Can We Use Bajaj EMI Card as Credit Card?

No, a Bajaj EMI Card is not a credit card, even though it may feel similar while using it.

They solve different problems.

What the Bajaj EMI Card actually is

The Bajaj EMI Card is a pre-approved EMI payment tool offered by Bajaj Finserv.

It allows purchases to be converted into EMIs instantly.

But it does not work like a normal credit card.

There is no free monthly bill cycle here.

How a credit card works differently

A credit card allows:

• Spending first
• Bill generation later
• Interest-free period if paid on time

A Bajaj EMI Card skips that flow.

Purchases are converted into EMIs immediately.

No waiting. No billing cycle.

Where the Bajaj EMI Card can be used

This is the biggest limitation.

The Bajaj EMI Card works only:

• At partner stores
• On approved websites
• For eligible products

It cannot be used everywhere.

A credit card, on the other hand, works almost anywhere cards are accepted.

Does Bajaj EMI Card have a credit limit?

Yes, but it’s not the same as a credit card limit.

The EMI Card has:

• A pre-approved loan limit
• Limit usable only for EMI purchases

It cannot be used for:

• Cash withdrawal
• UPI transfers
• Bill payments

Credit cards allow all of these (with rules).

Is there an interest-free option?

Sometimes.

Bajaj EMI Card often offers:

• No-cost EMI deals

But hidden charges may exist:

• Processing fees
• Card fees
• Insurance add-ons

Credit cards also have fees, but the structure is different.

Impact on credit score

Both affect credit score.

• Bajaj EMI Card usage reflects as loan activity
• Credit card usage reflects as revolving credit

Missed EMIs hurt credit score.

Missed card payments hurt credit score.

Different products. Same consequence.

Why people confuse the two

The confusion comes from:

• Card form factor
• EMI convenience
• Quick approvals

But under the hood, they work very differently.

One is a loan product.

The other is a revolving credit tool.

When Bajaj EMI Card makes sense

Using a Bajaj EMI Card makes sense when:

• EMI is needed instantly
• Partner store is available
• No credit card exists

It’s a shortcut. Not a replacement.

When a credit card is better

A credit card works better for:

• Everyday spending
• Online payments
• Flexible repayment
• Building revolving credit history

More freedom. More responsibility.

FAQ

Is Bajaj EMI Card a credit card?

No, it is a loan-based EMI card.

Can Bajaj EMI Card be used like a credit card?

No, usage is limited to partner merchants.

Does Bajaj EMI Card affect credit score?

Yes, like any loan product.

In short

Bajaj EMI Card is not a credit card.

It is an EMI-based loan tool.

Useful in its place, but not interchangeable.

Still deciding whether an EMI card or credit card fits better for a purchase?