credit card emi discount - doubt

credit card emi discount - doubt

21°
Pikachu
Deal Cadet
78
902
40

credit card emi discount (exclusive on emi only) availed at the merchant on online amazon/flipkart.

Now before statement generating, if I call them and ask to convert to full payment (As merchant emis are convertible to full payments without any fees/charges), that discount will not be adjusted in final amount right (i will get
full_amount – discount_on_emi).

eg : current citi offer on amazon.
with w/o No cost emi.

4 Comments  |  
3 Dimers
Missing
Deal Cadet
69
184
3

Yes, the discount will not be adjusted. But you will not earn any rewards on cancelled EMI transactions.

Missing
Deal Cadet
69
184
3
andromeda wrote:

Yes, the discount will not be adjusted. But you will not earn any rewards on cancelled EMI transactions.

And this charges on pre-closing an EMI changes from bank to bank. Some banks like ICICI, HDFC don’t charge for pre-closing, but I remember YesBank charging some percentage. So better check with respective bank before deciding on any.

Bal ganesh
Deal Lieutenant
94
3760
48

I think 2% or 200 whichever is higher processing fee and 3% pre closure charges applicable(Citibank). GST additional. smile

Pikachu
Deal Cadet
78
902
40
caks2006407 wrote:

I think 2% or 200 whichever is higher processing fee and 3% pre closure charges applicable(Citibank). GST additional. smile

.

Missing