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ICICI loan on credit card - Effects of cancellation

  • Thread starter Thread starter Mogul
  • Start date Start date
  • Replies Replies 3
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I'm approved for a loan on credit card, the day that i Can cancel within 15 days of grace period by repaying the whole amount without any extra charges.

Now, i don't have actual loan requirement. but they say that i can close within 15 days without any charges.

I'm thinking to take it and rotate it safely and gain repayment benefits with overall benefits ₹4,500.

i look it as free money. now i want to know what will happen if i close it multiple times?
Be very careful, some hidden charges may be there.
 
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