Must Knows

ICICI credit cards: Features, benefits, types and reward points

[ecis2016.org] ICICI Bank offers a wide range of credit cards to suit the needs of a diverse customer base, ranging from the most basic to the most luxurious. 

ICICI Bank offers a wide range of credit cards to suit the needs of a diverse customer base, ranging from the most basic to the most luxurious. 

Features of ICICI credit cards

Following is a list of the common features and advantages that you may receive with a credit card from ICICI Bank:

Benefits for newcomers

A credit card membership with the ICICI Bank comes with several perks, including extra reward points, unlimited premium access to chosen networks, expedited payback and more. After you’ve paid the membership fee, you’ll usually get a welcome gift (if applicable).

Rewards/cashback

Majority of the ICICI Bank Credit Cards will provide you with ICICI Reward Points, while some will provide you with cash back or one of a few additional forms of bonus points. Every time you make a purchase with your ICICI Credit Card, you will receive rewards or money back, and you can exchange these points for various other things.

Benefits for reaching certain milestones

Bonus points, free memberships, and gift certificates are all examples of milestone bonuses that may be received when you meet a pre-determined spending threshold.

Benefits of traveling

Customers may choose from a wide variety of travel credit cards, both co-branded and non-co-branded, that are offered by ICICI Bank. These cards are designed to make customer journeys more enjoyable. These perks include full access to airport terminals, discounts on travel and hotel reservations, as well as a host of other advantages.

Other advantages

ICICI Bank credit cards come with a variety of additional perks, some of which include complimentary cinema tickets, special discount deals on meals, gratis insurance covers, a remission of the fuel fee, and a lot of other advantages.

Different types of ICICI credit cards

ICICI Super Premium Credit Card

  • ICICI Bank Emerald Credit Card

The bank’s premier credit card is the Emerald. The MasterCard and American Express versions of the card are both available. Credit cards from ICICI are targeted at HNIs since they provide premium perks, including free domestic & global lounge access, cheaper interest rates and foreign markups of up to Rs. 3 crore, flight accident insurance, and more.

You have the option of selecting between a monthly or an annual membership plan with this credit card, which is one of the distinctive features that set it apart from the vast majority of other credit cards available on the market today.

ICICI Premium Credit Card

  • ICICI Bank Sapphiro Credit Card

It’s the bank’s second-highest-end product. It’s also available in MasterCard and American Express versions. The Sapphiro credit card, in contrast to the Emerald card, charges the standard interest rate of 3.4% per month, plus a forex mark-up premium of 3.5%. Both of these fees apply to foreign currency transactions.

Premium credit card advantages include unlimited golf outings, priority boarding (limited), free air travel coverage, 24-hour concierge, and a respectable rewards rate. On the downside, the rewards aren’t as high as those offered by other cards.

ICICI Lifestyle Credit Cards

  • ICICI Bank Rubyx Credit Card

For those looking for an affordable credit card, ICICI’s Rubyx card is a great option. There is a yearly charge of Rs 3,000 for both the MasterCard and American Express versions. Benefits like free national airport lounge access, cheap cinema tickets, unlimited golf outings, and more are all included with this credit card rewards programme.

  • ICICI Bank Coral Credit Card

The bank’s offering falls under the recreational category and is considered an entry-level package. There is a minimal yearly membership charge of Rs. 500 associated with this product. You get access to all of the perks that come with an entry-level credit card, despite the fact that the reward rate is fairly modest. These benefits include savings on movies and eating, access to airports and train lounges, a waiver of fuel surcharge fees, and many more.

ICICI credit cards for shopping

  • Amazon Pay ICICI Bank Credit Card

Since it was introduced in October 2018, the Amazon Pay ICICI Bank Credit Card has become one of the most widely used credit cards in India. The credit card has a generous reward programme for online purchases, particularly on Amazon. If you’re a member of Amazon Prime, the offer gets much better. In contrast to other ICICI bank credit cards, this one rewards you with Amazon Pay balance, which is sent to your Amazon Pay wallet at the end of every month and may be spent at any online/offline business that takes Amazon Pay.

  • ICICI Mine Credit Card

It is a credit card that gives you cash back on purchases. The fact that this card can be purchased with one of three different monthly membership plans (the basic plan, the Rs 49 plan, or the Rs 149 plan) is the standout quality that makes it stand out from other similar products.

With this card, clients may choose from various flexible payment options, according to the bank, which makes it unique in the nation. Using the free plan, you get 1% back on all transactions. If you pay for a plan at Rs. 49 or Rs. 149, you get 5% back on purchases from some well-known retailers.

Additionally, the premium versions provide additional perks like free airport lounge access, a greater monthly cashback threshold, and immediate discounts at certain retail stores.

ICICI credit cards for travel

  • InterMiles ICICI Bank Sapphiro Credit Card

ICICI Bank’s InterMiles Sapphiro credit card is a high-end travel reimbursement instrument. On all purchases made with the card, you earn InterMiles, and on travel purchases made via the InterMiles site, such as on Etihad Airways tickets, you receive accelerated InterMiles points.

In addition to the InterMiles, this card provides its holders with a wealth of additional perks, including exclusive access to internal and overseas airport lounges, benefits related to eating and movies, golf facilities, and so on. This card is issued by American Express, and there is a yearly charge of Rs. 5,000 that must be paid in order to maintain your card.

  • MakeMyTrip ICICI Bank Signature Credit Card

It is a credit card that the bank and MakeMyTrip have worked together to create and make available to customers. MakeMyTrip gives you the opportunity to earn loyalty points in the form of My Cash, which can then be exchanged for things like plane tickets, hotel rooms, as well as other travel-related costs. Due to the fact that it is a travelling credit card, you are eligible for additional perks, such as (limited) gratis trips to domestic and foreign lounges, as well as a premium Airtel free voice pack with a value of Rs 3,999 is good for 10 days.

ICICI credit cards for fuel

  • ICICI Bank HPCL Super Saver Credit Card

ICICI Bank and Hindustan Petroleum Corporation Limited have just collaborated to develop this brand new credit card. This card’s unique selling point is that, while being a gasoline credit card, you get expedited bonus points for all of your other purchases, including groceries and utilities. With an annual membership price of just Rs. 500, it’s an affordable option for first-time cardholders.

With this card, you receive a few more perks, such as exclusive domestic lounge entrance, roadside assistance, and entertainment and dining bonuses, that many other entry-level cardholders don’t receive.

  • ICICI Bank HPCL Coral Credit Card

Another beginner-friendly gasoline credit card, this one has an annual charge of only 199 Indian Rupees, which is a pittance compared to other cards. You will get two Reward Points for every transaction made with the card, in addition to a discount of 2.5 per cent (on top of the 1% fee waiver) on gasoline purchases made at any of the HPCL fuel stations located across the nation.

ICICI credit card cashback & reward points

You will get a benefit from each of the ICICI Credit Cards in one way or another. There are cards that give you loyalty points, some that give you cashback, yet others that give you InterMiles, etc. The following table provides a summary of the bonus point and/or payback perks that are included with the 10 leading ICICI bank credit cards:

Credit Card Bonus Points/Cashback Advantage
ICICI Bank Emerald Credit Card You will get 4 Reward points for every Rs. 100 invested on any transaction that is not classified as gasoline, utilities, or insurance, but you will only earn 1 Reward point for every Rs. 100 invested on utilities or health coverage.
ICICI Bank Sapphiro Credit Card Spending in categories other than gasoline, utilities, and insurance earns you 6 loyalty points for every Rs. 100, whereas spending in those areas earns you just 1 bonus point for every Rs. 100. This is the reward structure for the MasterCard edition. The American Express version comes with a bonus of fifty per cent more reward points.
ICICI Bank Rubyx Credit Card For the MasterCard version, you will get 2 Reward Points for every Rs. 100 spent inside India and 4 Reward Points for every Rs. 100 spent outside of India. The American Express Credit card offers three Reward Points for every one hundred rupees spent inside India and six Reward Points for every one hundred rupees spent outside of the country.
ICICI Bank Coral Credit Card 2 Reward Points for every Rs 100 spent, with the exception of spending on petrol, utilities, and insurance. 1 Reward Point for every Rs. 100 spent on expenses related to utilities and insurance. There are no reward points available for purchases of petrol.
Amazon Pay ICICI Bank Credit Card Amazon Prime members get a cashback of 5% on Amazon India, while customers who are not Prime members receive a reward of 3%. Two per cent payback on purchases made at partner stores that accept Amazon Pay. Cashback is equal to 1% of the purchase price on all other types of payments (excluding purchases of gasoline).
ICICI Mine Credit Card The free version offers a 1% reward on all purchases. More than half of all purchases made with the 49 models are eligible for a cashback of up to 5% on some of the most popular brands in India, such as Amazon Prime and Grofers. You’ll get 5 per cent back on major brands like Amazon and Amazon Prime and get 1 per cent back on everything else with the 149 packages. You’ll also get 5 per cent back on major brands like Amazon and Amazon Prime and Big Basket and 1 per cent back on everything else with Gaana and Furlenco.
InterMiles ICICI Bank Sapphiro Credit Card Spending inside India earns 5 InterMiles every Rs. 100, whereas spending outside of India earns 7 InterMiles per Rs. 100. (AmEx variant). Spending inside India earns you 4 InterMiles each Rs. 100 while spending outside of India earns you 5 InterMiles per Rs. 100. (Visa variant). Enhanced InterMiles accrual rates for reservations made via the official InterMiles website.
MakeMyTrip ICICI Bank Signature Credit Card MakeMyTrip customers may get 1 My Cash for every Rs. 200 they spend on hotel bookings and 2 My Cash for the purchase of airline tickets via MakeMyTrip.com. 1.25 per cent My Cashback on any other purchases, both locally and internationally.
ICICI Bank HPCL Super Saver Credit Card Every purchase of gasoline at an HPCL station qualifies for a rebate of 4% of the purchase price. 5 per cent of payback in the form of Reward points on purchases made at department stores and utilities. For all other internal and external transactions, you will get 2 reward points for every 100 rupees that you spend.
ICICI Bank HPCL Coral Credit Card 2 Reward points for every 100 rupees spent, except the purchase of gasoline.

Redeeming reward points on ICICI credit card

It is easy to accumulate reward points with credit cards issued by ICICI Bank. Simply making purchases will result in an ever-increasing total of reward points for your wallet. If you want to continue to build up your point total, you should make an effort to pay for the items you buy with your credit card on a regular basis.

You really must bear in mind that practically all of the credit cards offered by ICICI Bank provide accelerated point earning on a variety of different segments. Your best bet is to look for a credit card that offers the best perks in the area of spending that accounts for most of your regular expenses. In addition, you should make an effort to accumulate reward points, which are paid as a welcoming advantage or a milestone bonus.

You may redeem the Reward Points you earn with the ICICI Bank Credit Cards for a wide range of categories, such as rebates, purchasing, souvenirs, and more, by approaching the customer service department of your ICICI Bank Credit Card. One ICICI Bonus Point is worth a total of Rs. 0.25. ICICI Rewards may be redeemed using the following contact information:

  • Call 080-40146444 to find out how you may exchange your points for cash. Within seven business days of receiving your request to redeem them, your rewards will be converted into a cash credit and added to your account.
  • Call 1860-258-5000 to redeem your points for the many presents that are available. Within ten working days, the present you’ve selected will be delivered to you by mail.

Online credit card application instructions for ICICI Bank

Applying for an ICICI Bank credit card may be done either online or offline, depending on your preference. To submit an application without using the internet, just go to the ICICI branch that is most convenient for you, bring the necessary papers with you, and fill out the application form in person at that location. Applying for an ICICI bank credit card may be done online by following the below steps. 

  • You must visit the homepage for credit cards on the ICICI bank official site.
  • Select the credit card for which you want to apply.
  • For your application to be complete, you must provide the relevant documents.
  • Once your application has been filed, bank personnel evaluate it.
  • If your request is granted, your credit card will be sent to your mailing address.

Required documents

Identity proof

  • Voter Card
  • Aadhar Card
  • Driving License
  • PAN Card
  • Passport

Address Proof

  • Aadhar card
  • Passport
  • Utility Bills

Credit card application status at ICICI Bank

You may check the status of your application by providing a few needed detail here. To learn more, you may also speak with a representative from ICICI Credit Card Customer Service.

How are ICICI Bank credit cards activated?

  • Access your net banking account and authorise your ICICI Bank Credit Card. Selecting the “Generate PIN Online” option under “Credits” will allow you to activate your card quickly and securely.
  • You may also call the ICICI Credit Card customer service and ask the bank staff to help you activate your credit card.
  • An ICICI Bank ATM may also be used to activate your ICICI Bank Credit Card. To authorise your credit card with an OTP, just go to the closest ATM and choose that option from the home screen.
  • If you believe that all of the aforementioned ways are too complicated for you, you can easily go to the ICICI bank branch that is closest to you and ask the employees there for assistance with activating your credit card.

FAQs

How can I prevent fraud or theft from occurring with my ICICI Bank Credit Card?

A ICICI Credit Card must be signed as soon as it is received. ATM receipts must not be left behind while using a credit card. Make sure you don’t give out your credit card statements to anybody. Before disposing of them, shred them. Don’t be fooled into handing over your credit card information for bogus offers. Verify the monthly statement you get to ensure that all charges are accurate and that no illegal sums have been deducted from your card. Always check this statement.

What happens if I lose or damage my ICICI Credit Card?

The first step is to notify the card’s issuer, ICICI Bank, of the loss by contacting the customer service number on their website. A replacement credit card will not be issued to you until the bank has been notified of the theft of your card and has blocked it. If you are using a mobile phone registered with ICICI Bank, you may also execute this same operation through SMS.

How can I make a payment on my ICICI Credit Card?

You may use either the online or the offline methods to make payments with your ICICI Credit Card. You have the option of using services such as net banking, mobile banking, the ICICI Bank android application, Billdesk, or a debit card to pay your bills online. On the other hand, if you choose to pay your credit card bills in a manner other than online, you may go to any of the branch locations in the area and pay with either cash or a check.

What to do if an application for the ICICI Bank Credit Card is denied?

Your application will be denied by the bank if you do not satisfy the requirements for eligibility that the bank has established. Your existing application status will often be communicated to you by the bank in the form of a text message sent to the mobile phone that you have on file with the institution. In addition to this, you may check the progress of your application online by entering the application number that was provided to you. If you wish to check the progress of your application without using the bank’s website, you may contact the customer service number and ask the agent about the current status of your application.

How does ICICI Credit Card calculate interest?

If the complete amount due is not paid by the due date, the customer is responsible for paying interest on the balance remaining unpaid at the end of the billing cycle. As the prior overdue amount is needed to be settled in its entirety, interest is imposed not only on the total amount that is still pending but also on any new transactions that have been made up to this point. Cash advances are subject to interest charges from the day of the transaction until the date payment is expected to be made.

Source: https://ecis2016.org/.
Copyright belongs to: ecis2016.org

Debora Berti

Università degli Studi di Firenze, IT

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button