I am not well informed on credit cards and banking in general. So please bear with me. I want to purchase an item from an online merchant with monthly EMI scheme. The criteria from the merchant is that I should have a credit card from (HDFC, ICICI, American Express, Citi) banks only. I don't have account in any of these banks. The first two banks provide Instant credit cards whereby if I have fixed deposit (don't have idea about this too) I can obtain the credit card (If I understood correctly).
What might be the charges for the purchase? All I want is to be able to buy the item through EMI scheme (say Rs 10000 Per Month).
Should I go ahead and get the Instant credit card?
What charges might I be incurring for these cards?
After I finish off paying the amount, how should I deal with the credit card?
i.e If I don't do any transactions with i.e not use it, will I have to pay any fees/charges?