ICICI Bank has changed its pricing structure and lowered incentives on various credit cards, affecting services like as insurance and food purchases, airport lounge access , fuel surcharge waiver , and even late payment fines.

ICICI Bank notified its credit card customers through SMS about the changes.

Here's a look at what changes for ICICI Bank credit card clients, according to an SMS received by the bank.

New credit card rules: SBI Card increases these credit card charges from November 1, 2024; check details Utility/Insurance Capping You will continue to earn reward points for utility spends up to Rs. 80,000, insurance spends up to Rs. 80,000, at the current earn rate Leadership Business Storytelling Masterclass By - Ameen Haque, Founder of Storywallahs View Program Web Development Advanced C++ Mastery: OOPs and Template Techniques By - Metla Sudha Sekhar, IT Specialist and Developer View Program Artificial Intelligence(AI) AI for Everyone: Understanding and Applying the Basics on Artificial Intelligence By - Ritesh Vajariya, Generative AI Expert View Program Office Productivity Advanced Excel Course - Financial Calculations & Excel Made Easy By - Anirudh Saraf, Founder- Saraf A & Associates, Chartered Accountant View Program Finance A2Z Of Finance: Finance Beginner Course By - elearnmarkets, Financial Education by StockEdge View Program Marketing Digital Marketing Masterclass by Neil Patel By - Neil Patel, Co-Founder and Author at Neil Patel Digital Digital Marketing Guru View Program Artificial Intelligence(AI) Basics of Generative AI: Unveiling Tomorrow's Innovations By - Metla Sudha Sekhar, IT Specialist and Developer View Program Web Development Mastering Full Stack Development: From Frontend to Backend Excellence By - Metla Sudha Sekhar, IT Specialist and Developer View Program Office Productivity Mastering Microsoft Office: Word, Excel, PowerPoint, and 365 By - Metla Sudha Sekhar, IT Specialist and Developer View Program Office Productivity Zero to Hero in Microsoft Excel: Complete Excel guide 2024 By - Metla Sudha Sekhar, IT Specialist and Developer View Program Office Productivity Mastering Google Sheets: Unleash the Power of Excel and Advance Analysis By - Metla Sudha Sekhar, IT Specialist and Developer View Program Data Science MySQL for Beginners: Learn Data Science and Analytics Skills By - Metla Sudha Sekhar, IT Specialist and Developer View Program Web Development Intermediate C++ Skills: Master Pointers, Structures and File Stream By - Metla Sudha Sekhar, IT Specialist and Developer View Program Data Science SQL Server Bootcamp 2024: Transform from Beginner to Pro By - Metla Sudha Sekhar, IT Specialist and Developer View Program Artificial Intelligence(AI) Mastering C++ Fundamentals with Generative AI: A Hands-On By - Metla Sudha Sekhar, IT Specialist and Developer View Program Web Development Java 21 Essentials for Beginners: Build Strong Programming Foundations By - Metla Sudha Sekhar, IT Specialist and Developer View Program Artificial Intelligence(AI) Generative AI for Dynamic Java Web Applications with ChatGPT By - Metla Sudha Sekhar, IT Specialist and Developer View Program Strategy Succession Planning Masterclass By - Nigel Penny, Global Strategy Advisor: NSP Strategy Facilitation Ltd. View Program Marketing Future of Marketing & Branding Masterclass By - Dr. David Aaker, Professor Emeritus at the Haas School of Business, UC Berkeley, Author | Speaker | Thought Leader | Branding Consultant View Program You will continue to earn reward points for utility spends up to Rs. 40,000, insurance spends up to Rs. 40,000, at the current earn rate.

Grocery Capping You will continue to earn reward points for grocery & departmental store spends up to Rs.40,000 per month, at the current earn rate.

You will continue to earn reward points for grocery & departmental store spends up to Rs.20,000 per month, at the current earn rate.

No rewards on government transactions You will continue to earn reward points on your ICICI Bank Emeralde Private Metal Credit Card spends, excluding for government related spends.

No fuel surcharge waiver beyond Rs 50K Fuel surcharge waivers on fuel spends up to Rs. 50,000 only per month, surcharge waiver will not be applicable for spends beyond this limit.

No fuel surcharge waiver for spends beyond Rs 100K Fuel surcharge waivers on fuel spends up to Rs. 1,00,000 per month, surcharge waiver will not be applicable for spends beyond this limit.

Spa Discontinuation The Spa access provided basis DreamFolks card is now being discontinued.

Rent/government/education exclusion in spend threshold The spend threshold for annual fee reversal and milestone benefits will exclude rent, government, and education payments made via credit card.

Spend threshold for Annual Fee reduction to 10L The spend threshold for the reversal of the annual fee has been revised to Rs. 10 Lakh per annum, reduced from the current criteria of Rs. 15 lakh per annum.

1% fee on education payment via third party No fee will be charged for payments made directly to school or college including international education payments from your credit card.

However, a fee of 1% of the transaction amount will be charged for education payments made through thirdparty apps.

1% fee on utility transaction >50K A fee of 1% of the transaction amount will be charged for utility payment transactions exceeding Rs. 50,000 1% fee for fuel transaction>10K A fee of 1% of the transaction amount will be charged for fuel transactions exceeding Rs. 10,000. Add-on Fee Rs 199 Supplementary cardholders will enjoy enhanced benefits with an annual fee of Rs. 199, which will be levied in the card anniversary month statement.

Late Payment Charges Change Late payment charges will be revised according to the new structure.

Late payment charges - NEW STRUCTURE Outstanding Amount Late Payment Charge (INR) <= Rs. 100 Nil Rs. 101 - Rs. 500: Rs. 100 Rs. 501 - Rs. 1,000: Rs. 500 Rs. 1,001 - Rs. 5,000: Rs. 600 Rs. 5,001 - Rs. 10,000: Rs. 750 Rs. 10,001 - Rs. 25,000: Rs. 900 Rs. 25,001 - Rs. 50,000: Rs. 1,100 > Rs. 50,000: Rs. 1,300 Rs 75K quarter spend for domestic lounge access You can enjoy complimentary airport lounge access by spending Rs. 75,000 in the preceding calendar quarter.

Spends made in the preceding calendar quarter will unlock access for the subsequent calendar quarter.

To be eligible for complimentary lounge access in Jan-Feb-Mar, 2025 quarter, you need to spend a minimum of Rs.75,000 in the Oct-Nov-Dec, 2024 quarter and similarly for the following quarters.

Revolving Rate @45% Finance charges for the revolving credit facility on retail transactions and cash advances will be revised to 3.75% per month (45% per annum) Mark up on Forex @2% You can continue enjoying the convenience of using your Credit Card for international transactions with a revised mark-up fee of 2%.