SBI Card offers EMI conversion for transactions over ₹500

SBI Card has a service called Flexipay that helps users convert their credit card payments into easy monthly instalments, known as EMIs. This service is available for transactions over ₹500. Depending on the amount spent, EMIs can be spread over 3 to 24 months, or even up to 36 months for amounts exceeding ₹30,000. To use Flexipay, cardholders can choose from several methods such as internet banking, the SBI mobile app, or by contacting customer service. Currently, SBI Card offers special EMI promotions providing discounts of up to 32.5% on selected purchases. These offers are available until March 2025. It is important for users to manage their credit scores and understand their credit utilization ratio when using credit cards. The minimum amount required to convert to EMIs is typically ₹2,500; however, this might change based on promotional offers. Users should regularly check the SBI Card website for the most current details and any updates on interest rates or fees. While converting payments into EMIs can ease financial pressure, it is essential to consider the interest charges that may apply. Using the SBI Credit Card EMI calculator can help users estimate their monthly payments and total interest. Also, keep in mind that converting bills to EMIs will temporarily reduce your available credit limit. If there are any uncertainties, it is advisable to seek guidance from a certified financial adviser. Remember that credit cards are forms of debt, and it’s best to use them only after considering all other options. Users should stay informed on the risks associated with credit cards and regularly check for updates on terms and conditions on the SBI Card website.