credit card emi discount - doubt

credit card emi discount - doubt

22°
Pikachu
Deal Subedar
81
1021
41

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
234
4

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

Missing
Deal Cadet
69
234
4
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
3820
49

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

Pikachu
Deal Subedar
81
1021
41
caks2006407 wrote:

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

.

Missing