March 7, 2025
With the use of a credit card, you can pay for everyday, recurring, and occasionally sporadic expenses without using cash. Although a credit card user can pay their bill before the due date, they are expected to do so within the 21- to 25-day period following bill generation. Avoid paying credit card bills after the due date if you want to maintain a strong credit score.
Setting up automatic online payments is the simplest way to pay your credit card. However, there are also more manual options.
Online Modes of Payment
Money is moved from a bank account to a credit card account when many people use their credit cards to make online payments. You can also use your credit card app to make payments if your credit card provider allows mobile banking. Online payments have grown in popularity since they are simple to make and even more convenient with autopay enabled Net banking, IMPS, NEFT, and auto-debit options are some online methods.
Offline Modes of Payment
Via Phone
Call the number listed on the back of your credit card if you wish to pay with a credit card over the phone. Ensure you have the bank account number of the checking or savings account from which you want the money debited before calling.
Using Cash
While some credit card companies continue to accept cash deposits at ATMs or bank branches, others have started limiting or discontinuing this option. Before attempting to make your payment with cash, review the policies set by your credit card provider.
You can, however, send a paper check to your credit card issuer. Your credit card statement will contain the steps to follow.
Building excellent credit and avoiding penalties require on-time credit card payments. Online or phone payments make this simple, but using another credit card to pay a bill is not recommended To avoid late payments and penalties, keep track of your billing cycle and due date. By effectively managing credit card payments, you can improve your credit score and qualify for premium credit cards.
