DCB Cancel DCB EMI to avoid interest.

[abhishekkjain]

Made a transacrion on Amazon using DCB CC. Pay in full was not giving any discount while 6 month EMI was getting 10% off. How to cancel EMI now to avoid paying charges and interest?

Transaction date: 03/03/2025 (today).


Thanks in advance.

 

[abhishekkjain]

Also this is personal credit card used for business purchase. Any implications on GST or anything?

 

[abhishekkjain]

Bank is saying you will have to pay charges for cancellation under different heads. Upon looking into the mycards I see following:





Does any one know? I learnt that https://www.desidime.com/discussions/no-cost-emi-cancellation-guide no cost emi cancellation is very different from emi like this one.

 

[abhishekkjain]

This forum is dead!

 

[PavvanPavvan is verified member.]

No sir we are active let me pull the gang

@Vasuki @sidp @vaibhav111 @Rkr @SSV @ashwink

 

[drsel]

Bank is saying you will have to pay charges for cancellation under different heads. Upon looking into the mycards I see following:


View attachment 85902


Does any one know? I learnt that https://www.desidime.com/discussions/no-cost-emi-cancellation-guide no cost emi cancellation is very different from emi like this one.

EMI is a money making racket, you should avoid it.

They are not giving you 10% discount out of their pocket or due to their generosity

 

[VasukiVasuki is verified member.]

Bank is saying you will have to pay charges for cancellation under different heads. Upon looking into the mycards I see following:


View attachment 85902


Does any one know? I learnt that https://www.desidime.com/discussions/no-cost-emi-cancellation-guide no cost emi cancellation is very different from emi like this one.

Hdfc has 3% pre closer charges on nc emi ,emi , consumer loan
No idea about personal loan
My cent alwys avoid loan from hudfc bank

It's not your card varaint it's same for all the card