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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.

Some of the Top ICICI Bank Credit Cards Offering Rewards

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

  • 2 PAYBACK points for every ₹100 spent on your card (except fuel)

  • 1 PAYBACK point for every ₹100 spent on utilities and insurance categories

ICICI Platinum Chip Card – Visa

  • 2 PAYBACK points for every ₹100 spent on your card (except fuel)

  • 1 PAYBACK point for every ₹100 spent on utilities and insurance categories

ICICI Sapphiro Credit Card

  • 2 PAYBACK points for every ₹100 spent on domestic purchases

  • 4 PAYBACK points for every ₹100 spent on international purchases

ICICI Rubyx Credit Card

  • 2 PAYBACK points for every ₹100 spent on domestic purchases

  • 4 PAYBACK points for every ₹100 spent on international purchases

ICICI Bank Expressions Credit Card

  • 3 PAYBACK points for every ₹100 spent on your card (except fuel)

ICICI Emeralde Credit Card

  • 4 PAYBACK points for every ₹100 spent on retail transactions (except fuel, utilities and insurance)

  • 1 PAYBACK points for every ₹100 spent on utilities and insurance categories

ICICI HPCL Credit Card

  • 2 PAYBACK points for every ₹100 spent on retail purchases (except fuel)

ICICI MU Signature Credit Card

  • 3 PAYBACK points for every ₹100 spent on domestic retail purchases (except fuel)

  • 4 PAYBACK points for every ₹100 spent on international retail purchases (except fuel)

  • Up to 5 PAYBACK points for every ₹100 spent on retail purchases (except fuel)

ICICI MU Platinum Credit Card

  • 3 PAYBACK points for every ₹100 spent on retail purchases (except fuel)

ICICI MMT Platinum Credit Card

  • ₹1 My Cash for every ₹200 spent on domestic purchases made outside MakeMyTrip

  • ₹2 My Cash for every ₹200 spent on flight bookings on MakeMyTrip

  • ₹3 My Cash for every ₹200 spent on hotel/ holiday bookings on MakeMyTrip

ICICI MMT Signature Credit Card

  • ₹1.25 My Cash for every ₹200 spent on domestic purchases outside MakeMyTrip

  • ₹1.50 My Cash for every ₹200 spent on international purchases other than on MakeMyTrip

  • ₹2 My Cash for every ₹200 spent on flight bookings on MakeMyTrip

  • ₹4 My Cash for every ₹200 spent on hotel/holiday bookings on MakeMyTrip

Disclaimer: The figures in the above-mentioned table are indicative and subject to change. 

** Note - ICICI reward points’ value is in rupees:

1. ICICI Bank Credit Card reward point is ₹0.25

2. ICICI Bank Credit Card My Cash is ₹1

Types of ICICI Bank Credit Card Reward Programme

ICICI Bank offers three different types of credit card reward programs. Let’s take a closer look at each of these programs. 

  • ICICI Bank Rewards Program

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. 

  • ICICI Bank Hand-Picked Rewards Program

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. 

  • ICICI Bank PAYBACK Program

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.  

How to Earn ICICI Bank Credit Card Reward Points?

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.

How to Redeem ICICI Bank Reward Points?

You can redeem your ICICI Bank reward points via the ICICI internet banking portal or the 24/7 customer care helpline. The steps that you would have to follow for both of these redemption methods have been elaborated below. 

1. Steps to Redeem ICICI Reward Points Via Internet Banking 

  • Step 1: Visit the ICICI Bank internet banking portal

  • Step 2: Login using your user credentials

  • Step 3: Navigate to the ‘Reward Points’ section of the portal

  • Step 4: Click on the ‘Redeem Online’ option

  • Step 5: Choose the item that you would like to redeem your points for and complete the process

 

Once you’ve redeemed your points, the portal will provide you with a unique reference number. This number can be used in case of any queries regarding this particular redemption request. 

2. Steps to Redeem ICICI Reward Points Via Customer Care Helpline 

 

Learning how to redeem ICICI Bank Credit Card reward points to cash is important. Thankfully, it is simple and you need only dial 1800 1080 and talk to the customer care team to redeem your earned points via cash.

 

Alternatively, you may call 1860 120 7777 to understand how to redeem your earned points via gifts or cash. Note that it can take up to a week for the cash to be credited to your bank account.

 

*Note: You can only convert your ICICI Bank Credit Card reward points into air miles by calling the ICICI Bank 24/7 customer care helpline pertaining to your city. 

 

It is essential to keep in mind that irrespective of the redemption method, it may take up to 10 working days for your order to be dispatched to you. If you still don’t receive your order even after the expiry of 10 working days, you may call the ICICI Bank customer care helpline. Here, you must specify your unique reference number to get more information. 

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How are the Reward Points Calculated?

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)]. 

Hand-picked Reward Points on Specific Products

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. 

What Can You Purchase with ICICI Credit Card Reward Points?

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. 

ICICI Bank Credit Card Rewards Catalogue

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.

Rules and Regulations for ICICI Bank Credit Card Reward Points

Here’s a list of rules and regulations that you need to be aware of before you redeem your ICICI reward points. 

  • The rewards program is only available for specified ICICI Bank Credit Card users

  • The rewards program comes into effect only from the date of card activation 

  • A nominal fee of ₹99 plus GST is levied for every reward redemption request and will be charged to the credit card account 

  • The ICICI Bank rewards program follows the anniversary year system for all its rewards 

  • The monthly credit card statement will contain the details of your ICICI Bank Credit Card reward points, including the number of points earned, number of points redeemed and the outstanding balance as of the end of the billing cycle

  • ICICI Bank Credit Card reward points may be redeemed against redemption offers that are currently available on the ICICI Bank website 

  • The reward points can be redeemed through the bank’s internet banking portal or by calling its 24/7 customer care helpline

  • All the reward points redeemed will be automatically reduced from the accumulated balance available on the credit card account 

  • All of the accumulated points will be cancelled immediately if the credit card is cancelled or withdrawn

  • The cancelled points cannot be transferred to any other ICICI Bank Credit Card or be reverted to your original card in the case of reinstatement

  • All accumulated reward points will stand cancelled if the ICICI Bank rewards program is terminated

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FAQs about ICICI Bank Credit Card Reward Points

What is the value of 1 ICICI reward point?

The value of 1 ICICI reward point is ₹0.25.

Can I use my ICICI reward points to settle my credit card bills?

Settling credit card bills from rewards points is an exclusive feature that is not available in all ICICI Bank credit cards.

Will my ICICI reward points expire?

Yes, your ICICI reward points will expire if you do not have your account under the ICICI hand picked credit card reward program.

Can I cancel my ICICI reward point redemption request?

No, you cannot cancel your request to redeem ICICI Bank Credit Card points.

What is the ICICI Hand-Picked Credit Card Reward Program?

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.

What is the ICICI PAYBACK Credit Card Reward Program?

 

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.

 

How can I redeem ICICI Reward Points as Air Miles?

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.

How long does it take to handle a request for redemption?

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.

When there are several Payback accounts, can they be merged?

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.

Can I convert my Payback points to JPMiles?

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.

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