EMI Card vs Credit Card | Which is Better for You?

Explore the differences between EMI cards and credit cards. Learn about their benefits, usage, and which option suits your financial needs best. Get informed now!
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EMI Card vs Credit Card | Which is Better for You?
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2 min
26th Feb 2025

When it comes to financial tools, people often find themselves torn between the Insta EMI card vs credit card. Both serve distinct purposes, but which one suits your needs better? Let’s dive into the details and explore the pros and cons of each.

Insta EMI Cards Vs Credit Cards - Understand the Key Difference

Point of comparison Insta EMI card Credit card
Functionality Primarily used for purchasing high-value items and converting the cost into easy monthly instalments. Offers a revolving credit line that allows you to make purchases and pay later, either in full or in instalments.
Interest Generally interest-free, but processing fees may apply. Involves interest charges if you carry a balance beyond the grace period.
Eligibility Often available to specific customer segments (e.g., existing customers of a particular store or brand). Requires a credit check and approval based on creditworthiness.
Credit limit Typically tied to the purchase amount. Offers a predefined credit limit based on your credit history.
Usage flexibility Limited to specific partner stores. Widely accepted for various transactions, including online shopping, travel, and dining.
Repayment terms Fixed EMIs over a specific period. Flexible repayment options, including minimum payment, full payment, or partial payment.
Credit score impact Regular and punctual repayment can positively influence your credit score. Affects your credit score based on usage and payment behaviour.
Additional features Focused on EMI conversion only. Offers rewards, cashback, travel benefits, and more.
Ownership Tied to a specific purchase. Remains with you even after multiple transactions.
Documentation Minimal documentation required. nvolves detailed paperwork during application.

 

Benefits of using an Insta EMI card

  • Budget-friendly: Fixed EMIs help you manage your finances better.
  • No credit score impact: When you pay your EMIs on time regularly, it contributes positively to your credit score.
  • Quick approval: Minimal documentation ensures a hassle-free process.
  • Partner store offers: Exclusive deals and discounts at affiliated stores.

Eligibility and Documents Required for Insta EMI Card

To apply for the Bajaj Finserv Insta EMI Card, applicants must meet specific eligibility criteria and provide necessary documentation to ensure a smooth application process.

Eligibility Criteria:

  • Nationality: Applicants must be Indian citizens.
  • Age: Applicants should be between 21 and 65 years old.
  • Income: A regular source of income is required.
  • Credit Score: A good credit score, as per Bajaj Finance's risk policies, is essential.

Documents Required:

  • PAN Card: Serves as a primary identification document.
  • Aadhaar Card: Used for KYC verification.
  • Address Proof: To confirm the applicant's residential address.

Meeting these criteria and providing the necessary documents facilitate a hassle-free application for the Bajaj Finserv Insta EMI Card, enabling users to enjoy flexible financing options across a wide range of products and services.

Check Insta EMI Card fees and charges

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Bajaj Finserv app for all your financial needs and goals

Trusted by 50 million+ customers in India, Bajaj Finserv App is a one-stop solution for all your financial needs and goals.

You can use the Bajaj Finserv App to:

  • Apply for loans online, such as Instant Personal Loan, Home Loan, Business Loan, Gold Loan, and more.
  • Invest in fixed deposits and mutual funds on the app.
  • Choose from multiple insurance for your health, motor and even pocket insurance, from various insurance providers.
  • Pay and manage your bills and recharges using the BBPS platform. Use Bajaj Pay and Bajaj Wallet for quick and simple money transfers and transactions.
  • Apply for Insta EMI Card and get a pre-qualified limit on the app. Explore over 1 million products on the app that can be purchased from a partner store on Easy EMIs.
  • Shop from over 100+ brand partners that offer a diverse range of products and services.
  • Use specialised tools like EMI calculators, SIP Calculators
  • Check your credit score, download loan statements and even get quick customer support—all on the app.

Download the Bajaj Finserv App today and experience the convenience of managing your finances on one app.

Do more with the Bajaj Finserv App!

UPI, Wallet, Loans, Investments, Cards, Shopping and more

GET THE APP

Disclaimer

1. Bajaj Finance Limited (“BFL”) is a Non-Banking Finance Company (NBFC) and Prepaid Payment Instrument Issuer offering financial services viz., loans, deposits, Bajaj Pay Wallet, Bajaj Pay UPI, bill payments and third-party wealth management products. The details mentioned in the respective product/ service document shall prevail in case of any inconsistency with respect to the information referring to BFL products and services on this page.

2. All other information, such as, the images, facts, statistics etc. (“information”) that are in addition to the details mentioned in the BFL’s product/ service document and which are being displayed on this page only depicts the summary of the information sourced from the public domain. The said information is neither owned by BFL nor it is to the exclusive knowledge of BFL. There may be inadvertent inaccuracies or typographical errors or delays in updating the said information. Hence, users are advised to independently exercise diligence by verifying complete information, including by consulting experts, if any. Users shall be the sole owner of the decision taken, if any, about suitability of the same.

Frequently asked questions

What are the main differences between an EMI card and a credit card?

Primarily used for high-value purchases, EMI cards allow you to convert the cost into fixed monthly instalments. They often come with no interest charges but may have processing fees. However, credit cards offer a revolving credit line, allowing you to make purchases and pay later. Interest applies if you carry a balance beyond the grace period.

Can I convert credit card purchases into EMIs?

Yes, you can! Many credit cards offer EMI conversion options. You can convert specific transactions into EMIs with predefined tenures and interest rates.

Is an EMI card the same as a credit card?

No, an EMI card is different from a credit card. It is a pre-approved loan card that allows you to convert purchases into EMIs without requiring a credit limit or revolving debt.

What are the benefits of an EMI card?

An EMI card offers no-cost EMI options, a pre-approved loan limit, easy online and offline purchases, flexible tenure choices, and zero or minimal documentation for quick approvals.

Which is better, the Bajaj EMI Card or a credit card?

The Bajaj EMI Card is ideal for no-cost EMIs and hassle-free shopping, while a credit card offers more flexibility for various expenses. The best choice depends on your financial needs.

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