# Quick Answer: How To Convert Credit Card Payment To Emi In Axis Bank?

## How can I know my Axis Bank Credit Card EMI?

You can avail the axis bank credit card EMI option by calling the customer care number too. You can reach out to the customer care helpline on either 1860 419 5555 or 1860 500 5555 and request for the service.

## Can we convert credit card to EMI?

You can convert most of the credit card payments into the proposed EMI schemes. Although, a Credit Card purchase of gold or any jewellery is not entitled to EMIs. Additionally, transactions that crossed 60 days or more, can ‘t be taken into consideration.

## How is Axis credit card EMI deducted?

During the running period of EMI’s the cardholder cannot close the Axis Bank credit card. However if he does so, before all installments have been posted, the outstanding EMI Principal amount will be debited to the card account as one consolidated amount and regular interest applicable to credit card shall be charged.

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## Can I pay all EMI of credit card at once?

Repaying all EMIs at once is known as pre-closing the loan account. The loan officer will also intimate you of any pre-closure charges or penalties. Pay the entire balance amount (sum of all pending EMIs + preclosure charges, if any ) using a cheque or DD.

## How is EMI amount calculated?

The mathematical formula to calculate EMI is: EMI = P × r × (1 + r)n/((1 + r)n – 1) where P= Loan amount, r= interest rate, n=tenure in number of months.

## What is the process of EMI on credit card?

Your bank pays the entire amount at once at the time of purchase. This amount is deducted from the overall credit limit on your credit card. When you make payments through no-cost EMIs, the EMI amount each month is restored to your credit limit. Assume you opt for a six-month EMI of Rs 12,000 towards your credit card.

## How can I get EMI on credit card?

The moment your EMI scheme is in action, your bank will temporarily block an amount equal to the value of the purchase you made through the EMI option. Your bank will start increasing your credit limit by the amount equal to your monthly EMI as you start paying back.

## How can I get smart EMI for HDFC credit card?

Do note that you need to hold an HDFC Bank Credit Card currently.

1. NetBanking: Login to your NetBanking account and check your SMART EMI eligibility under Cards – Credit Cards – Transact – SMART EMI.
2. PhoneBanking: our 24×7 PhoneBanking service will assist you towards the process to verify your eligibility.
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## Can I foreclose credit card EMI axis?

Pre-payment charges on foreclosure of the EMI facility will apply at the rate of 3% on the outstanding principal amount of the loan. Axis Bank reserves the right to foreclose the loan and debit the entire outstanding amount to customers credit card statement if the customer defaults on payment of two consecutive EMIs.

## How can I reduce my Axis Bank EMI?

To reduce your EMI, we recommend making a part prepayment at your nearest Axis Bank Loan Center. For any query on part prepayment, please write to us on: [email protected] axisbank.com.

## Can we foreclose credit card EMI axis?

The Card Member may foreclose the Facility at any time by contacting AXIS Bank’s 24 Hour Customer Care to avail of the foreclosure. The Card Member shall pay such foreclosure charges as may be indicated by AXIS Bank in the communication sent to the Card Member at the time of granting the Facility.

## Can I pay all EMI of credit card at once SBI bank?

Flexipay is a facility offered to existing SBI credit cardholders to convert their big purchases into easy monthly instalments. Any SBI Card holder, with a transaction greater than ₹ 500 can convert the said transaction into Flexipay within 30 days.

## What if I pay my credit card EMI early?

Banks or card issuers may charge you a pre- payment fee if you wish to clear your dues before the end of the loan EMI tenure. Moreover, you may also have to pay off the interest on a pro-rata basis. This means that you need to pay the accrued interest until the day on which the EMI ( loan ) account is closed.

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## Does no cost EMI have hidden charges?

Suppose the product you want to purchase costs ₹ 50,000. Under the twelve-month EMI plan, the interest rate charged is 18 percent and you would have to pay an interest amount of ₹ 4,583. The Big Picture behind No Cost EMI.

Particulars Amount ₹
Offer Price (under No Cost EMI ) 54,583
Total amount to be paid by you 54,583

## Quick Answer: How To Increase Credit Card Limit Hdfc Bank?Quick Answer: How To Increase Credit Card Limit Hdfc Bank?

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