A credit card is ideal for catering to all your daily and occasional expenses, worry-free. However, to keep enjoying the several advantages of the cashless payment tool, you must ensure paying the credit card bill by the payment due date. This would also allow you to build and maintain a good credit score. Luckily, there are several methods available for credit card payment online and offline to make the task smooth and hassle-free for you. Let us take a look at them.
Here’s a list of options for making your credit card payment online.
IMPS or Immediate Payment Service is a quick way to make your CC payment online. The service is reliable, inexpensive, and available 24x7. All you need to do is follow the steps mentioned below.
You can pay your credit card bill online using NEFT or National Electronic Funds Transfer. NEFT allows the interbank transfer of funds from one account to another. As a result, you can use it to transfer money from your savings account to your credit card account. The steps you need to follow for credit card online bill payment via NEFT are mentioned below. However, do note that the process may vary from bank to bank.
CC bill payment online can be done easily from your net banking account. All you have to do is log in to your online savings account and follow the steps mentioned below.
You can use the online payment gateway, Bill desk to complete your CC online payment. The steps you would need to follow for the same are mentioned below-
Some credit card issuers offer you the opportunity to make your credit card payment online through mobile wallets such as Paytm, BHIM/UPI, PhonePe, etc. However, the wallet type must support your bank and type of card. Also, you can use only your debit card, net banking account or UPI address to complete the payment. Here are the steps you need to follow to pay your credit card bill using mobile wallets-
Visa transfer is a payment facility offered by some banks whereby you can use your Visa debit card to clear your credit card dues. The money is transferred from the savings bank account linked with the card to the beneficiary account. It may take up to 3 to 4 days to process the payment. You can opt to schedule your payments using Visa money transfer as well as track past payments easily.
You can instruct your bank via net banking or through a written request to auto-deduct your credit card bill from your savings or current account on the due date every month. You would need to choose to either pay the minimum amount due or the total amount due against your card. Once you have registered, the amount will get automatically deducted from your account on every payment due date.
Here’s a list of options for making your credit card payment offline.
You can simply go to the issuing bank’s branch, fill a deposit slip, and make your credit card payment offline via cash. However, do note that you would need to pay a fee for availing the service. This fee varies from bank to bank and card to card. It takes one working day to process the credit card bill payment.
Some banks allow you to pay your credit card bill by calling the credit card customer care IVR service. However, for this, you must own a savings account or a current account in the issuing bank. As there is no human interaction and you follow the steps suggested by the IVR, the process is safe and dependable.
If you own a debit card from the issuing bank, you can go to any ATM of the bank and make your credit card payment through a debit card. Since the amount would instantly get transferred from one account to another, the process is quick and easy.
You can even pay your credit card bill by drawing a Demand Draft or a cheque in the name of the issuing bank and deposit it at the bank’s ATM or branch. However, do note that it can take up to 3 days to clear the cheque.
Credit card online payment has several advantages over offline payment, which makes it a popular choice for clearing dues. These include-
There are few things you should keep in mind when making online payments to ensure they are smooth and accurate.
If you do not have a credit card or are looking to get a new one, you can apply for a credit card from the Finserv MARKETS platform. There are several cards from some of the top banks in the country to choose from. You can compare the features, match them to your needs and select the best credit card for yourself.
You can make your CC payment online via credit card payment NEFT, IMPS, netbanking, billdesk, mobile wallets, Visa transfer, or auto debit. Credit card billdesk would be the easiest way for a first-time payment.
Some banks have a credit card payment via SMS feature for customers who hold savings or current accounts with them. You just have to send your savings/current account details, and the money will be transferred.
You can check it in the credit card statement you receive every month via email.