American Express Credit Cards are the most popular for various reasons. You can apply for American Express Card online and get an approval immediately. American credit cards are very safe.
The bank’s security system can identify anything unusual in the purchases and ensure that it is not fraudulent by getting authentication of such purchases with the customer. With a wide range of credit cards in line with the lifestyle and financial status of the customers, there is an option to choose a card that suits your pocket. Besides all this, the American Express Card bill payment is the least cumbersome. You can easily make American Express Credit Card bill payments online. There are simple ways of making credit card bill payments for both customers as well as non-customers.
American Express Credit Card Bill Payment is very convenient with various online payment options to suit the customers’ comfort level. Before understanding the bill payment options, you need to be aware of some of the key points.
Additional Info: Check Credit Card Bill Payment in detail.
Payments made through NEFT will be credited to the American Express Credit Card account within 24 hours. Registration of the credit card as Payee/Beneficiary by providing a few details as mentioned below is the first step.
2. Payment through UPI
This is a much simpler method to make the payment. The only requirement is a United Payments Interface enabled mobile app. You can log in to BHIM or any UPI enabled mobile app and make the payment.
3. Through Netbanking
You can also make payments directly from your bank account through a net banking facility available for your account. Over fifty participating banks have enabled this facility for their customers.
You can also make the American Express Credit Card bill payment through various electronic modes like UPI/BHIM-UPI, UPI QR Code, BHIM-UPI QR Code or Rupay Debit Card.
You can opt for standing instructions to debit your bank account for either the minimum amount or the total outstanding amount for the American Express Credit Card Bill payment by filling up the NACH form. You should ensure that there is sufficient balance to honour the standing instructions.
Additional Info: Latest update by RBI on Credit Card Bill Payment Due Date.
American Express Credit Cardmembers who have an account with American Express Bank can either opt for direct debit of their account for the minimum amount due or the total amount due on the due date by filling up a standing instructions form or pay through internet banking the
If you are making payment through internet banking, you will have to register the card with the following steps.
Now to make the payment of the credit card bill, log in to net banking with the net banking user ID and Password.
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There are various ways of paying the American Express Credit Card bill. The non-account holders can make the payment online through the following options.
You can also make offline payments as follows:
Account-holders of American Express Bank can make the payment by submitting a written request to debit the account for the minimum amount or the total amount due on the due date every month until the card is live.
The other method would be to make the payment through net banking by registering the credit card under the beneficiary list. After registering the credit card, all you have to do will be is to log in the net banking using the net banking credentials and make the payment by choosing the ‘pay bill’ option under the credit card section.
For all the options like paying the credit card bill, checking the credit limit, available balance, credit card statement, and downloading the credit card statement, you will have to first link the credit card to an online account soon after issuance. For this, you need to have the credit card details and the date of birth ready.
If you are going to link the card to an already existing account, you will have to log in to the account using the user ID and Password. The name in the existing account and the credit card should be the same.
If you are an add-on member, then the date of birth of the primary cardholder will be required, along with your details. The card information will, however, be restricted only to you through the online account.
Once the card is linked to the primary cardholder’s account, you will have to log in to the online account and choose the necessary option, i.e., ‘view statement’, to check your credit card bill.
You will not be able to pay the American Express Credit Card bill directly using another credit card.
You will have to opt for a balance transfer of the American Express Credit Card bill outstanding to another credit card with a lower interest rate. However, you should note that there will be balance transfer charges and you should be aware of the charges and opt for the balance transfer only if it is lucrative.
The payment due date for the American Express Credit Card payment varies between 18 days to 23 days from the billing date, depending on the nature of payment of the earlier statement dues. If the transaction date is 2nd May and the billing date is1st June, then the payment due date will be 22nd June. So the interest-free days will be from 2nd May to 22nd June i.e., 51 days if only the earlier credit card bill is paid in full instead of the minimum amount due.
Every transaction above Rs. 5000/- can be converted to easy EMI with a low interest rate and tenure ranging between 3 to 24 months. Now you can make payments of insurance premiums, big-ticket purchases, school fees etc., in easy EMIs using American Express Card.
If the minimum amount due is not paid within the due date, a late payment penalty of 30% of the minimum amount is due with a minimum of Rs. 500/- and a maximum of Rs. 1000/- plus applicable tax will be collected.
If only the minimum amount due is paid, then interest will be charged for the balance amount at 3.5% to 3.99% per month, depending on the card. This interest will be included in the credit card statement of the subsequent month. Also, interest will be charged on any further transactions made. You will not only be losing on the interest-free period, which is the biggest perk offered for a credit card but may lose out on many other benefits and rewards. If you intend to use the credit card judiciously, you should develop the habit of paying the bill amount fully instead of the minimum amount due