When to cancel no cost EMI to avail interest benefit?

22°
Deal Captain
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Dear dimers?

I placed an order on amazon using no cost EMI offer on my HDFC regalia first card. I got upfront interest component as discount as it would be billed on card later.

My question is, when should I cancel the EMI and convert it to normal transaction? Can I call to HDFC and request for the same immediately or should I wait for a week?

I received an email from amazon after placing order and it says this
“1) Within 4-7 business days, your bank will reverse the charge of ₹——— and convert it into EMI. Initially, your card will be blocked for ₹ -—- and with each installment you pay, your limit will get released.”

4 Comments  |  
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Cancel before bill generation. You will still be charged 199+taxes I think as processing fee

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niggabecool wrote:

Cancel before bill generation. You will still be charged 199+taxes I think as processing fee

Thank you. I am ok with processing fee.

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Wait till you receive the product and once everything is ok then go ahead and cancel the emi

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adnan_d92 wrote:

Wait till you receive the product and once everything is ok then go ahead and cancel the emi

That’s a good suggestion. Thank you!

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