How are payments on a credit card made?

I never had a credit card. I wanted to know how payments are made. I assume that a credit card holder will receive a monthly statement, like any other financial account. If purchases were made, the holder is expected to submit payment at that time. Is a check mailed to the credit company, or can payments be made at the bank/institution that issued it?|||You can:


Write a check an mail it


Use your checking account's online bill pay and mail electronic payment


Pay directly to the credit card company = there is usually a charge for this.


Pay in full each month for top credit ratings.


Carrying balance can reduce credit - and in some cases devastate your life.


/|||You are correct in all your assumptions. The only thing to watch is that you mail the payment minimum of 10 days before it is due so you make the deadline|||Your monthly statement will tell you who to make the check out to, and where to mail your payment. If there is an outstanding balance on your account, you will be expected to make payment, either in full or in part, by the due date listed on the statement. If your payment is late, additional late fees and/or finance charges will be added to your bill.





Payments are generally remitted to the credit card company, not to the bank.|||Basically you've answered your own question. You charge up the card, and then at the end of the month (or end of your statement period), they send you a bill. You pay the amount due (or at least the minimum payment due). You can pay by sending a check in the mail. You can pay by submitting your payment through the card issuer's website. You could also pay using your bank's bill-pay service (if they provide one). And you might be able to pay directly to the card issuer over the phone.





Some banks let you pay at their institutions. Some don't. My co-worker has an auto loan through Bank of America that lets you make payments at any of their branches. Then again, I had an issue with my mom's Chase credit card, and no one at the Chase branch could help me.