Balance Transfer Terms and Conditions:

• To be eligible for the program the minimum amount that can be transferred from your Other Bank Credit Card account to your ICICI Bank Credit Card account is Rs 2,000/-.
  
  
• The maximum amount that can be transferred is up to 90% of the available credit limit on your ICICI Bank Credit Card account as on date of acceptance of your request.
  
  
• The Credit Limit on your ICICI Bank Credit Card will be blocked to the extent of the transferred amount. This will be released as and when the payment for this amount is credited to your credit card account.
  
  
• ICICI Bank shall send the demand draft, favouring the Other Bank Credit Card for the approved transfer amount, to your mailing address, within three working days of the approval.
  
  
• ICICI Bank reserves the sole right to accept or reject the application form without assigning any reason whatsoever. Also, the approval is subject to the performance on your ICICI Bank Credit Card at the time of request received. ICICI Bank shall not be held liable for any service charges or late payment charges debited to your Other Bank Credit Card Account due to a decline or a delay in execution of your Balance Transfer request, or delay in delivery of your Balance Transfer draft.
  
  
• You should continue to make payments to your Other Bank Credit Card account until you receive the confirmation in their future statement that the amount has been credited.
  
  
• The low interest rate is applicable only to the transferred amount, from the date of booking of the balance transfer.
  
  
• A Processing Fee would be applicable to all customers applying for a Balance Transfer on the phone.
  
  
• The present ICICI Bank Credit Cards Balance Transfer offers are:
  
  
  • 0% rate of interest (0% p.a.) for 3 months, followed by the regular rate of interest after 3 months - This is the 0% for 3 months Balance Transfer option.
  • 0.75% rate of interest (9%p.a.) for 6 months, followed by 1.49% rate of interest (17.88% p.a.) after 6 months - This is the Life Time Balance transfer option.
    

    ICICI Bank reserves the right to modify or change the Balance Transfer offering at any point of time.

• Normal payment apportionment rules would be valid for the Balance Transfer amount. In the event a cardholder has balances under multiple BT offers, payment will be first allocated towards the balance under the 0% BT offer.

• For customers applying for a Balance Transfer on the phone, the choice of both the products may not be given to the customer.

• A Minimum 5% of total Balance Transfer outstanding in the statement needs to paid every month towards the minimum amount due for Balance Transfer, once it has been processed from our end.

• In case you wish to modify or cancel the Balance Transfer offer, you can calll us at our 24-hour Customer Care service. The scheme to which you are eligible shall be given to you on the phone itself.

  Note: The change request should come within one month from the date of transfer. Post which no such request would be entertained.

• All fresh purchases (retail and cash) will be levied with applicable interest rate from the date of purchase for all card holders who have an outstanding Balance Transfer amount in their ICICI Bank Credit Card account. Thus, up to 52 days interest free period will not be valid on retail or cash purchases for cardholders who have a Balance Transfer amount in their account.
  
  
• Service charges will be levied wherever applicable.