ICICI -Credit card balance: Process, suitability and key benefits set out | Mint

ICICI Bank offers a balance transfer service for credit card holders to consolidate debt and reduce interest payments. The process usually takes three to five working days, allowing transfers at a reduced or zero percent interest for a limited time. Want to balance your transfer in ICICI Credit Card: Know the process and suitability. Do you have credit card debt with a high interest card from an earlier bank being transferred? An ICICI Bank Credit Card Adeur may enable you to lower your interest costs and facilitate debt consolidation. But what should you keep in mind, and how does this process really work? Let’s look at the precautions of transferring a balance using ICICI Bank, as well as the process in more detail. Understanding the transfer of balance transfer balance means transferring outstanding balances from one or more credit card (s) to your ICICI Bank Credit Card, in such a way that is often a limited time with a reduced or zero percentage. You can use this service to: reduce expensive interest payments, combine many credit card accounts in one refund faster with reasonable EMIs that can apply for ICICI balance transfer? ICICI Bank Credit Cardholders who handle the repayment of their credit card balances have the option for this service. You must also: at least £ 15,000 in unpaid balances on your existing non-icici card. A flawless repayment history. Balance transfer options available ICICI Bank offers two main types of balance transfers: 1. EMI balance transfer surge options: three, six or nine months. Have an EMI in place, with monthly fees of interest from 1.25%. May have a processing fee (usually 1% of the balance transferred, or a flat fee of £ 199). 2. Interest -free period balance transfer Interest -free period: up to three months. You must repay the entire amount within the interest -free timeframe to prevent interest. How to apply for ICICI balance transfer? 1) Online Via Internet Banking: Visit ICICI Internet Banking and Sign in. Go to the “Credit Card” section. Click “Balance Transfer.” Fill in the transfer amount and the credit card number of your other bank. 2) Use the Imobile app: Open Imobile application of ICICI. Choose the credit card you want. Tap on the “more options.” Choose “Balance Transfer.” Follow the pop-up screen directions. 3) Use Customer Service: Call 1860 120 7777 for ICICI Credit Card -Customer Service. Ask for a balance transfer. Keep your card number and the remaining balance at hand. Typically, the transfer is completed within three to five working days after approval. The money is moved through the question of whether direct credit on your other bank’s credit card account. Things to remember always look at the interest rates and processing fees. Make sure your EMIs or complete fees are paid on time to avoid fines. Do not use your ICICI card again until the balance transfer is complete. Finally, if you want to pay off credit card debt and reduce your interest payments, utilize the ICICI Bank’s balance transfer service. It can be very beneficial with quick processing and multiple payment options if used wisely. Disclaimer: Mint has a merger with Fin-Techs to provide credit, you must share your information if you apply. These bonds do not affect our editorial content. This article only intends to educate and distribute awareness about credit needs such as loans, credit cards and creditworthiness. Mint does not promote or encourage credit as it has a set of risks such as high interest rates, hidden costs, etc. First published: 22 Apr 2025, 12:17 IST