Amazon Pay ICICI Bank Credit Card Review

Amazon Pay ICICI Bank Credit Card, issued in partnership with Amazon and Visa, offers a lifetime free credit card with no joining or annual fees, providing cashback rewards on Amazon purchases and other transactions. This card allows users to earn up to 5% cashback for Amazon Prime members and 3% for non-Prime members on Amazon India purchases, with additional rewards for various other spending categories.

Amazon Pay Card Benefits

Amazon Pay ICICI Bank Credit Card offers attractive welcome benefits for new cardholders, with different rewards available for Prime and Non-Prime members. These benefits are designed to incentivize card applications and provide immediate value to new customers.

Welcome Benefits	Prime Members	Non-Prime Members
Total Rewards Value	Rs. 2500	Rs. 2000 + 3-month Amazon Prime membership
Cashback on 1st Amazon transaction	Rs. 300 cashback	Rs. 300 cashback
Amazon Gift Card	Rs. 500	Rs. 500
Amazon Gift Coupons	Rs. 1700	Rs. 1200

To be eligible for these welcome benefits, customers must apply for the card between June 16, 2023, at 3 PM and July 31, 2023, at 11:59 PM. The rewards are provided within 3 working days of the card application being approved by the bank.

It's important to note that the cashback earned through this offer is credited as Amazon Pay balance, while the coupons need to be collected from the Rewards page and used according to their specific eligibility criteria. To receive the cashback, cardholders must make a successful first transaction using the credit card. However, transactions made through the card's EMI option or for fuel, tax payments, and precious metal purchases do not earn reward points or cashback.

This welcome offer enhances the already attractive features of the Amazon Pay ICICI Bank Credit Card, which includes no joining or annual fees, unlimited reward earnings with no expiry date, and the ability to use rewards for purchases from over 10 crore products on Amazon.in and at more than 100 merchant partners

For Prime members

• Welcome offer/rewards worth INR 2,500
• Amazon gift coupon: 100% back up to Rs 200 on Amazon shopping on Non EMI order
• Amazon gift coupon – 50% back up to Rs 50 on prepaid mobile recharge
• Amazon gift coupon – 25% back up to Rs 350 on postpaid bill payment,
• Amazon gift coupon – 20% back up to Rs 100 on electricity bill paid value of INR 500,
• Amazon gift coupon – 25% back up to Rs 300 on DTH bill payment,
• 2 Amazon gift coupon – 10% off up to Rs 250 on gas cylinder payment,
• Amazon gift coupon-25% back up to Rs 500 on Broadband bill payment
• 1 month Eazy Diner membership

For Non-Prime members

• Welcome offer/Rewards worth INR 2,000 + 3 months Prime membership
• Amazon gift coupon: 100% back up to Rs 100 on Amazon shopping on Non EMI order
• Amazon gift coupon – 50% back up to Rs 50 on prepaid mobile recharge,
• Amazon gift coupon – 20% back up to Rs 100 on electricity bill paid value of INR 500,
• Amazon gift coupon – 10% off up to Rs 250 on gas cylinder payment,
• Amazon gift coupon – 10% off up to Rs 150 on gas cylinder payment,
• Amazon gift coupon-25% back up to Rs 500 on Broadband bill payment
• Amazon gift coupon – 25% back up to Rs 150 on DTH bill payment
• Amazon gift coupon – 25% back up to Rs 350 on postpaid bill payment,
• 1 month Eazy Diner membership

Amazon Pay Card Value Chart

Amazon Pay ICICI Bank Credit Card offers varying cashback rates depending on the type of transaction and the cardholder's Amazon Prime membership status. Here's a detailed breakdown of the card's value proposition.

Transaction Type	Prime Members	Non-Prime Members
Amazon.in purchases	5% Cash Back	3% Cash Back
Flights & Hotels Booking On  Amazon.in	5% Cash Back	3% Cash Back
Bill Payments on Amazon.in	2% Cash Back	2% Cash Back
Amazon Pay Partner merchants	2% Cash Back	2% Cash Back
All other payments	1% Cash Back	1% Cash Back
Fuel purchases	1% surcharge waiver	1% surcharge waiver

This credit card provides significant value for Amazon Prime members, offering a high 5% cashback rate on Amazon.in purchases. Non-Prime members still benefit from a competitive 3% cashback on Amazon.in transactions. Both Prime and non-Prime cardholders earn 2% cashback on digital and gift card purchases from Amazon.in, as well as transactions made with Amazon Pay Partner merchants.

For all other payments, including offline transactions, cardholders earn a standard 1% cashback. Additionally, the card offers a 1% surcharge waiver on fuel purchases, providing extra savings at gas stations.

It's important to note that there are no limits on earnings and no expiry date on the rewards accumulated. The cashback is credited to the cardholder's Amazon Pay Balance, which can be used for future purchases on Amazon.in and at over 100 Amazon Pay merchant partners.

This value chart demonstrates the card's strong appeal for frequent Amazon shoppers, especially those with Prime memberships. However, even for non-Prime members and general use, the card offers competitive cashback rates across various spending categories.

Amazon Pay Card Eligibility

The Amazon Pay ICICI Bank Credit Card has specific eligibility criteria that applicants must meet to qualify for the card. Here's a summary of the key requirements:

1. Age Above 18 years
2. Income (ICICI Bank customers) ₹25,000 per month
3. Income (Non-ICICI Bank customers) ₹35,000 per month
4. Employment Status Salaried or Self-employed
5. Residence Must reside in a city where the card is offered
6. Applicants must be either salaried or self-employed individuals.

The minimum age requirement is 18 years, with no specified upper limit. ICICI Bank customers have a lower income threshold of ₹25,000 per month, while non-ICICI Bank customers need to earn at least ₹35,000 per month to be eligible. It's important to note that meeting these criteria does not guarantee approval, as the final decision is subject to the bank's discretion and credit assessment.

Amazon Pay Card Fees & Charges

The Amazon Pay ICICI Bank Credit Card offers a competitive fee structure, with several charges waived to provide value to cardholders. Here's an overview of the key fees and charges associated with this card:

Fee/Charge	Type Amount
Joining Fee	₹0
Annual Fee	₹0 (Lifetime free)
Interest Rate	45.6% p.a.
Cash Advance	Fee ₹500 or 2.5% of the amount withdrawn, whichever is higher
Late Payment Fee	Below ₹100: Nil; Between ₹100-500: ₹100; Between ₹500-1000: ₹400; Above ₹1000: ₹750
Fuel Surcharge	1% waiver on fuel transactions

The card stands out for its no-cost joining and annual fees, making it an attractive option for long-term use. However, cardholders should be aware of the high interest rate of 45.6% p.a. on unpaid balances. It's important to note that while cash advances are possible, they come with a significant fee. To maximize the benefits of this card, users should aim to pay their full balance each month to avoid interest charges and late.

How To Apply Amazon Pay Card

The Amazon Pay ICICI Bank Credit Card can be applied for through two primary methods. Here's a concise overview of the application process:

ICICI Bank Website

1. Visit the official ICICI Bank website
2. Navigate to the Amazon Pay Credit Card section.
3. Fill out the online application form.
4. Submit required documents
5. Complete KYC verification

Amazon Mobile App

1. Open the Amazon app.
2. Go to the Amazon Pay section.
3. Select the option to apply for the credit card.
4. Fill out the application form5. Upload necessary documents.
5. Complete KYC verification

After applying, ICICI Bank will verify the documents and conduct a KYC check, which can be done remotely using a phone or laptop. The application process is designed to be convenient and user-friendly, allowing potential cardholders to apply from the comfort of their homes. It's important to have all required documents ready before starting the application to ensure a smooth process.

Amazon Pay Card Review

The Amazon Pay ICICI Bank Credit Card has received generally positive reviews from users and financial experts alike. Here's a comprehensive review of the card's key features, benefits, and potential drawbacks:

Amazon Pay Card Pros

• Lifetime Free Card: The card comes with no joining or annual fees, making it an attractive long-term option for users.
• High Cashback Rates: Amazon Prime members earn 5% cashback on Amazon.in purchases, while non-Prime members earn 3%. This is one of the highest cashback rates available for online shopping in India.
• Versatile Rewards: Cardholders earn 2% cashback on Amazon Pay partner merchants and 1% on all other transactions, providing value across various spending categories.
• No Reward Limits: There's no cap on the amount of cashback that can be earned, and the rewards have no expiry date.
• Fuel Surcharge Waiver: The card offers a 1% fuel surcharge waiver, providing additional savings at gas stations.
• Dining Benefits: Cardholders enjoy a minimum 15% discount on dining bills at partner restaurants through ICICI Bank's Culinary Treats program.

Amazon Pay Card Cons

• Limited Travel Benefits: The card doesn't offer travel-specific perks like air miles or airport lounge access, which may be a drawback for frequent travelers.
• Invite-Only Application: The card is primarily invite-only, which can make it difficult for some potential users to apply.
• Prime Membership Requirement: To get the full 5% cashback on Amazon purchases, users need to maintain an Amazon Prime membership.
• Limited Offline Benefits: While the card offers good rewards for online shopping, its benefits for offline purchases are relatively modest.

User Experience

Many users report high satisfaction with the card, particularly those who frequently shop on Amazon. The automatic crediting of cashback to the Amazon Pay balance is appreciated for its convenience. However, some users have reported issues with customer service and unexpected charges, particularly for EMI conversions.

Value Proposition

For Amazon Prime members who shop frequently on the platform, this card offers exceptional value. The 5% cashback rate on Amazon purchases is among the highest available in India for e-commerce transactions. Even for non-Prime members, the 3% cashback rate remains competitive.

The card's lifetime free status adds to its appeal, as users can enjoy the benefits without worrying about annual fees. The additional 2% cashback on Amazon Pay partner merchants and 1% on other transactions make it a versatile option for everyday use.

Overall Assessment

The Amazon Pay ICICI Bank Credit Card is an excellent choice for regular Amazon shoppers, especially Prime members. Its high cashback rates, no-fee structure, and versatile rewards program make it a strong contender in the Indian credit card market.

However, those seeking travel benefits or extensive offline rewards might want to consider additional options. The card's rating of 4.7/5 from Select by Finology and 4.5/5 from CardInsider reflects its strong overall value proposition.