Santa Claus comes around just once a year. In the meantime, there are Credit Cards.
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    Credit Card Bill Payment

    It is important to pay your credit card bill on time and duly every month. Learning the best way for you to pay your bill will help you avoid missing the payment due date and incurring penalties. Paying your credit card bill can be a hassle if you don’t know what you’re doing. Banks usually offer a variety of payment modes for customers to make payments. Some of the instruments you can use to pay your credit card bills are cheques, demand drafts, cash, debit cards, and other bank’s credit cards. You can make payments via the following methods which include Internet banking, NEFT, ATMs, drop-boxes, bank branches, post, and other online portals.

    Online Credit Card Bill Payment

    credit card bill payment

    The Internet has simplified the way we bank. Making payments on your credit card has never been easier. Almost all banks in India have the facility of Internet Banking, and the smaller banks who do not are jumping on the bandwagon to provide the same convenience to its customers. The following are the online credit card payment options:

    Credit Card Bill Payment by Online Banking

    To pay credit card bill by online banking follow the below steps

    • Activate your online banking account which is secured with an IPIN.
    • You can then login and view your credit card purchases, statements, payment dues dates and outstanding amounts.
    • Select the credit card and click on “Pay credit card bill now”.
    • You can then select the bank account to be used, enter the amount you wish to pay and make the payment.
    • Online Banking is the fastest way to pay your bill as the turnaround time is usually immediately or on the same day.

    Credit Card Bill Payment by Debit Cards

    This option is available with some banks such as ICICI Bank via its portal Click to Pay. With this facility, customers can select their card type, enter the card number and verify the payment through a payment gateway. The transaction is processed immediately.

    Credit Card Bill Payment by NEFT/IMPS

    You can login to any other bank’s online banking service and make a transfer of money using the National Electronic Funds Transfer (NEFT) or Immediate Payment Service (IMPS). You cannot use RTGS to make a credit card payment. NEFT and IMPS are accepted all over India and is one of the easiest ways to make a payment.

    • To make a payment, you can enter the Internet Banking facility of the bank of your choice.
    • Select NEFT and enter the information accurately which includes beneficiary name, account number, bank, branch and IFSC code.
    • NEFT can take upto 1 working day to be processed.
    • For IMPS, you can follow the same method but it will be processed instantly.

    Credit Card Bill Payment by Bank Browser and Mobile apps

    Banks have special applications on browsers as well as their own mobile banking app which can be used to make payments towards the credit card bill. These are also considered online portals. Mobile apps are convenient as you can make payments from anywhere and at any time. Simply login to the app, select credit cards and make the payment.

    Payment of Credit Card Bill by Standing Instructions

    You can set standing instructions online with your bank to automatically debit the credit card payment amount from your savings account. You can choose to always pay the bill in full or pay just the minimum amount due.

    Payment of Credit Card Bill by Other Portals

    Banks may have tie ups with other companies to provide you convenient ways to pay your credit card bill. Visa Money Transfer is one such portal which usually takes about 2 working days to be processed. Billdesk is another portal used by many major banks.

    Benefits of Paying Credit Card Bills Online

    • Saves time and effort:

    Paying your credit card bill is quick and easy. It saves a lot of time which you would’ve otherwise spent on visiting the bank or ATM.

    • Convenience and Comfort:

    Online payments can be done from the comfort of your own home or office. You can also make payments through your mobile or computer from anywhere around the world.

    • Safe and Secure:

    Online Banking is secure with the IPIN or other ways of authenticating your identity. Banks provide safety features that ensures your privacy and identity are protected. It eliminates the risk of losing money or information in the mail or anywhere else.

    • Easy Records:

    When you use online banking facilities, everything is recorded instantly and is available for your review anytime you need. All your information is automatically organised and available at one place. This makes it convenient when you’re budgeting and filing taxes.

    • More Control:

    You can choose to pay the minimum due, the full amount or any amount that you desire when you pay your credit card bill online. You can change your choice with each bill.

    • Eco-friendly:

    Making payments online saves paper, cheques, envelopes, stamps, and receipts. It also eliminates clutter when you receive all your statements and receipts electronically.

    Important tips while making online payments:

    • Check Your Credit Card Statement - Before you make any payments towards your credit card bill, you can check your online statement. Ensure all charges to the card are correct and note the exact amount you need to pay on the payment due date.
    • Processing Time - Always check the time it would take for your payment to be processed when you are paying your credit card bills. For payments made through the bank’s internet banking facility, the turnover time is usually the same day. So this option can be used to make payments on the due date without the risk of incurring a penalty. Other online methods can take 1 working day upto 5 working days. IMPS transfers will be made immediately, but NEFT facility is available only during stipulated working hours of the respective banks.
    • Provide Accurate Information -Make sure you are accurate when entering your credit card number, bank account number and other details. Take the time to double-check the information you have provided and make the payment for the right amount.

    Offline Credit Card Payment

    Pay Credit Card Bill using Electronic Clearance Service (ECS)

    You can set standing instructions with your bank or any other bank to make payment towards your credit card every month. The payment will be made towards the minimum amount due or the total amount due as per your preference.

    Payment of CC Bill with Debit Cards

    You can use your debit card at the bank’s ATM to clear your credit card dues. Simply select the option of Bill Payment and follow the instructions of the ATM.

    The money will be debited from your savings or current account.

    Pay Credit Card Bill Over the counter

    You can visit any branch of the bank and pay your bill over the counter in cash. A fee is usually charged for this service.

    Credit Card Bill Payment by Cheques and Demand Drafts

    You can write out a cheque favouring your credit card and deposit it in either a drop box or a cheque payment machine. These are available at the bank’s ATMs or branches.

    Payment of Credit Card Bill through SMS

    A few banks have the facility to send an SMS to a designated number. The SMS should contain the whole or part of your savings or current account number and your credit card number. This facility usually has a ceiling limit on the amount you can pay.

    Credit Card Statement

    Your credit card statement is a letter containing your credit card activity for the current month. Your purchases will be recorded and charged in your statement. You can see the total amount you owe, the minimum amount due and the due date. Credit card statements will give you a breakdown of the expenditure and the interest charged, if any. This statement is generated on the stipulated billing date and will be sent to you via post or email. The statement should reach you within 7-10 days. If you do not receive your statement, you should contact the bank immediately. Credit Card Statements are a record of your expenditure on your credit card and can help you analyse your purchases and budget better in future.

    Offers on Credit Card Payments

    Currently there are no offers available on Credit Card Payments.

    Earlier offers included HDFC SmartPay and ICICI bank.

    • With SmartPay, customers would receive 5% cashback for the first 6 months of registration. Processing fees were waived. 1,000 reward points were granted for new registrations. This offer expired on 31st December 2015.
    • ICICI Bank also offered free discount vouchers worth Rs. 5,000 from Coupondunia if customers used the ICICI Internet Banking to pay any VISA credit card bill. This offer expired on 31st December 2015.

    Look out for more credit card payment offers.

    Bank’s Credit Card Payment:

    For more information on individual bank’s credit card payments, please click on the links below.

    HDFC Credit Card Payment

    ICICI Credit Card Payment

    Axis Credit Card Payment

    SBI card payment

    Citibank Credit Card Payment

    Standard Chartered Credit Card Payment

    Kotak Mahindra Credit Card Payment

    HSBC Credit Card Payment

    Union Bank of India Credit Card Payment

    American Express Credit Card Payment

    Bank of Baroda Credit Card Payment

    IDBI Credit Card Payment

    RBL Credit Card Payment

    Bank of India Credit Card Payment

    Corporation Bank Credit Card Payment

    Syndicate Bank credit card online payment

    Karur Vysya Bank Credit Card Payment

    Yes Bank Credit Card Payment

    PNB Credit Card Payment

    State Bank of Hyderabad Credit Card Payment

    Andhra Bank Credit Card Payment

    Allahabad Bank Credit Card Payment

    Canara Bank Credit Card Payment

    Vijaya Bank Credit Card Payment

    OBC Credit Card Payment

    IndusInd bank Credit Card Payment

    Bank of Maharashtra Credit Card Payment

    Central Bank of India Credit Card Payment

    DCB Bank Credit Card Payment

    Indian Bank Credit Card Payment

    Indian Overseas Bank Credit Card Payment

    Tamilnad Mercantile Bank Credit Card Payment

    LIC Credit Card Payment

    Credit Card Bill Payment FAQs:

    1. What are the consequences of missing credit card payments?

      You should never miss paying at least the minimum amount due on your credit card. If you do miss a payment, a fee will be levied. The bank may also increase your interest rate. If you continue to miss payments after notifications and reminders, this could result in your card being blocked till the payment is made in full. Upon continuous default, the bank will list you as a defaulter and report you to CIBIL which will impact your credit score and hamper future credit opportunities. Banks also have the right to impose legal action to recover the dues.

    2. When will I receive my credit card statement?

      Each bank sets different credit card billing dates. For example, if the billing date on your credit card is the 20th of every month, the bill will be generated on 20th and sent to you. The payment due date will normally be 10 days later. Your statement will be sent via post or email, as per your preference.

    3. Does it mean my bill is zero if I do not receive a credit card statement?

      Not necessarily. If you haven’t spent on your credit card, you may not receive a statement for that month. If you recall spending on your credit card or you are not sure, and you do not receive a statement, please call your bank’s customer service to ensure that there is no payment to be made. The bill is generated on an assigned date and will be mailed to you via post or email. If you do not receive your statement, it will be your responsibility to check your online banking account, your email or call the bank for clarifications.

    4. Which is the fastest method to pay my credit card bill?

      The fastest method depends on how long your bank takes to process the payment. Generally, the fastest mode of bill payment is online banking where the process is completed immediately or on the same day. IMPS bank transfers are also done instantly.

    5. How long do cheque payments take to be processed?

      Cheque payments can take up to 7 working days. You must take into account weekends and holidays, and the cheque collection timings. Ensure your cheque is deposited ahead of the due date to avoid missing the payment. Also double check the information you have provided in the cheque to make sure it does not get rejected due to any errors or missed signatures. Also ensure your bank account has sufficient balance for the cheque to clear.

    News About Credit Card Bill Payment

    • You Can Now Pay Your Credit Card Bills on PhonePe

      Headquartered in bangalore, PhonePe is a Fin-Tech company that allow their customers to make payments online using Unified Payments Interface(UPI). UPI is a payment system that was introduced by The National payments Corporation of India(NPCI) and is regulated by the Reserve Bank of India. UPI allows the customer to transfer funds between banks instantly using a mobile platform.

      Recently, Sameer Nigam, CEO of PhonePe, stated in his email reply that in the next few months PhonePe will add few more credit cards to their network. He further stated that a customer does not have to provide the IFSC code to make a credit card bill payment on PhonePe. Going forward, they can make the credit card bill payment by entering their credit card number and the UPI or debit card details.

      He also stated that NPCI has not set an limits on debit cards, so customers can pay their credit card bill even if their outstanding bill amount is high. On the PhonePe app, customers will be able to see the credit card bill payment option under the “Recharge and Pay Bills” section. Though currently, the app gives an image that PhonePe is supporting only cards that fall under the Visa network, they are planning on adding other network cards soon.

      16th October 2017

    • No Double Charge On Credit Card Bill Payments Made By Credit Card Under GST

      With the launch of GST on July 1st, 2017, a number of rumours and theories have been flying around regarding the revised taxation structure. One such rumour circulated on WhatsApp urging people to use alternate means to pay their utility bills as the government would be levying GST on the utility bill as well as on the credit card bill. The message further stated that this would result in customers paying GST twice.

      The Revenue Secretary debunked this story, issuing a notification on the same where he stated that GST would only be levied once, on the utility bill.

      The credit card bill would not have any additional charge. It is to be noted that GST will be payable at 18% only on interest payments, EMI’s and annual charges.

      10th July 2017

    • IT Department to Scrutinize Loan and Credit Card Payments

      Now, all the cash payments of more than Rs.2 lakhs that were made during demonetization to pay credit card bills and repay loans have to be disclosed in the new 1 page ITR form. This step has been taken after it was pointed out that unaccounted cash might have been used to clear off loans or pay credit card bills. Also, the new cash deposits column that was introduced in the ITR from November 9 to December 30, 2016 will not be present from next year.

      12th April 2017

    • Demonetisation and credit cards payments: Relief For Oil Companies As MDR To Be Borne By Centre From March 31st

      According to sources within the government, the MDR (merchant discount rate) will be now be borne by the Centre, shifting the cost from the oil companies. The MDR is an additional cost levied on card transactions at fuel outlets, which is 1% on credit cards and 0.25%-1% on debit cards. The charge is passed on to the banks as a convenience fee and had been waived since demonetisation in an effort to encourage cashless transactions at fuel outlets.

      Banks began asking the oil companies to pay MDR costs from January 1st, 2017, a request that was declined. Following the threat of blocking card payments at petrol pumps, Hindustan Petroleum, Indian Oil and Bharat Petroleum had initially agreed to absorb the MDR cost until a decision on who would be footing the bill was taken.

      However, after both cardholders and oil companies objected to paying the additional fee, the government has ruled that they will be bearing the cost from March 31st, 2017.

      Sources from within the 3 companies have stated that they will be petitioning for retrospective compensation of the MDR cost borne by them since demonetisation was implemented.

      16th March 2017

    • J.P. Morgan plans to invest more for the growth of their credit cards

      In a recent interview, it was announced that the banking giant J.P. Morgan is planning to invest more in their credit card business. The bank has already been investing and spending a lot of money to boost their credit card business from past few many years, this announcement was made specific to the technological upgrades and investment that will help the bank secure a larger market share. J.P. Morgan is one of the biggest banks and credit card issuers in the United States of America, the bank offers credit cards that offers great benefits compared to their competitors. It has been observed that though the bank has been increasing their investments in the credit card business, they are doing extremely well in the credit card market.

      9th March 2016

    • Service charge on transactions withdrawn by railways

      In yet another customer-friendly move, railways has decided to withdraw the service charge of Rs.30 which is charged when a customer makes payment using his/her debit/credit card on any Public Reservation Ticket (PRT) counter across the country.

      June 1st, 2016 onwards customers do not need to pay this excess fee of Rs.30 if they are booking tickets via their credit or debit card. Circulars regarding the same have been issued by the railway ministry to all railway zonal heads and the same is expected to be implemented across all counters in the country. The idea is to facilitate debit/credit card payments at ticket counters so as to counter competition faced by the web booking platform, IRCTC.

      9th June 2016

    • Federal Bank to Collaborate with Transfast Remittance LLC to Speed up International Transfers

      Transfast Remittance and Kerala based private sector lender Federal Bank have announced that they will be working together to speed up online inward remittances to India. The decision was taken to enable the bank’s NRI customers in the United States to transfer money in Rupees to their accounts in India. The tie-up between the two firms will enable faster remittances to NRI accounts based in India from the NRI’s bank accounts in the US, and can even be done through both their debit and credit cards. Customers in the US can now send money to India simply by creating an account on https://transfast.com/send-money-to-india or by downloading Transfast App on their iOS/android mobiles.

      19th May 2016

    • Evernote: Localized Payment Options made Available

      The well-known note-taking app, Evernote has now announced localized credit card payments along with discounted pricing for the Indian market. Localized payments are currently available to MasterCard and VISA credit cardholders. Customers will be able to pay in INR (Indian National Rupees) for Evernote Plus and premium subscriptions using their credit cards. Evernote will also make other payment options available along with Evernote Business. To subscribe to Evernote, the company is offering welcome discounts. Yearly subscriptions are available at Rs. 850. Evernote Premium is available at Rs. 1,500. Evernote has 150 million registered users worldwide, and about 5 million users in the India. This step will help provide a good experience for the users.

      26th April 2016

    • Credit Card Surcharge on Purchase of Railway Ticket and Fuel to be Waived Soon

      As per the proposal approved by the Union Cabinet, the surcharges levied on credit card transactions involving the purchase of railway tickets and fuel, will be waived off in the near future. The convenience fee applicable on all digital transactions will be withdrawn. This is applicable for credit cards, debit cards, mobile wallets, pre-paid cards and so on. This is another step forward on the “Digital India” scheme with the aim of restricting the circulation of black money.

      6th April 2016

    • FreeCharge collaborates with ePaisa to enable offline payments.

      FreeCharge has partnered with Mumbai based payments solution provider, ePaisa to offer offline payments services for ePaisa’s vast network comprising of retailers, stores, restaurants and home delivery companies. FreeCharge wallet users will be able to get discounts and offers through this partnership along with incentives from certain merchants. ePaisa users can make payments without requiring internet and with the 'On the Go' pin from FreeCharge, this facility is further simplified. FreeCharge intends to provide both offline and online payments for customers. The company has tied-up with McDonalds to offer offline payment solutions and with MasterCard and Yes Bank to offer online payment solutions using the FreeCharge Go virtual card. ePaisa has also developed a mobile based interface to enable small businesses to make debit card and credit card payments using tablets and smartphones.

      3rd March 2016

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