Bajaj Insta EMI Card is a unique financial aid that empowers you to buy your dream products on easy and flexible EMI options. With this card in your wallet, you can buy products on EMI and enjoy the convenience of paying in installments. A Bajaj Insta EMI Card is a credit card that allows you to leverage a pre-approved loan amount to buy products and pay in installments. It is a great option for those who wish to avoid the trouble of taking a personal loan. With this card, you can buy your favorite products on EMI without disturbing your existing budget.
However, it is important to note that the limit of your Bajaj Insta EMI Card is not an infinite amount of money that you can spend at once. This is a common misconception among people who think that they can splurge on shopping and other expenses just because they have the card. Your Bajaj Insta EMI Card limit comes with certain clauses and requires your understanding to optimize it suitably. Here are some tips on how to optimize the card limit and make the most of its benefits:
1) Understand the Limit First
The first thing to do when you receive your Bajaj Insta EMI Card is to understand the limit, which is the maximum amount you can spend on purchases. Your Insta EMI card limit is based on your credit history and credit score. The higher your credit score and the better your credit history, the higher the limit. Usually, the limit is pre-approved, so you do not have to go through a separate approval process. The limit is not fixed and can be changed based on your repayment history.
2) Don’t Use the Entire Limit
Just because you have a high Bajaj Insta EMI Card limit does not mean that you need to use it all at once. It would be best if you used the card judiciously, keeping in mind your repayment capacity. The higher the amount you borrow, the higher the interest rate you will be charged. Therefore, it is advised that you exercise prudence in your spending and ensure that you only purchase what you can pay back.
3) Make Note of Your Monthly Instalments
Before you purchase anything on EMI, make sure you understand the monthly installment amount and how much you will have to pay back over time. It is important to calculate how much interest you would be paying on the purchase. Avoid buying on a higher interest rate and try to compare rates with other financing options before making a purchase.
4) Plan Purchases on EMI
It is better to plan your purchases on EMI and avoid impulse buying. If possible, make a list of things you want to buy and prioritize them according to needs. Try to buy things that are essential and not frivolous. For example, if you are passionate about music and want to learn piano, it would be prudent to research good deals on pianos that are available on EMI options. You can invest in a good piano on EMI and start learning it at your pace. This way, you can fulfill your desire to learn playing the piano while spreading the cost over a period of time.
5) Keep Your Card Active
Ensure that you keep your Bajaj Insta EMI Card active by using it for purchases. It is important to keep your credit score in check, and using the card responsibly can help. Try to pay the instalments on time, and if possible, pay off the entire amount before the due date. This will help to keep your credit score in good standing and increase your chances of getting a higher limit.
In conclusion, a Bajaj Insta EMI Card is a convenient option to fulfill your desires and needs without putting undue stress on your budget. However, it is important to understand its limitations and plan your purchases wisely. Whether you want to purchase a musical instrument like piano on EMI or anything else, optimize your Bajaj Insta EMI Card limit to get the best out of it. With proper planning and management of your finances, you can enjoy the benefits of EMI options without worrying about going over budget. Bajaj Insta EMI card has a lot to offer and will help you purchase items of your choice with a lot of flexibility.