HSBC Credit Cards Bill Payment

HSBC offers customers several convenient ways to pay the credit card bill online. The primary benefits of the online mode of payment are that it is fast – instantaneous in most cases, very easy to execute, and offers the advantage of making payments anywhere and anytime. These merits make HSBC credit card payment online score over offline modes of payment. The HSBC credit card payment online options are discussed in detail below:

1. HSBC Credit Card Payment Online – HSBC Internet Banking

An HSBC customer can pay his/her credit card bill online by logging onto the HSBC personal internet banking site. He/she can do this by using his/her unique username and password.

2. HSBC Credit Card Payment Online – HSBC Mobile Banking

HSBC credit card bills can also be paid using a mobile smartphone. There are three ways to do this (these options are only available to HSBC bank account holders):

• Mobile Banking Website

A customer can access the HSBC internet banking website, specially optimised for mobile phones and make payments on the go. The mobile website is specially designed for access from internet-enabled mobile phones and normally offers the same level of functionality as the regular internet banking website. The customer can make the credit card bill payment just like he/she does using the normal internet banking website.

• HSBC Mobile Banking Application

HSBC has developed another convenient way to help customers bank on the move – the HSBC Mobile Banking App. This mobile application is available for Android and Apple smartphones, tablets and iPads. Those customers who are registered for internet banking have access to mobile banking after installing the application on their mobile devices. This mobile app comes with a unique Transaction Data Signing (TDS) facility that provides additional security for everyday banking transactions. The credit card bill can be paid using this app from any location.

• HSBC Simply Pay – Unified Payments Interface (UPI) App

HSBC Simply Pay App (UPI app) facilitates instant online payments in a simple, convenient and secure manner. The Unified Payments Interface allows payments to be made either using a Virtual Payment Address or an Account Number/IFSC code combination. This app makes it very easy to pay the credit card bill as money is transferred in real time. This method of HSBC credit card payment online is available 24x7 including public and bank holidays.

1. HSBC Credit Card Payment Online – National Electronic Funds Transfer

HSBC credit card bill can also be paid via National Electronic Fund Transfer (NEFT). NEFT facility allows electronic transfer of funds from any bank branch to any other bank branch in India on the same day or the next business day. The customer has to login into his/her internet banking account and add HSBC as a payee by selecting NEFT as the mode of payment. The 16-digit HSBC credit card number will be the payee account number. Beneficiary details like the beneficiary name, account number, bank, branch and IFSC code have to be entered accurately to make a successful payment towards the credit card bill. The relevant HSBC IFSC code is HSBC0400002.

2. HSBC Credit Card Payment Online – BillDesk

HSBC credit card bill can be paid online from any bank account using BillDesk’s bill payment service. This third party payment facility helps customers to leverage the benefits of the electronic medium, simultaneously avoiding the drawbacks of traditional ways to pay bills. The customer can transfer money from his/her bank account instantaneously and pay the HSBC credit card bill by visiting http://billdesk.com/hsbccard/ and follow the three simple steps mentioned on the website. At the end of a successful transaction, the customer will receive an online transaction confirmation and a unique transaction reference number.

3. HSBC Credit Card Payment Online – Visa Money Transfer

Visa Money Transfer, sometimes also referred to as Visa Credit Card Payment or 'Card-to-Card Transfer’ allows customers to pay the bill for their HSBC Visa credit card. This facility works for credit cards powered by Visa only. It involves transfer of money from the customer’s bank account online using the Visa Money Transfer service. This happens within three business days and a nominal fee is charged for this service. The upper limit for a transaction (payment of Visa credit card bill) using this facility is Rs. 49,999.

4. HSBC Credit Card Payment Online – Standing Instructions

A customer can even issue standing instructions to HSBC to automatically debit his/her HSBC savings or current account with the credit card bill amount. Here, the customer has the choice to pay either the full bill amount or pay the minimum due amount every month. He/she can instruct to pay the credit card bill on the payment due date or a specified date. This mode of payment guarantees that the bill is paid on time, provided the bank account has sufficient funds. It prevents the possibility of default and gives peace of mind because one does not have to keep track of every bill.

5. HSBC Credit Card Payment Online – Electronic Clearing System

Electronic Clearance Service (ECS) is another method of online credit card bill payment. It is almost identical to the standing instructions method of payment but for one difference. It involves the customer authorising HSBC to debit his/her non-HSBC bank account to pay the credit card bill every month. The customer can choose to pay the minimum due amount, total due amount or a fixed amount towards the HSBC credit card bill.

Making the HSBC credit card payment online offers several advantages. Even if one is averse to using technology, online modes of payment should be explore with an open mind as these definitely score over other modes of payment. The main benefits of payment of credit card bill online are discussed below:

• Convenience

One of the most apparent advantages of paying the credit card bill online is convenience. There are several ways one can pay the credit card bill using the online medium, however, the common binding factor among all these options is ease of payment. Each of these mechanisms allows payment to be made from the comfort of home or office. Using only a computer or a mobile phone with an internet connection, the HSBC credit card payment online can be made from anywhere in the world. This helps avoid taking time off work and also standing in long queues in the bank. Online system of payment is simple and very easy to learn. First time users are often amazed at the convenience it offers over offline modes of payment.

• Saves Time and Effort

All online credit card bill payment options help save valuable time. The entire payment process is over in a matter of minutes and money is transferred in a short time frame. It also saves effort, which otherwise would have been spent on personally visiting the bank or an ATM and possibly standing in a long queue. Also, notification of a successful payment is given immediately in most cases. There is no need to wait for a later date for payment confirmation. Faster processing not only saves time and effort, but also prevents the risk of delay in credit card bill payment. One can even make the payment outside of the working hours of the bank.

• Safety and Security

Safety and security are other factors which set online modes of credit card bill payment apart from offline modes. Banks and financial institutions employ the latest and highest level of security infrastructure so that the entire process of payment can be done without any fear of hacking and consequently losing money. Online ways of credit card bill payment first authenticate the identity of the customer and provide security features so that his/her privacy and identity are protected. If safety guidelines issued by the customer’s bank and credit card company are followed religiously, one can rest assured that funds will be transferred towards payment of the credit card bill only. Online modes of payment also eliminate the risk of losing money and information which is a possibility with offline modes of payment.

• Easy Record Keeping

HSBC credit card payment online ensures that everything is recorded instantaneously and easily available for review at a later time. This is especially helpful when one is budgeting expenses and wants to check previous credit card bill amounts. Online mode of payment also does away with physical bills and receipts. It is also very easy to review past payment history when payments have been made using any of the online options.

• Environment Friendly

All online modes of payment are environment friendly as they do not generate a paper trail and create clutter. Not only do they help save paper, they also directly help save trees. Also, one does one not have to fill complicated deposit slips. Bill statements and payment receipts are sent to the customer electronically without any need of multiple paper printouts. Paperless online transactions also indirectly help save electricity. This makes HSBC credit card payment online one of the better options.