To make your credit card bill payment before the due date is critical for your financial well-being. You can also get rewards on timely payment of your credit card bill.
Credit card is a handy financial tool that comes with an array of benefits. The best credit cards come with many features to provide a flexible mode of payment.
However, clearing the outstanding dues on time is an important part of using a credit card. To avoid a late fee, you need to remember the due date and outstanding amount of your credit card statement.
Credit card bill payment is available through various methods online as well as offline. You can save as well on Credit card bill payment with various offers. Meanwhile, check the Credit Card offers to save on your every transaction.
Update: Currently, PhonePe credit card bill payment offer is not showing on the app. We will update the offer once a new offer is rolled out.
You can get various rewards with credit card bill payment offers such as shopping vouchers, fee waiver etc. On top of that e-wallets such as PhonePe & Paytm come with exciting offers as well. PhonePe offers a scratch card with up to Rs. 1,000 cashback on first every credit card bill payment of user.
You also get attractive discounts offers on bill payment every month. Similarly, Paytm credit card offers help you save on your bill payment. Meanwhile, check the different methods of credit card bill payment.
NEFT/RTGS Fund Transfer
Auto Debit Facility
Internet Banking: Online banking is possibly the simplest method for credit card bill payment. Login to your net banking account and make the payment directly. You need to have a savings account
NEFT Fund Transfer: In case you don't have a savings account with the credit card issuer you can make your payment through NEFT facility. Add your credit card number as the payee account number to make the payment. The payment is credited the same day if you make payment during the working hours.
Billdesk: On visiting your bank's website you can make credit card bill payment through bill desk. Enter the required details such as credit card number and payment amount. You can make payment through debit card or net banking account of partner banks.
Auto Debit Facility: If you activate Auto debit facility your bank account will be automatically debited on the due date. By choosing the Auto debit facility you don't have to remember the due date of your credit card bill. However, you need to maintain sufficient balance for bill payment.
E-wallets: Paytm & PhonePe are popular platforms that provide credit card bill payment facility. You need to link your debit card or savings account to make the payment.
Cheque or Demand Draft
Credit Card Bill Payment at ATM: The debit card from your credit card issuer allows you to pay credit card bill without any extra charges. Simply walk into an ATM of the bank and select bill pay option on the screen.
Enter your 16 digit credit card number to see the total outstanding due and minimum due amount. Your bank account linked to your debit card will automatically get debited with the amount.
Note: You can only pay the same bank credit card bill payment through ATM.
Over the counter payment: You can pay your credit card bills in cash at any of the nearest branches of the issuer bank. On cash payment of your credit card bill, a processing fee will be charged.
Note: The payment through ATM is instant while the cash deposit will take one day to process.
Cheque or Demand Draft: You can also draw a cheque in favour of the credit card account and drop it at any bank branch. However, credit card bill payment through cheque can take up to 3 working days for the same bank.
Generally, the credit card bill payment by internet banking takes the shortest processing time. The cheque payments can take up to 7 days. Therefore, always take note of the processing time before your credit card bill payment.
If you miss the due date for payment of the minimum amount a fee is levied. Your card can also be blocked. This also impacts your credit score.
We hope the information provided is helpful. Keep coming back for more amazing offers to save on every transaction.