ICICI Bank Credit Card Rewards Program

ICICI Bank introduced a new ICICI Rewards Program starting from 1st April 2022, where cardholders can earn ICICI reward points based on their credit card usage. In addition to reward points, ICICI Bank Credit Card holders can also earn Air Miles and My Cash with select credit cards. The following details highlight the various rewards available through the ICICI Bank Credit Card program.

Top ICICI Credit Cards for Reward Points

The rewards you earn with ICICI credit cards depend on the card type and your spending habits. With the right card, you can earn PAYBACK points or reward points on nearly all purchases. Below are some of the top ICICI credit cards and their reward benefits:

Credit Card Annual Fee Reward Benefits
ICICI Bank Rubyx Credit Card Rs. 500 2 reward points on every Rs. 100 domestic spend (except fuel)4 reward points on every Rs. 100 international spend1 reward point on every Rs. 100 spent on utilities and insurance
ICICI Bank Coral Credit Card Rs. 2,000 2 PAYBACK points on every Rs. 100 spent (except fuel)1 PAYBACK point on every Rs. 100 spent on utilities and insurance
MakeMyTrip ICICI Bank Platinum Credit Card Rs. 3,500 1 My Cash per Rs. 200 domestic spend, 1.25 My Cash per Rs. 200 international spend outside MakeMyTrip2 My Cash per Rs. 200 spent on flight bookings on MakeMyTrip3 My Cash per Rs. 200 spent on hotel/holiday bookings on MakeMyTrip
ICICI Bank Sapphiro Credit Card Nil 2 reward points on every Rs. 100 domestic spend (except fuel)4 reward points on every Rs. 100 international spend1 reward point on every Rs. 100 spent on utilities and insurance
ICICI Platinum Chip Credit Card Nil 2 reward points per Rs. 100 retail spend (except fuel)1 reward point per Rs. 100 spent on utilities and insurance

Choose the right ICICI credit card to maximize your rewards based on your spending preferences.

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ICICI Credit Card Reward Points - Terms & Conditions

ICICI Bank introduced a new ICICI Rewards Program effective from April 1, 2022, which replaced the previous PAYBACK points system. Now, cardholders earn ICICI reward points that can be redeemed from the bank’s reward catalogue. Points can be exchanged for vouchers, offers, e-gift cards, or even charity donations.

Here are some important terms and conditions related to the ICICI Bank Credit Card Rewards Program:

  • Redemption Requirements: There is no minimum points threshold required for redemption.
  • Validity of Points: ICICI reward points are valid for 3 years from the date of issuance.
  • Hand-Picked Rewards: These rewards do not have an expiry date, provided there are no overdue payments on any of your ICICI accounts.
  • Redemption Handling Fee: A fee of Rs. 99 + GST is charged for redeeming reward points under the ICICI Bank rewards scheme.
  • Co-Branded ICICI Credit Cards: Co-branded cards (e.g., MakeMyTrip ICICI Cards, InterMiles ICICI Cards) offer exclusive rewards such as My Cash or InterMiles, which are redeemable only on the respective co-branded platform.
  • Old PAYBACK Points Program: The PAYBACK points system was replaced in April 2022. Prior accrued PAYBACK points are redeemable until their expiry date (3 years from the date of accrual).
    • A Rs. 99 fee is charged for catalogue-based redemptions, and Rs. 25 is charged for online and in-store redemptions at PAYBACK partner brands.

Be mindful of these conditions to make the most of your reward points under ICICI’s new rewards program.

How to Earn ICICI Credit Card Reward Points

ICICI Bank offers multiple ways to earn reward points on your credit card spend. Here’s how you can quickly and efficiently accumulate ICICI reward points:

  1. Regular Shopping:
    • Earn reward points on everyday purchases, such as groceries, dining, clothing, online shopping, and other retail items.
  2. High-Value Purchases:
    • Make expensive purchases like jewellery, holiday bookings, or travel bookings using your ICICI credit card to accelerate the accumulation of reward points.
  3. Supplementary Cards:
    • Add up to 2 supplementary cards for family members aged 18 or above. This allows you to earn reward points on their purchases as well, sharing the benefits while accumulating points faster.

By strategically using your card for various expenses, you can maximize your reward points and enjoy the benefits of the ICICI Rewards Program.

How to Redeem ICICI Credit Card Reward Points

You can redeem your ICICI credit card reward points either online via internet banking or offline by calling ICICI customer care. Here’s how to go about each option:

Redeem ICICI Credit Card Reward Points Online

  1. Log in to your ICICI internet banking account using your ID and password.
  2. Navigate to the ‘Reward Points’ section on the Credit Cards page.
  3. Click on ‘Redeem Online’.
  4. Select the item you want to redeem your points for from the available options.
  5. Confirm the selection and note down the unique order number for future reference.

Redeem ICICI Credit Card Reward Points Offline

  1. Visit the rewards catalogue on the ICICI website to browse available options.
  2. Call the ICICI customer care number specific to your city.
  3. Share the item code of the reward you wish to redeem.
  4. Confirm the order and note the unique order number for reference.

Both methods allow you to redeem your points for exciting rewards and offers available in the catalogue.

How to Redeem PAYBACK Points

Since the launch of the new ICICI Rewards Program in April 2022, PAYBACK points earned through ICICI credit cards can no longer be redeemed on the ICICI website. Instead, they must be redeemed through the official PAYBACK portal. Here's how to redeem them:

Offline Redemption

  1. Call the PAYBACK Contact Centre at 1860-258-5000.
  2. The service is available between 10:00 AM and 9:00 PM.
  3. Share your reward preference, and the customer care team will assist you in redeeming your points.

Online Redemption

  1. Visit the PAYBACK website.
  2. Browse the PAYBACK Rewards E-catalogue to choose your desired items or e-vouchers.
  3. Log in to your PAYBACK account to redeem the points for your selected rewards.

These methods allow you to make the most of your PAYBACK points on a wide range of rewards.

How to Convert ICICI Reward Points into InterMiles

You can convert your ICICI reward points into InterMiles if you hold a select ICICI credit card. A minimum of 300 ICICI reward points is required for conversion. Here's how to do it:

Steps to Convert ICICI Reward Points into InterMiles

  1. Call ICICI Bank Customer Care at 1800 1080 to initiate the conversion process.
  2. Provide your InterMiles Membership Number to the phone banking officer.
  3. Specify the number of ICICI reward points you wish to convert into InterMiles.

Your InterMiles will be credited to your InterMiles account within 15 working days after the request. Conversion Rate: 300 ICICI reward points = 200 InterMiles.

ICICI Credit Card Rewards Catalogue

Once you've earned sufficient reward points, you can redeem them through ICICI Bank’s Rewards Catalogue. The catalogue offers a variety of options across multiple categories, such as:

  • Fashion and lifestyle
  • Charity donations
  • Electronics
  • Automobiles
  • E-gift vouchers
  • Health and beauty
  • Home and kitchen
  • Food and dining
  • Bags and luggage
  • Books and stationery

To view the full list of available rewards, along with the required points and item codes, you can visit the ‘Rewards at a Glance’ section on ICICI’s official website.

ICICI Credit Cards

ICICI Credit Card Reward Points FAQs

The ICICI Bank Credit Card Rewards Program, launched on April 1, 2022, allows cardholders to earn reward points based on their spending habits. These points can be redeemed for a variety of items, including e-gift cards, vouchers, and even charitable donations. Certain cards also offer Air Miles or My Cash, which can be used on co-branded platforms like MakeMyTrip or InterMiles. The program is designed to reward both regular and high-value spenders, providing flexible redemption options for all users.

Reward points are accumulated based on the type of purchases and the specific ICICI Bank credit card used. For instance, the Coral Credit Card offers 2 PAYBACK points for every ₹100 spent on retail purchases (excluding fuel), while the Sapphiro Credit Card provides 4 reward points for every ₹100 spent internationally. Reward points are valid for three years from the date of issuance and can be redeemed online or offline. Additionally, co-branded cards offer exclusive rewards such as My Cash or InterMiles, tailored to specific platforms.

The ICICI Rewards Program comes with specific terms, such as a three-year validity for reward points and a redemption handling fee of ₹99 + GST. Redemption requires no minimum points threshold, and catalog-based rewards have no expiry if all accounts are in good standing. The PAYBACK points system was replaced in 2022, but prior points remain redeemable through the PAYBACK portal until their expiry date. Understanding these terms ensures that you can maximize the benefits of your reward points without unexpected charges or expirations.

You can earn reward points through various spending categories, including groceries, dining, clothing, and online shopping. High-value purchases such as travel bookings or luxury items accelerate point accumulation. Supplementary cards for family members aged 18 or above also contribute to earning points, making it a collaborative way to boost your rewards. Strategic spending ensures you make the most of the ICICI Rewards Program.

Reward points can be redeemed either online via the ICICI Bank internet banking portal or offline by contacting ICICI customer care. Online redemption involves selecting items from the rewards catalog and confirming the order, while offline redemption requires providing the item code to customer service. Both methods provide a seamless way to exchange points for e-gift cards, products, or charitable contributions.

PAYBACK points earned before April 2022 can no longer be redeemed through ICICI Bank’s website. Instead, they must be redeemed via the PAYBACK portal or by contacting the PAYBACK customer care team. This ensures that older points are still usable despite the transition to the new ICICI Rewards Program. Familiarizing yourself with this process helps avoid confusion and ensures you maximize your remaining PAYBACK points.

ICICI reward points from select credit cards can be converted into InterMiles at a rate of 300 points for 200 InterMiles. To initiate the conversion, contact ICICI customer care, provide your InterMiles Membership Number, and specify the number of points to be converted. The InterMiles will be credited to your account within 15 working days, allowing you to use them for travel-related rewards.

The ICICI Rewards Catalogue offers a wide range of options, including e-gift vouchers, electronics, fashion items, health and beauty products, and more. Each item in the catalogue comes with a specific points requirement, and browsing through the available options ensures you find something aligned with your interests. For a detailed view, you can visit the ‘Rewards at a Glance’ section on ICICI’s official website.

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