8. EMI on Total Billed Balance
8.1 To convert your latest Credit Card statement balance into EMI, SMS "AMEXCCBILL" << Last 5 digits of Card>> EMI tenure << 3/6/9/12/18/24 >> to 5616166 from registered cellphone number, chat with us via the Amex app or call the number at the back of your Card.
You can also submit the request online via https://go.amex/emibb Log in using your User ID and password, select the Card and the desired EMI tenure, then proceed to submit.
8.2 EMI conversion will be allowed only on total billed outstanding balance for eligible cardmembers. Any balance that is outstanding however, unbilled, will not be considered for EMI conversion.
8.3 The Cardmember is required to pay the minimum amount due by the due date as shown in the Statement of Account
In case the Cardmember has made a payment on the account prior to raising the request for EMI, which is higher than the minimum amount due then the same will get adjusted from the principal amount for EMI
Any payment/s made post raising the EMI request shall not be adjusted from the principal amount for EMI and shall be adjusted towards the next statement balance
8.4 Cardmember account should not be overdue & complete outstanding balance for the previous Statement of Account should have been paid in full
8.5 Billed Balance EMI conversion request will be declined if there are any active EMIs on the card
8.6 Jewellery transactions will not be eligible for EMI conversion & Cardmember is expected to pay any such charge in full
8.7 A one time processing fee of 2% + GST will be applicable on the balance converted into EMI
8.8 An interest of 14% + GST per annum will be charged on the balance converted into EMI
8.9 Processing fee & interest rates are subject to change at the discretion of the bank. However, such changes will not apply/effect previously converted EMIs on the account
8.10 Only purchases done on the Card will be eligible for EMI conversion. All other charges such as Annual Fees, Late payment fees, convenience fees, etc. will not be eligible for EMI conversion and will have to be paid as per prevalent Terms and Conditions & Cardmember Agreement
8.11 The EMI conversion request should be made within 10 days of statement generation. Please note, if the request is received post 10 days or near the payment due date, you may be levied with applicable Interest charges on account of complete payment not being received by the due date, since EMI conversion takes up to 7-10 working days.