New Delhi, May 22 -- Converting an outstanding credit card amount into EMI allows borrowers to repay their dues in fixed monthly instalments over a chosen tenure, instead of paying the entire bill at once. Lenders usually charge interest and processing fees on these conversions, with rates varying by issuer and customer credit profile.

The EMI option can be useful for cardholders facing repayment pressure, especially when the outstanding amount is large. Borrowers must also note that failing to make EMI payments on time can lead to late fees, penalties, and a severe negative impact on their credit history.

Paying just the minimum due and converting your credit card bill into EMIs are totally different moves from the lender's point of vi...