What is the fastest way to make a credit card payment?

credit card
credit card

Credit card payments are no longer a hassle. Here are the fastest ways to make a credit card payment. In today’s fast-paced world, it is not uncommon for credit cardholders to forget about their credit card bill payment.

Cardholders sometimes put this off for later, thinking they would find the time to make the payment before the due date. These actions might seem harmless, but they can eventually result in a lot of problems.

First and foremost, your credit score will be hampered if you do not make the payment on time. You can also be penalized with fines and other interest rates that might push you into a larger pit of debt. To avoid getting into this debt trap, know about some of the quickest and most efficient methods to pay your credit card bill.

Through IMPS (Immediate Payment Service)

IMPS or Immediate Payment Service is one of the most convenient ways to make your online credit card payment. It is one of the many ways of transferring funds that can be done if you’ve registered for net banking.

You can complete the process either by logging into your net banking account or by opening the bank’s application on your phone. Choose “Funds Transfer” under the Net Banking option, and select IMPS.

 The other options available will be RTGS, NEFT and UPI. Next, choose “Merchant Payment” as the option because credit card payment would be classified under merchant-initiated transactions.

Once that is done, all you need to do is enter essential details like your registered phone number, billing amount, credit card number and IFSC code of the credit card issuing institution. Finally, confirm the details and the amount gets immediately credited to your credit card account.

Through NEFT (National Electronic Funds Transfer System)

NEFT also allows you to make quick credit card payments through net banking. One of the biggest advantages of this method is that it can be done anytime and anywhere. You need to enter all the details you’re asked for.

These include your credit card number, total payment amount and the name of your credit card issuer. After you enter the details, press the ‘Confirm’ button. NEFT payments usually require 1 to 24 hours to be completed.

Through RTGS (Real Time Gross Settlement)

Other than IMPS and NEFT, people can also opt for RTGS or Real Time Gross Settlement. RTGS payments come in handy when your credit card bill is large, and the payment needs to be done immediately.

 The process is similar to IMPS and NEFT. You can find the option to process an RTGS payment only when you have a net banking account. Once you choose the option for RTGS, enter the name of your card issuing bank and your credit card number in the list of payees.

Also Read: Shop for your favorite Smartphones on EMI without a credit card

Do not forget to add the IFSC code of the branch of your bank as well. Once this is done, hit the ‘Confirm’ button and wait for a few hours before the amount is credited. This process is hassle-free and is the least time-consuming among all the options.

Through ATMs

In 2021, ATMs can be found in almost every prominent street in the country, and there’s a good chance that each one of us has an ATM outlet near our home. If you need to pay your credit card bills urgently and don’t have a lot of time to spare, you can just walk to your closest ATM centre.

The outstanding amount that needs to be paid to your credit card issuer can now be transferred from your savings or current account. The payment gets transferred to your credit card bank account.

Through direct apps

A lot of banks and credit card companies have also come up with their own apps that give users the convenience of paying their credit card bills with a few taps. These are authorized apps that have high levels of security, and are therefore extremely reliable.

In need of a reliable and versatile credit card? The Bajaj Finserv RBL Bank SuperCard is one of the best cards available today. It is a 4-in-1 credit card that offers welcome rewards once you sign up for it.

Additionally, there are reward points for every time you make a transaction using the card. This credit card is also loaded with high-end security features that eliminate the possibility of fraud or scam.