Important ICICI Credit Card Updates: New Fees & more from Nov 15th

Does ICICI do / require vKYC for add-on card applicant?

Couple of weeks back , when icici published similer revision of spend criteria for lounges, I checked regarding add on card charges for my ltf rubix visa over the phone. CC confirmed that no anual charges for my add on card.

ICICI credit card has by far the worst hidden charges when compared to HDFC Credit card. I made an International payment and got a refund. The transaction alone costed me 600 and didn't even got the product. While HDFC Credit card reversed the charges except the GST. On top Forex Markup on HDFC is almost 1-2% less than ICICI Credit card. And they don't even refund. Charged me markup both on payment and refund, ICICI is basically scammed me . 

Today I got bill from az ICICI cc they charge me as intrest 187.77 and 18% iGST I don't know why ? How I can get details showing 000×××××××9134 that is not my card no.

ICICI Credit Card holders, get ready to see new changes in milestone benefits, fees and charges starting November 15th, 2024. As per the official document released by ICICI Bank, following November 15th, ICICI card holders will need to pay 1% fee on education payments made via third-party apps. Moreover, add-on cards now attract an annual fee of ₹199. Catch more details below.

All ICICI Credit Card holders make a note of this change starting November 15th - now pay 1% fee on the transaction amount for education payments made via 3rd party apps. No fee will be charged for payments made directly to school or college including international education payments from your credit card.

Be sure to check the latest ICICI Bank Credit Card Offers, Coupons & Deals ✔️✔️✔️ for extra savings.

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Late payment charges on your ICICI Credit Cards will be as following starting November 15th:

For Late Payments <= Rs.100, charges are Nil

For Late Payments between Rs.101 - Rs.500, charges are Rs.100

For Late Payments between Rs.501 - Rs.1,000, charges are Rs.500

For Late Payments between Rs.1,001 - Rs.5,000, charges are Rs.600

For Late Payments between Rs.5,001 - Rs.10,000, charges are Rs.750

For Late Payments between Rs.10,001 - Rs.25,000, charges are Rs.900

For Late Payments between Rs.25,001 - Rs.50,000, charges are Rs.1,100

For Late Payments above Rs.50,000, charges are Rs.1,300

This might be a bit of a disappointing change for many ICICI card holders. Starting November 15th, ICICI add-on cards will attract an annual fee of ₹199 which will be levied in the card anniversary month statement.

Now after seeing this change, many card holders might be wanting to close their unneeded add-on cards. Here are steps to close your ICICI Credit Card add-on card (courtesy & thanks to our dimer @offerer for sharing it with us)

Steps to close ICICI Add-on Cards:

“ICICI Netbanking > Customer Service > Service Requests

Credit Cards > Modification Related > Request for Cancellation of Credit Card

Select Add-on Card number from the dropdown

Raise cancellation request”

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The spend threshold for annual fee reversal and milestone benefits will exclude rent, government, and education payments made via credit card.
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Forex mark up fee revised to 2% for ICICI Bank Emeralde Visa Credit Card, ICICI Bank Emeralde Credit Card and ICICI Bank Emeralde Private Credit Card.
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A fee of 1% of the transaction amount will be charged for utility payment transactions exceeding Rs. 50,000.

• Utility transactions capping:

Earn reward points for utility spends up to Rs.80,000, insurance spends up to Rs.80,000, at the current earn rate for credit cards including ICICI Bank Rubyx Visa Credit Card, ICICI Bank Sapphiro Credit Card, ICICI Bank Emeralde Credit Card & a few more variants.

Earn reward points for utility spends up to Rs. 40,000, insurance spends up to Rs. 40,000, at the current earn rate for credit cards including ICICI Bank Platinum Chip Credit Card, ICICI Bank HPCL Coral Platinum Credit Card, ICICI Bank Expressions Secured Credit Card & more.

• Grocery capping:

Earn reward points on grocery and departmental store purchases up to Rs.40,000/month for select premium ICICI credit cards, and up to Rs.20,000/month for other ICICI credit cards, at the current earn rate.
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Starting November 15th, fuel surcharge waivers will only be applicable on fuel spends up to Rs.100,000 only per month for ICICI Bank Emeralde Mastercard Metal credit card and for all other ICICI Credit Cards, the limit will be ₹50K.

So this was all about sharing some of the key ICICI Credit Card charges starting November 15th, 2024. Don’t forget to check the official document to know the full list of changes:

{Official Document} ICICI Credit Card Revision of Charges

Courtesy and thanks to our dimer @Vineet and @sousnake for sharing this first with us here

• ICICI Devaluation for All Cards

• ICICI Card Features, Changes from November 15th

(check out these threads to read fellow card holders & dimers discussion and comments)

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