Credit Card Bill

Mobile payment wallets are estimated to represent 34.8% of all sales by the year 2021 with the use of this payment mode expected to grow at a rate of 80% per annum. Paytm, one of the foremost of mobile wallets, is a convenient UPI which has already captured the fancy of many consumers. A digital financial tool, the astronomical growth of Paytm like that of credit cards leads to a vital question, which is credit card bill payment by Paytm.

Before moving into the explanation of the procedure to pay credit card bill using Paytm wallet, users need to note a few details necessary to complete this transaction.
Essential details for credit card bill payment

Online bill payment of your credit card cannot be completed without these under-mentioned details.
  • Credit card number.
  • CVV of the card.
  • Concerned card’s PIN details.
  • Name as printed on your card.
  • Your card’s expiry date.
Any user about to pay a credit card bill using Paytm wallet should also note that they must keep their registered phone number active. An OTP is sent to this number, which is necessary to complete this transaction.

Credit card bill payment procedure via Paytm wallet

The process to clear a credit card bill with Paytm wallet is quite easy and can be completed within a few minutes. Users can follow these steps explained below.
  • Visit your card issuer’s official website.
  • Log in to your profile using the card number, name, and password.
  • After gaining access to your account, select your option for bill payment.
  • Go through the credit card statement once, and among the available convenient options to pay credit card bills, select the option for UPI.

Next, select Paytm as your UPI option for payment, whereby you will be directed to the Paytm wallet to complete payment.
  • Alternatively, customers can also pay credit card bill using Paytm wallet directly through the app. While this method does not allow customers to check their billing statement, it helps in quicker bill payment. Check out the steps to pay your credit card bill via the wallet directly.
  • Access the Paytm app on your smartphone. If the app is not present on your mobile phone, you will require installing it first to proceed.
Next, select the icon marked ‘credit card’.
  • Proceed by entering your credit card number, which should promptly display the name of your card issuer.
  • Next, enter the amount of money to be paid, followed by a confirmation to complete payment.

While Paytm can effectively help complete the bill payment, there are quite a few things a customer must know about credit card bill payment. These can effectively help in reducing the total amount to be paid.

Advantages of credit card bill payment using Paytm

Any user about to pay a credit card bill using Paytm wallet, by default also enjoys the advantages mentioned below.
  • Convenience: Paytm allows customers to easily clear their credit card bill from the comfort of their home.
  • Fast bill clearance: The method is instantaneous with requested funds immediately transferred to the credit card issuer.
  • Cash backs: Using Paytm wallet for credit card bill payment can be especially helpful in earning cash backs on such payments. It can effectively reduce the total amount of money spent on bill clearance.
Offered by reputed credit card issuers, the payment procedure is more convenient when compared to other payment methods. Allowing customers to complete the whole procedure within minutes, cards such as the Bajaj Finserv RBL Bank SuperCard offered convenient payment of monthly bills via Paytm wallet. Not to mention, one can also apply for credit cards online conveniently with the concerned financial institution.

Individuals about to apply for credit cards online should check the different eligibility and document requirements beforehand. Arranging them beforehand not only streamlines the application procedure but also helps with fast approval.