Credit Card Payment Through Cred

Online and offline are the 2 modes of payment for Through Cred Credit Card Bills. Online options-Net Banking, Mobile Banking, Autopay, and Bill Desk web page (Non- Through Cred Account Holders). Offline options-ATM Funds Transfer, cash, and Cheque. NEFT is used for transfer between banks.

Credit Card Bill Payment Through CRED

Timely payment of credit card bills is important. When it comes to paying a credit card bill on time, CRED is a platform that offers convenient and hassle-free methods to pay. The payment process is quick and you can make payments using netbanking, debit card, or UPI. Let us now understand why credit card bills should be paid on time and the different methods of paying credit card bills using CRED.

Why Should You Pay a Credit Card Bill on Time?

When you do not pay your credit card bill or do not make timely payments, you will face the following negative consequences.

Impact on Credit Score: Even missing one credit card payment has an adverse impact on your credit score and affects your creditworthiness. There are chances that your loans and credit cards will be rejected and also that lenders will offer a lower credit limit when your credit score is low. So, it is extremely important to make timely payments on your credit card bill.Check your credit score on CreditMantri and track the transactions which have impacted your score negatively.
If you default for more than 60 days on your credit card bill, the credit card issuer will charge a huge interest rate on the outstanding bill amount. Paying the credit card bill on time protects you from the high rate of interest.
Most credit card issuers hire debt collection agencies to recover unpaid bills. Once your account goes to these debt collection agencies for recovery, you will not have the privilege of making a minimum monthly payment any longer. If you pay your bills on time, you don’t have to deal with these debt collection agencies.
Credit card issuers can also charge a late fee and the amount will vary from issuer to issuer.

How To Make A Credit Card Bill Payment On Cred?

Cred offers a simple and hassle-free process to make credit card payments. You can make a payment via netbanking, credit card, or UPI.

Here are the quick steps to make the payment

Go to the credit card payment option
Choose the credit card for which you want to make the payment
Enter the bill amount
Click on ‘proceed’
Choose the payment option i.e. debit card, UPI, or netbanking.
Proceed with the payment

CRED first-time users get instant Rs. 200 cashback on bill payment.

Let us now see how we can make credit card bill payments for various lenders using the CRED app.

HDFC Credit Card Bill Payment Using CRED

Paying the HDFC credit card bill via the Cred app is very flexible and secure. It is instantaneous and will be processed within seconds while other methods may take some time. It is highly rewarding also. When you make the HDFC credit card payment via the Cred app, you will be able to earn cred coins and also get a chance to win various other rewards and offers. You can use CRED coins to redeem various gifts from a range of premium brands.

Quick Steps to Make HDFC Credit Card Bill Payment on The Cred App

Open the Cred app on your smartphone
Click on ‘cards’
You can see all the listed cards on this page along with the due date and overdue amount
Choose the card for which you want to make the bill payment
Click on ‘Pay’
You can choose your payment option from the list displayed to make your HDFC credit card bill payment

The Cred app helps in checking your credit score and also gets a clear understanding of all aspects of credit. You can also pay the rent online with features such as CRED rent pay.

Other online methods of making HDFC credit card bill payment are netbanking, auto-pay, mobile app, NEFT (national electronic funds transfer), RTGS (real-time gross statement), UPI, and BillDesk.

Offline methods of making HDFC credit card bill payments are cash, cheque, and ATM Funds transfer.

ICICI Credit Card Bill Payment Using CRED

You can register your ICICI credit card on the CRED app and make instant bill payments via the same. The CRED app also sends you timely reminders as your credit card bill due date approaches closer. Not just this, you will get exciting rewards each time you pay your ICICI credit card payment using CRED.

Here are some reasons why you should use CRED for ICICI credit card bill payment

The payment gets reflected instantly unlike NEFT/RTGS or any other bank account where it will take up to 3 days for the payment to get reflected.
Rewards on Every Payment: Every time you make an ICICI credit card bill payment using CRED, you will earn exciting rewards and cashback.
Flexible Payment Options: CRED provides various options for your ICICI credit card bill payments. You can choose to pay from your mobile banking, netbanking account, online wallet, BHIM/UPI, and others.
Offers on Credit Cards: You can click on the CRED app and when you click on the ICICI credit card, you will see all the offers listed under it.
Timely Alerts: CRED sends timely alerts so that you don’t miss the credit card bill payment due date.

Quick Steps to Make ICICI Credit Card Bill Payment on The CRED App

Download the Cred App on your Smartphone - Android or Apple
Enter your mobile number or OTP to sign in
Add your credit card details for card activation and make your first payment
Click on 'pay now' to complete the credit card payment and earn rewards

SBI Credit Card Bill Payment Using CRED

You can pay your credit card bills through the CRED app easily. It is a simple and hassle-free process. The payment is processed instantly. You can also earn cashback and CRED coins using which you can claim various rewards. CRED allows you to pay SBI credit card bills and other bills directly. But, this is a member-only app and you can use this only if you have a good credit score.

Steps To Pay SBI Credit Card Bill Using The CRED App

Open the Cred app
Add your card to the app. If the card has already been added, click on your SBI credit card.
You will be able to see the overall due amount on the screen.
Click on ‘Pay’
Choose the mode of payment from the options provided - netbanking, UPI, mobile wallet, and debit card.
Proceed with the rest of the instructions to complete your SBI credit card payment.

Axis Bank Credit Card Bill Payment

CRED offers a hassle-free payment process to pay the Axis Bank credit card bill. You can earn 100% cashback and also exclusive rewards and discounts. Axis bank credit cards have multiple benefits like repaying in easy EMIs, increase in purchasing power, easy withdrawal of cash during emergencies, and so on. By using CRED, you can manage multiple credit cards on one platform and win exciting offers. But, one thing to remember is that you have to pay your Axis Bank credit card bill on time, otherwise the bank will charge interest penalties and late payment charges on the amount due. Defaulting on your credit card bill payment will also have a negative impact on your credit score.

Steps to Pay Axis Bank Credit Card Bill Using The CRED App

Visit ‘Play Store’ or ‘App Store’ to download and install the CRED app if not installed yet.
CRED is a club only for members and you have to enter your mobile number and email ID to become a CRED member.
Verify the same with the OTP after which you will become a registered member
Post registering on CRED, log into your account and add your Axis Bank credit card under the ‘cards’ section.
Next, click on your Axis Bank credit card, enter the outstanding amount, and click on ‘pay’.
Choose the payment options from the list - debit card, net banking, debit card, UPI, digital wallet, etc. and follow the subsequent instructions.
Complete the Axis Bank credit card payment.

IDFC Bank Credit Card Bill Payment

CRED offers a simple and smooth process to make your credit card bill payment. When you pay using the CRED app, you can earn exclusive rewards, cashback, and discounts. CRED is a club only for members and you can register on the app using your mobile number and email ID. You can earn CRED coins and use them to earn deals and discounts. However, you should ensure to make the payment on time as defaulting will attract penalties and interest charges. Also, it will be detrimental to your credit score.

Steps to Pay IDFC Bank Credit Card Bill Using The CRED App

If you have not installed the CRED app, then go to Play Store or App Store and download and install the app.
Enter your mobile number and email ID to become a CRED member
Verify the same with the OTP to become a CRED club member.
Post this, log into your CRED account, add your IDFC credit card under the cards section.
Click on the IDFC Bank credit card, enter the outstanding amount, and click on ‘Pay’
Choose the payment options from the list - UPI, digital wallet, netbanking, debit card etc.
Follow the subsequent instructions and complete the IDFC credit card payment.

Other Methods of Making Credit Card Bill Payments Online

Netbanking: You can use the netbanking facility for payment easily if you already have a savings or current account with the issuer. You just have to register your credit card in netbanking and you can pay directly. If you don’t have an account, you can open an online netbanking account for your credit card bill payments.
NEFT or National Electronics Funds Transfer: You can pay your credit card bill through netbanking using NEFT. You can choose any bank’s netbanking account. To make this possible, you have to add your netbanking account as a beneficiary account. You have to add details such as bank name, credit card number, cardholder name, branch address, IFSC code, etc. Generally, the beneficiary account will take up to 24 hours to add and for some banks, it takes 30 minutes.
IMPS:

Step 1: Login to your mobile banking app using your credentials and select the bank account tab.

Step 2: After selecting the bank account tab, a prompt will appear for the IMPS tab.

Step 3: Now, click on the IMPS tab and choose the merchant payment tab.

Step 4: Fill in all the mandatory fields like bank account number to be debited, bill amount that you wish to pay, mobile money identifier (MMID), and credit card number under the ‘payment reference number’ field.

Step 5: Confirm the transaction after filling in all the details.

Step 6: The transaction details will be shown on the screen after payment confirmation. You can print it and save it for your future reference.

Credit card payment via the bank’s app:

Step 1: Log in to the mobile app of your bank.

Step 2: Go to the credit card tab.

Step 3: Choose the credit card

Step 4: Click on “pay now”

Step 5: Input or select the amount to be paid.

Step 6: Click on “pay now” and confirm. The transfer is done successfully.

Credit card bill payment through auto debit: Auto debiting credit card bill payments is beneficial. This helps you to pay without defaulting on a payment. You can register for auto-pay through the bank’s mobile app or netbanking app.

Steps to Register

Step 1: Login to netbanking

Step 2: Choose the bill pay and recharge tab

Step 3: Click on add biller and add the details

Step 4: click on the credit card option and the standing instruction.

Step 5: Input the credit card details in mm/yyyy format and click on confirm to set the standing instruction.

Offline Credit Card Bill Payment Methods

NACH

Step 1: Download the NACH form

Step 2: Fill the form

Step 3: Submit the filled NACH form and also a canceled cheque with it to your bank

Cheque

Cash

ATM Funds Transfer

Payment Mode	HDFC Bank Processing Time	ICICI Bank Processing Time	Axis Bank Processing Time	SBI Processing Time	IDFC Processing Time
Netbanking	Same day	Same day	Same day	Same day	Same day
Mobile app	Same day	Same day	Same day	Same day	Same day
NEFT	1 working day	1 working day	1 working day	1 working day	1 working day
RTGS	1 working day	1 working day	1 working day	1 working day	1 working day
UPI	instantly	instantly	instantly	instantly	instantly
HDFC BillDesk	2 to 3 working days	2 to 3 working days	2 to 3 working days	2 to 3 working days	2 to 3 working days
Cash	same day	Same day	Same day	Same day	Same day
Cheque	Up to 2 days for the HDFC cheque 3 to 5 days for other banks’ cheques	Up to 2 days for the cheque of ICICI Bank 3-5 days for other banks' cheques.	Up to 2 days for the cheque of Axis Bank 3-5 days for other banks' cheques.	Up to 2 days for the cheque of SBI 3-5 days for other banks' cheques.	up to 2 days for the cheque of IDFC. 3-5 days for other banks' cheques.
ATM Funds Transfer	Same day	Same day	Same day	Same day	Same day

Conclusion

CRED is a platform wherein you can manage multiple credit cards seamlessly. You will never miss the credit card payment due date as you will receive timely reminders. The mode of payment is hassle-free and simple.

FAQs of Credit Card Bill Payment Through CRED

1. Is CRED safe to pay the credit card bill?

Yes, CRED is a secure platform. All the data used by the app is encrypted, It is thus safe to use for making payments.

2. Does CRED refund money?

If a payment has been made by mistake and credited to your credit card account or bank account, CRED has the right to automatically initiate a refund through the bank.