Are You Really Saving With That EMI Offer? Let’s Break It Down!

We all love a good deal, especially when there’s a shiny ₹1,500 voucher waving at us for converting our credit card purchase into EMIs.

Agree?

But how much are you actually saving—or losing—when you convert a ₹40,000 transaction on your American Express card into EMIs at 16% interest?

Let’s get real with the numbers.

If you choose a 3-month EMI, your monthly payment is ₹13,690.46, and you pay ₹1,071.38 in interest.

Subtract the ₹1,500 voucher, and you actually come out ahead by ₹428.62.

Add Processing fee of ₹249 and GST on interest.

That’s the only tenure where you break even.

For 6 months, you pay ₹6,981.21 per month, with total interest of ₹1,887.27.

Even after the voucher, you lose ₹387.27.

At 9 months, you’re down ₹1,213.75.

12 months? You lose ₹2,050.81

Go for 18 months or 24 months, and your net loss jumps to ₹3,756.63 and ₹5,504.59, respectively.

So, unless you’re picking the 3-month option, that “deal” is actually costing you—sometimes more than ₹5,500 on a ₹40,000 spend!

Amazon Prime Day is here, and deals are everywhere—but are they really deals?

I was eyeing the Godox Light.

Last week, it was around ₹8,500.

Now, it's nearly Rs. 10,500