A credit card is a great asset if used carefully and smartly. It can help you solve your money problem in times of financial crunch, make you get through an unexpected event of expense and give few days of time leverage to pay that amount later. However, credit card users tend to spend more than what their pocket allows and do not plan their credit card expenses well. It is an art few people could plan wisely while others learn with time.
When it comes to paying the credit card bills, usually credit card companies give a minimum 20 day time to pay your bills before charging a daily interest and late fee charges on the bill amount not paid. Also, there are multiple ways in which you can pay your credit card bills, most of which are described below:
- Net banking: The most convenient way to pay your credit card bills. You can get your cards registered on net banking and make bill payments every month. For ex., HDFC Bank account holders can register their HDFC Credit card or any other company’s credit card on their net banking and keep paying bills easily, every month.
- ATM Funds Transfer: Another easy way to pay your bills. Go to your bank ATM and transfer funds from your bank account to the credit card account.
- NEFT/VISA money transfer:Money transfers through NEFT is also possible into your credit card account number.
- Pay by cheque: Make a cheque in favour of your credit card account number and submit at your nearest branch or put it in an ATM drop box.
- Autopay: You can also provide standing instructions to get your credit card outstanding amount or minimum amount due, deducted from your bank account every month. An autopay registration form must be filled and submitted at your bank to start this service.
Banks have made all the above modes secure to prevent any issue in your transaction; however few transactions still go wrong. Wrong amount deposited, amount not reflecting in your credit card are some of the issues people face. If you have been on the receiving end of such a situation, take help from BankingComplaint.com for help and get your issue resolved. An online portal, BankingComplaint guides you to solve all your banking related issues through advises from industry experts registered on their portal. The portal is an open-ended portal helping people with all their issues related to banking.
