IDFC First Credit Card Payment through ATM

Last Updated : May 12, 2025, 3:17 p.m.

Managing credit card payments efficiently is challenging and crucial for maintaining financial health. IDFC First Bank offers multiple channels for credit card bill payments, including the convenient option of ATM payments. This comprehensive guide explores everything you need to know about IDFC First credit card payment through ATM, providing valuable insights into the process, benefits, and how it compares to other payment methods.

Understanding IDFC First Credit Card Payment through ATM

IDFC First Bank, known for its customer-centric approach, allows cardholders to make credit card payments through ATMs, providing a convenient alternative to online payment methods. This facility is particularly beneficial for individuals who prefer in-person transactions or may not have immediate access to digital payment platforms.

Types of ATM Payment Options for IDFC First Credit Cards

There are primarily two ways to make IDFC First credit card payments through ATMs:

1. Cash Deposit: Some designated IDFC First Bank ATMs allow direct cash deposits toward credit card payments.
2. Cheque Deposit: All IDFC First Bank ATMs with cheque deposit facilities accept cheque payments for credit card bills.

Step-by-Step Process for Making IDFC First Credit Card Payments through ATMs

Cash Deposit at IDFC First Bank ATMs

While not all ATMs support cash deposits for credit card payments, those that do follow this general process:

1. Visit a Cash Deposit ATM: Locate an IDFC First Bank ATM that supports cash deposits (typically available at major branches).
2. Insert Your Debit Card: Use your IDFC First Bank debit card. Then enter your PIN.
3. Select “Cash Deposit”: From the menu options, select the cash deposit service.
4. Choose “Credit Card Payment”: Choose the credit card payment option from the deposit menu.
5. Enter Card Details: Input your 16-digit IDFC First credit card number.
6. Insert Cash: Place the cash in the designated slot according to the ATM’s instructions.
7. Confirm Amount: Verify the amount shown on the screen.
8. Complete Transaction: Confirm the transaction and collect your receipt.

Cheque Deposit at IDFC First Bank ATMs

Cheque payments are more widely accepted at IDFC First Bank ATMs and involve the following steps:

1. Prepare Your Cheque: Write a cheque in favor of “ IDFC FIRST Bank Credit Card XXXXXXXXXXXXXXXX” (where X represents your 16-digit credit card number).
2. Visit an ATM: Go to any IDFC First Bank ATM with cheque deposit facility.
3. Access Cheque Deposit Option: Select the cheque deposit option on the ATM screen (this may or may not require a debit card depending on the ATM).
4. Enter Credit Card Details: Input your 16-digit IDFC First credit card number.
5. Insert Cheque: Place the cheque in the designated slot.
6. Verify Details: Confirm the details displayed on the screen.
7. Complete Transaction: Finish the transaction and save the receipt for your records.

Benefits of IDFC First Credit Card Payment through ATM

Convenience and Accessibility

Making credit card payments through ATMs offers several advantages:

• 24/7 Availability: ATMs are accessible round-the-clock, allowing you to make payments at your convenience.
• No Internet Dependency: Unlike online payment methods, ATM payments don’t require internet connectivity.
• Immediate Confirmation: Receive instant transaction receipts as proof of payment.
• Cash Acceptance: Direct option to convert physical cash into credit card payments without needing a bank account.

Security Features

ATM payments provide certain security benefits:

• Physical Transaction: Reduced risk of online fraud or digital security breaches.
• Receipt Documentation: Physical receipt serves as immediate proof of payment.
• No Third-Party Apps: Eliminates the need to share information with third-party payment applications.
• PIN Protection: Transaction safeguarded by your personal identification number.

Managing Credit Card Bills Effectively

Understanding Payment Cycles

To use your IDFC First credit card completely and to maintain financial discipline:

• Statement Date vs. Due Date: Know the difference between when your statement is generated and when the payment is due.
• Grace Period: Understand the interest-free period (typically 18-50 days) to avoid interest charges.
• Minimum Payment Consequences: Be aware that paying only the minimum amount will result in interest charges on the remaining balance.
• Auto-Debit Options: Consider setting up auto-debit for at least the minimum payment to avoid late fees.

Best Practices for Credit Card Management

Follow these guidelines to maintain healthy credit card habits:

• Payment Scheduling: Mark payment dates on your calendar or set reminders.
• Budget Allocation: Set aside funds for credit card payments in your monthly budget.
• Record Keeping: Maintain a file of all payment receipts and statements.
• Regular Statement Review: Check your monthly statements for any unauthorized transactions.
• Early Payments: Try to make payments before the due date to avoid last-minute issues.

What Impact Does Timely IDFC First Credit Card Payments Have on CIBIL Score?

How Credit Card Payments Affect Your Credit Score

Payment history is one of the most significant aspects affecting your CIBIL score :

• Payment Punctuality: On-time payments positively impact your credit score.
• Score Weightage: Payment history constitutes approximately 35% of your CIBIL score calculation.
• Late Payment Consequences: Delays in payment can reduce your score by 50-80 points.
• Default Implications: Repeated defaults can severely damage your creditworthiness.

Building a Strong Credit Profile

Strategic use of your IDFC First credit card can help build an excellent credit profile:

• Consistent Timely Payments: Establish a pattern of on-time payments.
• Full Payment Practice: Whenever possible, pay the entire outstanding amount, not just the minimum due.
• Credit Utilization Ratio: Maintain a credit utilization below 30% of your limit.
• Long-Term Relationship: Keep older credit cards active even if rarely used.
• Diverse Credit Mix: Combine credit cards with other loan types for a balanced credit portfolio.

Fees and Charges Associated with ATM Payments

Direct ATM Payment Costs

When making IDFC First credit card payments through ATMs, consider these potential charges:

• Cash Deposit Fee: Most IDFC First Bank ATMs do not charge for cash deposits toward credit card payments, but some may apply a nominal fee (typically Rs. 50-100).
• Cheque Deposit: Cheque deposits at ATMs are generally free of charge.
• Non-Home Branch ATM: Using ATMs of other branches for deposits might incur additional charges in some cases.
• Transaction Limits: Be aware of daily deposit limits at ATMs (typically Rs. 49,900 for cash deposits).

Indirect Costs of ATM Payments

Consider these additional factors when using ATMs for credit card payments:

• Time Value: ATM payments made in person take more time than instant online transfers.
• Travel Expenses: Cost of traveling to an ATM location.
• Processing Time: It may take about 2 to 3 business days for cheque payments to get credited in your account.
• Non-Banking Hours: Deposits made after banking hours are processed on the next working day.

Comparison with Other IDFC First Credit Card Payment Methods

ATM vs. Online Payment Methods

ATM vs. Other Offline Payment Methods

Tips for Successful IDFC First Credit Card ATM Payments

Pre-Payment Preparation

Before heading to the ATM for credit card payment:

• Verify Card Details: Have your 16-digit credit card number handy.
• Check ATM Functionality: Make sure that the ATM supports credit card payments (not all ATMs do).
• Prepare Exact Amount: For cash deposits, have the exact amount ready.
• Check Limits: Be aware of daily deposit limits at the ATM.
• Cheque Preparation: For cheque payments, properly write the cheque in favor of your IDFC First credit card number.

Post-Payment Verification

After completing your payment:

• Save Receipt: Keep the ATM receipt until the payment reflects in your account.
• Document Transaction: Note down the transaction reference number.
• Follow Up: Check your credit card account after 1-3 business days to confirm the payment has been applied.
• Contact Customer Service: If the payment doesn’t reflect within the expected time, contact IDFC First Bank customer service with your receipt details.

Troubleshooting IDFC First Credit Card Payments through ATMs

Common Issues and Solutions

Emergency Payment Alternatives

If you face issues with ATM payments and your due date is approaching:

• Net Banking: Alternate to the net banking platform of IDFC First Bank.
• Mobile App: Use the IDFC First Bank mobile application.
• UPI Payment: Make a UPI payment using the UPI ID format: 16-digit IDFC credit card number followed by ".cc@idfcbank"
• NEFT/IMPS: Use NEFT/IMPS. Input the beneficiary details given by IDFC First Bank.
• Branch Visit: As a last resort, visit the nearest IDFC First Bank branch.

Conclusion

IDFC First credit card payments through ATMs provide a reliable alternative to digital payment methods, particularly beneficial for those who prefer physical transactions or need to make cash payments. While this method may not offer the same instant processing as online channels, it provides accessibility, security, and convenience for many cardholders. By understanding the process, benefits, and potential limitations of ATM payments, you can make informed decisions about the most suitable payment method for your circumstances. Regardless of the payment channel chosen, maintaining timely payments is crucial for a healthy credit score and financial wellbeing. Remember to keep track of your payment due dates, verify that your payments have been processed correctly, and maintain proper documentation of all transactions. With these practices in place, you can effectively manage your IDFC First credit card payments and build a strong credit history.