https://www.desidime.com/discussions/hdfc-millenia-card-ncemi-cancellation?page=1#post_9299220
No cashback on eni txns
Vote down Reasons
No cashback on eni txns
Keep doing this now they started charging a lot 199+gst, 3-5% on principal amount and gst over that , enjoy
Credit card companies/banks are there to make money. So ofc if people will abuse no cost emi then it was bound to happen. Now enjoy extra charges on top of no cost emi (or simple emi) taxes.
To cost EMI is a marketing strategy to sell more goods