2 min read
25 May 2021

Credit Card Payment Through Paytm and Netbanking

For every billing cycle, you receive a credit card statement. It shows you your outstanding dues and lists how you’ve used your credit card. Studying the statement and making credit card payments in full and on time is imperative. It allows you to monitor to spending habits and prevent a debt trap due to interest build-up. In turn, reading your credit card statement is an important step to having better control over your finances.

Issuers draw up a credit card statement for every billing cycle. This statement lists particulars of your credit card transactions such as purchases, payments, etc. It specifies the credit utilised, the balance available, cash limit, minimum payment due, total amount due and reward points earned. Thus, it is important to read the statement carefully each month to monitor your credit card and manage it well.

Additional Read: How to check Credit Card balance?

How to make credit card payment through Paytm?

Follow the steps mentioned below to make credit card bill payment through Paytm wallet:

  • Step 1: Open the Paytm app
  • Step 2: Click on “Credit Card” in the welcome screen
  • Step 3: Enter your credit card number
  • Step 4: Choose your bank (the bank will automatically appear after entering the credit card number)
  • Step 5: Enter the amount you want to pay
  • Step 6: Click “Proceed”
  • Step 7: Select your bank account if you have already added one or choose from the list provided
  • Step 8: Click “Pay Now”

Enter your UPI pin if you are paying through the linked bank account or enter the OTP sent to your phone if you are paying through another bank.

Challenges faced during credit card payment through Paytm

Credit card bill payment through Paytm wallet is only possible if you pay via net banking.

How to get a credit card statement?

Most issuers send the credit card statement to your registered email ID, and you can access it by using the password that is set by the issuer. You can also obtain your credit card statement online, at any time, from anywhere. Follow these steps to do so.

  • Log in to your net banking account
  • Select the credit card for which you want to view the statement
  • Check the statement online or download it as a PDF document

Alternatively, you can also receive it offline by submitting your registered postal address to the issuer and requesting a duplicate bill.

Credit Card Payment through Net Banking

To encourage punctuality and offer convenience, issuers allow you to make credit card payments online, through various modes. One of these methods is net banking, a versatile and easy way of transacting via your bank account. To avail the net banking facility for a savings or current account, you have to register with your bank and register your credit card as a payee. Only then can you make online payments. Once you do this, follow these steps for online credit card bill payment through net banking.

  • Log in to your net banking account
  • Go to the ‘credit card payment option’
  • View your credit card statement and other relevant information

Pay your credit card bill via your net banking account

Apart from net banking, you can pay your credit card bills via other online modes such as NEFT, Bill Desk, and NACH.

When used prudently, a credit card can give you immense financial freedom. In contrast, its mismanagement can result in debt and damage your credit score. So, make it a habit to monitor your usage by reading your credit card statement on a regular basis.

Additional Read: What is CVV number?

Q: Can we pay credit card bill through Paytm?

A: Yes, you can make credit card payment through Paytm app.Follow few simple steps mentioned above to do so.

Q: How can I pay credit card bill through Paytm wallet?

A: Paytm only lets you pay via net banking. Credit card bill payment through Paytm wallet is not available in any other mode presently.

Q: Can I only pay the minimum due amount?

A: You can pay both the minimum and the total due amount. Paying the total amount due is advisable and more beneficial.

Q: How will I get confirmation after making the payment?

A: You will receive an SMS in your phone and also a mail in your registered email ID regarding the confirmation of your successful credit card payment.

But if you don’t have a credit card yet, apply now to enjoy a range of benefits. When looking for the best credit cards in India, apply for a Bajaj Finserv RBL Bank SuperCard as it is versatile and offers many features. With this card you can avail a 90-day, interest-free emergency loan, make a 50-day, interest-free ATM withdrawals, and convert purchases into easy EMIs. Bajaj Finserv also offers zero-fraud liability cover and in-hand security to safeguard your finances from criminal activity.

To benefit from a tailor-made deal and enjoy instant approval, check your pre-approved credit card offer when you apply, by submitting simple details like your name and contact number.

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