What is the best way to make the payment of Credit Card bills

Updated on: 13 Jun 2024

Due to your busy schedule and on-the-go lifestyle, you may struggle to pay credit card bills on time. Failing to make timely payment of your outstanding balance will lead to piling up of interest with late payment charges. To avoid this additional cost, you can also pay the minimum balance if that fits your budget better. Either way, pay on time to avoid additional charges and keep your creditworthiness intact. To make the process simpler, card issuers allow you to make these payments through several convenient online and offline options.

To learn about the various payment channels that are ideal for your unique financial needs, read on.

How Do You Pay a Credit Card Bill Online?

In this digital age, there’s no longer a need to juggle a pile of paperwork to clear your outstanding balance. Online bill payment has revolutionised the process by making it quick, easier and hassle-free.

Here are the different online modes you can follow:

Net Banking

With these simple steps, you can simply pay your credit card bills at any time:

Step 1: Visit the credit card portal of the issuing bank and log in using your credentials
Step 2: Select your credit card and choose the mode of payment and account
Step 3: Complete the transaction
Step 4: Note that the transaction can take 3 to 5 working days to reflect, so plan your payment accordingly

Auto-debit Facility

This facility permits your card issuer to automatically debit the billing amount from your savings account. Here is how you can opt for this feature on your credit card:

Step 1: Log in to your credit card account using your credentials
Step 2: Select the auto-debit facility and choose the bank from which you make the payment
Step 3: Choose the payment amount (total outstanding balance or minimum payment due)
Step 4: Set up recurring payments by establishing an e-mandate
Step 5: Confirm to activate the auto payment service, which will take a few business days

However, ensure that you maintain the ideal balance so that you can honour the e-mandate and the transaction doesn’t fail.

Mobile Wallet

Third-party payments, such as Google Pay and PhonePe, provide a compelling solution to make quick credit card bill payments. Follow these steps to make payments through a mobile wallet:

Step 1: Go to a third-payment app and click on ‘Pay Bills’ tab
Step 2: Select the ‘Credit Card Bill Payment’ option, enter your card details and amount
Step 3: Select wallet as a payment option and confirm the payment

Note that you must maintain the required funds in your mobile wallet to complete your payment.

How Do You Pay a Credit Card Bill Offline?

If you want to go by the tried and tested offline method of payments, card issuers provide a space for that as well. The following are some of the channels you can utilise:

At ATMs

If you have a credit card from the same bank where you have a savings account, you can also pay the bill via an ATM. Follow these steps to make your payment:

Step 1: Place your debit card into the machine slot of your bank’s ATM
Step 2: Select the ‘Credit Card Bill Payment’ option
Step 3: Follow the instructions on the screen to complete the bill payment

Through Customer Care

Customer care can also help pay your bill in special cases. However, you must have the same credit and debit card provider to enjoy this facility. You can call your credit card customer care and request them for the bill payment facility. The bank will transfer funds toward bill payment after confirming and verifying your details.

Visiting Branch

If you want to clear your billing amount in cash, you can visit the nearest branch of your credit card issuer. Here, you can submit the cash amount and make the payment. However, make sure to collect the payment receipt as proof of payment. The issuer may levy a nominal charge if you opt for this facility.

How to Pay Credit Card Bills from Another Credit Card?

While it is not generally advisable, you can use another credit card to pay off your existing balance. Here are some of the methods you can use:

Balance Transfer Facility

If a card allows you to transfer your credit balance from another card at a reduced rate and a nominal fee, it can be a great idea to avail of this facility. Here are a few things to consider before applying for this feature:

Choose a balance transfer facility that offers attractive interest rates
Be cautious of the temporary impact of balance transfer on your credit score
Compare the transaction fee charged for balance transfer by different lenders if you are getting a new card

Pay Through e-Wallets

Third-party applications also allow you to use another card to pay credit card bills. Follow these simple steps to pay through a mobile wallet:

Open the payment application on your mobile phone
Transfer the required funds from your credit card to your wallet
Select the ‘Credit Card Bill Payment’ option and pay through your mobile wallet

Using the aforementioned options, payment of credit card bills is as easy as it can be. Be wary of the due date and try clearing your dues without any delay. If you plan to get a credit card, you may opt for the latest offering from Fibe.

With the Fibe Axis Bank Credit Card, you can enjoy quick and seamless payment payments through diverse channels. Being India’s first numberless, it comes with enhanced security features, making your every transaction safer. Simply download the Fibe App or register on our website to apply and enjoy a wide array of exciting features!

FAQs on How to Pay Credit Card Bills

How can I pay a credit card bill online?

To pay your credit card bill online, follow these channels:

Log in to your credit card net banking account or mobile app and make payments through the different modes available
Pay the due amount through NEFT and IMPS from your savings or current account
If your card is linked to any payment apps, you can also use that for bill payment of credit cards

Is it good to pay a credit card bill early?

Paying credit card bills before the stipulated timeline has many advantages, which include the following:

Avoid any late charges on your credit card
It lowers your credit card utilisation ratio and improves your credit score
Paying more than the minimum amount also restores a significant part of your limit, allowing you to make the most of your card