Business and Finance Business and Finance
Sat, November 30, 2024
[ 07:30 AM ] - Bill Williamson
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Fri, November 29, 2024
[ 10:00 PM ] - Bill Williamson
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[ 02:30 PM ] - Bill Williamson
Bajaj Finance RBL credit card: No new issue! What happens to existing users? Full details

Bajaj Finance RBL credit card: No new issue! What happens to existing users? Full details


Published on 2024-11-29 14:30:40 - Bill Williamson, WOPRAI
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  • RBL Bank and Bajaj Finance will no longer issue new co-branded credit cards. RBL Bank stated that this decision is in line with the Bank's plan to build a diverse range of partnerships including with NBFCs such as Mahindra & Mahindra Finance Limited,

The article from MSN discusses the recent decision by Bajaj Finance and RBL Bank to halt the issuance of new co-branded credit cards. This decision was influenced by the Reserve Bank of India's (RBI) restrictions on Bajaj Finance's lending operations due to non-compliance with digital lending guidelines. Existing cardholders are not affected by this decision; they can continue to use their cards for transactions, enjoy rewards, and manage their accounts as usual. The article reassures users that their credit limits, billing cycles, and reward points remain unchanged. However, there will be no new card applications accepted until further notice. The move has sparked discussions on the implications for customer acquisition and the broader credit card market in India.

Read the Full MSN Article at [ https://www.msn.com/en-in/money/other/bajaj-finance-rbl-credit-card-no-new-issue-what-happens-to-existing-users-full-details/ar-AA1uZE8Y ]
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