How to Make ICICI Credit Card Bill Payment on Time?

ICICI Bank is a leader in the banking sphere offering a wide range of financial products such as credit cards. The bank encourages customers to go online by earning them rewards, discounts and cashback on their e-spends. At the same time, it helps you chill out in luxurious airport lounges. All these and more would encourage you to shop with ICICI Credit Card. But a delayed payment can add to the unwanted charges of interest and taxes. So, the need of the hour is to make timely payments which will not only help you avoid paying interest and taxes but also assist in maintaining a strong credit history to benefit you in the long run. There are ways by which you can make ICICI Credit Card Bill Payment on time.

Tips to Ensure Timely Payment of ICICI Credit Card Bills

Here’s a list of tips, which if taken into account, would help ensure timely payment.

Spend as Per Your Income - You should purchase with the credit card keeping your income in mind. As there can be some cash spends, you better be selective in card purchases to ensure the bill remains within your reach.

Prioritize Your Spends - You can be influenced by your peers and spend on something that may not be your need at all. You may want to live the lifestyle of your peers by matching their spends but only to lose ground later on with payment delays and charges afterward. So, if your priority is more about purchasing groceries, spend less on stuff like travel and entertainment. This will help keep the bill amount in check and hence ensure timely payment.

Stick to Your Spending Budget - Everybody has a budget that they should adhere to. It also applies to credit card shoppers who on spending beyond their capacity can come to a situation of absolute default. The earnings you make should be the one that decides the spending budget for yours. Doesn’t matter how tempting the offers may be, buy the stuff only if it comes to your budget.

Don’t Keep Revolving the Credit - Revolving credit is fast becoming a habit of credit card shoppers these days. Yes, by paying on time the minimum due that accounts for about 5% of the outstanding credit card balance, you can avoid late payment charges. But it raises the bill with the bank charging interest on the outstanding balance. The interest is charged at 2.5%-3.5% per month. Further, you need to pay the Goods and Services Tax (GST) at 18% over the interest amount. The subsequent purchases would further add to the bill amount month after month. This could cause a possible delay and lead to charges.

Avoid Cash Withdrawal - Credit cards come with cash withdrawal facility only to sink you deeper into financial wobbles. Cash withdrawal not only invites charges on the withdrawal amount but it also brings to picture the interest that is levied at about 2.50%-3.50% per month. The interest accrues from the time of withdrawal until you pay the total due. If you have withdrawn cash, make sure not to repeat the same and pay dues in full.

ICICI Credit Card Bill Pay Bill Desk

You can pay ICICI credit card bills using the payment gateway of Bill Desk. Enter the cardholder name, credit card number, the expiry date of the card and click on ‘Submit’ to get to the payment page wherein you can choose from a debit card or net banking to pay off the dues.