It is important to ensure that you pay your credit card bills by the stipulated due date to continue enjoying all its perks. This also allows you to build and maintain a good credit score. Luckily, there are several methods available for credit card payment, both online and offline, which make the task smooth and hassle-free. These include:
Credit Card Online Payment Options
Credit Card Offline Payment Options
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.
Step 1: Log in to the bank’s mobile app or website.
Step 2: Go to the ‘Fund Transfer’ tab and select ‘IMPS’.
Step 3: Enter your name, credit card number, bank account for payment, and remarks.
Step 4: You would also need to provide the IMPS account number and IFSC code or mobile number and MMID.
Step 5: Validate with OTP and click on ‘Confirm’.
You can pay your credit card bill online using NEFT or National Electronic Funds Transfer. 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.
Step 1: Log in to your netbanking account.
Step 2: Go to the ‘Fund Transfer’ tab and select ‘NEFT’.
Step 3: Click on ‘Add beneficiary’.
Step 4: Enter your credit card details: beneficiary name (cardholder’s name), beneficiary account number (credit card number), bank name, bank location, and IFSC code.
Step 5: Once the beneficiary details are updated, select it, and proceed to pay.
Step 6: Enter the payment amount, select the account to pay from, enter remarks, and validate with OTP.
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.
CC bill payment online can be done easily via credit card netbanking. All you have to do is log in to your online savings account and follow the steps mentioned below.
Step 1: Go to the ‘Credit Cards’ section.
Step 2: Register and select the credit card for which you want to pay the bill.
Step 3: Click on the option to ‘Pay your credit card bill’.
Step 4: Enter the amount to be paid.
Step 5: Click on ‘Confirm’ and the credit card payment will be complete.
You can use the online payment gateway of Billdesk to complete your CC online payment. The steps you would need to follow for the same are mentioned below:
Step 1: Go to the Billdesk page of your credit card issuer to pay your credit card bill.
Step 2: Enter the credit card number, card type, your email ID, and the amount you want to pay.
Step 3: Choose the bank whose netbanking services you wish to avail.
Step 4: Once redirected, enter the login details.
Step 5: Proceed to complete the transaction by following the instructions.
Step 6: Once authenticated, the money will be deducted from your savings account and your credit limit will be replenished.
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. Here are the steps you need to follow to pay your credit card bill using mobile wallets:
Step 1: Login to your mobile wallet account via app or website.
Step 2: Select the option ‘Credit Cards’.
Step 3: Add your credit card as beneficiary.
Step 4: Once your credit card is linked, proceed to pay the credit card bill.
Step 5: Enter the billed amount and click on ‘Proceed’.
Step 6: You can choose between netbanking, debit card, and BHIM UPI to pay.
Step 7: Complete the transaction by entering the details for the chosen mode.
Do note that the wallet type must support your bank and type of card. Also, you can use only your debit card, netbanking account, or UPI address to complete the payment.
Visa transfer is a payment facility offered by some banks wherein 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.
Using netbanking or a written request, you can instruct your bank 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 via cash.
Some banks allow you to pay your credit card bill through the credit card customer care IVR service. However, you must own a savings account or a current account with 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 gets instantly 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 (DD) or a cheque in the name of the issuing bank and depositing it at the bank’s ATM or branch. However, do note that it can take up to 3 business 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:
Convenience: Credit card bill payment online is faster and convenient.
Security: It’s safer because it is authenticated with multiple layers of verification.
Automation: You can automate your payments to ensure timely payment without manual intervention.
Proof of Payment: Records of online payment are useful for taxation and budgeting purposes
Green Initiative: It is eco-friendly as it saves paper.
Cost-Effective: You can save on fees and charges levied on credit card offline payment channels such as cash and cheque.
There are a few things you should keep in mind when making online payments to ensure they are smooth and accurate:
Check the credit card statement for transactions, charges, and total amount due
Double-check all details to ensure that the payment goes through the first time
Link your credit card to the netbanking account to save time
Transact over a secure network
Use the digital keyboard to type your password
Do not share or save your passwords
Your credit card billing cycle is the period during which your credit card statement for a particular month is generated. It includes details about all the credit card transactions you made with your credit card in a particular billing cycle. As per the recent Reserve Bank of India (RBI) regulations of April 29, 2022, there should be no errors in credit card bills shared by banks and the due date should be at least a fortnight away. Also, in case of transaction disputes, no charges can be levied till the issue is resolved. You will also have the option to modify the billing cycle once as per your convenience.
As soon as your credit card is activated, the process of generating a monthly credit card billing cycle starts. In some cases, even if you do not make immediate transactions after activating your credit card, depending on the issuer’s policies, you might be charged with activation fees for the particular month.
If your credit card statement is generated on the 3rd of every month, the monthly billing cycle will include the period between 4th of the previous month and 3rd of the current month. It is important to note that the days included in your credit card billing cycle may vary between 27-31 days depending on the arrangement made with your credit card issuer.
Apart from the routine credit card transactions, charges such as EMI details, interest amount, fuel surcharge waivers, finance charges, refunds, and cashbacks, etc., for the particular month will also be included in the billing cycle and will reflect in your credit card statement.
Yes, missing credit card bill payment for even one cycle can affect your credit score significantly. You should clear all your dues on time.
Paying your credit card dues on time is critical to ensure that you are not charged undue interest on the transactions. Moreover, it also ensures that your credit score is not affected.