No cost EMI Cancellation Guide.

@Rajrox Got this message, still I have to call sbicard and cancel it?

Dear SBI Cardholder, we regret to inform you that your MERCHANT EMI conversion request opted at the time of purchase at PG1PLUSV2 for trxn of Rs. xxxxx done on 31-JAN-24 has not been converted for the following reason: Insufficient Retail Outstanding Balance. For more information, kindly call our helpline at 18601801290 or 39020202 (prefix local STD code).  

Kindly guide me

I just did an emi transaction on Axis card - 11th Feb(10 pm) . The transaction hasn't been settled yet. 

My statement date is 12th of every month.

When I should close the emi for max benefit?

Also any points I should keep in mind? 

Can someone tell me how to cancel hdfc emi? It is showing under active emis ..there is a button showing for preclose but charges are high around ₹500

Just curious, what is the process for hdfc debit card ncemi cancellation?

Today I Place with sbi emi trick of 22k and paid immediately wil this trick work r not?

I just did an emi transaction on Axis ace cc, The transaction hasn't been settled yet.

When I should close the emi?

Also any points I should keep in mind while talking to cc?

Hi just now I call to cc for emi cancel but they said we r unable to cancel u can contact to merchant (flipkart) what's this?  And I checked in sbi card app no option to foreclose option pls any one tel me

Because no one is successful in emi cancellation for a week now..

In SBI, this is not a trick but its valid usage with there own t&c

Sbi can't do this, you can complain with there own game of terms and conditions, As there terms and conditions itself said, emi can't be converted if card do not have outstanding available in account. They can't create emi until they update and send updates to all customers.

Point no. 8 at sbi merchant emi t&c

8. EMI would be booked automatically within 3 to 4 working days on request placed at the merchant
provided there is sufficient outstanding balance available on card at the time of conversion. Please
note, in case current outstanding balance on SBI card is less than the requested transaction amount
then the current outstanding amount would be converted into EMI subject to the difference between
current outstanding amount and requested transaction amount being less than or equal to 90%

1. ICICI

After EMI conversion, Request customer care to Cancel EMI. Immediate Cancellation. (Call on 18001080/01133667777 to contact customer care) ➖ Cancel within 15 days.

* No charges (Processing fee+ gst reversed)

2. Axis

(Same as ICICI) 

call on 18604195555 to contact customer care

3. HDFC

Login to mycards web of hdfc and request for Cancellation from there.

Link - https://mycards.hdfcba...om

Charges - only 35 rs. ( processing fee of 199 is reversed )

* Tip 1 - Never make EMI transaction on HDFC cc if your billing date is within 7 days coz if first EMI is billed, then processing fee is not Reversed.

* Tip 2 - After EMI Cancellation, HDFC ask us to pay outstanding within 24 hours but if not done there is also no issues. ( self tested )

4. Kotak

After EMI conversion, first pay the Principal amount in Card, then call cc on 18602662666 for Cancellation. 

* Charges - All charges Reversed Except GST component.

5. SBI

Call CC on 18601801290 and request.

Charges vary from 0 to 199 for processing fee + GST + 3.54% of outstanding Amount.

* Trick - Make outstanding balance in your card 0 after transaction and before EMI conversion, in this case Transaction won't get converted to EMI.

6. BOB

After EMI conversion, raise emi cancel request via bobcard app (Click on profile^ requests&services)

Charges - 199 + 35

* Tip - Request for Cancellation as soon as transaction converted to EMI bcoz INTREST is charged on daily basis.

Merge with No cost EMI Cancellation Guide.

Cc: @admin

Any one tried EMI cancellation options with HSBC CREDIT CARD?

Will they allow EMI Cancellation?

I used hdfc emi trick ,after 6 days emi shown in mycards I can preclose that emi today they charge 199rs only

ICICI, How much time this EMI conversation takes after the transaction? And do we have to make the full payment before calling customer care to cancel EMI?

Any tricks that works for debit card no cost emi in hdfc?

Anyone has experience with axis cancellation?

How can I cancel offline sbi no cost EMI? Plz assist

Does anyone have any experience with HSBC NC emi cancellation?

What about Amex NCEMI ?

Do I get 5% cashback if I cancel NC EMI txn on Amazon pay Credit card?

If I cancel HDFC TataNeu Infinity EMI transaction of Croma online then do I get both 5% neucoins of TataNeu Infinity card + 5% neucoins up to 750 for placing an order through TataNeu?

Thanks bro

Last week done no cost EMI transaction on OnePlus website and cancelled it and no charges on Axis Ace and I think I will get cashback of 1.5% as it is showing normal transaction in statement

Any idea how to do cancel EMI for Amex cards ? and the charges involved ?
I checked with CC chat they told there's no such thing cancellation, but only fore-closure, which will attract a 3% + GST charge.

Does HSBC allow emi cancellation? I ordered worth 3500 . Theres 99+ charges and some 90rs interest for 3 months. Emi isnt posted yet on the card

If I purchase with HDFC millenia card in Flipkart or amazon and cancel emi, will I get 5% cashback too ? Anyone tried?

Last time I tried in MI site I got 1% cashback, wondering what I will get in Flipkart or Amazon?

If I cancel my no cost emi on Flipkart Axis card, do I also get 5% cashback for that amount? TIA

Will this trick work for ICICI if 1st EMI billed in statement? 

If Transaction done on 15, Emi conversion by 18, Statement generated on 20. Can I cancel it on 21 and get all charges reversed. 

If i do a sbi no cost emi transaction and pay full amount instantly. Will my transaction be converted into emi? Do I need to pay any charges ? Plz Confirm

Is it possible to cancel kotak debit card EMI?