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Amazon Pay ICICI Bank Credit Card Review

June 13, 2026• 3 min read
StandardICICI Bank
Amazon Pay ICICI Bank Credit Card Review
Quick Facts
Joining FeeLTF
Renewal FeeLTF
Best ForCashback
Forex Markup1.99%

30-Second Verdict

Expert Verdict

The Amazon Pay Credit Card is a stellar cashback card, designed specifically to maximize direct savings on daily retail, grocery, and online spends with straightforward statement credits.

No Annual Fee
Who Should Apply
  • You want a steady return rate of 1% on standard spends.
  • Your average monthly card spends are less than ₹25,000.
  • You prefer cash statement credits over travel reward point transfers.

Key Numbers

Base Reward Rate
1 RP / ₹100
Accelerated Rate
1X
Forex Markup
1.99%
Joining Fee
None
Annual Fee
None
Eligibility
Age: 21 - 70 Years
Requires minimum income of ₹20,000/month (Salaried) or ₹30,000/month (Self-employed).

Reward Point Mechanics

Understanding how your spends translate into real-world value is key. Here is how you earn, translate, and redeem your reward points.

Earning Blueprint

Accrual & Multipliers
Base Earn Rate:1 RP / ₹100
Multipliers & Milestones:
Merchant-Specific 5x5% yield
5 points per ₹100 spent on Amazon.in for Amazon Prime members (credited as Amazon Pay balance).
Merchant-Specific 3x3% yield
3 points per ₹100 spent on Amazon.in for Non-Prime members (credited as Amazon Pay balance).
Merchant-Specific 2x2% yield
2 points per ₹100 spent at partner merchants on Amazon Pay (e.g. Swiggy, BookMyShow).
Accelerated 1x1% yield
1 point per ₹100 on all other spends (unlimited, no cap).
Merchant-Specific 1x1% yield
1% fuel surcharge waiver on all fuel purchases.

Point Translation

Value depends on how you redeem
Standard Currency Point Value
1 Amazon Pay Balance = ₹1
when redeemed for flights/travel
Redemption Values:
Statement Credit:₹1 per pt

Welcome to our comprehensive review of the Amazon Pay ICICI Bank Credit Card. We decode the card's zero fees, reward rates, Amazon Pay Balance structure, and overall value.

1. Airport Lounge Access

  • Domestic lounges: None (promotional lounge offers may occasionally apply on meeting spend targets).
  • International lounges: None.

2. Rewards Rate & Value

  • Amazon India: 5% rewards for Amazon Prime members, and 3% rewards for non-Prime members. Unlimited earning with no cap.
  • Partner Merchants: 2% rewards at Amazon Pay partner merchants (Swiggy, BookMyShow, etc.) and on digital categories.
  • General Spends: 1% rewards on all eligible spends.
  • Redemption: Reward points auto-credited as Amazon Pay Balance (1 RP = ₹1).

3. Important Exclusions & Features

  • No rewards on fuel, rent, EMIs, gold/silver purchases, jewellery, and government transactions.
  • Extremely competitive 1.99% forex markup.

4. Verdict

  • The ultimate beginner-friendly credit card: lifetime free with unlimited reward points that never expire, making it a must-have for Amazon shoppers.
Exclusions & Caps Warning
  • Fuel transactions do not earn standard reward points, but are eligible for a 1% surcharge waiver up to ₹500/month.
  • Cash advances, balance transfers, and EMI conversions do not earn reward points.

Pros & Cons

Advantages
Disadvantages
  • Direct statement credits reducing your outstanding bill
  • Unlimited 5% cashback on Amazon for Prime members (No Capping)
  • Lifetime Free card (LTF) with zero joining and annual fees
  • Lifetime Free (LTF) with zero annual maintenance fees
  • Accelerated cashback restricted to Amazon ecosystem
  • Requires active Amazon Prime membership for full 5% rate

Rewards Point Calculator

Estimate your annual rewards based on your customized spending profile. Slide the bars to adjust your spends and see the total reward points earned.

✈️ Travel & Airline Booking (Annual)₹2,00,000
🍽️ Dining & Entertainment (Annual)₹1,00,000
⛽ Fuel Purchases (Annual)₹50,000
🛍️ General Retail & Online Shopping (Annual)₹1,50,000
Total Reward Points Earned
7,000
Points / Year

Ranked Leaderboard

RankCard NameIssuerAnnual FeeBase Yield
#1Amazon Pay Credit CardICICI Bank₹01%

Editor's Top Picks

Best Value Return

ICICI Bank Amazon Pay Credit Card offers the best base yield on general spends.

Redemption Sweet Spots

Best Value Redemption Strategy: Redeeming points for statement credits yields poor value. Instead, transfer points to airline/hotel loyalty programs (like Marriott Bonvoy or airline miles) to secure maximum value per point.

Cardswise Score

8.5
Rewards
9/10
Travel Perks
2/10
Lifestyle
5/10
Value for Money
10/10

Frequently Asked Questions

What is the spending limit on the card?
The card limit is determined based on your credit score, ITR/salary documents, and existing credit relationship with the issuing bank.
How do you apply for this card?
You can apply online via the issuer's portal, netbanking, or by visiting a local branch with income proof documents.
Do reward points expire?
Yes, the reward points have lifetime validity and will never expire.
Amazon Pay Credit Card
Lifetime Free
Apply Now

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