ICICI Bank Credit Card Interest Rate

ICICI Bank Credit Card	Interest Rate
ICICI Bank Instant Platinum Credit Card	2.49% per month (29.88% per annum)
ICICI Bank Instant Gold Credit Card	2.49% per month (29.88% per annum)
Fixed Deposit Instant Credit Card	2.49% per month (29.88% per annum)
InterMiles ICICI Bank Credit Card	3.50% per month (42% per annum)
MakeMyTrip ICICI Bank Credit Card	3.50% per month (42% per annum)
ICICI Bank HPCL Super Saver Credit Card	3.50% per month (42% per annum)
Amazon Pay ICICI Bank Credit Card	3.50% per month (42% per annum)
Manchester United Credit Cards by ICICI Bank	3.67% per month (44% per annum)
Emirates Skywards ICICI Bank Emeralde Credit Card	3.67% per month (44% per annum)
Emirates Skywards ICICI Bank Sapphiro Credit Card	3.67% per month (44% per annum)
Emirates Skywards ICICI Bank Rubyx Credit Card	3.67% per month (44% per annum)
All other ICICI Bank Credit Cards	3.40% per month (40.80% per annum)

Disclaimer: The data in the above table is subject to change. Please confirm the interest rates from the official website before proceeding.

What is ICICI Bank Credit Card Interest-Free Period?

The period of time between the date of transaction and the credit card payment due date is known as the interest-free period. The interest-free period on ICICI Bank credit cards can range anywhere from 20 days to up to 50 days. 

 

Now, as long as you pay your outstanding dues within this interest-free period, you won’t have to pay any additional interest or finance charges. However, if you fail to pay your dues in full within the interest-free period, the outstanding dues will start to accrue interest. 

 

Here’s an example to help you better understand how the interest-free period works. 

 

Let’s say that your ICICI Bank credit card bill generation date is on June 23, 2023. The due date for payment of your credit card bill is August 12, 2023. You purchase a product worth ₹10,000 on June 24, 2023. In this case, the interest-free period for your credit card for this purchase would be 50 days (from June 24, 2023 to August 12, 2023).   

 

As long as you clear your dues of ₹10,000 within the interest-free period, i.e. on or before August 12, 2023, interest charges on your ICICI Bank credit card will not be levied. But what if you fail to make the payment on or before the stipulated due date? 

 

In that case, interest applicable for your credit card will be levied for the period starting from the date of transaction to the date of payment of the dues. 

 

That said, here’s something that you need to know. The interest-free period is only made available as long as you clear all your previous month’s dues in full. If there are any unpaid dues from the previous month, the interest-free period will not be granted to you. Instead, the ICICI Bank credit card interest rate will be applied right from the date of transaction to the date of payment of the dues.