In 2018, Amazon partnered with ICICI Bank for a co-branded credit card and launched its Amazon Pay ICICI Bank Credit Card for the people who love to shop on Amazon. In this Amazon Pay ICICI Credit Card review, I will tell you how this card has changed the ICICI bank card market.
Even after 6 years of its launch this ICICI Amazon credit card is still one of the best credit card out there in the market for beginner and regular Amazon shoppers. The other cards in the competition have been devalued a lot while Amazon Pay ICICI credit card is still not devalued.
Amazon Pay ICICI credit card is one such card that is easy to understand its reward structure and also comes with no joining & no annual fee. That’s why it is very popular for the first-time credit card user to get this Amazon credit card.
Amazon Pay ICICI Credit Card Overview
Amazon ICICI credit card is entry-level card but still, it has captured more than 4 Million customers till June 2023. This card market share holds around 30% of the whole ICICI credit card. So you can think how this Amazon Pay ICICI credit card is successful.
It comes with a simple reward structure with no confusion based on Amazon prime customers and Non-prime customers. You can get up to 5% reward on this card which will be added to your Amazon account as an Amazon pay balance every month just after the statement generation.
Fees and Eligibility for Amazon ICICI Credit Card:
- Eligibility – You can apply for this card from the Amazon app or website. If you are eligible then you will see the banner for applying online here https://amzn.to/47ulxq9
- Joining fees and annual fees: Free for life
Rewards and Benefits:
- Unlimited Earning with No expiry
- The joining bonus varied between 500-750 cashback in the form of an Amazon Pay balance. This offer varies over time.
- Reward Points:
- Accelerated Reward Rate: Upto 5 reward points on every INR 100 spent on Amazon.in shopping (5% reward rate for Prime members and 3% for Non-prime members).
- Standard Reward Rate: Earn 1 reward point on every INR 100 spent. 1 reward point = INR 1 (1% reward rate).
- 2% reward rate on recharge and bill payments at Amazon.
- 2% reward rate for pay with Amazon Pay as a payment gateway on other merchants.
- No reward points on gold purchases and EMI transactions on Amazon.in
- Fuel surcharge waiver of 1% is applicable.
- Lounge Access: Not available on this card
- All the reward points will get credited as an Amazon pay balance in your Amazon account.
| Item | Reward rate for Prime users | Reward rate for Non-Prime users |
| Purchases made on Amazon.in (excluding purchase of physical and digital gold, transactions made through the card on EMIs, purchases convened to EMI post facto, Amazon Business transactions made on amazon.in/business) | 5% | 3% |
| Payments made towards booking of flights and hotels onAmazon.in | 5% | 3% |
| Recharge, Bill Payments & Add money on Amazon.in | 2% | 2% |
| On Amazon.in – for purchase of Amazon Pay Gift Cards and/or payments made towards purchase of e-books | 2% | 2% |
| Payments made to Amazon Pay partner merchants made using this card from Amazon Pay wallet as payment method | 2% | 2% |
| All other merchant spends outside Amazon.in (excluding EMI transactions, purchases convened to EMI facto, fuel spends | 1% | 1% |
| International Spends | 1% | 1% |
Why should we choose Amazon ICICI Credit card?
Being an entry-level credit card, its reward rate of upto 5% makes it really good for prime and non-prime users. If you are one who spends mostly on Amazon in the form of general purchases, grocery purchases, recharge and bill payments, flights, hotels, etc then it’s a really worth having this card also don’t forget to join Prime membership which will give you additional 2% reward than other Amazon customers. Also, this card comes with no joining or annual fee so no harm in keeping this card with you even your overall spending is much less on Amazon. You can pay your electricity bills, gas & water bills, mobile recharges on Amazon to get the flat 2% reward cashback.
Sometimes this card can help you to save more on big purchases even when any bank offers running like 10% discount. For example, if you are going to buy any Laptop worth Rs.1 Lakh and you are a prime member thenn you can get 5% – Rs.5000 as a reward while using 10% discount offer hardly will give you Rs.1500-2000 savings. As usual, a bank offer gives this much of a discount.
So definitely you should consider this card in your wallet.
Amazon Pay ICICI Credit Card Pros and Cons
| Pros | Cons |
| No Limits on earning, No expiry of reward points | No lounge benefits, No entertainment benefits |
| It’s a great card for Amazon loyalist who fulfill their online shopping via Amazon. | If you shop more on Flipkart then this card is not very useful, Instead, use the Flipkart Axis card. |
| Save 15% on over 2,500 restaurants in India with the Culinary Treats Program of ICICI Bank | The high reward rate of 5% is only for Prime members of Amazon. Other users will only get 3% reward. |
| Additional offer on various categories for Prime members with ICICI Amazon credit card | Interest rate is high 42% – 45.6% per annun, Forex charge 3.5% + GST |
Amazon Pay ICICI Credit Card Review: Conclusion
Cardsbanking recommends you to get this card as there is probably not a better card option for those who shop frequently on Amazon and if you are the one who shops frequently on Flipkart then the Flipkart Axis Bank card, and for recharge and bills Axis Ace is there. ICICI Amazon credit card with upto 5% regards cashback, no joining/ annual fee, and many exclusive deals and offers for this card on various other merchants, it can be considered as one the best entry-level rewards or cashback cards in India. Another lucrative part of this card is that all reward point earnings get credited in the form of an Amazon pay balance the same month just after the bill generation and have unlimited validity.Â
However, if your spending are more into travel categories then, this card might not fit your needs as it doesn’t offer any travel benefits like air miles or lounge access at domestic or international airports. This was the Amazon Pay ICICI Credit Card review from us.
If you are using an Amazon Pay ICICI Credit card then please do let us know your experience in the comments section below.
