Best ICICI Bank Credit Cards Of 2024
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ICICI Bank, one of the top banks in India, has introduced a number of credit cards whose offerings have significantly improved with the passage of time. We have analyzed the bank’s credit cards and chosen a list of cards with the most useful and attractive offers at the most competitive prices.
- Featured Partners
- Best ICICI Credit Cards 2024
- ICICI Coral Credit Card
- ICICI Platinum Chip Credit Card
- Amazon Pay ICICI Credit Card
- ICICI Bank HPCL Super Saver Credit Card
- MakeMyTrip ICICI Bank Platinum Credit Card
- Summary: Best ICICI Credit Cards 2024
- Methodology
- What is PAYBACK?
- How to redeem PAYBACK points?
- What are My Cash-Points?
- Eligibility for ICICI Credit Card
- Documents Required for ICICI Credit Card
- How to Apply for an ICICI Bank Credit Card?
- How to Apply for an ICICI Credit Card Apply Online?
- How to Apply for an ICICI Credit Card Offline?
- ICICI Credit Card Fees & Charges
Featured Partners
1
SimplyCLICK SBI Credit Card
Annual Fee
INR 499+ taxes
Welcome Gift
INR 500 worth e-gift card from Amazon
Features
1% Fuel Surcharge Waiver on transactions between INR 500 and INR 3000, Get e-Vouchers worth INR 2000 for annual online spends of 1 Lakh
2
HSBC Cashback Credit Card
Annual fees
INR 999 (which will be reversed if the total annual spend exceeds INR 200,000)
Cashback features
10% accelerated cashback on dining, food delivery and grocery spends (up to INR 1000 per billing cycle); 1.5% unlimited cashback on other spends* (exclusions apply)
Other benefits
4 complimentary domestic lounge visits per year (1 visit per quarter)
3
IndusInd Bank Legend Credit Card
Annual Fee
INR 9,999 + GST
Welcome Benefits
Complimentary Stay at Oberoi Chain of Hotels.
Features
Free Movie Tickets on BookMyShow, 2x Rewards on Weekend spends, Access to 700+ lounges worldwide
4
AU Bank Altura Plus Credit Card
Annual Fee
499 + applicable taxes
Welcome Benefits
Gift vouchers
Features
1.5% Cashback on all POS retail spends, 1% Fuel Surcharge Waiver on transactions between INR 400 and INR 5,000.
5
Standard Chartered Rewards Credit Card
Rewards
4 reward points* per INR 150 on all retail spends (excluding government, insurance and fuel spends)
Joining Fees
Nil (2nd year onwards the annual fees will be reversed on spends of INR 3,00,000+ in the previous year)
Fuel Surcharge Waiver
Upto 1% Fuel Surcharge waiver (terms and conditions apply)
Best ICICI Credit Cards 2024
ICICI Coral Credit Card
Annual Fee
INR 500 + GST
Reward Points
2 PAYBACK points on spending INR 100
Welcome Benefits
Nil
Annual Fee
INR 500 + GST
Reward Points
2 PAYBACK points on spending INR 100
Welcome Benefits
Nil
The ICICI Bank Coral Credit Card is a point-based basic credit card. This credit card is recommended only for its various shopping offers and not for the reward points as its PAYBACK percentage is low.
The ICICI Platinum Chip Credit Card and ICICI Bank Coral Credit Card are very similar, barring a few extra privileges such as the added facility of railway and airport lounges on the latter. Many times, the bank offers this card to its loyal customers as a pre-approved credit card that doesn’t attract a joining fee or an annual fee, making it a harmless card to have.
- Single domestic railway lounge visit per quarter, which is a rare facility provided by cards in this range.
- Special online offers are available from time to time on websites such as Amazon, Tata Cliq, among others.
- Owing to the milestone reward programme, an annual cap of 10,000 PAYBACK points restricts the user from earning any more reward points for that year.
- 2 PAYBACK points is just INR 0.50 or 50 paise, which is low compared to other cards in the same range.
- You will have to spend a minimum of INR 5,000 per quarter for a single visit to select airport lounges in India.
Ongoing Benefits:
- Single domestic railway lounge visit per quarter.
- Single visit per quarter to select airport lounges in India (only after spending minimum INR 5000 in a calendar quarter with your card).
- 25% discount on up to INR 100 on buying two movie tickets in a single transaction on BookMyShow and Inox. This facility can be availed twice in a month.
- ICICI Bank’s Culinary Treats Programme provides exclusive offers on dining to cardholders from time to time and involves discounts on ordering food from participating restaurants.
- Like the ICICI Platinum Chip Credit Card, this card also comes with a security chip.
Reward Points:
- 2 PAYBACK points on spending INR 100.
- Earn 1 PAYBACK point on spending INR 100 on utilities and insurance categories.
- There are no PAYBACK points on fuel.
- ICICI Bank Milestone Rewards program:
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- On spending INR 2 lakh with the help of ICICI Bank Coral Credit Card, you get 2000 PAYBACK points.
- After spending the INR 2 lakh in an anniversary year, you get 1000 PAYBACK points on every additional spend of INR 1 lakh.
- In this milestone reward programme there is a cap of 10,000 PAYBACK points. Once you have gained 10,000 reward points, you will not be granted any further reward points for that year.
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ICICI Platinum Chip Credit Card
Annual Fee
Nil
Reward Points
Get 2 PAYBACK Points on every INR 100 spent for retail purchases
Welcome Benefits
Nil
Annual Fee
Nil
Reward Points
Get 2 PAYBACK Points on every INR 100 spent for retail purchases
Welcome Benefits
Nil
The ICICI Platinum Chip Credit Card is a point-based basic credit card that offers a long list of periodic offers with its partners making it ideal for users interested in shopping discounts. The PAYBACK percentage on its reward points is low. This card can be considered useful for beginners who already have a credit card and are looking to avail interesting offers. You need a valid fixed deposit with ICICI Bank. The minimum deposited amount should be INR 20,000 for a time period of 180 days or more.
- No annual fee or joining fee.
- Security chip to protect the card from frauds.
- PAYBACK points available for insurance payment as well.
- Fuel surcharge waiver is only available at HPCL pumps.
- You need a valid fixed deposit with ICICI Bank.
Ongoing Benefits:
- There are multiple special online offers available for users and discounts available on various reputed brands from time to time.
- 1% fuel surcharge waiver can be availed on fuel transactions of maximum INR 4,000 at HPCL pumps when your credit card is swiped on the ICICI merchant services’ swipe machines.
- Discount of 15% on dining at 2,500 partner restaurants under the ICICI Culinary Treat Programme.
Reward Points:
- Earn 2 PAYBACK points on every INR 100 spent for all retail purchases except fuel.
- Get 1 PAYBACK point on every INR 100 spent on utilities and insurance categories.
- There are multiple special online offers available for users and discounts available on various reputed brands from time to time.
- 1% fuel surcharge waiver can be availed on fuel transactions of maximum INR 4,000 at HPCL pumps when your credit card is swiped on the ICICI merchant services’ swipe machines.
- Discount of 15% on dining at 2,500 partner restaurants under the ICICI Culinary Treat Programme.
Amazon Pay ICICI Credit Card
Annual Fee
Nil
Reward Points
Various cash-backs
Welcome Benefits
Nil
Annual Fee
Nil
Reward Points
Various cash-backs
Welcome Benefits
Nil
The Amazon Pay ICICI Credit Card was launched by the ICICI Bank in collaboration with Amazon in October 2018. It is aimed at facilitating those interested in shopping from Amazon and make use of its flagship paid subscription programme Amazon Prime at the same time. It is a lifetime free card, which implies the card attracts no annual charges, and is an easy-to-use basic card for people who would like to shop from Amazon.
- The card can be availed without any annual fee.
- Cardholders enjoy a surcharge waiver on purchase of fuel.
- Users can earn unlimited reward points.
- No upper limit or lower limit to the Amazon Pay balance that you earn or spend. No expiry date for this balance.
- It is an invite-only credit card.
- One has to be a member of Amazon Prime to get the full discount.
- No joining fee or annual fee for this card.
- This card is an invite only credit card, so one needs an invitation to become a cardholder. People can apply through the Amazon website as well, but not through ICICI Bank.
- For Amazon Prime members there is a 5% cash-back in the form of Amazon Pay balance on any purchase made from Amazon’s website.
Ongoing Benefits:
- Minimum discount of 15% on your dining bill at partner restaurants. Card users will have to present the card while settling the bill.
- A fuel surcharge waiver of 1% can be availed.
Cash-Back:
- To avail a full 5% discount on your Amazon Pay ICICI Credit Card, you need to have an independent Amazon Prime membership.
- For customers who don’t have an Amazon Prime Membership, there is 3% cash-back in the form of Amazon Pay Balance.
- On any purchase from Amazon Pay’s merchant partners, there are Amazon Pay Balance points worth 2% of the purchase. Some of Amazon Pay’s merchant partners include BookMyShow, Haptik, Redbus, Café Coffee Day, Byju’s, Amar Chitra Katha, Chumbak, Urban Ladder and Lavie (bags and shoes).
- There is a 1% Amazon Pay Balance on every purchase.
- Unlimited reward points and there is no upper limit or lower limit to the Amazon Pay Balance that you earn or spend. There is no expiry date on this balance as well.
ICICI Bank HPCL Super Saver Credit Card
Annual Fee
INR 500 + GST
Reward Points
• 5% cash-back on purchasing fuel from HPCL petrol pumps.
• Additional 1.5% cash-back (in the form of cash-points) on making payments through HP Pay app.
Welcome Benefits
Cash-back of INR 100 on using HP Pay app and 2000 reward points on activation.
Annual Fee
INR 500 + GST
Reward Points
• 5% cash-back on purchasing fuel from HPCL petrol pumps.
• Additional 1.5% cash-back (in the form of cash-points) on making payments through HP Pay app.
Welcome Benefits
Cash-back of INR 100 on using HP Pay app and 2000 reward points on activation.
ICICI Bank in partnership with HPCL has launched the ICICI Bank HPCL Super Saver Credit Card. There is no upper limit on getting cash-back but there is no surcharge waiver, this deficit is balanced by giving an additional cash-point worth 1.5% of the purchase on making payments through HP Pay app.
- Additional 1.5% cash-back (in the form of cash-points)on making payments through HP Pay app.
- There is no fuel surcharge waiver.
Ongoing Benefits:
- 5% cash-back on purchasing fuel from HPCL petrol pumps.
- Additional 1.5% cash-back (in the form of cash-points)on making payments through HP Pay app.
- No upper limit on cash-back received from fuel purchase.
- 5% cash-back in the form of cash-points on the purchase of grocery, departmental stores and payment of utility bills.
- On any kind of retail purchase there will be two reward points on every INR 100 spent.
- No upper limit on reward points for non-fuel purchase.
MakeMyTrip ICICI Bank Platinum Credit Card
Annual Fee
Nil
(There is a one time joining fee of INR 500)
Reward Points
My Cash-Points
Welcome Benefits
• MakeMyTrip cash in “My Wallet” worth INR 500.
• INR 3,000 worth holiday vouchers of MakeMyTrip holiday
Annual Fee
Nil
(There is a one time joining fee of INR 500)
Reward Points
My Cash-Points
Welcome Benefits
• MakeMyTrip cash in “My Wallet” worth INR 500.
• INR 3,000 worth holiday vouchers of MakeMyTrip holiday
ICICI has introduced this credit card as a result of a collaboration with MakeMyTrip, a well known travel company, hence the key area of the functioning of this card is tours and travels.
There is no annual fee on this card, just the joining fee for the first year. There’s cash-back on the spends which is credited to the users,’ My Cash’, which has a validity of 90 days and can only be used in making spends through this credit card. This card is a good card for frequent travelers.
- Good dining discounts
- Waiver of fuel surcharge.
- Validity of,’ my cash-points’, is just 90 days.
- My cash-points can only be redeemed while using the credit card. There is no hard cash available.
- 1 complimentary airport lounge access per quarter only on spending INR 5,000 in a calendar quarter.
Cash-Points:
- On spending INR 2.5 lakh one gets 1,000 My Cash each anniversary year.
- On spending INR 50,000 on flights/hotels/holiday bookings on MakeMyTrip Website, Mobile Site or Mobile Application users get INR 1,000 My Cash each anniversary year.
Additional Features:
- 1 complimentary airport lounge access per quarter on spending INR 5,000 in a calendar quarter on this card to avail of this facility in the next calendar quarter.
- Discount of 25% up to INR 100 on purchase of minimum two tickets per transaction twice a month.
- Dining discounts from time time which can be checked on the website under the name of Culinary Treats.
- No fuel surcharge on fuel transactions up to INR 4,000 each month.
Summary: Best ICICI Credit Cards 2024
Methodology
We analyzed all the credit cards issued by the ICICI Bank and selected the best among them based on some basic criteria:
Value for money: This was the most important factor that has been taken into consideration. The cards that provide maximum benefits made it to our list.
Cash-back: Half a star to credit cards providing cash-backs and half a star where the system of credit is not complicated and easy for the customers to understand.
Annual Fee and joining fee: Half a star to credit cards without any annual fee and half for no
joining fee. Any credit card without any annual fee and joining fee will get a full star, but a joining fee of INR 500 has been considered equivalent to no annual fee.
Availability for all income groups: Half a star if the services of the credit card are available for all income groups, and another half if services extend to multiple geographies and not just major cities.
Welcome gifts: Half a star for welcome gifts and half a star for easy usage of those gifts. Here if the intrinsic value of the usable gift at least covers the annual fee, the credit card will get a full star.
Additional benefits: Half a star to credit cards providing additional benefits and half to the credit cards in which these additional benefits are more user-friendly. For example, if a card offers a fee waiver to a user who will spend INR 3 lakh in one year, it is unlikely all cardholders may want to spend that much in one year. This makes the feature redundant for certain cardholders.
What is PAYBACK?
PAYBACK is a multi-brand reward program. It has partnered with some of the prominent brands in India. These companies vary from producers of fashion accessories to charity organizations, keeping in mind the requirements of the customers, ICICI Credit Card customers can utilize their PAYBACK Points to purchase things of their choice. Some of the companies they have partnered with are as follows:
- Philips
- Samsung
- Amazon
- Adidas
- Pizza Hut
- BookMyShow
How to redeem PAYBACK points?
Payback points can be redeemed in the following ways:
- Reward points are redeemable for products through PAYBACK, or cash.
- PAYBACK points can be redeemed for movies and travel vouchers, lifestyle products, mobiles, appliances, among others
- 1 PAYBACK point is worth INR 0.25.
PAYBACK points can be checked and redeemed by logging into the ICICI website using your login credentials to get your account details.
- Once you’ve opened it successfully go to the account summary section, where you will get the option of reward points, you will have to click on that tab.
- Once the reward points page is open, opt for,’View Rewards.
- After this will be the last step of clicking on, “Redeem rewards”, and now you will be able to use the reward points.
- You will get to the reward catalog and with the help of the reward points you will be able to select e-vouchers of your choice from various companies. The reward points required to purchase these e-vouchers will be mentioned there. If you have sufficient PAYBACK points you will be able to get the vouchers.
What are My Cash-Points?
These are the cash-points exclusively offered by MakeMyTrip ICICI Bank Platinum Credit Card and these points can only be redeemed to book services offered by MakeMyTrip.
What is an Amazon Prime membership?
It is a paid subscription program from Amazon that gives users access to additional services otherwise unavailable or available for a charge. Services include quick delivery of goods and streaming music, videos, e-books, gaming, grocery shopping services, among others.
Subscribers of Amazon Pay ICICI Bank credit card with Prime membership get 5% reward points on all purchases on Amazon.in. One needs to have both a credit card and the prime membership. Following are the other facilities that prime members get:
- No cost EMI with zero processing fees.
- Zero down payment and zero effective interest. You can also earn unlimited.
- 2% reward points on payments at 100+ Amazon Pay partner merchants.
- 1% reward points on all other payments (except fuel purchases).
These facilities are currently available in 35 cities across India.
Eligibility for ICICI Credit Card
Following are the factors making an individual eligible for an ICICI credit card.
- Minimum Age: 21 years and 18 in some cases.
- Maximum Age: 60 years.
- Annual salary: 2.5 lakh, however this criteria may vary depending on the credit cards as this amount may differ for expansive cards.
- Nationality: For Indian nationals.
- Credit score: The score should be between 750 and 900 for a Credit Card.
- Employment: No bank would like to trust an applicant who doesn’t have a stable source of income. The employment status of an applicant has a significant impact on his/her chances of getting a Credit Card. Being in a job for over a year increases the chances substantially as it signals that you have a stable job and will be able to service Credit Card dues on time.
- Residence: Place of residence is an important factor, as credit cards are not available in all the districts and locations.
Documents Required for ICICI Credit Card
It is mandatory to have either a PAN Card or Aadhar card for KYC.
One of the following as the proof of income
- Latest payslip
- Form 16
- IT return copy as proof of income
One of the following the proof of residence
- Passport
- Ration Card
- Electricity bill
- Landline telephone bill
One of the following for Identity proof
- Passport
- Driving license
- PAN card
- Aadhaar card
How to Apply for an ICICI Bank Credit Card?
One can order a credit card in the following Six ways from ICICI Bank.
- You can apply online by visiting the official website of ICICI Bank.
- Applicants can also apply from a partner website.
- Existing customers of ICICI bank can use their mobile application as well to apply for a credit card.
- You can personally visit ICICI bank and apply for the credit card of your choice.
- Calling ICICI Bank customer care is also an option.
- Customers can also apply for a credit card on a sales call.
How to Apply for an ICICI Credit Card Apply Online?
Applicants can visit ICICI Bank’s website and then go to the credit card section. There you will have to select the option to apply now given with the credit card of your choice, after which it will ask for your PAN Card number , name, address, etc. After submitting all the required things it will generate an OTP which will be sent to you on your registered mobile number. Once you enter this OTP number in a slot on the screen of your computer, your application will be accepted.
After this the bank will get in touch with you on the suitable time of your choice for the KYC procedures, this can be done by sending someone to your residence or by doing it online. Once the KYC is done you will get the welcome kit of your credit card by mail within a few days.
How to Apply for an ICICI Credit Card Offline?
You can visit any branch of ICICI Bank physically and apply for the card. KYC can be done by submitting the above mentioned documents. ICICI’s agents will take a picture of the customer with a digital camera, after which if all the documents are found to be ok, you will be sent the welcome kit within seven working days.
ICICI Credit Card Fees & Charges
Following are the main charges and fees charged by ICICI Bank on the users of their credit card.
Cash Advance Charges: There will be a charge of 2.5% if a person takes out cash with the help of his credit card from an ATM in time of an emergency.
Late Payment Charges: 30% on the minimum amount due on missing the payment of the outstanding bill on the due date.
Return of Cheque: There will be a charge of INR 250 a cheque bounces.
Over-limit charges: 2.5% of the amount above your credit limit will be charged on exceeding your credit limit.
Cash Payment Fee: Fee of INR 100 on paying your credit card bills in cash in any of the branches.
Foreign Currency Transactions: 3.5% of the amount of a transaction in foreign currency with your credit card.
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