Should I pre-close this Credit Card EMI and does HDFC Bank reinstate reward points if you pre-close it?

[CosmicCat]

On 17th June, 2025, I bought an electronic appliance from Croma using my Tata Neu Infinity credit card and chose the Low-Cost EMI for 6 months to get around ₹6,000 instant discount, whose summary is as follows:


The total amount debited from my card was ₹37,613.33.

As I'm aware, HDFC provides only 1.5% NeuCoins instead of 5% on only the principal amount (even if it's a Tata brand) once the amount is converted to EMI.

On 20th June, the whole amount (₹37,613.33) was shown as a credit in the statement and converted to EMI, whose summary is as follows:


The total amount that I would have paid after 6 months would be ₹39,747.62 inclusive of GST on the interest amount.

I noticed that if I pre-close it, the whole amount to be chargeable would be as follows:


I want to know:
1. Whether I would get 5% NeuCoins (reward points) if I pre-close this EMI or not (on the amount ₹39,319.64)?
2. How does the pre-closed EMI look like in the statement? Does it mention the name of the merchant?
3. Would it be beneficial if I pre-close it now? I used the EMI option to only get the instant discount.

 

[imdjay]

Guys, I'm still unable to decide what to do: cancel the Low-Cost EMI (Today's the second day after conversion) or pay it for 6 months. Any help would be appreciated.

Sometimes you have to take your own decision and share the findings for other people's benefit
I believe this is one of those scenarios.

 

[Amit_1]

On 17th June, 2025, I bought an electronic appliance from Croma using my Tata Neu Infinity credit card and chose the Low-Cost EMI for 6 months to get around ₹6,000 instant discount, whose summary is as follows:
View attachment 101173

The total amount debited from my card was ₹37,613.33.

As I'm aware, HDFC provides only 1.5% NeuCoins instead of 5% on only the principal amount (even if it's a Tata brand) once the amount is converted to EMI.

On 20th June, the whole amount (₹37,613.33) was shown as a credit in the statement and converted to EMI, whose summary is as follows:
View attachment 101174

The total amount that I would have paid after 6 months would be ₹39,747.62 inclusive of GST on the interest amount.

I noticed that if I pre-close it, the whole amount to be chargeable would be as follows:
View attachment 101175

I want to know:
1. Whether I would get 5% NeuCoins (reward points) if I pre-close this EMI or not (on the amount ₹39,319.64)?
2. How does the pre-closed EMI look like in the statement? Does it mention the name of the merchant?
3. Would it be beneficial if I pre-close it now? I used the EMI option to only get the instant discount.

1. Haven’t tried with Tata Neu, so can’t say
2. It looks like OFFUS EMI,LOAN PRECL,00000
3. You’ll save on emi interest

but if you’re getting 5% cashback on principal amount also, it’s not worth taking the risk to pre-close imo

 

[Bhauka23]

On 17th June, 2025, I bought an electronic appliance from Croma using my Tata Neu Infinity credit card and chose the Low-Cost EMI for 6 months to get around ₹6,000 instant discount, whose summary is as follows:
View attachment 101173

The total amount debited from my card was ₹37,613.33.

As I'm aware, HDFC provides only 1.5% NeuCoins instead of 5% on only the principal amount (even if it's a Tata brand) once the amount is converted to EMI.

On 20th June, the whole amount (₹37,613.33) was shown as a credit in the statement and converted to EMI, whose summary is as follows:
View attachment 101174

The total amount that I would have paid after 6 months would be ₹39,747.62 inclusive of GST on the interest amount.

I noticed that if I pre-close it, the whole amount to be chargeable would be as follows:
View attachment 101175

I want to know:
1. Whether I would get 5% NeuCoins (reward points) if I pre-close this EMI or not (on the amount ₹39,319.64)?
2. How does the pre-closed EMI look like in the statement? Does it mention the name of the merchant?
3. Would it be beneficial if I pre-close it now? I used the EMI option to only get the instant discount.

Did you pre close it?

 

[Aniket Sharma]

On 17th June, 2025, I bought an electronic appliance from Croma using my Tata Neu Infinity credit card and chose the Low-Cost EMI for 6 months to get around ₹6,000 instant discount, whose summary is as follows:
View attachment 101173

The total amount debited from my card was ₹37,613.33.

As I'm aware, HDFC provides only 1.5% NeuCoins instead of 5% on only the principal amount (even if it's a Tata brand) once the amount is converted to EMI.

On 20th June, the whole amount (₹37,613.33) was shown as a credit in the statement and converted to EMI, whose summary is as follows:
View attachment 101174

The total amount that I would have paid after 6 months would be ₹39,747.62 inclusive of GST on the interest amount.

I noticed that if I pre-close it, the whole amount to be chargeable would be as follows:
View attachment 101175

I want to know:
1. Whether I would get 5% NeuCoins (reward points) if I pre-close this EMI or not (on the amount ₹39,319.64)?
2. How does the pre-closed EMI look like in the statement? Does it mention the name of the merchant?
3. Would it be beneficial if I pre-close it now? I used the EMI option to only get the instant discount.

1. No
2. Debit credit etc too much times & yes the merchant name was mentioned in first transaction that you did.
3. If you can bear that pre-closing charges

 

[Amit_1]

3. If you can bear that pre-closing charges

If you close the emi conversion and make the full payment within 3 days inclusive of pre-closure charges + gst, pro-rata interest (will be returned) etc. received in the mail, all charges except emi conversion gst will be reversed

 

[Bhauka23]

If you close the emi conversion and make the full payment within 3 days inclusive of pre-closure charges + gst, pro-rata interest (will be returned) etc. received in the mail, all charges except emi conversion gst will be reversed

My order was converted to EMI today.

If I pre close it today, will be there be any other charges(like EMI processing fees) apart from the one shown on pre closure page?

 

[Aniket Sharma]

If you close the emi conversion and make the full payment within 3 days inclusive of pre-closure charges + gst, pro-rata interest (will be returned) etc. received in the mail, all charges except emi conversion gst will be reversed

I think you elaborated for cancellation of EMI, I am not sure though this works or not

 

[Amit_1]

I think you elaborated for cancellation of EMI, I am not sure though this works or not

My order was converted to EMI today.

If I pre close it today, will be there be any other charges(like EMI processing fees) apart from the one shown on pre closure page?

watch this, discussed:

C

Thread 'Dilemma over HDFC NC-EMI Cancellation'

Apr 30, 2025

I just made a purchase on Amazon with my HDFC Millennia credit card that saved me Rs.10,000 in instant discount and an additional Rs.4,500 in No-Cost EMI discount. The processing fee is Rs.353 and the foreclosure charge comes out to Rs.2000. Even if I foreclose the EMI without waived charges, I'll still be in the gains because of the huge upfront No-Cost EMI discount.

This is where the dilemma starts. I've already read all the posts here about the foreclosure charges levied by HDFC. I made a similar EMI transaction with HDFC on 4th December,2024 and fore-closed the EMI via MyCards as soon...

• curios_mind_huh
• cancellation hdfc no-cost-emi over
• Replies: 36
• Forum: HDFC Bank Credit Card

• 
• 

 

[Bhauka23]

watch this, discussed:

C

Thread 'Dilemma over HDFC NC-EMI Cancellation'

Apr 30, 2025

I just made a purchase on Amazon with my HDFC Millennia credit card that saved me Rs.10,000 in instant discount and an additional Rs.4,500 in No-Cost EMI discount. The processing fee is Rs.353 and the foreclosure charge comes out to Rs.2000. Even if I foreclose the EMI without waived charges, I'll still be in the gains because of the huge upfront No-Cost EMI discount.

This is where the dilemma starts. I've already read all the posts here about the foreclosure charges levied by HDFC. I made a similar EMI transaction with HDFC on 4th December,2024 and fore-closed the EMI via MyCards as soon...

• curios_mind_huh
• cancellation hdfc no-cost-emi over
• Replies: 36
• Forum: HDFC Bank Credit Card

• 
• 

From where to pay this pre closure amount?

 

[Amit_1]

From where to pay this pre closure amount?

Once you cancel the emi, you’ll get an email stating the total amount you have to pay. It includes pre-closure also which will be returned if you cancel and make payment within 3 days of emi conversion. Better to do all this asap once u see your emi convert

 

[Bhauka23]

Once you cancel the emi, you’ll get an email stating the total amount you have to pay. It includes pre-closure also which will be returned if you cancel and make payment within 3 days of emi conversion. Better to do all this asap once u see your emi convert

No I'm asking what's the payment procedure.

From which portal or website or app like paytm gpay we can pay this amount