Step-by-Step Guide: How to Pay Your Credit Card Bill Easily and On Time

Credit Card Bill Easily and On Time

When used carelessly, credit cards are a one-way trip to financial trouble. However, the same card supports your financial requirements and gives you much-needed breathing room as you manage your money if it is used wisely.

You have many options for dealing with credit card debt if it’s weighing you down. There are numerous ways to pay off credit card debt quickly. Before paying the bills and knowing what error to avoid for your subsequent billing cycle, it is most necessary to take into account the interest rate on bills, fines and penalties, your ability to repay, and many other elements.

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Here are some typical yet crucial factors to think about when paying credit card bills on time:

Convert payment to EMIs

The majority of credit cards offer the ability to turn credit card balances into EMIs. You can speak with your bank about the possibility of having your balance converted to a series of monthly EMIs. However, some banks impose a monthly interest fee of 2–3% in exchange for providing the EMI facility. 

Many banks also provide this service for no charge, enabling customers to use their credit cards to make simple purchases. However, you should consider the processing cost associated with the outstanding balance before choosing this option.

Find a payment plan

You need a thorough repayment strategy if you are willing to pay off the credit card debt. Consider the following tactics to hit your goal sooner:

  • Pay more than the minimum required

Banks allow you to choose to pay only the minimal amount specified on your credit card statement. You can pay the bare minimum if you can’t pay the entire credit bill. The longer it takes to completely pay the debt off, the more interest is accrued because banks add interest daily.

  • Paying off high-interest debt first

Many credit card users need to pay more attention to this and adopt the incorrect strategy when paying off high-interest debt first. Most people think about paying the credit card with a close due date first when they have debts on multiple credit cards. Users should prioritize paying off debts on cards with higher interest rates first because failing to do so could result in increased interest charges on past-due balances, which would raise the total amount owed. In order to lower your overall interest, pay off the credit cards with the higher interest rates.

  • Paying the card with the lowest balance first

Customers that use this technique of debt repayment focus on paying the credit cards with the lowest balances first. When concentrating on larger installments, you keep building up the accounts requiring minimum payments. Interest fees and late fees are two examples. List your accounts in order of highest to lowest balance, then settle smaller invoices first. Your debt payback is expected to move forward swiftly. You’ll be inspired to keep up your efforts to pay off your debt.

  • Utilize the grace period and be aware of your billing cycle

To benefit from their credit card billing cycle, cardholders should be aware of it. A period of no credit is offered by banks. It features a 30-day statement cycle and a 15-day grace period for paying past-due bills. This time period begins on the day of purchase and the first day of the billing cycle, as you should be aware. To make the most of this interest-free period, consider this before making your next purchase on credit.

  • Use personal loans to consolidate your bills.

Personal loans are a good substitute for making interest-only payments on a sizable debt. Consider a personal loan to combine all your obligations if you have several credit cards with outstanding balances. You may be able to obtain an instant personal loan from a bank at a reasonable interest rate depending on the overall credit score. The loan amount might be sufficient to pay off all of your credit card debt. Interest on credit card balances is higher than that of personal loans.

  • Think about a system for automatic bill payment

Credit card payments come with hefty interest rates and late payment penalties, which is a costly error. You should have your bank set up an automatic credit card bill payment option if you want to avoid such extra expenses. There won’t be any need for manual intervention or authorization. Your connected savings or current account will be used to deduct the credit card bill amount—no need to stress about meeting deadlines. Make sure there are adequate finances available to pay the bills. 

  • Limit the number of credit cards

Customers may receive multiple offers for new cards in the cutthroat financial market. These offerings can appear alluring. As a result, you could apply for those cards and spend money on non-essentials. Credit cards are an excellent source of financial support for individuals. However, if you miss deadlines, you risk being yourself in a debt cycle involving several cards. Therefore, avoid being seduced by buy-now-pay-later schemes and continue making on-time payments on your existing cards.

  • Utilize the holiday season to your fullest potential

Making the most of this time off is the greatest approach to manage your credit cards. You may benefit from an interest-free period of up to 50 days on your card, depending on your billing cycle and the transaction date. If you are temporarily having financial difficulties, plan your purchases on your cards in order to enjoy your holidays to the most and avoid incurring interest.


Although getting rid of credit card debt may seem impossible, it is possible. Don’t let your bill pile up and come back to haunt you by strictly adhering to the fundamental guidelines for paying credit card bills. Open the credit card statement attachment in your inbox regularly and check to see if the purchases you made with your credit card are appropriately recorded. 

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The views expressed in this article are those of the authors and do not necessarily reflect the views or policies of The World Financial Review.