RBL Bank’s ‘BankBazaar’ ‘SaveMax’ Credit Card offers you 10% cashback on ‘BookMyShow’ and Zomato. Together, this credit card offers you up to 100% discount on EMI Infinity Pass Split N Pay charges. Apart from this, you can use the RBL Bank MyCard app to pay credit card bills, avail merchant offers and apply for loans.
We use credit cards from shopping to ticket booking. But do you know that you can also pay insurance premiums from your credit card. Let us tell you that it is quite easy to pay insurance premium with a credit card. Also, it has many benefits. Let’s know how you can pay the insurance premium with your credit card on time. You can also set the option of auto-debit facility in insurance premium payment. By doing so, your premium will be paid automatically. Using a credit card to pay insurance premiums can be a better option, but it is important to weigh its pros and cons as well.
A couple in #Hyderabad, Telangana, ended their lives on February 17, unable to clear their credit card dues.
Credit cards often bring financial burdens and emotional turmoil to families.
Things you need to know before using a Credit Card:
– As per RBI data, credit card… pic.twitter.com/XGgdfYuVxr
— Sudhakar Udumula (@sudhakarudumula) February 20, 2024
Know the complete process of how to do payments by credit card:
- Visit the insurance company’s website or app
- Then go to the payment section
- Now choose the premium payment option
- Choose the credit card payment option from the available payment options
- Enter your credit card details
- After this, confirm the payment
Advantages and Disadvantages of Premium Payment with Credit Card-
- Payment without bank balance: You can make payments without keeping the entire amount in your bank account.
- Improving credit score: Timely payments can help improve your credit score.
- Reward Point Benefit: Many credit cards offer reward points on payment of insurance premiums.
- Timely payment: Choosing the auto-debit option with a credit card helps in paying your premium on time.
- Additional fees: Some insurance providers charge extra fees for credit card payments.