Discover the best EMI credit cards in India for 2024, including IDFC FIRST, HDFC Regalia, SBI PRIME, and more. Compare interest rates, tenure options, annual fees, and special EMI offers.
Introduction
EMI (Equated Monthly Instalment) credit cards are a boon for managing big-ticket purchases. Whether you’re buying a smartphone, home appliance, or booking a dream vacation, these cards allow you to convert high-value transactions into manageable EMIs. Let’s dive into the best credit cards for EMI in India in 2024, comparing their features, fees, interest rates, and more.
COMPARE AND ANALYSE
Top 5 Best Credit Cards for EMI in India in 2024: Features & Benefits
01
IDFC FIRST SWYP Credit Card
Best for: Low-interest EMIs and young professionals
Key Features:
- Interest Rate: Starts as low as 9% annually for EMIs.
- Tenure Options: Flexible tenure from 3 to 48 months.
- EMI Payment Limit: Transactions above ₹2,500 can be converted to EMIs.
- Annual Fees: Lifetime free.
- Special Offers: Zero-cost EMI available on partner merchants and e-commerce platforms.
With no annual fee, low-interest rates, and lifestyle benefits, the IDFC FIRST SWYP Credit Card is perfect for young professionals who want affordable EMI options and rewards for their spending.
02
HDFC Regalia Credit Card
Best for: Premium benefits and EMI flexibility
Key Features:
- Interest Rate: ~15% annually for EMIs.
- Tenure Options: 6 to 36 months.
- EMI Payment Limit: Minimum transaction of ₹5,000.
- Annual Fees: ₹2,500 + GST (waived on spending ₹3 lakh annually).
- Special Offers: Zero-cost EMIs on select gadgets and exclusive partner stores like Croma.
The HDFC Regalia Credit Card combines EMI options with travel perks, lounge access, and dining discounts, making it suitable for premium users who want additional benefits.Best For: E-commerce enthusiasts, especially regular Amazon customers.
03
Bajaj Finserv Insta EMI Card
Best for: Dedicated EMI-focused features
Key Features:
- Interest Rate: Zero-cost EMI on partner brands; others at ~14% annually.
- Tenure Options: 3 to 24 months.
- EMI Payment Limit: ₹500 onwards.
- Annual Fees: ₹531 (including taxes).
- Special Offers: No-cost EMI on over 1,000 partner brands and instant approval for pre-approved customers.
This card is specifically designed for those who prioritize EMI conversions, especially for purchases at partner outlets like Reliance Digital and Vijay Sales.
04
SBI Card PRIME
Best for: Reward points and EMI benefits
Key Features:
- Interest Rate: ~16% annually for EMIs.
- Tenure Options: 6 to 24 months.
- EMI Payment Limit: ₹2,500 onwards.
- Annual Fees: ₹2,999 + GST (waived on spending ₹3 lakh annually).
- Special Offers: Cashback on EMI transactions during festive seasons and exclusive e-commerce deals.
The SBI Card PRIME offers a blend of reward points, EMI options, and a welcome gift worth ₹3,000, making it a top-tier choice for frequent shoppers.
05
Axis Bank ACE Credit Card
Best for: Cashback and affordable EMIs
Key Features:
- Interest Rate: ~13% annually for EMIs.
- Tenure Options: 6 to 24 months.
- EMI Payment Limit: ₹2,000 onwards.
- Annual Fees: ₹499 + GST (waived on spending ₹2 lakh annually).
- Special Offers: 5% cashback on utilities and online transactions (Google Pay, Swiggy).
For everyday purchases and utility payments, this card provides excellent cashback benefits along with convenient EMI options..
Comparison Table: Best EMI Credit Cards in India for 2024
| Credit Card | Interest Rate (Annually) | Tenure Options | Annual Fees | EMI Payment Limit | Zero-Cost EMI | Ideal For |
|---|---|---|---|---|---|---|
| IDFC FIRST SWYP Credit Card | Starts at 9% | 3–48 months | Lifetime Free | ₹2,500+ | Yes (partner merchants) | Young professionals, low-cost EMIs |
| HDFC Regalia Credit Card | ~15% | 6–36 months | ₹2,500 (waived on ₹3 lakh yearly spend) | ₹5,000+ | Yes (select stores) | Premium perks + flexible EMIs |
| Bajaj Finserv Insta EMI Card | Zero-cost at partner brands; ~14% otherwise | 3–24 months | ₹531 | ₹500+ | Yes (1,000+ partner brands) | EMI-focused card for electronics |
| SBI Card PRIME | ~16% | 6–24 months | ₹2,999 (waived on ₹3 lakh yearly spend) | ₹2,500+ | Yes (festive season offers) | Rewards + big-ticket purchases |
| Axis Bank Ace Credit Card | ~13% | 6–24 months | ₹499 (waived on ₹2 lakh yearly spend) | ₹2,000+ | Limited | Everyday spending + cashback |
How to Choose the Best EMI Credit Card
When selecting an EMI credit card, consider these factors:
- Interest Rates: A lower interest rate means less overall cost on your EMIs.
- Tenure Options: Choose a card offering flexible repayment periods to suit your budget.
- Annual Fees: Look for cards with annual fee waivers based on spending milestones.
- Zero-Cost EMI: Ideal for big purchases at partner stores.
- Additional Benefits: Cashback, rewards, or discounts make the card more valuable.
Conclusion
Whether you’re shopping for gadgets, appliances, or indulging in lifestyle purchases, these EMI credit cards make high-value transactions affordable. The IDFC FIRST Bank Credit Card and Bajaj Finserv Insta EMI Card stand out for zero-cost EMI options, while the HDFC Regalia Credit Card is perfect for premium perks. Choose the one that aligns with your spending patterns and enjoy a stress-free shopping experience.
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