Frequently Asked Questions

Charges and interest rates

• What does it cost to use my credit card for foreign currency transactions?
• What does it cost to withdraw cash?
• What is the annual fee for the Card?
• What does the annual fee go towards?
• How much does an Extra Card cost?
• What are the charges for late repayment to ICS?
• What is the interest rate for a positive balance?
• Will there be a charge for cancelling my credit card?

What does it cost to use my credit card for foreign currency transactions?

ICS applies an exchange rate surcharge of 2.5% to payments and cash withdrawals made using the Card in a foreign currency.

What does it cost to withdraw cash?

ICS applies an mark-up rate of 4%, with a minimum charge of € 4.50, to cash withdrawals from a cash dispenser or over the counter.

What is the annual fee for the Card?

The annual fee for the ABN AMRO Business Card is € 35,-.
The annual fee for the ABN AMRO Corporate Card is € 43,-.

What does the annual fee go towards?

The annual fee is the amount you pay every year for your credit card, allowing you to make use of the payment options and facilities of the credit card.

How much does an Extra Card cost?

The cost of an Extra ABN AMRO Business Card is € 35,-.
The cost of an Extra ABN AMRO Corporate Card is € 43,-.

What are the charges for late repayment to ICS?

In the event of late or incomplete payment, interest is calculated per day (15% interest APR) plus administrative costs of € 5 per month.

What is the interest rate for a positive balance?

You can deposit money on your Card. Interest at positive balance is 0%*.

*Rate subject to change.

Will there be a charge for cancelling my credit card?

It does not cost anything to cancel your credit card. You should cancel the credit card a minimum of two months before the month of expiry stated on the credit card. If you cancel the Card later than this deadline, you will be charged the annual fee. You will not be reimbursed.