ICICI Bank Credit Card Fees and Charges

ICICI Credit Cards come with various features and benefits. However, there are certain applicable fees & charges for services such as cash withdrawal, partial or late bill payments, international transactions, etc. These charges may be applicable depending upon the card type and usage. On this page, we have covered details about important charges applicable to ICICI Credit Cards, such as interest rate, cash withdrawal fee, etc. Read on to know more.

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ICICI Bank Credit Card Fees & Charges Explained

ICICI Bank Credit Cards are popular for offering varying features and benefits that match up to the needs of different customer segments. However, not many are aware of the applicable fees & charges on credit cards. Note that, all facilities offered on the credit cards are not free of cost, and thus, there are charges applicable. While some of these charges are implied when you use a certain feature, others are implied as per the associated terms & conditions. For instance, a cash withdrawal fee is applicable only when you withdraw cash, however, an annual fee is something you need to pay each year on your active credit card (unless you avail a fee waiver).

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ICICI Credit Card Interest Rate

While ICICI Bank allows interest-free periods to cardholders, where they can make purchases without any charges, there are applicable interest charges as well in certain situations. The interest charges are applicable, if you do not pay the entire due amount by the due date, clear the total outstanding amount on your ICICI Credit Card , make a partial payment towards your credit card bill or when you withdraw cash from an ATM using your ICICI Credit Card. In general, the ICICI Credit Card interest rate may range between 2.49% to 3.67% per month, however, they may vary from one card to another, as listed in the table below:

ICICI Credit Card	Interest Rate
ICICI Bank Instant Platinum Credit Card/ ICICI Bank Instant Gold Credit Card/ Fixed Deposit Instant Credit Card	2.49% p.m. \| 29.88% p.a.
InterMiles ICICI Bank Credit Cards/ MakeMyTrip ICICI Bank Credit Cards/ ICICI Bank HPCL Super Saver Credit Card/ Amazon Pay ICICI Bank Credit Card	3.50% p.m. \| 42% p.a.
Manchester United Credit Cards/Emirates Skywards ICICI Bank Emerald Credit Card/Emirates Skywards ICICI Bank Sapphiro Credit Card/ Emirates Skywards ICICI Bank Rubyx Credit Card	3.67% p.m. \| 44% p.a.
Other Credit cards	3.40% p.m. \| 40.80% p.a.

What is the Interest-free Period on ICICI Credit Card ?

ICICI Bank offers 18 to 48 days of interest-free period between your last statement date and the current due date. During this period, you do not have to pay the interest accrued on the purchases. However, you will not be able to enjoy this privilege if you do not pay off your bills in full by the due date. Note that, in case of cash withdrawal, ICICI Bank Credit Card Interest Rate will be applicable from the date of transaction until it is paid off in full.

How is the ICICI Credit Card Interest Rate Calculated?

ICICI Credit Card interest rate is calculated based on factors such as transaction amount, transaction date, statement date, and total amount due. To understand credit card interest rate calculation, let us take an example with the following assumptions:

Credit Card Interest Rate: 3.50% p.m. | 42% p.a.
Transaction Date: 1 December 2021
Transaction Amount: Rs. 10,000
Statement Date: 6 December 2021
Minimum Amount Due (5% of the total amount): Rs 500
Total Amount Due: Rs. 10,000
Amount Due Date: 26 December 2021

Now, if you pay 50% of the amount that is Rs. 5,000, on 21 December 2021 and do not make other purchases till the next statement generation date, ie., 6 January 2022, then the interest levied will be in the following manner.

Amount = Interest on the total due amount from the transaction date to partial payment date + Interest on the remaining amount from the day after the date of payment to the next statement generation date

Interest from Date of the Transaction to Partial Payment Date: [21 (Number of days from date of transaction to payment date)*10,000 (Full amount) x 42.00% (Interest rate per annum)] ÷ 365 = Rs. 241.64

Interest from Partial Payment Date to Statement Generation Date: [15 (Days between partial payment date to the day before statement generation date) x 5,000 (Outstanding amount) x 42.00% (Interest rate per annum)] ÷ 365 (Days in a year) = Rs. 86.30

Total Interest Amount = 241.64 + 86.30 = Rs. 327.94

ICICI Credit Card Cash Withdrawal Charges

Apart from making purchases, you can also withdraw cash using your ICICI Credit Card. Cash withdrawal using a credit card is like an on-the-spot-loan for which you do not need any further processing from the bank. However, due to hefty cash advance charges and interest charges, it is not an advisable mode of credit.

ICICI Credit Card Cash Withdrawal Charges
2.5% of the advanced(withdrawn) amount, subject to a minimum of Rs. 500
Along with the fee, interest is also levied at a monthly percentage rate from the withdrawal date till the amount is paid back completely. This is because, interest free period is not applicable on credit card cash withdrawal transactions, thereby, interest rate is charged from the withdrawal date.

You can withdraw cash from your ICICI Card, after three months from card activation up to a specified limit. The withdrawal limit is calculated as a certain proportion of the total credit limit offered on the credit card. In case of ICICI Bank, you can withdraw up to 20% of the available credit limit. This however may vary from one card to another, as per bank's discretion.

ICICI Credit Card Late Payment Charges

ICICI Bank charges late payment fee on your credit card, when you fail to pay the minimum amount due by the due date. This fee is a flat amount, charged as per the outstanding balance on your credit card as follows:

Total Amount Due	Late Payment Charges
Less than Rs. 100	None
Between Rs. 100 to Rs. 500	Rs. 100
Between Rs. 501 to Rs. 5,000	Rs. 500
Between Rs. 5,001 to Rs. 10,000	Rs. 750
Between Rs. 10,001 to Rs. 25,000	Rs. 900
Between Rs. 25,001 to Rs. 50,000	Rs. 1,000
More than Rs. 50,000	Rs. 1,200

Late Payment Charges, as mentioned above, are not applicable on ICICI Emerald Credit Cards.

ICICI Credit Card: Forex Charges

Foreign transaction fee or forex charge on ICICI Credit Card is applicable in cases, (i) when you use your credit card for international payments made outside India (ii) when you make online transactions in foreign currency (iii) overseas ATM cash withdrawals (iv) domestic transactions on POS linked to overseas account such as at Duty Free shops.

The applicable foreign transaction fee on ICICI Credit Cards is 3.5% of the transaction value.

Joining Fee & Annual Fee

Joining and annual fee charges on your credit card, are applicable on your activated card irrespective of any features used. This means, you are bound to pay these charges each year, (in first year as joining fee, and then as annual fee, except in cases where you meet the minimum spend limit to achieve the annual fee waiver). However, unlike other card providers that often charge the same annual fee from second year of card usage, ICICI charges varying joining fee 1st year annual fee and 2nd year annual fee.

The joining or annual fee may vary from one credit card to another. Mostly, entry level credit cards, targeted towards beginners have low fees & charges, whereas premium level cards have higher joining or annual fee. Below mentioned are the joining and annual fee charges on top ICICI Bank Credit Cards in India:

ICICI Credit Card	Joining Fee	Annual Fee (1st year)	Annual Fee (2nd year)
Amazon Pay ICICI Credit Card	Nil	Nil	Nil
ICICI Bank Instant Platinum Credit Card	Nil	Nil	Nil
ICICI Bank Platinum Chip Credit Card	Nil	Nil	Nil
ICICI Bank HPCL Super Saver Credit Card	Rs. 500	Nil	Rs. 500
ICICI Bank Coral Credit Card	Rs. 500	Nil	Rs. 500
MakeMyTrip ICICI Platinum Credit Card	Rs. 500	Nil	Nil
MakeMyTrip ICICI Signature Credit Card	Rs. 2,500	Nil	Nil
ICICI Bank Rubyx Credit Card	Rs. 3,000	Nil	Rs. 2,000
InterMiles ICICI Bank Sapphiro Credit Card	Rs. 5,000	Nil	Rs. 5,000
ICICI Bank Sapphiro Credit Card	Rs. 6,500	Nil	Rs. 3,500
ICICI Bank Emeralde Credit Card	Rs. 12,000	Nil	Rs. 12,000
ICICI Bank Signature Credit Card	Rs. 25,000	Nil	Rs. 2,000

ICICI Credit Card EMI Interest Charges

Below mentioned are the applicable fees & charges on availing EMI with ICICI Credit Card via Instant EMI and EMI on Call facilities.

EMI Tenure	Interest Rate
	Point of Sales	E-commerce	EMI on Call
3 Months	15.99%	15.99%	18%
6 Months	15.99%	15.99%	18%
9 Months	15.99%	15.99%	18%
12 Months	15.99%	15.99%	18%
18 Months	15.99%	15.99%	18%
24 Months	15.99%	15.99%	18%

Note that apart from the interest charges, there is a one-time processing fee applicable on all EMI transactions. The processing fee for Instant EMI transactions is Rs. 199+GST, whereas on EMI on call transactions, a fee of 2% of the transaction value is charged, along with GST.

Other Fees & Charges on ICICI Credit Card

Fee Type	Detail
Rent Pay Transactions	1% of transaction amount
*Over-limit charges (excluding ICICI Bank Emeralde Credit Card)**	2.50% on the over-limit amount, subject to a minimum of Rs. 550
Fee on cash payment at branch	Rs. 100 per payment transaction
Duplicate Statement Request (beyond 3 months)	Rs. 100
Card Replacement Fee	Rs. 100 (Rs. 199 for ICICI Bank Expressions Credit Card)
Cheque/Cash Pick up fee	Rs. 100 per pick up
Charge slip request	Rs. 100 per charge slip
Reward Redemption Fee	Against - Product Catalogue: Rs. 99 At Online/In-store redemptions at online partner brands: Rs. 25
Card Validation charges (Lounges within India)	Rs. 2

Note: GST @18% is applicable on all fees, interest and other credit card charges.

Top ICICI Bank Credit Cards in 2026
ICICI Bank Coral Credit Card	Amazon Pay ICICI Credit Card
MakeMyTrip ICICI Platinum Credit Card	MakeMyTrip ICICI Bank Signature Credit Card
ICICI Bank Rubyx Credit Card	ICICI Bank Sapphiro Credit Card
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FAQs

Are finance charges and late fee charges the same thing?

No, finance charges and late payment fee are separate charges, implied in different situations. Late payment fee is levied when the minimum due amount is not paid by the due date. But, finance charges are applicable when the customer pays the minimum due but not the complete outstanding.

Are GST charges applied on ICICI Credit Card interest rates?

Yes, GST charges of 18% are applicable on all credit card fees, interest, surcharge and other charges.

What if I withdraw cash from ICICI Credit Card?

When you withdraw cash from your ICICI Credit Card, it will be added to your next billing cycle. The amount added will be inclusive of the cash advance fee and other charges, if any. You have to make the payment by the due date otherwise you may have to pay huge charges.

Does taking cash from a credit card affect your credit rating?

Your credit rating is not affected directly when you withdraw cash using your ICICI Bank Credit Card. However, if you do not repay the amount before the due date, your credit rating will take a dip. It is recommended that you do not withdraw cash using your credit card as it comes at a very high interest rate and additional charges.

Why are cash advances so expensive?

Cash advance is the instant loan facility provided to you where the card issuer does not go for application/approval procedure. It is a kind of pre-approved personal loan without collateral. The cash advance fee is also charged which is the alternative to processing fee in personal loan. It is provided to you in case of an emergency and the bank charges heavily to provide this facility to cardholders.