Accelero ICICI Bank Credit Card

The Accelero ICICI Bank Credit Card is a simple credit card offered by ICICI Bank, designed for individuals who own vehicles. This credit card has an initial joining fee of Rs. 499 and offers additional perks for the first year, such as roadside assistance, car wash, and general checkup services. When you use this credit card, you can accumulate 2 Reward Points for every Rs. 100 you spend, and these Reward Points can be later redeemed for various choices. Moreover, when you use your Accelero ICICI Bank credit card to make fuel purchases at HPCL petrol pumps, you receive a 2.5% cashback.

Key Highlights of Accelero ICICI Bank Credit Card

  1. No Annual Fee: The card may come with no annual fee or a low annual fee, making it cost-effective for cardholders.
  2. Rewards Program: It often features a rewards program where you can earn reward points for every purchase, which can be redeemed for various benefits, such as gift vouchers, merchandise, or discounts.
  3. Fuel Benefits: Some cards offer fuel surcharge waivers at fuel stations, helping cardholders save on fuel expenses.
  4. Interest-Free Period: Cardholders may enjoy an interest-free period on retail purchases if the outstanding balance is paid in full by the due date.
  5. Zero Liability on Lost Card: Cardholders are typically protected against unauthorized transactions in case the card is lost or stolen.
  6. Contactless Payments: Many credit cards come with contactless payment features, making transactions faster and more convenient.
  7. Online Account Management: Cardholders can easily manage their card account online, view statements, make payments, and track their transactions.
  8. Balance Transfer: Some cards may offer balance transfer facilities, allowing cardholders to transfer outstanding balances from other cards to save on interest costs.
  9. Easy Application Process: The card often has a straightforward and convenient application process, making it accessible to eligible applicants.
  10. Additional Perks: Depending on the specific card variant, there may be additional benefits such as dining offers, entertainment discounts, and lifestyle privileges.

Features and Benefits of Accelero ICICI Bank Credit Card

  1. Annual Sponsored Road Trips: Top spenders enjoy fully sponsored and partially sponsored road trips once a year each.
  2. Exclusive Auto Expo Access: Access to exclusive Auto Expos and Test Drive Experiences is provided.
  3. Fuel Cashback: Receive 2.5% cashback on fuel expenses, up to Rs. 200 per month. Note that there is no fuel surcharge waiver.
  4. Airport Lounge Access: Enjoy airport lounge access once a quarter, provided you’ve spent Rs. 5,000 in the previous quarter.
  5. Roadside Assistance: Complimentary 24×7 roadside assistance is offered, along with complimentary key car parts*.
  6. Car Care: Enjoy a complimentary car wash and a general checkup*.
  7. Car Loan Benefits: Benefit from better interest rates, a 50% waiver on processing fees, and a 100% waiver on foreclosure charges after 24 months for car loans.

Accelero ICICI Bank Credit Card Fees and Charges

  1. Spend-Based Waiver: If the cardholder spends Rs. 1.25 Lakhs with this credit card, the renewal fee for the card will be waived.
  2. Rewards Redemption Fee: A fee of Rs. 99 (plus applicable taxes) is charged for rewards redemption.
  3. Foreign Currency Markup: A 3.5% fee is applied to the transacted amount in foreign currency.
  4. Interest Rates: The monthly interest rate is 3.40% (equivalent to an annual rate of 40.8%).
  5. Fuel Surcharge: A 1% fuel surcharge is waived at all HPCL fuel stations.
  6. Cash Advance Charges: The higher of 2.5% of the withdrawn amount or Rs. 300 is charged for cash advances.
  7. Add-on Card Fee: There is no fee for an add-on card.

Accelero ICICI Bank Credit Card Eligibility

The Accelero Credit Card approval criteria are outlined as follows:

  • The applicant must be at least 21 years of age.
  • They must maintain a satisfactory credit score and have a reliable income source.

Documents Required for Accelero ICICI Bank Credit Card

1. Proof of Identity (Any one of the following):

  • Passport
  • Aadhaar Card
  • Driver’s License
  • Voter ID
  • PAN Card

2. Proof of Address (Any one of the following):

  • Passport
  • Aadhaar Card
  • Utility Bill (electricity, water, gas, or landline telephone)
  • Rental Agreement
  • Bank Statement

3. Proof of Income (Any one of the following):

  • Salary Slips (for salaried individuals)
  • Income Tax Returns (ITR) or Form 16
  • Business/Professional Income Proof (for self-employed individuals)

4. Passport-sized photographs

How to apply for Accelero ICICI Bank Credit Card?

  1. Visit ICICI Bank’s Website:
    Go to ICICI Bank’s official website by typing “ICICI Bank” in your web browser’s search bar or directly entering “www.icicibank.com.”
  2. Navigate to the Credit Cards Section:
    Look for the “Credit Cards” or “Apply for Credit Card” section on the bank’s website. You can usually find this in the main menu or on the homepage.
  3. Explore Card Options:
    Browse through the available credit card options to find the Accelero ICICI Bank Credit Card. Review the card’s features, benefits, and eligibility criteria to ensure it suits your needs.
  4. Start the Application Process:
    Once you’ve selected the Accelero ICICI Bank Credit Card, you should find an option to “Apply Now” or “Apply Online.” Click on this link to initiate the application process.
  5. Fill in the Application Form:
    You will be asked to fill out an online application form with your personal information, contact details, employment details, and financial information. Make sure to provide accurate and complete information.
  6. Upload Documents:
    You’ll be required to upload the necessary documents (as mentioned in a previous response) to support your application.
  7. Review and Submit:
    Before submitting your application, carefully review all the details you’ve entered. Ensure that the information is accurate and complete. Submit your application once you’re satisfied.
  8. Verification:
    After submitting your application, the bank will review your application and the provided documents. They may contact you for any additional information or clarification if needed.
  9. Approval:
    If your application is approved, you will receive a confirmation from ICICI Bank regarding the approval of your Accelero ICICI Bank Credit Card. The bank will provide you with details on the card’s issuance and delivery.
  10. Card Activation:
    Once you receive your credit card, you will need to activate it as per the instructions provided by ICICI Bank.

Frequently Asked Questions (FAQs)

1. What is the Accelero ICICI Bank Credit Card?

The Accelero ICICI Bank Credit Card is a credit card offered by ICICI Bank, designed to provide customers with various benefits and features tailored to their lifestyle and spending preferences.

2. What are the key features of the Accelero ICICI Bank Credit Card?

  • Accelerated rewards on specific spending categories.
  • Exclusive discounts and offers on partner merchants.
  • Complimentary airport lounge access.
  • Contactless payment technology for a faster and secure transaction experience.

3. How can I apply for the Accelero ICICI Bank Credit Card?

You can apply for the Accelero ICICI Bank Credit Card online through the official ICICI Bank website or by visiting a nearby ICICI Bank branch. The application process typically involves submitting personal and financial information.

4. What is the eligibility criteria for the Accelero ICICI Bank Credit Card?

Eligibility criteria may vary, but generally, applicants should have a stable income, a good credit history, and meet the bank’s specified age requirements. The bank may also consider other factors during the application process.

5. What is the credit limit offered on the Accelero ICICI Bank Credit Card?

The credit limit is determined by ICICI Bank based on various factors, including your income, credit score, and existing financial obligations. The assigned credit limit will be communicated to you upon approval of your application.

6. How can I check my Accelero ICICI Bank Credit Card balance?

You can check your credit card balance through multiple channels, including internet banking, mobile banking apps, SMS alerts, or by calling the customer service helpline.

7. Are there any annual fees associated with the Accelero ICICI Bank Credit Card?

Credit card fees, including annual fees, may vary. Check the terms and conditions or contact ICICI Bank’s customer service for the most accurate and up-to-date information on fees and charges.

8. What rewards and benefits are offered with the Accelero ICICI Bank Credit Card?

The card typically offers rewards points on eligible transactions, which can be redeemed for various benefits such as discounts, vouchers, or merchandise. Additionally, cardholders may enjoy exclusive offers on dining, shopping, and travel.

9. Is there a grace period for bill payments on the Accelero ICICI Bank Credit Card?

ICICI Bank usually provides a grace period, during which you can make your credit card payment without incurring interest. The specific grace period and terms may be outlined in your credit card statement.

10. How can I report a lost or stolen Accelero ICICI Bank Credit Card?

In case your credit card is lost or stolen, it’s important to immediately contact ICICI Bank’s customer service helpline to report the incident. The bank will guide you through the process of blocking the card and issuing a replacement.