Benefits and Offers

  • Unlimited UPI Transfer
  • Transfer Entire Credit Limit to your Account
  • No Plastic Card, No reward points
  • Zero Annual Fee
  • Finance Charges are 42% p.a
  • Finance Charges reduce based on credit score and spend history
  • Personalized offers on Food, Shopping, Entertainment, Online Spend etc.

Get started

  • Complete Application on App or Web
  • Basic Demographics, PAN details
  • On Approval, Complete Application with Aadhaar based KYC
  • If Current Address doesn’t match Aadhaar – edit Aadhaar details to match current address on the UIDAI website

Using vCard

  • Alternately, move entire limit to your account and convert into EMIs
  • Avail of relevant rewards and merchant benefits based on spend
  • Tag spends to different categories, set budgetary limits
  • Leverage analytics and reminders for insight to manage expenditure

Repayment

  • On or before due date, make payment through UPI/ Netbanking on the vCard app
  • If unable to make full payment, pay at least the Minimum Amount Due to avoid late fees
  • If you make any payment before the due date, it reduces the overall Finance Charges

Credit Line Charges

  • Zero Annual Fees
  • Late fees 3% of Total Due Max of Rs 525
  • Convenience Fees per month :Rs 0 if Total Due < 200, Rs 20 if Total Due between Rs 200 - 6000, Rs 100 if Total Due >= 6000

Frequently Asked Questions

  • 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
  • How does UPI work and what are the charges
    vCard allows payment to any UPI app - including BHIM, Bank Apps in addition to Google, Whatsapp, PhonePe, PayTM etc. You may scan the UPI QR or type the UPI ID to find the beneficiary.
    There are no Charges for UPI transactions
  • 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 ?
    vCard with UPI can be used to encounter any kind of your financial requirements like
    * At any Merchant establishments
    * E-commerce Websites
    * Transfer amount to self / other 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 UPI 2,500 6,000
Day 7 UPI Repaymen -1,500 4,500
Day 15 Mastercard 4,400 8,900
Day 20 Mastercard 3,000 11,900
Day 25 UPI 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 UPI 3,500 3,504
Day 3 UPI 2,500 6,015
Day 7 UPI Repayment -1,500 6,043
Day 15 UPI 4,400 8,989
Day 20 UPI 3,000 12,044
Day 25 UPI 600 12,713
Day 30 UPI 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.
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