You must be aware of ICICI bank credit card charges if you use it. If you missed Rs.10,000 ICICI credit card payment, you may have to pay more than Rs.10,800 after one month and Rs. 14500 after one years.
ICICI Bank Credit Card Payment / Credit Card Cash Advances
- If you miss credit card payment, overdue interest on credit is as follows.
|
Different types of ICICI Card |
Overdue Interest on Extended Credit |
Credit Card Cash Advances |
||
|
|
Monthly Interest |
Yearly Interest |
Monthly Interest |
Yearly Interest |
|
All the card except below |
3.4% |
40.80% |
3.4% |
40.80% |
|
ICICI Bank Instant Platinum Credit Card / Instant Gold Credit Card Fixed Deposit Instant Credit Card |
2.49% |
29.88% |
2.49% |
29.88% |
|
Inter Miles ICICI Bank Credit Card / Make My Trip ICICI Bank Credit Cards / ICICI bank HPCL Super Saver Credit Card |
3.5% |
42% |
3.5% |
42% |
|
Manchester United Credit Cards by ICICI Bank |
3.67% |
44% |
3.67% |
44% |
ICICI Credit Card Charges: Late Payment Charge ( LPC )
- The late payment charge is applicable if the minimum amount due is not paid by the payment due date.
|
Total amount due |
Late payment charges |
|
Less than Rs. 100 |
None |
|
Between Rs 100 – Rs 500 |
Rs. 100 |
|
Between Rs.501 – Rs 10,000 |
Rs. 500 |
|
More than Rs. 10,000 |
Rs. 750 |
ICICI Credit Card Charges: Goods and Service Tax ( GST )
- The GST will be applicable from time to time. Presently the GST rate for banking and financial services is 18% ( applicable on all fees , interest , surcharge and other charges )
ICICI Credit Card Charges : After 1 Month
- Let us say that Mr. XYZ miss Rs. 10,000 amounts on due date, He will have to pay at the end of one month.
|
Principal Amount |
Rs 10,000 |
|
Late payment charges |
Rs 500 |
|
Interest charges ( 3.4% ) |
Rs. 340 |
|
Total |
Rs. 10,840 |
ICICI Credit Card Charges : After 1 Year
- You have to pay Rs 14580 after one year on principle amount of Rs. 10,000 if you miss to pay your credit card bill.
- However, the final amount depends upon type of credit card and it may lower / higher than this amount.
- This is just example to understand the calculation.
- Whether GST is considered, I don’t have much idea, you have to contact ICICI Bank you miss to ICICI Bank Credit card payment after due date.
|
Principal Amount |
Rs 10,000 |
|
Late payment charges |
Rs 500 |
|
Interest charges ( 40.80% ) |
Rs. 4080 |
|
Total |
Rs. 14580.00 |
ICICI Credit Card Charges PDF
The ICICI Credit Card Charges pdf is attached here
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