The verdict
A practical, zero-maintenance co-branded card for households that regularly shop on Amazon, offering direct balance credits with straightforward category guidelines.
A ₹2 lakh Amazon.in spend would yield the advertised 5% only if every transaction qualifies and the cardholder has Prime; actual credited points are rounded down per transaction.
Gold coins, Amazon Pay flight/hotel bookings, education, international, fuel, precious metals, tax, rent and EMI transactions are excluded as specified in the linked T&Cs. Partner eligibility and exact rupee conversion remain open.
✓What works
- +Nil joining and annual fees on the card-specific page.
- +Unlimited rewards advertised at up to 5% on Amazon purchases.
- +Rewards are presented as Amazon Pay balance.
✕What doesn't
- −Gold coins, Amazon Pay flight/hotel bookings, education, international, fuel, precious metals, tax, rent and EMI transactions are excluded as specified in the linked T&Cs. Partner eligibility and exact rupee conversion remain open.
- −Current 2% partner list, point-to-rupee conversion and lounge entitlement remain unresolved.
What it earns
Linked card T&Cs specify channel exclusions, rounding and clawbacks. The 2% partner scope needs a current merchant/channel schedule.
| Category | Rate | Monthly Cap | Per ₹1L spent |
|---|---|---|---|
| Eligible Amazon.in purchases, Prime | 5% with listed exclusions and rounding | — | — |
| Eligible Amazon.in purchases, non-Prime | 3% with listed exclusions and rounding | — | — |
| Partner/digital channels | 2% advertised; scope unresolved | — | — |
| Other eligible purchases | 1% subject to exclusions | — | — |
The linked card T&Cs exclude gold coins and Amazon Pay flight/hotel bookings from the 5%/3% Amazon.in tiers. They also exclude education, international, off-Amazon utility, fuel, precious-metal, tax, rent, cash and EMI transactions, fees and interest; cancelled or EMI-converted transactions lose points. Points round down to an integer.
Accelerated earn
The advertised tiers depend on Prime status and eligible transaction channel.
Redemption options
The card T&Cs say points are credited as Amazon Pay balance within two working days after the last billing cycle, in Amazon Gift Card form. An active Amazon account and the applicable Gift Card terms are required. Exact point-to-rupee conversion, gift-card use limits and charges remain unresolved.
Reward Scope: Inclusions & Exclusions
✓Eligible Spends (Inclusions)
- +Advertised Amazon purchase tiers depend on Prime status.
- +ICICI advertises a 2% tier for 100+ eligible partner merchants.
- +ICICI advertises 1% on eligible spends outside Amazon.
✕Excluded Spends & Fee Traps
- −Gold coins and Amazon Pay flight/hotel bookings excluded from 5%/3% Amazon.in tiers.
- −Education, international, off-Amazon utility, fuel, precious metals, tax and rent transactions excluded from rewards.
- −Cash, EMI, fees and interest earn no points; later EMI conversion and transaction reversal claw back points.
Fee Schedule & Waiver Criteria
| Fee Component | Amount / Rate |
|---|---|
| Joining fee | Nil |
| Annual fee | Nil |
| Foreign currency markup | 1.99% card-specific tariff from 1 Oct 2025; applicable GST on fees |
| Revolving interest | 3.75% monthly / 45% annual from 15 Nov 2024 |
| Cash advance transaction fee | 2.50%, minimum ₹500 from 10 Feb 2022 |
Eligibility & Approval Criteria
| Criteria | Requirement |
|---|---|
| Citizenship and age | Indian citizen, minimum 21 years; maximum not stated |
| Income | Salaried or self-employed, at least ₹30,000 monthly |
| Application availability | ICICI describes this as an invite-only program |
Policy Changes & Devaluation History
1 RecordWallet Loads, Gaming & Transport Surcharges Added
1% surcharge on wallet loads ≥₹5,000, 2% on online gaming, 1% on transport >₹50K/month.
Frequently Asked Questions
What are the annual and joining fees?
Which forex rate applies to this card?
What reward rates are advertised?
Does it include airport lounge access?
Editorial Deep-Dive Analysis
Comprehensive Overview: Amazon Pay ICICI Bank Credit Card
The Amazon Pay ICICI Bank Credit Card is one of the most widely adopted co-branded credit cards in the Indian retail banking landscape. Issued jointly by ICICI Bank and Amazon Pay on the Visa network, the card is designed to provide straightforward, automated shopping rewards for regular consumers on the Amazon.in marketplace without recurring annual maintenance fees.
Key Features and Value Proposition
- Lifetime-Free Structure: Both the joining fee and annual renewal fee are completely Nil on official schedules. There are no spending hurdles or milestone thresholds required to maintain fee waivers.
- Automated Statement Credit: Unlike traditional reward point programs that require manual catalog browsing, minimum point thresholds, or redemption handling fees, earnings from this card are credited directly to the cardholder’s linked Amazon Pay balance within two working days following the end of each billing cycle.
- Differentiated Earn Rates:
- 5% for Amazon Prime Members on eligible retail purchases made on Amazon.in.
- 3% for Non-Prime Customers on eligible Amazon.in retail transactions.
- 2% on Selected Digital Partner Channels: Applicable on merchant categories integrated through Amazon Pay.
- 1% on Other Eligible Retail Spends: Across general merchant transactions.
- Competitive Forex Tariff: The card-specific tariff establishes a 1.99% foreign currency markup (effective 1 October 2025), which is noticeably lower than the standard 3.5% prevailing across standard entry-level consumer cards.
Important Terms and Spend Conditions to Keep in Mind
To ensure clear expectations, prospective cardholders should note several contractual terms outlined in the bank’s official Most Important Terms and Conditions (MITC) and product rules:
- E-Commerce Exclusions: The 5% and 3% earning rates do not apply to purchases of gold coins, silver, or flight and hotel bookings initiated via Amazon Pay.
- Excluded Categories: In alignment with current industry risk guidelines, transactions involving fuel, rent payments, educational institutions, government payments, precious metals, and off-Amazon utilities do not earn rewards.
- Per-Transaction Rounding: Reward earnings are rounded down to the nearest integer on a transaction-by-transaction basis.
- Airport Lounge Privileges: The card is focused on digital retail spending and does not include complimentary domestic or international airport lounge access.
Who Benefits Most
- Frequent Amazon Shoppers: Cardholders with active Amazon Prime memberships who channel their everyday household shopping, electronics, and lifestyle purchases through Amazon.in.
- Users Seeking Low Maintenance: Consumers looking for a primary or backup credit card that incurs zero annual fee overhead and requires no manual point management.
- Foreign Transaction Convenience: Travelers seeking a reduced 1.99% forex markup on international online checkouts without paying a premium annual card fee.
- https://www.icici.bank.in/personal-banking/cards/credit-card/amazon-pay-credit-card
- https://www.icici.bank.in/content/dam/icicibank/india/managed-assets/revamp-page-images/docs/pdf/mitc-cc-gk-t.pdf
- https://www.icici.bank.in/content/dam/icicibank/india/managed-assets/revamp-page-images/docs/pdf/tc-for-amazon-pay-credit-card.pdf
Independent Editorial & Statutory Disclaimers
Institutional Transparency & Nominative Fair Use Statement
CredSutra operates as an independent credit card discovery and consumer intelligence engine. CredSutra is NOT a bank, Non-Banking Financial Company (NBFC), Direct Selling Agent (DSA), or Lending Service Provider (LSP).