Existing emi on discontinued card

[pratik7]

If i denied renewal of my card(old: sbi fbb and option provided: simply save) and an ongoing emi is there, what will happen to ongoing emi after expiry of card? I already hold simply click as well.

 

[Deleted member 11974]

they will either create a loan account or they wont let you close the card until all dues are closed

 

[pratik7]

they will either create a loan account or they wont let you close the card until all dues are closed

So since the card is discontinued and the renew is cancelled, they will still send another card? I can continue or repay the emi but dont want to pay prepayment charges.

 

[Deleted member 11974]

not sure
if they have cancelled it they might create a separate loan on cc account and keep the emis running

 

[NShah]

If i denied renewal of my card(old: sbi fbb and option provided: simply save) and an ongoing emi is there, what will happen to ongoing emi after expiry of card? I already hold simply click as well.

I think emi will be transfer to the simply Save Credit card because you get simplysave Behalf of fbb

 

[pratik7]

Thanks for the info

 

[pratik7]

A

I think emi will be transfer to the simply Save Credit card because you get simplysave Behalf of fbb

Btw i canceled new card offered simplysave for renew but already hold simply click

 

[Deleted member 11974]

so it will get shifted to simply click

 

[pratik7]

And what will happen to the limit of card getting closed? Can i get it added on existing card

 

[NShah]

And what will happen to the limit of card getting closed? Can i get it added on existing card

Limit will gone sbi stopped transfering to other sbi credit card.
You can try requesting them to transfer limit your fbb credit card to simply click Credit card

 

[Deleted member 11974]

it wont be added afaik
the new card limit will be in place with emi amount being blocked out of the limit mostly