ICICI Bank has announced a revision in credit card charges.
New Delhi: In what could be a blow to ICICI Bank customers, the private lender has announced a revision in credit card charges. The revision of the fees will come into effect from February 10.
ICICI Bank has announced that customers will now have to pay a transaction fee of 2.50%, subject to a minimum of Rs 500, on cash advances on all cards. Meanwhile, the private lender has also fixed the charge for the return of cheques and auto-debit at 2% of the total due amount, subject to a minimum of Rs 500.
Meanwhile, the bank has also revised the fee for paying the dues late for all cards, except ICICI Emerald Card. Here are the revised fees:
Due amount less than Rs 100 – No charge.
Due amount between Rs 100 – Rs 500 – Rs 100 late fee.
Due amount between Rs 501 to Rs 5000 – Rs 500 late fee.
Due amount between Rs 5001 – Rs 10,000 – Rs 750 late fee.
Due amount between Rs 10,001 – Rs 25,000 – Rs 900 late fee.
Due amount between Rs 25,011 – Rs 50,000 – Rs 1000 late fee.
Due amount up to Rs 50,000 – Rs 1200 due fee.
Customers will also have to pay Rs 50 plus GST in case of late payment of credit card dues.
ICICI Bank has also recently revised the service charge on the ICICI Bank Savings Accounts with effect from 01 January 2022.
