ICICI Bank Credit Card Interest Rates

ICICI Bank offers a varied range of credit cards to its customers that cater to different needs. These ICICI Credit cards cater to customers in different ways and can help you earn reward points and benefit with expenses in travel, dining, shopping, fuel, entertainment, and more. 

These benefits ease the incurred expenses and assist with financial plans. The details of different credit cards with features and benefits, and more are explained here.

Features and Benefits of ICICI Bank Credit Card

Apart from the rewards you receive for using your credit card, you can avail of many other features-

ICICI Bank Credit Card

ICICI Bank Credit Card.png

Avail Cash Anytime of the Day

With ICICI Bank services like ATM withdrawal, you can easily get cash anytime

Quick and Easy Bill Payments

The auto-pay feature eases the Credit Card bill payment

Scan & Pay

You can link your Credit Card with your UPI-enabled app and scan the QR code to make online payments instantly

Loan on Credit Card

You can get instant cash with Personal Loans on Credit Cards at low-interest rates varying from 14.99% to 15.99%, with loans up to Rs 20 Lakh.

Easy EMIs

You can shop and pay later with an easy EMI option available on the card

Top ICICI Bank Credit Card Interest Rate

Here are some of the interest on ICICI Bank credit card-

Credit Card Name

Best Feature

ICICI Bank Card Interest Rate

Annual Charges

ICICI Platinum Chip Credit Card

Entry-level and Lifetime free

3.40% per month (40.80% p.a.)

Nil

ICICI Coral Credit Card

Lifestyle, Travel, Entertainment

Rs 500 + GST

ICICI HPCL Coral Credit Card

Fuel Transactions

Rs 199 + GST

ICICI Rubyx Credit Card

Lifestyle and Dining

Rs 3000 + GST

ICICI Sapphiro Credit Card

Travel and Entertainment

Rs 6000 + GST

Amazon Pay ICICI Credit Card

Online Shopping

Nil

MakeMyTrip ICICI Bank Signature Credit Card

Premium Travel Privileges

3.50% per month (42% p.a.)

Rs 2500

ICICI HPCL Super Saver Credit Card

Fuel Transactions and Grocery

Rs 500 + GST

How to Apply for ICICI Bank Credit Card

Step 1: To apply for a credit card on the official website.

Step 2: Choose 'Apply now.'

Step 3: Complete the form and press the 'Receive offers' button.

Step 4: You will be shown a list of credit cards.

Step 5: Once you've decided on a credit card, click the 'Apply Now' button.

Step 6: Choose 'Confirm.'

An ICICI Bank representative will contact you and assist you in completing the procedure.

Eligibility to Apply

The fundamental qualifying conditions for applying for an ICICI credit card are shown below-

Minimum Annual income

ICICI Bank Salaried Customer

Rs 2,40,000 

Non-ICICI Bank Salaried Customer

Rs 3,60,000 

Self employed and Holding Savings Account with ICICI Bank

Rs 3,60,000 (ITR)

Self-employed and Not Holding Savings Account with ICICI Bank

Rs 4,80,000 (ITR)

Note, the minimum age required to apply for ICICI Credit Cards is 21 years.

Documents Needed to Apply for the Credit Card of ICICI Bank

The paperwork necessary to obtain an ICICI credit card is listed below-

  • KYC documents such as passport, voter ID card, driving license, etc
  • If a PAN Card/Form 60
  • Income proofs such as Salary slips, bank statements, Form 16, and income tax returns

How to Redeem ICICI Bank Credit Card Reward Points

You can redeem your ICICI Bank Credit Card Reward Points through net banking by linking your Credit Card to your bank account. Next, you will have to log in to your account, browse through the reward catalogue and pick the gift of your choice. Upon confirmation, your gift will be delivered to your registered address.

Alternatively, if you do not want to link your Credit Card to your bank account, you can redeem your reward points through email or by connecting with a customer care executive.

When is the ICICI Credit Card Interest Rate Charged

When you do not make timely payments or carry forward your dues, the bank charges you interest.

The interest rate charged by ICICI Bank varies depending on the credit card. The bank's credit cards are listed above, along with their monthly percent rate of interest and annual rate of interest.

The following are some circumstances in which credit card interest rates come into play:

  • You do not pay off the whole balance on your Credit Card.
  • You use your Credit Card to withdraw cash from an ATM.
  • You pay off a portion of your credit card balance.

ICICI Bank Interest-Free Period

ICICI Bank offers a grace period to all credit cards, during which no interest is charged on card purchases. As a result, the period is known as an interest-free period.

A credit card interest-free period is defined as the interval between the transaction date and the payment due date. As a result, it differs for each transaction made with your credit card.

ICICI typically provides an interest-free term ranging from 15 to 45 days. If you pay within the period, that is, on or before the date it has to be paid, and no interest would be levied as long as you have no carry-forward balance from previous statements.

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