APay 5% Cashback on EMI transactions?

[Hisoka]

This is regarding any credit card.
I've 2L limit on my Amazon pay ICICI card and want to purchase a 1L product

Since my credit utilisation will be 50%. Can I buy this product in EMI and still get cashback?

If not, any other way through which my credit utilisation remains under 30% while I also get the 5% Cashback?

One way I was thinking to deposit 50k in my credit card before statement generation so that my net outstanding is 50k. But I'm not sure if I'll get cashback on full 1L transaction.

 

[SangEUD]

This is regarding any credit card.
I've 2L limit on my Amazon pay ICICI card and want to purchase a 1L product

Since my credit utilisation will be 50%. Can I buy this product in EMI and still get cashback?

If not, any other way through which my credit utilisation remains under 30% while I also get the 5% Cashback?

One way I was thinking to deposit 50k in my credit card before statement generation so that my net outstanding is 50k. But I'm not sure if I'll get cashback on full 1L transaction.

5% Apay Cashback not applicable for EMI transactions.

30% utilisation is of overall limit and not to individual cards. If your total credit limit across all cards is 3.3L or more, it will be under 30%.

Even if it's bit more, not a big issue. Kinda overrated.

 

[Hisoka]

5% Apay Cashback not applicable for EMI transactions.

30% utilisation is of overall limit and not to individual cards.

I think Credit utilisation is calculated upon individual bases. Otherwise everyone would just buy a new card instead of craving for limit enhancement 😅

 

[SangEUD]

I think Credit utilisation is calculated upon individual bases. Otherwise everyone would just buy a new card instead of craving for limit enhancement 😅

99% sure, it's not individual. LE craving is more due to upgrade chances of better rewarding cards in some banks like HDFC, IDFC etc

 

[Dr. Drake]

This is regarding any credit card.
I've 2L limit on my Amazon pay ICICI card and want to purchase a 1L product

Since my credit utilisation will be 50%. Can I buy this product in EMI and still get cashback?

If not, any other way through which my credit utilisation remains under 30% while I also get the 5% Cashback?

One way I was thinking to deposit 50k in my credit card before statement generation so that my net outstanding is 50k. But I'm not sure if I'll get cashback on full 1L transaction.

My overall credit utilisation has been around 60-73% for like past 8months & my cibil is still around 770. As long as you're making on time payments doesn't matter how much you utilise