The Pros and Cons of Shopping on EMI Without a Credit Card

The Pros and Cons of Shopping on EMI Without a Credit Card

Shopping on EMI without credit card is one of the latest trends in the market. Long gone are the days when people actually used to rely on their credit cards whenever they went out shopping. However, due to the high rate of interest, many people have dropped this payment facility.

Nowadays, the most used card is an EMI (Equated Monthly Installment) card. Although it is offered by very few companies, many people still prefer it over a credit card.

What is an EMI card?

As the term suggests, it is a financial product that allows customers to purchase products on credit and pay them in monthly installments over a fixed period. This card, which is linked to the customer’s credit limit, is usually offered by a few financial institutions. 

With this card, one can easily purchase items such as electronics, appliances, and furniture and, therefore, convert the cost of the purchase into EMIs. The rate of interest charged on the EMIs depends on the card issuer and the repayment tenure chosen by the customer. 

In my personal experience, I availed this card from the Bajaj Finserv application. This is because, after thorough research and hunting all the internet, I saw only this application offers such a card.  

What are the pros and cons of shopping on EMI without credit card?


  • No credit card required

EMI options are typically available to consumers who don’t own a credit card. This can be beneficial for those who prefer to avoid the additional financial responsibility of owning a credit card. 

  • Easy Eligibility

EMI cards may have less stringent requirements compared to traditional credit card options, making them accessible to a broader range of customers. 

  • Payment Flexibility

These cards offer the convenience of spreading out the cost of a purchase over a time period. This helps the customers manage their cash flow and budget more efficiently. 


  • Limited Merchant Options

EMI cards may only be available at a few select merchants. This limits the choices available to the customers.

  • Credit Check may be required

While EMI options may not require a credit card now, some options may still require a credit check. This impacts the credit score of the customer. 

The EMI card is a much better option than a credit card. Hence, they do not have enough cons. Therefore, if you are thinking about getting a credit card to make some necessary purchases today, you need to think again. 

How to avail this card? 

To avail this card, one just has to follow four simple steps. They are:

  1. Download the Bajaj Finserv application.
  2. Once you log in, you’ll see the option for EMI Network Card under the ‘Products for you’ section on the homepage. 
  3. Tap on it and tap on Get it now. 
  4. Enter all the required details.


Without credit card EMI shopping offers greater accessibility and flexibility in payments, giving the potential user a sense of relief and confidence. Moreover, nowadays, most purchasing, especially electronics, is done via EMI only. This has definitely increased the purchasing power of people.