Credit cards serve as facilitators for both online and offline transactions. However, it is important to remember to pay your credit card bills on time. Through myBCA, you can pay your credit card bills anytime and from anywhere.
Learn more about the importance of paying your credit card bills on time below.
Understanding the Importance of Timely Credit Card Payments
It is crucial to be mindful of the due date for credit card payments to avoid late fees. Typically, this information is provided in the monthly billing statement, which may be delivered via email or traditional mail.
Here are the reasons why credit card payments should be made before the due date:
1. Avoid late fees
Failure to settle the credit card bill by the due date will result in the imposition of late fees, which are appended to the bill and accrue over time. This can lead to an increase in the total amount due.
2. Impact on credit score
Individuals holding credit accounts possess a personal credit score. This score is influenced by the punctuality of credit repayments. Delays or defaults in credit card payments can adversely impact the credit score, potentially impeding the ability to secure new loans from banks, such as car loans or mortgages.
How to Pay Credit Card via myBCA
You can pay your credit card bills through the Pay & Top Up feature in the myBCA app. The steps are as follows:
- Log in to myBCA
- Go to the Payment & Top Up, select the Credit Card & Paylater menu
- Choose your credit card issuing bank
- Select the fund source account and enter the credit card number
- The billing amount and minimum payment will appear. Enter the credit card payment amount and select Continue
- Review the payment information and select “Pay” if everything is correct.
- Enter your PIN to confirm the payment
- Credit card bill payment is successful
In addition to payments for BCA credit cards and Paylater BCA, you can also use myBCA to make credit card payments from various other banks.
To access these features, download the myBCA app from the Play Store and App Store. If you wish to apply for a BCA credit card online, please click the button below: