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ICICI Bank gave a shock to the credit card holders, now it will charge 1% fee for this payment

ICICI Bank: ICICI Bank’s credit card holders are getting an SMS from yesterday in which it has been told that from October 20, 2022, its credit card holders will have to pay a fee of 1 percent for rent payment. The SMS people are getting are as follows-

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

If you have also received this SMS, then you have to think whether you should make your house rent payment through credit card or not because from the 20th of the next month, 1% fee will be charged on them.

For whom are these rules
Actually this is for those people who pay their house rent payment through online platforms other than Cred, RedGiraffe, MyGet, Paytm or Magicbricks. Now ICICI Bank has become the first bank which will charge fees on rent payment through credit card. At the same time, it is now expected that other banks will also adopt this change soon and will charge fees on rent payment or house rent through credit cards.

Bank gave one month
This decision of ICICI Bank will affect those tenants who are paying their rent through the platform mentioned here. It will be implemented from 20th of next month i.e. 20th October and a full month has been given from today that the customers can be ready for this. If you want to avoid paying this 1% fee on rent payment, then you have to look for alternative options.

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