Among the various credit card options available, the ICICI Credit Card cash withdrawal limit stands out for its flexibility and accessibility. Understanding how much you can withdraw, along with the associated charges and interest rates, is crucial for making informed financial decisions.
In this blog, we will explore the ICICI Credit Card cash withdrawal limit, applicable charges, interest rates, factors affecting withdrawal limits, and how you can withdraw cash using an ICICI Credit Card.
Table of contents
- ICICI Credit Card Cash Withdrawal Limits
- ICICI Credit Card Cash Withdrawal Charges
- ICICI Credit Card Cash Withdrawal Interest Rates
- How to Increase ICICI Credit Card Cash Withdrawal Limits?
- Tips to Increase ICICI Credit Card Cash Withdrawal Limits
- Factors Affecting ICICI Credit Card Withdrawal Limits
- How to Withdraw Cash Using ICICI Credit Cards?
- FAQs
ICICI Credit Card Cash Withdrawal Limits
The ICICI Credit Card cash withdrawal limit is a percentage of your overall credit limit, typically ranging from 20% to 40%. This means that if your total credit limit is INR 1,00,000, your cash withdrawal limit can be between INR 20,000 and INR 40,000. Here’s a clearer breakdown-
| ICICI Credit Card Limit | Cash Withdrawal Limit (20%) | Cash Withdrawal Limit (40%) |
| INR 50,000 | INR 10,000 | INR 20,000 |
| INR 1,00,000 | INR 20,000 | INR 40,000 |
| INR 2,00,000 | INR 40,000 | INR 80,000 |
- The cash withdrawal limit may vary based on individual factors such as spending patterns and repayment behaviour.
- Not all ICICI credit cards offer the same cash withdrawal limits; it’s essential to check your specific card details.
ICICI Credit Card Cash Withdrawal Charges
Exceeding the ICICI Credit Card cash withdrawal limit can result in penalty charges. This charge is a percentage of the withdrawn amount or a minimum flat fee, whichever is higher. Below is a table summarizing the ICICI Credit Card cash withdrawal charges-
| Withdrawal Amount (INR ) | Applicable Charges |
| INR 1,000 – INR 5,000 | INR 250 – INR 500 |
| INR 5,001 – INR 10,000 | 2.5% to 3% of the amount |
| INR 10,001 & above | 2.5% to 3% of the amount |
Additionally, if you exceed your ICICI Credit Card cash withdrawal limit, you may incur extra fees or penalties. This can range between INR 500 to INR 750, depending on the credit card type.
ICICI Bank international debit cards and credit cards also incur currency conversion and foreign transaction fees.
Also Read: Check here all the details of ICICI Bank education loan to study abroad. Know the interest rate, eligibility and application process.
ICICI Credit Card Cash Withdrawal Interest Rates
Unlike regular purchases made using a credit card, cash withdrawals do not come with an interest-free period. The interest is charged from the date of withdrawal until the amount is fully repaid.
| Credit Card Type | Monthly Interest Rate | Annual Interest Rate |
| ICICI Platinum Credit Card | 3.40% | 40.8% |
| ICICI Coral Credit Card | 3.50% | 42% |
| ICICI Rubyx Credit Card | 3.25% | 39% |
Important Notes:
- Interest is charged daily until the withdrawn amount is repaid in full.
- The interest rate may vary depending on the type of ICICI Credit Card.
- These rates are subject to change based on various factors including market conditions and individual creditworthiness.
How to Increase ICICI Credit Card Cash Withdrawal Limits?
To increase your ICICI Credit Card cash withdrawal limits, you can follow several methods that are designed to accommodate your financial needs. This includes requesting a limit increase via ICICI Net Banking or iMobile App.
Check out how to increase the ICICI credit card cash withdrawal limit via online methods-
Via ICICI NetBanking
- You can request an increase in your cash withdrawal limit through ICICI NetBanking:
- Log in to your ICICI NetBanking account.
- Navigate to the “Requests” tab under the “Service Requests” section.
- Select “Credit Card Services” and choose the option for increasing the cash withdrawal limit.
- Submit your request.
Via ICICI Mobile Banking (iMobile App)
Alternatively, use the iMobile app:
- Open the iMobile app on your smartphone and log in.
- Go to the “My Cards” section and select the credit card you wish to modify.
- Click on “Manage Card” and then select “Manage Cash Limit.”
- Follow the prompts to submit your request.
You can also call ICICI Bank’s customer care at 1800 1080 and ask for assistance in increasing your cash withdrawal limit. The representative will guide you through the process.
For personalized assistance, visit your nearest ICICI Bank branch. Speak with a bank representative who can help you process your request for a higher cash withdrawal limit, especially on international credit cards if you are planning to travel abroad.
Tips to Increase ICICI Credit Card Cash Withdrawal Limits
Increasing your ICICI Credit Card cash withdrawal limit without manually requesting a raise requires responsible credit behaviour and strategic usage. Here are five practical tips to achieve this:
1. Maintain a Low Credit Utilization Ratio (Below 30%)
You must keep your credit card usage below 30% of your total credit limit each month. For example, if your limit is INR 1,00,000, try not to exceed INR 30,000 in monthly spending.
Banks prefer customers who don’t max out their credit limits frequently. A low credit utilization ratio signals financial discipline and increases the chances of an automatic credit limit enhancement.
2. Make Full and Timely Payments
You must always pay your bill in full rather than just the minimum amount due. This reduces debt and enhances your creditworthiness.
Timely payments build trust with the bank, showing that you are a responsible borrower. Banks reward this behaviour by increasing credit and cash withdrawal limits over time.
3. Maintain a Strong Credit Score (750+)
A higher CIBIL score (750+) indicates strong creditworthiness, increasing your chances of an automatic limit enhancement by the bank.
To improve your credit score, you must-
- Pay all credit card and loan EMIs on time.
- Avoid multiple loan inquiries in a short period.
- Keep a healthy mix of secured and unsecured loans.
4. Use Your ICICI Credit Card Regularly & Responsibly
The bank monitors usage patterns and may increase your limit if you consistently use your credit card for purchases and repayments.
- Use your credit card for bills, online shopping, and daily expenses.
- Avoid frequent cash withdrawals (this signals financial distress to banks).
- Ensure consistent spending without maxing out the limit
5. Upgrade to a Higher Category ICICI Credit Card
Premium ICICI credit cards generally have higher cash withdrawal limits than entry-level cards. If you qualify for an automatic upgrade, your cash limit increases without requesting it. Here’s how it is possible-
- Keep your ICICI Bank account active.
- Maintain a good banking relationship with ICICI Bank.
- Use additional ICICI products like fixed deposits or loans, which can help improve your eligibility for an upgraded card
Factors Affecting ICICI Credit Card Withdrawal Limits
The ICICI Credit Card cash withdrawal limit is not a fixed amount but varies from cardholder to cardholder. Several factors influence how much cash you can withdraw from an ATM using your ICICI Credit Card. U
Understanding these factors can help you optimize your withdrawal limits and avoid unnecessary restrictions.
1. Credit Limit
Your ICICI credit card cash withdrawal limit is a percentage of your overall credit limit, usually ranging between 20% to 40% of the total credit available. This means that if your credit limit is INR 1,00,000, your cash withdrawal limit could be anywhere from INR 20,000 to INR 40,000.
- Higher credit limits generally allow for larger cash withdrawal limits.
- If your credit limit increases over time, your cash withdrawal limit may also increase proportionally.
2. Spending Behavior
ICICI Bank assesses your spending patterns and payment history to determine your eligibility for higher withdrawal limits. Factors that can positively impact your cash withdrawal limit include-
- Regular credit card usage without maxing out the limit.
- Timely payments of credit card dues, ensuring you maintain a low credit utilization ratio.
- Minimal reliance on cash advances, as frequent withdrawals may signal financial distress and lead to stricter limits.
3. Credit History
A strong credit history plays a crucial role in determining how much cash you can withdraw using your ICICI Credit Card. If you have a good CIBIL score (typically above 750) and a history of responsible credit usage, the bank may offer you-
- Higher credit limits, which in turn can lead to higher cash withdrawal limits.
- Better terms, including lower interest rates on cash advances.
- Pre-approved offers for limit enhancements or personal loans, reducing the need for frequent cash withdrawals.
4. Bank Policies
ICICI Bank has different cash withdrawal policies depending on the type of credit card you hold.
- Premium and high-end credit cards (e.g., ICICI Bank Sapphiro or Rubyx Credit Card) generally offer higher withdrawal limits.
- Basic or entry-level credit cards may have lower cash advance limits to reduce risk.
- Bank policies can change based on economic conditions or internal assessments, so it’s always good to check the latest terms.
5. Account Standing & Card Usage
Banks monitor your account activity to ensure responsible financial behaviour. Any late payments, defaults, or excessive use of cash advances can lead to-
- Lower withdrawal limits
- Higher interest rates on cash withdrawals
- Restrictions on future cash advances
Also Read: Check here all about ICICI Bank Personal Loan. Know the interest rates, eligibility, and documents and know how to apply for the loan.
How to Withdraw Cash Using ICICI Credit Cards?
Withdrawing cash using an ICICI Credit Card is as easy as using a debit card at an ATM. However, it’s essential to be mindful of the associated charges and interest rates. Here’s the step-by-step process to withdraw cash from an ATM-
- Locate an ATM: Visit an ICICI Bank ATM or any other ATM that accepts ICICI Credit Cards. However, non-ICI ATMs may charge additional fees.
- Insert Your Credit Card: Just like a debit card, insert your ICICI Credit Card into the ATM.
- Enter Your PIN: Provide your 4-digit Credit Card PIN for authentication.
- Select Withdrawal Option: Choose “Cash Withdrawal” or “Cash Advance” from the ATM menu.
- Enter the Amount: Input the amount you wish to withdraw, ensuring it is within your cash withdrawal limit.
- Confirm & Collect Cash: Follow the on-screen prompts to confirm the transaction, collect your cash, and take the printed receipt if required.
Key Points to Remember While Withdrawing Cash:
✔ Immediate Interest Charges: Unlike regular credit card transactions, cash withdrawals do not come with an interest-free period. Interest starts accumulating from the day of withdrawal until repayment is made.
✔ ATM Charges Apply: Each withdrawal incurs a cash advance fee, usually 2.5% to 3% of the withdrawn amount (minimum INR 250 – INR 500).
✔ Limit on Withdrawals: ICICI Bank has a cash withdrawal limit, which is only a fraction of your total credit limit. Withdrawing beyond this limit may result in additional penalty charges.
✔ Impact on Credit Score: While cash withdrawals do not directly affect your credit score, failing to repay the withdrawn amount on time can lead to increased debt and affect your overall creditworthiness.
✔ Emergency Use Only: Due to the high-interest charges, it is advisable to use cash withdrawal as a last resort and repay it as soon as possible.
This was all about the ICICI Credit Card cash withdrawal limit, along with its charges and interest rates. While it provides quick access to funds in emergencies, it should be used judiciously due to its cost implications.
FAQs
Yes, you can withdraw cash using your ICICI credit card. This is done through the cash advance feature available at ATMs. Simply insert your card, enter your PIN, and select the cash withdrawal option.
ICICI Bank charges a cash withdrawal fee ranging from 2.5% to 3% of the withdrawn amount. There is also a minimum charge of INR 250 to INR 500, depending on the amount withdrawn.
In addition to the withdrawal fees, ICICI credit cards incur interest on cash advances. The interest rate is typically 3.40% per month, translating to 40.8% annually. This interest starts accruing immediately from the date of withdrawal.
While there isn’t a specific calculator provided by ICICI Bank, you can manually calculate your charges by applying the percentage fee (2.5%-3%) to the amount you intend to withdraw and adding any minimum fees applicable.
The cash withdrawal limit for the Amazon Pay ICICI Credit Card typically falls within 20% to 40% of your total credit limit, similar to other ICICI cards. You can check your specific limit through your account or by contacting customer service.
ICICI Bank does not provide a dedicated calculator for cash withdrawal limits. However, you can estimate your limit by calculating 20% to 40% of your total credit limit.
The cash withdrawal limit in India varies based on your overall credit limit and can range from 20% to 40% of that limit. For example, if your total credit limit is INR 1,00,000, your cash advance limit would be between INR 20,000 and INR 40,000.
You can check your cash withdrawal limit by logging into your ICICI NetBanking account or using the iMobile app. Alternatively, you can call customer care for assistance.
To increase your cash withdrawal limit, you can request an increase through ICICI NetBanking or the iMobile app. You may also call customer service or visit a branch for assistance with your request.
Several factors influence your cash withdrawal limits, including:
– Your total credit limit.
– Payment history and punctuality.
– Your overall credit score.
– The specific type of ICICI credit card you hold.
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