ICICI Bank Credit Cards June 2024

ICICI Credit Cards Features and Benefits

Benefits offered by ICICI Bank Credit Cards span a number of categories, including retail, entertainment, travel, and lifestyle. Here’s what to anticipate:

1. Welcome Benefits: Players get welcome benefits when they apply for an ICICI Bank credit card. These could be extra cashback, gift cards, free memberships to premium platforms, bonus Reward Points, or extra cashback. These gifts are usually given to you once the membership fee (if any) has been paid.

2. Reward/Cashback: With the majority of ICICI Bank Credit Cards, you can accrue cash back or ICICI Reward Points as benefits. Every time you use your card, you accrue these benefits, which you can then exchange for a variety of goods.

3. Milestone Rewards: You can get milestone perks by spending a specified amount of money within a predetermined window of time. These could come in the shape of extra reward points, free memberships, or gift cards.

4. Travel Benefits: To improve your travel experiences, ICICI Bank offers co-branded and non-branded travel credit cards. Benefits include complimentary access to airport lounges, savings on travel and lodging, and more.

5. Extra incentives: ICICI bank cards also come with free cinema tickets, exclusive restaurant discounts, free insurance, exemptions of fuel surcharges, and other incentives.

ICICI Credit Card Rewards and Cashback

Rewards in the form of cashback or reward points are included with every ICICI credit card. Below is a summary of the advantages that each card offers:

1. ICICI Bank Emeralde Credit Card: Spend Rs. 100 on the majority of transactions (but not on petrol, utilities, or insurance categories) to earn 4 reward points. Earn one reward point for each rupee 100 spent on insurance and utilities.

The enrollment fee for the card amounts to INR 1,000 monthly or INR 12,000 annually, while the renewal fee mirrors the same structure. However, if you spend Rs. 1,00,000 in the preceding month, the monthly fee is waived, and likewise, spending Rs. 15,00,000 in the preceding year exempts you from the annual fee.

2. ICICI Bank Sapphiro Credit Card: Earn six reward points for each rupee spent (not including insurance, petrol, or utilities). Earn one reward point for every rupee 100 spent on utilities, insurance, and fuel while using the MasterCard version. 

Get 50% more reward points when you use the AmEx version. The registration fee for the card is INR 6,500, with a renewal fee of Rs. 3,500. The renewal fee is waived upon reaching an annual expenditure of Rs. 6 lakh.

3. ICICI Bank Rubyx Credit Card: Use the MasterCard version to accrue 4 reward points for every rupee spent abroad and 2 reward points for every rupee spent domestically. Get 3 reward points for every Rs. 100 spent domestically and 6 reward points for every Rs. 100 spent internationally when using the American Express Credit version. 

The joining fee is Rs. 3,000, with a renewal fee of INR 2,000. However, the renewal fee is waived upon reaching an annual expenditure of Rs. 6 lahks.

4. ICICI Bank Coral Credit Card: Get two reward points for every rupee spent (not including purchases for utilities, petrol, or insurance). For every Rs. 100 spent on insurance and utilities, earn one reward point. Buying fuel does not generate Reward Points. The registration fee is INR 199, along with a renewal fee of INR 199. The renewal fee is waived if you have spent Rs. 50,000 or more in the previous year.

5. Amazon Pay ICICI Bank Credit Card: Prime members receive 5% cashback on Amazon India, while non-Prime members receive 3% cashback. Earn 1% rewards on all other payments, excluding gasoline purchases, and 2% cashback on partner merchants who accept Amazon Pay. The ICICI Bank Credit Card with Amazon Pay does not have a joining fee or renewal fee, making it a cost-free option with no yearly expenses.

6. ICICI Mine Credit Card: Use the free version to get 1% cashback on all purchases. Get 1% cashback on other purchases and 5% cashback on well-known companies like Amazon Prime, Big Basket, BookMyShow, and others when you use the PRO 49 version. Similarly, get 1% cashback on other purchases and 5% cashback on major companies like Amazon, Big Basket, Ola, and others with the PRO 149 version.

7. MakeMyTrip ICICI Bank Signature Credit Card: Earn 4 My Cash for every Rs. 200 spent on airline tickets, 2 My Cash for hotel reservations made on MakeMyTrip, and 1.25 My Cash for all other domestic and foreign purchases. The MakeMyTrip Signature Credit Card from ICICI Bank has a registration fee of INR 2,500, but there is no renewal fee or yearly cost associated with it.

8. ICICI Bank HPCL Super Saver Credit Card: Earn 2 Reward points for every Rs. 100 spent on all other domestic and international transactions, 5% cashback as reward points on utility and department store purchases, and 4% cashback on fuel purchases at all HPCL stations.

Earn two reward points for every rupee spent using the ICICI Bank HPCL Coral Credit Card, excluding fuel expenditures. The HPCL Coral Credit Card from ICICI Bank has a registration fee of INR 199, with a renewal fee of INR 199. The yearly fee is waived if you spend Rs. 50,000 or more in the previous year.

How To Earn and Redeem ICICI Credit Card Reward Points?

Using your ICICI Bank credit card to earn and redeem reward points is simple. Simply using your card for purchases earns you Reward Points, with some categories frequently offering expedited point accumulation. 

Reward Points can be redeemed for a variety of items, including rebates, gifts, and shopping when they are earned. The value of each ICICI Reward Point is Re. 0.25. You can get in touch with ICICI Bank Credit Card customer service to redeem your points.

The annual fees and charges associated with various ICICI Bank Credit Cards vary based on the perks they provide. Basic cards have lower yearly fees but fewer advantages than premium cards, which often have higher rates but more extensive benefits. Certain cards also provide spend-based exemptions, which deduct the annual charge in accordance with your spending habits.

To redeem reward points in ICICI Bank Credit Cards, do the following:

Here are the steps to redeem your reward points:

1.	Link your Credit Card to your bank account to access your Credit Card details.
2.	Once linked, log in to your online banking account.
3.	View your Credit Card statement and pay your Credit Card bill.
4.	Review the rewards summary to see your accumulated points.
5.	Access the reward catalogue to choose your desired gift.
6.	Place an order for the merchandise you like.
7.	Provide your registered address for gift delivery.

Alternatively:

• If you prefer not to link your Credit Card to your bank account:
• Contact the Customer Care of the bank.
• Request redemption of your reward points.
• Provide details like the Credit Card number and answer verification questions.
• Download the redemption form, fill it out, and email it to Customer Care.

Additionally:

• Many Credit Card issuers in India have partnerships with retail and online stores.
• You can shop at these partner stores and pay for purchases using your reward points.

ICICI Bank Credit Card Eligibility Criteria

ICICI Bank Credit Cards usually have eligibility criteria based on three main factors: age, income, and credit score. However, there may also be extra internal criteria set by the bank. Here, we describe the eligibility for ICICI Bank Credit Cards based on these factors:

The eligibility criteria include:

•  Minimum age requirement: 21 years

Minimum annual income:

• ICICI Bank Salaried customers: ₹2,40,000
• Non-ICICI Bank Salaried customers: ₹3,60,000
• Self-employed individuals with an ICICI Bank Savings account: ₹3,60,000 (ITR)
• Self-employed individuals without an ICICI Bank Savings account: ₹4,80,000 (ITR)

There are certain requirements you must meet in order to get an ICICI Bank Instant Credit Card. You must have an ICICI Bank Fixed Deposit of at least Rs. 50,000 that you have owned for at least 180 days. But this card can’t be used to pay for Fixed Deposits owned by third parties, partnership firms, HUF, societies, trusts, or businesses. 

It’s also not possible for some types of Fixed Deposits or when there is already a lien on the account. Also, children and people from other countries are not allowed to apply. This card can only be given out by ICICI Bank, based on who is eligible and their own rules.

Documents Required

Make sure to have the necessary documents readily available. If you’re applying for a credit card online, ensure you have scanned copies of the required documents. If you’re visiting the bank in person to apply, remember to bring signed photocopies of the documents listed below:

• KYC papers include an Aadhaar card, a voter ID, a passport, a driver’s license, and more.
• PAN Card or Form 60 (if you don’t have a PAN Card)
• Salary slips, Form 16, and ITR records are all proof of income.
• Bank records from the past six months.

Individuals with low credit scores or no income proof can apply for an ICICI Bank Instant Platinum Credit Card or ICICI Bank Coral Credit Card by meeting the following criteria:

• Active Fixed Deposit with ICICI Bank: A valid Fixed Deposit with ICICI Bank serves as collateral for the Credit Card.
• Minimum funds of Rs.50,000: The Fixed Deposit account should maintain a minimum balance of Rs.50,000.
• Minimum tenure of 180 days: The Fixed Deposit should be held for a minimum period of 180 days.

ICICI Bank Credit Card Annual Fees and Charges

Different ICICI Bank Credit Cards come with varying annual membership fees, depending on the benefits offered by each card. Cards with higher annual fees typically belong to the premium category, offering extensive benefits across various categories. On the other hand, cards with lower annual fees are considered basic or entry-level cards, providing fewer benefits. Here’s a summary of the annual fees for some of the top ICICI Credit cards:

1. ICICI Bank Emeralde Credit Card:

Joining Fee:	Rs. 1,000 per month or Rs. 12,000 per annum
Renewal Fee:	Rs. 1,000 per month or Rs. 12,000 per annum
Spends-Based Waiver:	Monthly fee waived on spending Rs. 1,00,000 in the previous month.  The annual fee is waived on spending Rs. 15,00,000 in the previous year.

2. ICICI Bank Sapphiro Credit Card:

Joining Fee:	Rs. 6,500
Renewal Fee:	Rs. 3,500
Spends-Based Waiver:	Waived off on annual spends of Rs. 6 lakh.

3. ICICI Bank Rubyx Credit Card:

Joining Fee:	Rs. 3,000
Renewal Fee:	Rs. 2,000
Spends-Based Waiver:	Waived off on annual spends of Rs. 6 lakh.

4. ICICI Bank Coral Credit Card:

Joining Fee:	Rs. 199
Renewal Fee:	Rs. 199
Spends-Based Waiver:	Waived off on annual spends of Rs. 50,000 in the previous year.

5. Amazon Pay ICICI Bank Credit Card:

Joining Fee:	Nil
Renewal Fee:	Nil
Spends-Based Waiver:	N/A

6. ICICI Mine Credit Card:

Joining Fee:	Nil (Starter) PRO 49 (Monthly) PREMIUM 149 (Monthly)
Renewal Fee:	Nil (Starter) PRO 49 Monthly spends of Rs. 10,000 for fee reversal on the PRO 49 variant. PREMIUM 149 Monthly spends of Rs. 20,000 for fee reversal on the PREMIUM 149 variant.

7. MakeMyTrip ICICI Bank Signature Credit Card:

Joining Fee:	Rs. 2,500
Renewal Fee:	Nil
Spends-Based Waiver:	N/A

8. ICICI Bank HPCL Super Saver Credit Card:

Joining Fee:	Rs. 500
Renewal Fee:	Rs. 500
Spends-Based Waiver:	Waived on the expenditure of Rs. 1.5 lakh in the previous year.

9. ICICI Bank HPCL Coral Credit Card:

Joining Fee:	Rs. 199
Renewal Fee:	Rs. 199
Spends-Based Waiver:	Annual fee waived off on annual spends of Rs. 50,000 in the preceding year.

Other Fees & Charges

1. Annual Fee: This varies based on the card type and benefits offered. Annual fees can range from as low as Rs. 500 to over Rs. 5,000 per annum.

2. Interest Rates: ICICI Bank credit cards typically have monthly interest rates ranging from 3.40% to 3.80%, which translates to an annual percentage rate (APR) of approximately 40.80% to 45.60%.

3. Late Payment Fees: If you miss the minimum payment by the due date, late payment fees can range from Rs. 500 to Rs. 750 or 15% of the total due amount, whichever is higher.

4. Cash Advance Fees: When you withdraw cash using your ICICI Bank credit card, cash advance fees typically range from 2.50% to 3.50% of the transaction amount, subject to a minimum fee of Rs. 300 to Rs. 500.

5. Foreign Transaction Fees: For transactions made in foreign currencies, ICICI Bank may charge a foreign transaction fee of around 3.50% of the transaction amount.

6. Overlimit Fees: If you exceed your credit limit, overlimit fees can range from Rs. 500 to Rs. 1,000 or 2.50% to 3.00% of the overlimit amount, whichever is higher.

7. Card Replacement Fees: If your credit card is lost, stolen, or damaged, ICICI Bank may charge a card replacement fee of approximately Rs. 200 to Rs. 500.

These fees and charges are approximate and may vary based on the specific terms and conditions of each ICICI Bank credit card. It’s important to review the latest fee schedule provided by ICICI Bank for accurate information.

How To Activate ICICI Bank Credit Cards?

To activate online, contactless, and international transactions on your ICICI Bank Credit Card, follow these steps:

Via iMobile Pay:

• Step 1 : Log in to iMobile Pay.
• Step 2 : Navigate to ‘Cards & Forex’.
• Step 3 : Select your Credit Card.
• Step 4 : Click on ‘Manage Your Card’.
• Step 5 : Enable International/Online/Tap & Pay transactions.

Via Internet Banking:

• Step 1 : Log in to iMobile Pay.
• Step 2 : Go to ‘Cards & Loans’.
• Step 3 : Select ‘Credit Card’.
• Step 4 : Click on ‘Manage your card’.
• Step 5 : Choose your Credit Card Number.
• Step 6 : Under ‘Manage Credit Card Usage’, click on ‘Edit’.
• Step 7 : Enable International/Online/Tap & Pay transactions.
• Step 8 : Enter the OTP sent to your registered mobile number to complete the process.

ICICI Bank Credit Cards Login/Net Banking

For customers who already have an account with the bank, a user ID and password are provided in the welcome kit. You can use these credentials to log in to your net banking account and change them for security purposes if needed. In case you forget your user ID or password, you can generate both through the ICICI Bank online portal. Here are the different ways to register your ICICI Bank Credit Card for Internet banking:

Credit Card Login:

• Step 1 : Visit the ICICI Bank website and locate the Credit Card Login section.
• Step 2 : Input your User ID and Password using the Virtual Keyboard provided for added security.
• Step 3 : Safeguard your information and enjoy the flexibility of managing your credit card finances from your preferred location.
• Step 4 : If you encounter any login issues, rest assured that our support team is available to assist you promptly.
• Step 5 : Experience the convenience and control of managing your ICICI Bank credit card by logging in to stay updated on your transactions, payments, and rewards.

Netbanking – ICICI Bank’s Website:

Accessing your ICICI Bank credit card account via the bank’s website is simple and convenient. Here’s how:

• Step 1 : Visit ICICI Bank’s website.
• Step 2 : Navigate to the Credit Card Login section.
• Step 3 : Enter your User ID and Password using the Virtual Keyboard provided for added security.
• Step 4 : Safeguard your information and enjoy the flexibility of managing your credit card finances from anywhere.
• Step 5 : If you encounter any login issues, our support team is available to assist you promptly.
• Step 6 : Log in now to stay updated on your transactions, payments, and rewards.

How To Compare ICICI Credit Cards & Choose the Best One?

A Credit Card offers a multitude of benefits, including making purchases, paying bills, withdrawing cash, earning cashback, and enjoying various perks. Before applying for a Credit Card, it’s crucial to compare their features. 

This allows you to find the one that aligns best with your needs and spending habits, ultimately saving you money in the long term. With our Credit Card comparison tool, you can easily compare different Credit Cards offered by ICICI Bank and evaluate their features.

Here’s how to compare Credit Cards:

1.	Click on ‘Select Card to Compare’.
2.	Choose the Card from the options provided and click on ‘Add to Compare’.
3.	Repeat the process for additional Cards you want to compare.
4.	Once you’ve selected all the Cards, click on ‘Compare’.

You’ll then see a detailed comparison between the selected Cards displayed on your screen. This makes it easier to identify the features and benefits that matter most to you.

Conclusion

In summary, choosing the ideal credit card for your needs might be difficult when there are so many possibilities available from ICICI Bank. However, with the correct knowledge and perspective, the process becomes easier. You can select a credit card that best suits your spending patterns and financial objectives by evaluating features, benefits, fees, and suitability.

Offering a wide variety of credit cards, ICICI Bank can accommodate different preferences when it comes to optimising rewards, taking advantage of special benefits, or effectively managing expenses. Thus, make the most of the ease of applying online and start your quest for the ideal ICICI Bank credit card that is customised just for you.

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