Between 2018 and 2019, Indians have spent nearly Rs.6 lakh crore through their credit cards. However, when it comes to paying the credit card bills, not all credit card holders show the same enthusiasm as they do while spending. 

Moreover, all credit cards come with a specific billing cycle, including an interest-free period. Individuals, who fail to pay the due amount within the due date, are charged a late fee on the total billing amount. Thus, while choosing an issuer; individuals also need to be careful about the credit card bill payment structure they are subscribing for. A RBL bank credit card makes bill payments hassle-free for cardholders with multiple consumer-friendly features.  

Things to remember while paying credit card bills

Often people shy away from availing a credit card because of a common notion that it proves to be costly over time. However with controlled spending habits and timely payment of bills, credit cards can be an excellent option for daily payment methods. 

Having said that, several factors are there that can burden the cardholders with hefty outstanding balance if the credit card is not used properly. Following are some of the aspects that they need to keep in mind while paying the bills. 

Adhere to your budget 

Sticking to a budget is of utmost importance while you avail a credit card. Often it happens that cardholders tend to overspend using a credit card simply because they don’t have to pay the bills immediately. Hence, before making RBL bank credit card apply, you should learn about how to use a credit card wisely. 

Consider EMI facility 

One of the credit card benefits includes the option of converting the outstanding debts into Equated Monthly Instalments. You can easily convert the credit card dues into EMI and pay over a span of a few months. It effectively reduces your monthly liability and you can pay the bills at your convenience. However, this facility generally attracts certain fees and charges like foreclosure fees, processing fees and so on. Hence, it is advised that you should contact your issuer before opting for this particular facility. 

Certain financial institutions like Bajaj Finserv offer feature rich credit cards, like Bajaj Finserv RBL Bank SuperCard that comes with an easy EMI facility with nominal processing fees.

They also provide pre-approved offers for existing customers. It makes the entire process of credit card approval less time consuming and hassle-free. Moreover, such an offer is also available for other financial products like business loans, personal loans, etc. Nonetheless, you can check your pre-approved offer by sharing some essential details like name and contact number.

These are some of the useful tips that you can follow to pay your credit card bills on time without any fail and remain stress-free. 

How can you pay credit card bills online?

Following are the ways through which you can pay the credit card bills. 

  1. Via NEFT
  2. Net banking
  3. NACH facility
  4. RBL MyCard App
  5. Cheque
  6. Cash 

These are some of the most preferred modes of paying credit card bills that you can choose from. No matter what method you are choosing, it will always be wiser to keep a track of your spending pattern and due dates of paying credit card bills. Also, it is advisable to repay the outstanding amount in whole every month to prevent debt accumulation.

Hence, it is of utmost importance for you to know about how to repay your credit card debt even before you opt to apply for an RBL credit card. It ascertains that you are enjoying all the benefits a credit card has to offer without falling into a debt trap.