By using a credit card, you can make cashless payments with ease. These payments are made keeping in mind the pre-set limit that exists on the credit. This is dependent upon the borrower’s credit profile in addition to the norms put forward by the credit card issuer.
Credit cards are popular as they allow you to make purchases even if your accounts presently lack sufficient funds needed for said purchases. At the end of the billing cycle, you are either required to repay the credit card provider the total sum or you are required to split the payment into an EMI should it be available.
Not only do credit cards provide cardholders with the credit they also allow cardholders to generate a good credit history which is important to establish creditworthiness.
Checking Credit Card Application Status
Prior to applying for a credit card, it is important to check whether you meet the eligibility requirements and have the required documents on hand.
- Checking Your Credit Card Application Status Online
You can check your credit card status in the following ways:
- Visiting the Bank’s Website.
- Here you would be required to use your application number or ID, date of birth, mobile number with which you applied, and the digits of your PAN card.
- Once on the bank’s website, you would have to click the credit card tab and view the card tracking page.
- Fill out the details asked for and make sure they are correct.
- After clicking the ‘Submit’ button you will be able to check the status of your credit card application.
- Sending an Email
Applicants can also email the bank in question.
- On the bank’s official website, they can open the email tab and create a new message which requests an update on the credit card application status.
- After filling out pertinent details, verifying the same, and submitting them, you can expect to hear from the bank shortly.
- Checking Your Credit Card Application Status Offline
This can be done in the following ways:
- Visiting the nearest branch of the bank.
- Calling the bank’s customer care helpline.
Accessing your Credit Card Statement
Credit card statements are issued on a periodic basis – most often monthly. They record each transaction that the card was involved in.
Credit card statements can be accessed in the following ways.
- Online
- Ordinarily, banks send credit card statements to cardholders on their registered email addresses in the form of PDFs.
- Statements can also be viewed on a bank’s net banking portal which also generates statements in the form of PDFs.
- Banks also send SMSs pertaining to statements.
- Offline
- Cardholders can call up the customer care number of their bank in order to learn the details of their statement.
- e-Statements are gaining in popularity as they are convenient, don’t use paper, and are instantly accessible.
Making Credit Card Payments
Credit card payments can be made online as well as offline.
Online payment methods include the following:
- Auto debit
- Billdesk
- IMPS
- Mobile wallet
- Money transfer
- NEFT
- Net banking
Offline payment methods include the following:
- Cash paid at a branch of the appropriate bank.
- Dialing the customer care number and completing a payment
- Using a debit card at any ATM to make a credit card payment.
- Paying with the aid of a cheque or demand deposit.
Conclusion
If it wasn’t already evident, credit cards are extremely helpful tools that allow for efficient payments to be made. Head on over to Finserv MARKETS to understand credit cards more thoroughly.
References
https://www.bajajfinservmarkets.in/credit-card/credit-card-statement.html
