ICICI Bank credit card rules will change from November 15, know everything

ICICI Bank Credit Card: Crores of users in the country use credit cards and people are interested in the changes coming in them from time to time. ICICI Bank is also among the names of the most private bank credit card users in the country.

If you also have an ICICI Bank credit card, then this news is important for you. One day later i.e. from November 15, 2024, the rules of ICICI Bank credit card are going to change and there are many rules in it which are going to benefit you.

Know which rules changed

1. No charges on educational transactions
2. Change in charges levied on late payment of card fees
3. New types of charges on utility and fuel payments

No charges on educational transactions using ICICI Bank credit cards 

From now on, no charges will be levied for paying international education or school-college fees through credit card. However, if you make such fees or educational transactions through third party apps, you will have to pay a fee of 1 percent.

Change in late payment charge from November 15

From now on, the charges will change if you pay ICICI Bank credit card bill late. Know about them-

– Rs 101 to Rs 500 – Charge Rs 100
– Rs 501 to Rs 1,000 – Charge Rs 500
– Rs 1,001 to Rs 5,000 – Charge Rs 600 – Rs 5,001
to Rs 10,000 – Charge Rs 750 –
Rs 10,001 to Rs 25,000 – Charge Rs 900 –
Rs 25,001 to Rs 50,000 – Charge Rs 1100 –
More than Rs 50,000 – Charge Rs 1300

Special thing- It is important to note that if the outstanding amount is up to Rs 100, then there will be no late payment fee on it.

Other charges levied on utility and fuel payments

If you make utility payments of more than Rs 50,000 using a credit card, you will have to pay a charge of 1 per cent.

If you make a fuel payment transaction of more than Rs 1000, you will have to pay one percent charge on it.

Overdue interest on extended credit and cash advances will be charged at 3.75 per cent for one month while the annual interest rate on this will be 4.5 per cent. 

Note: If you are using ICICI Bank credit card, then you will have to take care of all these changed charges and fees.