Free EMI Sach Mein Free? 1.33%/Month = ~16% APR | Credit Card Truth #oolka #creditworthy #creditcard

“Free EMI” suna aur iPhone/TV le liya? Small print me 1.33% per month likha hota hai—jo roughly ~16% yearly (APR ~16–24%) ban sakta hai. Card EMI me interest day-1 se start hota hai, grace period nahi milta, aur kabhi-kabhi rewards bhi cut hote hain.

Is video me cover:

Free EMI ≠ Free: “Free” ka matlab often zero transfer fee, interest phir bhi lagta hai

Card EMI vs No-Cost EMI: merchant-subvention vs bank EMI (MRP inflate/processing fee check karo)

Hidden costs: processing, foreclosure/part-payment charges, GST on fees/interest, reward exclusions

Reality of 1.33%/month: ~15.96% nominal per year; effective APR higher ho sakta hai (reducing/fees ke saath)

Safe rules (thumb rules):

Utna hi kharcho jitna cash aaj hai

Due date se pehle full bill clear karo (EMI sirf zarurat me, cheapest total cost compare karke)

Bonus: Utilization less than 30%, alerts set karo

Apna “free EMI” experience share karo—bank/app, rate, fees kya the? Comments me likho
Credit ko samajhne & improve karne ke liye subscribe karo. (Oolka par Dhruva—AI CIBIL Expert—se practical tips pao.)

#FreeEMI #CreditCard #APR #InterestRate #EMI #HiddenCharges #SmartBorrowing #PersonalFinanceIndia #FinancialLiteracy #MoneyMath #Oolka
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Видео Free EMI Sach Mein Free? 1.33%/Month = ~16% APR | Credit Card Truth #oolka #creditworthy #creditcard канала Oolka - AI Credit Score LevelUp