ICICI Bank Credit Card Late Payment Charges

ICICI Bank Credit Card Late Payment Charges

(w.e.f. Nov 15, 2024)

The Late Payment charges on your card will be a function of the Total

Amount Due minus any payment received before payment due date and

will be as follows:

Outstanding = Total Amount due (as of previous statement) – Pay-

ment Received before payment due date.

Outstanding (as

defined above)

Late Payment

Charges

Less than ₹100 = None

Between ₹100-₹500 = ₹100

Between ₹501- ₹1,000 = ₹500

Between ₹1001- ₹5,000 = ₹600

Between ₹5,001-₹10,000 = ₹750

Between ₹10,001-₹25,000 = ₹900

Between ₹25,001- ₹50,000 = ₹1100

More than ₹50,000 = ₹1300

Return of cheque 2% of Total Amount Due (Min. ₹500)#

Auto-Debit return fee 2% of Total Amount Due (Min. ₹500)#

Interest Charges: 

1) Interest will be charged if the Total Amount Due is not paid by the payment due date. Interest will be charged on 

the Total Amount Due and on all new transactions except Fees/charges and GST/Taxes (from the transaction 

date) till such time as the previous outstanding amounts are paid in full. In addition, interest will be levied on all 

cash advances from the date of the transaction until the date of payment.

2)The rate of interest may be changed at the sole discretion of ICICI Bank. It can be as low as 1.25% per month 

(15% per annum) depending on factors such as, but not limited to, credit history, purchase patterns, payment 

behavior, loyalty and month-on book.

3) In case of default, interest charges may increase up to a maximum of 3.75% per month (45% per annum).

W.E.F 26th Oct, 2023, Any Fee/GST transaction on the customer’s statement after 26/10/2023 will not be compounded 

for interest calculation.

GST will be applicable on interest charges.

*LPC (Late Payment Charges) are applicable as the customer has not paid the Minimum Amount Due (MAD).

Interest- Free Period and Grace Period:

a) The interest free period could range from 18 to 48 days and grace period will be given 3 days after the payment due date.