Yes! By using your Roarbank card responsibly and paying your bills on time, you can build and improve your credit score over time.

Roarbank offers competitive interest rates starting from 3.5% per month after the interest-free period ends. Rates may vary based on your credit profile.

With Roarbank, you can transact up to the sum total of balances in your Savings Account and the Credit Limit. Roarbank does not allow you to exceed your Credit Limit should there be no funds in your Savings Account. If you attempt to do so, you will be notified and transaction shall be rejected. To avoid this, it's best to monitor your spending using the Roarbank app.

As a Roarbank customer, you can get a credit of up to ₹1,50,000. Your eligible credit limit will be displayed to you during your application. You may also be eligible for credit limit upgrades over time which you may accept on the app.

Roarbank automatically reviews your account periodically for eligibility for a credit limit increase based on your payment history and credit usage. You can also request an increase through the Roarbank app. If you are eligible for limit increase, you will be notified and limit shall be increased once you provide your consent to such increased limit.

The Interest-free credit period for using your credit limit is up to 62 days. To qualify for this, you must fully repay all outstanding debt as per your Bill Statement by the last day of the month in which the bill is generated. Let’s say you haven’t used your card before, and you make a purchase of ₹1,00,000 on August 1st and another ₹50,000 on August 30th. If you pay off the entire amount before September 30th, you will remain within the Interest-free credit period and pay 0% interest on your credit.

Minimum payment due or minimum overdue amount is equivalent to 5% of the overall outstanding on your card at the end of the billing cycle, plus accrued interest for previous month (if any).

The Due Date for minimum payment is the end of the last day of the month in which bill is generated. You can also check the same in your billing statement. Example, for a billing cycle of 1st - 31st May 2024, your bill will be generated on the 1st of June 2024 and Due Date for minimum payment will be the 30th of June 2024.

The minimum amount overdue is required to be paid on time to keep your account from going into overdue status. This may also impact your overall credit score. If minimum amount due is unpaid on the Due Date, then late payment charges of 2.5% of total amount outstanding are levied. You will also incur interest charges on all purchases made from the date of purchase.