Credit Cards make payments a whole lot easier. You can buy now and pay later at your convenience. However, failing to pay your Credit Card bills on time can lead to heavy penalties and interest charges on the outstanding amount. Thus, it is of utmost importance to clear all your Credit Card dues before the due date. Here’s everything you need to know about the various ways in which you can pay your Credit Card bills on time and avoid penalties and charges.
Credit Card Bill Payment Options
When it comes to paying Credit Card bills, online payment options are by far the easiest and quickest. Making Credit Card payments online takes only a few minutes. It can be done from almost anywhere in the world, at any time. Let’s take a look at some of the popular methods of online Credit Card bill payment.
1. Through a dedicated Credit Card online portal
If your Credit Card issuer has a dedicated online portal, you can follow the general steps given below to make the payment:
- Visit the online portal of your Credit Card issuer
- Log in using the user ID and password given to you
- Once you’ve logged in, initiate the payment for your Credit Card bill
- You will likely be redirected to a payment gateway
- Here, you can choose the mode of payment, such as a Debit Cardor Internet Banking
- After you’ve chosen the mode and made the payment, you will be redirected to the online portal once again
- Your payment will most likely be reflected almost immediately in your account.
2. Using Internet Banking or a mobile banking app
This method of payment is perfect for people who have availed a Credit Card from a bank in which they already have an account. For instance, if you hold an ICICI Bank Credit Card as well as an ICICI Bank Savings Account, you can pay your Credit Card bills using Internet Banking or iMobile. Here are the steps that you’ll need to follow:
- Log into the Internet Banking portal / mobile banking app of your bank
- Once you’ve logged in, navigate to the ‘Credit Card’ section
- Select the right Credit Card and make the payment
- Your bank will debit your bank account and credit the same towards your Credit Card almost instantaneously.
3. Through NEFT or IMPS
NEFT
You can also pay your Credit Card bills through National Electronic Funds Transfer (NEFT) facility of your bank’s Internet Banking platform. Here’s how :
- Log into your bank’s Internet Banking platform using your login credentials
- Navigate towards the ‘Funds Transfer’ section of the portal
- Add your Credit Card as an account payee, i.e., beneficiary
- While adding the beneficiary, enter the Credit Card Number as the Account Number
- Enter the IFSC For getting the relevant IFSC code, you will have to refer to your Credit Card provider. For instance, the IFSC for ICICI Bank Credit Cards is ICIC0000103
- Once you’ve added the beneficiary, you can make the payment either through NEFT or IMPS
IMPS
You can also pay your Credit Card bills through the Immediate Payment Service (IMPS) facility of your bank’s Net Banking platform. Here’s how:
- Log into your bank’s Net Banking platform using your login credentials
- Go to the IMPS page
- In the ‘Beneficiary Account Number’ field, enter your Virtual Card Number which is a combination of : 91 + Your 10 Digit Registered Mobile Number + Last 4 digits of your Credit Card For example: If your mobile number is 9999999999 and the last 4 digits of your Credit Card are 1111, then the Beneficiary Account Number should be: 9199999999991111
- Enter the IFSC code. For getting the relevant IFSC code, you will have to refer to your Credit Card provider. IFSC for ICICI Bank Credit Cards is ICIC0DC0098
- Once you’ve added the beneficiary, you can make the payment through IMPS
Disclaimer: If you hold Multiple Credit cards with the same last 4 digits, please make payment using other payment modes
4. Through UPI
You can even make your Credit Card bill payments through the Unified Payments Interface (UPI). All that you need is an app that supports UPI payments and the relevant UPI ID for your Credit Card. Listed below are the steps that you’re required to follow:
- Open your UPI payments app on your smartphone
- Initiate a new payment.
- Enter the UPI ID for your Credit Card. For ICICI Bank Credit Cards, the UPI ID would be ccpay.<10-digit mobile number><last 4 digits of card>@icici
For example, if your mobile number is <9999999999> and the last four digits of your card are <1234>, your new UPI ID will be: ccpay.99999999991234@icici
- Once you’ve entered the UPI ID, complete the payment through the app.
Conclusion
Online modes are the easiest, quickest and most convenient way to pay your Credit Card bills. However, some of you might prefer to do this through offline modes. For doing so, you can visit any branch of the bank that has issued your Credit Card to make the Credit Card payment over-the-counter. Contact your Credit Card provider’s customer support team to know about specific steps to pay your Credit Card bill offline.