As a wise credit card user, you must manage your credit card usage according to your financial condition so that it can pay its bills accordingly and on time and avoid any additional charges. Thus, you can reap the benefits of your credit card and not get stuck with credit card debt that is accumulating. Below are few tips how to pay your credit card statement:
- through automated teller machine, text messaging Banking, Phone Banking, or Internet Banking
In addition to making direct payments to branch offices of credit card issuing banks, you can also make payments via automated teller machine, text messaging Banking, Phone Banking or Internet Banking, with your credit card issuing bank issuing the facility. If you use automated teller machine, text messaging Banking or Internet Banking from the same bank with your credit card issuing bank, it will not normally cost you anything, except Phone Banking which usually costs around $ 3. But if you use automated teller machine, text messaging Banking or Internet Banking from different banks, then there will be additional fees ranging from $ 5- $ 7, depending on the bank.
The way to pay credit card bills via automated teller machine and Internet Banking is about the same as if you made a payment in general, that is:
-Select the Payment menu
-In the Payment menu, select Credit Card
-Follow the instructions and fill in the amount to be paid and your credit card number when requested
-While for Text Message Banking, you can ask your credit card issuing bank about the order to be typed via text messaging to make credit card bill payment, with fee according to the prevailing text messaging rate.
- Auto Debit
If you have a savings account in the same bank as a credit-issuing bank, you can take advantage of the Auto Debit or Automatic Withdrawal facility which means that the charge will be withdrawn directly or debited from your savings account. This method is usually free of charge.
- through Drop Box
Drop box is a payment facility by filling the form in the form of an envelope and direct money you put into the envelope of the form to then put in a box that resembles a raffle box. This drop box facility is usually provided by a foreign banks.