Convert Credit Card Purchases to EMI

Converting credit card purchases to EMI helps you manage large expenses by turning them into smaller monthly payments. With the Airtel Axis Bank credit card, you can choose to convert eligible transactions into EMIs for a set repayment period, making high-value purchases more affordable. When a purchase is converted to EMI, the total amount is split into fixed monthly instalments, including applicable interest and fees. This reduces the immediate payment burden and helps you plan your monthly budget more effectively.

How to Convert Credit Card Purchases to EMI?

There are primarily two methods to convert credit card purchases to EMI: instant EMI at the time of purchase and post-purchase EMI conversion. Understanding these methods helps you choose the most suitable option based on your financial planning needs.

1. Instant EMI

Instant EMI conversion occurs at the point of purchase, whether you're shopping online or at physical stores. When making a transaction, you can select the EMI option during payment processing. This method is particularly convenient for planned purchases where you've already decided to opt for instalment payments.

2. Post-Purchase EMI

Post-purchase EMI conversion allows you to convert existing transactions into EMIs after the purchase has been completed. This flexibility proves valuable when unexpected expenses arise or when you realise that a particular purchase might strain your monthly budget.

Airtel Axis Bank credit cardholders can convert eligible transactions using:

• Airtel Thanks App
• Online banking (where applicable)
• Customer support

Simply select the transaction, choose the EMI tenure, and confirm after checking the applicable charges.

Converting credit card purchases to EMI lets you split large expenses into smaller monthly instalments, making big purchases more manageable.

When you convert a transaction to EMI, the purchase amount is blocked against your available credit limit and is released gradually as you pay each instalment. This temporarily reduces your available credit and may impact your credit utilisation ratio. EMI conversion is not usually free. Interest is charged on the converted amount, and processing fees may apply. However, no-cost EMI offers may be available during promotional periods, where interest and processing fees are waived.

Airtel Finance offers both instant EMI at the time of purchase and post-purchase EMI conversion. The converted amount remains blocked until all EMI payments are completed, helping you manage cash flow with disciplined repayments.

Eligibility Criteria for Credit Card EMI Conversion

To convert a credit card purchase into EMI using your Airtel Axis Bank credit card, you must meet the following basic requirements:

• Minimum transaction amount: The purchase must be above a certain threshold to qualify for EMI conversion.
• Transaction age: The transaction you want to convert should be recent, typically within a set number of days from the date of purchase.
• Available credit limit: You must have enough unutilised credit limit to cover the EMI-converted amount.
• Active card account: Your credit card must be active and in good standing with no block or restriction.

These eligibility criteria help ensure that EMI conversions are offered responsibly while giving you the flexibility to manage larger payments more comfortably.

Fees and Charges

When you convert credit card purchases into EMIs with your Airtel Axis Bank credit card, certain charges may apply, and it’s important to understand them before opting for EMI conversion:

• Processing Fee: A one-time processing fee is charged on the amount you convert to EMI. This fee is typically a percentage of the transaction value or a minimum fixed charge, as disclosed during the conversion process.
• Blocked Credit Limit: The converted amount remains blocked against your available credit limit until the EMI tenure ends, which temporarily reduces your usable limit.
• Foreclosure Charges: If you choose to close the EMI plan before the tenure ends, foreclosure charges may apply as per the card’s terms.
• GST and Applicable Taxes: All fees and charges, including processing fees, are subject to applicable taxes as per government regulations.

All applicable charges and terms are shared with you at the time of converting your purchases to EMI via the Airtel Thanks app or the card’s digital platform, allowing you to make an informed choice.

Converting your credit card purchases to EMI offers numerous financial advantages that can transform how you manage large expenses.

1. Better Budget Management: Converting purchases to EMI helps you spread the cost of large expenses over several months, making monthly budgeting easier and preventing sudden cash flow pressure.
2. Affordable Access to Big Purchases: You can buy essential items or high-value products immediately without waiting to save up, while paying in smaller instalments over time.
3. Simple and Quick Process: EMI conversion is easy and fast through the Airtel Thanks app, with minimal paperwork since the facility is linked to your existing credit card.
4. Flexible Tenure Options: You can choose a repayment tenure that suits your budget, allowing you to manage your monthly outflows effectively.