What should be considered before converting credit card transaction to EMI?

Converting a credit card transaction into EMI (Equated Monthly Instalment) includes an interest rate imposed by the card issuer and may fall between 12-24%. Some banks also charge card users a one-time fee for converting transactions into EMIs, NDTVProfit reported. Choosing a long tenure can lower the EMI but this would also increase the total interest to be paid.

Load More