ICICI Bank offers multiple credit card types that can offer you access to benefits related to dining, entertainment, shopping, and travel. If you are a foodie, movie buff, traveller, or indulgent shopper, you can take your pick from this wide range. In addition to this, you may also enjoy benefits like reward points, discounts, cashback, and other offers.
To apply for an ICICI Bank Credit Card, you'll need to meet certain eligibility requirements. These can vary depending on the specific card you're interested in, but here's a general overview:
Age: Typically, you must be between 18 and 65 years old. Some cards might have a slightly higher minimum age limit.
Citizenship: The cards are primarily for Indian citizens and residents.
Income: There's a minimum annual income requirement, ranging from Rs. 1 lakh to Rs. 3 lakh or more depending on the card.
Employment: Salaried individuals with a stable income are generally preferred. However, some cards cater to self-employed or business owners with proof of income stability.
Credit History (CIBIL Score): A good credit history, reflected in your CIBIL score (ideally above 750), is crucial. A higher score increases your approval chances and qualifies you for better cards with higher limits and rewards.
When applying for an ICICI Bank Credit Card, you'll typically need to submit the following documents:
Mandatory Documents:
Completed application form
Passport-sized photograph
Proof of Identity (Any one):
PAN Card (most common)
Aadhaar Card (alternative to PAN)
Passport (if no PAN or Aadhaar)
Driving License (in some cases)
Proof of Address (Any one):
Utility bills (electricity, water, phone) not older than 3 months with your address clearly visible.
Ration Card (might be accepted by some banks)
Passport (if the address is mentioned)
Driving License (if address is mentioned)
Aadhaar Card (if the address is updated)
Proof of Income (May vary depending on employment):
Salaried individuals: Latest payslips (2-3 months) showing salary and employer details
Self-employed individuals: Income Tax Returns (ITR) for the past 2-3 years along with bank statements reflecting income
Form 16 (if available)
To apply for an ICICI Bank Credit Card online, follow the below-mentioned steps:
Click on 'Apply Now’
Input essential details like phone number, birth date, and profession
Proceed by clicking 'Next’
Verify the OTP sent to your registered phone number
Furnish KYC details such as PAN Card, email, residence PIN code, and income
Choose your desired ICICI Bank Credit Card
Finalise your application by providing the necessary employment and personal information
To pay your ICICI Bank Credit Card bill, you can use netbanking, iMobile Pay app, Visa Money Transfer, Scan to Pay, Auto debit, Click to Pay, NEFT, IMPS, BillDesk, cheque, or cash to pay.
In case your ICICI Bank Credit Card application gets rejected, you should wait for at least 3 months before reapplying. In the meantime, you should work on improving your credit profile and increasing your credit score.
The interest charged on ICICI Bank Credit Cards varies from 3.50% - 3.67%. For instance, for co-branded cards like InterMiles, MMT, HPCL, and Amazon Pay, a monthly interest of 3.50% is chargeable. However, the monthly interest charged is 3.67% on cards like the Manchester United, Emirates Skywards, Emeralde, Sapphiro, and Rubyx Credit Card.
ICICI Bank offers a lot of different types of credit cards. The first thing you need to do is analyse your budget and monthly expenditure. You have to look through all your expenses and see where you tend to spend the most. After that, check all the available credit card options and select the one that suits your spending habits. Look through their charges, benefits, and fees before you decide on a card.
To activate your ICICI Bank Credit Card, you can log into your netbanking account. Under the ‘Credit Cards’ tab, you need to go to the ‘Generate Credit Card PIN Online’ option to locate your activation PIN. You can also activate your card by visiting the nearest ICICI Bank ATM. Here, the activation will be OTP-based.
If you need more assistance, you can always call ICICI Bank’s credit card customer care number or visit the nearest bank branch. In both these cases, the bank’s representative will guide you through the activation process, making it hassle-free.
ICICI Bank Credit Card charges and fees depend on the type of card you pick. Nonetheless, all ICICI Bank Credit Card holders have to pay certain common charges. These charges include joining and renewal fees, finance expenses, late and over-limit penalties, cash payment fees, foreign transaction charges, and others.