ICICI Bank has announced revisions to its fee and charges structure for various credit cards, effective from March 2024. The changes encompass credit card types like Platinum, Coral, Rubyx, and Sapphiro, along with others available on the ICICI Bank website, including the Amazon Pay ICICI Bank Credit Card.
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The bank said the new pricing applies uniformly across all cards, irrespective of the network variant chosen, unless explicitly stated otherwise.
Cards with no joining or annual fees will not provide corresponding benefits, with an exception for the Accelero ICICI Bank Credit Card.
ICICI Bank clarified that while cards sourced with no joining or annual fees will not incur these charges initially, the bank retains the right to revise its policy and introduce annual fees in the future, adhering to regulatory guidelines.
Fee structure overview
Joining fee: ₹500 + Goods and Services Tax (GST)
Annual Fee: ₹500 + GST from the second year onwards, waived off if spending exceeds ₹1.5 lakh in the previous year.
In another development, ICICI Bank has announced a modified criterion for availing of complimentary airport lounge access.
Starting from April 1, 2024, customers will be required to spend a minimum of ₹35,000 in the preceding calendar quarter to unlock one complimentary airport lounge access for the subsequent quarter.
This new criteria applies to the following cards:
(Source: ICICI Bank website)
(Edited by : Amrita)
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