How to Link Credit Card to Bank Account

The process to link credit card to bank account may vary from one bank to another. However, the general steps are:

• Login to the Netbanking portal of the bank whose credit card you have taken
• Go to the credit card section
• Click on the Register New Card button
• Enter credit card details like credit card number, expiry date, CVV number, etc.
• Click on the Submit button
• You will receive an OTP. Enter it and click on Submit

Within a few hours, the bank will verify the information. If successful then your card will be successfully registered. You can then pay your bills, check balance, etc. from Netbanking portal.

Suggested Read: All You Need to Know About Credit Card Bill Payment

The benefits of linking credit card to bank account are given below.

Easily pay off credit card bills: Through Net Banking, you can pay your credit card bills. The amount will be deducted from the savings/current account and credited to your card.

View Credit Card Statement: You can easily see your credit card statement and other details like Minimum Amount Due, Total Outstanding Amount, etc. along with complete day-to-day transaction details online. You can also view previous statements.

Request Credit Limit Increase: If you wish to increase your credit limit, you can request the same through internet banking. Also, if you already have pre-approved limit increase offers, you can approve the same online and add to your limit with zero hassle.

Request Credit Card Upgrade: By linking credit card to bank account, you can easily send a credit card upgrade request online.

Stay Updated on Credit Card Offers: Banks usually update credit card offer details on their net banking page. You can stay on top of such updates by using your credit card net banking regularly.

Convert Transactions into EMIs: Almost all credit cards in India offer EMI Conversion Facility. With net banking, you do not have to call the bank or send SMS. Just select the transactions to be converted and the tenure and approve. EMI will be created in 3-5 business days.

Related Read: Does It Make Sense To Convert Your Credit Card Dues Into EMIs?

Apply for Credit Card Loans: If you have preapproved loan on credit card offers, you can avail the same through net banking or mobile banking.

Can anyone link credit cards to their bank accounts?
Anyone who has a credit card and a bank account at the same bank can link their credit cards.

Can I automate credit card bill payment through online banking account?
Yes, you can set standing instructions to pay off your credit card bills.

Can you send money from a credit card to bank account?
Yes, you can transfer money from your credit card to your bank account. However, you will require an e-wallet account (Paytm) to complete the transfer. You simply transfer the money from the credit card into your e-wallet and then transfer the amount to your bank account. We do not recommend this option as you may incur 5% of the amount as fee. Also, if you transfer over Rs. 10,000 in a month from credit card to e-wallet then you will incur 1.75% of the amount as fee.

Is credit card linking mandatory?
No, you do not have to link your credit card to your bank account. It is optional. However, it is recommended as you can manage multiple facilities without hassles of calling the bank.

Can NRIs link their credit cards to bank accounts?
Credit cards can be linked by only those people who have a savings or current account.