There can be several reasons why your card may not be eligible for debit card EMI. Some of the common reasons are:
- Insufficient credit limit: The bank or financial institution may have set a minimum credit limit for availing EMI facility. If your card’s credit limit is below that limit, then your card may not be eligible for EMI.
- Credit score: The bank or financial institution may check your credit score before offering you the EMI facility. If your credit score is low, then your card may not be eligible for EMI.
- Repayment history: Your repayment history is also an important factor that is considered while offering EMI. If you have a history of defaulting on payments or have a high outstanding balance, then your card may not be eligible for EMI.
- Card type: Not all debit cards are eligible for EMI. The bank or financial institution may have specified certain card types that are eligible for EMI.
- Merchant tie-ups: EMI facility may be available only at specific merchants or for specific products. If you are trying to avail EMI for a product that is not eligible for EMI, then your card may not be eligible.
It’s best to check with your bank or financial institution for the specific reasons why your card is not eligible for debit card EMI. They will be able to provide you with more information and guidance on how to become eligible for EMI in the future.