By August of 2019, there were around 51.7 million credit cards in circulation in India as per the Reserve Bank of India. The strong number indicates that more individuals are now favoring cashless transactions and are finding credit cards to be a more feasible alternative.

Regardless, to make the most of this financial instrument, new users should find out more about its basics and its uses. To begin with, they should start with knowing how to check credit card balance and ways to its statement accurately. In doing so, users would become more confident about utilizing the card to the fullest and gain the maximum benefits effectively.

Ways to check credit card balance

The following highlights the different ways in which credit card users can check their account’s balance –

• SMS

Users who have subscribed to the SMS alert service would be notified every time they transact through their credit card. Such a facility not only helps to keep a better track of the user’s outstanding balance but also comes in handy to minimize the risk of fraudulent transactions.

To track credit card balance through SMS, users must subscribe to the service; they should figure if their credit card issuer extends a service.

• Net banking

Credit cardholders can also check their balance through the net banking facility by following a few simple steps. For instance, they would be required to visit the official website of the credit card issuer and log in to the account with their unique ID and password.

Subsequently, they have to look for the credit card statement and balance section. By simply entering one’s credit card number, users can check their current outstanding balance.

Similarly, besides learning how to check credit card balance online, users should also figure out how to pay credit card bills through net banking to optimize the card’s utility.

• Mobile app

Users can check their credit card balance and other details with the help of the official mobile app of their issuers. For instance, the Bajaj Finserv RBL Bank SuperCard comes with the RBL MyCard App via which cardholders can manage almost all functions related to the card.

Bajaj Finserv also provides pre-approved offers on several financial products including personal loans, business loans, etc. It directly helps borrowers to make then process of financing more affordable. Check your pre-approved offers by offering details like name and contact information.

These apps further enable them to access, monitor and download their monthly credit card statement and help keep a better track of their transactions.

To access the said statement, registered users are required to follow these simple steps –

1. Log in to the official website with the help of a customer ID and password.
2. Look for ‘Credit Card Statement’.
3. View or download the statement.

However, to track one’s transactions better and to manage expenses wisely, users should learn how to read a credit card statement correctly.

• ATM

Most leading financial institutions allow their customers to check their credit card balance with the help of an ATM. All they would be required to do is, insert their card in an ATM and follow the instructions displayed on the screen. Notably, as per credit card rules, users have to provide their credit card PIN to find out about their outstanding balance successfully.

• Customer service

Besides being one of the ways to activate credit cards customer services also come in handy to check one’s card balance. On providing vital credentials pertaining to a credit card, users can gain the required information about their credit card account balance. Notably, such a facility can be availed by getting in touch with the customer representative either through customer care number or in person.

Other than these, credit card users can visit the nearest branch of their issuer and check their account balance quickly. Such a visit may also prove to be insightful for new users and would help them to figure out the different online and offline ways of how to check credit card balance. Subsequently, they would be able to opt for the most suitable method of checking credit card balance from among methods like SMS, mobile app, net banking, etc.

Few of the ideal ways to check credit card balance

As of August 2019, there were a total of 51.7 million active credit cards in India. The robust number indicates that more individuals are now opting for cashless transactions and prefer credit cards over most financial instruments. Subsequently, to make the most of credit and its benefits, new users should make it a point to learn more about their credit card and its associated features and benefits. To begin with, they should find out how to check credit card balances quickly and read the statement correctly.