Can I Pay Someone Else's Credit Card Bill

February 15, 2022 Post a Comment

How do you make credit card payments? Is information technology online or offline? If online, what type of internet banking payment methods practise yous use? A majority of credit card users prefer making credit carte du jour bill payments through internet cyberbanking today.

Remitting credit card bills through cyberspace cyberbanking is preferred over other means of payments in several ways. It is simple and convenient. Payments through internet banking can be through mobile banking, auto-debit, electronic pecker payments, debit cards, national automated clearing house, RTGS, IMPS, and NEFT. Each of these online payment options has its own advantages. Permit's understand how IMPS and NEFT work.

Methods to Pay Credit Card Payment Online

The Net has simplified the mode we bank. Virtually all banks in India have the facility of Internet Banking and some others are taking help of third-party bill payment services to provide online payment channels.

Listed beneath are various options through which you tin can pay your credit menu beak online.

Through net cyberbanking
NEFT/RTGS online funds transfer
IMPS Method
Through BillDesk
Auto debit facility
Mobile wallets and payment systems

Pay Credit Card Bill Online Using Net Banking

Credit Carte payment processing time - Instant (from same banking company'southward savings business relationship)

1 of the simplest methods to make credit card bill payment online is to use your cyberspace cyberbanking account. If you accept a savings business relationship with the credit menu issuer, your task becomes much easier as you lot only need to annals your credit card in your existing net banking account and make the payment directly.

Fifty-fifty when you don't accept savings account with the card issuer, you can open an internet banking account for your credit card and make payments directly from the online account.

Click the below links to know how to pay credit menu bill of major banks using your internet banking account.

HDFC Bank Credit Bill of fare Neb Payment through HDFC Net Banking
Centrality Bank Credit Card Bill Payment through Axis Bank Net Banking
SBI Credit Card Nib Payment through SBI Online Cyberbanking
Citibank Credit Card Neb Payment through Citibank Online Banking
Standard Chartered Credit Menu Nib Payment through SCB Online Banking

Pay Credit Card Bill Online Through NEFT

Credit Card payment processing time - Inside 1 working twenty-four hours

NEFT funds transfer is some other online facility that allows you to brand credit card bill payment using any internet banking account.
Through NEFT, you tin can pay credit card bills of a bank using any other banking concern's internet banking business relationship. The facility allows yous to transfer funds from your savings account to the credit carte du jour account online.
Nevertheless, before initiating NEFT funds transfer to your credit card, you need to add your credit bill of fare, towards which you're making the payment, every bit a 'Biller or Casher'.
To add the credit card as a casher, you might demand specific details such every bit credit menu number, cardholder name, IFSC code for credit carte payments, bank proper noun, branch, accost, etc.
Please note that the IFSC lawmaking is unique for credit card payments. Please brand sure y'all get the right lawmaking before initiating the payment.

Calculation a new card would take xxx minutes to 24 hours based on your bank. Yous need to expect till the menu is added and so initiate the NEFT funds transfer.

To know the process for NEFT credit menu bill payment of various banks, please follow the links below.

HDFC Credit Card Bill Payment Through NEFT
SBI Credit Menu Nib Payment Through NEFT

How To Pay Credit Card Bills Through IMPS

The first step is to download the mobile application of your cyberbanking establishment. For instance, you have to download the mobile application of HDFC Bank if you hold a bank business relationship with this banking entity.
One time you download the mobile application, you have to login to mobile banking using credentials.
Click the 'Banking concern Business relationship' button. Y'all shall be provided with a link for the IMPS payment option.
Click the 'IMPS' push button and choose the 'Merchant Payment' button.
Replenish the necessary financial details such as MMID, the contact number of billers, and your banking company business relationship from which funds are transferred, the billing corporeality, and your credit card number.
Finally, hit the 'confirm' button. The transaction is successful!

Pay Credit Card Bill Online through BillDesk

BillDesk is an online payment platform which allows y'all make credit bill of fare beak payments without having whatsoever online account.
Many banks and credit card issuers use the platform to offer easy and user-friendly pecker payment services for their customers not using the net banking facility.
Through BillDesk, you lot tin pay credit card bills of any bank using a debit card or net cyberbanking business relationship of partner banks.
The BillDesk platform of each bank is unique and provides dissimilar payment options. You can visit the respective payment page for the list of banks allowed for net banking transactions or debit card transactions.
The screenshot below illustrates HDFC Credit Bill of fare BillDesk page along with the list of banks it accepts for pecker payment.

Pay Credit Bill of fare Bill using Mobile wallets and Payment systems

The recent entrants in the manufacture, mobile wallets and payment systems, started offer credit card neb payment choice on their platforms.
Paytm, Mobikwik, PhonePe, BHIM/UPI, etc., are some mobile payment platforms that provide credit card neb payment facility.
No dissever registration is required on these platforms to brand payments. You merely demand to download the app, link your debit menu or savings account, recharge the wallet, enter your credit card details and make the payment.
This screenshot illustrates the credit card pecker payment interface on Paytm.

Pay Credit Carte du jour Bill Online through Motorcar Debit Facility

Credit Card payment processing time - On the payment due date

If yous have a net cyberbanking business relationship for your savings business relationship, you can register for the auto debit facility and can residue assured most your credit card dues.
The auto debit facility allows you lot to provide standard instructions to your savings or current account-holding bank to debit the credit menu pecker on the same day every month.
While registering for the facility, you can choose either the minimum amount due or the total corporeality due.
Y'all tin annals for the facility through your net banking business relationship or by sending a written request to the bank.
Once registered, the auto debit facility will become constructive from the immediate credit card payment due engagement.
The amount will exist credited instantly on the payment due date every month.

Methods to Pay Credit Card Payment Offline

When you don't take access to the net, you can use any 1 of the offline methods to make your credit card payment.

Listed below are various non-internet means to make your credit carte neb payment.

By calling customer care
By walking in to a depository financial institution ATM
Over-the-counter payment
By cartoon a cheque or need draft

Let's look at each method in detail.

Pay Credit Carte Bill Offline by Calling Customer Care

Credit Menu payment processing time - Instant

Some credit bill of fare issuers or banks let you to pay your credit card bill by calling the respective customer care. Yet, in order to use the channel, you must have a savings or current account with the carte issuer or the bank.
If your banking company business relationship and credit card are from the same issuer, yous can call the customer care to pay your credit carte bill.
In virtually cases, the IVR would guide you through the payment process without homo intervention. Hence, your carte details and other information remain secure.
However, not all carte issuers would provide the facility. Check with your corresponding card issuer before making the payment.
Payments fabricated through the customer care are typically instant.

Pay Credit Bill of fare Bill Offline Through the ATM

Credit Carte du jour payment processing time - Instant

If you have a debit carte du jour from your credit carte issuer or bank, yous can walk-in to the bank's ATM to pay the credit carte du jour beak.
Visit any nearest ATM of your credit menu issuer with your debit card, insert your debit card into the ATM kiosk, select credit card bill payment option and follow the instructions to make credit card payment.
Unremarkably, the bill payment through ATM is instant as the corporeality gets transferred from your savings or current account to your credit card business relationship.

Pay Credit Card Bill Offline at the Depository financial institution Branch Office

Credit Card payment processing time - 1 working twenty-four hours

If your credit carte issuer is a bank with a physical office, you can walk in to the nearest co-operative and make your credit carte payment by depositing greenbacks.
Simply walk in to the respective bank branch, backup the deposit skid with your credit card details and the pecker amount and submit information technology at the counter.
The payment will be processed within i working day.
Over-the-counter payments normally entail a service charge of up to Rs.100 per payment.

Pay Credit Bill of fare Bill Offline by Drawing a Bank check/DD

Another offline credit card payment method is to draw a cheque or demand draft (DD) in favour of the credit menu account and driblet it at any banking company branch or ATM drib box.

The check or typhoon should favour the respective credit card account (write the 26-digit credit menu number on the cheque) and it should too contain your name and contact number on the reverse side.

If your cheque issuing banking concern and the card issuer are the same, your bank check will be processed within 3 working days, if they are not the same, it volition have 5 working days, outstation cheques will be cleared in 12 - 21 working days.

Hence, brand sure to pay your bill in accord to the bank check clearing timelines so that the payment would reflect on or before the due appointment.

Benefits of Paying Credit Card Bills Online

Saves fourth dimension and effort: Paying your credit card bill online is quick and like shooting fish in a barrel. It saves a lot of fourth dimension which you lot would've otherwise spent on visiting the depository financial institution or ATM.
Convenience and comfort: Online payments tin can be done from the comfort of your own home or function. You can also brand payments through your mobile or computer from anywhere effectually the globe.
Safe and secure: Online Banking is secure with the IPIN or other ways of authenticating your identity. Banks provide rubber features that ensures your privacy and identity are protected. It eliminates the run a risk of losing money or data in the mail or anywhere else.
Easy records: When you employ online banking facilities, everything is recorded instantly and is available for your review anytime you need. All your data is automatically organised and bachelor at one identify. This makes it convenient when yous're budgeting and filing taxes.
More command: You tin choose to pay the minimum due, the total amount or whatsoever corporeality that you want when you pay your credit card bill online. Y'all tin can change your pick with each bill.
Eco-friendly: Making payments online saves paper, cheques, envelopes, stamps, and receipts. It as well eliminates clutter when you receive all your statements and receipts electronically.

Important Tips While Making Online Payments:

Check your credit menu argument - Earlier you make any payments towards your credit menu pecker, check your online argument. Ensure all charges to the card are correct and note the exact amount yous need to pay on the payment due appointment.
Processing time - E'er check the time information technology would take for your payment to exist processed when yous are paying your credit carte du jour bills. For payments made through the bank'southward net banking facility, the turnover time is usually the same day. And then this choice can be used to make payments on the due date without the risk of incurring a penalty. Other online methods can take one to 5 working days.
Provide accurate information - Make certain yous are accurate when entering your credit card number, bank account number and other details. Take the time to double-bank check the information you have provided and brand the payment for the right amount.

Credit Menu Billing Bike

Credit card billing cycles refer to the period during which your credit card bill is generated. The transactions made on your credit card during the credit card billing wheel will reverberate on your card statement.

For example, if your credit carte du jour argument is generated on the fourth day of every calendar month, then your credit carte billing cycle will start on the fifth day of the previous month and will end on the quaternary day of the electric current calendar month. All the transactions made during this menstruum will reflect on your credit card argument generated on the fourth day of the calendar month. It is of import to note that credit menu cycle may vary between 27-31 days and may vary from bank to bank and the blazon of card availed.

How Does a Billing Bicycle Work?

The billing cycle starts the day your menu is activated. Depending on your credit card, even though you may not have made whatsoever transaction, the carte may charge activation fee which will reflect on your statement generated adjacent month. In example y'all are looking to transfer your rest to your credit carte du jour, then all the previously completed transactions go added to information technology. Other charges such as EMIs, finance charges, fuel surcharge waiver, amount refunded, etc. volition all reflect on your next month argument. Information technology is your duty to ensure you pay the credit card for the beak generated during the cycle.

Once you make any transactions on the 6th day of the calendar month, then the bill for information technology will be generated in the next calendar month's bill for which y'all will have more time to pay.

FAQs on Credit Card Nib Payment

When should I pay my credit bill of fare bill?
Y'all must pay your credit card as soon as the bill is generated for the cycle. You lot must note that delay in the payment of your beak will outcome in bank charging a late payment fee. If yous neglect to pay your bill for a long time, your credit card may get deactivated and your credit score will endure.
Exercise I need to pay my credit card in full?
You tin pay a minimum amount to keep your credit card activated. All the same, it is recommended that you only pay the minimum amount when y'all are facing whatever financial crunch. Otherwise, make sure that you ever pay your credit menu bill in full.
Should I wait for a argument to pay past credit card?
You can ever log in to your net banking business relationship to check the credit card transaction made during the billing bicycle. Y'all can surely pay your credit card bill even before the statement is generated.
What is the best time to pay a credit card bill?
The all-time fourth dimension to pay your credit card bill is past the 5th of every month as presently after that the new billing cycle begins. Too, y'all generally receive your salary at the outset of the month which makes it easy to pay your credit card bill.
Which is the fastest method to pay my credit card bill?
The fastest way to pay your bill is through different online channels such as net banking, UPI, mobile wallet, etc.
How can I pay my credit card bill from another bank?
You can pay your credit card from other depository financial institution accounts through NEFT where yous tin add the credit carte du jour number as payee to complete the payment.
Which is the fastest method to pay my credit bill of fare pecker?
The fastest method depends on how long your banking company takes to process the payment. Generally, the fastest mode of bill payment is online banking where information technology is processed instantly.
What is the processing time of credit carte cheque payments?
Cheque payments can have upwardly to vii working days. Outstation cheques may take upwards to 21 days. Hence, make sure your cheque is deposited ahead of the due date to avert missing the payment.
Does it mean my bill is zero if I do non receive a credit card statement?
Not necessarily. If you lot haven't spent on your credit card, yous may non receive a statement for that month. If you recall spending on your credit menu or you are not certain, and you exercise not receive a argument, delight call your bank'due south customer service to ensure that there is no payment to be fabricated.
What are the consequences of missing credit carte payments?
You lot should never miss paying at least the minimum amount due on your credit menu. If yous do miss a payment, a fee volition be levied. The depository financial institution may as well increment your interest rate. If you continue to miss payments afterward notifications and reminders, this could result in your card being blocked till the payment is fabricated in total.

Upon continuous default, the banking company might listing you every bit a defaulter and study your account details to CIBIL. This might impact your credit score and hamper time to come credit opportunities. Banks also have the right to impose legal action to recover the dues.
Is it possible to pay the FinBooster: Yes Banking company - BankBazaar Co-branded Credit Card bill online?
Yeah, you tin can pay the FinBooster: Yep Bank - BankBazaar Co-branded Credit Menu bill online.

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Source: https://www.bankbazaar.com/credit-card-bill-payment.html

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