Icici bank credit card Offer : Free for lifetime

icici bank credit card which is offered by Icici bank ltd which also offers Car loans, Personal loans, Current, and savings accounts are some of the most popular financial products to help customers build long-term financial plans. To cater to their customer base, many banks have come up with a variety of banking services. One such bank is ICICI Bank, which recently launched its new credit card – the ICICI Bank Credit Card. Read on to know more about the offer from ICICI Credit Card.

The Indian banking sector is growing at a rapid pace, and that has created an opportunity for the country’s private banks to cash in on this growth. With online banking and digital payment becoming more popular than ever, it has become extremely important for banks to also offer their customers a wide range of financial and non-financial services.

ICICI Bank Credit Card Application Process

In order to apply for the ICICI Bank Credit Card, you need to visit the application page on the bank’s website and fill in the required details such as personal information like name, address, phone number, and email ID. You can also upload your photograph, signature, and PAN. Once you have submitted all the required information, the bank will conduct a financial and KYC assessment of you. However, you will not get the card immediately since your information will be verified. Once the details are verified, you will receive a mail from the bank asking you to activate the card and start using it immediately.

ICICI Bank Credit Card Eligibility

Since this is a credit card, you need to have a good credit score to be eligible to apply for the card. To be eligible for the card, you will need to be at least 18 years old and a resident of India. You can also apply if you are a minor but then you will have to get your parent/guardian to complete the application form as an authorized user.

ICICI Bank Credit Card Benefits

Disclaimer – These are the benefits offered by ICICI Bank credit card but other banks may have different benefits. You will have to check with your bank for details. – Zero percent balance transfer for 12 months – This allows you to transfer your existing debt to the card with zero percent interest for 12 months. This is a great way to transfer your existing debt from one card to another or pay off another card with zero percent interest.

– Interest-free loan – ICICI Bank credit card offers customers a loan of up to Rs 5,000 every month. This allows you to take a trip or go shopping without paying any interest. Simply make your regular payment on time and ICICI Bank will reimburse the loan amount for you.

– Low annual fee – The annual fee for an ICICI Bank credit card is Rs 499. This is quite low compared to the other major players in the market.

– Credit rating – ICICI Bank credit card provides you a credit rating of Excellent (Av+). This helps you get a lower interest rate when you apply for a loan.

ICICI Bank Credit Card Fee and Charges

The annual fee for this card is Rs 499, which is waived for depositors with a minimum deposit of Rs 1 lakh. You will also get a 3% discount on your total gas and hotel bills if you use the card. Additional charges such as late payments, over the limit, and no-shows will earn you an interest of 9%.

The maximum amount that you can charge on this card is Rs 50,000 and the same amount has to be repaid within a period of 60 days. If you fail to pay the amount by the due date, you will have to pay interest of 9% on the amount and 2% as a late payment charge. To avail of the benefits of this card, you will have to pay a service tax of 12.36%. Other charges such as balance transfer, travel insurance, and cash withdrawal are also applicable.

ICICI Bank Credit Card Conclusion

If you want to earn a lot of benefits with just a small amount of recurring fees, the ICICI Bank credit card is the perfect option for you. It comes with many benefits and has a low annual fee. However, since it is a secured card, you will also have to pay more attention to your finances.