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  • RBL Bank Credit Card Balance Transfer

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  • RBL Bank offers the facility of “Transfer n’ Pay” which allows customers to transfer outstanding balances on other credit cards to an RBL credit card and then pay the amount in convenient EMIs. Benefit from lower interest rates and paying the outstanding balance in instalments. Enjoy a longer free credit period and save on paying high interest rates.

    Features of RBL Bank Transfer n’ Pay

    • Immediate transfer - The transfer of your balance will be done instantly.
    • Zero documentation - There are no documents required to avail of this facility.
    • Choice of tenure - You can opt for 3, 6 or 12-month tenures to repay the outstanding balance.
    • Paperless Money Remittance - There will be no cash transactions in the process of Transfer n’ Pay.
    • Transfer limits - The minimum transfer amount is Rs.10,000. The maximum amount admissible is 80% of the available credit limit assigned to the primary RBL Bank credit card held by the customer.
    • Credit Period - For customers who make full payments on their credit cards, the interest-free period of up to 50-days will continue for any purchases made on the credit card, regardless of the balance transfer done.
    • Minimum Due - The minimum amount due reflecting in your monthly credit card statement will include the percentage due from the total outstanding balance + balance transfer EMI. The minimum due on the outstanding balance is 7%. RBL Bank will then add the balance transfer EMI amount and arrive at your monthly minimum amount due.

    RBL Bank Credit Card Balance Transfer Eligibility

    The eligibility criteria is determined by RBL Bank. Select RBL Bank credit cardholders will be offered the balance transfer facility. You should fit into the following general criteria to qualify for Transfer n’ Pay:

    • You should be a resident of India.
    • You should hold a valid and current primary credit card from RBL Bank.
    • You should have no overdue amount on the card of more than 60 days.

    RBL Bank Credit Card Balance Transfer Interest Rate

    The interest rate offered by RBL Bank on balance transfers depends on the tenure chosen. Interest is calculated on a reducing principal balance.

    Tenure Interest Rate
    3 months 0% p.a.
    6 months 21% p.a.
    12 months 21% p.a.

    RBL Bank Credit Card Balance Transfer Service charges

    Listed below are the charges applicable for the Transfer n’ Pay scheme of RBL Bank.

    • Processing Fees will be communicated at the time of opting for Balance Transfer.
    • Service Tax payable is calculated as per the government norms.
    • Preclosure charges at 3% of the principal outstanding

    RBL Bank Credit Card Balance Transfer Cancellation

    In case you wish to cancel your request for Balance Transfer, you can do so within 10 days of the service being booked. Any fees or interest charged will be reversed. You will not have to pay RBL Bank anything.

    If in case within those 10 days, the money has been successfully transferred to the other bank’s credit card, resulting in a clear credit of the customer with the other bank, then the fees will not be reversed. However, you can still make the cancellation.

    RBL Bank Credit Card Balance Transfer Foreclosure

    In case you choose to foreclose the balance transfer after 10 days, all charges will not be reversible and will have to be forfeited by the customer. Furthermore, 3% of the outstanding principal will be charged as foreclosure penalties.

    Apply for RBL Bank Credit Card Balance Transfer

    • To apply for Transfer n’ Pay, you can call RBL Bank and place a request.
    • After requesting the customer care for the Transfer n’ Pay service, to initiate the booking, you need to send an SMS:
    • BTY (Last 4 digits of other bank’s credit card number) to 5607011. For example, “BTY 4673”
    • According to your eligibility, your request will be approved or denied.

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    Credit Card Reviews

    • RBL Bank Credit Card
      "Very good service"
      0.5 4.0/5 "Great!"
      The customer support is very excellent in RBL. I am using credit card for past 1 year. I get many benefits like EMI conversion, balance transfer and good rewards points. I have a credit limit more than 1 lakh, which is very sufficient. The rate of interest is normal around 13%.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jan 19, 2020
    • RBL Bank
      RBL Bank Credit Card
      "Great bank"
      0.5 5.0/5 "Blown Away!"
      To reach the customer care its not a easy job and the IVR is keep on speaking. I have facilities of EMI conversion, rewards points, Balance transfer, petrol sur charges waiver. I hold this card for more than 3 years. They have given a enough limit to me.
      Was this review helpful? 3
      , chennai
      Reviewed on Aug 02, 2019
    • RBL Bank Credit Card
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      I am using the credit card with RATNAKAR BANK but the card is user friendly and comfortable to use it in all the places. It has the good credit limit along with that there are options like EMI and balance transfer available with the card.
      Was this review helpful? 1
      , bangalore
      Reviewed on Jul 23, 2019
    • RBL Bank Credit Card
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      I am using the card with the RATNAKAR BANK where i am using the card since from last 3 years also there are free movie tickets and rewards points with the card. There are EMI option and balance transfer option is there with the card. The card is user friendly card to use.
      Was this review helpful? 2
      , hyderabad
      Reviewed on Jul 14, 2019
    • RBL Bank Credit Card
      "Better"
      0.5 3.0/5 "Satisfactory"
      I have selected Ratnakar bank credit card past 3 years ago . sufficient limit is provided from banker end .customer service is good and responsive. I have done balance transfer from credit card to my saving account loan amount is 1 lakh and Rate of interested 15 percentage , EMI Rs 3600
      Was this review helpful? 2
      , bangalore
      Reviewed on Jul 10, 2019
    • RBL Bank Credit Card
      "GOOD BUT ANNUAL FEE IS HIGHER"
      0.5 5.0/5 "Blown Away!"
      The credit limit is good apart from that there are no offers but only movie tickets is there and i have not availed. It is a payable card of 2000 rupees. The emi, balance transfer option is there with the card. The application is easy to use in the card.
      Was this review helpful? 1
      , mumbai
      Reviewed on Jun 26, 2019
    • RBL Bank Credit Card
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      The card experience is good by using the RATNAKAR BANK and there are no charges like joining fee and annual fee. The card has the good credit limit which is 38K apart from that there are option of EMI, balance transfer but not availed the offers.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 26, 2019
    • RBL Bank Credit Card
      "Good card"
      0.5 4.0/5 "Great!"
      RBL is good card to use. Holding the card for almost 1 year. In this card have a specialty of balance transfer, EMI conversion, lowest interest rate on EMI. I will be getting the rewards points only on shopping and when i do the offline transaction, i get a cashback offers.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jun 18, 2019
    • RBL Bank Credit Card
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      There are more reward points in online purchase also groceries shopping. The credit limit given was 1L 2K which is good, it is a payable card but there is a waiver off option available. There is a balance transfer option available in this credit card.
      Was this review helpful? 0
      , chandigarh
      Reviewed on Jun 16, 2019
    • RBL Bank Credit Card
      "Its Good"
      0.5 4.0/5 "Great!"
      I have RBI bajaj credit card, I purchased many products like mobile, television etc. I am getting loans offers based on this card and also I can make the balance transfer. There is a flexi emi option with lesser interest. Only concern in their help desk they should add Tamil language option.
      Was this review helpful? 0
      , chennai
      Reviewed on May 27, 2019
    • RBL Bank Credit Card
      "Good card"
      0.5 4.0/5 "Great!"
      RBL has a good limit and the features are satisfactory. It is a life time free credit card. I am using the card for past one year. I can withdraw cash and do balance transfer. The charges are reasonable and recently converted into EMI they charged me 12.5%. The customer service is good and IVR option is simple to reach the executive.
      Was this review helpful? 1
      , chennai
      Reviewed on Mar 28, 2019
    • RBL Bank Credit Card
      "It could be better"
      0.5 5.0/5 "Blown Away!"
      I do use RBL card, I can withdraw the cash anytime and balance transfer its like Over Draft concept but charges are too high. I never contacted the customer service. Am using it for more than 2 years, annual fee is applicable but it will be waived off. The limit is sufficient and it can be enhanced so not an issue. Every transaction it may be 1K or 1L charge around Rs.499 plus GST, they should charge based on amount.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Mar 28, 2019
    • RBL Bank Credit Card
      "Really Good Card"
      0.5 4.0/5 "Great!"
      I am using the RBL credit card and they have offered me a credit limit of Rs. 1.53 lakhs. I am getting the offer like balance transfer. I used to get rewards points for all my transaction. I have not the redemptions. I am not yet contact the customer care and there will some annual fee.
      Was this review helpful? 0
      , thane
      Reviewed on Feb 20, 2019
    • RBL Bank Credit Card
      "Good Credit card to hold"
      0.5 5.0/5 "Blown Away!"
      RBL is very good in credit card service, they are providing EMI conversion with low interest, balance transfer an cash withdrawal option. Their customer service is good, they dispatched the card on time. But customer service is taking long time to convert the EMI, it would be great if they reduce on it.
      Was this review helpful? 0
      , chennai
      Reviewed on Dec 19, 2017
    • RBL Bank Credit Card
      "Convenient credit card"
      0.5 4.0/5 "Great!"
      Past one year I am using RBL credit card, their earning points and feature of online banking is very good to view about credit card transaction. EMI conversion, balance transfer options are good in mobile app. I don't want to call to the customer care.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 16, 2017
    • RBL Bank Credit Card
      "Its Better"
      0.5 5.0/5 "Blown Away!"
      Very recently I got RBL credit card its good, it have all kind of options, EMI option, balance transfer, loan on credit card etc. Bank offered only Rs. 50,000 as a credit limit. Bill generation date is very convenient with RBL and its fall on good due date.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 11, 2017
    • RBL Bank Credit Card
      "Great facilities...."
      0.5 5.0/5 "Blown Away!"
      Recently I received my Fun card from Ratnakar bank. Its a very good bank and they were providing better offers also like balance transfer and Emi options. Benefits are too good, buy 1 get offer an all always available one and 15% to 20% discounts for shopping.
      Was this review helpful? 3
      , mumbai
      Reviewed on Jan 22, 2016
    • RBL Bank Credit Card
      "Average"
      0.5 3.0/5 "Satisfactory"
      Ratnakar bank has newly launched their Titanium delight credit card. So they do not have much of options on it. They do not have a balance transfer option. Neither do they have a EMI option. It is a life time free card. The services are average too. Overall a average experience.
      Was this review helpful? 1
      , bangalore
      Reviewed on Dec 11, 2015
    • RBL Bank Credit Card
      "Excellent"
      0.5 4.0/5 "Great!"
      I have a platinum maxima credit card with Ratnakar bank. Being a small bank, I was surprised with their offers. Since I am a person who goes for movies at least thrice a month. I am happy with their movie ticket offer. Buy one get one free. I get this offer thrice in a month. I also get 10% discount on department stores. The best advantage is the balance transfer option. The rate of interest is the same as other banks. It is of 36%. There is a annul fee for the card. The only thing is they have not not offered me a good credit limit.
      Was this review helpful? 21
      , bangalore
      Reviewed on Jul 29, 2015
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