The Internet has simplified the way we bank. Making payments on your credit card has never been easier. Almost all banks in India have the facility of Internet Banking, and the smaller banks who do not are jumping on the bandwagon to provide the same convenience to its customers. The following are the online credit card payment options:
Credit Card Bill Payment by Online Banking
To pay credit card bill by online banking follow the below steps
Activate your online banking account which is secured with an IPIN.
You can then login and view your credit card purchases, statements, payment dues dates and outstanding amounts.
Select the credit card and click on “Pay credit card bill now”.
You can then select the bank account to be used, enter the amount you wish to pay and make the payment.
Online Banking is the fastest way to pay your bill as the turnaround time is usually immediately or on the same day.
Credit Card Bill Payment by Debit Cards
This option is available with some banks such as ICICI Bank via its portal Click to Pay. With this facility, customers can select their card type, enter the card number and verify the payment through a payment gateway. The transaction is processed immediately.
Credit Card Bill Payment by NEFT/IMPS
You can login to any other bank’s online banking service and make a transfer of money using the National Electronic Funds Transfer (NEFT) or Immediate Payment Service (IMPS). You cannot use RTGS to make a credit card payment. NEFT and IMPS are accepted all over India and is one of the easiest ways to make a payment.
To make a payment, you can enter the Internet Banking facility of the bank of your choice.
Select NEFT and enter the information accurately which includes beneficiary name, account number, bank, branch and IFSC code.
NEFT can take upto 1 working day to be processed.
For IMPS, you can follow the same method but it will be processed instantly.
credit card bill payment Credit Card Bill Payment by Bank Browser and Mobile apps
Banks have special applications on browsers as well as their own mobile banking app which can be used to make payments towards the credit card bill. These are also considered online portals. Mobile apps are convenient as you can make payments from anywhere and at any time. Simply login to the app, select credit cards and make the payment.
Payment of Credit Card Bill by Standing Instructions
You can set standing instructions online with your bank to automatically debit the credit card payment amount from your savings account. You can choose to always pay the bill in full or pay just the minimum amount due.
Payment of Credit Card Bill by Other Portals
Banks may have tie ups with other companies to provide you convenient ways to pay your credit card bill. Visa Money Transfer is one such portal which usually takes about 2 working days to be processed. Billdesk is another portal used by many major banks.
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