ICICI Bank Credit Card Rule Changes
If you also use ICICI Bank credit card, this news is just for you. The bank has changed the rules related to credit cards, which include rules such as finance charges and fees for late payments, utility transactions and fuel transactions. Please let us know what the new rules are regarding credit cards.
financial charge
Finance charges have been modified in ICICI Bank credit card rules. When withdrawing overdue and advanced money, different interests must be paid depending on the month and year. The bank has set the monthly default interest at 3.75 percent and 45 percent. At the same time, the same interest will have to be paid on the money withdrawn in advance.
late payment charges
At the same time, changes have also been made regarding late charges, where if there is a debt of Rs 101 to Rs 500, Rs 100 will have to be paid as late charge and if there is a debt of Rs 501 to Rs 1000. , Rs 500 will have to be paid as late payment fee. This is the complete list.
educational transaction
There will be no charges for making school and university related payments using bank credit cards. However, if the payment is made through a third-party app, a 1 percent transaction fee will be payable.
Public services and insurance
You can earn reward points on utility and insurance bills. Earlier you had to spend up to Rs 80,000 for this, but now you will get reward points by spending just Rs 40,000.
grocery
Reward points will be available on purchases at supermarkets and department stores. Previously, the point was available for spending Rs 40,000. But now you will get it after spending Rs 20,000 every month.
fuel surcharge
Now the fuel surcharge exemption limit has been increased from Rs 50,000 to Rs 100,000 per month; If you spend more than this, you will not get the fuel surcharge waived.
