Foreclosure charges for CC

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lalchi_seth
As the sale season is about to start, lots of people will be using NCEMI for payment.

Please share foreclosure charges details for different CC, it'll be helpful for noob like me🫣.

Share the article link if there is any regarding this topic.

pray
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Deal Lieutenant Deal Lieutenant
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what this 

Foreclosure ?
Vanguard Vanguard
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Maybe he meant cancellation charges for  emi

Commentator Commentator
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always close before 30 days. most cc doesn't apply foreclosure charges. but still google before doing it and also you don't need to wait for 30 days. wait once the purchase convert to emi then wait for 36 hours and close the emi

Deal Lieutenant Deal Lieutenant
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mhm i am new to this CC EMI things, so how does it work? 


1) we purchase product in amazon or flipkart

2) choose NCEMI option and reap some good discounts and order is made

3) then how it will show in credit card? get converted to EMI? in 2 days? 

4) so after we find emi in credit card unbilled amount? we then cancel emi in 36 hours?

5) after cancellation the discount is retained? and the full payment is made?


btw i am newbie to this NCEMI cancellation tricks (so pardon my newbie questions above)


so please do enlighten me if the above process is right or wrong?

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Crowdpuller Crowdpuller
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On regular offers card below card is chargeable

SBI,

ONE CARD,

IDFC

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