Amazon Pay ICICI Bank Credit Card

ICICI Bank · Invite only

A no-fee Amazon co-brand card. It pays 5% back on Amazon.in for Prime members (3% for others) and 1% on most other spends, credited as Amazon Pay balance with no expiry.

Annual fee
Lifetime free
Joining fee
None
Base rate
Everything else, 1%: 1% in Amazon Pay balance (about 1% at cash value)
Lounges
None on record
Forex markup
1.99%
Data
From bank documents, checked 24 Oct 2026

Main earn rates

  • Amazon.in, 5% for Prime members: 5% in Amazon Pay balance (about 5% at cash value)
  • Amazon.in, 3% without Prime: 3% in Amazon Pay balance (about 3% at cash value)
  • Gift cards, bill payments and recharges on Amazon, 2%: 2% in Amazon Pay balance (about 2% at cash value)

Earns nothing on

  • No rewards on fuel, gold and precious metals, or tax payments
  • No rewards on rent
  • No rewards on education
  • No rewards on international transactions
  • No rewards on utility and telecom bills outside Amazon
  • No rewards on EMI or cash transactions

Where the sources disagree

  • Date of the foreign currency mark-up cut: The card MITC says 3.50% to 1.99% from 2025-10-01. A third-party site gives 2025-10-11. We use the MITC.
  • Foreign currency mark-up now: The card MITC's footnote says the conversion factor is "currently 3.50%", while its fee table and the general MITC say 1.99%. We use 1.99%.
  • Flights and hotels booked through Amazon Pay: The T&C copy still served at icicibank.com (PDF of January 2026) excludes "travel bookings for flights & hotels via Amazon Pay" from the 5%/3% rates; the T&C the product page links (PDF of 13 October 2026) excludes only gold coins. The older copy predates the change and cannot undo it, so the October 2026 T&C is used.

Terms the calculator does not value

  • The cost of the Amazon Prime membership that the 5% rate needs is not counted; without Prime, Amazon.in spend earns 3%.
  • Spends at Amazon Pay partner merchants (100+, paid with "Login and pay with Amazon Pay"), e-books and Amazon Pay balance loads earn 2%. The format cannot match on the payment route and has no category for e-books or Amazon Pay loads, so partner spends are valued at the 1% base and e-books at the Amazon rate. Gift cards, bill payments and recharges bought on Amazon are modelled at 2% (rule amazon-digital).
  • Gold coins bought through Amazon Pay are excluded from the 5%/3% Amazon rates; what they earn instead is not stated (gold, like other precious metals, earns nothing under T&C item 13). Flight and hotel bookings made through Amazon Pay earn the Amazon rate since the T&C of October 2026; the calculator has no spend line for them.
  • The general MITC applies a redemption handling fee plus GST to ICICI reward points. Whether it applies to Amazon Pay balance is not stated; none is applied.
  • Culinary Treats dining discounts are mentioned on an older product page with no details, so they are not entered.
  • Rewards on reversed, cancelled or EMI-converted transactions are clawed back; the calculator does not model refunds.
  • Insurance, groceries and IRCTC (railway) spends are not capped on this card. The general MITC's caps per statement cycle on utility, insurance and grocery and departmental spend ("For other ICICI Bank Credit Cards, Reward Points accrued per statement cycle will be capped for certain MCCs") and on transportation spend (MCCs 4111, 4112, 4784, 4131, from 2026-02-01) list the cards they cover by name, and Amazon Pay ICICI is not among them. The card's own MITC sends rewards to its T&C ("For rewards related information, please refer to the applicable Terms and Conditions"), which set its rates (items 7 to 10) and name no cap, and its FAQ says "No limit on earnings". These spends earn the 1% base rate, or the Amazon rate when bought on Amazon.

Sources

Compare this card · Find the best card for your spending