If you are a credit cardholder, the most efficient way of accessing your credit card today is by using a mobile banking app. A good mobile banking service offered by any bank also includes credit card-related services. 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. 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 for it 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 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 to look for in a banking application for 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 very popular and effective features – Auto Pay and One-Swipe Pay – to effectuate fast and seamless money transfers.
Reliable customer service
IDFC FIRST Bank has one of the most dedicated and responsive customer service teams for mobile apps in India. The bank lays a special emphasis on 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 you multiple options for fast online transfers.
Categorisation of transactions
The USP of this app is the ‘Track Your Expenses’ feature which helps customers categorise their previous transactions and infer learnings from them to earn more money in the future.
Smart filters
The IDFC FIRST Bank mobile banking app also allows you to apply ‘smart filters’ to view your transactions.
Seamless UPI payments
Finally, the IDFC FIRST Bank mobile banking app is a UPI (Unified Payments Interface)-enabled app and facilitates fast UPI transactions.
If your mobile banking app has these features, you can bank on it to make credit card payments and repay your credit card debt. Remember that a good mobile banking app goes beyond facilitating online money transfers – it helps you budget better, invest your savings, categorise your payments, and remind you about credit card repayments!
