Step-by-Step Guide to Paying Your Credit Card Bill: Smart Methods for Timely Repayment

Credit cards offer a convenient way to manage every day and occasional expenses without relying on cash. While cardholders can pay their bills any time before the due date, payments are typically expected within 21 to 25 days of the statement being generated. Timely repayment is essential to maintain a healthy credit score

Simplifying Payments with Automation.

The most efficient way to stay current on your credit card dues is by enabling automatic payments. This ensures bills are settled on time without manual intervention. For those who prefer more control, several manual payment options are also available.

Online Payment Methods

Digital channels have made credit card bill payments fast and accessible. Funds are transferred from your bank account to your credit card account using:

• Net Banking: Log in to your bank’s portal and pay directly.
• Mobile Banking Apps: Many issuers offer apps with built-in payment features.
• IMPS & NEFT: Use Immediate Payment Service or National Electronic Funds Transfer for secure interbank transactions.
• Auto-Debit: Set up recurring payments through your bank to avoid missed due dates.

Offline Payment Methods

If you prefer traditional methods, consider the following:

• Phone Payments: Call the customer service number on the back of your card. Have your bank account details ready for authorization.
• Cash Deposits: Some banks still accept cash payments at branches or ATMs. Check your issuer’s current policy before proceeding.
• Cheque Payments: Mail a cheque to your card issuer following the instructions provided in your monthly statement.

Why Timely Payments Matter

Paying your credit card bill on time helps avoid penalties, protects your credit score, and enhances eligibility for premium credit products. While online and phone payments offer convenience, using another credit card to pay your bill is discouraged. Stay informed about your billing cycle and due dates to manage your credit responsibly.