EMI Card vs Credit Card – What’s the Difference?

Have you ever heard of the term ‘easy finance’? It is used commonly enough in today’s digital world where consumers want everything from flagship laptops to the best home appliances that money can buy.

‘Easy finance’ offers you the opportunity to afford many goods and services without the worry of dipping into your savings. It permits you to buy many items you desire on EMI or equated monthly instalments, where you may pay minimal or no cash initially, and pay in monthly installments afterward. However, what payment instrument is used for this? You can use a credit card, or the Bajaj Finserv EMI Network Card. Online and offline shopping is easy with both these payment modes, but let’s see how they differ.

The Bajaj Finserv EMI Network Card

An EMI card is a digital payment instrument that lets you buy items in EMI. One such popular and the frequently used card is the Bajaj Finserv EMI Network Card. This can be effectively used to buy any items from smartphones to televisions, and can even buy you services like travel-related air and hotel bookings. Purely used for shopping in EMI, you can buy all you want without the need to pay cash when you initially make your purchases. You simply take your products home with you and pay in NO Cost EMI (monthly installments) later on.

Additionally, you can choose flexible tenures of payment and these can range from 3 months to 2 years. Furthermore, a NO Cost EMI facility is tied into the Bajaj Finserv EMI Network Card, so you are required to make monthly repayments without any additional interest whatsoever. With easy access to the Bajaj Finance card online, you are able to shop at nearly a lakh of partner brands and retailers, including Pepperfry, MakeMyTrip, Samsung, Vivo, HomeTown, and many others, with the NO Cost EMI advantage.

The Bajaj Finserv EMI Network Card & Credit Cards – Differences

You may well argue that you can shop for all of your favorite items using a credit card, and still use the perks of paying on EMI. While this is certainly true and the best credit cards come with a host of facilities that let you buy what you want, there are distinct differences between credit card use and use of the Bajaj Finserv EMI Network Card. These distinctions are elucidated below:

  • The Process of Application – You can apply for a Bajaj Finserv Card in easy online ways. To obtain the Bajaj Finserv EMI Network Card, you need to display a regular income source. How to apply for a Bajaj Finserv EMI Network Card? You can visit the Bajaj MARKETS website and fill in the minimal details.
  • Charges – The main distinguishing feature that makes the Bajaj Finserv EMI Network Card stand out against credit cards is the advantage of NO Cost EMI. This means that you do not have to pay interest charges on monthly EMIs, whereas with credit card EMIs, you do.
  • Other Charges – In case you wish to foreclose on EMI payment, no charges are applied when you avail of this with the Bajaj Finserv EMI Network Card. However, with a credit card, you are required to pay foreclosure penalties.

Stress-Free Shopping

You can use the Bajaj Finserv EMI Network Card for a whole new shopping experience, and not worry about payments. This digital payment instrument gives you the unique chance to afford almost anything you want, and you can pay for it according to your convenience.

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