Credit Card Bill Payment


    Credit cards are something we can’t do without in our day to day activities. What we should not do without is missing payments on our card bills. Missing payments and making late payments on the bills incur additional fees, charges and penalties with Credit Cards. However, all banks in Singapore today have made credit card payments completely simple and hassle free by providing an array of bill payment options so we do not miss out on payments. Payments through Online Banking, Phone Banking, SMS, cheques, cash etc. are some convenient ways of making payments among others.

    Credit Card Bill Payment Options in Singapore:

    Leading Singapore banks offer a range of widespread options to make bill payments:

    • Online Banking: This is one the most preferred and commonly used option chosen to make credit card bill payments. This is because online banking or internet banking is available 24/7 anywhere in the world. This helps skip long queues during busy hours of the day and simply make the payments electronically. Online banking also provides various other benefits including storing your eStatements, checking your account balance, transfer funds etc.
    • InterBank Giro: When you choose InterBank GIRO as your preferred payment option, your bill payment will be deducted from your selected bank account on a predetermined date every month without you having to worry about keeping track of your bills and payments. To apply for this facility, you will need to visit your bank’s website, download the GIRO application form, complete it and submit it to the bank. Depending on the bank, the processing of your application and completion might take between 2 to 6 weeks. Until your GIRO facility is activated, you must continue to make payments using your current mode of payment.
    • Phone Banking: All leading Singapore banks provide phone banking services to customers. This service also allows you to make payments on your credit card bills. Similar to online banking, phone banking offered by certain banks are also available 24/7. You can make your credit card bill payments by entering your NRIC/ATM or card number when prompted and following the instructions to make the payment. You will also have access to additional card services including checking your account information, fund transfer, temporarily increasing your credit card limit, balance transfer, requesting for cheque books etc.
    • AXS: AXS is a one-stop payment service offering an extensive range of payment options and online services at AXS stations. AXS offers more than 150 services to its customers. AXS e-Station allows free-of-cost online payments on bills, in addition to other payments including loans, insurance, healthcare, etc. Even prepaid top-up facilities are available.

      Reference: How to Use AXS Stations to pay your Credit card Bills?

    • S.A.M. Machines – Singapore Post Self-Service Automated Machine: SAM is a convenient service provided by Singapore Post that can take care of your bill payments, postal requirements, financial requirements, lifestyle needs and much more. Apart from making your credit card bill payments, you can also use SAM for transaction related activities including making top-ups, bookings, ticketing etc. There are more than 300 SAM kiosks strategically situated across Singapore that offer services 24/7. You also have the choice of opting for SAM Web or SAM Mobile to make the payments.
    • ATM: Some banks on the island offer its customers the option of making their bill payments through the bank ATM using their Current or Savings Account or their ATM Card or Debit Card.
    • Cash: Cash is an acceptable mode of payment for your bill payment when made physically at the local branch or any Cash Deposit Machines (CDM) of your credit card issuer. However, banks usually do not accept cash when mailed to their bank address.
    • Cheque: When you pay your bill via cheque, make sure to cross the cheque and make it payable to the name of your bank’s card centre. You will be required to mention your credit card number and the amount payable for each of your cards at the back of the same cheque. Also note that many banks in Singapore do not accept postdated cheques. You must check with your bank as to whether they accept such cheques.
    • SMS: There are some banks on the island that allow credit card bill payments to be made via SMS. It usually requires a one-time setup followed by which you will receive payment instructions to complete the transaction. The components of your message will include the type of payment you are making (minimum payment or full payment), the last few digits of your credit card and your account number. Setting up this service may take up to 1 week or more. Until this payment option is setup for your card, you must continue making your payments through your current payment mode.

    Tip: Always make sure to pay your credit card bill at least 2 working days before the Payment Due Date to allow the bank to process the payment. Otherwise, you may incur late payment charges if the payment does not reach the bank on time.

    Advantages of Paying Credit Card Bills Online

    • Convenience: Online banking or internet banking is available 24/7. This allows you to spend more time on your everyday activities and less time on banking. You can skip standing in queues and going to the bank physically during their operating hours and perform an array of banking services with a few simple clicks online.
    • Ease and simple steps: There is no requirement for you to take physical forms, fill it up and then submit it to the bank. All the process is paperless and online when you just need to fill in certain details and submit it. When online, you only need to key in minimum details and make payments on your credit card bills, open RDs/FDs and so on.
    • Enhanced Security: All banks that offer online banking in Singapore are highly secure and guarantee the safety of your account information and money. They also guarantee safety on all your online transactions and cover any loss or damage in case of fraudulent activity on your account.
    • No additional charges: Online banking is offered absolutely free of cost by all banks in Singapore. There is no fee charged for this service and at the same time offers a multitude of features and benefits that make banking extremely convenient and simple.

    Banks in Singapore that offer online credit card bill payment facility

    SEE Also:

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