Credit Card EMI Conversion: Is it a Smart Move or a Costly Trap?

• Converting credit card bills to EMIs helps manage large, unexpected expenses like medical costs or urgent travel.
• It eases immediate financial stress but is a short-term loan with interest and processing fees, increasing total repayment.
• Banks benefit by converting revolving credit into reliable loan income, but it reduces your available credit limit until EMIs are paid.
• It's beneficial to avoid high standard credit card interest (35%+) and halt compounding interest on large debts.
• Avoid habitual conversions; pay in full if funds are available to save on interest and processing fees.