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Showing posts from August 24, 2018

EMI on Debit Card; Good or Bad

10 questions to ask when chosing EMI on Debit Card
Online Stores like Amazon, Flipkart etc has made ties with Indian Banks like ICICI and others. Now your Debit Card will work like credit card given if you have some savings in your bank as Fixed Deposit. Buying is made easy now. After cash on delivery, EMI on Debit Card is second most eye catching utility. Stores want you to buy more. Banks want you to sell more money. They will always want, its there business.
EMI on Debit Card means no extra paper work for getting a credit card, plus banks will be in safer side. In past decade Credit Card fraud was enormous as credit limit on a credit card goes high in accordance with your purchasing power.
Customers are also in safer side as 'buying very high value articles and then unable to pay thing' will be minimized.
In countries like US, UK there run consultancies with promise of making you Debt Free / Credit Card Debt Free, as people buy and then unable to pay.
No matter how many se…