No cost EMI on SBI credit card

[emiya007]

Hi. I know that on HDFC, ICICI and some other credit cards you can cancel the no cost EMI and save on interest payments without paying foreclosure charges.
SBI charges 3% foreclosure charges if you close the EMI later.
However, I read in another thread here that you can cancel the EMI by paying the full amount and so will not be charged the foreclosure charges. Could somebody guide me how to do so?

 

[Deepak_Shetty]

I see you have used Sbi cashback credit card for the above emi transaction.
As the emi conversion failed i.e emi didn't get converted did you get 5% cashback as well which we get on sbi cashback credit card while doing usual transactions??

Y e s

 

[Rcbian]

Y e s

Great,
Any idea about icici Amazon card
Will it give 5-3% cashback when the ncemi is revoked?

 

[BeingIncogBeingIncog is verified member.]

Great,
Any idea about icici Amazon card
Will it give 5-3% cashback when the ncemi is revoked?

doesn't work on icici

 

[hackymanoj]

Hello All,
I have opted for offline emi on sbi card and they have debited all amount and wrote No cost emi will be credited as cashback. If I pay all the money will I still get cashback and the emi gets cancelled?

Where as I know on the online transaction they give instant discount for the emi value.

Attaching the bill for reference.

It would be helpful if someone can help figure this out ASAP to avoid the emi conversion.

Thnx

 

[Amit_1]

Hello All,
I have opted for offline emi on sbi card and they have debited all amount and wrote No cost emi will be credited as cashback. If I pay all the money will I still get cashback and the emi gets cancelled?

Where as I know on the online transaction they give instant discount for the emi value.

Attaching the bill for reference.

It would be helpful if someone can help figure this out ASAP to avoid the emi conversion.

Thnx

I think if you pay the full amount, your emi will not be converted and you may not receive the cashback without emi