ICICI Bank to revise credit card terms in six steps from 25 November
ICICI Bank will phase in fee changes and benefit withdrawals on its credit cards between 25 November and 15 December 2026, according to Moody's.
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what happened
According to Moody's, ICICI Bank will introduce six changes to its credit card terms between 25 November and 15 December 2026. Some of them concern revised charges, mainly higher costs for card replacement and a new fee for the priority pass service.
Other changes remove complimentary benefits. The bank will stop providing air accident insurance on several premium and co-branded cards, withdraw cancellation for any reason cover from some variants, and end personal and air accident insurance for Parakram cardholders. In addition, the complimentary INOX benefit will be discontinued on nine card variants.
The changes roll out in stages: two on 25 November, two on 11 December and four on 15 December. Cardholders are advised to review the revised terms on the bank's official website before the respective dates.
why it matters
For markets the story is local: it concerns consumer card terms at one Indian bank rather than its financial results or any change in regulation. Still, it shows how lenders can adjust card profitability by trimming perks and adding fees, which may interest investors tracking the Indian banking sector.
tags
sources
- ICICI Bank credit card alert: 6 important changes to be introduced starting from 25 November; check affected cards — Moody's, 14 November 2026 at 07:05 UTC
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