Convert SBI Credit Card Bill to EMI

Convert SBI Credit Card Bill to EMI

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Convert SBI Card Bill to EMI

Having a credit card provides immense freedom when it comes to making payments since it does away with the need of carrying physical currency around as we shop. However, there are times when credit card holders shy away from making big purchases on their credit cards for the fear that it will raise their credit card balance and possibly impact their credit score in the long run.

However, if you are an SBI credit card holder, this dilemma can be easily resolved by paying off your SBI credit card bill not in a single go but over multiple installments at your own convenience. This allows you to make those big ticket purchases you need right now without having to worry about racking up a large SBI Bank Credit Card bill in the future. Here’s what you need to know:

SBI Flexipay - Convert SBI Credit Card Bill Into EMI

All existing SBI cardholders are provided the option to convert their big ticket purchases into easy, equated monthly installments, also known as EMIs. This feature is known as the SBI Flexipay and allows you to buy big ticket items and make large purchases by paying over a course of a few months instead of having to pay off your SBI credit card bill at once. As your payment is broken down into smaller SBI credit card EMIs, they become smaller and more convenient to pay on a regular basis.

Here are some of the most important features of SBI Flexipay:

  • Your purchases can be broken down into installments as low as Rs 52 per Rs 1000 spent

  • You can pay EMIs over a variety of repayment periods ranging from 6 to 24 months

  • You can convert your transaction into SBI card EMIs within 30 days of purchase

  • Any transaction of Rs 500 or higher can be eligible for SBI Bank Card EMI

  • The minimum booking amount is Rs 2500

  • Flexipay EMIs will be billed as part of your monthly credit card statements

How to avail SBI Credit Card EMI

If you are a current SBI credit card holder, you can opt for one of these options to convert your SBI credit card bill to EMIs:

1. At Point of Sale:

With this method, you can simply opt for the EMI conversion of your SBI bank credit card bill while making the retail purchase. Keep in mind that this option can only be availed through specific merchants. If you wish to choose this option while online shopping, you can simply select the option of ‘paying through EMI’ at the time of checkout.

2. After Making the Purchase:

You can also avail the option of converting your SBI credit card bill to EMI within 30 days of making the big ticket purchase. Here are the steps you must follow:

  • Log in to your online SBI card account.

  • Under the ‘Benefits’ section on the left-hand side, click on ‘Flexipay’.

  • Select the purchase you want to convert into EMIs (Note: it must be worth Rs 500 or above).

  • Check that the total booking amount is above or equal to Rs 2500.

  • Select your choice of repayment tenure

  • Confirm booking

3. Through Helpline Number:

You can also avail EMI conversion on SBI card bill by calling one of the following SBI card helpline numbers and booking Flexipay:

  • 1860 180 1290

  • 39 02 02 02 (with the prefix being the local STD code)

Once placed, your request for SBI card bill EMI conversion can take up to 5 working days. As an SBI credit card holder, you will receive the confirmation update for your EMI conversion via SMS on your registered number.

It is important to note that the EMI conversion provides various options, takes into account several factors, and also charges a few different types of fees. Here is a detailed breakdown of these details regarding EMI conversion on SBI credit card bill:



One-Time Processing Fee

2% (Min. Rs. 249 | Max. Rs. 1,500)


22% p.a., or as per applicable offer

Repayment Tenures

6, 9, 12 0r 24 months

Minimum Transaction

Rs 500

Minimum Booking

Rs 2500

Cancellation Fee

3%of the outstanding principal amount

Benefits & Drawbacks of SBI Credit Card EMI Flexipay

When it comes to EMI conversion, various considerations might be helpful to keep in mind. The process of converting your SBI credit card bill to EMI might be helpful in certain ways, but not so beneficial in others. To that end, here are a few benefits as well as drawbacks of SBI Credit Card EMI Flexipay:

Benefits of SBI Credit Card EMI Flexipay

  • The greatest benefit of converting your SBI card bill into EMI is that it helps defer your payment. Even if you are unable to make a large, necessary purchase, you can do so over several months by using the Flexipay feature.

  • EMI conversion also keeps you from experiencing a sudden financial strain by stretching a large payment over much more doable monthly payments.

  • Certain merchants and portals allow credit card holders to make No-Cost EMI payments with their SBI credit cards. This feature helps do away with interest as well as processing fees on your purchases.

Drawbacks of SBI Credit Card EMI Flexipay

  • The conversion of the SBI credit card bill to EMI is accompanied by the interest charged at 22% per annum. Therefore, in the case of long repayment tenures, the interest rate can be quite substantial.

  • If you opt for EMI conversion, your purchased amount gets blocked against your credit limit. This block is only lifted when you pay the EMI amount for that month.

Frequently Asked Questions about Converting SBI Credit Card Bill to EMI

  • ✔️What is Flexipay?

    Flexipay is a feature available to all existing SBI Credit card holders whereby they can pay off any large ticket purchases in simple, regular EMIs. Cardholders who wish to avail the feature of Flexipay can do so within 30 days of making the purchase and have a choice of repayment tenures of 6, 9, 12, or 24 months.

  • ✔️Can we convert SBI credit card bills into EMI?

    Yes, your SBI credit card bills can be easily converted into EMI via Flexipay. You can convert your purchases into EMI within 30 days of transactions and the resulting EMIs will reflect monthly on your credit card statements.

  • ✔️How does EMI work on SBI Credit Card?

    Any purchases made above Rs 500 with an SBI Credit Card can be converted into easy EMIs by availing the feature of SBI Flexipay. The conversion process accrues an annual interest rate of 22% and a processing fee of 3% is also levied. If you are looking to apply for credit card then Finserv MARKETS is the best place for you!