EMI transaction or cash withdrawal

The card can be used post purchase to convert big ticket purchases into EMI transactions, which can be repaid over a flexible tenor of 3-36 months. This can be done up to the due date of your credit card bill. However, these transactions are not free, and even if there are a handful, you still have to pay processing charges, service charges, convenience charges, GST, etc. In most cases, the interest can be quite high and can range from Rs. 13-24%.