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Buy that High-End Mobile Phone this Dusshera using your Credit Card

4 MinsOctober 04, 2019

This Dusshera season is a good time to buy the phone of your choice, with retailers and e-commerce players showcasing their latest models

Mobile phones are an integral part of our lives. We use them for pretty much everything from socializing to checking emails to making presentations to playing games and watching movies. Who would have thought that one day we would have phones that come with 8GB RAM and 256 GB storage or a battery that runs for two days?

Price is an important factor to consider when buying a high-end mobile phone. Often leading to the question: Should we buy a premium phone that costs upwards of Rs. 50,000 or a cheaper one because we can’t afford the high-end model right now?

high end mobile

Price v/s utility
Before you make a decision consider this scenario. You are making an important video call with your client. When you are in the middle of an important discussion point, the phone hangs up. You are frustrated and curse the phone but there’s nothing much that you can do.

When your phone runs your whole life, why would you compromise on phone quality? Also look at the cost of the phone slightly differently. According to a 2018 report by App Annie, an analytics company, Indians spend an average of three hours on their phone daily. If you fall in that category of users, consider this.

Assume you will keep this high-end phone for two years. That’s 730 days. Using the phone daily for three hours works out to 730*3= 2,190 hours. Every hour you use this phone, it will cost you 50000/2190= Rs 22.83. That’s barely anything.

Use your credit card smartly

If you can’t afford the entire payment for a high-end phone, you can use your Axis Bank Credit Card to buy the phone and make payments on Equated Monthly Instalment (EMI) on the card.

Let’s face it: Good phones are expensive. That doesn’t mean you shouldn’t own them or should have to wait for them until you have saved up enough. Instead, an affordable option to explore is to break your payments into easy instalments that you can pay off monthly.

That’s exactly what you should do with your Axis Bank Credit Card. Convert your high-end phone purchase into an EMI option and go get that phone you wanted. Some advantages of buying a premium phone on EMI are:

1. You don’t have to wait until you save the whole amount.

2. Your bank balance will suddenly not have a phone-shaped hole in it.

3. You can choose the time duration that you want the EMIs for. It can be as short as three months or as long as 36 months.

4. You don’t need documentation for this either. You don’t have any processing fees for this.

5. Axis Bank often has tie-ups with phone brands or online/offline retailers that come with great deals.

So, don’t let price stand in the way of utility and excellence. Go get that phone on EMI!

Axis Bank Credit Cards offer a hassle-free way to buy the smart phone of your choice on EMIs. These EMIs come at an attractive interest rate and flexible tenures to suit your budgets. What’s more, with an Axis Bank Credit Card you can even avail of attractive offers on an array of smartphone brands.

With Axis Bank's Credit Card EMI Calculator, you can plan your monthly installments easily.

[Also Read: How To Apply For A Credit Card Online And Enjoy Best Deal ]

Disclaimer: This article has been authored by The Source, a Mumbai-based content creation and curation firm. Axis Bank does not influence views of the author in any way. Axis Bank and The Source shall not be responsible for any direct / indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information. Please consult your financial advisor before making any financial decision.