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

    ICICI Bank offers cash advance feature on most of its credit cards. ICICI credit card holders can make use of the feature to withdraw cash using their credit cards. It helps them in emergency and also provides a window to pay back along with interest. It acts as an instant loan which does not require any documentation or approval from the bank. However, a few cardholders are still not clear about the terms and conditions attached to ICICI cash advance, the charges levied, the interest charged, etc., that might possibly prevent them from using the feature. To all such individuals, here is a guide that covers most of the topics you need to know about ICICI credit card cash advance facility.

    What Is ICICI Credit Card Cash Advance?

    To begin with, let’s see what exactly is the cash advance feature offered by ICICI Bank or any other bank for that matter. Cash advance is a technical name for cash withdrawal facility available on a credit card. While a credit card is typically used to conduct offline and online card transactions, the cash advance feature allows the cardholders to withdraw cash from ATMs.

    ICICI cash advance feature is available on most of the ICICI Bank Credit Cards with almost similar fees and charges. However, the finance charges and other fees may vary from one card variant to another. Nevertheless, the fee and charges are subject to change at any point of time at the discretion of the bank.

    ICICI Credit Card Cash Withdrawal Limit

    Credit card cash limit or card advance limit is the amount of cash available for withdrawal on a particular credit card. It is typical a percentage of total credit limit of the credit card. Cardholders can withdraw cash using the credit card within the provided limit.

    ICICI Banks sets different cash limits for different credit cards. The cash limit on a particular credit card will be communicated at the time of card delivery. Further, on select ICICI credit cards, the cash limit will be zero for the initial 180 days after card issuance. Once the 180-day period is completed, the bank will make the cash advance facility available on the card.

    ICICI Bank Credit Card Cash Advance Fee

    Credit card cash advance fee is the amount levied on every credit card cash withdrawal. Every time you use your credit card to withdraw cash, you will have to pay certain fee, which will be added to your next month’s billing statement.

    ICICI Bank charges a cash advance fee of 2.5% of the withdrawn amount or Rs.300, whichever is higher, for most of the cards. The cash advance fee also attracts interest of 2.95% per month or 41.75% per annum from the date of withdrawal till the amount is paid back in full. The advance fee may also vary for withdrawals done at ICICI ATMs to non-ICICI ATMs, which typically attract more fee.

    Interest Charges On ICICI Cash Advance

    Just like credit card transactions at point of sale terminals and online portals, cash withdrawals are also eligible for finance charges.

    The charges will be levied at a monthly percentage rate from the date of withdrawal till the amount is paid back in full. The interest will be debited from the cardholder’s account till the payment is completely paid. ICICI typically charges rate of interest ranging from 2.49% to 3.5% per month depending on the credit card type. Cardholders can check the terms and conditions of their card to know card specific finance charges.

    Listed Below Are Finance Charges On A Few ICICI Credit Card Variants.

    ICICI Credit Card Variant Finance Charge or Interest Rate
    Monthly Rate Annual Rate
    Instant Platinum, Instant Gold and Fixed Deposit Instant Credit Cards 2.49% 29.88 %
    All other ICICI credit card except the above listed ones 3.40% 40.80 %
    Jet Airways ICICI Bank Credit Cards 3.50% 42%
    In case of default 3.5% (Max. interest rate) 42%

    The bank at its sole discretion have the rights to change the interest rates at any point of time for all the credit cards are for specific cards based on the spending pattern, payback and card utilization on the credit card.

    An important aspect about cash advances is that there is no interest free period. The interest will be levied from the date of cash withdrawal till the amount is paid back completely.  

    How To Withdraw Cash Using An ICICI Credit Card?

    Withdrawing cash using an ICICI Credit Card is almost similar to withdrawing cash using a debit card. All you need to do is visit any of ICICI ATM kiosks, insert your credit card in the card slot and follow the instructions for cash withdrawal. Step-by-step process is provided below.

    • Visit ICICI ATM kiosk
    • Insert your credit card and enter the PIN, the same PIN which you use for credit card transactions
    • Select ‘Cash withdrawal’ from the menu
    • Enter the amount and press ‘ok’

    Once the cash is dispensed, you will receive a message on your registered mobile number. The amount will be debited from the total cash limit and credited to the total outstanding on the card. Before withdrawing the cash using the credit card, you need to check the available cash limit on the card to prevent over withdrawal.

    ICICI Bank Cash Withdrawal  Fees And Charges

    A summary of all the charges applicable on ICICI cash advance facility is provided below.

    Description of Charges ICICI Credit Card Cash Advance
    Interest Free Period NIL
    Cash advance fee 2.5% of cash withdrawn or Rs.300 (whichever is higher)
    Minimum repayment amount 5% of outstanding amount or minimum Rs.200
    Cash advance limit Communicated at the time of card delivery
    Finance charges (on revolving credit) 2.49% - 3.5% per month

    Pros And Cons Of ICICI Cash Advance Facility

    Let us look at the advantages and disadvantages of using ICICI credit card cash advance facility.

    Advantages Of ICICI Cash Advance Facility

      • Instant cash without any balance
      • Can be used as emergency fund
      • No approval required from the bank
      • No need to submit any documents
      • Cash can be availed from any bank ATM
      • More your credit limit, more will be your cash limit
      • If unused, the same can be used for card transactions

    Disadvantages Of ICICI Cash Advance Facility

      • Attracts a cash advance fee for every withdrawal
      • Interest will be levied from the date of withdrawal
      • No interest free period
      • No reward points

    Frequently Asked Questions (Faqs) On ICICI Bank Credit Card Cash Advance Facility

    1. Where should I withdraw cash using my ICICI Credit Card?
    2. You can withdraw cash from any of the ICICI bank ATMs or other bank ATMs. However, cash withdrawn from other bank ATMs may attract more advance fee than ICICI ATMs.

    3. Where can I find the cash advance fee and finance charges on the cash advance?
    4. The cash advance fee and finance charges will reflect in your next billing statement.

    5. Can I increase cash limit of my ICICI Credit Card?
    6. In order to apply for cash limit enhancement on your credit card, you need to use your ICICI Credit Card at least for 12-18 months. Once you complete the period, you can call ICICI customer care to check the eligibility of your card for cash limit enhancement. You can also apply for it using your net banking account provided you register your card in the account.

    7. How to check cash limit and available cash advance on my ICICI Credit Card?
    8. You can either call ICICI customer care or check your ICICI internet banking account to find the total cash limit and available cash limit on the card.

    9. How many reward points can I earn for cash withdrawals made with ICICI Credit Card?
    10. The reward points programme offered by ICICI is not applicable for cash advances or cash withdrawals using credit card. You will not earn any reward points if you withdraw cash using your ICICI Credit Card.

      

    Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

    ICICI Credit Card Cash Withdrawal Reviews

    • IndusInd Bank Credit Card
      "Good card"
      0.5 5.0/5 "Blown Away!"
      Recently applied for INDUSIND BANK PLATINUM AURA EDGE CREDIT CARD, they have not charged me annual fee, the credit limit which they have given to me was good, there was no specific reason behind choosing this card, the card came on time, the process of getting credit card was good.
      Was this review helpful? 0
      , new delhi
      Reviewed on Apr 20, 2019
    • ICICI Bank Credit Card
      "Good Credit Card"
      0.5 5.0/5 "Blown Away!"
      ICICI gives good support to the customer, but the charges are bit higher for the late payment. The credit limit is very sufficient, I am using this card around 1.5 year. Whenever I use my card they are providing the points for fuel purpose its good.
      Was this review helpful? 0
      , virudhunagar
      Reviewed on Apr 20, 2019
    • Bank Bazaar Credit Card
      "Good Service"
      0.5 4.0/5 "Great!"
      Since registered member of Bank bazaar i was aware about this website .Need to aware of the current situation from bank end .whether customer is applying for any product communication should be transparent and should not miss guide anything beyond the process.
      Was this review helpful? 0
      , mumbai
      Reviewed on Apr 20, 2019
    • Citibank Credit Card
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      I have been using the credit card with the CITI BANK where they have given the good offers also the customer service good with this bank as they are responsive and the card service is good without any hassle process. There is a EMI option with this card.
      Was this review helpful? 0
      , pune
      Reviewed on Apr 20, 2019
    • ICICI Bank Credit Card
      "Good card"
      0.5 4.0/5 "Great!"
      I hold ICICI bank credit card from long time, they have not charged me annual fee, i am happy with the credit limit which they have given to me good credit limit, i am happy with their service, they use give good offers in shopping, movie tickets etc.
      Was this review helpful? 0
      , mumbai
      Reviewed on Apr 20, 2019
    • IndusInd Bank Credit Card
      "Not Satisfied with the Service"
      0.5 3.0/5 "Satisfactory"
      I have applied for Indusind Bank Credit card .The agent gave the required details and not faced any issue.This is a free card but after that paid the charge of Rs.900. This was not informed earlier .The Bank agent not gave the relevant details about the charges.I was not satisfied with the service provided by the bank .Other than that it was ok.
      Was this review helpful? 0
      , mumbai
      Reviewed on Apr 20, 2019
    • YES Bank Credit Card
      "GOOD"
      0.5 4.0/5 "Great!"
      The process of getting the YES BANK credit card is simple and easy also the card has the good credit limit along with that it is hassle free to use. It has the offers like rewards points, cash backs, online purchase. The card is good card to use.
      Was this review helpful? 0
      , pune
      Reviewed on Apr 20, 2019
    • ICICI Bank Credit Card
      "GOOD"
      0.5 4.0/5 "Great!"
      I have taken the credit card with the ICICI BANK and the card limit is good i have been using the card since from last few years and the documentation process was simple with fast to get the credit card. There was satisfactory offers with this credit card.
      Was this review helpful? 0
      , pune
      Reviewed on Apr 20, 2019
    • Standard Chartered Bank Credit Card
      "Good card"
      0.5 4.0/5 "Great!"
      I took Standard chartered bank credit card, They have not been charging me annual fee, the credit limit which they have given to me was good, they have given me limit on based on my expectation, their mobile application is user friendly , so far experience was good with this card.
      Was this review helpful? 0
      , mumbai
      Reviewed on Apr 20, 2019
    • ICICI Bank Credit Card
      "Good card"
      0.5 4.0/5 "Great!"
      I use Kotak mahindra bank credit card from long time, They have been charging me annual fee but waiver option is available , i am happy with the credit limit which they have given to me, they use to give good offers in airport lounge, their service was prompt, my experience with this card was good.
      Was this review helpful? 0
      , mumbai
      Reviewed on Apr 20, 2019
    • SBI Cards Credit Card
      "GOOD"
      0.5 4.0/5 "Great!"
      I am holding the credit card with the SBI CARD the credit limit with this card is satisfactory also the card is user friendly to access. I am getting the offers but i am using it also the card has the EMI conversion option it is easy to convert the payment.
      Was this review helpful? 0
      , pune
      Reviewed on Apr 20, 2019
    • HSBC Bank Credit Card
      "Good card"
      0.5 4.0/5 "Great!"
      HSBC credit card service is good, they use to give give good offers, like based on my requirement i take offers whenever i get, they have not charged me annual fee, their customer care service is good , they response me well, they use to give good credit limit.
      Was this review helpful? 0
      , mumbai
      Reviewed on Apr 20, 2019
    • HDFC Bank Credit Card
      "Good card"
      0.5 4.0/5 "Great!"
      I hold HDFC bank credit card for an while, They haver given me good credit limit based on my requirement, they did not charged me annual fee, their service is good, they did not charged me any hidden charges, i can easily transfer into emi option whenever i want, their overall service is good.
      Was this review helpful? 0
      , mumbai
      Reviewed on Apr 20, 2019
    • Citibank Credit Card
      "Good card"
      0.5 4.0/5 "Great!"
      I hold CITI bank credit card from longtime, they have charged me annual fee , but waiver option is not available , the credit limit which they have given to me was good, they use to do good transaction, their offers are good, they use to give good cash back and discounts everytime.
      Was this review helpful? 0
      , mumbai
      Reviewed on Apr 20, 2019
    • Axis Bank Credit Card
      "Average card"
      0.5 3.0/5 "Satisfactory"
      I hold Axis bank credit card from long time, They have not charged me annual fee, the credit limit which they have given to me was good, but i am not happy with their service, their service is not that up to the mark, their customer care should be improved, there is no issue with card.
      Was this review helpful? 0
      , mumbai
      Reviewed on Apr 20, 2019
    • IndusInd Bank Credit Card
      "Average card"
      0.5 3.0/5 "Satisfactory"
      I applied for Indusind bank credit card recently. The process of getting card was simple and easy, the card came on time, the reason behind choosing this card is for their offers they use to give good offers in movie tickets every 1+1 movie tickets every month they give. I am happy with the credit limit which they have given to me.
      Was this review helpful? 0
      , mumbai
      Reviewed on Apr 20, 2019
    • HDFC Bank Credit Card
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      I am using this HDFC Bank Credit Card for the past 4 years.The credit limit was good and i have directly applied with the bank.There was good cashback offers and reward points .There was no difficulties faced so far .I have received the credit card on time .The service is good to me so far.
      Was this review helpful? 0
      , new delhi
      Reviewed on Apr 20, 2019
    • Kotak Credit Card
      "Good card"
      0.5 4.0/5 "Great!"
      I am also using Kotak credit card and got reward points and I donâ??t know how to redeem my points and this information is not provided on the mobile app too.The customer service is okay and even the branch response was prompt. I think, they do charge annual fee of Rs.500.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Apr 20, 2019
    • IndusInd Bank Credit Card
      "AVERAGE"
      0.5 4.0/5 "Great!"
      They have given the good offers so i have taken the credit card with the INDUSIND BANK. The documentation process was good but there was delay to get the card which is twenty days. The credit limit is good and satisfactory and it is a life time free card.
      Was this review helpful? 0
      , bangalore
      Reviewed on Apr 20, 2019
    • Bank Bazaar Credit Card
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I have no issues with Bank Bazaar and its been a good experience. I have installed the mobile application to check the credit score then it is easy to apply the card according to the offers. I have been using it for long time. The executive explained the details very clearly about the product.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Apr 20, 2019
    Common Loader Icon
  • reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.