ICICI BANK CREDIT CARDS

ICICI BANK is providing a wide variant of cards like “CREDITCARDS”, Debit Cards, Prepaid Cards, Travel Cards, Unifare Metro Cards, Corporate Cards, Merchant Services Cards, etc. Credit Cards are famously two types mainly – Coral Credit Cards and Platinum Credit Cards. These Cards are given to card holder to increase Credit in the Business community or by and Individual.,

“ICICI Coral Credit Card” has its own features. In this card, the card holder will be availed Unlimited Cash Rewards Every Day. If you purchase Groceries from the Supermarket, you will get 2 times Cash Reward for total amount purchased. Through the week, if cardholder buys 1 movie ticket, he/she will be getting a complimentary movie ticket free. If you’re dining in a restaurant, you will be straight away avail a discount of 15%. When you apply and ICICI provides you "CREDIT CARD", a Neck-tie from Provogue is presented to you. Joining fees will be Rs. 1000 plus Service Tax. IF the cardholder spends more than 125,000 per annum, no Annual Fees are charged. If not, ICICI will be charging Rs. 500 + Service Tax as Annual Fees. 

“ICICI BANK PLATINUM CREDIT CARD” has its own features mentioned below. This Credit Card is protected by Security like Chip Card. Here the Rewards are given by looking at the Pay Back Method. You will be getting a waiver of 2.5% from Fuel Surcharge. Restaurants will be providing you minimum of 15% discount. You will be getting additional benefits from Visa/Master Card too. Application for Credit Card must be submitted through internet, so that no charges will be applicable. Otherwise, Rs. 199 + Service Tax are applicable. If you shop more than Rs. 50,000 per annum, no Annual Fee will be charged. Or else, Rs. 99 + Service Tax will be charged. ICICI Bank Selected Corporate will be availing Special Offer for using this Credit Card. After receiving your Credit Card, if you purchase more than Rs. 2000 within the time frame of 60 days, your joining fees will be waived.ICICI Bank Credit Card is the first contact-less Card in India.

FEATURES OF CREDIT CARD

The features of "CREDIT CARD" are it works as Cash Money. It provides additional Credit Limit. The payment through Credit Card can be done domestically and internationally.  We can record and maintain all transactions.  Charges will be regular on monthly basis while paying the Bills. The wonderful fundamental of "Credit Card" is that “Buy Now and Pay Later”. Never withdraw Cash from Credit Card as it will charge more Interest. Grace Period is allowed in Credit Card usage, but after that additional Interest will be charged. To withstand competition Credit Card companies provides you Bonus Points and also Offer Schemes to motivate spending. 

Cash Money:

"Credit Card" holder can be considered to be Cash In Hand. Apart from that, you can pay in various Currencies like United States Dollar, United Kingdom Pound, European Euro, and Australian A$ Dollar, China Yuan, etc. Travelers can use Credit Card instead of taking Cash.  

Additional Credit Limit:

Two types of credit limits are available from banks, NBFC’s etc are Normal Credit Card limit and Revolving Credit Card Limit. Normal Credit Card Limit will be decided when the Bank/NBFC issues the Credit Card. Revolving Credit Card Limit is that the individual can increase the exposure of Credit Card holder by using it properly and regularly.

Pay in Domestic and Foreign Currency:

"Credit Card" Holders have two choices. If the normal individual wants to buy goods from outside India, he/she has to look at the cost, Convert into domestic currency and go to Exchange Centers/Banks and pay. Nothing is there for Credit Card Holder’s, they can pay in both Currencies like Domestic Currencies while buying goods in India as well as pay in Foreign Currency while paying from abroad. 

Record All Transactions:                                                                                                                   Your Purchase, Payment, Credit, Debit, Cash Withdrawal all will be shown in the Credit Card Transaction. It’s better to keep Credit track of the situation. The payment will be done on a particular periodic basis.

Charges Will Be Regular:    
Two type of Charges are been set in Credit Card history i.e., Annual Charges and Supplementary Charges. Annual Credit Card Charges are done on yearly basis whereas Supplementary Credit Card Charges are been collected by issuing authorities. If you issue supplementary Credit Card for your Wife, Daughter, etc Supplementary Charges will be taken for doing the service.

Non- Payment or Grace Period:  
If you’re buying a product say on 12^th May and the "CreditCard" companies will be giving client a grace period of say 30 days. So the client has to pay the bill fully or start the minimum payment of 10% every month from/on 12^th June. Client will get the option as “BUY NOW & PAY LATER” scheme. 

Cash Withdrawal Faces High Charges: 
If you withdraw Cash of Rs. 5000, from any outlet of Credit Card/ATM outlets, immediately 3% interest will be added and immediately interest is incurred from day one. These charges will be higher than Cash Withdrawal done from Banks, Financial Institutions and NBFC’s. Credit Card is issued to do purchases not to withdraw Cash.  

Delay in Payment Means Additional Charges: 
Any purchase or services will incur a cost and due date will be provided by Credit Card Company. If the due date is 10^th June, and if you submit the whole amount or termed monthly amount on this date, no Charges will be incurred. If you put your money on 11^th June, an additional 1% Charges will be added to Credit Card Account. 

Service Tax: 
Service Tax is inclusive of all cost incurred in all Credit Card accounts. This will be directly paid to the Government Account.

Bonus Point: 
Due to intense competition, Credit Card companies are providing more incentives like Bonus Points to do more Purchase or use Services and increase business. Now days, they prefer to pay like Petrol Bonus points and you can use petrol in your car with these points. Lot of schemes is available in the Indian Credit Card market. 

Offers: 
Cash Back Offers are also provided. Gifts too are provided on year-end basis. According to the recent news, Credit Card companies are providing 5% Cash Back on the tri-monthly Purchase of Products/Services.   

If you’ve any problem regarding wrongly declared defaulters, you please connect to website www.freecredithelp.in and they will guide you to close your case with the bank. The Stratos All-In-One Credit Card is not perfect enough, is like a consolidated "Credit Card" where we can store at least three Credit Cards like Universal Credit Card. But sometime it malfunctions and so you’ve carry Stratos as well as other Credit Cards too. It’s meaningless.

News is that Samsung is coming up with NFC [Near Field Communication] like Apple Pay or Credit Card companies; this move will create more hick-ups and watched specifically "Credit Card" companies.