Fast online payment of HDFC credit card bills (2023)

FAQs

Fast online payment of HDFC credit card bills? ›

You can pay your credit card bill in various ways, both online and offline. Online payment options include mobile wallet, NEFT, IMPS, internet banking, auto debit facility, and BillDesk. Paying online is the fastest way to process your transaction, and can be done through any of the above mentioned methods.

You can pay your credit card bill in various ways, both online and offline. Online payment options include mobile wallet, NEFT, IMPS, internet banking, auto debit facility, and BillDesk. Paying online is the fastest way to process your transaction, and can be done through any of the above mentioned methods.

After the HDFC credit card payment is done, how long does it take for the money to be credited to my credit account? The exact number of days needed for the money to be credited to your card account depends on the credit card payment method that you choose. Most methods usually take around 2-3 working days.

Once you have successfully logged-in to your HDFC internet banking account, click the 'Funds Transfer' button. Click the 'IMPS' payment option. Provide the necessary details such as your credit card number, account number, biller details, the billing amount, IFSC code of beneficiaries, etc.

Credit card transactions typically take 48 hours to settle. An authorization is issued immediately; however, it takes 48 hours for the money to be moved.

You can pay the bill on or before the due date at your convenience. However, paying the bill later will incur additional charges. What happens if I pay only the minimum amount due? If you pay only the minimum amount due, your card issuer will start levying interest on the remaining amount.

The due date is usually about three weeks after the statement date. Failure to pay at least the minimum by the due date will result in a late fee. The reporting date. This the date on which the card issuer reports your balance to the credit bureaus.

Pay off your entire Credit Card balance before the end of your billing cycle: You need to pay off your card balance within the given credit card cycle, or else you will earn late charges. First time credit card holders normally get an interest free grace period to pay off their balance.

In general, it is safe to assume that most credit card companies process electronic payments in one to two business days. However, don't fret if it is taking a bit longer, especially if you've submitted your payment on time and you have sufficient funds in your checking account.

Can I do a Neft for credit card payment? ›

Yes, you can use internet banking to pay the credit card bill via NEFT.

You can choose to pay via your HDFC Bank Account using Netbanking, Phonebanking, mobile app, mobile site, ATM, cash or cheque. You can even pay your HDFC Bank Credit Card bill using a non-HDFC Bank Account.

You can pay your credit card bills through a variety of convenient channels, both online and offline – including HDFC Bank MobileBanking App, HDFC Bank NetBanking, non-HDFC Bank NetBanking, or at an ATM. There are no charges for the transactions.

You can make your credit card payment from any bank which offers NEFT / RTGS / IMPS facility on their internet banking.

The transaction will be settled to your beneficiary as per the RBI batch which ideally takes 30 mins to 4 hours.

Most credit card companies process payments over the course of a few business days as opposed to right that moment. This is because card issuers need to clear the transaction with your bank or credit union, ensuring the funds posted for the credit card payment are actually available in your bank account.

The general rule is that a credit card account payment must be credited as of the date it is received. However, the bank may set reasonable requirements for receiving payments. For instance, the bank may set a cut-off time. The cut-off time on the payment due date generally must be 5 p.m. or later.

Faster Payments are... fast. Payments usually arrive in the recipient's bank account instantly, or within a couple of minutes. Sometimes Faster Payments can take up to two hours to arrive, but this is uncommon.

Paying your credit card early reduces the interest you're charged. If you don't pay a credit card in full, the next month you're charged interest each day, based on your daily balance. That means if you pay part (or all) of your bill early, you'll have a smaller average daily balance and lower interest payments.

Should I pay my credit card bill right after buying something each time? ›

While it may be tempting to pay just the minimum payment — which could be as low as $25 — you'll start to accrue interest, leading to years of debt. The best practice is to pay off your credit card bill as soon as you make a purchase. This way, you can get into the habit of paying your bill long before its due date.

A balance transfer can take anywhere from a few days to several weeks, depending on the credit card company, but they're typically done within five to seven days.

With the 15/3 credit card payment method, you make two payments each statement period. You pay half of your credit card statement balance 15 days before the due date, and then make another payment three days before the due date on your statement.

There is no limit to how many times you can pay your credit card balance in a single month. But making more frequent payments within a month can help lower the overall balance reported to credit bureaus and reduce your credit utilization, which in turn positively impacts your credit.

Should I be paying my credit card at least twice a month? In most cases, yes. This won't only save you interest charges, but it'll also help you pay off your debt faster, stay motivated when repaying debt, avoid late fees, align your bill with your pay schedule and more. It's a win in nearly every way.

Currently HDFC Bank charges 1.10% as balance transfer fee. As a Credit Card holder, if you do not make the minimum payment on your Credit Card which is 5% of statement balance by stipulated date or time on your bill, you will be subjected to a late payment fee.

Your bank will take all of its daily transactions and submit them in a batch file to the automated clearing house (ACH) network. This processes large volumes of credit and debit transactions at once.

It's a good idea to pay off your credit card balance in full whenever you're able. Carrying a monthly credit card balance can cost you in interest and increase your credit utilization rate, which is one factor used to calculate your credit scores.

Credit card payments using IMPS are instant and can be done even during non-business hours and on bank holidays. Learn more. Introduced by the National Payment Corporation of India (NCPI) in 2010, IMPS or Immediate Payment Service is one of the fastest methods by which you can make your credit card payment.

All NEFT transactions can be settled within 24 hours. The actual time required for the settlement of these transactions, however, may vary from bank to bank. Are NEFT transactions chargeable?

How much payment can be done through NEFT in a day? ›

What is the per day limit on NEFT? There is no limit or maximum amount for NEFT Transactions.

SmartPay - Automatic Bill Payments on Credit Card. Register your bills such as electricity, mobile, internet, DTH, Rent, Gas, insurance premium one-time & be free from remembering multiple due dates T&C.

Can I use other bank debit card to pay HDFC Credit Card bill? Currently, HDFC accepts only HDFC debit cards to make credit card payments through its ATMs. If you want to use other bank debit cards, you must have registered for the bank's net banking facility to transfer funds from the account linked to the debit card.

Cash (if your credit card company also has a local bank branch) Check. ACH (by providing your bank account and routing numbers on your credit card company's website or over the phone) Online Bill Pay (typically an option with checking accounts, but more and more prepaid cards are offering this feature as well)

Autopay return charges will be 2% on the total payment amount subject to a minimum of ₹ 450/-* (Refer to MITC ie. most important terms and conditions document for latest applicable updates).

If your credit card issuer is a bank with a physical office, you can walk in to the nearest branch and make your credit card payment by depositing cash. Simply walk in to the respective bank branch, fill-in the deposit slip with your credit card details and the bill amount and submit it at the counter.

Which is faster NEFT or RTGS? ›

While NEFT does not have any minimum or maximum transaction limit, RTGS transactions require Rs. 2 Lakh for an electronic transfer. On the other hand, the time taken for an NEFT transfer is two hours, while RTGS transactions are authorized instantly.

Yes, the cash advance fee will be the same for all the credit cards provided by HDFC Bank. Is it possible to use my HDFC Bank credit card abroad? Yes, the HDFC Bank credit card can be used abroad.

3.5% + applicable taxes on foreign currency transaction carried out on Debit Cards. The exchange rate used will be the VISA/MasterCard wholesale exchange rate prevailing at the time of transaction/merchant settlement.

RemitNow is a secure online Foreign Outward Remittance platform provided by HDFC Bank, which enables you to transfer money globally from the comfort of your home and office.

If you are looking to increase your score as soon as possible, making an early payment could help. If you paid off the entire balance of your credit card, you would reduce your ratio to 40%. According to the Consumer Financial Protection Bureau, it's recommended to keep your debt-to-credit ratio at no more than 30%.

Paying early also cuts interest

Not only does that help ensure that you're spending within your means, but it also saves you on interest. If you always pay your full statement balance by the due date, you will maintain a credit card grace period and you will never be charged interest.

If you regularly use your credit card to make purchases but repay it in full, your credit score will most likely be better than if you carry the balance month to month. Your credit utilization ratio is another important factor that affects your credit score.

It takes 1 to 3 business days for a credit card payment to post to your account if you pay online or by phone. Payments by mail will take a few days longer. If your credit card is linked to your checking account and both accounts are from the same bank, your payment may post immediately following the transaction.

The Cardmember can also choose to pay the Total Amount Due or any part of the amount above the Minimum Amount Due. Such payment should be made before the Payment Due Date. Clear funds need to be credited to HDFC Bank Card account on or before payment due date to avoid Late Payment Charges.

Is it better to pay credit card early or on due date? ›

Paying your credit card early reduces the interest you're charged. If you don't pay a credit card in full, the next month you're charged interest each day, based on your daily balance. That means if you pay part (or all) of your bill early, you'll have a smaller average daily balance and lower interest payments.