I ordered product on No cost emi from Amazon. Amazon Gives No cost emi discount of 597. Now I want to cancel emi and want to convert it to a normal transaction. Can it possible ?
I think it is not possible.
Which bank card. If ICICI Credit card then you can enjoy no cost emi discount.
srini1973 wrote:Which bank card. If ICICI Credit card then you can enjoy no cost emi discount.
Yes,It is icici bank credit card.
Sushil_patwari wrote:Yes,It is icici bank credit card.
Just call ICICI and ask them to cancel EMI, if called within 15 days of purchase no additional charges levied, I have done many times.
Sushil_patwari wrote:I ordered today yet transaction is not converted to emi. Can I call now and cancel emi conversion.
Let it reflect in unbilled, once its reflect in unbilled transactions you can call and request them to cancel EMI. Also take the request number for future tracking.
What if it’s simply click?
Vijay33 wrote:What if it’s simply click?
3% penalty
srini1973 wrote:Just call ICICI and ask them to cancel EMI, if called within 15 days of purchase no additional charges levied, I have done many times.
Do you get billed original pricce (Say, X) of sale or Original price less no cost emi discount ( Say, Y).
If its Y, then this a brilliant opporutnity if it can be done on other banks. Has anyone used it on HDFC, Axis or Yes bank?
niggabecool wrote:Do you get billed original pricce (Say, X) of sale or Original price less no cost emi discount ( Say, Y).
If its Y, then this a brilliant opporutnity if it can be done on other banks. Has anyone used it on HDFC, Axis or Yes bank?
Yes, it will get billed first emi and when cancelled remaining amount will come as single transaction, charges billed will get credit. No need to worry.
niggabecool wrote:Do you get billed original pricce (Say, X) of sale or Original price less no cost emi discount ( Say, Y).
If its Y, then this a brilliant opporutnity if it can be done on other banks. Has anyone used it on HDFC, Axis or Yes bank?
Once it gets billed it’s always Y. And Y when presented to bank, they don’t have any control over increasing the amount. Now with HDFC, they will cancel upon request and it takes about a day or two. Once done, one need to pay this Y amount + any other outstanding amount within 2-3 days. One will not have any standard grace period.
The bonus one gets is there are no rewards points applicable for Y transaction. As far as I remember one can’t have any other loan associated with the card while settling Y transaction
PS: I’m doing this from the last 4 years and I usually time it so as to not to get burdened by other transactions on the card
It means that if we buy something on no cost emi and then cancel emi and then cancel the order,,we will get the discount of interest charged.. Can someone throw a light on this?
hacker96 wrote:It means that if we buy something on no cost emi and then cancel emi and then cancel the order,,we will get the discount of interest charged.. Can someone throw a light on this?
This is quite messy to deal with or even to explain.
Some glimpse https://www.desidime.com/amp/discussions/no-cos...
Closing no cost emi has any effect on cibil? Last time i asked this question and dimers said dont do it as it may affect cibil.
insta wrote:Closing no cost emi has any effect on cibil? Last time i asked this question and dimers said dont do it as it may affect cibil.
0 impact on cibil
Sushil_patwari wrote:0 impact on cibil
R u sure? Verified?
niggabecool wrote:Do you get billed original pricce (Say, X) of sale or Original price less no cost emi discount ( Say, Y).
If its Y, then this a brilliant opporutnity if it can be done on other banks. Has anyone used it on HDFC, Axis or Yes bank?
HDFC is most pathetic they charge 199+GST as emi processing fee
andromeda wrote:Once it gets billed it’s always Y. And Y when presented to bank, they don’t have any control over increasing the amount. Now with HDFC, they will cancel upon request and it takes about a day or two. Once done, one need to pay this Y amount + any other outstanding amount within 2-3 days. One will not have any standard grace period.
The bonus one gets is there are no rewards points applicable for Y transaction. As far as I remember one can’t have any other loan associated with the card while settling Y transactionPS: I’m doing this from the last 4 years and I usually time it so as to not to get burdened by other transactions on the card
Thnaks for the quick revert. Might make sense in high value purchases where return is greater than reward return and covers the 199+gst fee kg added
andromeda wrote:Once it gets billed it’s always Y. And Y when presented to bank, they don’t have any control over increasing the amount. Now with HDFC, they will cancel upon request and it takes about a day or two. Once done, one need to pay this Y amount + any other outstanding amount within 2-3 days. One will not have any standard grace period.
The bonus one gets is there are no rewards points applicable for Y transaction. As far as I remember one can’t have any other loan associated with the card while settling Y transactionPS: I’m doing this from the last 4 years and I usually time it so as to not to get burdened by other transactions on the card
I have made purchase of 14000 using hdfc card from flipkart
The product has been cancelled and now amount has been refunded
Now hdfc has charged me 199+ gst as processing fees
Will hdfc refund emi processing fees and gst ?
Yup this works perfectly.. Cancelled no cost EMI and took 3k extra discount.. No extra charges.. Citi bank cc
sweetestone.k92998 wrote:I have made purchase of 14000 using hdfc card from flipkart
The product has been cancelled and now amount has been refunded
Now hdfc has charged me 199+ gst as processing fees
Will hdfc refund emi processing fees and gst ?
Talk to them and find out. They should in most cases else pressurize them.
