Infinia emi rewards confusion

[techstrom007]

I have done a txn of ~70k as emi and the bill was generated before emi conversion and i got 2100 points for that.

What will happen to rp once the emi conversion happens ? Will the RP also gets rolledback ?

The plan is to foreclose the emi once it's converted.

Will i get the RP again after the forcolsure ?

Do anyone has any idea how this math works for INFINIA.

 

[keerthirahul123]

RPs will rollback once the EMI conversion happens. Not sure if they come back after closure.

 

[idharkyadekhraha]

I have done a txn of ~70k as emi and the bill was generated before emi conversion and i got 2100 points for that.

What will happen to rp once the emi conversion happens ? Will the RP also gets rolledback ?

The plan is to foreclose the emi once it's converted.

Will i get the RP again after the forcolsure ?

Do anyone has any idea how this math works for INFINIA.

Once the transaction converts to EMI, you will see a credit of ~70k (and this offsets the initial RPs earned). Even if you foreclose, you won't be getting the reward points. So whatever you do, you won't be getting the RPs.

 

[Sobirvs]

Foreclose or cancel?

There is a diff b/w foreclosing EMI and cancelling.

Foreclosing means paying 3% fee.

Closing means free.

Idk if HDFC still supports closing EMI. They used to do so few months back.

Their app says 3% charge but if you proceed, they don't really charge though.

Source : https://www.desidime.com/discussions/no-cost-emi-cancellation-guide?page=4#posts_list

Now, coming to reward points, no you won't get RP's after either closing or foreclosing EMI, I have personal experience.

I have seen many cards, 99% of them don't provide RP's if you close EMI.

The only card which does is SBI. I did it, and closed EMI after paying lumsum right away. They gave RP. Idk if intentionally but they did.