A co-branded retail credit card called Amazon Pay ICICI Bank Credit was just introduced on the Visa payment network by ICICI Bank in collaboration with Amazon India. It quickly became one of the nation’s most popular bank cards for internet purchases. It used to be an invitation-only offering, but it’s now available to everyone.
The Amazon ICICI Card pays you with rewards in the format of an Amazon Pay balance, which appears in your Amazon Pay balance, which is why it is so well-liked. This credit card is advantageous for Amazon Prime subscribers because you may receive up to 5% cash back on purchases made on Amazon, which, as you are undoubtedly aware, is the biggest e-commerce site with more than 16 crore products.
In addition to Amazon Pay rewards, this Card provides several other advantages, including a 15% meal bill discount at all eateries taking part in ICICI Bank’s Culinary Treats scheme, as well as a waiver of fuel surcharges at all gas locations in India. Continue reading to learn more about this special co-branded credit card from ICICI Bank and Amazon for shopping online.
Characteristics and Advantages of the ICICI Amazon Pay Credit Card
As was already said, the Amazon Pay ICICI Credit Card is a co-branded, entry-level buying credit card designed with the demands of online customers who adore purchasing from Amazon in mind. Although this Card is co-branded with Amazon and offers a high reward rate for purchases made there, it is a pretty basic credit card and does not come with many additional perks. Here are some of the Card’s benefits.
Welcome Advantages and Benefits
When you first sign up for the Card, you receive a welcome bonus of Rs. 1,500 as an Amazon Pay balance (the welcome benefit keeps altering). As part of the ICICI bank’s Culinary Treats initiative, this Card offers you at least 15% savings on paying bills at all participating restaurants. Presently, the institution is also providing a free 3-month Eazydiner Prime subscription on purchases made with the ICICI Amazon Credit Card that total at least Rs. 25,000 as a limited-time promotion.
Cashback and Fuel Surcharge Waiver
All petrol stations in India receive a 1% fuel fee waiver so long as the transaction doesn’t cost more than Rs 4,000. On the first gasoline purchase of the month, you’ll receive 5% cashback. A minimum order of Rupees 2,000 is necessary to take advantage of the deal, and the monthly cashback threshold is Rs. 150.
Rewards / Cashback from ICICI Credit Cards via Amazon Pay
Unquestionably, if you are a compulsive Amazon shopper and a Prime member, the ICICI Amazon Pay Credit Card is the best option and a necessity. It should go without stating that if you adore Amazon, you have a Premium version. In any case, Amazon Prime subscribers will appreciate these cards’ benefits more.
With some exclusions, Prime members receive 5% cashback on all amazon. in items purchased. The same exclusions apply to Prime and non-Prime users, who will receive 3% cashback on Amazon instead of 5%. Remember that this 5 percent or 3 percent rebate on Amazon only applies to items purchased on Amazon. in. The eligible cashback would be 1% for purchases made to any other Amazon country-specific domain, including amazon.com, the same as for any other online purchases.
You receive a 2% cashback on all book-related purchases, including real books, Kindle e-books, Audible audiobooks, direct debits, mobile/DTH regenerates, air ticket bookings, film or transport ticketing, and adding money to your Amazon Pay Wallet. When you log in using the Amazon payment method, you can receive a two percent reward on items purchased from more than 100 partner shops.
Only when you choose the Register with Amazon alternative on the partner merchant site will you receive the additional 2% cashback; otherwise, you will only receive the standard 1% reward. Shops that are Amazon partner sellers and offer the option to log in using Amazon include Red Bus, Swiggy Cafe Coffee Day, Yatra, etc. Except for payments made at gas stations, all other costs done with the Card—both online and offline—are eligible for 1% cashback.
Redemption of Reward Points or Cashback
After each billing cycle, the Reward Points gained with the Amazon Pay Bank ICICI Card are immediately credited to the Amazon Pay amount of the Amazon accounts linked to the Card. Re = 1 Reward Point. One as a payment mechanism for purchases made through Amazon and the Amazon Pay wallet of all merchants. Use your Amazon Pay balance to purchase items on Amazon or any partner stores offering the payment option.
Charges for ICICI Amazon Pay Credit Cards
Amazon Pay ICICI Credit Card has no annual or monthly fees because it is a lifetime free credit card. Rate of Interest: This Card has an interest rate of between 3.5% and 3.8% per month or between 42% and 45.6% annually. Cash Credit Fee: By using this Card to withdraw money from ATMs, you will be billed a cash credit charge of 2.5 percentage points of the transaction amount, or a minimum of Rs. 500.
Foreign Currency Markup: For foreign exchange transactions made with an ICICI Amazon Pay Credit Card, a markup fee of 3.5% of the entire transaction value is charged. Card restoration charge: For issuing a new bank card in place of a lost or missing credit card, ICICI Bank charges a card replacement fee of Rs. 100.
How to Enroll for an ICICI Bank Card for Amazon Pay
The Amazon Pay card was initially a limited-access option, but it is now available to everyone. Both Amazon and the online site of the ICICI bank accept applications for this Card. Once the KYC validation is completed, the request is processed. The KYC authentication for this Card can be finished in one of two ways:
Video Mode: After providing your PAN card as well as Aadhar credit card details, a representative from ICICI bank will contact you to arrange a video-based authentication. You must respond to a few straightforward questions and provide the bank representative with the earlier version of your PAN card. Offline Mode: A bank representative will contact you at your location to verify your documents once you apply for a credit card and select the autosave feature for KYC verification.
Conclusion
There likely isn’t a good credit card for those who enjoy internet shopping, especially on Amazon, and who have a Premium version, as it gives you up to 5 percent cash rewards on all purchases made from Amazon India. It is one of the outstanding credit cards in India because it is an excellent long-time unrestricted credit card with many unique benefits. This credit card’s reward points are transmitted as money back to your Amazon Pay amount and have unlimited validity, which is another feature that makes it unique and profitable.
