ICICI Bank Purchase Cards – Benefits, Fees Charges
The ICICI Bank Purchase Card offers you to streamline and manage recurring vendor payments while closely tracking the spending on utilities, office supplies, and other such payments. It offers you greater control and convenience, thereby reducing the time and expenses related to business purchases and payments.
BENEFITS AND FEATURES OF PURCHASE CARD
- Joining fees for primary card – NIL
- Annual membership fees for primary card- NIL
- Fuel surcharge waiver- Not Applicable
ICICI BANK PURCHASE CARD – BENEFITS
- Worldwide acceptance
- Sales and relationship team for ongoing account management
- Online reporting tools for proactive spend management
ICICI BANK PURCHASE CARD – FEATURES
- Up to 45 days of interest free credit
- Enriched data for informed decision making and fact-based supplier negotiation
- Sophisticated online reporting tools
- Dedicated relationship manager and support infrastructure for the company
- Two Billing dates to choose from
- Online e-statement with detailed spends breakup card account wise
Fees and Charges
| Types of Fees and Charges | Purchase Card |
|---|---|
| Finance Charges | ICICI Bank Purchase Card is a charge card with no revolving facility. The Total Amount Due has to be paid by the Payment Due Date |
| Interest Free Period | Up to a Maximum of 45 days of free credit period |
| Joining Fees for Primary Cardholder and Add on Cardholder | NIL |
| Annual Membership Fees | NIL |
| Replacement Card Fees | Rs. 100 |
| Late Payment and Default Charges | 3% of Total Amount Due (Subject to Minimum of Rs 400) |
| Cash Advance Fees | Not Applicable |
| Duplicate Statement Fees | Rs. 100 |
| Cheque/ECS return Fees | Rs. 250 |
| Foreign Currency Transactions | 3.50% |
| Charge slip Retrieval Fees | Rs. 100 |
| Outstation Cheque Processing Fees | 0.5% of value of cheque subject to min of Rs.100 |
| Railway Booking Surcharge | 1.8% for Internet transaction and 2.5% for other bookings |
| Fuel Surcharge | Not Applicable |
| Fees on Cash Payment at branches | Rs. 100 |
| Goods and Service Tax (GST) of 18% w.e.f. July 1, 2017 will be levied on all fee & charges. | |
