Posted on 06-01-2021 by Admin
Some things have an important role in any credit card EMI scheme. While availing this, charges like interest, processing fees, late payment penalty may be levied separately. Therefore, it is better to know some things before taking advantage of it.
According to the bank, customers can be careful to avoid being a victim of online fraud. The special thing is that by taking some necessary steps, you can protect the credit and debit card of any bank
Digital transactions are used by people from metro cities and even in small towns. Like debit card and digital payment app, security of credit card is also very important. But caution is needed when using the card..
EMI is available on most credit cards. However, it is still important to check whether your existing or new card has this feature. Different banks have different policies related to card EMI. Therefore, you must see what kind of benefits are available on your card and what kind of charges are charged.
On availing credit card EMI, your bank will charge a one-time processing fee (Processing Fee) which may be a small percentage of your total purchase amount or a fixed amount based on your credit card. But, if you have been a loyal customer of the bank for many years with a superb repayment history, you can negotiate processing fees with the bank.
When shopping online from an e-marketplace like Amazon (Amazon) or Flipkart with a credit card, sometimes there is an additional discount, no cost EMI is also available. In a way, it is a situation of mango and mango prices. It offers an additional discount on purchasing an item, as well as the opportunity to choose different EMI tenures to repay the loan, which can range from 3 to 24 months (no-cost and standard EMI).