As Diwali shopping gains momentum, banks and e-platforms launch glittering offers to coax people into making more swipes. From cashbacks to "zero-hidden-cost" EMIs, the period is filled with offers. But though the glitter and lights may allure you, the offers may conceal pitfalls that ultimately hurt your pocket much after the festival is over.

Reality of the 'no EMI' EMIs

The hottest offer is the so-called "no-cost EMI." Sounds like free financing at first, but in most cases, the product costs are higher or the bank charges a processing fee. The interest can be burdensome if you skip just one EMI, making you regret the apparent smart bargain.

Overspending your credit limit

Festive shopping may encourage you to spend to the limit on your card, but this is the red flag that lenders look

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