Credit cards have become an indispensable financial product for many consumers. Finding the best ICICI credit card for you can be difficult with so many possibilities. It is easy to apply for ICICI credit card. After availing a credit card, you should pay certain fees and charges like joining fees, annual fees, late payment fees, charges of interest, etc.
Let’s check out the ICICI credit card fees and charges for various cards, so that you can find the ideal credit card.
On This Page: ICICI Credit Card Annual Fees | Types of Fees & Charges | ICICI Top Credit Card Fees & Charges | ICICI Credit Card Charges | Avoid Late Charges | FAQ
To keep your account open, the credit card issuer charges an amount each year as annual fees. The amount deducted from your account as the annual fee, provides you the benefits that come with your credit card. If the annual fee is higher, then more will be the credit card benefits.
You will pay the annual fee as a one-time charge on your credit card during a specified month of the year. This could be on the card's anniversary day or at the start of the calendar year. Some credit card issuers charge the fees monthly and some annually.
The credit card issuer is legally required to disclose all annual fees at the time of application itself.
Annual fees are not included in any interest payments you may make on your account. Whether or not you have a balance on your card, they will be charged.
Credit cards have certain fees and charges applicable along with the benefits. Let's look at the six common ICICI credit card charges:
Type of fees and charges |
Description |
Basic charges |
Joining fees |
The membership fee you pay as a one-time cost of ownership. An annual fee is frequently added after the membership fee. ICICI Bank does not charge an annual fee for the first year. |
Rs. 500 + GST |
Charges of Interest |
If you are unable to pay the entire amount by the due date, interest charges will be levied on all new transactions and outstanding dues. |
3.40% onwards |
Late payment fees |
If you are unable to pay the full amount due, the bank will declare a minimal amount to be paid. ICICI bank will charge you a late payment fee if you do not pay the minimum amount. |
|
International transactions fees |
An additional transaction cost is charged for each swipe on your card in a foreign nation. It is charged as a percentage of the transaction amount. ICICI credit card international transaction charges are one of the lowest in the market.
|
3. 50% onwards |
Over-limit charges |
If you spend more than the credit limit, the bank will charge you an over-the-limit fee. |
2.50% |
Here is a list of all fees applicable on the top ICICI credit cards currently available.
ICICI Bank Card Variant |
Joining Fee (1st year) |
Annual Fee (1st year) |
Annual Fee (2nd year onwards) |
ICICI Bank British Airways Classic Credit Card Account |
— |
Rs. 3500 |
Rs. 3500 |
ICICI Bank Signature Credit Card |
Rs. 25000 |
— |
Rs. 2000 |
ICICI Bank British Airways Premium Credit Card Account |
— |
Rs. 7000 |
Rs. 7000 |
ICICI Bank Singapore Airlines VISA Platinum Credit Card |
— |
Rs. 6000 |
Rs. 6000 |
ICICI Bank Kingfisher Airlines MasterCard World Credit Card |
— |
Rs. 5000 |
Rs. 2500 |
ICICI Bank Kingfisher Airlines MasterCard Platinum Credit Card |
— |
Rs. 2000 |
Rs. 1000 |
ICICI Bank Ascent American Express (R) Credit Card |
Rs. 4000 |
— |
Rs. 1000 |
ICICI Bank HPCL Titanium Credit Card |
— |
Rs. 500 |
Rs. 500 |
ICICI Bank Kingfisher Airlines MasterCard Titanium Credit Card |
— |
Rs. 500 |
Rs. 500 |
ICICI Bank HPCL Platinum Credit Card |
— |
Rs. 500 |
Rs. 500 |
ICICI Bank American Express Gold Credit Card |
— |
Rs. 499 |
Rs. 499 |
ICICI Bank Platinum Identity Credit Card |
Rs. 2000 |
— |
Rs. 750 |
There are zero charges for availing supplementary cards of these ICICI credit cards.
Here is a list of all other fees and charges applicable on the ICICI credit cards available now.
Fees and charges |
Description |
Cash advance – transaction fee |
2.50% on advanced amount on all cards, subject to a minimum of Rs. 300. |
Late payment charges |
30% of minimum amount due |
Return of cheque |
Rs. 250 per returned cheque |
Over-limit charges |
2.50% on the over-limit amount |
Card replacement fee |
Rs. 100 |
Fee on cash payment at branches |
Rs. 100 per payment transaction |
Dial-a-draft – transaction fee |
3% of the draft value amount on all cards, subject to a minimum of Rs. 300 |
Outstation cheque processing fee |
1% of the cheque value, subject to a minimum of Rs. 100 |
Duplicate statement request |
Rs. 100 |
Foreign currency transactions |
Mark-up of 3.50% |
Cheque or Cash pick-up fee |
Rs. 100/pick-up |
Auto-Debit return fee |
Rs. 250/Auto-Debit return |
Charge slip request |
Rs. 100/charge slip |
If you subscribe to an auto-debit service provided by ICICI Bank, they will deduct funds from a cardholder's account on a predetermined date. If you enrol in this autopay service, the risk of missing a payment deadline will be reduced. For the auto-debit to take place, you have to keep enough money in the bank account.
Another technique to remember credit due dates is to set calendar reminders and internet alerts for at least four to five days before the due date. These alerts and reminders will warn you and also allow you to avoid late payments.
While choosing a payment option, it is important to think about the processing time. Online payments take a few hours to one day for clearing. Cash payment at a bank branch, usually costs an amount as service charge though the payment will be reflected more quickly.
The time it takes for a payment to appear on a credit card account varies depending on the payment option. As a result, making the payment ahead of time is critical to prevent missing the deadline.
If you are unable to pay the whole amount on the due date, you should pay at least the minimum amount due fixed by the bank. This will help you avoid late payment fees. In addition to this, you can avoid paying a higher interest rate.
A credit card does not have to be expensive but using one for free demands discipline. Choosing a credit card with no annual fee is the first step toward avoiding credit card charges. There are no yearly fees with the Amazon Pay ICICI Credit Card.
The most typical ICICI credit card fees are joining fee, annual fee, cash advances fee, balance transfer fee, late payment fees and foreign currency transactions charges.
You will have to pay a late fee if you pay your bill after the due date. The late fee would be charged by the bank in your next credit card bill. ICICI credit card late payment charge is 30% of the minimum amount due.
A cash advance is where you use your credit card to withdraw cash. Every bank charges a particular percentage of the amount withdrawn as the cash advance fee.
Yes. It is 30% of the minimum amount due.
Yes. The over limit charges for ICICI credit card is 2.50% of the over-limit amount.
Yes. ICICI credit card EMI charge is 1.33% per month on a monthly reducing balance basis.