EMI transactions or cash withdrawals

A card can be used to convert a big-ticket buy into EMI transactions after the purchase, which can be repaid over a flexible duration of 3-36 months. This can be done till your credit card bill’s due date. However, these transactions aren’t free as touted, and even if a handful are, you will need to pay a processing fee, service charge, convenience fee, GST, etc. In most cases, the interest can be quite high and range from 13-24%.