Credit card EMI vs personal loan — which is cheaper?
Girish Mhapsekar
Asked 24 May 2026
0
I need to finance a purchase of ₹75,000. Should I convert the transaction to credit card EMI or take a personal loan? Which is actually cheaper after all charges?
2 Answers
Accepted
5
Genelia Chand·16 Jun 2026
Tip from someone who made this mistake: never max out the credit limit in the first 6 months. Banks track utilisation, and high utilisation right after approval often triggers a credit limit decrease or even an account review.
4
Nitin Das·5 Jun 2026
Two things nobody tells you: (1) GST is charged on the annual fee, so a ₹1,000 fee becomes ₹1,180. (2) Reward points usually have an expiry of 2-3 years. Set a calendar reminder to redeem before they lapse.
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