Credit Card Bill Payment Options
Frequently Asked Questions
To clear your Credit Card dues, you can use online banking, mobile apps, or automated phone services. Alternatively, visit your bank or Credit Card issuer's branch or send a cheque via mail.
Yes, paying your Credit Card bill in full each month is advisable. It helps avoid interest charges, keeps your credit score healthy, and prevents debt accumulation. That said, Credit Card companies permit you to pay only the minimum amount due or make a partial payment. However, only paying the minimum or partial amount can lead to high interest costs and longer repayment periods and impact your credit score.
The ‘Minimum Due’ on a Credit Card is the smallest amount you must pay by the due date to avoid late fees and potential damage to your credit score. Paying only the minimum can lead to higher interest costs.
