Credit Card EMI: Your Essential Checklist on Rates, Fees, and Key Details

• Credit card EMI allows converting large purchases into affordable monthly installments, making big-ticket items manageable.
• Not all transactions qualify; typically, purchases above a minimum threshold (e.g., Rs 2,500) are eligible.
• Benefits include affordability, no-cost EMI offers, convenience, and potential credit score improvement with timely payments.
• Key factors to consider are hidden costs in no-cost EMIs, interest rates, impact on credit limit, penalties for missed payments, and processing fees.
• Moneycontrol offers a platform to compare credit cards with EMI facilities and apply for them with a paperless process.