Verified 5 Aug
Neha Koyamma
Asked 1 Apr 2026
I have accumulated a few thousand reward points on my SBI BPCL Credit Card. What is the actual rupee value when redeemed against statement, and is it better to redeem for flights or merchandise?
Short answer: no, EMI on credit card is not cheaper than a personal loan for large amounts (>₹50,000). The processing fee (~₹199-₹599) plus the interest (~14-16% reducing) usually adds up to slightly more than a personal loan rate of 11-13%. But for small-ticket EMI (₹10-20K), it is fine.
On credit limit increase: most banks auto-review every 6 months. If you use 30-70% of the limit and pay in full, you'll get an automatic increase. Don't call and ask for it explicitly — banks take it as a sign of credit hunger and sometimes lower the limit instead.
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