ICICI Credit Card Charges and Fees

ICICI Credit Cards Fees And Other Charges

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

ICICI Credit Card Annual Fees

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.

Types of Fees And Charges on ICICI Credit Cards

Credit cards have certain fees and charges applicable along with the benefits. Let's look at the six common ICICI credit card charges:

Charges and Fees of Top ICICI Credit Cards

Here is a list of all fees applicable on the top ICICI credit cards currently available.

There are zero charges for availing supplementary cards of these ICICI credit cards.

Different ICICI Bank Credit Card Charges

Here is a list of all other fees and charges applicable on the ICICI credit cards available now.

How To Avoid Late Fee Charges On ICICI Credit Cards?

• Subscribe to auto-debit service

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.

• Make a list of reminders

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.

• Make an advance payment

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.

• Pay the minimum amount due

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.