ICICI Bank Credit Card review

ICICI Bank offers various credit cards including:

• ICICI EMI Card
• ICICI Picture Card
• ICICI Bank HPCL Gold/ Silver Credit Card
• ICICI Bank Preferred Gold Credit Card
• ICICI Bank Gold American Express Credit Card
• ICICI Bank Platinum Credit Card
• ICICI Bank Titanium Credit Card

Click Here to Apply for an ICICI Bank Credit Card.

ICICI Bank also offers co-branded credit cards which can help you save money with brands such as Kingfisher Airlines, Makemytrip Big Bazaar and Indiatimes. These include

• ICICI Bank Indiatimes Credit Card
• ICICI Bank Big Bazaar Silver Credit Card
• ICICI Bank Kingfisher Airlines Credit Card

If you're a regular shopper at these places, these cards will help you earn reward points that are higher than the conventional rate at which reward points are offered.

Credit cards can be used well to save money. On the other hand they can also lead to a lot of debt. Used in a disciplined manner credit cards can help you save tens of thousands of rupees every year. ICICI Credit Cards are no different.

Whenever you spend money on a ICICI credit card, be sure to pay off the balance outstanding at the end of the month. You do have the option of paying only the minimum amount. If you exercise this option, the amount you owe ICICI will be rolled over to next month and interest will be charged on the outstanding amount.

RBI guidelines mandate that credit card companies display terms and conditions on their website. ICICI too has terms and conditions displayed on their website in various languages including Assamese, Bengali, Gujarati, Hindi, Kannada,
Malayalam, Marathi, Oriya, Punjabi, Tamil, Telugu apart from English of course.

If you take a cash advance on your credit card, you'll be charged a 2.5 % fee subject to a minimum of Rs.300. Their dial-a-draft service will cost you 3 % of the draft value subject to a minimum of Rs.300. If you pay the amount due later, you'll be charged 30 % of the 'minimum amount due'. The 'minimum' amount due' is usually 5% of the total oustanding. This late fee will be a minimum of Rs. 400 & max Rs. 600. If you exceed your credit limit, you'll be charged 2.5% on the over limit amount, subject to a min. of Rs. 500. If you issue ICICI a cheque to cover your dues and the cheque bounces, you'll be charged Rs.250.

Credit cards are safe, like a 2000 cc automobile is safe in the garage, it's also safe when you go for a drive, usually but rev it it's engine and max out its power and you could be in trouble. To take the analogy further, don't max out your credit cards and don't abuse them.