Credit card EMI explained: What it is and how it works

Using an EMI credit card is an easy way to finance large expenses. The ability to turn your cash purchase into a monthly repayment is easier than ever due to various repayment options and attractive rates. Here we will discuss in-depth about credit card EMI and how it works.

What is credit card EMI?

With credit card EMI you can convert large payments into fixed monthly repayments on your credit card statement. Typically this is started via the bank’s own EMI portal or through arrangements made between the credit card provider and the merchant.

In conclusion, just remember to never miss an instalment, to check for processing and annual fees and for when and how much you will lose on a foreclosure. All of this helps make good buying decisions and convert into great financial decisions that promote flexibility and financial responsibility when managed appropriately.

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