The ICICI Bank Amazon Pay Credit Card is a co-branded credit card offered by ICICI Bank and Amazon Pay. This credit card is designed to offer a range of benefits to frequent Amazon customers, including cashback rewards, discounts on Amazon purchases, and more. With the ICICI Bank Amazon Pay Credit Card, you can earn cashback on all your Amazon purchases, as well as on other spending categories like dining, fuel, and entertainment. The cashback you earn can be redeemed directly on Amazon as an Amazon Pay balance, which can be used to make further purchases on the podium. The card also offers a range of other benefits, including welcome benefits, milestone benefits, and annual fee waivers. Additionally, the card is equipped with advanced security features, including the ability to lock and unlock your card instantly using the ICICI Bank mobile app.

Overall, the ICICI Bank Amazon Pay Credit Card is a great option for frequent Amazon customers who want to earn rewards and discounts on their purchases.

Fee and Charges;

  1. There is No joining fee or annual fee for ICICI Amazon Pay Credit Card
  2. The interest rate varies dynamically from 3.5% per month to 3.8% per month based on the customer’s behavior and performance.
  3. There is 3% of the draft value amount subject to a minimum fee of Rs 300
  4. The over limit charge is just 2.50% of the over-limit amount (subject to a minimum of Rs 550) 
  5. The late payment charges are as;
Between Rs 100 – Rs 550Rs 100Rs 100
Between Rs 501 – Rs 5,000Rs 550Rs 500
Between Rs 5,001 – Rs 10,000Rs 550Rs 750
Between Rs 10,001 – Rs 25,000Rs 750Rs 900
Between Rs 25,001 – Rs 50,000Rs 750Rs 1000
More than Rs 50,000Rs 750Rs 1200
  1. The charge for return on the cheque is just 2% of the Total Amount Due (Min. Rs. 450) 
  2. Only Rs. 100 per payment transaction fee on cash payments at branches
  3. The total amount of the outstation cheque processing fee is 1% of the cheque value, subject to a minimum of Rs 100.
  4. The fee for a rent payment transaction is only 1%.
  5. The card replacement fee is just Rs. 100.
  6. There is only Rs 100 per charge slip.
  7. The GST amount on an Amazon Pay Credit Card will be as per existing government norms. GST will be applicable instead of service tax. It may be applicable from time to time, presently, the GST rate for banking and financial services is 18%.

Benefits

The ICICI Bank Amazon Pay Credit Card is a co-branded credit card offered by ICICI Bank and Amazon Pay. The card offers a range of benefits and rewards, including:

  1. Get a Welcome Offer on Amazon Pay Gift Card on joining.
  2. You can earn 5% back on Amazon for Amazon Prime customers, 3% back on Amazon for non-prime customers, 2% back on spending at Amazon Pay partner merchants, and 1% back on all other spends.
  3. There will be No joining or annual fees.
  4. The card comes with contactless payment technology, which allows you to make quick and secure payments by simply tapping your card on a contactless-enabled terminal.
  5. You can enjoy a 1% fuel surcharge waiver on fuel transactions at HPCL petrol pumps.
  6. You can get exclusive discounts and offers on Amazon and Amazon Pay partner merchants.
  7. You can enjoy 15% saving on your bills at over 2500 restaurants across India.
  8. There is no expiry date on the rewards earned using an Amazon Pay credit card.

Overall, the ICICI Bank Amazon Pay Credit Card is a great option for those who frequently shop on Amazon and other online platforms and want to earn rewards and benefits on their purchases.

Conclusion

The ICICI Amazon Pay Credit Card can be a good option for frequent shoppers on Amazon, especially for Prime members. However, it is important to carefully review the terms and conditions of the card before applying to ensure that it fits your specific financial needs and goals. The ICICI Amazon Pay Credit Card has a fee structure that is quite favorable compared to many other credit cards in the market. There is no joining fee or annual fee for the card. This means that you can enjoy the benefits and rewards of the card without having to pay any upfront or recurring charges.

Additionally, the card offers various cashback benefits and rewards, including 5% cashback on Amazon.in for Amazon Prime members, 3% cashback on Amazon for non-Prime members, 2% cashback on spends at Amazon Pay merchants, and 1% cash back on all other spendings.

However, it is important to note that the card may have other fees and charges, such as interest charges on outstanding balances, late payments, and cash advance fees. It is always advisable to review the terms and conditions of the best credit card and understand the fee structure before applying for it, to ensure that it aligns with your financial goals and needs.

By Nora18

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