No Cost EMI - Cancellation - All Banks - Master Wiki

[PABLO]

My business model relies heavily on using multiple credit cards at Reliance Digital and Croma to avail merchant discounts and cashbacks as profit. However, recent changes in EMI cancellation policies have made it challenging for me to continue this practice.

*Can anyone guide me* on how to adapt to these changes and find alternative strategies to maintain my business profitability? Your expertise would be greatly appreciated!

 

[Sobirvs]

My business model relies heavily on using multiple credit cards at Reliance Digital and Croma to avail merchant discounts and cashbacks as profit. However, recent changes in EMI cancellation policies have made it challenging for me to continue this practice.

*Can anyone guide me* on how to adapt to these changes and find alternative strategies to maintain my business profitability? Your expertise would be greatly appreciated!

Yes I can help you but only if you give me 80% of your profits.

 

[PABLO]

CAN I CANCEL NO COST MERCHANT EMI ON HDFC CREDIT CARD IAM DOING IT ON GOOGLE PIXEL BUT MY EFFECTIVE COST IS GETTING BLOCKED STILL CONFUSED COULD ANYONE HELP ME WITH THIS....???????????????????????????????

 

[Farhad sekh]

In this transaction using my HDFC Credit Card, there's an effective discount hold on the card when converting to EMI. The loan amount is ₹97,096.65 for 18 months with an EMI of ₹6,103.14. If I pre-close within 3 days, will all charges get reversed? Or will the discount be added to the outstanding amount?View attachment 109744

Yes, all charges will reverse.
But the catch is 12803 rs interest discount will be reversed within 120 days as per the latest guideline.
Effectively you are getting 5000 discount.

 

[PABLO]

Yes, all charges will reverse.
But the catch is 12803 rs interest discount will be reversed within 120 days as per the latest guideline.
Effectively you are getting 5000 discount.

How Can I Play Safe