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Emi on credit card

  • Thread starter Thread starter Sanjay
  • Start date Start date
  • Replies Replies 3
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Sanjay

TF Select
Hello Everyone

Recently I got a call from HDFC bank saying that please convert your due amount into EMI to open benefits of the loans and limit enhancement.

This is my first (pre-approval) credit card from HDFC bank and also It’s my first credit card as I am 20 years old. Do you recommend doing this? Will this improve my cibil score and will help me increase my credit limit?

Please Help 😇🙏🏻.
 
Hello Everyone

Recently I got a call from HDFC bank saying that please convert your due amount into EMI to open benefits of the loans and limit enhancement.

This is my first (pre-approval) credit card from HDFC bank and also It’s my first credit card as I am 20 years old. Do you recommend doing this? Will this improve my cibil score and will help me increase my credit limit?

Please Help 😇🙏🏻.
Pls avoid. Credit cards are brilliant tools, when you buy what you can pay off fully in one month. Just do that for a few months and it the limit should increase. Even if it doesn't it is still not worth converting to EMI. Definitely not so early in your financial journey.
 
Pls avoid. Credit cards are brilliant tools, when you buy what you can pay off fully in one month. Just do that for a few months and it the limit should increase. Even if it doesn't it is still not worth converting to EMI. Definitely not so early in your financial journey.
Kk, thank you for answering. Much appreciated.

Community like this helps a lot.
 
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