The Amazon Pay ICICI Credit Card is one of the most rewarding credit cards for frequent Amazon shoppers in India. Launched in partnership between Amazon Pay and ICICI Bank, this card offers a host of benefits like 5% cashback on Amazon.in and Amazon Pay transactions, no-cost EMI offers, gift vouchers and more.
In this comprehensive guide, we will cover everything you need to know about the Amazon Pay ICICI Credit Card, including its top features, eligibility, fees, charges, application process, pros, cons and frequently asked questions. Whether you are looking to apply for this card or just researching the best credit cards for using on Amazon.in, read on to find out if this is the right card for you.
Overview of the Amazon Pay ICICI Credit Card
The Amazon Pay ICICI Credit Card is a cobranded credit card launched in 2020 through a partnership between Amazon Pay and ICICI Bank. Here is an overview of its key features:
- 5% cashback – Get 5% cashback on purchases on Amazon.in and paying bills on Amazon Pay. No cap on cashback.
- Welcome benefit – Get gift vouchers worth ₹1,000 on card activation.
- No-cost EMI – Avail no-cost EMI offers on lakhs of products on Amazon.in with tenure of 3 to 12 months.
- Lifetime free card – No joining or annual fees.
- Fuel surcharge waiver – 1% fuel surcharge waiver on fuel transactions between ₹400 to ₹4000.
- Prime membership – Complimentary 1 year Amazon Prime membership on activation.
- Rewards – Earn reward points on other spends. Redeem for gift vouchers, flight tickets, hotel bookings etc.
In addition to these benefits, the card also offers facilities like international usage, personalized offers, add-on cards and more. Read on for a detailed review.
Top 10 Benefits and Features
Here are the top 10 benefits and features that make the Amazon Pay ICICI Credit Card a top choice for frequent Amazon.in shoppers:
1. 5% Cashback on Amazon.in and Amazon Pay
The biggest highlight of this credit card is that it offers a flat 5% cashback on all purchases made on Amazon.in. This cashback is earned instantly and automatically credited to your card account every month.
There is no minimum transaction size, so you earn 5% cashback even on small purchases. Plus, there is no cap on how much cashback you can earn in a billing cycle.
You also get 5% cashback when you use Amazon Pay to pay your electricity, mobile, gas, water and broadband bills, recharge phones and DTH connections, book travel tickets, transfer money and more.
This makes the Amazon Pay ICICI Card the only card in India to offer 5% cashback on both Amazon.in shopping and Amazon Pay bill payments and recharges.
2. 1% Fuel Surcharge Waiver
This card offers a fuel surcharge waiver of 1% on fuel transactions between ₹400 to ₹4000 per month. This helps you save more on rising fuel costs.
3. Welcome Gift Vouchers Worth ₹1000
On your first card transaction, you get Amazon gift vouchers worth ₹1,000. You can use these vouchers for shopping on Amazon.in.
4. Complimentary Amazon Prime Membership
Get 1 year of Amazon Prime membership free when you activate your credit card. The Prime membership gives you access to Prime delivery, Prime Video, Prime Music and other Prime benefits.
5. Lifetime Free Credit Card
The Amazon Pay ICICI Credit Card comes with no joining fee and no annual fee for lifetime. You get all the rewards and benefits without paying anything extra.
6. No Cost EMI on Amazon.in
This card enables you to convert high-value purchases into no-cost EMIs ranging from 3 months to 12 months. Currently, there are lakhs of products eligible for no-cost EMI on Amazon.in with this card.
7. Reward Points on Non-Amazon Purchases
While Amazon spends earn cashback directly, you get accelerated reward points on other categories –
- 5 reward points for every ₹150 on grocery, departmental stores, dining
- 2.5 reward points for every ₹150 on film and entertainment tickets
- 1 reward point for every ₹150 on other spends
You can redeem the reward points for statement credits, Amazon gift cards or vouchers, flight tickets, hotel bookings, merchandise from the reward catalogue and more.
8. Add-on Cards
You can get free add-on cards for your family members so they too can enjoy the benefits. The add-on cards get linked to the primary card account.
9. International Usage
Use your Amazon Pay ICICI Credit Card internationally for shopping or withdrawals via ATMs.
10. Personalized Deals and Offers
From time to time, ICICI offers personalized and exclusive deals on your card for shopping, travel, dining, entertainment, health and more.
Eligibility Criteria for Amazon Pay ICICI Card
Here are the eligibility criteria to apply for this credit card:
- Age – Minimum 21 years at the time of applying
- Income – Minimum gross monthly income should be ₹15,000 in metro cities and ₹12,000 in non-metro cities
- Credit score – Should have a good credit score, ideally above 750
- Existing cardholders – Existing ICICI credit cardholders can also apply for this card as a second credit card from the bank
As long as you meet the eligibility criteria, have a good credit score and repayment track record, your application is likely to be approved.
Fees and Charges
- Joining fee – Nil
- Annual fee – Nil
- Add-on card fee – Nil
- Renewal fee – Nil
- Cash advance fee – 2.5% (minimum ₹500)
- Late payment fee – Up to ₹800 per instance
- Overlimit fee – ₹800 per instance
- Returned cheque/SI fee – ₹500 per returned payment
Apart from this, usual interest charges apply if you do not pay the full card bill by due date. Interest is 3.4% per month (40.8% annualized) from transaction date.
How to Apply for the Amazon Pay ICICI Credit Card
You can apply for this credit card in 4 simple steps:
1. Check eligibility – Verify that you meet the eligibility criteria before applying.
2. Apply online – Visit Amazon.in or the ICICI Bank website to submit the application form online. Provide details like name, contact, PAN, income etc.
3. Submit documents – Upload scanned copies of KYC documents like identity proof, address proof and income documents as requested.
4. Activate card – Once approved, you will receive the credit card within 7 working days. Activate it through SMS, call or netbanking to start using.
That’s it! The entire application process is quick, paperless and online for convenience.
Pros and Cons of Amazon Pay ICICI Credit Card
Here is a summary of the key pros and cons of this credit card:
- 5% cashback on Amazon.in and Amazon Pay
- No joining fee and annual fee
- 1% fuel surcharge waiver
- ₹1000 welcome gift voucher
- 1 year free Amazon Prime membership
- No cost EMI on Amazon.in
- Earn reward points on other spends
- Lifetime free credit card
- Cashback only on Amazon and Amazon Pay (no cashback on offline spends)
- Lower reward rate compared to premium cards on non-Amazon purchases
- Cashback credited after every billing cycle (not instantly)
Overall, the Amazon Pay ICICI Credit Card is an excellent option for all Amazon loyalists due to its high 5% cashback rate and other tailored Amazon benefits. For multi-brand spending, you may get higher rewards with other cards too.
FAQs on the Amazon Pay ICICI Credit Card
Here are answers to some frequently asked questions about this credit card:
Q. What is the credit card limit I can get?
The credit limit is determined based on your eligibility criteria, income documents, credit score and banking history. In general, new applicants may get a limit between ₹25,000 to ₹3 lakhs which can be increased over time.
Q. How is the 5% cashback calculated?
You get 5% cashback on the total value (order amount) of purchases made on Amazon.in and bill payments via Amazon Pay. There is no cap on the cashback amount.
Q. How and when is the cashback credited?
The cashback gets credited to your card account within 3 days after the billing cycle ends. You can redeem it as Amazon Pay balance or get it as statement credit.
Q. Can I pay my credit card bill with Amazon Pay balance?
Yes, you can use your Amazon Pay balance to make payments towards your Amazon Pay ICICI Credit Card.
Q. Do I get additional Prime benefits with this card?
You get all the regular Prime benefits like free delivery, movies, music etc. with the 1 year Prime membership. There are no additional Prime benefits.
Q. Can I get add-on cards for family members?
Yes, you can request for free add-on cards on your account for family members including spouse, parents and kids aged 18 years and above.
Q. What is the minimum income to be eligible?
The minimum gross monthly income is ₹15,000 for metro cities and ₹12,000 for non-metro cities.
Q. How can I apply for EMI on Amazon.in purchases?
No need to apply separately. If the product is eligible for no cost EMI, you will see the EMI option on the product page. Select tenure and add to cart to get EMI at checkout.
So that sums up this detailed guide on how the Amazon Pay ICICI Credit Card works, its top benefits, fees, eligibility and application process. If you do a lot of shopping on Amazon.in, paying bills via Amazon Pay or use Amazon benefits like Prime, then this is one of the best credit cards available in India currently.