Should I close Pay Later Accounts?

[yusuf646]

That is bcz u don't have Flipkart pay later .once u will take . It's all 24%
There is no 3 month option nor 18&24
Just
6,9,12 in 99% cases

No, it's not because I don't have Flipkart Pay Later. Actually, Flipkart Pay Later recently started offering no-cost EMI options, but it's only available on a few selected products. It's not as widely available as credit cards at the moment.

 

[Vasuki]

No, it's not because I don't have Flipkart Pay Later. Actually, Flipkart Pay Later recently started offering no-cost EMI options, but it's only available on a few selected products. It's not as widely available as credit cards at the moment.

Send any product link which is showing Zero cost emi .

 

[yusuf646]

Send any product link which is showing Zero cost emi .

Try Poco X6 Pro, Vivo V30 Pro or Oppo Reno 10 Pro.

 

[cardy]

Yes no cost emi is actually available in both FpayL and ApayL, mostly in festive season or sales but if you have more than 3-5 credit card you seldom need them.

 

[Shinigami]

I had three pay later accounts. Amazon, Flipkart, Paytm.

The Paytm pay later (Aditya Birla Finance) is closed right now.

Amazon Pay later lenders are: Karur Vasya and Axio/ Capital Float. (100k Limit)

Flipkart Pay later Lender : IDFC Bank (100k Limit)

I still haven't closed any of them as I thought they would be beneficial for me if I take something on EMI from Amazon/Flipkart. Though I have more than sufficient limit on my 6 existing credit cards.

So my question is should I close those Pay later accounts? If I don't close those is there any problem?

To be really frank. These all accounts donot matter as much
They maybe there but I cibil reports they are actually good for you as it shows you have consumer personal loans which are on time payment. If these accounts are less then 5% of your total credit limit and then it's better to let them be open instead of closing the.

I too have 6 credit cards and but no pay later account is more then 15k.

 

[Vasuki]

Try Poco X6 Pro, Vivo V30 Pro or Oppo Reno 10 Pro.

Yeah it there .
As seller is giving discount 🙃


For new to credit card industry it's good .
For 1 year into cc PPL u don't need unless u buying for friends