Credit Card EMI: Uncover Hidden Charges Before You Pay More!

• Credit card EMIs hide significant charges like processing fees (1-3%) and GST (18% on interest/fees), making the total cost higher than expected.
• "No Cost EMI" can be deceptive; interest is often embedded in the product price or offset by discounts, so you still pay for it.
• Early closure of an EMI incurs foreclosure fees (2-5% plus GST on outstanding amount), making pre-payment costly.
• Late EMI payments lead to penalties, higher interest rates, and damage your credit score, doubling your loss.
• Always calculate the total payment, including all fees, interest, and GST, before opting for a credit card EMI to avoid hidden burdens.

Why It Matters: Understand all hidden charges like processing fees, GST, and foreclosure costs before choosing credit card EMI.