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ICICI Bank revises credit card charges

ICICI Bank credit card customers will have to pay more on cash advances and for paying dues late; revised charges come into effect from February 10.

ICICI Bank credit card customers will have to pay more on cash advances and for paying dues late. The revised charges come into effect from February 10.

Customers will have to pay a transaction fee of 2.50%, subject to a minimum of Rs 500.

The country’s second-largest private lender has also fixed the charge for return of cheques and auto-debit at 2% of the total due amount, subject to a minimum of Rs 500.

The bank has also revised late fee charges for all cards, except ICICI Emerald Card.

If a due amount is less than Rs 100, there will be no late fee. For due amount between Rs 100-Rs 500, the late fee charge will be Rs 100. The bank will charge late fee of Rs 500 for due amount between Rs501- Rs 5000; Rs 750 for due up to Rs 10,000; Rs 900 for up to Rs 25,000; Rs 1000 for up to Rs 50,000 and Rs 1,200 for due up to Rs 50,000. excluding Emerald.

An additional Rs 50 plus GST will be debited from customer's saving bank account.