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Reduce interest, pay EMIs

credit card, fleece, Hidden charges, Bills, personal disaster, statement, credit cards charge, payment, over charges, Ramesh Lakshman, How credit card companies fleece you

Issuers allow you to convert your credit card purchases to EMIs, but it comes with strings attached.

There are various offers available on a credit card and one of the most interesting is the equated monthly installment (EMI) option. This is a payment option available for the individual. Here are some areas that need attention in the process of conversion of the payment into an EMI.

Also see: How to use your credit card smartly

Text: Business Standard

Image courtesy: Getty




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