Santa Claus comes around just once a year. In the meantime, there are Credit Cards.
  • ICICI Bank Purchase Card is Rated as "Great!" by 10013 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Credit Card BYTES FROM OUR KITCHEN

    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.

    ICICI Bank Purchase Card Reviews

    • ICICI Bank Credit Card
      "Good application but need improvement"
      0.5 3.5/5 "Pretty good"
      I don't have good experience with ICICI, anyway the I mobile app is easy to do fund transfer and other service and if I place the request for cheque book immediately processed it. However some time the service get hang , they need to develop on that part.
      Was this review helpful? 1
      , new delhi
      Reviewed on Jan 14, 2019
    • ICICI Bank Credit Card
      "Good"
      0.5 3.0/5 "Satisfactory"
      The redemption of reward points are very less and the product they are offering for the points which was high. I am not able to purchase the product on those points. I have no issues with the customer support. The rate of interest is average. I need to spend a lot to accumulate the 10% discounts for shopping.
      Was this review helpful? 0
      , mohali
      Reviewed on Jan 14, 2019
    • ICICI Bank Credit Card
      "Can do Better"
      0.5 3.0/5 "Satisfactory"
      In ICICI bank, they were already collecting the interest rate for swiping the card, again in the bill they were adding one more charges its not upto the mark. Its a normal card with other benefits but still I think it has the annual fee around Rs. 500.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 14, 2019
    • ICICI Bank Credit Card
      "Need to improve"
      0.5 4.0/5 "Great!"
      I am having Coral card and using it almost 5 years, Still am not sure about the benefits. It was fine for the basic purpose. The credit limit needs to be better. There is no annual fee. I have contacted the helpline number and it takes bit longer to connect with the representative. There is no hidden charges so far.
      Was this review helpful? 0
      , thiruvananthapuram
      Reviewed on Jan 14, 2019
    • ICICI Bank Credit Card
      "Execellent"
      0.5 5.0/5 "Blown Away!"
      ICICI bank has been pretty good in the customer services. I hold a credit card and the banking process is excellent as all the features are online. The limit is also good and the offers are pleasing. The card is also accepted all over. The statements are clear.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 13, 2019
    • ICICI Bank Credit Card
      "On time process"
      0.5 4.0/5 "Great!"
      It was a good experience with ICICI Bank for the credit card. It was processed on time and I am happy with the credit limit. There are good offers on the card and the charges are nominal. The customer services was good overall as I was contacted on time.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jan 13, 2019
    • ICICI Bank Credit Card
      "Need to improve overall"
      0.5 3.0/5 "Satisfactory"
      I hold a credit card with ICICI Bank as well and it has not been a good experience. They need to work on the customer services and response and be more proactive. Like wise there should be an improvement in the offers as well. I will not recommend them for the card.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jan 13, 2019
    • ICICI Bank Credit Card
      "Banking is convenient"
      0.5 4.0/5 "Great!"
      ICICI bank is equally good in the benefits for the credit card. The customer support is good and and the time taken to reach them is not long. It is a quick process. The statements are clear and the transactions can be viewed online as well. Overall it is perfect.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 13, 2019
    • ICICI Bank Credit Card
      "Good in service"
      0.5 5.0/5 "Blown Away!"
      I bank with ICICI Bank for the credit card as well. They are good in the offers. I have requested for a enhancement and they are working on it. The credit limit was less initially. Else the customer services are good and they are responsive as well.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 13, 2019
    • ICICI Bank Credit Card
      "Easy to bank with"
      0.5 4.0/5 "Great!"
      ICICI bank is equally good in the benefits for the credit card. The customer support is good and and the time taken to reach them is not long. It is a quick process. The statements are clear and the transactions can be viewed online as well. Overall it is perfect.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jan 13, 2019
    • ICICI Bank Credit Card
      "Overall good experience"
      0.5 4.0/5 "Great!"
      The services at ICICI Bank is good and the experience is overall nice for the credit card. The card is accepted all over and the transactions are smooth, but it will be more nicer if I get the alerts on all the transfers done. I am also happy with the credit limit and it is a free card. The billing cycle is also comfortable.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 13, 2019
    • ICICI Bank Credit Card
      "Overall experience is fine"
      0.5 5.0/5 "Blown Away!"
      ICICI Bank has offered me a credit card as well. The customer services are good and there are good offers and the limit is also good. The statements are clear and are sent to me on time. I have not faced any inconvenience till date while using the card.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jan 13, 2019
    • ICICI Bank Credit Card
      "Satisfactory"
      0.5 5.0/5 "Blown Away!"
      I bank with ICICI Bank for the credit card and the process is good. The statements are clear and I receive the same on time. There are good offers and features and the credit limit is good as well. The card is a life time free card and no issues in all.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jan 13, 2019
    • ICICI Bank Credit Card
      "Happy with the services"
      0.5 5.0/5 "Blown Away!"
      The services on the credit card is also good at ICICI Bank. There are much of offers and there are no hassles while using it. I am happy with the overall experience. The credit limit is also satisfactory and there are no hidden charges on this card.
      Was this review helpful? 0
      , pune
      Reviewed on Jan 13, 2019
    • ICICI Bank Credit Card
      "Good in all"
      0.5 4.0/5 "Great!"
      I am getting a proper service for the credit card from ICICI Bank. There could be more offers on the card and the credit limit is good overall. The card can be accessed at all out lets and online as well. The customer services are good overall and online banking is user friendly.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 13, 2019
    • ICICI Bank Credit Card
      "Good Card"
      0.5 5.0/5 "Blown Away!"
      Its been 15-20 years since i am using ICICI credit card. I have got a good limit over here and i am happy with the services. I never had any issues over any transaction and i get messages, intimations instantly after every transaction. Customer service is good.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jan 13, 2019
    • ICICI Bank Credit Card
      "Best card"
      0.5 5.0/5 "Blown Away!"
      I am holding ICICI Coral credit card, I never utilized the benefits and I believe It has good offers. Am using it for more than 2 years. I just normally using for the basic purpose. The charges are nominal. I can convert the payments to flexi pay and payment was done via their app.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jan 12, 2019
    • ICICI Bank Credit Card
      "Good Card"
      0.5 4.0/5 "Great!"
      I hold a ICICI credit card and i am using it from few days. The limit which i have got on my card is good . Its a free life time card with no annual charges. Offers are not much and probably bank can provide offers to their customer. I get notifications after every transaction.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 12, 2019
    • ICICI Bank Credit Card
      "Good card"
      0.5 4.0/5 "Great!"
      I have not used very much, I have taken the card 3 months back. ICICI card has no annual charges. They have given a good credit limit of 35K even though transactions are very less. The customer service and response is excellent. There is no online app to make the payment, only who holds saving account they can do it through imobile app.
      Was this review helpful? 0
      , ranchi
      Reviewed on Jan 12, 2019
    • ICICI Bank Credit Card
      "Nice experience"
      0.5 4.0/5 "Great!"
      ICICI Bank is good overall in the credit card offers and deals. The customer services and response is good. The credit limit is good and there are no hassles while using the card. The statements are also sent to me on time. In all there is no inconvenience.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 12, 2019
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