Credit Card Bill

CREDIT CARD BILL PAYMENT PROVIDERS

• American Express Credit Card
• Axis Bank Credit Card
• Bank of India Credit Card
• Bank of Baroda Credit Card
• Central Bank of India Credit Card
• Citibank Credit Card
• HDFC Bank Credit Card
• ICICI Bank Credit Card
• IDBI Bank Credit Card
• IDFC FIRST Bank Credit Card
• IndusInd Bank Credit Card
• Kotak Mahindra Bank Credit Card
• RBL Bank Credit Card
• SBI Card
• Saraswat Bank Credit Card
• Standard Chartered Bank Credit Card
• Yes Bank Credit Card
• Bank of Maharashtra Credit Card

HOW TO PAY CREDIT CARD BILL ONLINE?

A credit card is a thin rectangular plastic piece issued by a bank or financial service company, enabling you to pay for anything online or offline with merchants who accept card payments. It has an interest-free period of about 40-50 days, allowing you to pay the bill after 20-25 days from the bill’s generation date. Avoid paying credit card bills after the due date to prevent damage to your credit score, which impacts your creditworthiness and loan approvals.

Follow these steps to pay a credit card bill online:

1. Select the credit card payment option.
2. Choose your credit card provider.
3. Enter the bill amount.
4. Proceed to payment.
5. Select a payment option.
6. Click on “Pay Now.”

PAYMENT METHOD TO MAKE CREDIT CARD PAYMENT ON PAYYOUBILL

Being an e-wallet, PayYouBill enables users to pay bills and top-up mobile credits both offline and online. Nowadays, many users prefer internet banking to pay their credit card bills.

Here’s how to make a credit card payment on PayYouBill:

1. Open the Bill Payments section in the app.
2. Click on “Pay Credit Card Bill.”
3. Select the appropriate credit card provider.
4. Enter the amount to be paid.
5. Click “Pay Bill” to complete the payment.

Once the bill payment is successful, the transaction cannot be canceled. However, if incorrect card details are entered and the transaction fails, a refund will be processed.

PayYouBill offers the lowest convenience fees starting at 0.9% when users pay rent via credit card. Users can also earn up to 3% cashback and avail of other exciting offers.

FEATURES OF CREDIT CARD BILL PAYMENT WITH PAYYOUBILL

There are various benefits of paying credit card bills through PayYouBill:

• Welcome benefits on activation. Spend-based benefits waive the annual fee of Rs 350 if yearly spending exceeds Rs 50,000.
• Cashback benefits are available, offering discounts up to 20% at partner restaurants.
• Low finance charges, as low as 3.4% per month, with minimal late payment fees (Rs 1,200 for dues exceeding Rs 50,000).
• Secure payments with a simple voucher redemption system, offering users peace of mind.

INTEREST RATE ON MISSING CREDIT CARD BILL PAYMENT

A credit card allows you to purchase without worrying about your bank balance. However, missing payment deadlines can result in high-interest rates of up to 30% on outstanding balances after 60 days, impacting your credit score.

BENEFITS OF USING PAYYOUBILL FOR CREDIT CARD BILL PAYMENT

PayYouBill, a subsidiary of Axis Bank, is India’s top payment app, used globally for both online and offline transactions. Its instant and easy recharge process offers a smooth online experience with safe and secure payment methods.

With PayYouBill, users enjoy:

• 5% payback on every payment.
• 2% cashback on Ola, Uber, and Shuttle rides.
• A Chat and Pay feature, connecting customers and merchants for seamless transactions.
• Zero joining fees on applying for a credit card, along with 1% cashback on all transactions.

FREQUENTLY ASKED QUESTIONS

1. Do I need to pay the full Credit Card Bill Amount?
   Yes, you must pay the full bill amount within the given period.

2. What is the minimum due amount for Credit Card Bill payment?
   The minimum due amount is 5% of the total outstanding amount.

3. How to check your Credit Card bill statement?
   Banks send credit card statements to registered email IDs on the billing date. Alternatively, you can check the statement through the bank’s net banking portal.

4. How to avoid paying interest on Credit Card Bill Payment?
   Pay the credit card bill in full and on time to avoid interest charges.

5. How to manage multiple Credit Cards & Online Card Payments?
   Keep track of card terms, use each card at the right time, pay in full and on time, and reconsider annual fees to manage multiple cards effectively.

6. How will I receive confirmation once the credit card payment is made?
   You will receive a confirmation SMS or email, and the payment status can also be checked on the My Transactions page.

7. How does late credit card bill payment affect my credit score?
   Late payments reduce your credit score, affecting loan approvals.

8. Can I make a credit card bill payment immediately after purchase?
   Yes, you can pay the bill right after making a purchase.

9. How to increase my credit card limit?
   Regular usage and timely bill payments lead to automatic credit limit increases by the bank.

10. How long does it take for PayYouBill to complete a credit card bill payment?
    Payments typically take 2 business days to complete.

11. Does PayYouBill offer any cashback on credit card payments?
    Yes, PayYouBill offers unlimited cashback, credited directly to the cardholder’s credit card account.