If you shop online or offline and want to buy gadgets like phones, laptops, refrigerators, or TVs, the EMI option is a total game-changer! You don’t have to pay the money all at once; you can pay a little bit every month.
But not all credit cards offer good EMI options โ some have zero interest, while others offer cashback or rewards. Let’s look at the best credit cards for EMI shopping in India today, and why they might be perfect for you. I’ll explain it in simple language, no nonsense!
What to Look for in EMI Shopping?
First, understand this โ for EMI, the card should have low interest or no-cost EMI. Sites like Flipkart and Amazon offer deals with brands, so the card should match those offers. Rewards, cashback, and joining fees also matter. Now let’s look at the top cards!
1. HDFC Millennia Credit Card
This card is a hit for beginners. You get no-cost EMI on Amazon, Flipkart, and Reliance Digital, and 5% cashback too (on Dineout, Swiggy). Monthly fees are low, and if you spend a little every month, the fee is waived. Converting large purchases to EMI is easy through the app.
2. Axis Bank Ace Credit Card
You get 2% cashback on bill payments through Google Pay, and more no-cost EMI offers on Flipkart and Amazon. The joining fee is low, and the cashback is credited directly to your statement. The EMI interest is also quite low on big purchases.
3. SBI Cashback Credit Card
You get 5% cashback on online shopping and low interest on EMIs. The SimplyCLICK variant gives extra benefits on Amazon. No-cost EMI offers work great at SBI’s partner stores, and the cashback is unlimited.
4. Amazon Pay ICICI Credit Card
If you’re an Amazon fan, this card is made for you! It’s lifetime free, with no joining fee. 5% cashback for Prime members on Amazon, and no-cost EMI on everything. Other sites also offer 1-2% cashback, and converting to EMI is super easy.
5. Flipkart Axis Bank Credit Card
5% unlimited cashback on Flipkart, and no-cost EMI on almost every product. Extra discounts on Myntra and Swiggy. There’s a small joining fee, but it can be waived in the first year. This card is king during sales like Big Billion Day!
6. HSBC Live+ Credit Card
Great cashback on dining and shopping, and low processing fee on EMI. Works well with no-cost EMI partners. Also good for international shopping if you order imported stuff.
| Card Name | Main Benefits | Cashback/Rewards | EMI Features | Joining Fees |
|---|---|---|---|---|
| HDFC Millennia | Amazon/Flipkart offers | 5% on partners | No-cost EMI | Low/Waivable |
| Axis Ace | Google Pay bills | 2% unlimited | Low interest EMI | Low |
| SBI Cashback | Online spends | 5% cashback | Partner no-cost | Nominal |
| Amazon Pay ICICI | Amazon Prime | 5% on Amazon | Lifetime no-cost | Free |
| Flipkart Axis | Flipkart sales | 5% unlimited | No-cost on Flipkart | Waivable |
| HSBC Live+ | Dining/Shopping | High cashback | Low fee EMI | Moderate |
Pros and Cons
Pros:
- No-cost EMI makes big purchases easy.
- Extra savings with cashback and rewards.
- Converting to EMI is simple through the app.
- Extra discounts on partner sites.
Cons:
- Interest can be high if no-cost EMI is not available.
- High penalties for late payments.
- Some cards have a spending limit to waive the annual fee.
- Not all offers are available all the time.
Conclusion
For EMI shopping, Amazon Pay ICICI or Flipkart Axis are best if you shop on a specific site. If you want an all-rounder, go for HDFC Millennia or SBI Cashback.
Look at your spending habits โ if you use Amazon more, go for ICICI, if Flipkart, then Axis. Check the bank’s apps or confirm with customer care for the latest offers. Tell us in the comments, which is your favorite card and why? Enjoy shopping!
