American Express^® EMI Offers

No Cost EMI Terms & Conditions

No Cost EMI

1. No Cost EMI is offered by certain merchants. Under this offer, Cardmember pays only the product price, equally divided over the repayment timeline. No cost EMI is available on select merchants on categories including mobiles, large appliances, laptops and much more. It is applicable on select sellers only. Cardmember can check the availability in the offers section on the product details page of the merchants.
2. Under this offer, American Express will charge full interest along with GST/taxes as applicable from the Cardmember. However, Merchant/Seller will give an instant discount equivalent to the interest chargeable at the time of purchase. Hence, effectively for Cardmember it would be a No Cost EMI. Please refer below illustration to understand No Cost EMI in detail:
3. Here's an illustration of how you can benefit with thisNo Cost EMI Offer (Assumed tenure of 6 Months)

Your collective shopping amount	₹ 12,000
Interest rate chargeable by American Express (14% P.A.)	₹ 495
Instant discount offered by sellers on merchant	₹ 495
Total amount payable by Cardmember (Including Interest charged by American Express)	₹ 12,000
EMI Installment @ 14% P.A.	₹ 2,000/Month

 

No Cost EMI Offer Terms & Conditions

1. This offer is open to select American Express® Credit Cardmembers whose accounts are valid and in good standing. An American Express® Credit Cardmember for the purpose of this offer means a person holding the below mentioned American Express® Credit Card issued in India by American Express® Banking Corp. The offer is applicable to the Cardmembers holding below Cards:
   • The Amazon American Express Credit Card
   • The American Express Air India Credit Card
   • The American Express Gold Credit Card
   • The American Express MakeMyTrip Credit Card
   • The American Express PAYBACK Credit Card
   • The American Express Platinum Reserve Credit Card
   • The American Express Platinum Travel Credit Card
   • The American Express Rewards Credit Card
   • The Jet Airways American Express Platinum Credit Card
   • The American Express Smart Earn Credit Card
2. The offer is not available for American Express® Charge Cards, Corporate and Network Cards.
3. The offer in this program will be fulfilled at the merchant’s end only.
4. The offer would be valid on above mentioned cards issued in India only.
5. This offer is being made purely on a “best effort” basis. Cardmembers are not bound in any manner to participate in this offer and any such participation is purely voluntary.
6. American Express is neither responsible for availability of services nor guarantees the quality of the goods/services and is not liable for any defect or deficiency of goods or services so obtained/availed of by the Cardmembers under this offer. Any disputes with regard to the quality of goods/services availed shall be taken up with the merchant/service establishment directly. American Express shall have no liability whatsoever with regard to the same.
7. American Express shall not be liable whatsoever for any loss/damage/claims that may arise out of use or non-use of any goods or services availed by Cardmember under this offer. American Express reserves its absolute right to withdraw and/or alter any of the terms and conditions of the offer at any time without prior notice.
8. Nothing expressed or implied in the program shall in any way waive or amend any of the terms and conditions of the existing Cardmember agreement with the Card issuer.
9. To receive this offer, purchase should be charged in full to the American Express Card. No cash alternative is available.
10. Any disputes arising out of and in connection with this program shall be subject to the exclusive jurisdiction of the courts in the state of Delhi only.
11. This offer is subject to partner terms and conditions.
12. The offer is applicable only in India on where American Express EMI is enabled.
13. EMI tenure valid for the offer are 6 months only.
14. EMI conversion done post taking the transaction will not be eligible for this offer.
15. Eligible transactions taken on the Supplementary Card and converted into EMI tenure as listed above will also be eligible for this offer.
16. To view the American Express Cardmember EMI Terms & Conditions click here: https://www.americanexpress.com/india/membershiprewards/cardmember_offers/terms.html
17. Cardmembers can, at any point in time, avail up to six transactions for conversion into EMI, subject to availability of credit limit.
18. In case of any query, Cardmember can contact American Express®. Queries related to the offer will be entertained only till 120 days from offer end date.
19. Any eligible EMI transaction cancelled during the offer period will not be eligible for cashback.
20. American Express and merchants reserve the right to add, alter, modify, change or vary all or any of these terms and conditions or replace, wholly or in part, this EMI Scheme by any other scheme, whether similar to this EMI Scheme or not or to withdraw it altogether, without prior notice.
21. American Express reserves its absolute right and discretion to approve or decline any request for EMI. It is further clarified that transactions under certain merchant categories or any other transactions prohibited under law cannot be converted into EMI.
22. Effective March 15, 2020, you will not earn Membership Rewards® points on any EMI option selected from a merchant's website and on any EMI option selected at Merchant's terminal.  At the same time, you would continue to earn Membership Rewards® points on all EMI transactions through American Express® SafeKey and on all EMI conversions done post purchase.
23. Above discounts are applicable only if the transaction is done on Pinelabs’ terminals.
24. These offers can & will be replaced timely. It can be changed or removed without any prior notice from the partner. In such an event the partner or American Express will not be responsible for the same.
25. Customer would need to contact the stores to check the eligible products and offers available with them.