According to research, credit cards were responsible for approximately Rs. 48,489 Crore worth of transaction in February 2019. The benefits and features provided by financial institutions is one of the primary reasons behind the growth of credit card users. Additionally, credit card issuers provide you up to 45 days of grace period to clear your credit card dues.
With the advancement of fintech companies, the hassle of credit card bill payment has been reduced and users can make their payments online. Checking your outstanding due is also convenient and can be done online.
Given below are some tips on how to check credit card balance online.
Visit the official website of your card issuer. Log in to the online account by entering your username and password. As and when you enter, you can check your balance, track your transactions and also pay your amount.
To pay your amount, enter your card (debit or credit card with which you wish to make your payment) details like your name, card number, expiry date and CVV. Once you enter the details, you will receive an OTP on your registered mobile number. As and when you enter the OTP, you will receive a confirmation on your successful payment.
Several financial institutions and NBFCs provide credit cards with ATM withdrawal facility. Using ATMs is one of the tips on how to check credit card balance. To check, insert the credit card and enter your PIN. After the PIN is verified, press the ‘Check Balance’ button to know the balance. You can also generate mini statements for future reference.
NBFCs like Bajaj Finserv offers cards with ATM withdrawal facility. Their Bajaj Finserv RBL Bank SuperCard is one such card using which you can avail interest-free ATM withdrawals up to 50 days and also emergency loans with no interest up to 90 days.
They also bring you pre-approved offers on credit cards to make the application process hassle-free and fast. These pre-approved offers are available on multiple financial products, including home loans, personal loans, business loans, etc. You can take a look at your pre-approved offer by sharing your name and phone number.
- Mobile app
Card issuers provide access to mobile apps using which individuals can check the outstanding balance of your credit card and make their payment. Such apps support both iOS and Android, making the process convenient. With these apps, you can also make payments using your debit or credit card. Enter the card details like your name, card number, CVV and expiry date to receive an OTP on your registered mobile number. As and when you enter the OTP the payment will be made and you will be notified on the same.
You can also enable SMS notifications by subscribing to such services provided by your card issuer. These companies also provide with payment reminders to ensure that you can pay the outstanding amount on time. Paying on time is one way in which you can use a credit card to improve your credit score efficiently. You can also enable such facilities on the online account provided by your card issuer.
Your credit card issuer will send you monthly statements depending on your billing cycle. The issuer may send a hard copy of the statement to your registered residential address or a soft copy via an email. Checking the outstanding amount and payment due date are some ways to read your credit card statement accurately.
Alternatively, another tip on how to check credit card balance is by using Paytm. Access your Paytm account and enter your credit card details. After you enter your credit card details, you can check your balance and also make your payments.
To make the payments enter the card details (using which you wish to make a payment). After you enter the card details, you will receive an OTP on your registered mobile number. Enter the OTP to process the payment. You will be notified as and when the payment is successful.
While you use these platforms, do make sure to log out of your online account. Also, do not share your username, password or ATM PIN to prevent third parties from gaining access to your account.