When in the market for expensive items like electronics or furniture, the Bajaj Finserv EMI Network Card is an incredible tool to have on hand. The card allows you to make purchases on EMI, which means you can make the purchase now and pay it off over time, in instalments.
These are just one of the many benefits you get once you have activated your EMI card. To know how to activate Bajaj Finserv EMI Network Card and some of the best ways to maximise your card’s benefits, read on.
How to Activate a Bajaj Finserv EMI Network Card
Your Bajaj Finserv EMI Network Card can be easily activated on the Bajaj Finserv Wallet app. The app can be accessed from your smartphone through the app store or Google Play. Follow these simple steps to activate your Bajaj Finserv EMI Card using the app:
Step 1: Download the Bajaj Finserv Wallet app from the App Store or Google Play Store.
Step 2: Complete the sign-up process and log in to the application.
Step 3: Enter the one-time password (OTP) received on your registered mobile number to authorise the signing in.
Step 4: Select the ‘Know More’ option from the pop-up that appears once you sign in.
Step 5: Fill in your date of birth in the text box that pops up, and click on the ‘See EMI Card Now’ option.
By following these steps, your Bajaj Finserv EMI Network Card will be activated, enabling you to use it for purchases at no cost EMI from any of Bajaj Finserv partner stores. You can also use it to purchase consumer durables from e-commerce platforms such as Amazon, Flipkart, Yatra, MakeMyTrip, and others.
How to Maximise Your Bajaj Finserv EMI Card Benefits
Once you’ve activated your Bajaj Finserv EMI Network Card, there are several ways to maximise its benefits and get the most out of your purchases. Here are some tips:
1. Understand Your Credit Limit:
The first step is to understand your credit limit. Your credit limit is the maximum amount you can spend using the card. It’s important to keep track of your spending and ensure that you don’t exceed your credit limit, as this can result in penalties and fees. Moreover, making payments helps you replenish the limit, allowing you to spend again, if required.
2. Plan Your Purchases:
The Bajaj Finserv EMI Network Card is a great way to make big-ticket purchases more affordable by converting them into EMIs. However, it’s important to plan your purchases in advance and ensure that you have the funds to pay off your EMIs on time. This will help you avoid late payment fees and maintain a good credit score.
3. Look for Special Offers:
Bajaj Finserv, the company that offers the Bajaj Finserv EMI Network Card, often runs special offers and promotions for cardholders. Keep an eye out for these offers, as they can help you save money on your purchases and get better deals. You may even find such offers on partner platforms and online shopping portals.
4. Pay off your dues early at no additional costs
There are no foreclosure charges on the Bajaj Finserv EMI Network Card, and this feature helps it stand out from the competition. In fact, the Bajaj Finserv EMI Network Card charges are nominal, but the nil foreclosure charges are especially notable. This is because it helps you clear your dues sooner, and at no additional costs.
5. Pay Your EMIs on Time:
One of the most important things to keep in mind when using the Bajaj Finserv EMI Card is to pay your EMIs on time. Late payments can result in penalties and fees, and can also negatively impact your credit score. Set up automatic payments or reminders to ensure that you don’t miss a payment.
What are the Bajaj Finserv EMI Network Card charges?
The Bajaj Finserv EMI Network Card comes with certain charges. These are:
- Insta EMI card fee
- Add-on card fees
- Annual fees
- Loan enhancement fees
- Processing fees
- Convenience charges
Aside from these charges, there are no other fees applicable on this EMI Card. Generally, cards usually have some usage-based fees such as mandate rejection charges, penal interest, and statement/document charges.
These do not apply to the Bajaj Finserv EMI Network Card and it is important to read the terms and conditions carefully beforehand. This is true whether you choose to avail this option or any other credit instrument.
Based on this information, the Bajaj Finserv EMI Network Card is a valuable financial tool. Not only does it help make big-ticket purchases affordably, but it helps avoid upfront payments. By following the tips mentioned above, you can maximise the benefits on offer, and save money on your purchases too.
Remember to choose the right EMI plan, keep a check on the charges, and use the card responsibly to avoid any penalties or late fees. With the Bajaj Finserv EMI Network card, you can enjoy the convenience of hassle-free payments and affordable EMIs while making your dreams a reality. So, get your EMI card today and shop affordably.
Cover Photo: BajajFinserv
