ICICI bank offers its existing credit card users two different options to convert their credit card payment into EMIs - EMI on Call and Instant EMI.
While EMI on call is applicable post purchase, Instant EMI is applicable only on selected purchases. In both the cases, the minimum purchase amount should be more than Rs.3,000.
Availing ICICI’s ‘EMI on Call’ facility
ICICI credit card users have three different ways to raise a request for converting their credit card bill into EMIs
Call Customer Care: Visit ICICI’s customer care numbers page https://www.icicibank.com/customer-care.page? to find your city/state specific helpline number. Have your credit card handy while calling as you may be asked for the card details. You can clear all your doubts as well as apply for the conversion through the same call.
By sending an SMS: If your attempts to approach the customer care fail, send an SMS ‘EMI’ to 5676766. You’re likely to receive a call on the registered mobile number. Once you receive the call, you can raise a request to convert credit card transaction into EMI.
Internet banking: Using ICICI net banking makes your job even easier. If you have an existing net banking account, login with your credentials. Click 'Convert to EMI' option listed under Credit Cards section.
Select the transaction you wish to convert into EMI, tenure, which is typically between 3-12 months and click Convert into easy EMIs.
Once you’ve raised the request using any of the above mentioned methods, you will receive an acknowledgement as well as a confirmation message from the bank. Your request will be processed in a few days or immediately based on your eligibility.
Things to Note while Applying for ICICI’s ‘EMI on Call’ facility
The EMI on Call facility is available only on ICICI bank retail credit cards
You can apply for EMI on Call facility within 30 days from the date of purchase only
ICICI reserves the right to approve or reject the conversion request
The bank will take two working days to convert your credit card bill into EMIs once the request is raised
Certain transactions involving purchase of fuel, gold, jewellery, cash withdrawals are not eligible for EMI conversion
The interest rate and the processing fee will be same as mentioned to the card member at the time of availing the scheme
Interest calculation will begin from the time the request for EMI conversion has been made
Prepayment of EMI or pre-closing the facility is possible at any point of time by contacting ICICI bank's customer care. A foreclosure fee will be charged as applicable
Customers has the provision to cancel the EMI conversion within 15 days of availing the facility. Upon successful cancellation, the original transaction amount will be debited back to the account and all the levied charges for conversion will be reversed.
Availing ICICI’s ‘Instant EMI’ facility
Instant EMI is another option offered by ICICI bank applicable for the credit card transactions conducted using retail credit card on Electronic Data Capture (EDC) terminal available at the point of sale and also for online transactions eligible for EMI payment option.
ICICI has partnered with more than 250 retail brands to offer best EMI deals to its credit card customers. The deals will be displayed for the eligible products available for sale on various ecommerce platforms or will be explained by the retail seller if the product is eligible for Instant EMI conversion.
Once the customer performs the transaction and when his/her card has the requested balance, the transaction will be approved. The purchase will be automatically converted into EMI scheme.
Customers can choose a tenure of 3, 6, 9, 12, 18 or 24 months. The bank is currently charging zero processing fee for converting credit card purchases into EMIs.
The Instant EMI option is not available for some of the ICICI credit cards such as EMI Card, Business Card, American Express Card and Corporate Card.
Both pre-closure and cancellation facilities are available for Instant EMI option with almost similar terms and conditions as EMI on Call.
ICICI Credit Card EMI Calculator
Before opting for EMI conversion option you can calculate your monthly installment on your own by using ICICI EMI calculator option. The calculator is available for both Instant EMI and EMI on Call options. To use the calculator, follow the steps below.
Visit the ICICI EMI calculator page.
https://www.icicibank.com/calculators/credit-card-emi-calculator.html and enter the details as required.
You have to enter the amount you want to convert into EMI in the transaction amount column, select the tenure, and enter the rate of interest.
As soon as you enter the details you will find a table towards your right with EMI amount, principal and interest you are paying, and balance amount. You will also find total interest payable and the total amount payable for the selected tenure and interest.
Alternatively, you can also use the below table for reference. It shows the EMI (calculated at interest rate of 13% per annum) you need to pay based on your loan amount and tenure.
Loan Amount (Rs.)
The rate of interest considered to calculate the EMIs is 13%.
All You Need To Know About ICICI Instant Emi On Credit Cards
ICICI Bank offers ‘Shop in full, pay in parts’ through its Instant EMI facility available on most of the ICICI Bank credit cards. Using the facility cardholders can convert their credit card transactions into easy monthly instalments (EMIs). EMI conversion will be done upon request by the cardholder. Customers can enjoy flexible tenures and hassle-free EMI conversion using the bank’s instant EMI facility.
The key features offered by ICICI Bank’s Instant EMI facility include availability of more than 250 brands that allow purchases on EMI, no documents required for conversion, multiple tenure options including 3,6,9,12, 18 and 24 months available, low-interest rate ranging from 13% to 15%, and zero processing fee.
To avail the instant EMI facility, ICICI credit cardholders can either call the customer care to request EMI conversion on select transactions or they can simply login to their net banking account and raise a request for the same. They can also choose the facility while making online payments by choosing the EMI option. If the account has requisite balance the transaction will be approved instantly and the same will be converted into Instant EMI immediately. Your next month’s billing statement will clearly display the transaction converted into EMI. The monthly instalment will be added to the minimum amount due every month.
21 September 2018
Bluetooth Speakers Selling On Offer At Flipkart And Amazon
Bluetooth speakers have become quite popular these days with a horde of them showing up on Amazon, Flipkart and other e commerce sites.
There are speakers manufactures like JBL, Bose, etc who are all coming with top-notch speakers that offer the best of sound quality you can have on a portable speaker.
Besides, most of these speakers are available on offers. Even more so, if you use your credit and debit cards to make the purchase. For instance, you can get up to 5% cashback upon purchases if you use the EMI option on ICICI Bank credit cards. You will get extra 5% cash back if you use your Axis Bank Buzz Credit Card and also get free shipping and cash on delivery options on the purchases.
The Flip 4 from JBL comes with wireless bluetooth streaming with up to 12 hours of playtime, 3000 mAh battery, and an IPX7 waterproof rating. It also has a speakerphone and Voice Assistant Integration, which means you can connect it to your phone’s assistant to have conversations and ask quick questions.
28 August 2018
Xiaomi Launches The Redmi Y2 Today; Available For Purchases
Xiaomi, the Chinese smartphone manufacturer, has become the most popular brand in the country and it is looking to consolidate its position with a new release.
This, the company is doing, in the form of the Redmi Y2 - a budget smartphone - available for purchase at Rs.9,999 exclusively on the 21st at 12PM
Also, people looking to buy it can only do so on Amazon, where it is available exclusively. The phone comes in two variants, a 3GB RAM and 32GB storage variant, and a 4GB RAM and 64GB variant. Also, ICICI Bank credit card holders can avail a 10% instant discount when they buy it on EMI while HDFC Card holders can avail a 5% instant discount when they buy it on EMI.
On the pricing front, the 3GB/32GB variant is priced at Rs.9.999 and the 4GB/64GB variant can be purchased for Rs.12,999. Both the phone come with a 5.99-inch HD+ screen which is powered by a Snapdragon SD 625 processor and a 3,080 mAh battery. It is available in three different colours: Gold, Dark Grey, and Rose Gold variants.
23 August 2018
Kerala Floods: Icici Bank Waives Off Penalty For Late Payment Of EMIs, Credit Card Dues In August
In a bid to offer some financial relief to the flood-hit customers in Kerala, ICICI Bank has announced that it will waive off several charges and transaction fees. The the largest private lender in the country has also waived off penalties on late payment of EMIs for all retail loans including car, home and credit card dues in August for customers in Kerala. The bank customers in Kerala will also be waived off the cheque-bouncing charges for this month. The bank has also contributed Rs.10 crore for rehabilitation work in the flood-hit state. Moreover, the bank will also contribute Rs.2 crore to the District Collectors’ efforts in all the 14 districts of Kerala to help in the supply of essential commodities like clothes, food items, medicines, sanitation and hygiene products and others. In addition, the bank will contribute Rs.8 crore for Chief Minister’s Distress Relief Fund.
21 August 2018
Use Your Credit Card on Amazon and Get up to Rs.2,399 Discount on Oppo Realme 1 and Moto E5 Plus
Amazon.in is offering amazing offers to those who buy smartphones through their website. If you use your ICICI Bank credit card to purchase Oppo Realme 1, you can get an additional 10% off on the total bill amount. This offer is only applicable on EMI )Equated Monthly Instalments) transactions. For Bajaj Finserv or any other major credit card user, EMIs will cost no interest or extra charges. Similarly, you can use your ICICI Bank credit card to buy Moto E5 Plus and get an additional 10% discount. So, if you are planning to buy a new phone, this is the right time. Go and grab the offers.
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Am having ICICI credit card for two years, I feel good and have not face any issues. The best part about the card is its a life time free card. I used to get my card statement on time. I used this card for shopping, groceries and for many other personal purposes.I am using the bank mobile app which function smooth and simple.
I have been using ICICI card for more than one year. They have provided an annual fee chargeable card and waiver off option is applicable. The credit limit is okay of 50K. Since I need to do purchase about 45K on some of the month so this limit is not sufficient. I swipe the card for travel, shopping and fuel purposes. I have not opted for EMI conversion.
I got Make My Trip card offer directly from ICICI bank. Hence I have been using this card for more than a year. First year annual fee chargeable of 500 rupees from 2nd year onward its free. The credit limit is 60K. Since they provide more offers so chosen it. I am yet to use for travel purpose. Mobile app is user friendly to access. It is easy to check the statement in app and will be update on time.
ICICI has given easy option to convert for EMI either I can do by mobile app or net banking rather calling the banker to raise a request, so that I feel best in this bank. The charge is nominal. I have been using this card for more than 4 years. It is a life time free card. The credit limit is okay of 36K only once they have increased the limit for second time I have refused it. It is a Platinum card. I use this card for an online purchase and fuel purposes.
I am unhappy with ICICI customer service because there is no proper response from their end. The limit which was provided from bank was not sufficient and low of only 16K. Since 16 years I am using this card not even a single time I got a call from bank for enhancement. It is a life time free card. The best which I would like to say is this card is acceptable in many places.
The credit limit which is provided from ICICI bank was sufficient to use. Its been one year I am holding this card. They have provided an annual fee chargeable of 4K but they have given an option for wavier off as need to spend 3K on monthly. I swipe the card for shopping, fuel purpose so got reward points.
ICICI bank have provided a good credit card to me which have a lot of offers in traveling, fuel surcharge, buy one get one free movie tickets every months along with many rewards points. Its also a life time free card.The card is very convenience to used. I do my credit card payment through bank.
Since I am having my saving account in ICICI bank and the bank so i decides to apply for a credit card also but i am not satisfied since the credit limit is only 50,000 as I am expecting to get more than the limit, the rate of interest is 13%. However it was fine because it is a life time free card.
I am using ICICI credit card more than 8-9 months . This is a free card and i am getting reward points and cash back offer. It has a offer for buy one get one movie tickets and they given a very less credit limit, compare to my other cards credit limit is not sufficient. ICICI app is excellent, its very friendly for the user.
I have closed ICICI credit card for a long time ago because i feel that it is no use to me as it have so many credit card with a good credit limit because the limit of this card is only 18,000 which is very low even though its a free card. I have taken the card because the agent came to the mall and suggested this card to me.
I have applied ICICI Bank Amazon credit card for the past 7 months and I am getting 2,500 cash back and they given 5% on amazon shop and also 2,800 cash back till now all discount I have utilized . I am not sure with the rate of interest because i am paying on time bill.
I am using ICICI card for more than 3-4 years. It is a life time free card. The credit limit is less only, though I got a call from bank and ready to enhance but not accepted from my end. There is EMI conversion option. There is no offers and I am not getting benefits like cash back and reward points. Their service is good.
I am using ICICI bank credit card which was taken through online .I am using this credit card for the past 2 years only ,This card is very useful on all emergency situations ,This was a life time free card and this card is playing vital role on when dont have cash on hand ,nowadays this credit card is used by everyone and the service was really good .
I am using ICICI credit card for more than two years, I apply the card because at that time I was in need. I don't remember how much is the credit limit, because I had check it long time back. The customer service is very good because whenever I call the bank they always give a fast response. I am very much satisfied with the bank.
From ICICI Bank, i am using make my trip signature credit card. I am using for travel purpose and i am getting lounge access and there is a no annual charges only one time joining perks is Rs. 1500 for that they given flight ticket through my wallet, i used that. I am getting reward point added to my make my trip wallet and i can use in any airlines.
I am using ICICI Bank coral credit card, maximum i am using for groceries , shopping all purpose. I applied this card through other channel and EMI facilities are available. The rate of interest was okay and its a good card process. Annual charges is applicable and I am getting 1+1 movie offer.
I got amazon card from ICICI Bank, recently i got this credit card . What ever we purchase in amazon I am getting 5% discount, still yet to start this card. I have applied this card through amazon app and the process was done by online itself. Their service was quite long and good.
ICICI has provided the credit limit of 50K which is fine to use. I am using this card around 1.5 years. It is an annual fee chargeable of 500 rupees which was processed via bank. I applied through an online shopping so I get cash back and for mobile purchase I get good discount and cash back up to 5%. EMI conversion is applicable.
I am using ICICI Bank Coral credit card more than 2 years. This is a free card and i am getting reward points and cash back offer. It has offer for buy one get one movie tickets and they given a good credit limit, apart from this interest is very low. ICICI app is excellent, its very friendly for the user and the tele calling is good and i am getting reminder. My wife use to shop at big basket got a discount also.
I have been using ICICI card past 2 months which was applied via online. They have offered a life time free card. But the credit limit is not sufficient got only 35K, requested to increased the limit but the banker is saying they can do lesser for a first time. EMI conversion is applicable. It is a platinum card. I use this card for all purposes.