The verdict
A notable historical frequent flyer card that has now been successfully converted into ICICI's mainstream Gemstone series. Migrated cardholders enjoy enhanced multi-category rewards, BookMyShow discounts, and lifestyle benefits.
The maths for it
Spending ₹8,500/mo on everyday retail (2,040 pts/yr = ₹510 value) + saves ₹400 on fuel clears the ₹1L spend to waive the ₹1,000 fee, delivering over ₹910 in net annual utility value (1.91× ROI).
The maths against
Original JPMiles earning has been replaced with ICICI Reward Points, and new cards are no longer issued under Jet Airways branding.
✓What works
- +Earn 2 ICICI Reward Points for every ₹100 spent on all eligible domestic retail purchases.
- +Earn 1 ICICI Reward Point for every ₹100 spent on utility bills and insurance payments.
- +Seamlessly upgraded and transitioned into ICICI's mainstream Gemstone portfolio (Rubyx/Sapphiro).
- +Annual renewal fee of ₹1,000 waived on spending ₹1,00,000 in the anniversary year.
- +1% fuel surcharge waiver on HPCL petrol pumps across India on transactions up to ₹4,000.
- +Zero liability protection on lost or stolen cards upon immediate intimation.
✕What doesn't
- −No complimentary airport lounge access.
- −Original Jet Airways JPMiles accrual program is permanently inactive.
- −Card is discontinued for new sourcing under the Jet Airways branding.
What it earns
1 ICICI Reward Point = ₹0.25 when redeemed for shopping vouchers or statement credit on Rewards360.
| Category | Rate | Monthly Cap | Per ₹1L spent |
|---|---|---|---|
| All Domestic Retail Spends | 2 pts / ₹100 (0.50%) | Uncapped | 2,000 pts (₹500 value) |
| Utilities & Insurance Spends | 1 pt / ₹100 (0.25%) | Uncapped | 1,000 pts (₹250 value) |
| Fuel & Rent | 0% | Excluded | 0 pts |
Accelerated earn
2 Reward Points / ₹100 + ₹1 Lakh Fee Waiver
Earn reward points across everyday retail shopping and utility bills.
| Category / Channel | Multiplier Rate | Monthly Cap | Cap / Condition |
|---|---|---|---|
| Retail SpendsOn domestic retail. | 2 pts / ₹100 · 0.50% | Uncapped | — |
| Fuel WaiverUp to ₹4,000 fuel. | 1% · HPCL Surcharge | ₹250 / mo | — |
| Fee WaiverWaived at ₹1,00,000 spend. | 100% · ₹1,000 Waived | 1 / year | — |
Redemption options
Redeem ICICI Reward Points on Rewards360 portal for brand gift cards, merchandise, or statement credit.
| Redemption Channel | Value Per Point | Minimum | Ceiling / Limits | Fee |
|---|---|---|---|---|
| Brand Shopping VouchersBEST VALUE | ₹0.25 / Reward Point | 500 pts | None | ₹99 + GST |
| Statement Balance Credit | ₹0.25 / Reward Point | 500 pts | None | ₹99 + GST |
Reward Scope: Inclusions & Exclusions
✓Eligible Spends (Inclusions)
- +General retail shopping, dining, grocery purchases, utility bills.
- +HPCL fuel surcharge waiver.
- +Complimentary add-on cards.
✕Excluded Spends & Fee Traps
- −Rent payments.
- −Fuel purchases (1% surcharge waiver on HPCL pumps).
- −Wallet load transactions.
Fee Schedule & Waiver Criteria
| Fee Component | Amount / Rate |
|---|---|
| Joining Fee | ₹1,000 + GST |
| Annual Renewal Fee | ₹1,000 + GST (Waived at ₹1 Lakh spend) |
| Forex Markup | 3.5% + GST |
| Finance Charges | 3.49% / month (41.88% / year) |
Eligibility & Approval Criteria
| Criteria | Requirement |
|---|---|
| Status | Existing legacy cardholders transitioned to Gemstone portfolio |
| Age | 21–60 years |
| Salaried Income | ₹35,000+ monthly net salary |
Frequently Asked Questions
Does ICICI Bank Jet Airways Credit Card offer airport lounge access?
No lounge access
What are the MITC charges, annual fees, and interest rates for ICICI Bank Jet Airways Credit Card?
The annual renewal fee is ₹1,000 + GST (Waived at ₹1 Lakh spend). Fee waiver condition: Waived at ₹1,00,000 annual spend. Revolving balance finance charges: 3.49% / month (41.88% / year). Foreign currency markup: 3.5% + GST. Check the current issuer MITC for other or missing charges.
What is the reward rate and point redemption value on ICICI Bank Jet Airways Credit Card?
Published earn rate: 2 pts / ₹100 on Retail (0.50%) · 1% HPCL Fuel Waiver · Converted to Gemstone. Listed Brand Shopping Vouchers value: ₹0.25 / Reward Point.
Which transactions are excluded from earning rewards on ICICI Bank Jet Airways Credit Card?
Listed exclusions: Rent payments., Fuel purchases (1% surcharge waiver on HPCL pumps)., Wallet load transactions.. Check the issuer terms for any fuel surcharge waiver.
Who is ICICI Bank Jet Airways Credit Card best suited for in 2026?
The card details describe it as suited to Legacy airline co-brand cardholders migrated to ICICI Sapphiro / Rubyx Gemstone portfolios. Compare its terms with your spending and annual fee.
Editorial Deep-Dive Analysis
Comprehensive Overview: ICICI Bank Jet Airways Credit Card (Legacy Portfolio)
The ICICI Bank Jet Airways Credit Card was historically one of India’s premier co-branded frequent flyer credit cards. Following the suspension of Jet Airways flight operations, ICICI Bank established a seamless migration pathway, transitioning existing cardholders into its mainstream Gemstone portfolio (predominantly the ICICI Rubyx or Sapphiro series). This transition enabled cardholders to preserve their credit limits and credit history while gaining modern lifestyle privileges.
Key Privileges and Transitioned Benefits
- Everyday Retail and Utility Rewards:
- Domestic Retail Spends: Earn 2 ICICI Reward Points per ₹100 spent across general retail categories.
- Utilities and Insurance: Earn 1 ICICI Reward Point per ₹100 spent on recurring utility bills and insurance premium payments.
- HPCL Fuel Surcharge Relief:
- Enjoy a 1% fuel surcharge waiver on fuel purchases at HPCL petrol stations across India for transactions up to ₹4,000.
- Annual Fee Reversal:
- The card’s nominal annual renewal fee of ₹1,000 + GST is completely waived upon achieving annual spends of ₹1,00,000 or more during the anniversary year.
- Transition into ICICI Gemstone Privileges:
- Converted cardholders transitioning to Rubyx or Sapphiro gain access to ICICI Bank’s dual-network cards (Visa/Mastercard or RuPay), enhanced BookMyShow entertainment offers, and dining privileges under the Culinary Treats program.
- Bank-Wide Promotional Campaigns:
- Cardholders remain eligible for ICICI Bank’s seasonal 10% instant discount partnerships across major e-commerce platforms during festive shopping events.
Important Transition Terms and Guidelines to Keep in Mind
Existing cardholders managing this account should note the following operational aspects:
- Discontinued New Sourcing: ICICI Bank is no longer issuing new cards under the Jet Airways branding. The profile is maintained for existing account holders and legacy portfolio administration.
- Points Accrual and Redemption: Historical JPMiles earning has ceased. All rewards now accumulate as ICICI Reward Points, which can be redeemed on ICICI Bank’s Rewards360 portal for brand vouchers, merchandise, or statement balance credit.
- Upgraded Gemstone Privileges: If your account has been converted to an active Rubyx or Sapphiro card, airport lounge access and BookMyShow ticket benefits follow modern ICICI Gemstone spend thresholds (such as ₹75,000 preceding-quarter spend for domestic airport lounges).
Portfolio Context and Legacy Cardholder Value
- Long-Term ICICI Relationship Holders: Existing cardholders who maintain this seasoned credit line to preserve their credit age and CIBIL score history.
- Transitioned Gemstone Users: Customers who now enjoy the broader utility of ICICI’s lifestyle reward system across retail, dining, and e-commerce shopping.
linkVerified Data & Notice Sources
- ICICI Bank — Jet Airways Card migration to Gemstone portfolio terms
- ICICI Bank co-branded airline transition guidelines
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).
⚖️ Trademark & Intellectual Property Ownership:All registered trademarks, service marks, brand names, product titles, and emblems referenced on this page—including ICICI Bank, HDFC Bank, Axis Bank, SBI Card, ICICI Bank, RBL Bank, American Express, Kotak Mahindra Bank, Visa, Mastercard, RuPay, and related marks—are the exclusive intellectual property of their respective banking corporations and trademark proprietors. CredSutra asserts no proprietary claim, title, or interest in these marks.
🏛️ Nominative Fair Use (Trade Marks Act, 1999):The display and descriptive mention of commercial brand and product names on this portal is strictly nominative and for comparative identification, consumer education, and public research purposes pursuant to Section 30(1) and Section 30(2)(d) of the Trade Marks Act, 1999 (India). CredSutra is not sponsored by, affiliated with, or endorsed by ICICI Bank.
🎨 Original Procedural Visual Assets:All visual card cards rendered on CredSutra are original, procedural CSS/SVG mathematical abstractions. CredSutra does not scrape, host, or reproduce proprietary 3D card renders, official bank marketing collateral, or copyrighted photographic assets belonging to ICICI Bank or payment networks.
📋 Official Bank Terms & Verification:Fee structures, reward multipliers, and lounge access rules are derived from publicly available Most Important Terms and Conditions (MITC) schedules and bank circulars. Card issuers retain the right to modify terms at their discretion. Outbound application links redirect users directly to the official bank portal, where the final decision on credit limits and issuance rests exclusively with ICICI Bank.
Read Full Legal & Regulatory Disclaimers →Section 30 Trade Marks Act, 1999 & Rule 3(2) IT Rules 2021