Amazon Pay ICICI Bank Credit Card: The Coolest Credit Card in Town!
Co-branded credit cards are nothing new, they’ve been around for years now. But, the Amazon Pay ICICI Bank Credit Card surely stands out. Why, you ask? Well, firstly, this flagship card holds the record of having been the fastest co-branded credit card to have crossed the two million customer milestone.
Introduced in 2018, the Amazon Pay ICICI Bank Credit Card was also the fastest co-branded credit card to have surpassed the one million customer mark in October of last year. After this rapid growth, it beat its own record in just nine months! About 80% of the card’s patrons apply 100% online, without any physical intervention.
Growing lifestyle aspirations, rising demand for credit coupled with accessibility, ease of use and attractive rewards can be attributed to the growth of this card. Here are some of the key features of the Amazon Pay ICICI Bank Credit Card:
- No annual or joining fees
- No limits on earnings
- No expiry date on cashback earnings
- No fees on redemption and no minimum redemption amount
You can apply for this card online with the help of a video KYC or an in-person KYC. The Amazon Pay ICICI Bank Credit Card became one of the very first cards in India to employ a video KYC to validate the customer’s identity.
Here’s how you can complete your Amazon Pay ICICI Bank Credit Card KYC verification process:
- Video KYC: Provide your PAN and Aadhaar Card details, this will be followed by a video verification by an ICICI Bank officer. Make sure to carry a plain white paper and pen with you as you’ll need to provide a signature. Accept the video call request from the officer and produce your original PAN card copy, you’ll also be required to answer a few questions. This facility is available round the clock on all days.
- In-person KYC: Once you’ve submitted your application, you can book the appointment for an in-person KYC verification. Your Aadhaar number is essential for an in-person KYC as it will require biometric authentication.
It generally takes about 7 days for your application to be processed once you’ve completed your KYC. You’ll receive intimation via SMS or email once your application has been approved. At times, your application can also be approved immediately. If this is the case, then a digital copy of your credit card will be issued immediately. You can start using your card for online transactions after enabling it for the same. In case your application is rejected, no worries! You can apply again in six months.
This lifetime free card is best suited for avid shoppers as it offers a number of credit card benefits. There are no annual or joining fees. But, this is an invitation-only credit card, meaning you’ll need an invitation from Amazon to get this card. You can get this card through the Amazon website, but not the ICICI bank website. Additionally, you don’t need to be an ICICI bank customer or an Amazon Prime member to get this card. However, being an Amazon Prime member or having an ICICI Bank Credit Card certainly helps!
In case you already have an active ICICI Bank Credit Card, your Amazon Pay ICICI Bank Credit Card application may get approved in as little as 30 minutes! Be informed that you will continue to have ownership over your older ICICI credit card once your application is approved.
If you’re a Prime member, you’ll get 5% cashback on all Amazon spends. If you’re not, you’ll get 3% cashback on all Amazon spends.
What’s more, you’ll also get 2% cashback on Amazon Pay merchant spends and 1% cashback on all other transactions. Leading brands like Yatra, Faasos, Byju’s, FreshMenu, Lavie BookMyShow and Urban Ladder are Amazon Pay merchant partners. Other credit card benefits include No Cost EMIs on purchases of ₹3,000 or more, 1% waiver on fuel surcharge and 15% savings on dining bills!
Cashbacks are provided in the form of Amazon Pay Gift Cards that are redeemable into Amazon Pay balance. You can use this balance to make purchases on Amazon as well as other partner websites and apps. However, you will not be able to use this balance to make purchases on Amazon marketplace or Amazon Pay Gift Cards.
Your cashback earnings will be credited to your Amazon Pay account automatically within 2 days of completion of the billing cycle.
Here’s a table showing the reward system offered by the Amazon Pay ICICI Bank Credit Card for both Prime members and those who are not:
|Type of Purchase||Prime Members||Non-members|
|Purchases made on Amazon.in (does not include the purchase of digital and physical gold, EMI transactions, Amazon business transactions)||5%||3%|
|Digitally fulfilled purchases (purchase of Amazon Pay gift card, ebooks and such)||2%||2%|
|Amazon Pay partner merchants transactions||2%||2%|
|Transactions that are not Amazon-related||1%||1%|
|Amazon Prime subscription||5%||–|
No matter how generous a reward system is, there will always be certain exclusions. Such is the case with the Amazon Pay ICICI Bank Credit Card as well, here are some of them:
- EMI transactions made through the card or purchases that have been converted to EMI post facto
- Transactions made on Amazon Business
- Purchase or digital and physical gold
- Surcharge waiver on fuel transactions
- Purchases made on Amazon marketplaces outside of India will be eligible for 1% cashback
Overall, the Amazon Pay ICICI Bank Credit Card is a great option for anyone that wants to make the most of their purchases, both online and offline. Applying for this card is very easy and can be done from the comfort of your home. More importantly, you can get up to 5% cashback with this card and who doesn’t love cashbacks?