Best American Express® Credit Card EMI Plans

American Express® offers an EMI facility on most of its credit cards, allowing cardholders to convert large purchases into manageable monthly instalments. Whether it's a big-ticket item or an unexpected expense, you can pay off your bill over a period of 3, 6, 9, 12, or 24 months. While interest charges usually apply to EMI plans, certain merchants offer no-cost EMIs, which can help you save on additional costs. Read on to learn more about the American Express® Credit Card EMI eligibility, fees, and how to convert your purchases into instalments.

American Express® Credit Card EMI Eligibility Criteria

The EMI facility is not available on American Express® Charge Cards but is offered on select credit cards. Eligible cards include:

American Express® Platinum ReserveSM Credit Card
American Express® Platinum Travel Credit Card
American Express Membership Rewards® Credit Card
American Express SmartEarn™ Credit Card

To avail of the EMI option, the following eligibility criteria apply:

The transaction amount must be Rs. 5,000 or above.
Purchases of Rs. 3,000 or more on Amazon can also be converted to EMIs.
EMI conversion must be done before the payment due date of the card statement containing the relevant transaction.
Transactions for categories like gold and jewellery are not eligible for EMI conversion.
Eligible cardmembers can convert up to 6 transactions into EMIs, as long as it is within their credit limit.

How to Convert American Express® Credit Card Bill into EMI

You can choose to convert your American Express® credit card bill into EMI either pre-purchase or post-purchase:

Pre-purchase EMI: At the Point of Sale (POS), whether for online or offline shopping, you can opt for EMI conversion. For in-store purchases, request the EMI option before making the purchase. For online shopping, select the EMI option on the SafeKey OTP screen during checkout.
Post-purchase EMI: You can also convert your bill into EMIs after the purchase via SMS, online, or email. To convert through SMS, send the following message from your registered mobile number: EMINOW Transaction Date Merchant Name EMI Tenure <3/6/9/12/18/24> to 5616166. Alternatively, fill out the online form on the official American Express website or email your request to emi@aexp.com.

Points to Remember about American Express® Credit Card EMIs

Here are some key points to keep in mind when converting your American Express® credit card purchase into EMI:

The EMI conversion request is usually completed within 7 to 10 days of placement, and the payable EMI will be reflected on your first credit card statement after conversion.
Once the EMI tenure is selected, it cannot be changed.
Upon selecting the EMI option, your American Express® card’s credit limit will be reduced by the combined principal and total interest amount.
Existing outstanding balances cannot be converted into EMIs, and one EMI plan cannot be transferred to another.
No Membership Rewards® (MR) points are awarded for pre-purchase EMI options at POS, including online purchases. MR points can only be earned on EMI transactions made via American Express® SafeKey and post-purchase EMI conversions.
The EMI amount must be paid in full every month and will always be included in the minimum due payment on the monthly credit statement.
For EMI cancellation in the event of a full refund from the seller, contact American Express® customer care at 1800 419 2122.
If your American Express® Membership is canceled, you must foreclose all EMI plans within 24 hours by contacting customer service.
If you wish to opt out of the EMI option, the request must be made before the payment due date. After cancellation, the remaining principal amount will be added to the revolving balance and will incur credit interest rates.

American Express® Credit Card EMI: Fees & Charges

The fees and charges for American Express® Credit Card EMIs are as follows:

Particulars	Pre-purchase EMIs	Post Purchase EMIs
Processing Fee	Nil	2% of transaction amount
Interest Rate	14% per annum (1.17% per month)	16% per annum (1.33% per month)
Foreclosure Charges	Nil	Nil

Note: EMIs and the interest rates for American Express® Credit Card EMI are subject to change. It is recommended to check the latest EMI plan for your card account before every transaction.