Managing credit card payments efficiently is crucial to maintaining a healthy financial life. When you pay your credit card bills responsibly, you protect your credit score, avoid late fees, and maximize your card’s benefits, from rewards to cashback. Consistent on-time payments help build your credibility with banks, which could mean better loan offers, higher credit limits, and access to premium financial products in the future.
Below are the four most common credit card payment options and their benefits to help you decide which is best.
Through a mobile banking app
A mobile banking app is one of the most convenient ways to pay your credit card bill. IndusInd Bank IndusMobile app, for instance, offers a quick and efficient way to pay your credit card bills. You have an IndusInd Bank Platinum RuPay Credit Card and need to pay the bill. Open the app, click the “Pay Now” option, and complete the transaction within seconds. No hassles or delays!
This UPI-enabled RuPay credit card offers additional value-added benefits, such as:
- Lifetime free credit card, which means no joining or annual fees
- Earn two reward points for every ₹100 spent via UPI transactions and 1 point for non-UPI transactions
- Use your earned points for cash credits, airline miles, or vouchers on IndusMoments
- Enjoy a 1% fuel surcharge waiver across petrol stations in India
- Complimentary air accident insurance coverage of up to ₹25 lakh
- Stay protected with the ‘Total Protect’ program, which covers fraudulent activities and unauthorized transactions
Click on the ‘Apply Now’ link on the website or app to start.
Net Banking (NEFT/RTGS/IMPS)
Net banking allows you to pay your credit card bills effortlessly via facilities like NEFT (National Electronic Funds Transfer), RTGS (Real-Time Gross Settlement), and IMPS (Immediate Payment Service).
- NEFT: Ideal for non-urgent payments as it settles transactions in hourly batches.
- RTGS: Best for urgent and high-value payments as it processes transactions in real-time.
- IMPS: Available 24/7 and helps you transfer funds instantly.
You can access your bank’s Internet banking facility by logging in, selecting the credit card payment option, and selecting the transfer method.
Cheques or drafts
Though cheques and demand drafts are not as popular as digital methods, many also prefer these offline transaction methods. You can drop the cheque or draft at most banks’ dedicated drop boxes at their branches and ATMs. Once deposited, the payment gets processed, and the amount gets debited from the bank account. However, drop them at least four working days before the due date to avoid late fees or interest charges.
Auto-debit facility
The auto-debit facility is ideal for those who value punctuality and consistency in their financial commitments. This facility lets you automate your credit card bill payments by setting up standing instructions with your bank. Once set up, the amount gets automatically debited directly from your linked bank account on a predetermined monthly date. This is a beneficial solution for making timely payments without manual effort if you have multiple credit cards or a busy schedule.
Credit card payment options | Making the right choice
UPI, IMPS, or the IndusMobile app are ideal for quick payments. If you have a busy schedule or multiple credit cards, setting up auto-pay for timely payments is wise. Those who prefer a more offline approach can still rely on cheques or demand drafts. Each payment method provides a reliable way to manage your credit card dues and help you meet your financial obligations without hassle.
