ICICI Bank, one of the largest private sector banks in India, offers a range of financial products and services, including credit cards. These credit cards come with a variety of features and benefits such as reward points, lounge access, cashback offers, fuel surcharge waiver, and more. To cater to different needs and lifestyles, the bank offers various types of credit cards, including travel, lifestyle, shopping, and fuel cards. Applying for an ICICI Bank credit card is easy, with the option to visit the bank’s website or a branch and submit the necessary documents and information. Upon evaluation and approval, the bank will issue a credit card to you.
Important Details on ICICI Credit Card EMI
ICICI Bank offers Equated Monthly Installments (EMI) as a repayment option for its credit card customers. The following are some important details to know about ICICI Bank credit card EMI:
#1 Eligibility:
To be eligible for credit card EMI, customers must have a credit card with ICICI Bank and the transaction must be above a certain value.
#2 Interest rate:
The interest rate for EMI on ICICI Bank credit cards varies and can range from 1.5% to 2.5% per month.
#3 Repayment tenure:
The repayment tenure for credit card EMI ranges from 3 to 24 months, depending on the transaction value and customer’s credit card type.
#4 Conversion process:
Customers can convert their transactions into EMI by calling the ICICI Bank customer care number or logging into their internet banking account.
#5 Payment options:
EMI payments can be made through the customer’s ICICI Bank credit card, auto-debit from their ICICI Bank savings account, or by submitting a cheque.
It is recommended to check with ICICI Bank directly for the most up-to-date and accurate information regarding credit card EMI.
How to opt ICICI Credit Card EMI
To opt for ICICI Bank credit card EMI, customers can follow these steps:
- Check eligibility (have ICICI Bank credit card and eligible transaction value).
- Initiate conversion process (through customer care or internet banking).
- Provide required information (credit card and personal details).
- Confirm conversion.
- Start repaying EMI (through credit card, auto-debit, or cheque).
Benefits of ICICI Credit Card EMI
The following are some of the benefits of opting for ICICI Bank credit card EMI:
- Flexibility: EMI provides customers with the flexibility to repay their credit card debts in a convenient and manageable manner.
- Easy Repayment: EMI allows customers to repay their credit card debts through monthly instalments, rather than paying a large lump sum.
- Lower Interest: EMI often comes with a lower interest rate compared to regular credit card purchases.
- Improved Cash Flow: EMI helps customers improve their cash flow by spreading the cost of a purchase over a longer period of time.
- Credit Score: Repaying credit card debts through EMI can help improve a customer’s credit score, as timely repayments are a positive factor in credit history.
- Convenience: EMI can be easily initiated and managed through ICICI Bank’s customer care or internet banking.
Note: The exact benefits of ICICI Bank credit card EMI may vary and are subject to change, so it is advisable to check with ICICI Bank directly for the most accurate and up-to-date information.
ICICI Credit Card EMI Calculator
The ICICI Bank EMI Calculator is a tool that helps credit card customers estimate their monthly repayments (EMI) by calculating loan amount, interest rate, and repayment tenure. It provides an estimated EMI amount to help customers plan their finances and make informed credit card repayment decisions.
ICICI Bank EMI Calculator
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FAQ
Availing ICICI’s ‘EMI on Call’ facility
To avail ICICI Bank’s ‘EMI on Call’ facility, call ICICI Bank customer care, provide required information and details, and confirm the conversion of your transaction into EMI. Repay the EMI through monthly instalments as per the agreed terms and conditions.
Through Internet Banking Facility
To avail EMI through ICICI Bank’s internet banking facility, log into your internet banking account, select the transaction you want to convert into EMI, and follow the instructions to complete the conversion process. Repay the EMI through monthly instalments as per the agreed terms and conditions.
Through Mobile Pay
Avail EMI through ICICI Bank’s mobile app by selecting the transaction to convert, following the instructions to complete the conversion, and repaying the EMI through monthly instalments.
Through Call
Avail EMI through ICICI Bank’s customer care call by contacting the bank, providing necessary information, confirming the conversion, and repaying through monthly instalments.