ICICI Bank Credit Card Holders ALERT!

Do you own an ICICI credit card and have received such a message?

“Dear Customer, starting 20-Oct-22, all transactions on your ICICI Bank Credit Card towards rent payment will be charged a 1% fee."

It is meant for cardholders who use their credit cards to pay house rent

through platforms like Cred, RedGiraffe, Mygate, Paytm and Magicbricks, among others. 

So far, no fee was being levied by any bank or credit card company on such transactions. 

ICICI bank is the first to introduce a fee on rent payments done through its credit cards

others banks are expected to follow

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