Who is eligible to apply for vCard
Anyone who is Salaried /Self Employed holding an Aadhaar card + PAN card and of age group 23 years to 55 years is eligible to apply
What are the documents required to apply for vCard
Selfie based photo taken online and Aadhar card as ID/Address proof .It is essential that current address is same as mentioned on Aadhar
What is the Process to apply for vCard
You may initially check eligibility through https://app.vcard.ai/vmod/checkEligibility post eligibility approval you need to fill up the KYC details and then upload Aadhar as document -Once the application is approved you may start using the vCard instantly.
What is the fee and the interest charges structure? Are there any hidden fee?
You will be charged a Finance Charge of 42% p.a (Rs. 1.15 per 1000 or 0.115% per day) and the amount payable is calculated accordingly monthly. The late fee shall not be collected for 5 days after bill generation however Rs.100 as Convenience charges will be levied if total due >= Rs.6000, Rs 20 if Total Due is between Rs 200-6000.
- Minimum amount of 5% is payable, failing which the account goes Delinquent and also attracts late fees of 3% of Total Due Subjected to Max Rs 525
What is the Maximum Credit Limit I can get
The maximum eligible amount is Rs.60,000
When will I receive my statement
Bill will be generated on the last day of every month
Is there any Annual fee charges for vCard
There is no annual fee charged
Is there any Possibility to enhance the Limit after certain period of usage
There is no possibility to enhance the amount at this point of time however will be accordingly communicated if the same is considered
What are the various charges applicable on the Credit line
Other than Late fee and Interest, Convenience charge of Rs.100 will be levied if total due >= Rs.6000, Rs 20 if Total Due is between Rs 200-6000 will be charged on every month bill
How can I generate my m-PIN
m-PIN can be generated after signing up in to vCard app with your registered mobile number
How can I change /update my m-PIN
m-PIN can be changed at any time through vCard app, from Settings option in menu bar
What is the option for bill Payment
Bill will be generated on the last day of every month and the same can be paid through Net Banking / eMandate
How is the interest calculated on my account
You will be charged Finance Charges of 42% p.a (Rs. 1.15 per 1000 or 0.115% per day) and the amount payable is calculated accordingly and charged monthly.
Where all can I use vCard ?
* Transfer amount to self savings bank account instantly
How my Credit Line dues are informed to me
You will be sent a billing statement detailing the transactions on vCard app well before the due date for payment of dues.
Billing information is also made available by email if you have registered with your email id.
You will also be informed by an SMS Alert about the billing amount and due date for payment of dues.
Sample Calculations
vCard RBL Bank Credit Card @ 42% p.a Finance Charges
Billing Cycle
Narration
Spend/ Repay
Total Outstanding
Day 1
Mastercard
3,500
3,500
Day 3
Merchant Payment
2,500
6,000
Day 7
Repayment
-1,500
4,500
Day 15
Mastercard
4,400
8,900
Day 20
Mastercard
3,000
11,900
Day 25
Merchant Payment
600
12,500
Day 30
Mastercard
1,500
14,000
Day 31
Taxes
0
Day 31
Bill Generated
Total Due
14,000
Minimum Due
700
Day 45
Repayment
By NetBanking
4,000
Day 45
Closing Balance
10,000
Day 60
Taxes
120
Day 60
Bill Generated
Total Due
10,816
*All the fees and charges are subject to applicable taxes.
vCard PinCap Credit Line @ 42% p.a Finance Charges
Billing Cycle
Narration
Spend/ Repay
Total Outstanding
Day 1
Transfer to account
3,500
3,504
Day 3
Transfer to account
2,500
6,015
Day 7
Repayment
-1,500
6,043
Day 15
Transfer to account
4,400
8,989
Day 20
Transfer to account
3,000
12,044
Day 25
Transfer to account
600
12,713
Day 30
Transfer to account
1,500
14,287
Day 31
Taxes
70
Day 31
Bill Generated
Total Due
14,456
Minimum Due
884
Day 33
Repayment
By NetBanking
4,000
Closing Balance
10,456
Day 60
Taxes
75
Day 60
Bill Generated
Total Due
11,046
*All the fees and charges are subject to applicable taxes.
Contact Email Id
Tensor Fields Consultancy Services Pvt. Ltd.
8-2-672/5&6, Road No. 1,
Banjara Hills, Hyderabad - 500 034
Telangana, INDIA.
