Credit cards are a form of revolving credit, where when you clear your outstanding dues, your credit limit is replenished. A key parameter that you need to know of when managing your credit limit is your credit card balance. Whether you have purchases or repayment on your mind, knowing your balance will help you make the right financial decision. Read on to know more about your credit card balance and how you can check it.
What is a credit card balance?
A credit card balance is the amount that you loan from the bank or NBFC. In other words, it is the outstanding amount on your credit card that you have to pay back. You must keep track of your credit card balance to avoid overspending and ensure you are able to make the necessary payments on time. Maintaining a regular check on your credit card balance can help you plan your expenses better and avoid unnecessary charges like late fees and penalties. To check your credit card balance, you can use various methods like online banking, mobile applications, or calling customer care.
How to check your credit card balance online and offline
- Check credit card balance through ATM
- Check credit card balance through net banking
- Check credit card balance through issuer’s branch
- Check credit card balance through monthly statement
- Check credit card balance through SMS
- Check credit card balance through mobile app
- Check credit card balance through customer care
Check credit card balance through ATM
Visit your nearest ATM, insert your credit card in the machine and select the option that lets you know your credit card account balance. Enter your PIN to authenticate your request.
Check credit card balance through net banking
Visit your issuer’s website and log into your credit card account using your customer ID and password. Then navigate to the section that displays your credit card statement and balance. Choose the credit card number if you have multiple cards from the same credit card company. This way, in just a click, you can check your credit card balance online through a desktop, laptop, smartphone or tablet.
Additional Read: What is CVV?
Check credit card balance through issuer’s branch
If this is your first credit card and you want to be extra cautious, visit your credit card company’s branch to check your credit card balance. However, remember to carry your credit card with you or at least the credit card number and identity proof when you visit the branch.
Check credit card balance through monthly statement
Usually, credit card statements are sent via post and e-mail. Subscribe for mail if you prefer a hard copy or access your virtual credit card statement by entering the password. The password will often be a combination of your date of birth and the first few letters of your name.
Check credit card balance through SMS
Beware of fake credit card messages notifying you of your credit balance. Note that only if you sign up for SMS alerts will you be notified about your balance each time you make a transaction. You can also make a credit card balance inquiry by messaging the appropriate code to the number that your issuer has set for this service.
Additional Read: What is negative balance on your credit card
Check credit card balance through mobile app
Today, almost all credit card companies have a designated credit card app. Here, you can check your credit card balance anytime you want. Moreover, you can also access and download your statement to understand your credit usage.
Check credit card balance through customer care
You can know your credit card balance by calling your issuer’s customer care number. You can obtain balance details by talking to a representative or through the IVR guide.
The advantages of a credit card are many, but it’s important to be aware of your credit card balance to keep your spending in check. So, enquire about the various ways in which your issuer allows you to do this when you apply.
For instance, the Bajaj Finserv RBL Bank SuperCard lets you check your credit card balance easily via the RBL MyCard App. You can also monitor your balance through Bajaj Finserv’s customer portal, Experia. Once you know your balance, you can make payments through the RBL MyCard App, Bill Desk, NEFT, NACH facility, or through a cheque. In case you suspect a fraudulent transaction, you can report it through the RBL MyCard App and benefit from zero-fraud liability cover too.
Moreover, this 4-in-1 credit card gives you access to a wide range of deals and offers that maximise savings. Also, it offers interest-free cash withdrawals at ATMs for up to 50 days, 90 days personal loan against your cash limit at a nominal interest rate of 1.16% and the option to pay for purchases over Rs. 2,500 in easy instalments.
Why should you check the credit card balance?
Keeping a regular check on your credit card balance is an important aspect of maintaining your financial well-being. Below are some reasons why you should check your credit card balance:
- To avoid overspending and exceeding your credit limit.
- To ensure that you can make the necessary payments on time.
- To avoid penalties and charges like late fees and interest rates.
- To track your expenses and plan your budget better.
- To detect any suspicious or fraudulent activity on your card.
- To maintain a good credit score and avoid any negative impact on your credit history.
To enjoy these features and avail of this credit card, check your credit card offer from Bajaj Finserv. Enjoy single-step verification and customised deals with express approval.
