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Fast Processing ✓ Great Discounts & Offers ✓ Easy EMI Facility | Apply for Credit Card now!

ICICI Bank Credit Card EMI

ICICI bank has been serving the nation for decades now. The bank offers various services and facilities to credit card account holders to render a hassle-free experience. One can opt for ICICI bank credit card EMI conversion to pay their credit card bills. ICICI EMI conversion helps individuals to manage their expenses within their monthly budget.

To afford luxurious products without exhausting your monthly budget, one can apply for EMI conversion in ICICI credit card via two methods -

Instant EMI

EMI on-call

ICICI Credit Card 'Instant EMI' Facility

ICICI bank offers ICICI credit card EMI option with instant EMI feature. This feature offers EMI conversion on ICICI credit card online payments, on request made by the cardholder. The bank has made tie-ups with top brands across the nation to deliver the best ICICI credit card EMI offers.

Key Highlights of ICICI Instant EMI Credit Card Facility -

  • Zero documentation process for EMI conversion in ICICI credit card

  • A minimal of Rs. 199 processing charges will be charged when the cardholder converts to ICICI EMI in credit card

  • More than 250+ brands associated with ICICI EMI conversion

  • A flexible tenure of 3,6,9,12,18, and 24 month

  • Opt for ICICI EMI conversion on the minimal amount of Rs. 1,500 to a maximum amount of Rs. 10 Lakhs

  • Budget-friendly interest rates

3 months

12.99%

6,9,12 months

13.99%

18 and 24 months

14.99%

ICICI Credit Card ‘EMI on Call’ Facility

Convert to EMI in ICICI credit card online payments in just a simple call. The cardholder can make lump-sum purchases with associated brands and request ICICI EMI conversion on call to avail the best ICICI credit card EMI offers on partnered brands.

Key Highlights of ICICI Credit Card ‘EMI on Call’ Facility

  • A 2% of the processing fees will be charged as ICICI EMI conversion charges

  • Zero documentation process for EMI conversion in ICICI credit card

  • More than 250+ brands associated with ICICI EMI conversion

  • A flexible tenure of 3,6,9,12,18, and 24 months.

  • Opt for ICICI EMI conversion on the minimal amount of Rs. 1,500 to a maximum amount of Rs. 10 Lakhs via mobile app, customer care, OTP, etc

  • Cash transactions on gold, fuel, and jewelry purchases are excluded from EMI conversion in ICICI credit cards

  • Pocket-friendly interest rates at reducing balance calculation basis starting at 1.33%

ICICI Credit Card EMI Calculator

ICICI credit card EMI conversion calculator helps the credit card holder to plan and manage their budget. The EMI calculator for ICICI credit cards considers purchase amount (principal amount), tenure, and interest to evaluate the EMI repayment module.

To calculate your monthly EMI using ICICI CC EMI calculator -

What are the Benefits of ICICI Credit Card EMI?

There are many benefits of ICICI bank credit card EMI conversion -

  • Flexible Repayment Module - The ICICI credit card offers a flexible repayment system according to the budget and tenure decided by the credit cardholder.

  • Lower Interest Rates - ICICI offers lower interest rates in EMI bill payments to ease out the financial burden of the cardholder.

  • Zero Documentation - One can get ICICI EMI conversion easily without any documentation process.

  • Minimal Processing Fees - The cardholder will have minimal processing charges to convert the ICICI credit card amount into EMI. The charges do not strain the monthly budget of the cardholder.

  • Amazing Offers - ICICI has partnered with various top brands that offer lucrative discounts, vouchers, and cashbacks to cardholders on ICICI bank credit card payment EMI conversion.

ICICI Credit Card EMI Charges

There are certain EMI charges on ICICI credit card -

Processing Charges

2%

Post-Purchase Interest

15.96% p.a

Interest on Merchant

13.99% p.a (variable)

What are the Drawbacks of ICICI Credit Card EMI?

Apart from the benefits, there are some drawbacks of ICICI EMI conversion -

  • Credit Limit Blocked:

After the ICICI bank credit card EMI conversion is requested by the cardholder, the credit limit of the cardholder is sealed. The cardholder can access the credit limit after completing the EMI tenure.

  • Lower Credit Score:

Once the credit limit is blocked, the credit utilization becomes higher leading to the low credit score of the cardholder.

How to Avail ICICI Credit Card EMI?

An ICICI credit cardholder can avail of ICICI bank credit card EMI conversion facility via -

  • Net Banking

  • Open the official net banking portal of ICICI bank

  • Log into your net banking account using your credentials

  • Under the credit cards menu, select ‘My Accounts’

  • Click on ‘Convert to EMI’ option

  • Select the credit card, amount, and tenure.

  • Click submit to initiate the ICICI EMI conversion facility

  • iMobile App

  • Log into your account in ICICI iMobile App

  • Select your credit card under the ‘Cards’ section

  • Under the ‘recent transactions’ menu, a list of eligible transactions will be displayed

  • Select the transaction to apply ICICI EMI conversion

  • As the next step, select the tenure for EMI

  • Click to submit to initiate the ICICI EMI conversion facili       

  • Customer Care Services

  • Contact ICICI credit card customer care at 1860-120-7777 to initiate EMI conversion. The care executive will process your ICICI EMI conversion request.

  • The cardholders can also contact on this number 9537667667 to initiate the ICICI EMI conversion request.

The customer care executives generally respond within 48 hours of placing the request and guide the cardholder with the entire procedure.

 Points to Remember While Converting your Transactions into EMI

  • Any transaction older than 30 days is not considered for ICICI EMI conversion

  • ICICI credit card EMI conversion facility is not applicable on jewelry, gold, and fuel purchases

  • The credit limit of the cardholder will be blocked until the EMI repayment is completed

  • In case, the cardholder wishes to opt foreclosure of the EMI repayment, they will have to pay some foreclosure charges

  • Transactions worth Rs. 3,000 or more are only eligible for ICICI credit card EMI conversion

 

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FAQs on ICICI Credit Card EMI Conversion

✔️Are there any foreclosure charges on ICICI credit card EMI conversion?

Yes, there are pre-closure charges applicable. The bank charges 3% on the ICICI credit card outstanding balance ICICI converted to EMI.

✔️Is it possible to cancel my ICICI EMI conversion request?

The cardholders can cancel their ICICI credit card EMI conversion request within 15 days by contacting the customer care services.

✔️Can I convert all my transactions into an ICICI credit card EMI facility?

The cardholder can convert all the online transactions worth Rs. 3,000 or more into ICICI credit card EMI facility, however fuel, gold and jewelry related transactions are excluded from this facility.

✔️What documents are required to opt for the ICICI EMI conversion facility?

There is no documentation required for the ICICI EMI conversion process. 

✔️What is the minimum interest rate charged on the ICICI EMI conversion facility?

The cardholders will have to pay a minimum of 1.33% interest per month on ICICI EMI conversion