You can enjoy the benefits and perks that come with credit card bill payment offers making them more rewarding and cost-effective. Paying credit card bills on time is a great practice to avoid penalties like late payments and interest rates.
Timely payment can provide your credit score a much-needed boost. Payment on credit cards helps you enjoy lucrative cashback offers on grocery shopping, fuel purchase, travel and more.
By knowing everything about your credit card, you can efficiently maximise your cashback and rewards points, resulting in huge savings.
Easy Tips to Remember to Ensure That Timely Payments Are Made
While credit cards provide you innumerable perks, not paying bills on time can adversely affect your financial health. Keep these handy to ensure timely payments:
| Do’s | Don’ts |
| Set Up Alerts: Use the calendar or apps to remind you of due dates
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Don’t Ignore Due Dates: Always be aware of the last date to avoid late fees
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| Automate Payments: Set up automatic payments for at least the minimum amount | Don’t Exhaust Your Limit: Stay well within your credit limit to preserve your credit score |
| Review your transactions: Regularly track your spending to know your balance | Don’t Delay: If possible, pay your bill as soon as you receive it |
Unlock Ways to Manage your Credit Card Bills Smartly
It is imperative to effectively manage your credit card bills and make informed financial decisions. Besides the do’s and don’ts mentioned above, the following are some criteria that you must keep in mind to ensure good financial health which will help you avoid the debt trap:
| 1. Understand your Billing Cycle |
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| 2. Review Your Statements |
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| 3. Know the Benefits Offered |
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| 4. Maintain your Credit Utilisation Ratio (CUR) |
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| 5. Review Fees |
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Learn How to Leverage your Credit Card for Maximum Rewards
The following methods can help you maximise benefits from credit card usage:
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- Regularly check your credit card provider’s website or app for special promotions that offer cashback on bill payments; these can include paying certain bills online
- If there is cashback for using their mobile app, make it your standard method for bill payments; this will help you earn more rewards and also streamline your payment process
- If there is a higher cashback rate for recurring payments, set up automatic bill payments for utilities and more; this will allow you to earn rewards consistently
- Look out for referral bonuses for bringing new users to their platform; refer friends or family to earn extra cashback in that case
- If your provider has a promotion for specific merchants or services, use your card for those payments to maximise rewards
- Get cashback for making full payment on time
- Look out for offers on third-party apps to get lucrative deals
- Redeem your reward points and cashback before they expire
Ways to Clear Your Credit Card Bills
You can pay your bills online, offline or using a third-party application. Some of the ways are listed below:
- Cheque
- Cash
- National Automated Clearing House (NACH)
- Internet banking
- NEFT/RTGS online funds transfer
- IMPS
- Auto Debit Facility
- Mobile Wallets, such as Google Pay, Amazon Pay etc.
A credit card also allows you to make cash withdrawals from an ATM. However, you must know how to withdraw cash from a credit card and be warned that though this facility allows you to access funds immediately, the interest on cash withdrawal using a credit card is very high.
Credit cards offer huge convenience to their users, along with credit card bill payment offers
such as cashback and rewards. If you’re looking for such a credit card, the One Credit Card can be an excellent choice. Each month, you can earn up to 5X reward points on your top two spending categories, such as electronics, retail shopping, groceries, travel or more.
In addition, you can set a monthly budget using the One Credit Card App. Its full-stack mobile app helps you set spending limits and stick to your budget. Apply online and enjoy unlimited perks with this lifetime free credit card.
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