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SBI CARD NO COST EMI INTEREST BENEFIT - Complete Details Here

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Deal Cadet
tejsngh339296

You can avail no cost emi interest discount on SBI card on any of the merchant whether its online or offline transaction.


For Example:

Total Outstanding on Card before the purchase= Rs 10000 (non emi balance)

No Cost Emi Transaction amount: Rs 50000 deducting Rs 5000 (no cost emi interest discount)= Rs 45000

Ignore the previous emi principal which are already running. (this doesn't need to be paid)

Make the complete payment of Rs 10000+ Rs 45000= Rs 55000 instantly after doing no cost emi txn (means billed+unbilled+nocost emi txn amount) and do not use the card for next 7 days maximum. In that time frame your merchant emi request gets declined by bank as there is no outstanding on card.

But if still you want to use the card, make the payment instantly for subsequent purchases.

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Disclaimer
We are not SEBI/IRDA registered. The information provided herein is for education purposes only. We will not be responsible for any of your profit/loss with this channel's suggestions. Consult your financial advisor before making any decisions.
Top Comments
Pro Deal Legend Pro Deal Legend
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tested? any proof? 

Deal Cadet Deal Cadet
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HERE IS THE PROOF. CHECK THE SMS. I ALREADY TRIED SEVERAL TIMES.

Screenshot2023-10-20-21-39-56-233com.google.android.apps.messaging

Deal Subedar Deal Subedar
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This trick works like Charm, I have used it when i came to know about it from @tejsngh339296

Post Emperor Post Emperor
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SBI is the biggest cheater so be careful, Last year we had a very big lesson during the sale for cashback card.

So they try to recover by debiting the account for the same.

So be careful regarding the sbi.

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Pro Deal Legend Pro Deal Legend
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tested? any proof? 

Deal Cadet Deal Cadet
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HERE IS THE PROOF. CHECK THE SMS. I ALREADY TRIED SEVERAL TIMES.

Screenshot2023-10-20-21-39-56-233com.google.android.apps.messaging

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Deal Subedar Deal Subedar
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What are options if the transaction is already converted in EMI?

Pro Deal Legend Pro Deal Legend
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call cc
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Deal Subedar Deal Subedar
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This trick works like Charm, I have used it when i came to know about it from @tejsngh339296

Avant Garde Avant Garde
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will try this later.

Deal Captain Deal Captain
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SBI deducts reward points after 4-5 months. If same is case here , then you will get to know 😄

Pro Deal Legend Pro Deal Legend
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you dont get rps if you get instant disc
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Deal Cadet Deal Cadet
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Also, if complete refund received post 45 days, write a mail to [email protected] for cancellation of emi. You emi will be cancelled on exception basis.

Deal Cadet Deal Cadet
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Another Merchant EMI Transaction Decline Proof.

Screenshot2023-10-21-00-21-53-053com.google.android.apps.messaging


Post Emperor Post Emperor
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SBI is the biggest cheater so be careful, Last year we had a very big lesson during the sale for cashback card.

So they try to recover by debiting the account for the same.

So be careful regarding the sbi.

Pro Entertainer Pro Entertainer
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True! Be careful guys! SBI is known for their Double-Wasooli culture! And they may declare this as an illegal act, RBI have given them freehand. They are fine with they making zero profit, but they won't let others make a penny!

Pro Entertainer Pro Entertainer
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Very nice information brother. But I'm not keen on trying this. SBI may cover the fees after your burial 🤢

Thanks for sharing

Pro Analyst Pro Analyst
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What if the body is not buried, and rather cremated? Tab to cover nahi karega na? 🙀🙀

Deal Cadet Deal Cadet
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Thank you 

Like Magnet Like Magnet
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fire fire

Deal Subedar Deal Subedar
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where were you for last 10 days raised_hands  + kg

Deal Cadet Deal Cadet
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here only, commented on several different posts since sale start.
Cool Cool
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I purchased redmi 12 5g phone from Amazon at no cost EMI total I have to pay 12499(2083×6months) but this month bill generated and they have charged me 11969₹ for that smartphone  even now on amazon my order it's showing no cost EMI 6 months. I have no issue as I have got discount of 500₹

Deal Cadet Deal Cadet
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it is because your txn got converted to merchant emi post statement generation....you can make the complete bill payment and write a mail to [email protected] for emi cancellation.... 
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Helpful Helpful
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.

Pro Analyst Pro Analyst
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@tejsngh339296 What about the processing fee and GST, do they reverse them too?

(Asking this because I never opted for NC/EMI. So, no idea whether the charges are upfront or after EMI conversion approved.)

Deal Cadet Deal Cadet
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Bro, when emi is not getting converted, so nothing will be charged. Don't worry, just go with no cost emi option and pay instantly in 1 shot.
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Deal Cadet Deal Cadet
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I tired mailing them after the transaction got converted into EMI as per this suggestion. I got a reply saying that there is no refund received and I can place a foreclosure request. 

I mailed again saying that I have already paid the amount and requested for a cancellation. Let's see how it goes. 

Deal Subedar Deal Subedar
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Not able to pay sbi bill via cred as its getting in pending state.

And sbi card not allowing me to pay more than outstanding amount.

Any other app where i will pay my sbi card bill instantly.

@tejsngh339296

Deal Cadet Deal Cadet
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Recently from last 2 months, there is a change in sbi credit card payment process, you cannot pay more than the o/s amount on your credit card from sbi card website and cred or may be third party apps, your payment will get rejected by sbi card.

However, there are 2 apps-sbi yono lite(its of sbi bank) and sbi yono. Link your credit card in yono sbi app and make the payment from there....instantly it will be credited. Or you can register sbi card in NEFT option of your savings bank account and make the payment thru neft. Your payment will get credit in upto 3-4 hours if payment made before 4pm.
Deal Cadet Deal Cadet
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i had purchased a refrigerator on NC Emi. But now cancelled order. Statement got generated. However the reversals have been done. so do i have to pay emi amt as per statement generated??? can any1 guide

Deal Cadet Deal Cadet
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once refunded amount get posted on your card...call helpline or write a mail to place merchant emi cancellation request. 
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Deal Cadet Deal Cadet
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Thanks for sharing.

Deal Newbie Deal Newbie
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can we make the payment next day of the transaction date?

Deal Cadet Deal Cadet
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it depends on the transaction settlement...so better not to take risk....make payment instantly.
Deal Subedar Deal Subedar
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@tejsngh339296 

If payment is not made instantly and later requested cc to cancel emi before statement is generated, are there any charges - processing/ cancellation/foreclosure/ interest amount? 

Deal Cadet Deal Cadet
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it will not be cancelled once generated and proc fee will charged when txn got  converted and foreclosed fee with 3%+gst charges and accrued interest from txn converted date till foreclosure date...accrued interest will get levied. 
Deal Cadet Deal Cadet
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Guys, hope you all availing this and enjoying this....so how many of you got benefitted and saved extra money?

Deal Baba Deal Baba
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If I buy something worth Rs. 12000 (1000 nc-emi discount) which makes it 11000 Rs. 

Considering I have no dues right now on my card, if I make a payment of 12-13000 Rs. (1-2k extra than 11000 Rs.) immediately after transaction, will this trick work fine? Will I be charged nothing and claim of 1000 Rs. NC-EMI will be successful?

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Comrade Comrade
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Used this technique... On idfc credit card..... transaction done on 4th on motorola india website .... Paid on 5th nov.... Payment credited to card instantly.... Lets see if it works or not on idfc..... 

Deal Cadet Deal Cadet
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do let us know, if this works...
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Deal Subedar Deal Subedar
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IMG20231107210128

How much this transaction would cost me finally ? 

19292 or 18139 ??  @tejsngh339296

Deal Cadet Deal Cadet
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it will cost you 18139.
Deal Newbie Deal Newbie
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i did that same. ordered and paid all dues and have negative balance.. I did on 16th Nov. No text came and nothing was converted or charged. Shall I do something now?
Deal Subedar Deal Subedar
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Wait  3 or 4  more days, you'll receive a text message about Merchant EMI cancelled.

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Deal Newbie Deal Newbie
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can one help to get rewards on upi.. how to convert to rupay card or to get ltf rupay credit card
Deal Newbie Deal Newbie
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@ tejangh339296 can you tell how can i request for sbi cashback card limit increase
Deal Cadet Deal Cadet
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if limit not increased in past 6 months , then you can request for limit increase basis income documents...write a mail to [email protected]
Generous Generous
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Good find

Will try only in case where i can pay charges in future and still in benifits 🥲🥲

Deal Newbie Deal Newbie
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anybody tried it recently ? still Working?

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