HDFC EMI Closure and Flipkart

[varkey]

I have reached AXIS & SBI team for the same, but they did told me no processing fees would be reversed 3% interest on 1st installment as well as some fore-closure fees as well. So, it sounded like some penalities. So, I avoided trying on them so far.

Axis is same as ICICI, just call within 30 days, and all charges are reversed. Tried and tested just a week back.

SBI, there is a trick if you make the outstanding on the card 0, the EMI conversion itself doesn't happen. I did this for a transaction done on October 27th, will give it some days before confirming. So far I see my outstanding as 0 and I only see the lumpsum transaction in the history. No EMI conversions yet.

 

[varkey]

SBI, there is a trick if you make the outstanding on the card 0, the EMI conversion itself doesn't happen. I did this for a transaction done on October 27th, will give it some days before confirming. So far I see my outstanding as 0 and I only see the lumpsum transaction in the history. No EMI conversions yet.

Still nothing, EMI conversion didn't get triggered, so no need for EMI cancellation or pre-closure. This is a good trick if you don't have other spends on the card, and can make an immediate full payment and don't want to avail the 20-50 day interest free period.

 

[varkey]

SBI, there is a trick if you make the outstanding on the card 0, the EMI conversion itself doesn't happen. I did this for a transaction done on October 27th, will give it some days before confirming. So far I see my outstanding as 0 and I only see the lumpsum transaction in the history. No EMI conversions yet.

Got the below SMS from SBI Cards earlier today. Transaction remains unconverted to EMI. 🎉 Saved, the foreclosure fee this time.

Dear TATA Cardholder, we regret to inform you that your MERCHANT EMI conversion request opted at the time of purchase at Flipkart Internet Private Limited for trxn of Rs. xxxxx done on xx-OCT-24 has not been converted for the following reason: Insufficient Retail Outstanding Balance. For more information, kindly call our helpline at 18001808282 or 39023456 (prefix local STD code).

 

[zaid_2913]

One of my friends made a payment of 1.5 Lakhs through 24M NCEMI and later closed it using my cards. After the closure, he received an email requesting a payment of 134,300 within one day, which he paid on the same day. However, they deducted the interest amount from his card. Raised complaint which is still open.