Does converting your credit card bill into EMI impact your credit score? Find out

2 months, 2 weeks ago

Does converting your credit card bill into EMI impact your credit score? Find out

Managing credit card bills can be difficult, especially when the bill amount is large. No immediate negative impact Converting your credit card dues to an EMI does not directly affect your credit score. Advantages of converting credit card dues in EMIs Immediate financial relief: By splitting a large bill into smaller EMIs, it reduces the financial burden of a one time payment. Disadvantages of converting credit card dues in EMIs Additional costs: Interest rates for EMIs although are lower than standard credit card interest, they are still significantly high. In conclusion, converting your credit card dues into EMI can be a great option when you are in financial strain and are paying a large bill amount.

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