The ICICI Amazon Pay Credit Card is a popular choice among shoppers who frequently shop on Amazon or want to enjoy exciting cashback and rewards. This credit card, issued by ICICI Bank in collaboration with Amazon, provides users with a variety of benefits that make online shopping more rewarding. If you’re considering applying for this card, here’s what you can expect from it in terms of features, benefits, fees, and more.
Key Features of the ICICI Amazon Pay Credit Card
Before diving into the specific benefits, let’s take a look at some of the key features that make the ICICI Amazon Pay Credit Card stand out:
- No Annual Fee: One of the standout features of this card is that it does not charge any annual fee. This is great news for users who want to make the most out of their card without worrying about high yearly costs.
- Link to Amazon Pay: The card is directly linked to your Amazon Pay account, allowing you to use the rewards for future purchases on Amazon. It’s a convenient way to get discounts or even make full payments on your Amazon orders.
- Online and Offline Usage: While this card is especially rewarding for Amazon shoppers, you can also use it for offline purchases at any retail outlet that accepts Visa cards.
- Visa Contactless Technology: The card supports contactless payments, which means you can easily tap and pay without needing to insert or swipe your card for small transactions.
Also Read: Credit Cards Vs Debit Cards: Which is Better for Everyday Use?
Rewards and Cashback
The main attraction of the ICICI Amazon Pay Credit Card is its rewards program. This is where the card truly shines:
- 5% Cashback on Amazon Purchases: As an Amazon shopper, you’ll earn a flat 5% cashback on your Amazon purchases. This is a great deal if you make frequent purchases on the platform.
- 3% Cashback on Amazon Pay Transactions: You’ll also get 3% cashback when using Amazon Pay for transactions like mobile recharges, utility bill payments, and more. This feature gives you the chance to earn rewards on a variety of everyday expenses.
- 1% Cashback on All Other Purchases: For all other purchases, whether online or offline, you can earn 1% cashback. While this may not be as high as the Amazon-specific rewards, it’s still a great way to accumulate cashback on daily expenses.
How to Redeem Your Rewards
The rewards you earn from the ICICI Amazon Pay Credit Card are credited to your Amazon Pay balance. Once the rewards are added, you can use them in various ways:
- Apply on Amazon Purchases: You can directly use the rewards to pay for your Amazon purchases.
- Convert to Amazon Pay Balance: If you prefer, you can convert your cashback into Amazon Pay balance and use it for bill payments, recharges, and more.
This flexibility makes the rewards program even more attractive as you can redeem the points not just for shopping, but for other online transactions as well.
Additional Benefits
Aside from the reward points, the ICICI Amazon Pay Credit Card offers several additional perks that can make your experience even more enjoyable:
- Interest-Free Credit Period: You get up to 50 days of interest-free credit on your purchases, which is common for most credit cards. This gives you time to pay off your balance without incurring interest charges.
- Discounts on Amazon Prime Membership: Amazon Prime members get even more benefits with the ICICI Amazon Pay Credit Card. You can avail of discounts on Amazon Prime membership renewals, making it more affordable to enjoy benefits like free shipping, Prime Video, and more.
- EMI Facility: If you prefer to split your purchases into manageable payments, the card offers an easy EMI option for purchases above a certain amount. This can be useful for large purchases, allowing you to pay over time.
Fees and Charges
While the ICICI Amazon Pay Credit Card is an attractive option for many users, it’s important to be aware of the fees and charges associated with it. These include:
- Late Payment Fee: If you fail to make your payment by the due date, you may incur a late fee depending on your outstanding balance.
- Cash Withdrawal Fee: Withdrawing cash using your credit card will attract a fee, so it’s best to avoid this unless absolutely necessary.
- Foreign Transaction Fee: If you use your card for purchases outside India, a foreign transaction fee will apply.
It’s always a good idea to review these fees before applying for the card so you can avoid any unexpected charges.
Eligibility Criteria
To apply for the ICICI Amazon Pay Credit Card, you need to meet the following basic eligibility criteria:
- Age: You must be between 18 to 60 years old.
- Income: You need a minimum income level (either salaried or self-employed) as specified by ICICI Bank.
- Credit Score: A good credit score (typically above 750) is required to increase your chances of approval.
Is ICICI Amazon Pay Credit Card Right for You?
The ICICI Amazon Pay Credit Card is perfect for frequent Amazon shoppers who want to maximize their rewards. With the ability to earn significant cashback on Amazon purchases and use the rewards for future transactions, it is an attractive option for those who already shop on the platform. However, if you don’t shop on Amazon often, you may not get the full value of the rewards and cashback, so it’s important to evaluate your shopping habits before applying.
Conclusion
In summary, the ICICI Amazon Pay Credit Card offers excellent rewards for Amazon shoppers, with the added bonus of cashback on a wide range of purchases. With no annual fee and rewards that can be redeemed for future Amazon purchases, it’s a convenient and rewarding option for those who regularly shop online. If you’re someone who enjoys the benefits of Amazon Pay and shopping on Amazon, this card could be a great addition to your wallet.