Have you gone to a grocery store, made the purchase and came across no cash in your wallet? Credit cards are not namesaked, saviours. They cover up all the expenses in quickest and hassle-free manner. All it requires is your signature. The sound of swiping the card might be sweet, but it is not all that fancy when it comes to payment of a bill at the end of the month.
Gone are the days when credit cards were used just for airline or similar considerable dealings. Credit cards have become an essential tool for people to complete their other daily transactions like utility bills, mobile bills, etc. However, the set amount needs to be disbursed by the consumer towards credit card bill payment.
Ways to pay credit card bill:
Technology has eased off most of the pressure from people’s shoulders nowadays. One can make credit card bill payment through online and offline modes
Online payment mode includes:
- Payment through Net Banking: To use the Net Banking facility, one would have to register their current or savings account to it. For credit cards, the ATM pin needs to be used to link the card to the net banking account. Once done with procedures, all the person needs to do is log in with their net banking details in the bank website, choose the ‘credit card payment option’ and pay the bill using a savings account.
- Mobile banking application: Mobile banking is the best innovation for on the move customers. Features of net banking are available on mobile banking as well. Just download the app and follow the same procedures as that of net banking.
- ATM Fund Transfer: ATMs offer 24x7 services. One can pay credit card bill by merely transferring the outstanding amount from their savings or current account to credit card account.
- Autopay: Human beings are understandably having a busy schedule, currently. There is a tendency of missing out on payment of bills. In such cases, autopay option comes handy. It deducts the amount from the customer's savings account automatically. However, the person’s signature is mandated if opting for the service.
- National Electronic Fund Transfers (NEFT): Customers need not necessarily pay the bill through their saving account. With NEFT services, you can pay your bill through any other bank account. One would have to add their credit card number as the payee account number for disbursing the amount through NEFT.
- Real Time Gross Settlement (RTGS): For those who want to settle their credit card bill payment on one go, RTGS is an ideal choice. One needs to have their net banking facility activated on another bank account to carry out RTGS operation. Payment of INR 2 lakhs or more is made through RTGS.
Offline payment mode:
Cash and cheques are the only offline options. You can visit your nearest branch and pay the bill by cash through the counter. A fee is, however, charged for this service. Most of the times banks are shut on public holidays and weekends. At such times, cheques can be deposited in a drop box or a cheque payment machine. These are available outside ATMs or bank branches.
Key benefits of online credit card bill payment are:
- Saves time and effort
- Can be paid at your convenience and comfort
- With IPIN mandatory for online payments, they are generally safe and secure
- Easy track of payment records
- Making online payment saves paper, which is why it is an eco-friendly medium
Gone are the days when credit cards were used just for airline or similar considerable dealings. Credit cards have become an essential tool for people to complete their other daily transactions like utility bills, mobile bills, etc. However, the set amount needs to be disbursed by the consumer towards credit card bill payment.
Ways to pay credit card bill:
Technology has eased off most of the pressure from people’s shoulders nowadays. One can make credit card bill payment through online and offline modes
Online payment mode includes:
- Payment through Net Banking: To use the Net Banking facility, one would have to register their current or savings account to it. For credit cards, the ATM pin needs to be used to link the card to the net banking account. Once done with procedures, all the person needs to do is log in with their net banking details in the bank website, choose the ‘credit card payment option’ and pay the bill using a savings account.
- Mobile banking application: Mobile banking is the best innovation for on the move customers. Features of net banking are available on mobile banking as well. Just download the app and follow the same procedures as that of net banking.
- ATM Fund Transfer: ATMs offer 24x7 services. One can pay credit card bill by merely transferring the outstanding amount from their savings or current account to credit card account.
- Autopay: Human beings are understandably having a busy schedule, currently. There is a tendency of missing out on payment of bills. In such cases, autopay option comes handy. It deducts the amount from the customer's savings account automatically. However, the person’s signature is mandated if opting for the service.
- National Electronic Fund Transfers (NEFT): Customers need not necessarily pay the bill through their saving account. With NEFT services, you can pay your bill through any other bank account. One would have to add their credit card number as the payee account number for disbursing the amount through NEFT.
- Real Time Gross Settlement (RTGS): For those who want to settle their credit card bill payment on one go, RTGS is an ideal choice. One needs to have their net banking facility activated on another bank account to carry out RTGS operation. Payment of INR 2 lakhs or more is made through RTGS.
Offline payment mode:
Cash and cheques are the only offline options. You can visit your nearest branch and pay the bill by cash through the counter. A fee is, however, charged for this service. Most of the times banks are shut on public holidays and weekends. At such times, cheques can be deposited in a drop box or a cheque payment machine. These are available outside ATMs or bank branches.
Key benefits of online credit card bill payment are:
- Saves time and effort
- Can be paid at your convenience and comfort
- With IPIN mandatory for online payments, they are generally safe and secure
- Easy track of payment records
- Making online payment saves paper, which is why it is an eco-friendly medium
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