ICICI Student Credit Cards are specifically tailored for students who are pursuing higher education. These cards are designed to cater to the unique financial requirements and lifestyle of students.
These credit cards provide students with their first taste of financial independence.
They allow students to make purchases, pay bills, and manage their expenses on their own while building their credit history.
ICICI Bank encourages responsible credit card usage among students. These cards often come with lower credit limits, which can help students manage their expenses and learn about responsible borrowing.
ICICI Credit Card Interest Rate
ICICI Bank credit card interest rates can fluctuate between 2.49% and 3.67% per month, depending on various factors such as cardholder behavior, credit history, repayment habits, and more.
ICICI Bank allows its customers to make transactions or purchases using their credit cards without incurring any finance or interest charges.
However, if cardholders are unable to settle the outstanding amount by the due date, they will be liable to pay interest on the unpaid balance of their ICICI Bank credit card.
Interest Rates Associated with Top ICICI Bank Credit Cards
Below is a table displaying the varying interest rates applicable to select ICICI Bank credit cards:
|ICICI Bank Credit Card||Interest Rate|
|ICICI Bank Instant Platinum Credit Card||2.49% per month (29.88% per annum)|
|ICICI Bank Instant Gold Credit Card||2.49% per month (29.88% per annum)|
|Fixed Deposit Instant Credit Card||2.49% per month (29.88% per annum)|
|InterMiles ICICI Bank Credit Card||3.50% per month (42% per annum)|
|MakeMyTrip ICICI Bank Credit Card||3.50% per month (42% per annum)|
|ICICI Bank HPCL Super Saver Credit Card||3.50% per month (42% per annum)|
|Amazon Pay ICICI Bank Credit Card||3.50% per month (42% per annum)|
|Manchester United Credit Cards by ICICI Bank||3.67% per month (44% per annum)|
|Emirates Skywards ICICI Bank Emeralde Credit Card||3.67% per month (44% per annum)|
|Emirates Skywards ICICI Bank Sapphiro Credit Card||3.67% per month (44% per annum)|
|Emirates Skywards ICICI Bank Rubyx Credit Card||3.67% per month (44% per annum)|
|All other ICICI Bank Credit Cards||3.40% per month (40.80% per annum)|
Disclaimer: The information in the table above is subject to change. Please verify the interest rates on the official website before proceeding.
What is ICICI Bank Credit Card Interest-Free Period?
The interest-free period on ICICI Bank credit cards refers to the duration between the transaction date and the credit card payment due date. This period can vary, typically ranging from 20 days to up to 50 days.
As long as cardholders settle their outstanding balances within this interest-free period, they won’t incur any additional interest or finance charges. However, if they fail to pay the outstanding amount in full within this timeframe, interest will begin to accrue on the unpaid balance.
ICICI Student Credit Card Types
- ICICI Bank Student Travel Credit Card:
- Designed for students traveling abroad for education.
- Offers features like foreign currency loading, emergency assistance, and insurance.
- Can be used for educational expenses, shopping, and other purposes during international travel.
- ICICI Bank Student Credit Card:
- Designed for students pursuing higher education.
- Typically offers credit limits suited to student needs.
- May include features like discounts on books, dining, and online shopping.
- Encourages responsible credit usage and financial discipline.
- ICICI Bank Instant Platinum Credit Card:
- While not exclusively a student card, it’s accessible to students.
- Offers instant approval and issuance.
- Provides the benefits of a regular credit card, including cashback and rewards.
- Can be a good entry-level card for students looking to build credit.
What is ICICI Bank Student Forex Prepaid Card?
The ICICI Bank Student Forex Prepaid Card is a specialized prepaid travel card designed for students who are planning to study abroad.
It offers a convenient and secure way for students to manage their foreign currency needs while studying in a foreign country. Here are the features and benefits of the ICICI Bank Student Forex Prepaid Card:
- Multi-Currency Card: The card can be loaded with multiple foreign currencies, allowing students to carry funds in the currency of their choice or the currency of their destination country.
- Ease of Use: Students can use the card for various purposes, including tuition fees, accommodation, travel, and daily expenses. It works just like a regular debit or credit card and can be used for online and in-store purchases.
- Secure and Convenient: The card offers enhanced security features, including chip and PIN protection, making it safer than carrying cash. It also provides the convenience of not having to carry large amounts of foreign currency.
- Emergency Assistance: In case of a lost or stolen card, students can report it and get the card blocked. ICICI Bank provides emergency card replacement services and emergency cash disbursement to help students in such situations.
- Online Account Management: Cardholders can access their card account online to check their balance, transaction history, and reload the card as needed.
- Complimentary Insurance: Some versions of the ICICI Bank Student Forex Prepaid Card may offer complimentary travel insurance coverage, including coverage for lost baggage, medical emergencies, and more.
- Currency Conversion: The card typically offers competitive currency conversion rates, allowing students to get more value for their money when converting currencies.
- Students or their parents can reload funds onto the card from India as and when needed. This feature ensures that students have access to funds even while abroad.
- Accepted Worldwide: The card is widely accepted at millions of merchant locations and ATMs worldwide, making it a convenient payment option during travel.
Some versions of the card may provide exclusive discounts and offers at select partner merchants, adding value to the cardholder’s experience.
To obtain an ICICI Bank Student Forex Prepaid Card, students typically need to provide necessary documents and meet the bank’s eligibility criteria.
It’s important to check with ICICI Bank for the most up-to-date information on the card’s features, fees, and the process for obtaining it, as these details may change over time.
ICICI Bank Student Travel Credit Card
ICICI Bank has introduced a Student Travel Credit Card to simplify financial matters for international students.
This card facilitates the payment of application fees, course-related expenses, hostel fees, and day-to-day living costs, all while allowing parents to reload the card from India.
ICICI Bank, one of India’s largest private sector banks, offers this card to assist students pursuing higher education abroad with their expenses.
Benefits of ICICI Bank Student Travel Credit Card:
- Access to International Student Identity Card (ISIC) membership worth Rs.590.
- Card Protection Plus insurance worth Rs.1,600.
- Discounts of up to 40% on excess baggage and 20% on courier services via DHL.
- Croma shopping vouchers.
- Coverage for lost or counter card liability of up to Rs.5 lakh.
Eligibility Criteria for ICICI Bank Student Travel Credit Card:
- Applicants must be between 21 and 65 years of age.
- A stable monthly income is required.
- A good credit score of 750 or higher is necessary.
- Applicants should be residents of India or NRIs.
- The ICICI Bank Student Travel Card can be issued from ICICI Bank branches, Forex@Click, or the iMobile app.
- A minimum cumulative spend of USD 200 (or equivalent in other currencies) is required per day.
- Students under the age of 18 will receive an add-on card, while parents will be issued the primary card.
Documents Required to Apply for the Credit Card:
- Identification Proof: PAN Card, Aadhaar Card, Passport, or Driving License.
- Residence Proof: Aadhaar Card, Passport, Driving License, Electricity Bill, or Telephone Bill.
- Education Loan Account Statement.
- Fixed Deposit Account Receipt.
- Passport Size Photograph.
- Student ID Card.
ICICI Student Credit Card Fees and Charges:
- Joining Fee: Rs 2499 plus applicable taxes.
- Annual Fee: Rs 199 plus applicable taxes.
- Reload Fee: Rs 100.
- Transaction Fee: NIL at POS Machines.
- Cross Currency Fee: 3.5% plus applicable taxes.
- Inactivity Fee: $3.5 for every 180 days of inactivity.
- Replacement or Lost Cards: Lost in India – $3; Lost outside India – $20.
- Wallet to Wallet Transfer Fee: 2.5% of the transfer amount.
ICICI Bank Student Credit Card
The eligibility criteria for an ICICI Bank Student Credit Card may include:
- The applicant must be a student pursuing higher education.
- The minimum age requirement may vary, but typically, students as young as 18 years old can apply.
- Proof of admission to a recognized educational institution may be required.
- Income requirements may be relaxed or non-existent, as these cards are designed for students with limited or no income.
While the exact documentation may vary, applicants generally need to provide the following documents:
- Proof of identity (e.g., Aadhaar card, passport, or driver’s license).
- Proof of residence (e.g., utility bill or rental agreement).
- Proof of admission to an educational institution.
- Passport-sized photographs.
- Any other documents requested by ICICI Bank.
Fees and Charges:
The fees and charges associated with an ICICI Bank Student Credit Card will depend on the specific card variant and terms and conditions set by the bank. Common fees and charges may include:
- Annual fees (often lower for student cards).
- Interest rates on outstanding balances.
- Late payment fees.
- Overlimit fees.
- Foreign currency transaction fees (applicable for international use).
- Replacement card fees.
ICICI Bank Instant Platinum Credit Card
The ICICI Bank Instant Platinum Credit Card is an excellent choice if you need an instant and free credit card. It allows you to build or repair your credit score with an assured credit card against fixed deposits.
Eligibility Criteria for ICICI Bank Instant Platinum Credit Card:
- Open a fixed deposit account of at least Rs 20,000 with ICICI Bank.
- The minimum tenure of the ICICI Bank FD should be 180 days.
Please note that the card is not issued under the following circumstances:
- If the FD is in the name of third parties, HUF, society, partnership firms, trust, or companies.
- Against Linked/Quantum/80C/NRO/NRE/HFC FDs or if a lien is marked on the fixed deposit account.
- If the applicant is a minor and/or foreign national.
ICICI Bank Instant Platinum Credit Card Rewards Point Program:
- Cardholders earn 2 reward points on every Rs 100 spent.
- Reward points can be redeemed against cash, converting them into an equivalent cash amount credited to your credit card balance.
ICICI Bank Instant Platinum Credit Card Offers:
- BookMyShow Offer: Cardholders receive a 25% discount of up to Rs 100 on the purchase of a minimum of 2 tickets through the BookMyShow website, available twice a month.
- Dining Offer: Exclusive dining offers at TGI Fridays, Café Coffee Day, Pizza Hut, Mainland China, Vaango, etc., are available through ICICI Bank Culinary Treats Program.
Fees & Charges of ICICI Bank Instant Platinum Credit Card
|Supplementary Card Fee||NIL|
|Finance Charges||2.49% per month (29.88% p.a.)|
|Interest on Cash Advances||2.49% per month (29.88% p.a.)|
|Duplicate Statement Request (beyond 3 months)||Rs 100|
|Card Replacement Fee||Rs 100|
|Cheque/Cash pick-up fee||Rs 100 per pick-up|
|Charge Slip Request||Rs 100 per charge slip|
|Cash Advance Transaction Fee||2.5% on advanced amount (Minimum Rs 500)|
|Foreign currency transactions mark-up fee||3.5% of the transaction amount|
|Rent Pay Transactions fee||1% of the transaction amount|
|Late Payment Charges|
|Up to Rs 100||None|
|Between Rs 100 to Rs 500||Rs 100|
|Between Rs 501 to Rs 5,000||Rs 500|
|Between Rs 5,001 to Rs 10,000||Rs 750|
|Between Rs 10,001 to Rs 25,000||Rs 900|
|Between Rs 25,001 to Rs 50,000||Rs 1,000|
|Above Rs 50,000||Rs 1,200|
How can I apply for an ICICI Bank Student Credit Card?
You can apply for an ICICI Student Credit Card by visiting the nearest ICICI Bank branch or applying online through the bank’s official website. The application process typically requires you to provide necessary documents and meet the eligibility criteria.
What is an ICICI Bank Student Credit Card?
ICICI Bank Student Credit Card is a specially designed credit card for students who are pursuing higher education. It provides financial independence to students and helps them build their credit history.
Who is eligible for an ICICI Bank Student Credit Card?
Students pursuing higher education are generally eligible for an ICICI Student Credit Card. The minimum age requirement is typically 18 years. Other specific eligibility criteria may apply, depending on the card variant.
Do I need income proof to apply for a Student Credit Card?
Student Credit Cards are often designed for individuals with limited or no income. Therefore, income proof may not be required. However, other documentation, such as proof of admission to an educational institution, may be necessary.
What are the benefits of an ICICI Bank Student Credit Card?
Benefits may include an interest-free period, low credit limit, reward points on purchases, discounts on dining and entertainment, and the opportunity to build a credit history.
What fees are associated with an ICICI Bank Student Credit Card?
Fees and charges may include an annual fee (often lower for student cards), interest rates on outstanding balances, late payment fees, overlimit fees, foreign currency transaction fees (for international use), and replacement card fees. The specific fees depend on the card variant.
Is there a grace period for repayment on a Student Credit Card?
Many Student Credit Cards offer an interest-free period during which you can make purchases without incurring interest charges, provided you pay the outstanding balance in full by the due date.
The content presented in this article is of a general nature and is intended solely for informational purposes.
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