Credit card payments in 2019 – Advancements and changes

Cards Credit Utilization

Technology is improving day by day, and so are the credit card payment methods. The days of swiping the magnetic strips of the cards and verifying the signature on the reverse side of the credit card are over. Though effective, this method is prone to frauds. Card cloning has become rampant thereby necessitating the adoption of additional security measures.

Chip-Based card

Today you have SIM chip-based cards that contain vital information about the card and its user. The POS machines and ATMs all over the world have facilities for reading the information on these SIM cards to verify the authenticity of the user. Every card comes with a security facility that requires the user to enter a secret four-digit PIN to authenticate the transaction.

The use of these SIM-based chips has reduced the instances of cloning and card duplication. However, the threat of hacking remains because the card needs exposure to devices like hand-held card readers, POS machines, and ATM slots. There are chances of compromising of data. Hence, there is a need for enhanced security features.

Near Field Communication

The use of Near Field Communication technology solves the issue of the cards having exposure to POS machines and so on. Merchant establishments have contactless terminals to facilitate such credit card payments. Your smartphone comes with an NFC chip that you need to activate to allow the transfer of data.

Wave your way through

Today, you have advanced technologies that allow you to wave your cards within 4 cm of the contactless terminals to approve payments up to a specific limit.

Offline payments

Offline payments are convenient methods of payment. However, it is an area of concern as well because a significant proportion of frauds occur in this sector. Hence, you need additional layers of protection. The CVV number is the first layer of authentication. Apart from the CVV number, you have different additional layers such as furnishing of OTP, a secure password, or using a grid card to authenticate transactions.  

We have seen different methods of making card payments. Now, we shall also go through some innovative ways of card bill payments. The technology has improved rapidly in this critical area concerning credit cards.

Card bill payments

There was a time in the past when you had to write a cheque for making the credit card payment. The banks had individual drop boxes placed at strategic locations where you can drop the cheque along with the bill counterfoil. The credit for such payments depended on the day of clearing of the cheque. It used to take a minimum of four to five days for the payment to take effect.

However, there has been a considerable improvement in the payment methods over the years. You have net banking today to enable you to make payments online. It is not necessary to access the internet-banking website of your credit card issuer to make the payment. You can do so by accessing your bank website. There are other methods like BillDesk or other third-party payment gateways.

If the card-issuing bank and your bank are the same, the payment takes effect within a matter of a few hours. In the case of third-party intervention, it can take a day or two for the payment to come into your credit card account. Any day, it is better than the days of old.

The 2019 Scenario

Technology is improving on a daily basis. With the introduction of mobile wallets and other modes of payment, it has become easy to make credit card payments in 2019. Secondly, making these payments have become an attractive option as well because of the availability of various exciting cashback and other offers.

You have exciting offers from payment gateways like CRED and mobile e-wallets like MobiKwik and PhonePe. Let us look at some of the offers that are still valid today.


  • The maximum amount of cashback you get is Rs 200 per bill payment.
  • You can use this promo code twice a month
  • This offer is valid on Visa Card bill payments alone
  • The minimum amount should be Rs 2000 for availing this offer.

Similarly, there are other mobile e-wallets to facilitate safe payment while enabling you to earn rewards at the same time.

Final thoughts

We have discussed how technology has changed over the years in matters concerning credit card payments and repayments. Credit cards are convenient instruments but can cause great harm if not used properly. Hackers can create havoc with the amount of data present on the credit cards. Hence, one has to be careful while using them to make online and offline payments.

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