sbi credit card have "transfer to merchant emi " less than transacted amount
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hello everyone ,
i have bought a product for 17k from amazon with emi , but sbi credit card have "transfer to merchant emi " to only around 14k , i dont understand this.
for this first month i got emi billing as for around 1300 (1180+180-- princ +int)
interest on emi 180 is shown as "d" debited in bill
fp emi 01/12 (ex tax 32 ) 1300 is shown as "m"
why instead of 17k , 14k is transfer to emi billing ?
thank you
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it is because on your card already there is excess credit of rs 3k....so in place of 17k after adjusting 3k, remaining retail o/s of 14k got converted to emi.....
@Rajrox said + maybe you paid 3k from Amazonpay balance or you received a discount from amazon(you can check in the order summary) Only 14k was left to be converted into emi.
At the time of emi conversion only 14k was outstanding in your credit card.
You might have make some payment after transaction of 17k or you might have received some refund.
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@rajrox , demon_slayer , tejsingh yes i had fin charges waived of rs - 3358 , (2908 c and 450c approx ) before i purchased actual amount of 16990 . the entire 3358 is not used up against this 16990 . 14272 (shouldnt it be 13632) is transferred to merchant emi . the available balance at the time of this transaction was sufficient above 30k.