How do you make credit card payments? Is it online or offline? If online, what type of internet banking payment methods do you use? A majority of credit card users prefer making credit card bill payments through internet banking today. Show
Remitting credit card bills through internet banking is preferred over other means of payments in several ways. It is simple and convenient. Payments through internet banking can be through mobile banking, auto-debit, electronic bill payments, debit cards, national automated clearing house, RTGS, IMPS, and NEFT. Each of these online payment options has its own advantages. Let’s understand how IMPS and NEFT work. Methods to Pay Credit Card Payment OnlineThe Internet has simplified the way we bank. Almost all banks in India have the facility of Internet Banking and some others are taking help of third-party bill payment services to provide online payment channels. Listed below are various options through which you can pay your credit card bill online.
Pay Credit Card Bill Online Using Net BankingCredit Card payment processing time - Instant (from same bank's savings account) One of the simplest methods to make credit card bill payment online is to use your net banking account. If you have a savings account with the credit card issuer, your job becomes much easier as you simply need to register your credit card in your existing net banking account and make the payment directly. Even when you don't have savings account with the card issuer, you can open an internet banking account for your credit card and make payments directly from the online account. Click the below links to know how to pay credit card bill of major banks using your net banking account.
Pay Credit Card Bill Online Through NEFTCredit Card payment processing time - Within one working day
Adding a new card would take 30 minutes to 24 hours based on your bank. You need to wait till the card is added and then initiate the NEFT funds transfer. To know the process for NEFT credit card bill payment of various banks, please follow the links below.
How To Pay Credit Card Bills Through IMPS
Pay Credit Card Bill Online through BillDesk
Pay Credit Card Bill using Mobile wallets and Payment systems
Bill Payment through PhonePe
Bill Payment through PayTM
Bill Payment through MobiKwik
Bill Payment through Google Pay
Pay Credit Card Bill Online through Auto Debit FacilityCredit Card payment processing time - On the payment due date
How To Pay Credit Card Bill Online With Other BankHere are some of the best ways to pay credit card bill online with other bank. Net BankingThe following are the steps to pay credit card bill through net banking:
Methods to Pay Credit Card Payment OfflineWhen you don't have access to the internet, you can use any one of the offline methods to make your credit card payment. Listed below are various non-internet ways to make your credit card bill payment.
Let's look at each method in detail. Pay Credit Card Bill Offline by Calling Customer CareCredit Card payment processing time - Instant
IMPSGiven below are the steps to pay your credit card bill through IMPS:
NEFTHere are the steps to pay your credit card bill through NEFT:
Pay Credit Card Bill Offline Through the ATMCredit Card payment processing time - Instant
Pay Credit Card Bill Offline at the Bank Branch OfficeCredit Card payment processing time - 1 working day
Pay Credit Card Bill Offline by Drawing a Cheque/DDAnother offline credit card payment method is to draw a cheque or demand draft (DD) in favour of the credit card account and drop it at any bank branch or ATM drop box. The cheque or draft should favour the respective credit card account (write the 26-digit credit card number on the cheque) and it should also contain your name and contact number on the reverse side. If your cheque issuing bank and the card issuer are the same, your cheque will be processed within 3 working days, if they are not the same, it will take 5 working days, outstation cheques will be cleared in 12 - 21 working days. Hence, make sure to pay your bill in accordance to the cheque clearing timelines so that the payment would reflect on or before the due date. Benefits of Paying Credit Card Bills Online
Important Tips While Making Online Payments
Credit Card Billing CycleCredit card billing cycles refer to the period during which your credit card bill is generated. The transactions made on your credit card during the credit card billing cycle will reflect on your card statement. For example, if your credit card statement is generated on the fourth day of every month, then your credit card billing cycle will start on the fifth day of the previous month and will end on the fourth day of the current month. All the transactions made during this period will reflect on your credit card statement generated on the fourth day of the month. It is important to note that credit card cycle may vary between 27-31 days and may vary from bank to bank and the type of card availed. How Does a Billing Cycle Work?The billing cycle starts the day your card is activated. Depending on your credit card, even though you may not have made any transaction, the card may charge activation fee which will reflect on your statement generated next month. In case you are looking to transfer your balance to your credit card, then all the previously completed transactions get added to it. Other charges such as EMIs, finance charges, fuel surcharge waiver, amount refunded, etc. will all reflect on your next month statement. It is your duty to ensure you pay the credit card for the bill generated during the cycle. Once you make any transactions on the 6th day of the month, then the bill for it will be generated in the next month’s bill for which you will have more time to pay. FAQs on Credit Card Bill Payment
How can another person pay my credit card bill online?Set up the credit card company as a payee with your bank.
Simply add the name of the credit card company as a payee and include the account number of the person whose bill you want to pay. If you want to pay the person's credit card bill online, this is usually going to be your easiest option.
What ways can I pay someone with credit card?3 ways to pay a friend with a credit card. Cash App. The Cash App, formerly known as Square Cash, is free to download and accepts credit and debit cards. ... . Venmo. Venmo requires you to sign up for an account through Facebook or your email. ... . PayPal. ... . Apple Pay. ... . Google Pay. ... . Zelle.. |