Closing Credit Cards with EMIs: Hidden Charges Explained

Cancelling a credit card with outstanding EMIs doesn't eliminate repayment obligations. Understand the impact on EMIs, foreclosure charges, pending dues, and your credit score before making this decision. Experts clarify the rules and potential hidden charges involved in credit card cancellation.

⚖️ AI Verdict

"Closing a credit card is like breaking up—complicated and with lingering obligations!"

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