ICICI loan on credit card - Effects of cancellation

[Mogul]

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[avishj]

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.

 

[Mogul]

Be very careful, some hidden charges may be there.

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[avishj]

it's 100% confirmed that there is no charges.

Good for you then, exploit it till it lasts.