Easy Guide to Understand ICICI Credit Cards

ICICI has always been known to offer its customers diverse credit cards. You can pick a card that suits your shopping needs the most from the host of alternatives available. Most ICICI Credit Cards are easy to apply for and have simple eligibility criteria. However, with so many options to choose from, it can often be overwhelming to choose and use one.

It, therefore, becomes important to comprehend how to make the most of this financial instrument and carry out all your transactions easily.  Read on to understand ICICI credit cards.

What is a Credit Card?

A debt instrument, a best credit card allows you to make a purchase first and then pay for it. Once you swipe your card to buy an item, you pay for it in your upcoming billing cycle, either in full or in easy EMIs. There is a specific credit limit on every ICICI credit card, beyond which you cannot spend. Let us take a quick look at the most popular ICICI Credit Cards.

Know the Best ICICI Credit Cards

Name of the Card	Annual Fee	Highlighting features
ICICI Bank Rubyx Credit Card	INR 2,000	Get travel and shopping vouchers of over INR 5,000Enjoy 15,000 points point a yearBest suited for avid travellers
ICICI Bank Coral Contactless Credit Card	INR 500	Get reward points for every swipe- dining discounts, milestone benefits, movie deals10,000 payback points a year
ICICI Bank Emerald Credit Card	INR 12,000	Enjoy payback points as welcome giftComplimentary golf lessonsGet offers on almost all purchases
ICICI Bank Platinum Chip Credit Card – VISA	Nil	Well suited for shoppersSave up to 15% on dining
ICICI Bank Visa Signature Credit Card	INR 199	Suitability for travel and lifestyleGet up to 30,000 handpicked rewards as welcome giftEnjoy personal concierge services
ICICI Bank HPCL Credit Card	INR 199	Save regularly on fuel Get 2000 points for fuel as welcome gift2.5% cash back at all HPCL petrol pumps

Understand ICICI Credit Cards

Having the right credit card is important, however using it smartly is equally necessary. Here are some easy tips:

1. Understand the Rewards
   Most credit cards come loaded with rewards; however, you need to research how they work. For example, some ICICI Credit Cards provide rewards on groceries while some on air travel; pick a card that will best reward your spending.
2. High Credit Limit
   Try to get a higher credit limit sanctioned on your card as it will increase your spending limit. Staying well within the limit will also improve your credit score.
3. Never miss a Due Date
   Missing a credit card bill date will not reflect badly on your credit score but also bring high-interest rates.

   Also, keep in mind that paying the minimum due amount is not enough. You would end up paying hefty interest on the balance.

4. Avoid Withdrawing Cash
   As far as possible, do not use your credit card to withdraw money as it attracts heavy interest rates.
5. Check the Statement
   Scrutinising your monthly credit card bill is vital. You must understand how the charges are levied. Report an unexplained charge/ transaction immediately.

Now that you know how ICICI Credit Cards work and how to use them smartly, apply for one today.