February 14, 2025
A credit card bill includes more information about your purchases and spending patterns than just the amount owing and total purchases made during that period. Along with these, there are extra charges to consider, which you should be aware of because they can significantly increase the overall amount you owe.
Missing a credit card payment will have negative effects on the amount you have to pay. The majority of banks and credit card firms charge late payment fees based on how long it takes to clear an outstanding debt.
The charges and penalties associated with a bill increase as it is cleared later. It is advisable to pay a bill as soon as you receive it to avoid forgetting to pay it, which could result in an expensive mistake.
Paying your credit card bill on time is vital to maintaining a strong credit score and avoiding late fees or penalties. Digital advancements in banking allow online payment, offering multiple ways for banks to manage payments according to individual preferences.
To pay credit card bills online, download and open the bank's official mobile application, log in using your credentials, select 'Bill Payment' in the 'Credit Card' section, enter the payment amount (full, minimum due, or custom), and confirm your payment.
To make a credit card bill payment using Internet banking, log into your bank's Internet banking portal, navigate to the 'Credit Card' section, select 'Pay Credit Card Bill', enter the payment amount, and confirm the transaction. If you have more than one credit card with the same bank, select the correct one for the bill payment.
To pay credit card bills online, log into your bank's online portal, add your credit card as a beneficiary or 'biller', select 'send to the beneficiary' in the fund transfer section, or choose 'Merchant Payment' in IMPS, enter the required details, enter the amount, and confirm your payment.
To avoid missed payments, set up an auto-pay system in your bank account. Log in to your Internet banking account or mobile app, select 'Auto-Debit Setup' in the credit card section, choose to pay the full balance or minimum due, confirm auto-debit preferences, and authorize the transaction.
Hence these are some simple ways in which one can pay their credit card bill online.
