Revaluation Guide to Availing Discounts Using Credit Card EMI Transactions

[aam.aadmi]

With the upcoming Big Billion Days & Great Indian Festival sales, this post is intended to be a guide to avail maximum cashback/discount using the EMI cancellation trick. Please contribute

Let's take this laptop for example.

1. I wish to buy a laptop that costs ₹69,990
2. HDFC 24M EMI offers ₹10,429 discount & adds ₹10,429 interest
3. When I order this laptop, I am paying ₹69,990 - ₹10,429 = ₹59,560
4. My card will have a temp hold of ₹59,560
5. After 1-2 days, the EMI will show up in my HDFC MyCards, the hold of ₹59,560 will stay
6. I will cancel the EMI from the app and pay some amount maybe for pre-payment or not (whatever, it will be much < 10k)
7. And that's it. I have bought a 69k laptop for 59k! 🥳

 

[Channakya]

With the upcoming Big Billion Days & Great Indian Festival sales, this post is intended to be a guide to avail maximum cashback/discount using the EMI cancellation trick. Please contribute

Let's take this laptop for example.

1. I wish to buy a laptop that costs ₹69,990
2. HDFC 24M EMI offers ₹10,429 discount & adds ₹10,429 interest
3. When I order this laptop, I am paying ₹69,990 - ₹10,429 = ₹59,560
4. My card will have a temp hold of ₹59,560
5. After 1-2 days, the EMI will show up in my HDFC MyCards, the hold of ₹59,560 will stay
6. I will cancel the EMI from the app and pay some amount maybe for pre-payment or not (whatever, it will be much < 10k)
7. And that's it. I have bought a 69k laptop for 59k! 🥳

Foreclosure charges around 3 to 6% are charged

 

[D₹V]

With the upcoming Big Billion Days & Great Indian Festival sales, this post is intended to be a guide to avail maximum cashback/discount using the EMI cancellation trick. Please contribute

Let's take this laptop for example.

1. I wish to buy a laptop that costs ₹69,990
2. HDFC 24M EMI offers ₹10,429 discount & adds ₹10,429 interest
3. When I order this laptop, I am paying ₹69,990 - ₹10,429 = ₹59,560
4. My card will have a temp hold of ₹59,560
5. After 1-2 days, the EMI will show up in my HDFC MyCards, the hold of ₹59,560 will stay
6. I will cancel the EMI from the app and pay some amount maybe for pre-payment or not (whatever, it will be much < 10k)
7. And that's it. I have bought a 69k laptop for 59k! 🥳

HDFC me ye sab steps billing se pahle karna rahta hai bachchu 🤣🤣🤣

 

[devsfinance]

HDFC me ye sab steps billing se pahle karna rahta hai bachchu 🤣🤣🤣

Can you elaborate what you meant? I did whats suggested here however the hold amount seems to be of full value for me