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 CardAnnual FeeReward Benefits
ICICI Bank Rubyx Credit CardRs. 5002 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 CardRs. 2,0002 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 CardRs. 3,5001 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 CardNil2 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 CardNil2 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.

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 Bank Credit Card

Frequently Asked Questions

You can avail of various offers in different ways. Some offers may require a coupon code, while others may be applicable simply by using your ICICI credit card. Make sure to check the steps along with the terms and conditions to avail an offer.

The offers are typically applicable to all ICICI credit cards and are available for a limited period only. Therefore, it's advisable to choose a card based on its features and benefits rather than solely relying on limited-period deals.