Amazon ICICI Pay Credit Card

About Amazon ICICI Pay Credit Card

Are you spending thousands of rupees on Amazon every month but seeing zero returns? If you shop on Amazon regularly, you are likely leaving thousands of rupees on the table by not using the Amazon ICICI Pay Credit Card.

This card is a financial powerhouse for online shoppers, offering a straightforward 5% cashback for Prime members on every Amazon purchase. Imagine saving ₹6,000 every year just by spending ₹10,000 a month on your usual electronics, clothes, or household essentials. There are no complicated point systems or redemption fees. Your savings go straight back into your Amazon Pay balance as hard cash.

Designed for professionals and self-employed individuals earning as little as ₹2.4 lakh annually, this card is one of the most accessible premium-reward cards in India. It removes the stress of monthly fees because it is life-time free, meaning you never pay a joining or annual charge.

What sets it apart:

• Life-Time Free: Unlike many competitors that charge ₹500 to ₹1,000 annually, this card costs you ₹0 forever.
• High Reward Value: 1 Reward Point equals ₹1, making it one of the simplest reward structures in the market.
• Low Forex Markup: At 1.99%, it beats the industry average of 3.5%, making it a smart choice for international online shopping.

Quick check: To qualify for this card, you should be between 21 and 65 years old with a credit score (CRIF) of 725 or above. Salaried individuals need an annual income of at least ₹2.4 lakh, while self-employed applicants need ₹3.6 lakh.

Let's break down why this card stands out and how you can maximize its benefits:

Key Benefits and Features of the Amazon ICICI Pay Credit Card

The Amazon ICICI Pay Credit Card is built around the concept of "real value." Since every point you earn is worth a full rupee, calculating your savings is simple. Here are the core features that make this card a must-have for your wallet:

Unmatched Rewards on Amazon.in

The primary reason to get this card is the accelerated cashback on India’s largest e-commerce platform. The reward rate depends on your Prime membership status:

• Prime Members: You earn a massive 5% reward on almost everything you buy on Amazon.in. If you buy a laptop for ₹60,000, you get ₹3,000 back immediately.
• Non-Prime Members: You still earn a respectable 3% reward on Amazon.in purchases. This is still higher than the 1% to 2% base rate offered by most other entry-level cards.
• Flights and Hotels: When you book your travel through Amazon, you earn higher reward points. This makes it a great secondary travel card for domestic trips.

2% Rewards on Amazon Pay Partners

The benefits extend beyond the Amazon website. When you use Amazon Pay to check out on partner apps (like Swiggy, Zomato, or Uber), you earn 2% cashback. This is an excellent way to save on daily food delivery and commutes. Note that this excludes payments for rent, taxes, and education.

Unlimited 1% Rewards Everywhere Else

For all other eligible transactions, such as dining out, shopping at a local mall, or paying for various services, you earn an unlimited 1% reward. There is no upper limit on how many points you can accumulate in a month, which is a significant advantage over cards that cap your monthly earnings.

Low Foreign Exchange Markup

Most credit cards in India charge a 3.5% fee when you spend in a foreign currency. The Amazon ICICI Pay Credit Card charges only 1.99%. This makes it a great tool for paying for international software subscriptions, gaming, or shopping on global websites, as it saves you about 1.5% on every transaction compared to standard cards.

Fuel Surcharge Waiver

While fuel purchases do not earn reward points, you do get a 1% fuel surcharge waiver on all your fuel spends at any petrol pump in India. This ensures you aren't paying extra fees just to fill up your tank.

Zero Fees and Easy Eligibility

One of the biggest benefits is the cost of ownership, which is exactly zero. There is no joining fee and no annual fee, regardless of how much you spend. This makes it a "safe" card to keep in your wallet even if you don't use it every day. To get started, you just need a steady income (₹20,000 per month for salaried) and a solid credit history (CRIF 725+).

How to Apply for the Amazon ICICI Pay Credit Card

The application process is digital and takes just a few minutes if you are already an Amazon user. Follow these steps to apply:

1. Visit the Amazon App: Open your Amazon India app and search for "Amazon Pay Credit Card" or find it under the Amazon Pay section.
2. Check Your Eligibility: The app will pre-screen you. Ensure you meet the minimum age of 21 and have your income details ready. Remember, salaried individuals need ₹2.4 LPA and self-employed need ₹3.6 LPA.
3. Fill the Application: Enter your PAN card details, Aadhaar number, and employment information. Make sure your CRIF score is at least 725 to increase your chances of approval.
4. Complete Video KYC: If eligible, you will be asked to complete a video KYC. Keep your original PAN card and a blank paper with a pen ready for a signature check.
5. Wait for Verification: ICICI Bank will verify your documents and credit history. They may contact you for additional information if needed.
6. Receive Your Card: Once approved, a digital version of your card is generated within 24-48 hours, and the physical card reaches your address within 7-10 business days.

Credit Limit: What to Expect

Credit limits are assigned based on your income, credit score, and existing relationship with ICICI Bank. Most users receive a credit limit ranging from ₹50,000 to ₹5,00,000 depending on their income and credit profile.

Applicants with a high income and a CRIF score above 750 secure generous starting limits, often exceeding ₹2,00,000. ICICI Bank reviews accounts every 6 to 12 months, and you will receive an offer for a limit increase if you pay your bills on time and keep your credit utilization low.

Comparison with Competitor Cards

Before committing, it is vital to see how the Amazon ICICI Pay Credit Card stacks up against other popular cashback cards in India.

While the SBI Cashback card offers 5% on a wider range of online merchants, it comes with a ₹999 annual fee. The Amazon ICICI Pay Card is the clear winner for anyone who wants high rewards without any fixed annual costs. It is especially powerful if you already pay for Amazon Prime, as the rewards effectively pay for your membership and then some.

Documents Required for Amazon ICICI Pay Credit Card Application

You'll need to submit the following documents when applying, though many users can complete the process with just Aadhaar and PAN if they are already ICICI customers:

For Salaried Applicants

• Identity Proof: PAN Card (mandatory), Aadhaar Card, Passport, or Voter ID
• Address Proof: Aadhaar Card, Utility Bills (not older than 2 months), or Rent Agreement
• Income Proof: Latest 3 months' salary slips and 6 months' bank statements
• Employment Proof: Office ID card or employment letter

For Self-Employed Applicants

• Identity Proof: PAN Card (mandatory), Aadhaar Card, Passport, or Voter ID
• Address Proof: Aadhaar Card, Passport, or Property Documents
• Income Proof: Latest 2 years' ITR (Income Tax Returns) with computation of income
• Business Proof: Business registration certificate or GST registration

Note: Most applications are now processed via Video KYC, which requires your physical PAN card for verification during the video call.

Who Should Get This Card?

Should you get this card? Here is who benefits the most from it:

The Amazon Super-User: You are someone who orders everything from groceries to electronics on Amazon. If you spend ₹20,000 monthly on the platform, you could earn ₹1,000 every single month in cashback. That is ₹12,000 a year, which is more than enough to cover your Prime membership and several free shopping trips.

The First-Time Card Holder: You are a young professional earning ₹25,000 to ₹30,000 a month and want your first "real" credit card. Since it is life-time free, there is no risk of being stuck with a bill if you don't use it. It is a great tool to build your credit score while getting rewarded for your regular spending.

The International Online Shopper: You subscribe to international services or buy products from foreign websites. The 1.99% forex markup makes this one of the most affordable ways to pay in foreign currency, saving you significantly over the long term compared to other standard cards.

You might want to skip this card if:

• You rarely shop on Amazon and prefer Flipkart or offline stores.
• You are looking for travel perks like complimentary airport lounge access, which this card does not provide.
• You want a card that offers high rewards on fuel or jewelry, as these are excluded from the rewards program.

BankKaro Expert Review

Based on the card's features, the Amazon ICICI Pay Credit Card excels at providing consistent, predictable value. In a market full of complicated reward points that expire or are hard to redeem, this card's "1 point = 1 rupee" system is refreshing and honest. The fact that it is life-time free makes it a "no-brainer" for almost anyone with a CRIF score of 725 or higher.

However, the biggest limitation is its reliance on the Amazon ecosystem. If you aren't a Prime member, the 3% reward rate is good but not ground-breaking. Also, the lack of lifestyle benefits like movie tickets or airport lounge access means this card shouldn't be your only card if you travel frequently.

Our verdict: Choose this card if you shop on Amazon even once a month. It is a zero-cost asset that pays you back for spending money you were going to spend anyway. It is arguably the best entry-level credit card in India for the digital-first consumer.

Terms and Conditions

ICICI Bank enforces specific guidelines regarding reward accumulation and card usage. Key exclusions to keep in mind include:

• No reward points are earned on gold purchases (physical or digital).
• Transactions converted into EMI do not earn reward points.
• Payments for rent, taxes, and education are excluded from the 2% and 1% reward categories.
• Cashback is automatically credited to your Amazon Pay balance at the end of every billing cycle.