Topic Collection • 4 GuidesFree, plain-English finance guides
Credit Cards
Card EMI conversions, and the charges that do not appear in the advertised rate.
4 guides
Personal Loan or Credit Card EMI?
The real cost in India of converting a card purchase to EMI against taking a personal loan, including the processing fee and the 18% GST on it.
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GST on Credit Card EMI: What You Actually Pay
GST applies to the interest and the processing fee on a card EMI conversion. Where it lands, how much it adds, and why the advertised rate hides it.
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Why a Card EMI Blocks Your Credit Limit
Converting a purchase to EMI does not free up your credit limit. How much stays blocked, how it unwinds, and what it does to your credit score.
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How to Close a Credit Card EMI Early
What foreclosing a card EMI costs, when it saves money, and the one mistake that leaves you paying interest on a debt you thought you had cleared.
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Reviewed by Pradipta Ray, MBA (Finance) · Updated