Santa Claus comes around just once a year. In the meantime, there are Credit Cards.
  • ICICI Bank Purchase Card

    Corporates tend to spend a lot of money for various things. They have separate budgets for specific categories like office supplies, payment of utilities, etc. ICICI Bank offers Purchase Credit Cards to companies so that they can closely monitor expenditure that they carry out under categories like office supplies, utility payments, etc. It also makes their payment process faster and more efficient. Firms that depend on manual calculation and account keeping often witness higher costs of processing and an absence of visibility in the expenditure categories. On the other hand, companies using a purchase credit card have experienced an average saving of 10% in their overall costs. This was proven by a study that was conducted by Aberdeen Group Study 2005. 

    ICICI Bank Purchase Card makes tracking and analysis of data easy and more convenient. This further leads to better negotiation and sourcing by the firms. Let us take a detailed look at all the other functions that are performed by the ICICI Bank Purchase Card. 

    Features and Benefits of the ICICI Bank Purchase Credit Card

    The ICICI Bank Purchase Card comes with a set of useful and exciting features and benefits some of which are listed below:

    • Companies can enjoy up to 45 days of the interest-free period.
    • This card comes with advanced data for useful decision making and supplier negotiation based on facts.
    • This card is equipped with enhanced online reporting tools.
    • Cardholders can choose from two different billing dates.
    • A dedicated relationship manager will be available for the company to support its infrastructure.
    • Companies will receive online e-statement of their account with a proper break-up of the expenses made using the credit card.
    • This credit card is accepted across the world.
    • Companies will be provided with a relationship and sales team for the ongoing management of the account.

    Fees and Charges  of ICICI Bank Purchase Credit Card

    Listed below are the various fees and charges levied on the cardholder of an ICICI Purchase Card:

    Types of fees and charges Particulars
    Annual fee Nil
    Joining fee for primary as well as supplementary cardholders Nil
    Finance charges Since this is a charge card with no revolving credit, the company will have to pay the total outstanding balance on the due date.
    Default and late payment charges 3% of the total outstanding balance (subject to a minimum of Rs.400)
    Interest-free period Up to a maximum of 45 days of credit-free period
    Replacement card fee Rs.100
    Cash advance fee Not applicable
    Duplicate statement fee Rs.100
    Foreign currency transactions 3.50%
    Cheque/ECS return fee Rs.250
    Outstation cheque processing fee 0.5% of value of cheque subject to a minimum of Rs.100
      Charge slip retrieval fees Rs.100
    Fuel surcharge Not applicable
    Railway ticket booking surcharge 1.8% of transaction done online and 2.5% for over-the-counter tickets
    Fees on making cash payments at bank branches Rs.100

    How to Apply for an ICICI Purchase Credit Card?

    Companies can apply for an ICICI Purchase credit  Card in the following ways:

    1. They can log on to www.icicibank.com, select the ICICI Purchase Card and click on the “Apply” button. The page will lead the applicant to an application form on which they will need to fill in important details like their name, address, email ID, phone number, etc. Once they submit the application form, a customer care executive will get in touch with them and process their application.
    2. They can call the bank’s 24x7 customer care number at 1800-200-3344 and ask the executive to process your application.
    3. Alternatively, authorities from the company can walk into the nearest branch of ICICI and submit an application form in person.  

    Eligibility criteria  of the ICICI Bank Purchase Credit Card

    ICICI Bank has different eligibility criteria for different firms in India. However, the basic requirement is that the firm should not be involved in any kind of malpractices or illegal activities.

    FAQs about ICICI Bank Purchase Credit Card:

    1. What is the interest-free period that a firm can avail?
    2. A firm can enjoy an interest-free period of 45 days.

    3. Can firms withdraw cash using the ICICI Bank Purchase Card?
    4. No, there is no provision of cash withdrawal facility offered by ICICI Bank Purchase Card.

    5. Does the size of the firm matter in procurement of the card?
    6. Yes, the size of the firm matters to an extent.

    7. Does this card firms in cost-cutting?
    8. Yes, this card helps firms to cut costs by making legitimate and reasonable negotiations.

      

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    ICICI Bank Purchase Card Reviews

    • ICICI Bank Credit Card
      "Good"
      0.5 5.0/5 "Blown Away!"
      I am using ICICI bank life time platinum credit card for 20 days only. It is a life time free credit card. The credit limit is much sufficient to use for this card. I use it for medical purpose and recharge. The customer service is good and supportive.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Jun 15, 2019
    • ICICI Bank
      ICICI Bank Credit Card
      "Good Service"
      0.5 4.5/5 "Excellent!"
      I have an ICICI Bank credit card which is directly taken through the bank .The credit limit is good for me. It is of 70,000. I am using this credit card for the last 1 year. I never faced any difficulties on using this credit card since the service is good there was no requirement to call customer service. I am totally satisfied in using this credit card .
      Was this review helpful? 1
      , mumbai
      Reviewed on Jun 15, 2019
    • ICICI Bank Credit Card
      "Good Service"
      0.5 4.0/5 "Great!"
      I have ICICI bank credit card my name was wrongly printed and given time then got after 15 days it is not so good and this card has received after that ,The credit limit of the card was good.The agent gave all the relevant details about the card process.I am comfortable on using this card .
      Was this review helpful? 0
      , jaipur
      Reviewed on Jun 15, 2019
    • ICICI Bank Credit Card
      "Limit can be enhanced"
      0.5 3.0/5 "Satisfactory"
      Though I am customer for more than a decade with ICICI Bank. The bank is yet to enhance my credit limit on the credit card. They surely need to work on that. The customer support and response is good and there are no charges for the card. The online banking is good too.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jun 15, 2019
    • ICICI Bank Credit Card
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I have ICICI Bank credit card which was directly taken through Bank .I am using this credit card for the past 3 years .The credit limit was ok not so good according to me .There are cash back offers and reward points as well ,Customer service is also good and will get quick response if contact for any query .
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 15, 2019
    • ICICI Bank Credit Card
      "Need to improve limit and decrease charges"
      0.5 2.0/5 "Expected more"
      I was holding ICICI bank credit card for more than four months. But now I have blocked the card due to an annual fee charges are high in this bank and the credit limit is low and not met my expectation. I was using card for shopping and fuel purpose.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 15, 2019
    • ICICI Bank Credit Card
      "Not satisfied"
      0.5 2.0/5 "Expected more"
      I have taken ICICI bank credit card from long time, but i am not happy with their credit limit which they have given to me, like i expected up to 1,00,000 but they have given to me up to 60,000 only, they have not charged me any hidden charges as it is life time free credit card. But no offers available.
      Was this review helpful? 0
      , noida
      Reviewed on Jun 14, 2019
    • ICICI Bank Credit Card
      "Good card"
      0.5 4.0/5 "Great!"
      I have been holding ICICI bank credit card from past five years, They have not charged me annual fee as it is life time free credit card, the credit limit which they have given to me was okay, They did not charged me any hidden charges, they do not give much offers in this card, Their service is good.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 14, 2019
    • ICICI Bank Credit Card
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I have ICICI Bank credit card which was taken through Online .The credit limit was very good and this card is very useful and so far not faced any drawbacks on using this card.There are good reward points and cash back offers ,I have got all the details about the card process,
      Was this review helpful? 0
      , coimbatore
      Reviewed on Jun 14, 2019
    • ICICI Bank Credit Card
      "Good Card"
      0.5 5.0/5 "Blown Away!"
      My ICICI - DMRC card is very good to use. I get 10% cashback offer on Delhi metro rail ticket booking. This is a automatic bill system hence no need to do the recharge. I purchased this card through online. The main reason for using the card is buying a Delhi metro tickets. The customer care service is upto the mark.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jun 14, 2019
    • ICICI Bank Credit Card
      "Best card"
      0.5 5.0/5 "Blown Away!"
      My credit card was taken from ICICI and bank people has provided me this card because i have a salary account with the. I have a HP petroleum card, in that i get a 5% cashback on HP petroleum, bunks. It is a life time free credit card and the service has been good. They have a very good rewards points system and i get cashback offer in online purchase.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jun 14, 2019
    • ICICI Bank Credit Card
      "Excellent card"
      0.5 5.0/5 "Blown Away!"
      I have been holding ICICI bank credit card from long time, they have charged me annual fee in this card, but not sure about waived option, the credit limit which they have given to me was good, i am happy with the credit limit, they have given me good service so far, Their offers are good.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 14, 2019
    • ICICI Bank Credit Card
      "Limit can be enhanced"
      0.5 4.0/5 "Great!"
      ICICI Bank has offered me a life time free credit card. The credit limit is not satisfactory. It is my first card so I am coping up with it. The credit limit has to be enhanced. Else it is good, I get movie tickets every month and the customer services are good.
      Was this review helpful? 0
      , lucknow
      Reviewed on Jun 14, 2019
    • ICICI Bank Credit Card
      "Good"
      0.5 4.0/5 "Great!"
      I am holding ICICI bank credit card for more than 6 years. The credit limit is much sufficient to use. From given for a life time free credit card. As of now no issue in this card for using it. I can able to use this card for many purposes like shopping.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Jun 14, 2019
    • ICICI Bank Credit Card
      "BELOW AVERAGE"
      0.5 1.0/5 "Really Bad"
      The card has provided with the 25K which is lesser and requested for hike they have not responded properly to give the hike with the card. The service is not good in this card. It is a payable card for yearly once. I am not satisfied with the service of card.
      Was this review helpful? 0
      , lucknow
      Reviewed on Jun 14, 2019
    • ICICI Bank Credit Card
      "Worst card"
      0.5 2.0/5 "Expected more"
      Last 6 years I'm using my ICICI credit card but they have upgraded the card but the credit limit is very less and they have not increased the limit. The service is poor. When i requested to increase the limit, they have asked me to produce my salary slip. There is no good rewards points system and to convert the rewards points to cash i called the customer care, the response is not good.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Jun 14, 2019
    • ICICI Bank Credit Card
      "Excellent card"
      0.5 5.0/5 "Blown Away!"
      I have been holding ICICI bank credit card from past two to three years back, they have not charged me any annual fee as it is life time free credit card, the credit limit which they have given to me was good, they have given me as per my requirement, Their service is good.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 14, 2019
    • ICICI Bank Credit Card
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      I am using the card form last 10 years with ICICI BANK and the benefits in the card are good, there are good rewards points. The card has the sufficient credit limit also it is a life time free card. The application is easy to do the billing through online.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Jun 14, 2019
    • ICICI Bank Credit Card
      "Best card to have"
      0.5 5.0/5 "Blown Away!"
      After looked my transaction, they have disbursed the card from ICICI when i approach them for credit cards. I like the ICICI services. To make all my bank credit card payment i use this account. Its hassle free services and i can get 24*7 services from them hence they are one of the best service providers in the market. I got the card with a free of cost and the card got upgraded automatically. When i lost the card, i visited the branch and given my documents, within 10 minutes they have issued me a new credit card.
      Was this review helpful? 0
      , secunderabad
      Reviewed on Jun 14, 2019
    • ICICI Bank Credit Card
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      I am using the AMAZON PAY card with the ICICI BANK the benefit of this card is that there are rewards points getting in this card is best also for spending 30K the 323 rupees of cash will get automatically debited into the amazon wallet. The card has the good credit limit.
      Was this review helpful? 1
      , chennai
      Reviewed on Jun 14, 2019
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