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Payment Guide

Credit Card Payment Methods

Complete guide to paying your credit card bill on time

Why Timely Payment is Important?

  • ✓ Avoids interest charges (1.5-4% monthly)
  • ✓ Maintains good credit score
  • ✓ Prevents late payment penalties
  • ✓ Preserves credit card privileges
  • ✓ Enables credit limit increase
  • ✓ Shows financial discipline to lenders

8 Ways to Pay Your Credit Card Bill

UPI (Unified Payments Interface)

Steps:

  1. 1. Open your bank app
  2. 2. Select Pay Bills
  3. 3. Enter card details
  4. 4. Authorize with UPI PIN
Benefits: Instant, 24/7, no fees
Time: Real-time

Net Banking

Steps:

  1. 1. Log into bank account
  2. 2. Select Credit Card payments
  3. 3. Choose card and amount
  4. 4. Authorize transaction
Benefits: Safe, easy, multiple options
Time: 1-2 hours

Auto-Pay (Auto Debit)

Steps:

  1. 1. Register card with auto-pay
  2. 2. Choose payment date
  3. 3. Automatic deduction
  4. 4. Confirmation via SMS
Benefits: Never miss payment, hassle-free
Time: Automatic

Mobile App

Steps:

  1. 1. Open bank or card app
  2. 2. Go to Payments section
  3. 3. Enter amount
  4. 4. Confirm payment
Benefits: Quick, convenient, track history
Time: Instant

Cash Payment

Steps:

  1. 1. Visit bank branch
  2. 2. Submit payment form
  3. 3. Provide cash
  4. 4. Get receipt
Benefits: Direct, no digitization needed
Time: Same day

Cheque Payment

Steps:

  1. 1. Write cheque to bank
  2. 2. Mail or deposit cheque
  3. 3. Cheque processing
  4. 4. Amount credited
Benefits: Traditional, recorded, safe
Time: 3-5 days

Important Payment Dates

Statement Cycle

Usually 25-30 days from last date, dates vary by card and bank

Due Date

Usually 20-21 days after statement date, payment must be made by this date

Grace Period

20-50 days from purchase date (if full bill paid by due date)

Late Payment Period

After due date, interest accrues at 1.5-4% per month

Pro Tips for Easy Payment

  • • Set up auto-pay to never miss a due date
  • • Pay full bill to avoid interest charges
  • • Make payment 2-3 days before due date
  • • Use UPI for instant zero-fee payments
  • • Keep payment receipts for records
  • • Monitor your statement dates

Get Your First Credit Card Today

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