As per the reports of the Reserve Bank of India, credit card usage in the country has experienced a 27% growth over the last year. The total number of credit cards operating in India reached 48.9 million in May 2019. Numerous new credit cards are issued every month by different financial institutions. The period 2018-19 also saw a rise in the gross transaction value made through credit cards. The amount stood to be nearly Rs. 6 Lakh Crore, 30% higher than Rs. 4.6 Lakh Crore in the period 2017-18.
A vast portion of the amount transacted through credit cards happens to be made online. Starting from online shopping to paying other bills online, using credit cards is a common practice nowadays. It is one of the ways to use credit cards wisely and do more with it. Apart from online shopping and paying off other liabilities, credit card bill payment can also be done online.
Shopping online using credit cards
Credit cards are considered a safer tool to make online purchases. The security measures incorporated to spot fraudulent transactions through credit cards have come a long way. PINs, microchip, CVV numbers, etc. help in checking unauthorised transactions. Certain issuers also offer liability-free credit cards for additional security against fraudulent transactions. You can find better and safer options at Stocktrades.ca
Shopping from certain online stores and brands also helps you access exclusive discounts on purchases. The rewards points earned through online shopping can be redeemed to avail further offers and discounts.
Different ways of paying your credit card bills online
There are several alternatives to pay your monthly credit card bills online. The different methods are as follows –
Mobile application
You can make your credit card bill payment using the application of the particular company. Such a mobile application comes with several features. You can not only pay your monthly credit card bills through the app but also keep track of the dues and other transactions.
As an informed cardholder, you must be well aware of all the applications which can be used to pay credit card bills.
Net banking
You can opt for the net banking option to clear off your credit card dues. However, you must first register yourself under this facility once you avail the credit card. A bank account of the cardholder is linked with his/her credit card account to process credit card bill payments. Most users utilise net banking to pay a credit card bill.
NEFT
Credit card bills can be paid via the NEFT (National Electronic Fund Transfer) facility. You need to login to your bank account to register your credit card account number as a beneficiary.
NACH
To avoid missing deadlines on credit card bill payments, you can use the NACH (National Automated Clearing House) facility. You can set up a NACH payment to your card account for monthly bills.
BillDesk
In case you want to pay your credit card bill from a bank account with a bank other than the issuer, you can opt for the BillDesk gateway. It helps you choose any payment platform to clear off your credit card dues.
With easy and convenient online payment services, credit cardholders can make hassle-free credit card bill payment.
To make the process of availing and providing financial services simple, Bajaj Finserv brings pre-approved offers. These offers help customers avail home loans, personal loans, credit cards, in a simple and hassle-free manner as well as numerous other financial products and services. You can have a look at your pre-approved offers by filling in the necessary details, like your name and contact number.
If you are looking for other exclusive benefits from your credit card, the Bajaj Finserv RBL Bank SuperCard is an ideal option. You can enjoy a number of unique benefits from the credit card. Issuers constantly look for ways to provide the cardholders with maximum facilities.
