Hi guys! I own a icici credit card and i have done a single swipe of 70k. There is an option “convert to emi” in the icici app And when checked the 70k swipe is eligible for the convert to emi option. I just wanted to know are there any conversion charges for converting it to emi and are there any disadvantages of it? Pls let me knw.
There is a processing fee for converting our purchase into EMI.. Convenience costs money my friend… So you will be paying Processing fee + GST and Monthly interest on the amount+ GST
And I mean there is no dis advantage in converting your purchase into EMI But yeah always do check the interest rate and type of interest they are imposing.
I attached some famous issuer rates…
Happy Swiping👋…