Tagged: Credit card bill payment

Important Note in Credit Card Bill Payment

The credit cards are small rectangular cards that are made out of plastic. The credit card is one of the important inclusion that is important in the digitalised world. It is the card that is used to make payment anywhere and everywhere. You can purchase all the items which are sale in this world with the small card. It is a type of loan that you take from the credit card company for a brief period of time. You make the credit card bill payment to repay the company.

It is one of the important things that is necessary for you to remember. The bill contains all the details about the uses and payments made through it. The credit card is one of the powerful tools when it comes to the making payments. It is always handy when you are short of cash and during emergencies. The interest rate is high on the late bill payment while if you purchase the items through credit card and submit the bill on time then no charges are levied on it.

credit cards

So, if you are the responsible buyer then it is one of the best modes of payments. The credit cards can be used to make payments online as well as offline. To continue the benefits of the card and get the best out of it, making the bill payment is the necessary step.

What are included in the Bill?

You should have the knowledge about what is included in the bill of the credit card:

Credit card number : The number of your credit card that is engraved in your card.

Summary of the account : All the purchases made by the card, a summary of it is mentioned with the address of the store or place of purchase, and amount of purchase made.

Payment due: The amount of payment due for the month.

Minimum amount due: Minimum amount payable in order to avoid the blockage or discontinuation of service.

Available credit limit: The credit limit available to the card holder.

Applicable interest rate: The interest rate that will be applicable in the case of late payment or minimal amount due for payment.

Payment due date: The due date up to which you can pay the bill.

How to make bill payments?

The bill can be paid through both online as well as offline method. For the offline method, you can visit the branch of the credit card company and make the payment through cash or cheque.

For the online mode of payment, there are several options like through net banking, debit card, other portals, directly through the credit card portal, mobile applications etc. In the digitalised world there are many options available to us through which we can make the payments at any point in time and from everywhere. You can save your time and energy by paying the bill online. The time to reach the branch can be saved. Also, the money that is required to physically travel to the branch is saved. You can sit in the comfort of your home and make payment. Also, the mobiles have been such powerful tool that if you suddenly have to pay your bill you can do it practically anywhere and everywhere because of it.

ICICI bill payment of credit card-

Through net banking- you have to follow 4 simple steps:

  1. Select your bank.
  2. Provide the details of your credit card.
  3. Confirm payment amount and make payment.
  4. Receive online confirmation of the payment.

Through debit card- It also has 4 steps to complete the bill payment;

  1. Select your card type.
  2. Give all the credit card details
  3. Confirm the amount and it will be debited instantanenously from your account.
  4. Receive the online confirmation.

HDFC bank bill payment of credit card-

  1. Provide the credit card details
  2. confirm payment
  3. get the confirmation

SBI bill repayment- You can pay the bill through NEFT payment, credit card, debit card, electronic payment etc.
Thus, the online payment is the best way to do pay the credit card bills. Since now you have all the information about the credit card bill payment you will be able to pay it easily and quickly. As a cardholder, you should be responsible and smart about the uses of the credit card. It is important to handle it with care and pay the bills regularly to avoid any interest rate that can be levied in the case of late payments. So we can extract the best benefits if we are responsible enough to handle the card and make smart and careful purchases through it.

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Types of Credit Cards and Eligibility Criteria

The plastic money or credit card is a small card made out of plastic which are issued by the credit card company. It is one of the most essential add-on to the purse. The credit card is one type of loan which is taken for the short period of time. The aim of the credit card is to help the user for digital payment and let them be cashless. The credit card can be used for both online and offline mode of payments. The most important thing to consider is that you buy now and pay later. It is the mode of payment in which the user can make use of the card anywhere and everywhere and can pay the credit card company later.

There are different types of credit cards that can be used for different purposes. The credit cards are one of the useful tools but it charges the high rate of interest on the late repayment. Thus, the due date for the bill payment is needed to be remembered so that the interest rates should not be leveraged on you. It is also the very secured way of payments. The card is secured through the pin number which is known only to the authorized users. Thus, at the time of theft and robbery, you can block the card and be safe.

 

credit card

Types of credit cards

There are different types of credit cards that are available for the user according to the purpose of uses. The credit card is one of the modes of the payment which can earn you the cash back, reward points and discounts which can be utilized by the user for the maximum benefits. Given below is the list of the credit card that is available in the market for the different purpose:

  • Standard credit card
  • Lifestyle credit card
  • Travel credit card
  • Student credit card
  • Reward credit card
  • Balance transfer credit card
  • Business credit card
  • & much more.

The eligibility required for the credit cards are-

To get the credit card the eligibility criteria required are mentioned as follows:

  • The applicant should be 18 years old and the maximum age should be 60 years. And the Add-on card holder should be minimum of 15 years old.
  • The applicant should be a salaried individual or self- employed.
  • The applicant should have good credit score.
  • The minimum income of the applicant in the case you are the salaried individual is 1.5 lakh, and if you are self- employed your minimum income should be 2 lakh.

Documents required

The valid and legal documents are required by the credit card company at the time of application. The documents asked by them is mentioned below:

  1. ID Proof- PAN Card/ Driving Licence/Aadhar Card/ Passport.
  2. Age Proof- PAN Card/ Aadhar Card/ Passport
  3. Residence Proof- Utility bills/ allotment letters.
  4. Bank Statement- Last 3 months bank statement/ last 6 months bank passbook.
  5. Income Proof- Latest salary slip/ ITR/ Form-16.

Credit card bill payment

The credit card is a type of loan which needs to be paid on time to avoid any type of interest that are chargeable on the amount. For that, it is necessary to know the various mode through which you can pay your credit card bills. There are various options including the offline and online mode of payments. The credit card bill payment can be made offline by physically going to the branch and settle the bill. The online mode of payment is one of the most popular ways to settle the bill as it is more easy and convenient way. The different types of online bill payment is

  1. Online banking- You can easily access your account through your ID and password and pay the bill of the credit card.
  2. Mobile Apps- In modern days everyone has mobile with them which act as a magical wand and you can make payment from the apps anytime and from anywhere.
  3. Debit card- It is the card which is like taking your account everywhere. So when you enter the details of your debit card through the payment gateway then the money is directly deducted from the account and the payment is done.
  4. Other portals- There are many portals which are the third party and authenticated for the bill payment. You can login and pay through these portals as well.

The credit card is one of the ways through which the payment is done by the authorized user. Credit card does not exist. This bank is relatively new and does not have the much services and products to provide to its customer. The bank is improving and growing meanwhile. It can take some time to start providing the credit card for the users.