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If you don’t pay the ICICI credit card bill on time, then you will have to pay a penalty. Interest will accumulate on your outstanding amount. Also, your credit score will be affected drastically.
What To Do If Unable To Make Payments Before Due Date?
When you miss payments, credit card companies send reminders about your due date via email and SMS constantly. Apart from penalty and interest, you cannot enjoy an interest-free credit period for the next month. So, instruct the bank to pay the card bill by a certain date every month. If you have a cash crunch, pay the minimum charges at least to avoid a penalty.
Late Fees
|
Amount |
Fees |
|
Less than Rs. 100 |
No late fees |
|
100 to 500 |
Rs. 100 |
|
Rs. 501 to Rs. 5000 |
Rs. 500 |
|
Due upto Rs. 10,000 |
Rs. 750 |
|
For upto Rs. 25,000 |
Rs. 900 |
|
For upto Rs. 50,000 |
Rs. 1000 |
|
For due upto Rs. 50,000 |
Rs. 1200 |