ICICI Bank Credit Card Interest Rates

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

Here are some of the interest on 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.

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

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

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

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 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 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.