ICICI Bank Offering Instant Credit Card; Up To Rs. 4 Lakh Limit For ‘Pre-Selected’ Customers

The usual procedure for issuing a credit card is pretty lengthy – You apply, then your credit history is checked, then the approval comes, and then after few days, the actual physical card is delivered, with instructions about credit limit and other terms and conditions.

ICICI Bank is determined to bypass this whole process, and issue credit cards instantly.

India’s first ever ‘Instant Credit Card’ has now been launched by ICICI Bank, which offers credit card without this long process, and without any delays.

However, this new facility is not for everyone.

India’s First Ever Instant Credit Card from ICICI Bank

Few ‘pre-selected’ ICICI Bank saving account holders will now get an offer to generate credit card in a flash; without any paperwork or approvals.

Such is the speedy process, that the selected customers can generate the credit card number in few seconds, and start using it even before the actual card is delivered.

As per information received by us, ICICI Bank is giving credit limit up to Rs 4 lakh on these instant credit cards.

To start with, these customers can choose from these collection of credit cards: Coral, Rubyx & Sapphiro; Ferrari Signature & Platinum cards and Unifare cards for metro travel in selected cities.

These options would be presented, based on the ‘pre-selection’ criteria by ICICI Bank for only saving account holders.

Anup Bagchi, Executive Director, ICICI Bank said, “At ICICI Bank, our philosophy is ‘Ready For You. Ready For Tomorrow’, herein we are committed to offer innovative products and services to our customers at the fastest possible speed and with the highest level of convenience. The introduction of instant credit cards is an outcome of this vision.”

How Will It Work?

Step 1: If you are a ICICI Bank saving account holder, then you need to first login to your Internet banking account

Step 2: In the left hand side, you can see the ‘PreQualified Offers’ sections. If you are eligible, then the option to generate instant credit card would appear there.

Step 3: You need to provide few vital details related to your identity and type of credit card chosen

Step 4: Accept the terms and conditions, type the OTP received on your registered number

Step 5: Generate the instant credit card, and start using it, without having the actual physical card.

After few days, the physical credit card shall be delivered by post, as it normally happens.

Based on reports, it seems that this new concept of instant credit card has been designed, keeping in view the Dussera/Navratri/Durga Puja/Diwali festival season which is about to arrive, from next month onwards.

During these festival times, the consumer is ready to spend money, and the offer seems pretty timely for such consumers. They can not only generate the new credit card quickly, but also start spending.

For detailed FAQs, you can visit here.