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,-.
*From 1 January 2025, the fee for the ABN AMRO Business Card will be € 37.50

The annual fee for the ABN AMRO Corporate Card is € 43,-.
*From 1 January 2025, the fee for the ABN AMRO Corporate Card will be € 45

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,-.
*From 1 January 2025, the fee for the ABN AMRO Business Card will be € 37.50

The cost of an Extra ABN AMRO Corporate Card is € 43,-.
*From 1 January 2025, the fee for the ABN AMRO Corporate Card will be € 45

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?

Cancelling your Card is free of charge. Good to know: if you cancel during a current year, you will not receive a refund of the annual card fee. Therefore, cancel your Card at least 1 month before the next annual fee is charged. You can find this date in your transaction overview when you search for 'Jaarbijdrage'