Paying your credit card bill in full and on time allows you to avoid any interest or penalties charged by issuers. This helps keep your finances in good health and improves your credit card credit score, which in turn makes it easier for banks or NBFC's (Nonbank financial companies) to lend you a loan in the future.
To encourage you to pay your credit card dues on time, issuers allow you to pay through several means like NEFT, NACH, Bill Desk, Cheque, or cash. Read on to understand how one can pay their credit card bills via cheque.
Paying credit card bills by cheque
Here are the steps you can follow to make a credit card payment through cheque-
Visit a branch of the bank where you have an account. In the deposit slip, fill out the following details:
- 16-digit credit card number
- Name of the credit card holder
- Cheque details like name of the bank, cheque number and amount
- Depositor’s contact number
- Attach this slip to the cheque and deposit it in a cheque payment machine or slip it into the drop box at your bank’s branch or ATM
It is always best to read the cheque payment procedures and guidelines specific to your issuer to ensure that the information provided by you is accurate. Note that the time for cheque clearance varies from one financial institution to another based on several factors. So, keep the turnaround time in mind when making a cheque deposit to ensure that you don't miss the deadline. Also, note that banks may levy a clearance fee depending on the amount, and you will also have to bear cheque bounce charges if any.
This is an excellent option if you don't have access to the internet or online banking
- Unlike other online payment modes like IMPS, NEFT, and RTGS, there is no limit on the amount that you can pay
Pay your credit card bills via the issuer's mobile app to avoid incurring charges on cheque payments and eliminate standing in long queues. Many credit card issuers offer this facility for seamless bill payment. For instance, you can pay the Bajaj Finserv RBL Bank SuperCard bill via the RBL MyCard application. Since it is always accessible, you can pay your bill anytime, anywhere, and stay on top of your finances. Moreover, you can also manage your credit card's security and view your credit card statement via this app. To register, send an SMS with 'MyCard' to 5607011 or download it from the Google Play Store or Apple AppStore.
Additional Read: What is CVV?
You can apply for a Bajaj Finserv RBL Bank SuperCard without any delay to enjoy such convenient payment options along with other benefits. The SuperCard is one of the best credit cards you can get your hands on, as it offers up to Rs.55,000 worth of savings annually. You can also enjoy 50-days interest-free cash withdrawals, 90-days interest-free personal loans and convert purchases of over Rs.3,000 into easy EMIs.
Check your pre-approved credit card offer to view your personalised deal and expedite approval. All you have to do is submit basic details like your name and contact number to get started.
Additional Read: Student Credit Card
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