be:

Interest Amount = Interest on the total due amount from the transaction date to partial payment date + Interest on the remaining amount from the day after the date of payment to the next statement generation date

Interest from Date of the Transaction to Partial Payment Date:

[21 (Number of days from date of the transaction to payment date)*10,000 (Full amount) x 42.00% (Interest rate per annum)] ÷ 365 (Days in a year) = Rs. 241.64

Interest from Partial Payment Date to Statement Generation Date:

[15 (Days between partial payment date to the day before statement generation date) x 5,000 (Outstanding amount) x 42.00% (Interest rate per annum)] ÷ 365 (Days in a year) = Rs. 86.30

Total Interest Amount = Rs. 327.94 [241.64 + 86.30]

RBL Credit Card Interest-free Period

The interest-free period of RBL Bank Credit Card ranges from 20 to 50 days depending upon the specific credit card scheme. It is the period between your last statement date and the current due date. During this period, you do not have to pay the interest accrued on the purchases. However, the interest-free period is not provided if the balance of previous statement cycle has not been cleared. Also, in case of cash withdrawal, the interest rate will be applicable from the date of transaction until it is paid off in full.

RBL Credit Card Cash Withdrawal Charges

RBL Bank credit cardholders can easily withdraw cash through ATMs or visit the bank’s main branch. However, a fee on the cash withdrawal, called advance fee, would be levied for using this facility and an interest amount is also charged.

RBL Credit Card Cash Withdrawal Charges
2.5% of the amount withdrawn or a minimum Rs. 500

Illustration: If you withdraw Rs. 25,000, the applicable fee will be Rs. 625, as 2.5% of Rs. 25,000 is Rs. 625. However, if you withdraw Rs. 5,000, the applicable cash withdrawal fee will be Rs. 500, and not Rs. 125.

Also read: Details regarding credit card cash withdrawal

RBL Credit Card Cash Withdrawal Limit:

Every credit card usually has a cash limit up to which you can withdraw cash. This is not the same as the credit limit, which is the limit up to which you can swipe your credit card.  The cash limit on credit cards is assigned when the credit card is first issued to the customer. Just like credit limit, cash withdrawal limit also varies from cardholder to cardholder. The cash withdrawal limit offered to RBL Bank credit cardholders is mentioned in your monthly statements. You can check your cash withdrawal limit by downloading your credit card statement.

Usually, the cash withdrawal limit offered by RBL Bank varies from 20% to 40% of the total credit limit based on your eligibility. For instance, if you have a total credit limit of Rs. 1 lakh, and your cash withdrawal limit is 40%, then you can withdraw a maximum amount of Rs. 40,000.

Did You Know: When you withdraw cash, the finance charges are applicable along with the cash advance fee. Therefore, it is advisable not to withdraw cash using your credit cards as they incur high interest charges. You should use this facility only in the case of emergency or if it is absolutely necessary.

RBL Credit Card Annual/ Renewal Fee

The annual or renewal fee charged on RBL Credit Cards vary from one variant to another. The annual or renewal fee is charged from second year onwards, on completing the card anniversary year. However, the bank also offers a facility of annual fee waiver on achieving the certain spending milestone. Below mentioned are some of the popular RBL credit cards along with their annual fee:

Credit Card
 Annual Fee
RBL Shoprite Credit Card* Rs. 500
RBL Platinum Maxima Credit Card Rs. 2,000
RBL World Safari Credit Card Rs. 3,000
RBL Icon Credit Card Rs. 5,000
RBL Popcorn Credit Card Rs. 1,000
RBL Bank Platinum Delight Credit Card Rs. 1,000
RBL Titanium Delight Credit Card* Rs. 750
RBL Monthly Treats Credit Card Rs. 75 per month
RBL Bank Edition Classic Credit Card Rs. 500

*Annual fee waiver on spending Rs. 1.5 lakh in the previous year.

RBL Credit Card Forex Charges

The forex markup fee or also known as foreign currency transaction fee is charged on your credit card whenever you make an international transaction. This fee is incurred on your transactions outside the country in foreign currency and overseas ATM cash withdrawals. Most of the RBL credit cards charge a forex markup fee of 3.5% of the transaction value. However, some cards that charges a low forex markup fee are listed below:

Credit Card
 Forex Markup Fee
RBL World Safari Credit Card 0% of the transacted amount
RBL Bank Edition Classic Credit Card 1.5% of the transacted amount
RBL Insignia Credit Card 1.5% of the transacted amount

Suggested read: Best Credit Cards for International Use

RBL Credit Card Late Payment Charges

When you fail to pay your credit card bill on time or Minimum Amount Due (MAD). The details regarding late payment fee are as follows:

RBL Credit Card Late Payment Fee
12.5% of the outstanding amount, Min. of Rs. 5 and Max. of Rs. 1,300
Illustration: If your outstanding amount is Rs. 8,000, the late payment fee charged will be Rs. 1,000, as 12.5% of Rs. 8,000 is Rs. 1,000. However, if your outstanding amount is Rs. 25,000, the late payment fee applicable will be Rs. 1,300, as this is the max. fee that the bank can charge.

RBL Credit Card Over Limit Fee

The over limit fee or penalty is charged when you cross your credit limit. RBL Bank charges an over limit penalty of Rs. 600 in case the outstanding on the card account exceeds the total current limit. Therefore, you should never overspend as if you cross your credit limit, high interest charges will be levied.

RBL Credit Card Balance Transfer

RBL Bank allows you to transfer your outstanding credit card bill to new or existing RBL Credit Card. However, the bank charges a processing fee of up to Rs. 750 depending on the tenure you choose. Here are the details regarding the same:

Tenure Processing Fee Reducing ROI Effective ROI
3 months Rs. 750 or 2.99% (whichever is higher) NA NA
6 months Rs. 499 21% 12.42%
12 months Rs. 499 21% 11.73%

Other Fees & Charges on RBL Credit Card

Some of other fees and charges associated with RBL Bank credit cards are given below:

Type of Fee/ Charge
 Amount
Card Replacement Fee Nil
Cash Payment at RBL Branches Rs. 100
Reward Redemption Fee Rs. 99 + GST
Fee on Rental Transaction 1% of the transacted amount
Interest-free Period 20-50 days
Add-on Card Fee Nil
Overdue Interest Charges Nil
Minimum Amount Due 5% of total amount or Min. Rs. 200
Duplicate Statement Fee Nil
Merchant EMI Processing Fee Rs. 199 + GST

RBL Credit Card Fees & Charges: FAQs

Q. Are there any charges for getting an add-on RBL credit card?

A. No, you can apply for an add-on card with all the RBL credit cards without any joining and annual fee. The add-on cards offered by RBL Bank are lifetime free cards. However, there is a limit on the number of add-on cards you can avail, which varies as per the variant of your card.

Q. What is the interest-free period offered on RBL credit cards?

A. The interest-free period varies from 20 to 50 days, based on the variant of your credit card. However, the interest-free period is not applicable if the previous month’s balance has not been cleared in full or in case of cash withdrawal from an ATM.

Q. Do I have to pay the finance charges even if I pay the minimum amount due on my RBL Bank credit card?

A. Yes, if you pay the Minimum Amount Due (MAD), you will be exempted from the late payment charges but you have to pay the finance charges on the remaining outstanding balance. Therefore, it is advisable to pay the credit card bill in full and on time to protect yourself from high interest charges.

Q. How is interest calculated on RBL Bank credit cards?

A. The interest is calculated on a daily basis and applied to the outstanding balance that remains post due date. In case of cash withdrawal, the interest is applied on a daily basis till the withdrawn amount is paid off.

Q. What is the annual fee charged on RBL credit cards?

A. The annual fee charged on RBL Bank credit card varies from one card to another. The fee charged on credit cards offered by the bank ranges between Rs. 500 to Rs. 5,000. The higher annual fee is charged on the premium credit cards, whereas entry-level or mid-level cards come with a nominal annual fee.

Q. What is the minimum credit card interest rate charged by RBL Bank?

A. The credit card interest rate varies from card to card. However, the interest charged by RBL Bank ranges from 3.75% to 3.99% per month, where 3.30% is the interest rate for secured credit cards.

Q. Who can apply for RBL Bank credit cards?

A. Indian citizens who are above the age of 18 and meet the specific income requirements of a particular credit card can apply for RBL Bank credit card. However, the eligibility criteria vary from card to card. You must check the eligibility criteria required for the specific credit card before applying for one.

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