If you are a credit cardholder, using a mobile banking app is the most efficient way to access your credit card today. You can make payments using a credit card through a mobile banking app and even pay your credit card EMIs (Equated Monthly Instalments) through the app. A good mobile banking service any bank offers also includes credit card-related services. Let us understand how you can make online payments using your credit card through a mobile banking app and know about certain features that must be present in your mobile banking app to qualify as an efficient one to use your credit card.
How to make online payments using a credit card?
You must follow these steps to make online payments using your credit card:
- Select the BHIM/UPI (Unified Payments Interface) Payment option on your bank’s mobile banking app.
- Type in your app’s password or security key.
- Click on ‘Send Money’.
- You can now choose to pay either via UPI ID or by using a beneficiary’s account number and IFSC code.
- Enter the required details depending on the payment method chosen and continue.
- Type in the amount to be sent.
- Enter your 4-digit UPI PIN to make the payment.
Which features should you look for in a banking application when using your credit card?
Let us take the example of a well-known mobile banking app to know the features you must have in your mobile banking app to access your credit card easily. Here are the features of the IDFC FIRST Bank mobile banking app:
‘Auto Pay’ and ‘One-Swipe Pay’
The IDFC FIRST Bank mobile banking app provides two popular and effective features—Auto Pay and One-Swipe Pay—to facilitate fast and seamless money transfers.
Reliable customer service
IDFC FIRST Bank has one of India’s most dedicated and responsive customer service teams for mobile apps. The bank specializes in not keeping customers waiting while addressing their queries.
Fast online transfers
The IDFC FIRST Bank mobile banking app is known for fast online transfers. With more than two methods of transferring money online, the app offers multiple options.
Categorization of transactions
The USP of this app is the ‘Track Your Expenses’ feature, which helps customers categorize their previous transactions and infer lessons to earn more money in the future.
Smart filters
The IDFC FIRST Bank mobile banking app allows you to apply ‘smart filters’ to view your transactions.
Seamless UPI payments
Finally, the IDFC FIRST Bank mobile banking app is UPI (Unified Payments Interface) enabled and facilitates fast UPI transactions.
If your mobile banking app has these features, you can use it to make credit card payments and repay your debt. Remember that a good mobile banking app goes beyond facilitating online money transfers – it helps you budget better, invest your savings, categorize your payments, and remind you about credit card repayments!
