ICICI Bank Credit Cards Introduce No Annual Fees on Selected Cards
ICICI Bank India’s largest privately owned listed bank recently announced that itno longer charges its credit card holders an annual fee for any of its pure play card offerings. ICICI Bank announced this change at the beginning of August, effectively eliminating annual fees for all ICICI Bank credit cards holders including existing ICICI Bank Credit Card holders retroactively. Not all cards have this benefit. All ICICI Bank Credit card holders can take advantage, but those holding co-branded ICICI Bank Credit Cards that have been issued jointly with airlines will still be required to pay the annual fee.
ICICI Bank is an innovator in the Indian credit card space offering ground breaking India specific products and now has more credit cards issued in India than any other financial institution in the country, offering the following services through ICICI Bank :
- auto debit
- bills payments
- travel services
- hospitalisation benefits
- balance transfer
- EMI-on-call
- dial-a-draft and
- credit limit enhancements
>> Compare India’s best Credit Card Deals here
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[...] Citibank has over 3.7 million credit card customers in India whilst HSBC has 2.8 million. HSBC does in fact levy a fee of between Rs 750 to Rs 4,000 (about $16 to $85) annually ICICI Bank charges a minimum annual fee of Rs1,500 ($32) depending on the type of card being held. ICICI Bank had recently announced at the start of last month that it was waiving all fees on all non cobranded cards. That will obviously have to change if the Supreme Court rules against the Industry lobby. Read our recent blog post - ICICI Bank Credit Cards Introduce No Annual Fees on Selected Cards [...]