- As soon as you complete your order, you will see the full amount charged on your credit card.
- After 3-7 days, your bank will convert this into an EMI.
- Post conversion the 1st instalment will be retained by the bank and remaining amount will be released to the customer’s credit limit. For example, if you have made a 3-month EMI purchase of Rs. 25,000 and your credit limit is Rs. 1,00,000 then your bank will block your credit limit by Rs. 25,000 and thus your available credit limit after the purchase will only be Rs. 75,000. As and when you pay your EMI every month, your credit limit will be released accordingly.
Modified on: Wed, 19 Jan, 2022 at 1:30 PM
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