ICICI Bank Carbon Credit Card Settlement

Everything you need to know to clear your dues smartly!

What is the ICICI Carbon Credit Card?

- A premium credit card by ICICI Bank. - Offers rewards, security features, and convenience. - Designed for high-value customers.

When Does Settlement Become Necessary?

- Unable to pay the full outstanding dues. - Accumulating late fees and interest. - Risk of default impacting your credit score.

What is Credit Card Settlement?

- A mutual agreement with ICICI Bank. - Pay a lump sum less than the total dues. - The account is marked as "settled" in the CIBIL report.

How To Initiate Settlement?

- Contact ICICI Bank customer care. - Request to speak with the Settlement or Recovery Department. - Explain your financial hardship.

Negotiation Process

- The bank offers a lump sum settlement amount. - You can negotiate better terms if needed. - Get the final settlement offer in writing.

Important Documents To Collect

- Settlement letter from ICICI Bank. - Payment acknowledgment receipt. - No Due Certificate after payment.

Impact on Your CIBIL Score

- The account will be "Settled," not "Closed." - CIBIL score will drop initially. - Recovery takes time with responsible credit use.

Things to Remember

- Always prefer to pay in full if possible. - Settlement is a last resort option. - Keep proof of settlement safe for the future.

Final Words

Settle smart, rebuild faster! Clear your ICICI Bank Carbon Card dues wisely and plan your credit journey better.