ICICI Bank Credit Card Cash Withdrawal Charges

Using your ICICI Bank Credit Card for cash withdrawals could come in handy during an emergency but it comes with certain additional costs. Unlike normal credit card transactions, these usually incur a high interest rate. This fee is applied from the time the transaction is made until it is repaid in full. 

For this reason, it’s important to know the ICICI Bank Credit Card cash withdrawal charges. These charges could significantly impact your finances if not managed wisely. Taking a cash advance on your credit card should only be a last resort.

Here are some of the applicable fees on the ICICI Bank Credit Card cash withdrawal facility:

You can take cash advances from credit cards through an ATM. Here are some simple steps you may have to follow to withdraw cash using your ICICI Bank Credit Card: 

1. Visit a nearby ATM kiosk of the issuing bank or any other bank

2. Enter or swipe your credit card and provide your 4-digit PIN

3. Select the cash withdrawal option

4. Select the account type and enter the amount you wish to withdraw

5. Collect the cash along with your credit card

Finance charges are also applicable on credit card withdrawals. Check out interest charges for the cash advance facility on different ICICI Bank Credit Cards-

While cash advance can be a tempting facility, you need to be aware of the associated costs. Check out the charges for cash withdrawal on the ICICI Bank Credit Card below-

It is essential to weigh the pros and cons before deciding whether to utilise the cash advance facility. Check out the advantages of this facility below: 

• It provides quick access to funds, enabling you to respond quickly towards emergencies

• Cash withdrawal limit depends on your credit limit, allowing you to access a portion of your credit line

• It does not require approval from the bank or extensive paperwork

Here are a few cons of withdrawing cash from an ATM using your ICICI Bank Credit Card: 

• Bank charges a transaction fee for a cash advance on most of the credit card variants it offers

• Unlike regular credit card transactions, you cannot enjoy an interest-free period on cash withdrawals

• Interest is applied immediately on such transactions from the date of withdrawal

• These transactions do not earn you any reward points like regular credit card transactions

Reference of all T&C necessarily refers to the terms of the Partners as regards to pre-approved offers and loan processing time amongst other conditions.