Which EMI card is best apart from Bajaj Finance?

Key Factors to Consider When Choosing an EMI Card

Before diving into the top alternatives, it’s crucial to understand what makes an EMI card worth your money. Here are a few factors to keep in mind:

• Interest Rate: Many EMI cards offer no-cost EMIs, but it's always wise to check for any hidden interest or processing fees.

• Merchant Network: Ensure the card is accepted at your preferred stores—both offline and online.

• Tenure Flexibility: Look for cards offering multiple EMI durations (e.g., 3, 6, 9, 12, or 24 months).

• Credit Score Requirement: Some cards require a strong credit profile; others are more lenient.

• Annual or Joining Fees: Opt for cards with minimal or zero fees.

• Exclusive Offers: Cashback, reward points, or instant discounts can sweeten the deal.
  

Top 15 Best EMI Cards Other Than Bajaj Finance

1. HDFC Bank EasyEMI Card

• Auto-converts transactions over ₹10,000 into EMIs.

• Tenures: 6–24 months.

• It comes with cashback offers on leading brands.

• It is widely accepted both online and offline.
  

2. ICICI Bank Amazon Pay Credit Card

• We offer no-cost EMI on Amazon purchases.

• There is no joining fee and it is free for life.

• You can get extra cashback on Amazon Prime.
  

3. SBI SimplyCLICK Credit Card

• This is great for online shoppers.

• EMI conversions are available post-purchase.

• We offer accelerated rewards on online brands such as Amazon, BookMyShow, and Cleartrip.
  

4. Axis Bank Flipkart Credit Card

• Flipkart offers no-cost EMI options.

• 5% cashback on Flipkart and Myntra.

• There is free access to lounge services.
  

5. Kotak Mahindra Bank EMI Card

• Pre-approved customers get instant activation.

• Attractive zero-interest EMI plans.

• You can easily apply via mobile banking.
  

6. RBL Bank ZestMoney EMI Card

• There is no requirement for a credit score.

• The application process is 100% digital.

• The product is accepted on platforms like Flipkart, Amazon, and Myntra.
  

7. AU Small Finance Bank Credit Card

• Converts purchases above ₹2,000 to EMI.

• 1.5% cashback on all purchases.

• A UPI-linked credit card option is available.
  

8. Tata Neu Infinity HDFC Card

• NeuCoins are available for EMI purchases.

• EMI options are available at Tata Group brands.

• We have a strong online and offline merchant network.
  

9. Paytm SBI Credit Card

• The Paytm app directly converts purchases to EMI.

• Earn Paytm cashback points.

• This device is great for utility payments and recharges.
  

10. Yes Bank EMI Credit Card

• These loans offer long EMI tenures with zero or low interest.

• The product has received good acceptance across retail and e-commerce.

• Periodic offers and cashback.
  

11. Standard Chartered Super Value Titanium Card

• There are EMIs on utility bills, fuel, and groceries.

• We offer instant cashback on fuel spends.

• The SmartEMI feature is available for large purchases.
  

12. IndusInd Bank Platinum Aura Card

• This is a smart EMI conversion.

• We offer customized reward plans based on spending patterns.

• Select plans come with no hidden charges or annual fees.
  

13. HSBC Platinum Credit Card

• The product is free for life and comes with strong EMI features.

• There are no joining or annual fees.

• The program is a global acceptance and reward program.
  

14. IDFC FIRST Millennia Card

• Lifetime free.

• You can get instant EMI conversion via the app or merchant.

• EMI for UPI transactions is now supported.
  

15. Slice Super Card

• The approval process is friendly for new earners.

• Pay in 3 monthly installments.

• Cashback on every spend with zero annual fee.
  

Benefits of Using Non-Bajaj EMI Cards

Choosing a different EMI card brings a range of benefits, especially if you want more control or broader usage. Here's what makes them shine:

• Greater Acceptance: A broader range of online and offline outlets accept numerous credit-based EMI cards.

• Global Usability: International acceptance is available for cards such as HDFC, SBI, and Axis.

• Digital Onboarding: Many new-age fintechs (like Slice and ZestMoney) allow fully online applications with minimal paperwork.

• Credit Building: Regular EMI payments help improve or build your credit score.

• Cashback & Rewards: Many EMI cards double up as cashback or rewards credit cards.

• Flexible Repayment Options: From 3 to 24 months, pick what suits your monthly cash flow best.
  

  Benefits of Using Non-Bajaj EMI Cards

  Choosing a different EMI card brings a range of benefits, especially if you want more control or broader usage. Here's what makes them shine:

  • Greater Acceptance: A broader range of online and offline outlets accept numerous credit-based EMI cards.

  • Global Usability: International acceptance is available for cards such as HDFC, SBI, and Axis.

  • Digital Onboarding: Many new-age fintechs (like Slice and ZestMoney) allow fully online applications with minimal paperwork.

  • Credit Building: Regular EMI payments help improve or build your credit score.

  • Cashback & Rewards: Many EMI cards double up as cashback or rewards credit cards.

  • Flexible Repayment Options: From 3 to 24 months, pick what suits your monthly cash flow best.
    

  Drawbacks of EMI Cards
  

  While EMI cards offer incredible flexibility, they do come with a few potential drawbacks that you should consider:

  • Interest Charges on Delayed Payments: If you miss an EMI payment, many cards charge high-interest rates. Ensure you pay on time to avoid accumulating interest.

  • Limited Credit Limit: Some EMI cards offer a limited credit limit, which may not be sufficient for larger purchases.

  • Activation Fees: Certain cards come with activation or processing fees, which can reduce the overall savings you get from an EMI.

  • Complex Terms: Understanding the EMI terms can be tricky. Be sure to read the fine print about processing fees, conversion fees, or any hidden charges.

  • Impact on Credit Score: Like any credit product, misuse of your EMI card, such as failing to pay off EMIs on time, can negatively impact your credit score.

  Overall, while EMI cards are useful, you must use them responsibly and read all terms carefully.
  

  How to Apply for These EMI Cards

  Applying for an EMI card is typically a simple process, but it varies depending on the bank or financial institution. Here’s a step-by-step guide to apply for most EMI cards:

  1. Check Eligibility:

     • Ensure you meet the eligibility criteria, including age, income, and credit score requirements.

     • Some banks may also require a minimum income level or employment status (salaried vs. self-employed).

  2. Submit Documents:

     • You’ll need basic identification documents such as Aadhaar, PAN, proof of income, and address proof.

  3. Select a Card:

     • Compare various EMI cards based on interest rates, fees, rewards, and EMI features.

     • Choose a card that fits your shopping habits and financial goals.

  4. Application Process:

     • Online: Most banks allow you to apply online through their website or mobile app.

     • Offline: Alternatively, visit a branch and fill out the required forms in person.

  5. Approval and Activation:

     • Upon approval, the bank will issue your EMI card.

     • Activate the card through their online portal or by contacting customer service.

     • Start using the card for purchases and enjoy the flexibility of EMIs!
       

  EMI Cards vs. Credit Cards: What's the Difference?

  While EMI cards and credit cards may seem similar, there are significant differences between the two:

  • EMI Card:

    • This product is specifically designed for installment-based payments.

    • Generally, it offers no-interest EMIs for purchases over a certain amount.

    • There is limited usage at partner merchants.

    • It doesn't offer an ongoing credit line like a typical credit card.

  • Credit Card:

    • The company offers a revolving credit line.

    • It can be used for purchases at any store that accepts credit cards.

    • If you don't pay the outstanding balance in full, you will incur interest.

    • It may come with additional benefits like cashback, travel rewards, and discounts.

  While EMI cards are excellent for managing large purchases with fixed payments, credit cards are more versatile for regular spending and offer rewards.
  

  EMI Card Safety and Security Best Practices

  As with any financial product, safety is a primary concern when using EMI cards. Here are some best practices to ensure your EMI card remains secure:

  • Activate Fraud Alerts: Enable SMS or email alerts for every transaction to monitor suspicious activity.

  • Use Secure Networks: Always use secure Wi-Fi or a VPN when making purchases online.

  • Avoid Public Devices: Never use your EMI card on public computers or shared devices to avoid data theft.

  • Track Transactions Regularly: frequently check your statement or app to ensure there are no unauthorized charges.

  • Update Passwords: Change your account passwords periodically and avoid using easy-to-guess passwords.