SBI Credit Card EMI – Instant Conversion & Smart Payment Guide

Key Insights 

• You must be eligible for SBI Credit Card EMI to use the service. You must have a valid retail transaction of at least ₹2500, a good payment history, and the conversion must occur within 30 days of the purchase.
   
• SBI Credit Card EMI charges include interest, a small processing fee, and a 3% late charge if you pre-close the plan.
   
• You can quickly convert transactions to EMI through the SBI Card app, website, customer service, or at checkout.

You can split your large purchases into smaller and monthly installments with SBI Credit Card EMI. Suppose you have bought a laptop for ₹60,000. There is no need to pay the entire amount at once at the time of purchasing my laptop. 

The ₹60,000 purchase could be paid for over 12 months at ₹5,500 per month, including interest and charges. The majority of SBI Card users can access it, and it's convenient and simple to set up.

This blog will explain SBI credit card EMI charges, interest rates, eligibility, how to convert purchases into EMI, pros and cons, and a few key insights. 

SBI Credit Card EMI - Interest Rate & Charges 

I found that interest and processing fees were included in the total cost when I converted a ₹40,000 shopping bill into EMI. Here's a quick brief:

The entire transaction amount is slowly deducted from your credit limit as you make EMI payments. 

Bonus Tip: According to a recent report, more than 48% of digital payments in India in 2024 were “credit-driven”,  made either via credit cards or interest-bearing EMIs.

How to convert SBI Credit Card Purchases into EMI? 

I quickly converted my ₹30,000 refrigerator purchase to EMI using the SBI Flexipay app. The options for converting SBI Credit card purchases into EMI are as follows:

You can convert a transaction within 30 days of purchase if it meets the SBI Credit Card Eligibility rules. 

Pros & Cons of SBI Credit Card EMI

Here is a list of the benefits and drawbacks of using EMI for my ₹60,000 purchase:

Pros of SBI Credit Card EMI:

1. It enables you to break up large purchases into manageable and fixed monthly installments.
2. Applying for EMI is simple with the SBI Card app or website.
3. It makes handling unknown or emergency costs less stressful financially.
4. Some merchants even offer 0% EMI options for a limited time.

SBI Credit Card EMI gives you a flexible way to manage big expenses without disturbing your monthly budget.

Cons of SBI Credit Card EMI:

1. You pay more due to interest and SBI credit card EMI charges.
2. The entire transaction amount is kept blocked in your credit limit until EMIs are billed.
3. Your credit score may suffer if you miss any EMI payments.
4. There might be extra foreclosure costs if you close the card or EMI plan early.

EMI is effective if you plan your money carefully and make all of your bill payments on schedule.

Conclusion 

SBI credit card EMI is an excellent method for stress-free large expense management. I've paid for electronics, trips, and even unexpected expenses with it. Always check your eligibility, applicable charges, and interest rate with SBI Credit Card before converting any transaction into an EMI.

SBI credit card EMI payment simplifies large purchases when used properly. Always monitor the total cost and make all of your bill payments on time to fully benefit from SBI Credit Card EMIs.

FAQs on SBI Credit Card EMI 

Q1. Will EMI continue if my credit card expires during the tenure?

Yes. Your EMI will continue even if the physical card expires. You only need to ensure the card account remains active and bills are paid on time.

Q2. Does EMI affect my SBI credit limit?

Yes. The entire amount you paid for is released from your limit when you pay each EMI.

Q3. Can I change my EMI period later?

No. You cannot change the tenure once the plan has begun. The only way to pre-close it is to settle the outstanding balance.

Q4. Will I still get reward points if I use EMI?

Some merchant EMI transactions do not earn reward points. Always confirm with SBI whether your purchase qualifies for reward points before converting it into an EMI.

Q5. Can add-on card purchases be converted to EMI?

Yes, if the primary cardholder requests it and the transaction meets the eligibility criteria.

Apply for Loans Fast and Hassle-Free

Apply Now

About the Author

LoansJagat Team

‘Simplify Finance for Everyone.’ This is the common goal of our team, as we try to explain any topic with relatable examples. From personal to business finance, managing EMIs to becoming debt-free, we do extensive research on each and every parameter, so you don’t have to. Scroll up and have a look at what 15+ years of experience in the BFSI sector looks like.