The Amazon Pay ICICI Credit Card is a no-cost cashback credit card specially designed for Amazon Prime members, providing a maximum of 5% cashback. This card is ideal for loyal Amazon.in customers who shop across various categories such as groceries, lifestyle, electronics, and home furnishings. However, users will only receive a flat 1% cashback for other online and offline transactions, which may not be as beneficial for individuals seeking comprehensive cashback rewards. Here is a comprehensive guide to understanding this card.
Amazon Pay ICICI Credit Card
Given Amazon’s diverse range of categories, Amazon Prime members can benefit from 5% unlimited cashback on all Amazon purchases, leading to significant savings for frequent Amazon shoppers. In contrast, non-Prime members receive a 3% cashback rate, which may appear less appealing. Additionally, the card provides 2% cashback on transactions with Amazon Pay partner merchants such as Yatra, BookMyShow, FreshMenu, Faasos, Byju’s, Urban Ladder, expanding into areas like travel, entertainment, and utilities.
WhatsApp Channel Join Button
Earlier mentioned, the 5% cashback is exclusively available to Amazon Prime members. However, the Prime membership is not included with the card except as a three-month activation benefit. To fully benefit, users must purchase the Rs. 1,499 membership. This card is free for life, and Amazon loyalists can maximize benefits with the accompanying Prime perks in shopping and entertainment. While the Amazon Pay ICICI Credit Card was among the first cashback cards in India and gained attention, other cards like Cashback SBI Card and Axis Ace Credit Card offer higher cashback rates in various categories. Additionally, the Flipkart Axis Bank Credit Card competes closely with the Amazon card, providing similar benefits on Flipkart.
Features & Benefits of Amazon Pay ICICI Credit Card
Here are the features and benefits of the Amazon Pay ICICI Credit Card:
No annual or joining fee
Unlimited reward points with no cap
Reward points do not expire
Redeem points at over 100 Amazon Pay partner merchants and Amazon.in
Enjoy interest-free EMIs for three or six months on Amazon.in
Each reward point (1 point = 1 rupee) is converted to cash in Amazon Pay automatically
The reward structure of the card can be summed up as follows:
Cashback at a rate of 3.00% is offered on groceries, flight tickets, mobile phones, and more when using Amazon. A cashback rate of 2.00% is applicable for recharges, bill payments, and adding money on Amazon. For transactions outside Amazon, a 2.00% cashback is available for categories like entertainment, health, and food when utilizing Amazon Pay. Additionally, a 1.00% cashback is provided for non-Amazon transactions using Amazon Pay for expenses such as dining, furniture, groceries, fuel, and gold. Customers are welcomed with rewards worth Rs.1,700 and a complimentary three-month EazyDiner Prime Membership valued at Rs.1,095. Furthermore, there is a cashback of Rs.150 for bill payments on Amazon or first-time shopping, 50% cashback up to Rs.100 on prepaid recharges, and 20% cashback up to Rs.250 on electricity bill payments. Customers can also enjoy cashbacks ranging from 25% to Rs.350 on broadband bill payments, up to Rs.125 starting from 10% on gas cylinder payments, and up to Rs.300 starting from 25% on postpaid bill payments.
Fees & Charges
Type of Fee
Amount
Joining fee
NIL
Annual fee
NIL
Late payment fee
Below Rs. 100: Nil
Between Rs. 100 to Rs. 500: Rs. 100
Between Rs. 501 to Rs. 5,000: Rs. 500
Between Rs. 5,001 to Rs. 10,000: Rs. 750
Between Rs. 10,001 to Rs. 25,000: Rs. 900
Between Rs. 25,001 to Rs. 50,000: Rs. 1,000
Above Rs. 50,000: Rs. 1,200
Amazon Pay ICICI Credit Card Privilege
Dining benefits: Benefit from a discount of at least 15% at participating restaurants in the Culinary Treats program.
Fuel benefits: Receive a waiver on the 1% fuel surcharge at all petrol stations throughout India.
Safety measures: The card is equipped with a microchip to prevent counterfeiting and duplication issues. The Personal Identification Number (PIN) provides extra security. Benefit from the security advantages of 3D Secure during online transactions.
Eligibility Criteri
The eligibility criteria for Amazon Pay ICICI credit card are as follows:
Age
18 to 60 years
Occupation
Offered to both Salaried and Self-employed Applicants
Minimum Income Required
Rs. 25,000 for ICICI Customers, Rs. 35,000 for other applicants
The following documents are required for Amazon Pay ICICI credit card:
Identity proof
Aadhaar card
PAN card
Voter’s ID
Passport
Driving license
Job card issued by NREGA
Overseas Citizen of India Card
Government approved identity proof
UIDAI-issued letter
Address proof
Electricity bill
Water bill
Ration card
Job card issued by NREGA
Registration document of the property
Utility bill not more than three months
Bank Account Statement
Government approved address proof
Income proof
Salary slips (not more than three months old)
Form 16 of latest year
Bank statement of last three months
Pros & Cons
Pros
Decent welcome benefits at Nil joining fee
High cashback rate for Prime members
Multiple associated partners, spends on these earn 2% cashback
Lifetime free with no cap on cashback earning
No hassle of reward point redemption, as cashback is directly credited to the Amazon Pay wallet
Includes everyday spends like wallet reloads, bill payments for cashback earning
Cons
Zero benefits on travel, entertainment or any other category apart from shopping
Not suited for international usage as foreign currency mark-up fee is high (3.5%)
Low cashback rate for non-prime holder
Prime membership offered for just three months
How Does Amazon Pay ICICI Credit Card Works?
Below are the functionalities provided by the Amazon Pay ICICI Credit Card:
Grants a 2.00% cashback for transactions made at over 100 partner merchants
Provides a 3.00% cashback for non-Amazon Prime members on Amazon India
Offers a 1.00% cashback across various categories like travel, dining, insurance payments, shopping, etc.
Allows customers to access the PAYBACK website or app to browse the redemption catalogue automatically.
How to Apply for Amazon Pay ICICI Credit Card?
Here are the steps to apply for Amazon Pay ICICI Credit Card:
At first, this card was exclusively available to chosen customers by invitation. ICICI customers who had been utilizing the Amazon.in mobile app received the invitation via push notification and email from the Amazon app.
Upon meeting the eligibility requirements, the customer can request the card. Initially, the customer will be provided with a digital card ready for use, followed by the dispatch of the physical card through a courier service.
Nevertheless, a person has the option to access the ICICI Bank website and navigate to the Amazon Pay ICICI Credit Bank page located in the ‘Product’ section. By clicking on the ‘Apply Now’ button on this page, the individual will be directed to Amazon.
An individual has the option to open the Amazon.in app on their smartphone or web browser and navigate to the ‘Amazon Pay’ section in the main menu to verify eligibility and apply as needed.
The card will also be made available to other customers in the coming months.
Similar Cards to Amazon Pay ICICI Credit Card
Credit Cards
Features
Fees
Axis Ace Credit Card
On payment made through Google Pay on DTH and mobile recharges, offers unlimited cashback of 5.00%
Rs.499
Cashback SBI Card
Without any merchant restriction across all online transactions, offers 5.00% cashback
Rs.999
HSBC Cashback Credit Card
Cashback on online and other spendings of 1.50% and 1.00%, respectively
Rs.750
Flipkart Axis Bank Credit Card
Cashback up to 5.00%
Rs.500
Standard Chartered Super Value Titanium Credit Card
Offers cashback of 5.00% on payment made on utility bills, phone, and fuel
Rs.750
Differences Between Amazon Pay ICICI Credit Card and Flipkart Axis Bank Credit Card
Amazon Pay ICICI Credit Card
Flipkart Axis Bank Credit Card
No annual fee charged
Annual fee imposed Rs.500
No complimentary lounge access provided
The card offers four complimentary domestic airport lounge access per year
Fuel surcharge waiver of 1.00% offered across all petrol pumps
Fuel surcharge waiver of up to Rs.500 per month
Extra cashback specially for Prime members
Cashback for all users
Universal cashback offered is 1.00%
Universal cashback offered is 1.50%
Transactions on Amazon Pay partner merchants, cashback offered is 2.00%
On Flipkart’s partner brands, cashback offered is 4.00%
