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As per amendment in the Income Tax Rules, PAN or Aadhaar are to be mandatorily quoted for cash deposit or withdrawal aggregating to Rupees twenty lakhs or more in a FY. Please update your PAN or Aadhaar. Kindly reach out to the Bank’s contact center on 1800 10 888 or visit the nearest IDFC FIRST Bank branch for further queries.
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FinFIRST Blogs
Imagine the not-too-old days of standing in a queue to pay your bills in scorching heat or heavy rains? Well, today it is undoubtedly a bit too much, especially when you have an option for online payment. Moreover, the flexibility and convenience offered by credit cards for clearing utility bills like electricity bills, piped gas bills, telephone bills, and more have eased life invariably.
Besides utility bill payments, credit cards bring in several benefits. It streamlines your financial responsibilities, you can pay recurring bills on time, deadlines are never missed, and while you pay all these bills you keep adding to your reward points, which can be used later for other purposes.
Let's explore five credit cards benefits when used for paying utility bills.
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Ease of paying bills with automatic payment
As an IDFC FIRST Bank Credit Card holder, you can give standing instructions for automatic payment of the bills. On the designated date, the billable amount would be released for the payment of the bill. In one simple step, it would organise your payment schedule, and you would never miss the due date.
Saves Money
IDFC FIRST Bank offers discounts and cashback time to time for paying utility bills using their credit cards, which can help you save your money. With enough accumulated cashback, you can use this to pay for your future utility bills or several other purchases.
Reward points
This is one of the most exciting and promising features of credit cards. With every penny spent via credit card, you get reward points which you can redeem at your convenience for shopping, booking hotels, etc. With an IDFC FIRST Bank Credit Card, you can redeem these reward points anytime and use them for online or in-store purchases. They do not have an expiry date, so those rewards are with you for life so you can redeem them at your convenience.
Better Control Over Your Money
Using a credit card as a payment option does not mean you become clueless about your money transactions. Even if you have given standing instructions for the payment of bills, it can be cancelled or changed before the designated date. You can opt for reminders and alerts on your registered mobile number about any upcoming payments to keep a check on your money.
Improves Credit Score
The right utilisation of credit cards and timely payments can help improve your credit score. This can further help you increase your credit limit or even secure a loan.
Payment of the utility bills through credit cards means that you never have to miss a payment and incur late fees. Credit cards also come with numerous rewards that you can use for various purposes. Opt for an IDFC FIRST Bank Credit Card that comes with many benefits, enjoy the convenience and amazing merchant discounts, and get to save your money!
Disclaimer
The contents of this article/infographic/picture/video are meant solely for information purposes. The contents are generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. The information is subject to updation, completion, revision, verification and amendment and the same may change materially. The information is not intended for distribution or use by any person in any jurisdiction where such distribution or use would be contrary to law or regulation or would subject IDFC FIRST Bank or its affiliates to any licensing or registration requirements. IDFC FIRST Bank shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information mentioned. Please consult your financial advisor before making any financial decision.
The features, benefits and offers mentioned in the article are applicable as on the day of publication of this blog and is subject to change without notice. The contents herein are also subject to other product specific terms and conditions and any third party terms and conditions, as applicable. Please refer our website www.idfcfirstbank.com for latest updates.
