The Amazon Pay ICICI Bank Credit Card has emerged as a practical finance option for customers who regularly shop online.
This co-branded credit card combines the convenience of Amazon Pay with the financial services of ICICI Bank, offering a rewards system that is designed to appeal to regular users of Amazon.in.
It aims to provide a seamless shopping experience by integrating a reward points system directly with the user’s Amazon account.
The credit card offers cashback on a range of purchases, including Amazon Pay transactions, which can be especially beneficial for those who utilize Amazon for a large portion of their shopping needs.
With features such as no joining or annual fees and an automatic conversion of rewards points to Amazon Pay balance, it stands out as a go-to choice for Amazon loyalists.
Understanding the terms, benefits, and potential drawbacks is crucial for any credit card user.
Card Highlights
| Card Category | Shopping |
| Card Issuer | ICICI Bank in association with Amazon |
| Credit Card Network | Visa |
| Reward Multiplier | No |
| Welcome Reward | ₹ 2000 worth Cashback* |
| Annual Fees | ₹0 (Zero) |
| Foreign Transaction Fee | 3.5% |
| Recommended Credit Score | 700+ |
| CG Ratings | 4.0/5 |
Table of Contents
Amazon Pay ICICI Bank Credit Card: Detailed Review
This section provides an in-depth analysis of the Amazon Pay ICICI Bank Credit Card, focusing on its key offerings such as welcome benefits and rewards structure.
Welcome Benefits
Upon acquiring the Amazon Pay ICICI Bank Credit Card, users receive a valuable welcome gift designed for immediate utility. Customers can enjoy a flat ₹200 cashback on their first shopping or bill payment on Amazon.
For utility services, the card extends:
- Gas Cylinder Booking: 10% cashback up to ₹250
- Prepaid Recharge: 50% cashback up to ₹100
- Postpaid Bill Payment: 25% cashback up to ₹350
- Electricity Bill Payment: 20% cashback up to ₹50
- DTH Recharge: 25% cashback up to ₹200
- Broadband Bill Payment: 25% cashback up to ₹400
Additionally, cardholders are entitled to a complimentary three-month Prime membership, enhancing the overall shopping and entertainment experience on Amazon.
Rewards and Cashback
Cardholders benefit from a tiered cashback system that incentivizes purchases through Amazon India and other transactions. The breakdown of cashback rewards is as follows:
- Amazon India Purchases:
- Prime Members: 5% cashback
- Non-Prime Members: 3% cashback
- Partner Merchants & Services:
- 2% cashback on Amazon Pay partner merchants, flight bookings, utility bill payments, mobile and DTH recharges, ebook acquisitions, and gift card purchases.
- All Other Transactions:
- A uniform 1% cashback
However, it’s important to note that no rewards are accumulated for gold, fuel, and EMI purchases. By aligning the card usage with specific categories, cardholders can maximize their cashback and overall benefits.
Also Read: How to Check Amazon Pay ICICI Credit Card Reward Points?
Benefits and Advantages
The Amazon Pay ICICI Bank Credit Card offers a suite of benefits tailored to enhance the shopping and spending experience.
Particularly, cardholders enjoy valuable rewards on their purchases, including a distinct advantage at fuel stations.
Fuel Surcharge Waiver
Amazon Pay ICICI Credit Card cardholders can benefit from a 1% fuel surcharge waiver at any fuel station across India. This waiver is applicable on transactions that do not exceed Rs. 4,000, allowing consumers to save consistently on their fuel purchases.
Each transaction is handled seamlessly, ensuring that cardholders can enjoy a straightforward saving process at the pump.
Value Of Amazon Pay ICICI Credit Card
The Amazon Pay ICICI Credit Card offers solid value to frequent shoppers on Amazon.in.
Customers using this credit card receive reward points that directly translate to Amazon Pay balance, thus creating tangible benefits for cardholders.
One of the key aspects is the reward points system:
- Reward Value: Each reward point accumulated is equivalent to 1 INR, which is a straightforward conversion rate.
- Earnings on Purchases: Cardholders earn 5% back on Amazon for Amazon Prime customers, 3% for non-prime customers, 2% for 100+ partner merchants of Amazon Pay, and 1% for all other transactions.
Here’s how the reward system benefits various customer segments:
- Prime Members: They receive the highest value, enhancing their shopping experience with an effective discount of 5% on their Amazon purchases.
- Regular Shoppers: Regular Amazon customers still benefit from a 3% reward rate on their purchases without a Prime membership.
- Daily Spend: Every transaction outside Amazon, including daily expenses, accumulates reward points that add up to savings in the long run.
The credit card also features no joining or annual fees, potentially increasing the overall value for the consumer.
In essence, the simplicity of the rewards system and the direct linkage to the Amazon Pay balance make it an attractive option for those looking to optimize their spending on Amazon.in and associated merchants.
Amazon Pay ICICI Credit Card Reward Points Redemption
Amazon Pay ICICI Credit Card cardholders can redeem their reward points by shopping on Amazon.in or at other merchants accepting Amazon Pay.
Redemption is simple:
- Log In: Users must log into their Amazon.in account or the merchant’s site where Amazon Pay is accepted.
- Shop: Add desired items to the shopping cart.
- Checkout: At the payment page, select the option to pay with Amazon Pay balance. The available point balance is displayed here.
- Redeem: Users can choose how many points to redeem for the purchase.
For those seeking to leverage their Amazon Pay ICICI Credit Card reward points, these steps ensure a seamless redemption experience.
Eligibility Criteria
To obtain the Amazon Pay ICICI Bank Credit Card, applicants must meet certain eligibility requirements.
Amazon Pay ICICI Bank Credit Card‘s main eligibility points are:
- Age: 18 to 65 years
- Income: Stable income for salaried or self-employed applicants
- Credit Score: Good standing
- Residential Status: Permanent address or compliance with NRI criteria
- Bank Relationship: Existing relationship may be advantageous
- Serviceable Locations: Must be in an area serviced by ICICI Bank
Also Read: How to Get Amazon Pay ICICI Credit Card: Step-by-Step Guide
Fees and Charges
The Amazon Pay ICICI Bank Credit Card offers competitive fees and charges, making it a cost-effective option for many users.
The primary allure is its no annual fee feature, enhancing its appeal to cost-conscious customers.
The card does not charge any joining fee, which is an added benefit for those who are looking to reduce upfront costs.
Here are Amazon Pay ICICI Bank Credit Card fees and charges:
| Fee Type | Charge |
|---|---|
| Annual Fee | ₹0 (Zero) |
| Joining Fee | ₹0 (Zero) |
| Cash Advance Fee | 2.5% of the transaction |
| Finance Charges | 3.5% per month (42% p.a.) |
| Foreign Currency Fee | 3.5% of the transaction |
It’s necessary for the cardholders to be aware of the late payment fees, which vary according to the outstanding amount with a maximum cap. Late payment can attract a fee of up to ₹750 based on the due balance.
For those seeking more comprehensive information on the various fees and charges, it is advised to check the detailed review on Amazon Pay ICICI Credit Card charges and fees.
This can provide detailed insights, aiding users in making an informed decision regarding the credit card.
Every cardholder must review the fee structure carefully to avoid any unexpected charges and to utilize the card effectively.
The absence of annual and joining fees is a significant advantage that the card brings to the table.
Application Process
The Amazon Pay ICICI Bank Credit Card has a streamlined application process that is both accessible and convenient for applicants.
It involves a simple online application form and a set of required documents that must be provided to complete the process.
Here’s how to apply for Amazon Pay ICICI Bank Credit Card:
- Step 1: Visit the ICICI Bank website or Amazon app.
- Step 2: Select the Amazon Pay ICICI Credit Card.
- Step 3: Fill in the required fields on the application form.
- Step 4: Submit the form and wait for verification
Document Requirements
Applicants need to submit several documents for verification purposes. The bank mandates the provision of proof of identity, proof of address, and proof of income among others.
Mandatory Documents Include:
- Proof of Identity: PAN Card, Aadhar Card, Voter ID, etc.
- Proof of Address: Utility bills, Aadhar Card, Passport, etc.
- Proof of Income: Latest payslips, Income Tax Returns, or Form 16.
These documents can be uploaded digitally, and in some cases, a follow-up with a physical verification may ensue.
Note: The bank reserves the right to request additional documents or information as deemed necessary.
Comparison to Other Credit Cards
The Amazon Pay ICICI Bank Credit Card offers unique benefits and rewards that can be compared with other credit cards to help consumers make an informed decision.
Comparison With Other ICICI Bank Cards
The Amazon Pay ICICI Bank Credit Card stands out among ICICI’s offerings for its reward structure, which is focused on Amazon purchases. For example:
 Amazon Pay Card |
 Platinum Chip Card |
 Coral Credit Card |
|
|---|---|---|---|
| Annual Fees | NIL | NIL | ₹ 500 + GST |
| Welcome Offer | ₹ 2000 Cashback | No | No |
| Airport Lounge Access | No Airport lounge access | No Airport lounge access | 4 Airport & Railway lounge access |
| Reward | Upto 5% Cashback | Upto 2 reward points on every Rs.100 | 1 reward point on every Rs.100 |
| Reward Value | 1RP = ₹1 | 1RP = Upto ₹0.25 | 1RP = Upto ₹0.25 |
| Reward Multiplier | No | No | No |
| CG Ratings | 4.0/5 | 3.2/5 | 3.5/5 |
| Our Review | ICICI Platinum Chip Card Review | ICICI Coral Credit Card Review |
Market Comparison
When contrasting with other market options, the Amazon Pay ICICI Bank Credit Card often tops the charts in terms of cash back on Amazon:
|
Amazon Pay Card |
 Flipkart Credit Card |
 SImply Click Card |
|
|---|---|---|---|
| Annual Fees | NIL | ₹ 500 + GST | ₹ 500 + GST |
| Welcome Offer | ₹ 2000 Cashback | ₹ 600 (Voucher + Discount) | ₹ 500 Amazon gift card |
| Airport Lounge Access | No Airport lounge access | 4 Airport lounge access | No Airport lounge access |
| Reward | Upto 5% Cashback | Upto 5% Cashback | Upto 10X reward point on every Rs.100 |
| Reward Value | 1RP = ₹1 | 1RP = Upto ₹0.25 | 1RP = Upto ₹0.25 |
| Reward Multiplier | No | No | No |
| CG Ratings | 4.0/5 | 4.1/5 | 3.8/5 |
| Our Review | Flipkart Axis Bank Credit Card Review | SBI Simply Click Credit Card Review |
The above comparisons are specific to the context of rewards and may differ based on other features such as annual fees, interest rates, and additional privileges.
Conclusion
The Amazon Pay ICICI Bank Credit Card has established itself as a valuable addition for individuals who frequently shop on Amazon. Its rewards structure is straightforward and beneficial to users.
Cardholders receive:
- 5% cashback on Amazon for Prime members
- 3% cashback on Amazon for non-Prime members
- 2% cashback at partner merchants
- 1% cashback on all other transactions
There are no joining or annual fees, which enhances its appeal among cost-conscious consumers.
Additionally, the ease of converting cashback to Amazon Pay balance is particularly convenient, allowing for immediate use on subsequent purchases on Amazon.
In terms of downsides, the card’s rewards are primarily optimized for Amazon ecosystem, making it less valuable for those who do not frequently use Amazon services.
Furthermore, cashback earned with Amazon Pay ICICI Bank Credit Card is not directly redeemable as cash but can only be used within the Amazon ecosystem.
Prospective cardholders should consider their shopping habits and where they make the majority of their purchases when deciding if this card aligns with their financial needs.
Given its benefits, this card is an attractive option for Amazon loyalists while others may find it less beneficial.
Its overall value is determined by the user’s individual spending pattern and affinity for Amazon services.
FAQ
What is the value of 1 reward point in Amazon Pay ICICI credit card?
The value of a 1 reward point for the Amazon Pay ICICI Bank credit card is 1 rupee.
How Many Reward Points On Amazon Pay ICICI credit card on No Cost EMI?
When a customer chooses to make a purchase using the No Cost EMI option with the Amazon Pay ICICI Bank credit card, they do not earn any reward points.
Is Amazon Pay ICICI Bank Credit Card Worth It?
The Amazon Pay ICICI Bank credit card can be a beneficial tool for individuals who frequently shop on Amazon or use Amazon Pay services, appreciating its reward structure and zero annual fees. It is less advantageous for those who don’t regularly use Amazon’s ecosystem.
Is Amazon Pay ICICI Credit Card Lifetime Free?
The Amazon Pay ICICI Bank Credit Card does indeed a lifetime free credit card. There is no joining fee and no annual charges.
What Is The Annual Fee For Amazon Pay ICICI Credit Card?
The Amazon Pay ICICI Bank Credit Card offers customers no joining fee and no annual fee. The card provides an attractive option for users who wish to avoid additional charges typically associated with credit card ownership.
Is Amazon Pay ICICI Credit Card Only for Prime Members?
Amazon Pay ICICI Bank Credit Card is not exclusively available to Amazon Prime members. It can be availed by non-Prime members as well. However, Prime members do enjoy certain additional benefits that are not extended to non-Prime cardholders.
Does Amazon Pay ICICI Credit Card Have Lounge Access?
Amazon Pay ICICI Bank Credit Card does not offer lounge access. This credit card is primarily focused on cashback and rewards for Amazon users, and while it comes with various benefits, complimentary airport lounge access is not one of them. Cardholders looking for this particular feature may consider exploring other credit card options that provide travel-centric benefits, including lounge access.
Also Read: Amazon Pay ICICI Credit Card Lounge Access: You Must Know
