Credit Card Bill Payment Online and Offline – All Methods and Procedure

Credit Card Bill Payment Online and Offline – All Methods and Procedure

 

Credit Card Bill Payment Online and Offline – All Methods and Procedure.Paying your credit card bills on time and in the right manner cannot be overemphasized as they can affect your total credit score and your pocket as well because it can attract very expensive fees if not paid on time. Fortunately, credit card bill payment options have flexibly with several options available online and offline payment methods. If you enjoy the ability to make payments online or are a user of offline methods this guide will provide a step by step procedure on all methods of paying your credit card dues.

The Importance of Paying Credit Cards’ Bills on Time

Before diving into the methods, let’s understand why it’s vital to pay your credit card bills on time:Before diving into the methods, let’s understand why it’s vital to pay your credit card bills on time:

1. **Avoid Penalties**: Delays result in penalties and interest which pile up ensuring that one has to pay even more than what was initially owed.
2. **Credit Score Impact**: Delays in payments mean that your credit score is low hence you become a high risk to lenders.
3. **Interest-Free Period**: On time payments assist you retain the interest free period and therefore act wise in your financial decision.
4. **Financial Discipline**: Paying your bill in full assists in keeping track of your expenses you make every single month.

Techniques used for Payment of Credit card bills through internet

Electronic payments have flexibility, ease, and a non cash solution in terms of paying your credit card balances. Let’s explore the most commonly used options:Let’s explore the most commonly used options:

1. Net Banking
Net banking is one of the safest modes and easily adoptable for making the payment towards credit card bills. Here’s how to do it:Here’s how to do it:

– **Step 1**: You have to use the internet banking facility of your bank.
– **Step 2**: Navigate to the “Bill Payments” or “Credit Cards Payments” part.
– **Step 3**: Choose the credit card provider of your choice from the list available.
– **Step 4**: So that there is the information about the credit card number and the payment amount.
– **Step 5**: It will bring out a pop-up which the user will click to confirm and complete the payment by entering an OTP or transaction password.

Instant payments do not attract any additional charges and are available in most of the banks. This is done through a withdrawal from your bank account and if you use the credit card, then the amount is displayed on your credit card balance in the next 24 hours.

2. Mobile Banking
Mobile banking applications also come in handy when it comes to paying the credit card bills from the comfort of ones mobile phone. Follow these steps:

– **Step 1**: But if you are currently in front of your bank’s mobile application interface, together with all the amenities that they have given before, you just have to open the application itself.
– **Step 2**: Go to the payments.
– **Step 3**: Click on “Credit Card Payment. ”
– **Step 4**: Explicity enter your credit card details and amount of payment that you wish to make.
– **Step 5**: Use the OTP or any other biometric authentication methods to finalise your payment.

Mobile banking is fast, secure and helps to monitor the credit card transactions in a simpler way.

3. Credit Card Issuer’s Website
Today most credit card companies provide an opportunity to pay your bills directly on their web resources. Here’s the process:

– **Step 1**: Go to the official website of credit card company of your choice.
– **Step 2**: The other way is Move to the “Payments” or “Pay Bills” tab.
– **Step 3**: Select your mode of payment as Net Banking, Debit Card or UPI.
– **Step 4**: On this form enter the credit card number and the amount of money you would like to pay.
– **Step 5**: Enter an OTP or transaction password to finalise the payment.

It is favorable when you want the payment to be made directly from your credit card holder’s website since the payment is processed within a short time.

4. UPI (Unified Payments Interface)
This has however been received well with the public because of its easy interface and fast results. Here’s how you can pay your credit card bill using UPI:Here’s how you can pay your credit card bill using UPI:

– **Step 1**: Just launch any of the UPI enabled application present on the smartphone such as Google Pay,PhonePe Or Paytm.
– **Step 2**: Choose “Pay Bills” or “Credit Card Payments. ”
– **Step 3**: Select the credit card company you wish to use and then type in your credit card number.
– **Step 4**: In this field, you’re to input the cash you wish to part with in order to pay for the service.
– **Step 5**: Next make the payment through your UPI PIN.

This occurs in real time, and you will be notified via the UPI app as well as through the credit card company.

5. Auto-Debit Facility
Most credit card companies have a facility where, after charging an amount from the user’s account in his/her bank, the bill amount is directly debited. To set up auto-debit:

– **Step 1**: Go to the website or the smartphone application of your credit card’s issuing company.
– **Step 2**: Scroll down the “Bill Payments” section and click on “Auto-Debit.”
– **Step 3**: Select the amount to be debited either minimum amount due or total amount due.
– **Step 4**: That is, you are to input your bank details and make the confirmation.

This method helps one to ensure that his/her bill is timely paid to clear the due amount and hence does not attract late bill payments which may negatively affect his/her credit.
6. NEFT/IMPS Transfer
The options available to pay the bills of the credit card includes NEFT which stands for National Electronic Fund Transfer and IMPS which stands for Immediate Payment Service. Here’s the procedure:

– **Step 1**: To avail this service, first you need to be a registered user of your bank’s net banking facility through website or mobile application.
– **Step 2**: Register your credit card as a beneficiary with the help of IFSC code that can be obtained from the credit card company.
– **Step 3**: Put in the required payment amount and agree on the payment.

While the NEFT payments usually take few hours to get completed, the IMPS payments are completed in real time including Sundays.

 

Credit Card Bill Payment Online and Offline - All Methods and Procedure

Credit Card Bill Payment Online and Offline – All Methods and Procedure

 

Types of off line credit card Payments

If one does not get the easy access to the internet banking or otherwise does not want to go online, then there is always the offline facility.

1. Cheque or Demand Draft
There are two modes of making payment against your credit card bill- cheque or demand draft. Here’s the procedure:

– **Step 1**: Pay off the amount due on your credit card by writing a cheque in favour of the credit card providing company (For example ABC Bank Credit Card XXXX XXXX XXXX XXXX).
– **Step 2**: Call the nearest bank branch or dropbox center.
– **Step 3**: Put the cheque together with the payment slip in the drop box provided.

When using a cheque to make the payment, make sure that you write the right credit card number to avoid some time being used to rectify the error. It takes three to five working days for a cheque to clear and therefore these must be taken into account.

2. Payment in cash at bank branch
To make cash payment of your credit card bill, it is wise to visit the branch which is related to your credit card. The steps are:

– **Step 1**: The best step is to go to the physical branch of your credit card provider.
– **Step 2**: Complete return an envelope that has a form where you have have to write your credit card number payment amount at the back of it.
– **Step 3**: Pass the money cash and the slip over the counter.

It is important to understand that the bank might also have some charges with regards to the cash payments, and the payment is normally done on the same day.

3. ATM Payment
Many banks provide the facility to make payment on your credit card through the ATM. Here’s how:

– **Step 1**: Put the your debit card into the ATM slot.
– **Step 2**: Click on the “Credit Card Bill Payment” Checkbox.
– **Step 3**: Day and date, credit card information plus the amount required to be tendered have to be filled in.
– **Step 4**: This move also encouraged business travellers to complete their payment.

This is an offline convenient method and the payments tend to be processed with 24 hours.

4. Call or SMS Banking
Through SMS or customer care calls some of the banks also offer the facilities for paying bills online. To pay your credit card bill using this method:To pay your credit card bill using this method:

– **Step 1**: Call the customer care number or type an SMS in the format that is required.
– **Step 2**: Step 4: Confirm the transaction by entering the details that are required.
– **Step 3**: Make sure and finalise the amount to be paid and any other details regarding the settlement.

This will be done through the payment option and the desired amount will be debited from the linked bank account.

Which Method is Best for You?

Based on the available methods, one has to be sure of his or her convenient time and the level of urgency. For immediate credit, the Internet banking, UPI or mobile banking applications are the best in terms of convenience. For those who do not want to embrace this new means of paying, cheque and cash are useful but they delay the most.

Final Thoughts

Failure to make timely payment of your credit card bill is very dangerous to your credit status. It gives flexibility today to select the necessary option for making a payment both offline and online. Whether you enjoy making payments through the Internet or use the services of branches, you can easily control credit card payment and do not pay extra charges. It is essential to always crosscheck the time required for these methods to be processed so as to ensure that payments are made on time Receiving receipts from the service providers is also crucial.