Festival Shopping 2025: Credit Card EMI vs BNPL – Which Payment Option is Best?

• Credit Card EMI converts purchases into monthly installments, often with no-cost options, requiring an active credit card and good credit history.
• BNPL is a short-term credit facility for splitting payments, accessible even without an existing credit history, with shorter repayment windows.
• Credit Card EMI is ideal for large purchases (e.g., Rs 50,000+), offering longer repayment tenures (3-24 months).
• BNPL suits small to mid-sized purchases (e.g., Rs 5,000-10,000), with repayment from 15 days to 6 months.
• BNPL typically has fewer fees and potentially lower interest than credit cards, while credit cards offer more extensive rewards and cashback.