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ICICI Credit Card EMI – Instant EMI, EMI On Call & More

ICICI credit card EMI gives you the flexibility to shop anytime, anywhere and convert those transactions into an easy EMI. With tenures ranging from 3 months to 24 months, shoppers can now rejoice with this comfortable repayment option that doesn't burn a hole in their pocket.

You can use ICICI Credit Card EMI for a wide range of expenses, such as utility bills, mobile, DTH or internet bills and travel expenses.

ICICI credit cards have partnered with 1000s of brands across the country to offer the best products and services at affordable EMIs. The credit card EMI facility is available in two formats -

1. Instant EMI

2. EMI On Call

Let Us See Both The Options In Detail

Instant EMI

Here, the transaction is converted into EMIs at the time of bill payment. You can use this facility at both online and offline outlets. Here is why you should choose the Instant EMI option on your ICICI Credit Card -

  • Shop from 250+ leading brands in apparel, electronics, furniture, kitchen appliance, gadgets, and convert them into Instant EMIs at the time of bill payment
  • There is no documentation required for instant EMI conversion.
  • There are tenure options of 3, 6, 9, 12, 18, and 24 months available.
  • Interest rates begin at 12.99 percent per year.
  • The processing fee is only Rs. 199 + GST.
  • On Credit Cards, transaction amounts as low as Rs.1500 and as high as Rs.10 Lakh can be converted to Instant EMI.
  • In the event of a No Cost EMI scheme, the cardholder will receive an instant discount or cashback equal to the interest component.

Instant EMI on ICICI Credit Card – Snapshot

Eligible AmountFrom Rs.1500 – Rs.10 lakhs
Available Tenures3, 6, 9, 12 & 24 months
Interest Rates3 months tenure – 12.99%
6, 9 & 12 months – 13.99%24 months – 14.99%
Processing FeeFlat Rs.199 + GST for every transaction

How To Avail Instant EMI Facility On My ICICI Credit Card?

Instant EMI is available at the time of purchase. So here are the steps to avail it -

1. The buyer has to first identify products that are eligible for Instant EMI on an ICICI Credit Card. This can be found on the product information page.

2. Once you have confirmed the option, proceed to the checkout page. In the payment options, choose ICICI Credit Card and select 'Pay by EMI' option.

3. You will be presented with the tenure options and the respective interest rates. Choose the one that suits you best and complete the payment.

4. You shall be asked for additional authentication in the form of PIN or OTP. Once you enter the information, the order is placed.

5. In case of in-store purchases, please inform the biller before they swipe the card. They will choose the EMI option on the POS machine, swipe your card, choose the tenure, and then ask you to enter the PIN.

6. Upon successful authentication, the transaction is automatically converted into an EMI.

Additional Read: Advantages Of Converting Credit Card Purchases Into EMIs

What Is An EMI On Call?

A few transactions don’t have the Instant EMI option. They can be, however, converted to EMI at a later date, before your billing date. This is the feature called ‘EMI On Call’ by ICICI credit card.

Here are the benefits of the 'EMI on Call' facility

  • Transactions of Rs. 1,500 and above can be converted into EMIs via the iMobile Pay app, Internet Banking, and ICICI Bank Customer Care, while transactions of Rs. 3,000 and above can be converted via the 3D Secure page/OTP page under the 'EMI on Call' facility.
  • Users can convert their transactions into EMIs by paying an interest rate of 1.33% per month on a monthly reducing balance basis and enjoy a lower interest rate than the revolving rate on your Credit Card.
  • Tenures of 3, 6, 9, 12, 18 & 24 months are available
  • At the time of EMI conversion, a one-time processing fee of 2% of the transaction value is charged.
  • Purchases of gold, jewelry, or fuel, as well as cash transactions, cannot be converted into EMIs.
  • Transactions that are more than 30 days old cannot be converted into EMIs.

How Do I Avail The 'EMI On Call' Facility?

Using Internet Banking:

Step 1: Access ICICI Bank Net Banking.

Step 2: Select Credit Cards from the 'My Accounts' menu and click 'Convert to EMI.'

Step 3: Select the card, the transaction, and the EMI tenure. Then press the 'Submit' button.

Using IMobile Pay:

Step 1: Access the ICICI Bank iMobile app.

Step 2: Navigate to the 'Cards' tab.

Step 3: Choose a Credit Card

Step 4: In the 'Recent Transactions' section, click on 'Convert to EMI' on the eligible transactions.

Step 5: Select a convenient EMI tenure and click 'Submit.'

Phone Banking

Call 1860 120 7777 for ICICI Bank credit card customer service. Alternatively, dial 9537667667 from your registered mobile number.

Our representative will contact you within two working days after receiving your request via missed call.

With a credit card, you can pay for everything from car repairs to plane tickets and personal expenses. In addition, most credit cards these days offer rewards programs such as Cash Back or a percentage of purchases. If you are looking for a list of the latest credit cards and their features, check out this page.

FAQs of ICICI Credit Card EMI

1. What is the minimum amount to convert into an EMI?

ICICI allows transactions above Rs.1500 to be converted into EMI.

2. What is an Instant EMI on an ICICI Credit Card?

In an Instant EMI, the transaction is converted into EMIs at the time of bill payment. You can use this facility at both online and offline outlets.

3. What is EMI On Call with ICICI Credit Cards?

A few transactions don’t have the Instant EMI option. They can be, however, converted to EMI at a later date, before your billing date. This is the feature called ‘EMI On Call’ by ICICI credit card.

4. What is the interest rate on EMIs with an ICICI Credit Card?

ICICI charges interest rates starting at 12.99% per annum on EMI transactions. This rate varies based on your profile and the transaction amount.

5. What are the processing charges to convert a transaction into EMI?

ICICI charges a flat rate of Rs.199+GST as processing fee for every EMI conversion.

6. How do I find out if the EMI option is available on a particular purchase?

While making the transaction, the EMI option will be available on the merchant's website. You can check with the billing clerk for in-store purchases. Users have to remember that the EMI option is not available on all purchases.

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