How To Pay Your Credit Card Bills Online
How To Pay Your Credit Card Bills Online.Credit cards have come to be the most useful tool when it comes to performing cash less transactions and at the same time managing our expenses. However, the most important requirement when it comes to the usage of the credit card is on the payment of the bill. Payment delay entails penalty charges, higher interest rates and negative score or report on credit.
Luckily, with the upsurge in the usage of the internet, it is much easier to pay credit card bills since they accept digital payments. In this article, we will explain to you different platforms that you can use to make credit card bill payments to ensure that the process is as convenient as possible.
Why Choose Online Credit Card Bill Payment?
Online credit card bill payment offers several advantages that make it the preferred method for many cardholders:Online credit card bill payment offers several advantages that make it the preferred method for many cardholders:
1. **Convenience:** You are able to do your bills payments at any time and from any location with no need to visit a bank branch or even an ATM.
2. **Speed:** Payments are made without delay and may indicate the same day which in most cases is within the working day.
3. **Security:** Many banks and financial institutions employ secure encryption and ever tightening security measures for your transactions.
4. **Record Keeping:** Online payments give a receipt in electronic format and therefore one is able to keep track of expenditure / income earned.
In this article let us consider some of the various options available when making payments on credit card bills.
1. Net Banking
Internet banking is one of the simplest and safest way to pay the credit card bills online. Everyone can get this service from almost all the available banks of the world.
### Steps to Pay via Net Banking:
– Firstly, one needs to visit the official website of the bank in which he or she holds an account and then log in to the portal provided for net banking.
– **Step 2:** Again with the same login credentials, Go to the “Credit Card” tab.
– **Step 3:** Make your selection on the credit card you want to make payment for.
– **Stage 4/ Amount that you wish to pay:** Enter the amount of the cheque you wish to pay out and select which account to append it to.
– **Step 5:** Get the payment confirmed.
Within a short time your payment will be charged to your bank account and the corresponding amount will be credited to your credit card account.
Advantages:
– Immediate payment processing.
– Secure and reliable.
2. Mobile Banking App
Almost all the banks offer their customers mobile apps through which they can interact with the bank and control their credit card credit payment. This is particularly useful for those who would wish to manage their finances through the comfort of their smart phones.
### Steps to Pay via Mobile Banking App:
– **Step 1:** Go to the play store/or the apples app store and search for you’re the mobile application of the bank.
– **Step 2:** Locate yourself in the particular tab, such as ‘Credit Card’ or ‘Bill Payment.’
– **Step 3:** Select the card on which you would like to make the particular payment.
– **Step 4:** Fill the value to be paid and the preferred choice of payment.
– The last step in the payment process is the **Step 5 – Confirm payment.
### Advantages:
– You can pay your bills at any time you feel like it or at any place that you find suitable, by just using your mobile phone to do so.
– Get information on the confirmation of the payment instantly.
3. Credit Card Provider’s Website
The most convenient way you can use to pay your Credit card bills is to directly make payment online on the website of your credit card issuer. Every bank and financial institution provides the users with login credentials wherein they can make payments through the online interface.
### Steps to Pay via Credit Card Provider’s Website:
– **Step 1:** Open the web browser and browse for the credit card provider’s website where you are a registered member.
– **Step 2:** Locate the area for making either a “Payment” or “Bill Payment”.
– **Step 3**: Enter the payment details such as amount for payment and source of payment whether being bank account.
– **Step 4**: Contact the person to confirm whether he/she has made the payment or not.
### Advantages:
– Contrasting between consumers and organizations Direct payments to the credit card issuer.
– Access to all credit card statements as well as the historical records of the said cards.
How To Pay Your Credit Card Bills Online
4. NEFT/RTGS
If you do not have any credit card account with the same bank in which you have your savings or checking account, you can make payment by NEFT or Real Time Gross Settlements.
### Steps to Pay via NEFT/RTGS:
– **1st Step:** One has to navigate their respective banks net banking portal.
– **Step 2:** In this direction, credit card has to be introduced as a beneficiary by providing card number as the account number and the IFSC code of the branch of the bank which has issued it.
– **Step 3:** If you have done adding the beneficiary the go to “Funds Transfer”.
– **Step 4:** Choose NEFT or RTGS, enter payment amount and finally confirm the transaction.
### Advantages:
– Check balances and pay credit card bills through account s in other banks.
– An effective tool of transactions between different banks.
5. UPI (Unified Payments Interface)
UPI can be used to easily transfer amount from an individual’s bank account to the credit card account linked with the UPI ID. Google Pay, PhonePe and Paytm are the most popular payment apps that accept UPI based transaction facility through various Banks.
### Steps to Pay via UPI:
– **Step 1:** You have to get into the UPI app that you have installed in your device, it may be Google Pay, PhonePe etc.
– **Step 2:** Choose the options with a word Pay or Transfer.
– **Step 3:** Insert the UPI ID for your credit card which is commonly connected to your card service.
– **Step 4:** Make the payment in the required amount and complete the payment process with the help of your UPI PIN.
### Advantages:
– Instant payments.
– Another disadvantage of the structure used in this work is that there is no need to enter those beneficiaries or numbers of accounts.
– The ability to integrate it with all the different forms of payment apps.
6. Bill Payment Services
Some of the third party online bill payment options include – PayTm, Mobikwik, Amazon Pay, among others to pay your credit card bills.
### Steps to Pay via Bill Payment Services:
– **Firstly:** First, one has to download a certain bill payment app that he or she prefers.
– **Step 2:** Click on the “Credit Card Bill Payment” option.
– **Step 3:** Here please input the credit card details together with the payment sum.
– **Step 4:** Choose bank account or wallet as payment method.
– **Step 5:** Another important step is confirmation of the payment made for the particular order.
### Advantages:
– Options of payments, which encompass e-wallets, and Unified Payment Interface.
– Practical and simple.
7. Auto Debit Facility
In order to avoid late payment of credit card bills, you have the opportunity to have a standing order with your supplied bank or with the credit card company.
### Steps to Set Up Auto Debit:
– **Step 1:** In order to proceed for an EMI, you need to either access your bank’s net banking site or your credit card providing company’s website.
– **Step 2:** Click on “Auto Debit” option.
– **Step 3:** By using the online provision, go to the bank’s website and input a standing instruction to withdraw money from your savings or checkings account on the date of your choice.
– **Step 4:** Pay the minimum amount due or make the full payment of total amount outstanding to the credit card company.
### Advantages:
– Ensure that you do not default the payment at any given time.
– Assists to maintain a decent credit rating.
8. IMPS (Immediate Payment Service)
IMPS is another real time payment service which permits to transfer the entire amount instantly. This method is helpful if the credit card provider is on the IMPS payment method.
### Steps to Pay via IMPS:
– **Step 1:** Open your bank’s mobile banking application and register yourself in the application or if they do not have a mobile app, then use their net banking site to register yourself with the bank.
– **Step 2:** A funds transfer option is seen on the horizontal menu bar on the top side of the home page; click on it and from the dropdown list, select IMPS.
– **Step 3:** Fill the credit card number in Account number and the Bank IFSC code for the transaction to be completed.
– Compiles with Payment The fourth step is to input the amount of money that was paid and approve payment.
### Advantages:
– Instant fund transfer.
– Open around the clock, including weekends and other nonworking days.
Tips for Successful Online Credit Card Bill Payment:
– **Pay on time:Using credit cards, it is recommended that one should strive to make the payments before the due date, so as to avoid charges of interests and other penalties on top of the initial bill.
– **Keep receipts:** It is wise to take a snapshot of the receipt after making any purchase online to produce them in cases of disputes and non-delivery of goods.
– **Check for processing time:** NEFT or RTGS may take a few hours or a working day to be completed sometimes; hence, need to be considered.
– **Monitor your credit card account:** From time to time it is important to verify the particulars of your credit card account statement to ascertain that all the payments have been correctly posted.
Conclusion
Whereas making your credit card payments locally is easy, it is also secure and fast to execute the same online. You have multiple ways to integrate with; net banking, mobile applications, UPI, NEFT/RTGS, and integrated third-party applications where you pick what is most applicable to you. Most people use payment methods in the comfort of their homes, without having to go through a lot of inconveniences, you are also able to control your finances well and avoid late payment charges that will affect your credit score.
Ensure that you get a reminder in your calendar or if possible use the auto-debit facility to avoid cases where you may forget to pay you dues. Happy banking!