VISA Signature - Premium Card Review

ICICI Bank just a while ago alerted us about a new credit card offering - ICICI Visa Signature Premium Credit Card. Here is our review of the card.

This card is not for the ordinary Middle Class Indian [including me] This is exclusively for the Upper Middle Class and Elite Class who are also known as High Networth Individuals. ICICI VISA Signature Card has an Annual fee of Rs 25,000 and is loaded with benefits.

• Travel Benefits - Priority Pass. VIP Access to Travel lounges at Airports. Rs 3 Crore Travel Air Insurance and more.
• Dining Benefits - Lets assume you are dining at Bobbys Taproom Grill in Singapore. You will get complimentary glass of Mount Riley Sauvignon Blanc 2005 worth Sg$16.33 with a minimum spend of Sg$50. Such great deals are available across many Hotels in many countries
• Golf - Complimentary Golf Club Pass through December-2007 at Asia's best Golf Clubs
• Club Privileges - If you plan to stay on a business trip to Hong Kong at Royal Plaza Hotel, then you will get a complimentary upgrade of room by one category if you quote that you are using VISA Signature Card.
• Plus many more benefits - cruise, Travel Booking, PVR Cinemas etc. Kindly refer to the brochure when you apply or when you are approved the card.

You can now apply for ICICI Bank's VISA Signature Card.

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ICICI + ABN Amro Hike Credit Card Interest Rate

If you are holding an ICICI Bank or ABN Amro Credit Card, then it is time for you to check on your APR [Annual percentage Rate] or Interet Rate. ICICI Bank thinks that an APR of 2.5% per month is too low and has not been revised in the past 3 years. They cite that housing loans have gone up by 3%-4% and hence revision of APR on credit cards is a must. Good Grief!!! Housing Loan rates were as low as 0.65% per month and not 2.5% per month. Whom are you kidding with Mr. Sachin Kahndelwal [ICICI CC Business head] ?

Anyway, if you are a consumer trapped by this third rate Bank [ICICI] then kindly check if your APR has been revised or not because they won't tell you and just give you a surprise in your credit card bill. The revised rates now stand at 3%- 3.25% per month on most ICICI Credit Cards.

ABN Amro India has revised interest rates on their credit cards as well depending on their customer profile and the hike can be anywhere between 1% to 3% upwards from your existing rates.

Suggestions and Complaints can be sent to "feedback AT Cardbhai .com"