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New rules of ICICI Credit Card: If you are also using ICICI Bank credit card, then this information is for you. By changing the rules of different cards, the bank has drastically increased the charges for paying utility bills through credit cards.
According to the new rule, if you pay utility bills with certain credit cards of ICICI Bank and the bill exceeds Rs 50,000 in a statement cycle, you will have to pay an additional charge of 1 percent on the bill payment. The new rules will come into effect from 15 November 2024.
The bank also changed other rules
This is the second time this year that ICICI Bank has changed its credit card rules. The new rules double the spending requirement to access airport lounges. Additionally, there will be additional charges for limit and supplementary card holders on returns received on utility bill payments.
In some other rules, if a user does educational transaction using any third platform, then he will also have to pay a charge for it.
Reward limit on utility and insurance payment transactions
Cardholders currently earn rewards points on utility and insurance payments. But now that too has been reduced. Premium credit cardholders (ICICI Bank Rubix Visa, Safiro Visa, Emerald Visa and others) will be rewarded on monthly spends of up to Rs 80,000 on utilities and insurance. The limit on all other cards has been fixed at Rs 40,000 per month.