Can I use Credit Card to pay my EMIs

Is it possible to use my Credit Card to repay my loan EMIs? I am currently unable to provide for cash in thebank account from which my EMIs are deducted. is it ok to use my credit card to pay my EMIs?

If yes, how do I go about it

  • Abhinav

    Theoretically – Yes you can.

    But ask yourself – do you really want to fund your EMIs from another credit account that may be way too costlier than the current loan? Can you not arrange for funds from an external source to manage this EMI?

  • Rohit

    You can but you should not. APR on Credit cards are much higher than other credit products usually.