Each time you use your ICICI Bank Credit Card to make payments, you earn reward points. These reward points are offered by the bank to encourage you to use your credit card more often. Once you accumulate enough ICICI Bank Credit Card reward points, you can redeem them for exciting gift vouchers, discounts, offers, and gifts.
Depending on the ICICI Bank Credit Card reward point program you’re subscribed to, you may even be eligible to convert your accumulated reward points into InterMiles or JPMiles. You can use these miles to purchase flight tickets to and from your preferred destinations.
Here, we have a compiled list of some of the most popular ICICI Bank credit cards and the rewards offered by them:
ICICI Bank Coral Contactless Card |
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ICICI Platinum Chip Card – Visa |
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Disclaimer: The figures in the above-mentioned table are indicative and subject to change.
** Note - ICICI reward points’ value is in rupees:
ICICI Bank offers three different types of credit card reward programs. Let’s take a closer look at each of these programs.
Effective April 01, 2022, the ICICI Bank rewards program applies to all ICICI Bank credit cards. This program lets you earn reward points on almost all transactions. The accumulated reward points can be redeemed for gifts and discount vouchers once you reach a specific threshold.
The ICICI Bank Hand-Picked rewards program also lets you earn reward points when you use your card to make payments. However, this program applies only to certain select credit cards offered by the bank.
The ICICI Bank PAYBACK program lets you earn PAYBACK points on certain categories of payments. These PAYBACK points can then be used to pay utility bills, recharge your mobile phone number or get gift cards or discount vouchers.
However, it is important to note that the ICICI Bank PAYBACK program was discontinued with effect from April 01, 2022. All cardholders under this program have been automatically transferred to the newer ICICI Bank Rewards program. That said, if you have any accumulated PAYBACK points in your account, you may still redeem them until they expire.
Irrespective of the type of rewards program applicable to you, the best way to earn ICICI Bank Credit Card reward points is to use your card to make payments. The reward points that you earn are credited to your account at the end of every billing cycle.
It is essential to know that with certain payment categories, you may be eligible for accelerated reward point accumulation. These special categories vary from one ICICI Bank Credit Card to another. If you wish to earn reward points quickly, make sure to use your card for transactions that offer accelerated reward points.
Supplementary credit cards also let you earn reward points. You can increase the rate of reward point accumulation by providing your family with supplementary cards linked to your primary credit card account. This way, you will get reward points every time they use their supplementary cards to make payments.
Alternatively, you can also set up automatic utility bill payments on your card or make high-value transactions to earn reward points quickly.
Depending on the type of card you own, the number of ICICI Bank Credit Card reward points that you get to earn on a transaction may vary. Some transactions allow you to earn just one reward point, while other transactions at certain specified partner stores give you multiple reward points.
For instance, let’s say that you own an ICICI Bank Credit Card that offers 1 reward point for every ₹100 spent online and 5X reward points for every ₹100 spent on partner stores. Now, assume that you spend ₹10,000 online and ₹15,000 on partner stores.
You will earn 100 reward points for your online transaction [1 reward point * (₹10,000 ÷ ₹100)] and 750 reward points on the transaction made at the partner store [5 reward points * (₹15,000 ÷ ₹100)].
ICICI Bank offers a unique hand-picked rewards program for certain select credit cards. Cardholders who qualify for this program get the following list of advantages:
Reward points on all kinds of transactions
Zero limitation on the number of hand-picked rewards you can earn
No expiration date on reward points
Wide-range of exclusive redemption options across segments such as fragrances, dining experiences, home entertainment, fashion, and gadgets, among others
Here’s a list of hand-picked rewards that you can get by redeeming your ICICI Bank Credit Card reward points.
Hand-picked Rewards |
Value of the Reward |
Points Required |
Product Code |
Hidesign Voucher |
₹1,000 |
1,500 |
AC6027 |
GiveIndia - medical support for underprivileged mothers and newborns |
₹550 |
800 |
SR5023 |
GiveIndia - support for farmers and their children’s education |
₹1,100 |
1,600 |
SR5024 |
GiveIndia - support for elderly women |
₹550 |
800 |
SR5025 |
GiveIndia - support for tribal child education for a year |
₹1,100 |
1,600 |
SR5026 |
Guess for Women 75ml Perfume |
- |
4,000 |
HR1059 |
Genesis La Mode Voucher |
₹10,000 |
15,500 |
HR1220 |
MakeMyTrip Gift Voucher |
₹5,000 |
7,250 |
SR5027 |
MakeMyTrip Gift Voucher |
₹10,000 |
14,500 |
SR5028 |
Yatra Gift Voucher |
₹10,000 |
14,500 |
SR5029 |
BookMyShow Voucher |
₹1,000 |
1,400 |
SR5030 |
Big Basket Gift Voucher |
₹1,000 |
1,400 |
SR5031 |
Central Gift Voucher |
₹1,001 |
1,400 |
SR5032 |
Bata Gift Voucher |
₹1,000 |
1,400 |
SR5033 |
Big Bazaar Gift Voucher |
₹1,000 |
1,400 |
SR5034 |
Baskin Robbins Gift Voucher |
₹500 |
700 |
SR5035 |
Titan Gift Voucher |
₹1,000 |
1,400 |
SR5036 |
InterMiles |
200 InterMiles |
300 |
JP0003 |
Amazon Gift Voucher |
₹1,000 |
1,500 |
SR5021 |
Flipkart Gift Voucher |
₹1,000 |
1,450 |
SR5009 |
*Note: This list is only illustrative. Check the ICICI Bank website for the full list of hand-picked rewards that you can redeem your ICICI reward points for.
Your ICICI CC reward points can be used to purchase various commodities and services. Check out the list below.
Merchandise Products: You can choose from a wide range of products from different categories in the ICICI Bank Credit Card reward points catalogue. You can have one or multiple products as per your ICICI Bank Credit Card reward points redemption.
Gifts: ICICI bank Credit Card reward points redemption can be done in the form of gift vouchers worth ₹100-5,000. You can redeem reward points at partner stores to buy apparel, bags, cashback, or discount coupons.
Air Miles: You can redeem your reward points while making hotel and flight bookings.
Cashback: You can also choose ICICI Bank Credit Card reward points to convert to cash feature under the ICICI reward points redemption program.
Charity: ICICI bank also funds social causes like Mid-day meals, awareness camps, etc.
Once you’ve accumulated enough ICICI Bank Credit Card reward points, you can redeem them for rewards listed on the rewards catalogue of ICICI Bank. Here’s a quick look at some of the different categories of rewards that you can redeem your points against.
Gift Vouchers
Donation and Charity Vouchers
Electronic Gadgets
Automobile Accessories
Health, Wellness and Beauty
Kitchen and Home Appliances
Fashion
Lifestyle
Books
Luggage and Bags
Food and Dining
The list of categories mentioned above is only illustrative. The ICICI Bank Credit Card rewards catalogue is very extensive. Check the bank’s website for the full list of categories and products that you can get by redeeming your ICICI reward points.
The value of 1 ICICI reward point is ₹0.25.
Settling credit card bills from rewards points is an exclusive feature that is not available in all ICICI Bank credit cards.
Yes, your ICICI reward points will expire if you do not have your account under the ICICI hand picked credit card reward program.
No, you cannot cancel your request to redeem ICICI Bank Credit Card points.
The ICICI hand-picked Credit Card reward program lets you earn reward points with no expiry date on all kinds of transactions. A couple of other benefits of the program include exclusive redemption offers on a premium range of products and services and pocket-friendly deals on international travel and flight bookings.
The ICICI PAYBACK Credit Card reward program gives you access to a multi-brand rewards system popularly known as the loyalty program. Through this program, you can earn ICICI reward points on both online and retail purchases in every category. Additionally, you also get amazing offers on redemption of ICICI Bank Credit Card reward points from time to time.
There are two ways to redeem your ICICI reward points as Air Miles.
Firstly, you can choose to redeem your ICICI reward points for JPMiles. To convert into JPMiles, you can contact the customer support centre at 1860-258-5000. Alternatively, you can also visit the official portal of ICICI PAYBACK rewards to redeem ICICI reward points.
Or, you can choose to convert your ICICI reward points into InterMiles through the ICICI Hand-picked reward program. However, you would need a minimum of around 300 reward points to opt for this feature.
Usually, it takes up to 10 working days from the date of placing the ICICI Bank Credit Card points redeem request to process the same.
Yes, you can merge multiple PAYBACK accounts. You can contact the customer care cell of PAYBACK at 1860-258-5000 to place a request for the same.
Yes, it is possible to convert your PAYBACK points into JPMiles. To do so, all that you need to do is select the JPMiles rewards from the rewards catalogue while redeeming your points. Alternatively, you can also contact the PAYBACK customer care cell at 1860-258-5000 to place a conversion request.