You can transfer the credit balance outstanding on another bank credit card to your ICICI Bank credit card at an attractively low rate of interest. With this facility, you can save a lot of money on the interest paid out on the credit card and can consolidate the outstanding balance available on your credit cards. Here are more details on the balance transfer facility provided by ICICI Bank Credit Cards.
The features of ICICI Bank credit card balance transfer is given below:
The following are the benefits of ICICI bank credit card balance transfers:
Other Bank's Credit Card Balance Transfer
The following are the eligibility criteria to avail a balance transfer service offered by ICICI Bank Credit Cards:
ICICI Bank does not require you to provide any form of documentation to be able to use the credit card balance transfer feature. However, the bank will not extend the benefit to you if you do not qualify for the same as per the prescribed eligibility criteria.
The bank allows customers to balance transfer through NEFT or Demand Draft (DD). To avail NEFT transfer facility, the customers need to send an e-mail to email@example.com mentioning the below details:
You can even call 1860 120 7777 to enquire about the balance transfer procedure.
To apply for credit card balance transfer with ICICI bank, you can call the bank’s customer service or text BT to 5676766. A representative of the bank will call you back at the number provided by you.
In order to proceed with the Balance Transfer, you have to follow any of the two methods given below:
Yes, you will be able to cancel the ICICI Bank Balance Transfer facility within 15 days from the date when you avail the same. This can be done by getting in touch with the bank through its 24-Hour Customer Care.
Yes, you can foreclose the ICICI Bank Balance Transfer facility at any point in time after availing it. In order to initiate the foreclosure, you will be required to get in touch with bank through its 24-Hour Customer Care.
Yes, you can contact ICICI Bank’s customer care to avail yourself of the balance transfer option.
You can convert the balance transfer amount to a maximum of six EMIs.
It takes around three days to complete the process after approving the request of balance transfer by the bank.
There is no rule or limit for transferring the balance of your existing credit card to ICICI Bank credit Card. The rules and regulations may vary depending upon bank norms and RBI policies, so make sure to contact the bank before opting for a balance transfer service.
ICICI Bank credit card balance transfer service charge imposed on the customer is 1.25%.
Yes, it may have a minor impact on your credit card score depending upon the type of inquiry recorded. A hard inquiry recorded on credit card remains for two years, while soft inquiry has a very minor impact on credit score.
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