Make the most of festive shopping with amazing credit card and EMI options
Posted on: 30/Sep/2017 12:39:20 PM
The shopping season is set and people are in festive shopping mood. People have scheduled to purchase all their needy items in this season so as to make the most of discounts and loan offering by credit cards and banks.
Reward points, cash back offers, conversion of product price into EMI, etc are some of the offers we have. Customers also get loans with interest rate as low as zero percent so as to absorb more customers.
Festive shopping with credit cards
Discounts and EMI options
You can make use of credit cards not just for discounted deals, but also EMI options of time period ranging from 3 to 12 months. These offers pertain only to specific retailer or bank credit card and not on all cards. To avail the EMI option, banks will be imposed with a processing fee and a surcharge for EMI option through credit card. So, when you go for buying something this season, don’t think your limits fall only within the discounts offered by the retailer, because there is a lot more.
Cash Back and Rewards
There are a number of lucrative cash back offers and reward points schemes in this festive season to excite you with every purchase you make. In general, the predetermined percent of offer is of the range 5 percent. You may avail this, or gather all the reward points for availing offers to make use of later. At the same time, such cash back offers may lure impulsive buyers and induce them in making unwanted purchases.
Consumer durable loans
There is one more worthy option where you can avail consumer durable loans if you had been waiting to get the best deal in offer. As compared to charges of credit card, these are available at lower rate. They are more pocket friendly as set against credit cards. For these easy consumer durable loan offers, there are non-banking financial companies that come forward to collaborate with retailers or brands to give out easy consumer durables.
Least documentation
Minimal documentation is enough for both credit card loans as well as consumer durable loans. Hence, either of them are popular loan option attracting large volume of buyers. The most essential documents involve KYC details, cheque to make the first EMI payment, and repay mandate. Through call or mail, the credit card EMI can be approved.
Affordable
For consumer durable loan, the interest rate is very low, particularly at times of festive season. There are in fact zero percent EMI option from a few banks and NBCFs. They will charge the loan processing fee upfront and get the entire process pocket friendly. However, interest will be applicable for credit card loans and most of them don’t involve processing fee.
