direct debit payment ach sbi credit card

Direct Debit Payment: A Convenient Option for SBI Credit Card Holders

As an SBI credit card holder, managing your finances has just become easier with the introduction of direct debit payment options. In this article, we will explore the benefits and convenience of using direct debit payments for your SBI credit card.

For those who are not familiar, a direct debit payment is a type of recurring payment that allows you to make automatic payments from your savings or current account to settle your credit card dues. This feature can be linked with your SBI Elite credit card, making it an ideal option for individuals who want to avoid late payment charges and maintain a healthy credit score.

Recently, I had the opportunity to experience the benefits of direct debit payments firsthand. After checking my limit again, I realized that it was still 1.6L despite the fact that it should be zero. Upon further investigation, I discovered two credits done by SBI of 1.6L in my unbilled transactions and payment history. Although I initially thought that this might be due to non-updated records, a friend suggested that calling the TOLL FREE number would provide me with real-time stats.

After making the payment from my current debit card five days ago, my limit is still 1.6L. As per my understanding, since my bill is set to generate on December 2nd and I need to make the payment before December 22nd, my limit should be zero by now. However, due to unforeseen circumstances, I found myself short of funds on December 22nd. To avoid any late payment charges, I made a payment from my current account with my debit card for 1.6L and used my credit card limit again immediately.

As an SBI Elite credit card holder, my auto-debit is linked to my savings account. This means that every month, my bill gets generated on the 2nd of each month, and I have until the 22nd to make the payment. With direct debit payments, managing my finances has become a breeze.

In conclusion, direct debit payment options offered by SBI credit cards provide a convenient way for cardholders to manage their finances effectively. By linking your auto-debit with your savings account, you can avoid late payment charges and maintain a healthy credit score. Whether you're someone who wants to prioritize your expenses or simply prefers the ease of automatic payments, direct debit payments are an ideal option for SBI Elite credit card holders like myself.

Direct debit payment ach sbi credit card