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If you own an ICICI Bank credit card, you can convert eligible transactions into easy EMIs. You can also choose a repayment tenor option that works best for you. You can also use the ICICI Bank credit card EMI calculator to understand EMIs better. ICICI Bank offers two types of EMI conversions - Instant EMIs and EMIs on Call. Keep reading to know more about ICICI Bank credit card EMIs.

ICICI Bank Credit Card 'Instant EMI' Facility

The ICICI Bank Credit Card EMI option offers EMI conversion for online credit card payments, at your request. The bank has tie-ups with top brands across the nation to deliver the best ICICI Bank Credit Card EMI offers.

Key Highlights of the Facility

Here are some of the features and benefits of the ICICI Bank Credit Card’s instant EMI facility:

  • Zero documentation process for EMI conversion on payments made with ICICI Bank Credit Card

  • A minimal of ₹199 processing charges will be charged when you convert credit card transactions to EMI

  • More than 250+ brands associated with ICICI Bank EMI conversion

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

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

  • Budget-friendly interest rates

Tenure

Interest Rate

3 months 

12.99%

6, 9 and 12 months 

13.99%

18 and 24 months 

14.99%

How to Avail Instant EMI Facility

Follow the steps below to enjoy the instant EMI facility from ICICI Bank: 

  • As an ICICI Bank Credit Card holder, you need to request that your transaction be converted into an EMI. 

  • If your credit card account has the required balance, this request will be approved. 

  • The transaction will then be converted into instant ICICI Bank Credit Card EMI automatically. 

  • You can verify the details of this conversion in your credit card statement

ICICI Bank Credit Card ‘EMI on Call’ Facility

You can convert your ICICI Bank Credit Card online payments into EMIs with  just a simple call. You can make lump sum purchases with associated brands and request for EMI conversion on call to avail the best ICICI Bank Credit Card EMI offers on partnered brands.

Key Highlights of the Facility

Here are some of the features and benefits of the ‘EMI on Call’ facility: 

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

  • Zero documentation is required for EMI conversion in ICICI Bank Credit Card

  • More than 250+ brands are associated with ICICI Bank EMI conversion

  • Opt for flexible tenures of 3, 6, 9, 12, 18 and 24 months.

  • You can opt for ICICI Bank EMI conversion on the minimal amount of ₹1,500 to a maximum amount of ₹10 Lakhs via mobile app, customer care, OTP, etc

  • Cash transactions on gold, fuel, and jewellery purchases are excluded from EMI conversion 

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

How to Avail EMI on Call Facility

You can avail the ‘EMI on Call’ facility in any one of three ways — via internet banking, through the iMobile pay app or through a phone call. Check out the details below. 

1. Via Internet Banking

  • Log into your ICICI Bank internet banking account.

  • Under the ‘Cards and Loans’ section, find the Credit Cards segment and click on the ‘Convert to EMI’ option. 

  • Choose your credit card and click on ‘Submit’ to proceed. 

  • Then, select the transaction that you wish to convert to an EMI. 

  • Click on the ‘Calculate EMI’ option, select the EMI payment tenure and agree to the terms and conditions. 

  • Select the ‘Convert to EMI’ option to complete the process and avail the ‘EMI on Call’ facility. 

2. Through the iMobile App

  • Log into your ICICI Bank iMobile app. 

  • Select your credit card from the ‘Cards’ section. 

  • Find the relevant transaction in the ‘Recent Transactions’ section.

  • Click on the ‘Convert to EMI’ option for that transaction.

  • Choose a repayment tenure that is convenient for you and click on ‘Submit’ to complete the process. 

3. By Placing a Phone Call

You can call the ICICI Bank customer care number 1860 120 7777 or give a missed call on 9537667667. Ensure that you use your registered mobile number only. You will receive a callback from the bank’s representative within 2 working days. 

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ICICI Bank Credit Card EMI Calculator

ICICI Bank Credit Card EMI conversion calculator will help you plan and manage your budget. The ICICI Bank Credit Cards considers purchase amount (principal amount), tenure and the interest rate to evaluate the EMI repayment module.

 

To calculate your monthly EMI using the ICICI Bank Credit Card EMI calculator, you will have to follow these steps:

  • Open https://www.icicibank.com/calculator/personal-loan-emi-calculator.page

  • Enter the amount, tenure and interest rate

  • The EMI amount will be displayed on the screen.

What are the Benefits of ICICI Bank Credit Card EMI?

There are many benefits of ICICI Bank Credit Card EMI. Some of them are listed below. 

  • Flexible Repayment Module - The ICICI Bank Credit Card EMI offers a flexible repayment system according to a budget and tenure decided by you.

  • Lower Interest Rates - ICICI Bank offers lower interest rates on EMI bill payments to ease out your financial burden.

  • Zero Documentation - You can get the ICICI Bank Credit Card EMI conversion done easily without any documentation.

  • Minimal Processing Fees - You will have to pay minimal processing charges to convert your online payments into ICICI Bank Credit Card EMI. The charges are negligible to avoid strain on your monthly budget.

  • Amazing Offers - ICICI Bank has partnered with various top brands that offer lucrative discounts, vouchers and cashbacks on ICICI Bank Credit Card EMI conversion.

ICICI Bank Credit Card EMI Charges

Here are the ICICI Bank Credit Card EMI charges that you will have to pay:

Processing Charges

2%

Post-Purchase Interest

15.96% p.a.

Interest on Merchant

13.99% p.a (variable)

How to Avail ICICI Bank Credit Card EMI

You can avail of ICICI Bank credit card EMI conversion facility via following methods:

1. 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 Bank EMI conversion facility

2. iMobile App

  • Log into your account in ICICI Bank 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 Bank EMI conversion

  • As the next step, select the tenure for EMI

  • Click to submit to initiate the ICICI Bank EMI conversion facility       

3. Customer Care Services

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

  • You can also contact on this number 9537667667 to initiate the ICICI Bank Credit Card EMI conversion request.

 

The customer care executives generally respond within 48 hours of placing the request and will guide you through the entire procedure.

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Points to Remember While Converting your Transactions into EMI

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

  • ICICI Bank Credit Card EMI conversion facility is not applicable on jewellery, gold and fuel purchases

  • Your credit limit will be blocked until the EMI repayment is completed

  • In case, you wish to opt for foreclosure of the EMI repayment, you will have to pay some foreclosure charges

  • Transactions worth ₹3,000 or more are only eligible for ICICI Bank Credit Card EMI conversion

FAQs on ICICI Bank Credit Card EMI Conversion

Are there any foreclosure charges on ICICI Bank Credit Card EMI conversion?

Yes, foreclosure charges may be applicable if you choose to close your EMI prematurely. 

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

You can cancel your ICICI Bank Credit Card EMI conversion request within 15 days by contacting the customer care services.

Can I convert all my transactions into an ICICI Bank Credit Card EMI facility?

You can convert all the online transactions worth ₹3,000 or more into ICICI Bank Credit Card EMI facility. However fuel, gold and jewellery related transactions are excluded from this facility.

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

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

What is the minimum interest rate charged on the ICICI Bank Credit Card EMI conversion facility?

You will have to pay a minimum of 1.33% interest per month on the ICICI Bank Credit Card EMI conversion

What is my EMI payment billing date?

When you convert a transaction into EMIs, the EMI payment billing date will depend on the terms and condition of your ICICI Bank Credit Card. Typically, this will be the same as your regular credit card billing date. 

Will my EMI-converted transaction be eligible for rewards?

No, ICICI Bank Credit Card EMI transactions will not be eligible for rewards. 

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