By the end of 2019, the number of Indian credit card users crossed 50 million. The number is expected to grow by 25% during 2020-2025. The numbers reflect the popularity of credit cards as a payment option and also as a financial tool. Nowadays users can avail different types of credit cards for travelling, shopping, and for several different needs.
Different credit card bill payments methods
If you are a credit cardholder, there are several ways in which you can pay your credit card bills. Below we discuss them in detail.
- Online Bill Payment of Credit Card Bills
The advent of internet banking has made it feasible for users to access banking services without physically visiting the bank. A prominent part of those services is the online payment of credit card bills. This can be done in several ways such as through NEFT, Net Banking, Mobile wallets, RTGS, IMPS, etc.
- Offline Bill Payment of Credit Card Bills
Some banks allow their users to pay credit card bills offline through their customer care extension. Customers also have the option of paying the bills through an ATM kiosk (of the bank in which they have an account) or by visiting the branch office of their bank.
There is also an option of paying bills by drawing a cheque or DD.
How are online credit card payment methods helpful?
Online credit card payments can be done easily, at any time. You don’t have to worry about visiting your banks physically.
- Highly secure
Credit card payments online are backed by secure logins and multiple identity authentication stages.
- Maintenance of records
Once you make the bill payment online, you can instantly save a digital record and review it easily at any later stage.
- Beneficial for environment
Your bills are generated electronically, thus eliminating the need to use paper, stamps, ink, etc.
Credit Card Payment Methods of Leading Banks
|Bank Name||Credit card payment method|
|RBL bank credit card payment||If you choose Net Banking, you can do that through an RBL bank account or through a non-RBL bank account.
RBL bank also accepts all debit cards for online payment of credit card bills.
You can also use UPI and NEFT.
RBL bank allows you to make payments through NACH, cash, and cheque.
|Citi bank credit card payment|| For Citi bank account
You can choose either Citibank online or Citi mobile.
For other bank accounts
You can choose from IMPS, NEFT, RTGS, ACH/ECS, etc.
|SBI credit card payment||You can avail several options such as Online SBI, NEFT, YONO, Debit card, UPI, via mobile app, SBI auto-debit option, etc.|
By paying your credit card bill on time, you can keep a healthy credit score. Banks offer online and offline modes of payment through which you can easily clear your dues.
Sachin Raturi is the Co Author Of International Bestselling And Award-Winning Book “The Growth Hacking Book 2”.
Sachin has been a considerable contributor and firmly collaborates with various global organizations and start-ups. He has been working with many connectors and influencers throughout the world. His central goal is always to inspire people, to help others in finding their passion to be successful. He is known as one of the super-connectors in society.