Credit cards are instant payment tools that come with a pre-sanctioned credit limit. It eliminates the hassle of carrying cash and increases one’s purchasing power. Some of these cards also come with universal acceptance, penetrating national or international boundaries. Nonetheless, individuals should also make sure that they pay off their credit card bills within the due date to avoid interest accrual and hefty fines.
Late payment or defaulting on your credit card bills creates a negative impact on your credit score. Nowadays, most lending institutions offer multiple payment options so that individuals can pay credit card bill online from anywhere and anytime. So, your worries regarding questions like “can I pay credit card bill with Paytm” may now be addressed. Some of these payment options are listed below.
Simple methods of credit card bill payment –
- Paytm
One of the most common questions asked by borrowers is “can I pay credit card bills with Paytm”. Go through the below-mentioned steps to know how you can pay your bills through this app –
- Go to the Paytm app and click on the credit card option given on the home page.
- Provide your credit card number and choose your card issuer.
- Enter the amount that you wish to pay and select ‘Proceed’.
- Next, choose your bank account and click on the ‘Pay now’ option to complete the payment process.
- Net banking
One can also pay their credit card bills from anywhere and anytime via net banking.To avail this facility with monthly debit, you need to register your contact number and your credit card with your financial institution where the account is held for such payment.
Once you have completed the registration process, you can log in to your internet banking account. Next, you can go through your credit card statement and pay off the outstanding amount via your net banking account.
- NEFT
National Electronic Funds Transfer or NEFT is a system by which funds can be transferred from one bank to another. Accordingly, one can also pay credit card bills online via this option. The steps include –
- Login to your net banking account.
- Provide your credit card number and the name as given on the credit card.
- Enter your issuer’s IFSC number.
- Select the amount you wish to pay and complete the payment process.
- Mobile app
You can also pay credit card bills online via dedicated mobile apps from anywhere and anytime when you opt for credit cards like the Bajaj Finserv RBL Bank SuperCard. Using such dedicated apps, one can perform several functions such as efficiently managing their account, going through their credit card statement besides paying off their credit card bill instantly.
The card issuer also provides pre-approved offers that simplify the loan application process while saving time. These offers are available on several financial products like personal loans, business loans, and the likes. You can check your pre-approved offer by providing a few basic details like your name and phone number.
Now that you have an answer to “can I pay credit card bill with Paytm”, you can consider other payment options as well. The available convenient options to pay your credit card bills include NACH, cash, cheque etc.
However, apart from knowing the payment options, there are several other things you must know about credit card bill payment. It will enable you to pay off your credit card bills in time and plan your transactions accordingly.
Now that you know several payment options, you should pay off your credit card bills by the due date each month and also go through the credit card statement to check for any errors. You must also know how to read your credit card statement correctly to better manage your usage of credit card and make timely bill payment.
