SBI Flexipay: Convert Your Credit Card Bill into EMI

Credit cards allow you to spend instantly, but repayment can become stressful, especially when large expenses push your monthly budget out of balance. India’s monthly credit card spending exceeds ₹1.72 lakh crore, and outstanding dues have surpassed ₹2.7 lakh crore, resulting in a rise in defaults. With interest rates going as high as 48% annually, even a small delay can turn into a large financial burden.​

SBI FlexiPay helps you avoid this situation by converting significant credit card transactions into manageable EMIs. It allows you to pay gradually instead of settling the entire amount at once, making it suitable for planned purchases as well as unexpected expenses.​

Below is a complete breakdown of how SBI FlexiPay works, how to convert your credit card bill into EMI, applicable interest rates and charges, eligibility criteria, and whether FlexiPay is the right option for you.

Table of Contents

1. What is FlexiPay in SBI Credit Card?
2. SBI Credit Card FlexiPay EMI – How It Works?
3. Benefits of SBI Credit Card FlexiPay
4. SBI FlexiPay Eligibility & Limits
5. How to Convert SBI Credit Card Bill into EMI Using Flexipay
6. SBI FlexiPay: Interest Rates, Fees & Charges Explained
7. Should You Use SBI Flexipay?
8. Conclusion
9. FAQs

What is FlexiPay in SBI Credit Card?

FlexiPay allows SBI Credit Card users to convert eligible purchases into EMIs with repayment tenures ranging from 3 to 24 months, and up to 36 months for statement amounts above ₹30,000.​

Key points:

• Any transaction of ₹200 or more can be converted
• Minimum total EMI booking amount must be ₹2,000
• Processing fee: 1% (maximum ₹2,000)
• The card must be active and not overdue

FlexiPay is useful when you want to distribute a large payment across several months without disturbing your monthly cash flow.​

SBI Credit Card FlexiPay EMI – How It Works

Here’s a simple breakdown of how the SBI Credit Card FlexiPay EMI process works.

Let’s say you bought a ₹30,000 smartphone using your SBI Credit Card.​

Step 1: Book FlexiPay
Within 30 days, log in to your SBI Card account → choose the transaction → select FlexiPay → pick your EMI tenure (say, 12 months) → confirm.​

Step 2: Understanding the Cost

Assume:

• Processing fee = 1% → ₹300
• Interest rate = 15% p.a.

Calculations:

• Interest for 12 months: ₹30,000 × 15% = ₹4,500
• Total payable: ₹30,000 + ₹4,500 = ₹34,500
• Monthly EMI: ₹2,875​

Step 3: EMI Appears on Your Statement
Your first EMI will appear in the next billing cycle. Pay it on time to avoid penalties.​

Step 4: Cancellation or Pre-Closure

• Cancel within 30 days → no charges.
• Cancel after 30 days → 3% charge on the remaining principal.​

Step 5: Interest Adjustment
Interest is calculated on a 30-day basis.

Example:

• If EMI hits in 22 days, you get a refund for excess interest.
• If it hits in 42 days, extra interest will be added.​

Benefits of SBI Credit Card FlexiPay

Some expenses can't wait—your fridge suddenly stops working, your phone screen shatters, a medical bill hits you out of nowhere, or that one-time-only flight deal pops up. But that doesn't mean you should empty your bank account all at once. That's where SBI FlexiPay helps—it lets you split big spends into easy EMIs so that life (and your budget) runs smoothly.​

Here's why it makes sense:

• No More Budget Disruptions
  A sudden ₹30,000 purchase shouldn't mean cutting back on groceries or skipping weekend plans. FlexiPay with an SBI credit card ensures you can make essential (or even indulgent) purchases without your monthly budget going off track. Instead of making tough spending choices, you can balance your expenses with ease.​
   
• Buy Now, Pay Later (BPNL)
  You've had your eye on that premium gadget, but the price tag makes you hesitate. Or maybe an emergency expense showed up at the worst time? SBI credit card FlexiPay allows you to choose your repayment tenure—3, 6, 9, 12, 18, or 24 months (or even 36 months if your credit card bill is above ₹30,000), keeping your finances stress-free.​
   
• Avoid Credit Card Interest Traps
  Letting your credit card bills pile up can lead to interest rates as high as 48% annually, which is basically like paying for your purchase twice! Instead of falling into that trap, the SBI credit card FlexiPay offer lets you pay in structured instalments with a much lower interest rate, helping you manage debt without unnecessary stress.
   
• Quick & Paperless Activation
  Need to convert a transaction into EMI? No long application processes, no bank visits. With the  FlexiPay SBI credit card, you can activate the service instantly through SBI's mobile app, website, or customer care. It's fast, simple, and hassle-free.​
   
• Boost Your Credit Score Without Extra Effort
  A high credit card outstanding amount can drag down your credit score. Converting your big purchases into SBI FlexiPay credit card EMIs keeps your credit utilisation ratio in check, helping you maintain a strong credit profile while managing payments at your own pace.

With SBI credit card FlexiPay, you don't have to delay purchases, stress over lump sum payments, or worry about high interest rates.​

Want to improve your Credit Score? Click on the link to learn the 5 Ways to Improve Your Credit Score.​

SBI FlexiPay Eligibility & Limits

Before you try converting your credit card bill into EMI, make sure you meet the eligibility criteria:​

Basic Eligibility

• Your SBI credit card must be active
• Your account must not be overdue
• Your credit card bill should be ₹2,500 or more
• Individual transaction amount should be 200+
• You must have a good credit history

Who Cannot Apply?

• Add-on cardholders
• Users with blocked cards
• Accounts under delinquency
• Users with an insufficient credit limit

FlexiPay Transaction Limits

• Minimum: ₹200 per transaction
• No upper limit—as long as it is within your card's available credit

A clean repayment history increases your chances of getting lower interest rates.​

How to Convert SBI Credit Card Bill into EMI Using FlexiPay

You can convert your SBI credit card bill into EMI in two ways:​

1. Merchant EMI Conversion (at POS or Online)
This option is available at select shops and e-commerce platforms.

• Choose EMI at checkout (POS machine or online payment page)
• Select your preferred tenure
• No-cost EMI may be available with some merchants
• Only for retail transactions, not cash withdrawals or fuel spends

2. Post-Purchase EMI Conversion (FlexiPay)
You can convert eligible transactions into EMI even after purchase.
Steps:

• Log in to your SBI Card Net Banking
• Go to Benefits → Select Flexipay
• Choose the eligible transaction(s) above ₹200
• Ensure total booking amount is ₹2,000+
• Select tenure (3–36 months)
• Confirm EMI conversion​

SBI FlexiPay: Interest Rates, Fees & Charges Explained

Before you apply, it’s important to understand all costs associated with FlexiPay.​

Charge Type	Amount/Details
Processing Fee (Post-Purchase EMI)	2% of amount (Min ₹99, Max ₹1,000)
Processing Fee (FlexiPay)	1% of EMI amount (max ₹2,000)
Interest Rate – Post Purchase FlexiPay	~22% p.a.
Interest Rate – Merchant EMI	~14% p.a. (varies by merchant)
Minimum Transaction Amount	₹200
Minimum Total Booking Amount	₹2,000
Tenure Options	3, 6, 9, 12, 18, 24, 36 months
Preclosure Fee	3% of remaining principal
Cancellation Fee (if cancelled within 30 days)	₹0
Late Payment Charges	As per SBI Card schedule
GST	Applicable on all fees & interest

Want deeper clarity on how banks calculate interest on unpaid card balances? This Credit Card Interest Rates guide explains the process and ways to reduce interest costs.

Should You Use SBI FlexiPay?

FlexiPay is useful, but only in specific situations.​

Use FlexiPay if:

• You have a large purchase and want to break it into EMIs
• You can repay on time every month
• You want predictable, stable EMI payments
• You want to avoid the high revolving interest (36–42%) on unpaid bills

Avoid FlexiPay if:

• You have cheaper loan options (e.g., personal loans at lower interest)
• You might miss EMI payments (penalties are high)
• You want to convert very small transactions

Verdict:
FlexiPay is best for one-time big purchases where splitting the amount makes your monthly budget easier to manage.​

Conclusion

SBI FlexiPay lets you manage large credit card purchases by breaking them into manageable EMIs, helping you avoid a heavy lump-sum payment and high interest costs. With flexible tenures ranging from 3 to 36 months, quick online activation, and structured repayment, it ensures your budget stays on track while maintaining a healthy credit utilisation ratio.​

However, not all credit cards offer the same EMI options or interest rates, so it’s important to compare different plans before committing. Platforms like Finology Select make it easy to evaluate 90+ credit cards, their FlexiPay features, interest rates, and processing fees, helping you choose the plan that best fits your financial needs.

With SBI FlexiPay, you can enjoy your purchases without the pressure of sudden large expenses, making it a convenient and reliable option for both planned and emergency spending.​

Want to find a card that truly fits your needs? Check the top SBI credit cards along with details on features, fees, and charges.

FAQs

1. Will using SBI FlexiPay affect my credit score?
No, if you pay your FlexiPay EMIs on time, your credit score will remain safe. Timely payments can also improve your credit utilisation ratio.​

2. Can all SBI credit cards use FlexiPay?
Most SBI credit cards support FlexiPay. Eligibility depends on the card type and your credit history.​

3. How does my credit score affect the FlexiPay interest rate?
Higher credit scores get lower interest rates:

• ≤700: 21–22% p.a.
• 701–780: 16–18% p.a.
• 780: 10.5–16% p.a.​

4. Can I convert all transactions into FlexiPay EMI?
No, only transactions above ₹500 and total EMI bookings of ₹2,500+ are eligible. Cash withdrawals and fuel spends cannot be converted.​

5. Will I earn reward points on FlexiPay purchases?
No, reward points are not earned on transactions converted to FlexiPay EMIs. Early closure does not return lost points.​

6. What happens if I miss a FlexiPay EMI?
Late or missed EMIs attract fees and extra interest and can negatively impact your credit score.​

7. How do I activate FlexiPay on my SBI credit card?
You can activate FlexiPay instantly via the SBI Card app, website, or by calling customer care. No paperwork is required.​

8. Can I close my FlexiPay EMI plan early?
Yes, pre-closure is allowed. A 3% fee on the remaining principal applies if closed after 30 days; no charges apply within 30 days.​

9. What is Merchant EMI and how is it different from FlexiPay?
Merchant EMI lets you convert eligible transactions into EMIs at select stores or online platforms at the time of purchase. FlexiPay, on the other hand, allows post-purchase EMI conversion on your SBI credit card.​