According to data collected by the Reserve Bank of India, India added about 13.28 million debit cards to the system between 2018 and 2019. Additionally, the number of transactions using debit cards at the point of security terminals also grew by 22.8% in 2019. This data demonstrates that more Indians are becoming comfortable with using cashless payment methods for their daily transactions.
While debit cards have made transactions and availing cash a lot easier, a Bajaj credit card offers you access to an additional line of credit beyond the sum of funds available in your basic bank account. The Bajaj Finserv RBL Bank SuperCard offers numerous additional features of both debit and credit cards plus more.
Features and benefits of the SuperCard
The SuperCard comes with the benefits of four cards like a credit card, cash card, loan card and EMI card compiled into one. It offers much more than other debit or credit cards. Following are a few of the benefits that you can avail by using it –
● It enables you to avail an emergency personal loan
With this credit card, you can convert your unutilised credits into an emergency personal loan once each year. This personal loan is interest-free up to 90 days and can be repaid in 3 instalments. Additionally, you only have to pay the nominal 2.5% processing fee to avail the advance.
● Interest-free cash withdrawal from ATMs
With most credit cards, you have to pay a hefty fee if you withdraw cash from an ATM using them. You also have to pay a service charge and transaction fee for this amount. However, one of the most striking advantages of the RBL bank credit card is that it can be used to withdraw cash from ATM interest-free for up to 50 days.
● Incentives and discounts
With the Bajaj credit card users can avail attractive discounts and incentives from over 60,000 online and offline partner stores. These offers are available on the purchase of a variety of products, including apparel, other accessories, gadgets, etc.
● Layered security benefits
The Bajaj Finserv RBL Bank SuperCard comes with a layered security to help make your financial transactions more protected. These measures include in-hand security, zero-fraud liability cover, etc. The in-hand security feature helps to control and monitor the usage of the card via the RBL MyCard App.
● Easy EMI conversions
You can make the payment of your high-end purchases easier by converting their cost into EMI options. The EMI conversion option is available for purchases of Rs. 3000 and more.
● Instant approval benefits
The process of applying and availing the SuperCard is extremely simple. If you look up how to apply for a credit card online, you will find that by satisfying a few eligibility criteria and supplying few basic documents, you can avail instant approval facilities on the credit card.
Additionally, Bajaj Finserv also brings pre-approved offers that can make availing their service faster and easier. These offers are available on several financial products including credit cards and other advances. You can check your pre-approved offer by providing basic details like your name and phone number.
● Cash-back offers
You can avail a 5% cash-back of up to Rs. 1000 on the down payment amount of your EMI for purchase through the SuperCard. This cash-back is credited to your account within 45 days of the transaction. However, this offer is valid only for select partner stores of the financial institution.
● Various credit card options
You can choose to avail between the seven variants provided by the credit card. Each of these cards comes with tailored advantages to suit a user's needs.
● Sizeable annual savings
You can save up to Rs. 55,700 on your purchases by using the Bajaj Finserv RBL Bank SuperCard. You can also collect reward points and redeem them on the purchase of various products and services.
Therefore, the Bajaj credit card brings numerous facilities and benefits over debit cards. They also make a solid case of why credit cards are better than debit cards. However, make sure to check the eligibility criteria before applying to ensure that there are no hassles in the process of availing the card.
Primary tradelines appear on your credit report as credit accounts for which you are the primary account holder. This means that you are directly responsible for the account and its activities. Importantly,Primary Tradelines can include credit cards, mortgages, car loans, and other loans you have open in your name.
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