Use EMI Wisely to Earn Rewards on Large Purchases
Converting large purchases to EMI often forfeits rewards. Here's how to keep them.
By FinWiz24 Editorial
What you'll do
- 1
No-cost EMI: Banks absorb the interest, but the transaction is still coded as EMI — rewards are usually forfeited.
- 2
Merchant EMI vs bank EMI: Some banks treat merchant-partner EMIs differently. Check before converting.
- 3
Post-purchase EMI: If you buy outright and then convert to EMI via net banking, the original transaction may have already earned rewards.
- 4
Cards that reward EMI: HDFC Infinia and Diners Club Black earn rewards on EMI transactions (check terms quarterly).
- 5
For purchases under ₹50,000, pay outright with your best reward card and earn full rewards.
Important disclaimers
T&Cs apply. We don't endorse anything that violates a bank's T&Cs. If a trick stops working after a T&C change, the post is archived and an [Updated] post is published.
Cards that unlock this trick
HDFC Bank
HDFC Bank Regalia Gold Credit Card
4 reward points per ₹150 — Best for travel · lounge-access · premium.
Annual Fee
₹2,500
Reward Rate
4 reward points per ₹150
Written by FinWiz24 Editorial
