The Amazon Pay ICICI Credit Card is a co-branded credit card offered by ICICI Bank in partnership with Amazon. It is designed to cater specifically to frequent shoppers on Amazon’s platform. This credit card provides various exclusive benefits and rewards, making it an attractive choice for those who frequently make purchases on Amazon.
Features and Benefits
The Amazon Pay ICICI Credit Card comes with a host of features and benefits that enhance the overall shopping experience. Some key features include:
Dining Delights and Savings
Embark on a gastronomic journey like no other with the Amazon Pay ICICI Credit Card’s Culinary Treats Programme. Relish exquisite cuisine at over 2,500 restaurants across India and enjoy an impressive 15% discount on your dining bills. Whether you’re indulging in fine dining or exploring trendy cafes, this programme ensures your taste buds are satisfied while your wallet remains content.
Fuel Surcharge Waiver
Each time you refuel, enjoy a convenient 1% waiver on fuel surcharge payments. Whether it’s a short drive or a long road trip, this perk ensures that you save money at the pump.
Cashback Bonanza for Amazon
Even if you’re not an Amazon Prime member, you can still earn impressive cashback rewards with the Amazon Pay ICICI Credit Card. Whenever you make purchases on Amazon India, you receive a generous 3% cashback. From electronics to fashion, home essentials to books, enjoy a seamless shopping experience and reap the rewards.
Cashback at Partner Merchants
Maximize your savings by utilizing the Amazon Pay ICICI Credit Card for payments on Amazon Pay. By doing so, you earn an attractive 2% cashback on transactions with over 100 partner merchants. From travel bookings to bill payments, your everyday expenses become rewarding, making each transaction feel like a win.
All-Round Cashback for Other Expenses
The benefits of the Amazon Pay ICICI Credit Card extend beyond online shopping. For all other expenses such as shopping, dining, insurance payments, and travel costs, you earn a consistent 1% cashback. Whether you’re treating yourself to a shopping spree or managing your monthly bills, this card ensures that you earn rewards every step of the way.
No Fees, No Worries
With the Amazon Pay ICICI Credit Card, there are no joining fees or annual fees to burden you. This means you can enjoy the card’s numerous benefits without any additional cost, making it a financially savvy choice for ICICI Bank customers.
Limitless Rewards, Endless Possibilities
When it comes to rewards, the Amazon Pay ICICI Credit Card sets no limits. Your earned rewards have no expiry date, allowing you the freedom to accumulate and redeem them at your convenience. So whether you’re saving up for a dream vacation or treating yourself to something special, the choice is yours.
Amazon Pay ICICI Credit Card brings exclusive privileges and remarkable benefits to ICICI Bank Credit Card customers. From dining savings and fuel surcharge waivers to impressive cashback rewards, this card is designed to enhance your lifestyle while providing financial convenience.
Annual Fee and Charges
Joining Fees, Annual Fees, and Supplementary Card Fees
The Amazon Pay ICICI Bank Credit Card does not have any joining fee or annual fee. Joining this exclusive program is completely free, and there are no charges for obtaining or maintaining the Amazon Pay ICICI Bank Credit Card.
Interest Charges
The Amazon Pay ICICI Bank Credit Card has varying finance charges based on the customer’s behavior and performance. The monthly interest rate can range from 3.5% to 3.8%, which translates to an annual interest rate of 42% to 45.6%. Please note that these rates may change based on ICICI Bank’s discretion with prior notice to the customer.
- Interest will be charged if the Total Amount Due is not paid by the payment due date.
- Interest will be charged on the Total Amount Due and all new transactions from the transaction date until the previous outstanding amounts are paid in full.
- The rate of interest may change.
Other Fees and Charges
- Cash Advance – Transaction Fee:
- On all Cards: 2.50% of the advanced amount, subject to a minimum of Rs 300.
- Dial-a-draft – Transaction Fee:
- 3% of the draft value amount, subject to a minimum fee of Rs 300.
- Late Payment Charges:
- Total Amount Due: Less than Rs 100 – No late payment charges.
- Total Amount Due: Between Rs 100 – Rs 550 – Late payment charges of Rs 100.
- Total Amount Due: Between Rs 501 – Rs 5,000 – Late payment charges of Rs 550.
- Total Amount Due: Between Rs 5,001 – Rs 10,000 – Late payment charges of Rs 550.
- Total Amount Due: Between Rs 10,001 – Rs 25,000 – Late payment charges of Rs 750.
- Total Amount Due: Between Rs 25,001 – Rs 50,000 – Late payment charges of Rs 750.
- Total Amount Due: More than Rs 50,000 – Late payment charges of Rs 750.
- Over-limit Charges:
- 2.50% on the over-limit amount, subject to a minimum of Rs 550.
- Return of Cheque:
- Charges for return of cheque: 2% of the Total Amount Due (minimum Rs 450).
- Auto-Debit Return Fee:
- Charges for auto-debit return fee: 2% of the Total Amount Due (minimum Rs 450).
- Fee on Cash Payment at Branches:
- Rs 100 per payment transaction.
- Outstation Cheque Processing Fee:
- 1% of the cheque value, subject to a minimum of Rs 100.
- Duplicate Statement Request (beyond 3 months):
- Rs 100.
- Card Replacement Fee:
- Rs 100.
- Cheque/Cash Pick-up Fee:
- Rs 100 per pick-up.
- Charge Slip Request:
- Rs 100 per charge slip.
- Foreign Currency Transactions:
- Mark-up of 3.50% on the transaction amount.
- Rent Pay Transactions (w.e.f. Oct 20,2022):
- 1% fee on the transaction amount.
- Goods and Services Tax (GST):
- The applicable rate of GST for banking and financial services is currently 18% on all fees, interest, surcharge, and other charges.
Eligibility and Application Process
To be eligible for the Amazon ICICI Credit Card, individuals need to meet certain criteria set by ICICI Bank. The eligibility criteria typically include minimum age, income requirements, and credit history.
The application process for the Amazon ICICI Credit Card can be completed online through the ICICI Bank website or mobile app. Applicants need to provide necessary personal and financial details, and the bank will review the application before approving or rejecting it.
Customer Service and Support
ICICI Bank has a dedicated customer service team to assist Amazon ICICI Credit Card users. Cardholders can reach out to the bank through various channels, including phone, email, or the bank’s website. Additionally, ICICI Bank provides online account management tools that allow users to track their expenses, pay bills, and manage their credit card account conveniently.
Comparison with Other Credit Cards
When choosing a credit card, it is essential to compare it with other available options to make an informed decision. While the Amazon ICICI Credit Card offers unique benefits for Amazon shoppers, there might be other credit cards in the market that provide different rewards, lower fees, or additional features. It is advisable to compare the terms and benefits of different cards to determine the best fit for your needs.
Tips for Maximizing the Benefits
To make the most of the Amazon ICICI Credit Card, consider the following tips:
- Use the card for all your Amazon purchases to earn maximum cashback and reward points.
- Pay your credit card bills on time to avoid any additional charges.
- Understand the reward structure and spend more in categories that offer accelerated rewards.
- Keep track of milestone rewards and utilize them effectively.
Advantage & Disadvantage
Advantage:
- Exclusive benefits and rewards for Amazon shoppers.
- Accelerated rewards on specific categories.
- No Cost EMI option.
- Contactless payment support.
Disadvantage:
- Annual fee and additional charges.
- Limited rewards on non-Amazon purchases.
- Eligibility criteria and credit history requirements.
Conclusion
The Amazon ICICI Credit Card is an attractive choice for avid Amazon shoppers. With its exclusive benefits, accelerated rewards, and milestone rewards, it offers a compelling proposition. However, it is essential to evaluate your spending patterns, credit needs, and preferences before applying for this credit card. Consider comparing it with other available options to ensure it aligns with your requirements and provides the best value for your money.
FAQs
1. How can I apply for the Amazon Pay ICICI Credit Card?
To apply for the Amazon ICICI Credit Card, visit the ICICI Bank website or download their mobile app. Fill in the necessary details and submit the application online. The bank will review your application and notify you of its status.
Is there an annual fee for the Amazon Pay ICICI Credit Card?
No, You don’t have to pay any annual fee or joining fee for this card. It’s completely free to use, so you can enjoy all the benefits without any extra charges.
Can I convert my purchases into EMIs using the Amazon ICICI Credit Card?
Yes, the card offers a no-cost EMI option, allowing you to convert your purchases into easy monthly installments without any additional charges.
Are there any specific categories where I can earn accelerated rewards?
Yes, the Amazon ICICI Credit Card provides accelerated rewards for Amazon purchases, dining expenses, and fuel expenses. These categories offer higher rewards points compared to other categories.
How can I contact ICICI Bank for queries related to my Amazon ICICI Credit Card?
You can contact ICICI Bank’s customer service through their helpline number or visit their website for online assistance. The bank provides various channels to address customer
