Most Important Terms and Conditions (MITC)

To get the complete version of the Credit Card Terms and Conditions, please visit www.icicibank.com

Schedule of Fees and Charges:

Please note that the entire Schedule of Fees and Charges, benefits and features may change at any
point of time at the discretion of ICICI Bank with prior notice to the Customer.

1. Joining Fees, Annual Fees and Supplementary Card Fees: There is no joining fee for the Amazon Pay
ICICI Bank Credit Card.

2. Finance Charges:

Overdue Interest on Extended Credit Interest on Cash Advances

Monthly Rate Annual Rate Monthly Rate Annual Rate
3.5% - 3.8% 42% - 45.6% 3.5% - 3.8% 42% - 45.6%

The interest rate will vary dynamically from 3.5% per month to 3.8% per month based on the
customer’s behavior and performance.

Other Fees and Charges:

Cash advance – transaction fee 2.50% on advanced amount, subject to a minimum of Rs 300.

Dial-a-draft – transaction fee 3% of the draft value amount subject to a minimum fee of Rs
300

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

the Total Amount Due and will be as follows:

Total Amount Due Late Payment Charges

Less than Rs 100 None

Late payment charges Between Rs 100 - Rs 500 Rs 100

Between Rs 501 - Rs 10,000 Rs 500

More than Rs 10,000 Rs 750

Over-limit charges* 2.50% on the over-limit amount (subject to a minimum of

Rs 500)

Return of cheque 2% of Total Amount Due (minimum Rs 450)#

Auto-Debit return fee 2% of Total Amount Due (minimum Rs 450)#

Fee on cash payment at branches Rs 100 per payment transaction

Outstation cheque processing fee 1% of the cheque value, subject to a minimum of Rs 100

Duplicate statement request

(beyond 3 months) Rs 100

Card replacement fee Rs 100

Cheque / Cash pick-up fee Rs 100 per pick-up

Charge slip request Rs 100 per charge slip

Foreign currency transactions** Mark-up of 3.50%###

Fuel surcharge Surcharge waiver of 1% of transaction value on all petrol

pumps on select cards.

Goods and Services Tax (GST) Effective 01 July 2017, the Goods and Services Tax (GST) will
be applicable instead of Service Tax. GST may be applicable
from time-to-time, presently the GST rate for banking and
financial services is at 18% (applicable on all fees, interest,
surcharge and other charges).
*Over-Limit Fee: Bank may approve certain transactions attempted by the Card Member which can
breach the credit limit, as a service gesture. Please note that if the outstanding amount exceeds the
credit limit, an over-limit fee of 2.5% of the over-limit amount (subject to a minimum of Rs 500) will be
levied. Over-limit status may also happen because of fees or interest charges.

**Charges in foreign currency: If a transaction is made in a currency other than Indian Rupees, that
transaction will be converted into Indian Rupees. The conversion will take place on the date the
transaction is settled with ICICI Bank, which may not be the same date on which the transaction was
made. If the transaction is not in US Dollars, the conversion will be made through US Dollars, by
converting the charged amount into US Dollars and then by converting the US Dollar amount into
Indian Rupees.

Unless a specific rate is required by applicable law, the conversion rate from US Dollar to Indian
Rupees will be at the rates provided by VISA, as the case may be, on the settlement date, increased by
a Currency Conversion Factor assessment (currently 3.50%) on such transactions.

#In addition Rs 50+GST will be debited from customer’s saving bank account.

Interest Charges:

 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 (from the transaction date) till
such time as the previous outstanding amounts are paid in full. Also, interest will be levied on all
cash advances from the date of the transaction until the date of payment.

 The rate of interest may be changed at the sole discretion of ICICI Bank.

 In case of default, interest charges may increase up to a maximum of 3.8% per month (46% per
annum).

The following illustration will indicate the method of calculating interest charges: In the table given
below, it has been assumed that the Total Amount Due of the previous month statement has been paid
by the payment due date and there is no outstanding amount. The statement date is 15th of every
month. Given these assumptions, interest will be calculated as below:

Transaction Rs

Purchase on April 10, 2019 2,000

Total Amount Due on statement dated April 15, 2019 2,000

Minimum Amount Due on statement dated April 15, 2019 100

Payment due date - May 3, 2019 -

Purchase on May 7, 2019 800

Payment on May 10, 2019 1,500

On statement dated May 15, 2019, following interest charges will be levied: -

Interest calculations @ 42% per annum -

a) Interest on Rs. 2000 for 30 days (from April 10 to May 9) 69.04

b) Interest on Rs. 500 for 6 days (from May 10 to May 15) 3.45

c) Interest on Rs. 800 for 9 days (from May 7 to May 15) 8.29

Total interest charged in the statement dated 15th May 80.78

GST will be applicable on interest charges.

Late Payment Charges (LPC):

Late payment charges will be applicable if the Minimum Amount Due is not paid by the payment due
date.
llustrative Example for Calculation of Late Payment Charges:

Payment of at least Minimum Amount Due i.e. Rs 100 in the above example, is required to be paid by
the payment due date (3rd May), to ensure that no late payment charges are levied. If minimum
amount due is not paid, late payment charges would be levied as per the below table:

Total Amount Due Late Payment Charges

Less than Rs 100 None

Between Rs 100 - Rs 500 Rs 100

Between Rs 501 - Rs 10,000 Rs 500

More than Rs 10,000 Rs 750

Thus, in the above example, since the minimum amount due of Rs 100 is not paid by the payment due
date of May 3, 2019 and since Total Amount Due was Rs 2000, late payment charges of Rs 500 will
be levied on 4th May, 2019. This charge will also be applicable if you make a payment of less than the
minimum amount due by the payment due date. GST will be applicable on late payment charges.

Interest- Free (Grace) Period:

The grace period could range from 18 to 48 days.

Illustrative Example for the calculation of grace period: For a statement for the period from April 15,
2019 to May 15, 2019 the payment due date would be June 2, 2019. Assuming that you have paid your
Total Amount Due of the previous month statement by the payment due date, the grace period would
be:

For a purchase dated April 24, 2019, the interest-free grace period is from April 24, 2019 to June 2,
2019, i.e. 40 days.

For a purchase dated May 14, 2019, the interest-free grace period is from May 14, 2019 to June 2,
2019, i.e. 20 days.

Thus, the grace period can vary depending upon the date of purchase. However, if the Total Amount
Due is not paid by the payment due date, then there will be no interest free period.

For cash advances, interest is charged from the date of the transaction until the date of payment.

Withdrawal Limits: The Credit Limit and Cash Withdrawal Limit are communicated at the time of
delivery of the Card and are also indicated in the monthly statements. Available credit limit is
calculated by deducting the utilized limit from the Total Credit Limit. In case the Card Member has
availed of any loan within the credit limit on the card, the outstanding loan amount will also be
deducted from the Total Credit Limit to arrive at the Available Credit limit. Cash limit will be a sub-set
of credit limit and will be NIL for the first one hundred and eighty (180) days from the date of issuance
of the Card, on select Cards as may be specified by ICICI Bank. After the expiry of the first 180 days
period from the date of issuance of the Card, the cash limit will be made available to the Card Member
by ICICI Bank at its sole discretion and on such terms as may be communicated by ICICI Bank from
time-to-time. The Card Member shall be entitled to apply for a review / enhancement / reduction of the
credit limit and/or cash limit if provided by ICICI Bank, upon completion of 12 months of his
membership. Alterations upon such review, if any, of the credit limit and/or cash limit will be at the sole
discretion of ICICI Bank. ICICI Bank shall at its sole discretion be entitled to review (including
enhancement or reduction) the credit limit and/or the cash limit assigned on the Card at any time and
only enhancements, if any, to the credit limit and/or the cash limit, shall be effected by ICICI Bank along
with the consent of the Card Member.

Billing:

a) Billing Statements – periodicity and mode of sending: All Card Member will be billed on a monthly
basis for all charges incurred by the use of the Card and for all charges applicable to the card
account. However, there may be no statement generated for the period in which there has been no
outstanding due and no transaction on the account in the past month. The billing statement will be
dispatched on a monthly basis to customers at the mailing address as per our records by post
and/or by e-mail.
b) Minimum Amount Payable: Without prejudice to the liability of the Card Member to immediately
pay all charges incurred, the Card Member may exercise the option to pay only the Minimum
Amount Due (MAD) indicated in the statement by the due date. The Minimum Amount Due shall be
5% of the outstanding amount. In case of any repayment through installments, the installment
amount due during the statement period will be added to the Minimum Amount Due. If the total
outstanding is more than the credit or cash limit, then the amount by which the credit or cash limit
has been exceeded will also be included in the Minimum Amount Due. Minimum Amount Due shall
also include unpaid Minimum Amount Due of the previous statements, if any. Interest will be
charged if the Total Amount Due is not paid by the payment due date even if the Minimum Amount
Due has been paid.

If customer has registered for Auto Debit facility towards Credit Card repayment and has selected
Minimum Amount Due option then the same will be executed on the due date provided no amount
is paid by the customer before due date. If customer has paid an amount less than Minimum
Amount Due before due date then differential amount would be debited. If customer has paid an
amount which is equal to or more than Minimum Amount Due before due date then no additional
amount will be debited from customer’s liability account.

If you spend Rs 5,000 and pay back exactly the Minimum Amount Due (subject to a minimum
payment of Rs 100) every month, it will take you up to 6 years and 6 months to pay back the total
amount. We therefore suggest that whenever your cash flows allow, pay back an amount
substantially more than your Minimum Amount Due.

No merchant refund/cashback/credit due to transactions converted to EMI / cancelled transactions

/ reversals / promotional cashback will be considered as a payment towards the outstanding of the
card.

In case card member makes an excess payment compared to the outstanding of the card, there
will be credit balance in the card account. This will be adjusted against the subsequent
transactions on the card. However no interest can be claimed on this excess credit amount.

c) Method of payment: Payments towards the Card Account may be made in any of the following
ways:

Cash: The Card Member may deposit cash at any of the branches of ICICI Bank towards the Card
payment. Such payments at branches would attract a fee of Rs 100 per payment transaction.

Cheque/Draft: Make a cheque or draft favouring ICICI Bank Credit Card No. XXXX XXXX XXXX
XXXX and drop it into the collection box at any ICICI Bank branch / Skypak drop boxes / ATM
locations where drop boxes are available.

If customer has made the payment towards the Credit Card dues by cheque then Credit limit equal
to cheque amount will be released only post realisation of the cheque.

Internet: If the Card Member holds a Savings Account with ICICI Bank he or she may pay online
through the ICICI Bank’s website. Just log on to www.icicibank.com.

Auto-Debit: If the Card Member holds a Savings Account with ICICI Bank, he/she may pay directly
through the Savings Account by giving an instruction in writing to debit the payment from such
account every month on the payment due date. In case the payment due date falls on a Sunday,
the amount would be debited from such account on the next day.

Click to Pay/NEFT: Pay your ICICI Bank Credit Card dues from any of your other bank Savings
Accounts using Click To Pay/NEFT.

d) Billing Disputes Resolution: In the event the Card Member disagrees with the charges indicated in
the statement, it should be communicated in writing to the correspondence address of ICICI Bank
within 60 (sixty) days of receipt of the statement, failing which it would be construed that all
charges indicated in the statement are in order.

e) Contact Particulars of ICICI Bank Customer Care Centres: The Card Member may contact ICICI
Bank at the following Toll free Number and/or at such other Customer Care numbers as may be
notified by ICICI Bank from time-to-time.
Toll Free No. for Amazon Pay ICICI Bank Credit Card – 1800 102 0123

Grievances Redressal/Complaints/Escalations: In the event that you are not satisfied with our services,
you may register your grievance by (i) visiting “Complaint Form” at www.icicibank. com or (ii) calling at
our Toll free number or (iii) writing to Mr. Vinayak More, Nodal Officer, ICICI Bank Limited, ICICI Phone
Banking Center, ICICI Bank Tower, 7th floor, Survey no: 115/27, Plot no. 12, Nanakramguda,
Serilingampally, Hyderabad – 500032, India. In all your communications with us, please indicate your
complete Credit Card number.

Complete Postal Address of the Bank: ICICI Bank Limited, ICICI Phone Banking Center, ICICI Bank
Tower, 7th floor, Survey no: 115/27, Plot no. 12, Nanakramguda, Serilingampally, Hyderabad –
500032, India.

Toll-free Number for Grievance Redressal: In the event you are not satisfied with our services, you may
register your grievance by dialing our toll-free number 1800 102 4242 between 9 a.m. to 6 p.m. from
Monday to Friday, press 1 and then enter the Service Request Number (numeric digits only) which
should not be more than 2 months old.

d) Default and Circumstances:

If the Card Member fails to pay the Minimum Amount Due by the date indicated in the billing
statement, it shall be treated as default. In case of default, the Bank can forward the default report to
the Credit Information Bureaus or to such other agencies as approved by law. The time period between
the payment due date and the billing date indicated on the billing statement is considered as the notice
period for reporting a Card Member as a defaulter. Terms and Conditions governing Credit Card
Facilities shall be applicable to the Supplementary Card Holders as well.

Procedure for withdrawal of default report and the period within which the default report would be
withdrawn after settlement of dues:

*The Bank submits the Card Member’s data to CIBIL - Credit Information Bureau (India) Limited every
month in the format prescribed by CIBIL. This data includes the repayment status of all Cardholders,
both defaulters and current, for the previous month. CIBIL uploads the submitted data onto their server
in another thirty days.

Recovery of dues in case of death/permanent incapacitance of the Card Member: It shall be in

accordance with the applicable laws after giving sufficient notice for payment of dues and all
information regarding the outstanding dues, to the successors/nominees /legal heirs of the Card
Member.

ICICI Bank offers free insurance cover on certain cards through a tie up with ICICI Lombard General
Insurance Company Limited or any other Insurance Company as may be decided by ICICI Bank from
time to time. For insurance details, cardholders are advised to go through the brochure in the welcome
kit or refer to www.icicibank.com.

Termination/Revocation/Surrender of Card membership:

The Card Member may at any time choose to terminate the Card Account with or without giving any
prior notice. For avoiding misuse, it is advised to cut the Credit Card into four pieces ensuring that the
hologram and magnetic strip are destroyed permanently. The Card Member may terminate the Card
membership at any time by writing to “ICICI Bank Limited, ICICI Phone Banking Center, ICICI Bank
Tower, 7th floor, Survey no: 115/27, Plot no. 12, Nanakramguda, Serilingampally, Hyderabad –
500032, India” by indicating the complete Card number. The termination shall only be effective once
ICICI Bank receives the payment of all amounts due and outstanding in respect of the said Card
Account.

In the event of a credit card program closure or at the time of renewal of credit card, ICICI Bank Limited
at its sole discretion reserves the right to provide a card type that is different from the existing card
type held by the card member. The credit limits and cash limits on any credit card at any point in time
are as per sole discretion of ICICI Bank Limited.

The card application shall continue to be valid for any replacement card provided at the time of
closure/renewal.
Loss/Theft/Misuse of Card:

In case of loss/theft/misuse of the Card, it must be reported immediately to ICICI Bank either through
the Customer Care or Simply SMS CCBLK to 5676766 from your registered mobile number only. The
Bank shall thereupon suspend the Card. The Card Member is advised to file an FIR with the local police
station so that the Card Member can produce its copy whenever requested by the Bank. The Card
Member shall be primarily responsible for the security of the Card including theft and for the
transactions using the Card. The Card Member shall not be liable for any transaction/s made on the
Card post reporting its loss/theft/damage. However, in case of any dispute relating to the time of
reporting such loss/ theft/damage and/or transactions made on the Card post reporting of the
loss/theft/damage/ misuse, the Bank reserves the right to ascertain such time and or the authenticity
of the disputed transactions. ICICI Bank reserves the right to block the Credit Card on suspected risk of
compromise in order to protect the interest of the Card Member and to avoid misuse in any manner on
the Card Account. The Card Member shall not be able to use the blocked Card for any transaction/s and
shall receive a replacement Card within 7 (seven) working days. In the event, the Card Member, after
being informed by ICICI Bank of the probable fraud risk, still requests to unblock the Card, ICICI Bank
shall not stand liable or responsible in any manner for any fraudulent transactions reported to it
thereafter on account of fraudulent usage of the Card or otherwise.

Disclosure:

The Bank shall part with all available information about the Card Member, repayment history etc. to
Credit Information Bureaus or to such other agencies approved by law. ICICI Bank/Group Companies
reserve the right to retain the application forms and documents provided therewith, including
photographs, and will not return the same.

Disclaimer:

*ICICI Bank may at its sole discretion, utilise the services of external service provider/s or agent/s and
on such terms as required or necessary, in relation to its products.

Generate Card in 3 minutes is applicable for select customer upon completion of online verification and
acceptance of the final offer.

Complete your KYC process through Video KYC in less than 5 minutes – can be availed by customers
who have successfully completed their Aadhaar based e-KYC and are holding original PAN card.