credit card We use it for everything from shopping to ticket booking. But do you know that you can also pay insurance premium with your credit card. Let us tell you that paying insurance premium through credit card is quite easy. Besides, it has many benefits. Let us know how you can pay the insurance premium on time from your credit card.
This is the complete process of credit card payment
- Go to the insurance company’s website or app
- After this go to payment section
- Choose premium payment option now
- Select payment option by credit card from available payment options
- Enter your credit card details
- After this confirm the payment
You can also choose auto-debit option
You can also set the option of auto-debit facility in insurance premium payment. By doing this your premium will be paid automatically. Using a credit card to pay insurance premiums may be a better option, but it is important to weigh its pros and cons.
Advantages and disadvantages of credit card premium payment
- Payment without bank balance: You can make payment without keeping the entire amount in your bank account.
- Improves credit score: Timely payments can help improve your credit score.
- Benefits of Reward Points: Many credit cards offer reward points on payment of insurance premium.
- Timely Payment: Choosing the auto-debit option from a credit card ensures your premium is paid on time.
- Additional fees: Some insurance providers charge additional fees for credit card payments.
