Making your credit card payment in due time is crucial for two reasons. Firstly, you don’t have to pay high interest and late payment fees. Secondly, your CIBIL score also improves rapidly and makes you more creditworthy.
Paying off credit card debt have become significantly easier thanks to the integration of various online and offline bill payment systems. Companies like Bajaj Finserv allow several different methods to repay the due amount of their Bajaj Finserv RBL Bank SuperCard; these include payment via mobile app, NEFT, and other online methods that makes the process of RBL Credit Card bill payment easy and time-saving.
Let’s take a look at how to repay your card’s bill via various methods:
- Using mobile application –
One of the most convenient methods of paying the credit card bill is by using the dedicated RBL MyCard App. This mobile application holds all the relevant information of the financial tool, including usage data, available balance, details of billing cycle, past payment information, etc.
Before making RBL Credit Card bill payment with the application, ensure you are logged in and have a steady internet connection. Navigate to “Make a Payment” option. There, you will be able to pay only the minimum due amount or the total credit card bill by selecting the corresponding option. After you select an option, you will be asked to enter some details like an account number or UPI ID from which the money will be transferred to the credit card account.
The complete process, including verification and transfer usually takes a few minutes. After a successful fund transfer, the relevant details will be shown in the “Payment Due” page of the application. You will also find details about your feature-rich credit card including any past transactions under this category.
Other methods of paying credit card bill
You can follow several other methods to make RBL Credit Card bill payment. These include both online and offline processes, like NEFT, cheque payments, NACH facility, etc.
Here are some of them:
- NEFT –
NEFT stands for National Electronic Fund Transfer system, an online system to transfer money between different service providers. You can repay your credit card’s bill using NEFT payment system for a quick and hassle-free transaction.
To complete the NEFT transaction, you will require some details regarding your credit and savings account number.
These details are the following:
- Payee name.
- Payee account number.
- Bank name.
- IFSC code.
- Branch location.
You can refer to your credit card’s monthly statement to find all of the above mentioned details.
- Cheque –
Cheque payment is one of the most common methods of offline repayment systems available. In this case, you will have to make the payee to the lender and mention your 16-digit card number before sending a cheque for processing.
It usually takes 2 to 3 business days for a cheque to process, so ideally you should drop it off 5 to 6 days ahead of your card’s due date to avoid any late payments.
- NACH –
NACH is a centralised system that assists in repetitive and periodic financial transactions. It can act as an automated system to make your RBL Credit Card bill payment. You can link your credit account with your savings account with this system by filling up a simple form and sending it to the lender for verification and enrolment. It eliminates the hassle of manually paying the due amount every month.
Several other options to make your RBL credit card bill payments provide flexibility and convenience to a cardholder, reducing the risk of delayed or missed ones to a minimum.
The above mentioned processes offer simple yet reliable systems of making credit card bill payments both offline and online. Following the step-by-step guide will help you take care of the payments with ease.
