Paying your Credit Card bill every month can be a bit of an ordeal if you are used to carrying bundles of cash and waiting in line at the bank on a weekend. We all know how those days turn out. Never ending queues and a mind-boggling number of people all trying to get their work done in the same way local fish markets function. Not a pretty sight.
To add to that, you then have to deal with frustrated bank representatives who unfortunately happen to be on the frontline, taking on the baying hordes that descend upon them like a flock of seagulls on a beach full of crabs.
But, did you know that you don’t have to go through any of this? Yup. That’s right. Unless you’ve been living under a rock for the best part of this century or you just have a strange fascination for jostling through multitudes of people on weekends, you probably already know that you can pay your Credit Card bills online without moving a muscle.
But, in case you didn’t, or if you’re just averse to technology, then here are 5 advantages of paying your Credit Card bill online.
This is probably the most obvious advantage. After all, do you really want to take time off work or step out on a weekend to spend time dozing off on your feet in a bank? Certainly not.
By paying your Credit Card bill online, through your netbanking account, you will never have to step out of the comfort of your home ever again. In fact, you could pay your Credit Card bill anywhere at any time via a computer or even your mobile phone.
Just download your bank’s mobile app, log in, and pay your Credit Card bill. It really is that simple and it won’t take you more than a few minutes tops. No more long queues and grumpy bank officials.
The only thing you need to do is remember to get online to make your Credit Card payment on time, so make sure you set a reminder on your phone or stick a note on your fridge.
Additional Reading: 6 Terrible Consequences Of Procrastinating Credit Card Payments
Paying online also has other perks. No more filling in pesky deposit slips, which can sometimes be a bit a confusing. When you pay your Credit Card bill online, you avoid all these minor annoyances and get the job done with a few clicks of your mouse.
Not only is it extremely easy, but it is also an environment friendly way of making your payments. In fact, by going digital, you can use netbanking to not just pay your Credit Card bills, but also your utility bills.
Additional Reading: Instant Paperless Approval For Loans And Credit Cards
- Faster Processing
Paying your Credit Card bill at a bank can be fairly time consuming. By paying your Credit Card bill online, you get the added advantage of having your funds credited to your Credit Card in a much shorter time frame.
Since the funds get credited to your Credit Card immediately, you don’t run the risk of delaying payments just in case something comes up and you can’t go to the bank.
Additional Reading: How Late Credit Card Payments Affect You
- Set Up Standing Instructions
One of the major advantages of making Credit Card payments online is the convenience of setting up standing instructions to pay your bill every month. By doing this, you won’t even need to constantly remind yourself to make your bill payments.
By setting up standing instructions online, the bank will automatically debit your Savings Account on a specified date every month and direct the funds towards your Credit Card. This saves you the hassle of constantly worrying about when to pay your bill.
You can choose and alter the payment date, as well as the amount to be paid, according to your requirements.
Additional Reading: Your Credit Card Billing Cycle In A Nutshell
- No Fees
Paying your Credit Card bill by cheque either at a bank or dropping it off at a Credit Card payment box at an ATM could saddle you with unnecessary processing fees or charges. If your Credit Card bill is fairly huge, the last thing you need is a bunch of extra costs eating into your finances.
By paying your Credit Card bill online, you completely avoid paying these fees. Processing your Credit Card bill payment online is free of all processing costs, so you don’t have to worry about your finances bearing the extra brunt of a bunch of avoidable charges.
Additional Reading: Zero Annual Fee SBI Credit Card Only On BankBazaar
There you have it. If that doesn’t convince you to get out of the weekend melees at your bank and get online, then nothing will. Oh, and by the way, while you’re at it, do check out our Personal Loans as well. You don’t need to head to a bank anymore to get one either.