It is not good news for ICICI Credit Card users as the bank has decided to increase charges on various services offered through credit card. The updated prices will come in effect from February 10, 2022. In case of cheque return ICICI will charge a total of 2% of total amount due and the minimum charge will be Rs 500.
Late payment charges will vary according to the due amount. The charges will keep increasing with the increasing due amount. The highest amount the will be charged is Rs 1200 for amount over Rs 1200 for due amount that is more than Rs 50,000. Currently the competitors of ICICI Bank like SBI Card, HDFC Bank, Axis Bank have been charging Rs 1300, Rs 1300 and Rs 1000 resepectively for payment that is due over Rs 50,000.
Credit Card Charge Of ICICI
On bills below Rs 100 there will be no charge and there is a charge of Rs 100 on bill of Rs 100-500. On bills up to Rs 501-5,000 the charge will be Rs 500. Late payment charges on amount between Rs 5001-10,000 will be Rs 750, Rs 900 on bills between Rs 10,001-25,000 and for up to Rs 50,000 it will be Rs 1200. Cash advance charge will be set at 2.5% on the total amount of cash withdrawn or Rs 500; whichever is greater. The over limit charge of ICICI Credit Card is 2% or a maximum of Rs 500.
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Credit Card Charge Of SBI
For due amount less than Rs 500, there will be no charge. For amount in range of Rs 501-1000 the charge will be Rs 400. Late Payment Charges for amount between Rs 1001-10,000 is Rs 1300. Cash advance charge will be set at 2.5% on the total amount of cash withdrawn or Rs 500; whichever is greater. The over limit charge of SBI Credit Card is 2.5% or a maximum of Rs 600. SBI will also charge 2% or Rs 500 for auto debit or check return fee.
Credit Card Charges Of HDFC
On bills below Rs 100 there will be no charge and there is a charge of Rs 100 on bill of Rs 100-500. On bills up to Rs 501-5,000 the charge will be Rs 500. Late payment charges on amount between Rs 5001-10,000 will be Rs 600, Rs 800 on bills between Rs 10,001-25,000, Rs 1100 on Rs 25,001-50,000 and for up to Rs 50,000 it will be Rs 1300. Cash advance charge will be set at 2.5% on the total amount of cash withdrawn or Rs 500; whichever is greater. The over limit charge of HDFC Credit Card is 2.5% or a maximum of Rs 550. HDFC will also charge 2% or Rs 450 for auto debit or check return fee.
Credit Card Charge Of Axis Bank
On bills below Rs 300 there will be no charge and there is a charge of Rs 100 on bill of Rs 300-500. On bills up to Rs 501-1,000 the charge will be Rs 500. Late payment charges on amount between Rs 1001-10,000 will be Rs 1000. Cash advance charge will be set at 2.5% on the total amount of cash withdrawn or Rs 500; whichever is greater. The over limit charge of Axis Credit Card is 3% or a maximum of Rs 500. Axis will also charge 2% or Rs 450 for auto debit or check return fee and a maximum of Rs 1500.
