ICICI Bank Credit Card Interest Rates in 9 May 2025

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Interest Rates on ICICI Bank Credit Cards

ICICI Bank charges interest when you pay only the minimum amount due or withdraw cash from an ATM against your credit limit. View the annual and monthly interest rates of credit card variants from ICICI Bank available on Bajaj Markets.

Credit Card	Monthly Interest	Annual Interest
ICICI Bank Coral Credit Card	3.4%	40.80%
ICICI Bank Expressions Credit Card	3.4%	40.80%
ICICI Bank HPCL Super Saver Credit Card	3.5%	42%
MakeMyTrip ICICI Bank Platinum Credit Card	3.5%	42%
MakeMyTrip ICICI Bank Signature Credit Card	3.5%	42%
ICICI Bank Manchester United Platinum Credit Card	3.67%	44%
ICICI Bank Manchester United Signature Credit Card	3.67%	44%
ICICI Bank Platinum Chip Credit Card	3.4%	40.80%

Note: These rates may change as per updates in the issuer’s policies.

Instances When Interest Applies to ICICI Bank Credit Cards

It’s important to know the different instances under which interest applies on your credit card. As per the bank’s policies, you have an interest-free grace period of 18 to 48 days to pay the total amount due.

If left unpaid, the remaining balance will be subject to penalty interest charges on a daily basis until the amount is paid in full. Here is when interest applies:

When you only pay the minimum amount due by the due date instead of the total amount due
When you have an unpaid balance and make new transactions, which attract interest, except for fees, GST, and charges
When you withdraw cash from an ATM using an ICICI Bank Credit Card for which interest applies from the date of the transaction until you repay the amount

How to Calculate Interest on the Overdue Balance of ICICI Bank Credit Cards

Being aware of the interest you are likely to incur could help you plan your card payments and credit usage. Keep in mind that GST will also be applicable on the interest charges.

Here’s an illustration to help you understand how interest is charged on ICICI Bank credit cards:

Particulars	Applicable Dates
Statement Cycle	15th to 14th of every month
Statement Generation Date	15th of every month
Payment Due Date	3rd of every month
Payment Due Date (including 3 grace days)	6th of every month
Interest Rate	3.40% per month

Billing Cycle: 15th April to 14th May
Purchases made on 10th April	Total Amount Due (TAD)	Minimum Amount Due (MAD)	Purchase made on 7th May	Payment made on 10th May
₹2,000	₹2,000	₹100	₹800	₹1,500

In your statement dated 15th May, the interest will be calculated as:

Interest on ₹2,000 balance from 10th April to 9th May: ₹67.07
Interest on ₹500 balance (₹2,000 - ₹1,500) from 10th May to 15th May: ₹3.35
Interest on ₹800 balance from 7th May to 15th May: ₹8.05
Total Interest charged = ₹78.47

Note: This example is for illustrative purposes only. Please refer to the MITC document for a detailed understanding of how interest is calculated on credit cards from this issuer.

Other ICICI Bank Credit Card Charges

In addition to the credit card interest rate of ICICI Bank, there are other charges that you need to consider. These are related to facilities like cash withdrawal or spending over your credit limit.

Here is a list of some other charges that apply to credit cards from this issuer:

Fee Type	General Range
Cash Advance Fee	2.50% of the withdrawn amount, with a minimum charge of ₹500
Over-limit Penalty	2.50% of the over-limit amount, with a minimum of ₹550
Foreign Transaction Fee	₹3.50% of the transaction amount
EMI Interest Rates	Up to 18% per annum on reducing balance
Late Payment Fee	Up to ₹1,200 based on the unpaid balance

Note: A Goods & Services Tax (GST) of 18% is applicable on all the charges mentioned above.

Disclaimer: These fees and charges are also subject to change at the discretion of the issuer. Before applying, check the issuer’s Most Important Terms and Conditions (MITC) document to verify.

How to Avoid Paying Interest on ICICI Bank Credit Cards

In case you are unable to repay the full amount due, try to repay the balance as soon as you can. This could help prevent more interest from accumulating on the unpaid dues. Developing health credit habits could help you avoid interest payments on credit card bills.

Some of these include:

Prompt payment of bills by the due date or within the grace period
Planning your credit usage in advance with the necessary funds allocated for repayment
Payment of the total amount due every time instead of only the minimum amount due
Choosing the right billing cycle in accordance with your income stream
Saving the cash advance facility for emergencies only

Disclaimer

Reference of all T&C necessarily refers to the terms of the Partners as regards to pre-approved offers and loan processing time amongst other conditions.

What is the interest rate on an ICICI Bank Credit Card?

The ICICI Bank Credit Card interest rate goes up to 3.67% per month, depending on the card you choose.

What is the interest charged if I miss the due date?

On missing your credit card bill payment due date, you will begin to accrue interest charges on your ICICI Bank Credit Card’s outstanding dues. The maximum rate of interest is 3.67% per month, depending on the card that you own.

Do interest rates on ICICI Bank Credit Cards change frequently?

The ICICI Bank Credit Card interest rate is subject to change from time to time at the discretion of the bank. However, the bank usually does not change the interest rates frequently.

When does ICICI Bank charge interest on credit card transactions?

The ICICI Bank charges interest on the following types of transactions made through your credit card:

If you do not pay the Total Amount Due (TAD) on (or before) the credit card bill payment due date
When you only pay the minimum due amount and carry forward the remaining amount for future billing cycles
If you opt for a cash advance feature or withdraw cash from an ATM using the ICICI Bank Credit Card

Is ICICI Bank Credit Card interest-free?

With an ICICI Bank Credit Card, you do not have to pay interest or finance charges if you clear your dues on time within a timeline of 18 to 48 days. On failing to pay the outstanding amount prior to the due date, the bank will levy interest charges till the date of full repayment.