Checking your RBL Bank credit card statement can be an easy task, but some people face difficulties when dealing with the system or interpreting the information.
In this article, we will address the most common doubts people have when checking their statement, common mistakes and how to fix them, as well as provide tips to avoid surprises in your statement. If you’re facing difficulties or just want to learn how to navigate the platform more effectively, keep reading!
Common Mistakes When Checking RBL Bank Credit Card Statement
Many people make mistakes when accessing and understanding their RBL Bank credit card statement. Let’s list some of the most common errors and how to fix them.
Mistake 1: Not Checking the Due Date Many customers focus only on the total balance or minimum payment, but forget to check the due date. This can lead to late payments, resulting in fines and interest.
How to fix it: Always check the due date at the beginning of your statement. It is usually highlighted at the top. Set a reminder on your phone or use the RBL Bank app to be alerted in advance.
Mistake 2: Ignoring Additional Fees Service fees, such as annual fees, cash withdrawal fees, and late charges, can be hard to spot at first glance. This happens when the statement is not read carefully, leading to surprises at the end of the month.
How to fix it: Check every item in your statement carefully. Fees and extra charges are listed separately, usually in the “Finance Charges” section. Be alert to these charges to avoid surprises.
Mistake 3: Not Understanding the “Available Credit Limit” The available credit limit is crucial information but often confused with the “total limit”. Not understanding this difference can lead to excessive spending.
How to fix it: Make sure you understand the difference between your total credit limit and the amount available for use. The available credit limit takes into account pending payments, recent purchases, and payments already made.
How to Avoid Surprises in Your RBL Bank Credit Card Statement
Avoiding surprises in your credit card statement is possible with some simple habits and preventive measures. Below are a few tips to ensure that you always know what is happening with your finances.
1. Keep an Eye on Recurring Purchases Subscription services, such as music or video streaming, may be automatically charged to your credit card. If you don’t notice a charge, it could appear as a surprise in your statement.
Tip: Regularly check your recurring purchases and cancel any service you no longer use.
2. Use the RBL Bank App The RBL Bank app provides an easy way to track your expenses in real-time. Access your account statement, view your recent purchases, make payments, and check your available balance without leaving your home.
Tip: Set up automatic notifications to alert you about transactions and low balances, making it easier to manage your spending.
3. Review Your Statement Regularly A monthly review of your credit card statement can be the key to avoiding surprises. By carefully reviewing the document, you can spot incorrect charges, overdue payments, or any other errors that might have occurred.
Tip: Make a thorough review of your statement as soon as it’s available. Mark the purchases you made and compare them with your receipts to ensure everything is correct.