ICICI Bank
MakeMyTrip ICICI Bank Signature Credit Card
This card is no longer offered by bank
This card is no longer sourceable
This card is no longer offered by bank
Top Benefits
Earn up to 4 myCash per ₹200 on MakeMyTrip
hotel and holiday bookings and 2 myCash per ₹200 on flight bookings via MakeMyTrip, redeemable at 1 myCash = ₹1
Get up to 8 Complimentary Domestic Airport Lounge
visits per year available each quarter on spending ₹75,000 or more on the card in the preceding calendar quarter
Best For
Dining
Travel
If you love traveling and frequently use MakeMyTrip for your bookings, the MakeMyTrip ICICI Bank Signat...
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If you love traveling and frequently use MakeMyTrip for your bookings, the MakeMyTrip ICICI Bank Signat...
If you love traveling and frequently use MakeMyTrip for your bookings, the MakeMyTrip ICICI Bank Signature Credit Card is built to reward those exact habits. The strongest benefit of this card is the impressive return on travel spends, offering up to 4 My Cash per Rs. 200 spent on hotel and holiday bookings through MakeMyTrip.
Designed specifically for frequent travelers, this premium co-branded card turns your everyday purchases into future vacations. Unlike standard reward cards that give you generic points, this card earns "My Cash" where 1 My Cash equals exactly Rs. 1. You can use these earnings directly on MakeMyTrip without worrying about complicated conversion ratios. With complimentary lounge access, MMTBLACK Platinum membership, and international roaming perks, it stands out as a solid choice for those who travel both domestically and internationally.
While many travel cards focus on airline miles, this card gives you the flexibility to book flights, hotels, or holiday packages on one of India's largest travel platforms. It beats standard cashback cards for travelers because the rewards rate on MakeMyTrip bookings is exceptionally high, making it easy to accumulate significant value quickly.
View FAQ
Commonly Asked Questions
Is the MakeMyTrip ICICI Bank Signature Credit Card lifetime free?
No, the card comes with a joining fee of Rs. 2,500 plus GST. However, the annual renewal fee is Rs. 0, meaning you only pay the fee when you first get the card.
Is this a good credit card for travelers?
Yes, it is an excellent card for travelers, especially those who use MakeMyTrip. You earn up to 4 My Cash (worth Rs. 4) per Rs. 200 spent on hotels and holidays via MakeMyTrip, plus you get complimentary airport and railway lounge access.
Who should apply for this card?
This card is ideal for frequent travelers who spend significantly on flights, hotels, and holidays through the MakeMyTrip platform. If you want direct rupee-value rewards for your travel bookings, this card fits the bill perfectly.
What makes this different from other travel cards?
The key difference is the "My Cash" reward system where 1 point equals Rs. 1. It also provides immediate value by offsetting the Rs. 2,500 joining fee with 1,500 My Cash, a Rs. 2,500 holiday voucher, and complimentary MMTBLACK Platinum membership.
Expert Review
In my experience analyzing travel credit cards, the MakeMyTrip ICICI Bank Signature Credit Card fills a very specific, yet highly desirable niche. It is a premium travel card that doesn't punish you with recurring annual fees. Earning 4 My Cash per Rs. 200 on MakeMyTrip hotel bookings translates to a solid 2% return, which is excellent given the simple 1:1 redemption ratio.
However, I do have a criticism regarding its everyday utility. Outside of the MakeMyTrip platform, the domestic reward rate drops to a meager 0.625% (1.25 points per Rs. 200). If you use this as your primary card for groceries, dining, and utility bills, you are leaving a lot of money on the table compared to standard cashback cards.
Ultimately, this card is a brilliant secondary card to keep in your wallet. Use your regular cashback card for daily expenses, and pull this one out exclusively when booking vacations, flights, and hotels on MakeMyTrip to maximize the high travel returns and enjoy the lounge access, all without the worry of paying an annual fee next year.
Joining / Annual Fee
Joining Fees
₹2,950 ( ₹2500 + GST )
Annual Fees
₹0 ( ₹0 + GST )
The fee structure for this premium card is uniquely front-loaded, meaning you pay upfront but save long...
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The fee structure for this premium card is uniquely front-loaded, meaning you pay upfront but save long...
The fee structure for this premium card is uniquely front-loaded, meaning you pay upfront but save long-term.
The card comes with a one-time joining fee of Rs. 2,500 plus applicable taxes. While this might seem steep, the bank offsets this entirely with the welcome benefits. As mentioned earlier, paying this Rs. 2,500 fee unlocks 1,500 My Cash (worth Rs. 1,500) and a Rs. 2,500 holiday voucher. Essentially, the value you get back exceeds what you pay to join.
The best part about this card's fee structure is the annual fee. From the second year onwards, the annual renewal fee is Rs. 0. Because there is no annual fee, you don't have to worry about hitting specific spending targets just to get a fee waiver. You simply keep the card and enjoy the benefits without an ongoing yearly cost.
View FAQ
Commonly Asked Questions
What are the joining fees for this card?
The one-time joining fee is Rs. 2,500 plus applicable GST, charged when the card is issued.
Is the joining fee one-time or recurring?
The joining fee is strictly a one-time charge applied when you first get the card.
Can the joining fee be waived?
The fee itself is not waived, but it is effectively offset because paying the Rs. 2,500 fee triggers welcome benefits worth Rs. 4,000 (1,500 My Cash and a Rs. 2,500 holiday voucher).
Is there a welcome bonus to offset the joining fee?
Yes, you receive 1,500 My Cash, a Rs. 2,500 MakeMyTrip holiday voucher, and complimentary MMTBLACK Platinum membership.
What is the annual or renewal fee?
The annual renewal fee from the second year onwards is Rs. 0.
Is there an annual fee waiver option?
Because the annual fee is Rs. 0, a fee waiver condition is not applicable (N/A) for this card.
How can I get this card lifetime free?
While you do have to pay the initial joining fee of Rs. 2,500, the card functions essentially as lifetime free from the second year since the annual renewal fee is Rs. 0.
If the annual fee is zero, do I still get all the benefits every year?
Yes, standard benefits like the reward points structure and lounge access continue year after year, subject to the bank's terms.
What happens if I don't use the card for a long time?
Since there is no annual fee, you won't be charged for non-usage. However, as per RBI guidelines, cards inactive for a long continuous period may face closure.
Eligibility
Age
Criteria*
21-58 years
Salary
Criteria*
9LPA
Credit
Rating*
750+
New to credit
allowed
No
Existing Bank
Customer Allowed
Yes
Getting approved for the MakeMyTrip ICICI Bank Signature Credit Card requires meeting specific age, inc...
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Getting approved for the MakeMyTrip ICICI Bank Signature Credit Card requires meeting specific age, inc...
Getting approved for the MakeMyTrip ICICI Bank Signature Credit Card requires meeting specific age, income, and credit score guidelines set by the bank.
First, the primary applicant must be between 21 and 65 years old at the time of application. This age bracket applies to both salaried employees and self-employed individuals.
In terms of income, the bank requires a solid financial profile. Whether you are a salaried professional or running your own business, you need a minimum annual income of Rs. 9 lakh. That translates to an average monthly income of Rs. 75,000. If you earn Rs. 80,000 a month, you comfortably meet this requirement.
Finally, your credit history plays a major role. ICICI Bank requires a minimum CRIF score of 750 for this card. A score of 750 or above shows you manage credit responsibly, making approval much smoother. If your score is below 750, your chances of approval drop significantly.
View FAQ
Commonly Asked Questions
What is the minimum age to apply for this card?
The primary applicant must be at least 21 years old to be eligible for this credit card.
What is the maximum age limit for the primary cardholder?
The upper age limit for eligibility is 65 years at the time of submitting your application.
What is the minimum salary required for salaried applicants?
Salaried individuals need a minimum annual income of Rs. 9 lakh. This equals a monthly salary requirement of Rs. 75,000.
What is the minimum annual income for self-employed applicants?
Self-employed professionals and business owners must also demonstrate a minimum annual income of Rs. 9 lakh.
Can self-employed individuals apply for this card?
Yes, both salaried and self-employed individuals can apply, provided they meet the income and credit score criteria.
What credit score is needed for approval?
A minimum CRIF credit score of 750 is required as per the bank's eligibility criteria.
Will my application be rejected if my credit score is below the requirement?
While a CRIF score of 750 or above is required, banks sometimes make exceptions based on existing relationships. However, a score below 750 greatly increases the chance of rejection.
Do I need to be an Indian citizen to apply?
Indian citizens and residents are eligible. NRIs can apply provided they hold a valid Indian passport and meet the bank's specific NRE/NRO account requirements.
Can I get add-on cards for family members?
You can apply for up to 3 add-on cards for your immediate family members, including your spouse, parents, and children above 18 years of age.
Can I check my eligibility without affecting my credit score?
Yes, doing a preliminary check through partner platforms usually involves a soft inquiry that does not impact your credit score.
Do I need to have an existing account with ICICI Bank?
Having an existing relationship is not strictly mandatory, but it can make the approval process faster and easier if you already bank with ICICI.
All Card Benefits
- Earn up to 4 myCash per ₹200 spent on hotel and holiday bookings via MakeMyTrip
- Earn 2 myCash per ₹200 spent on flight bookings via MakeMyTrip
- Earn 1.5 myCash per ₹200 spent on international transactions outside MakeMyTrip
- Earn 1.25 myCash per ₹200 spent on domestic transactions outside MakeMyTrip
- My Cash redemption value is ₹1 per point on MakeMyTrip
- Milestone reward of 1,100 My Cash on annual spends of ₹2.5 lakh
- Milestone reward of 4,000 My Cash on annual spends of ₹5 lakh
- Complimentary international, domestic, and railway lounge access as per eligibility
- Complimentary Dreamfolks membership with international lounge and spa access
- 1% fuel surcharge waiver on eligible fuel transactions at HPCL pumps
- Welcome benefits including myCash, holiday voucher, and MMTBLACK membership
Welcome Benefits
The card makes sure you get immediate value for the joining fee you pay. As soon as...
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Welcome Benefits The card makes sure you get immediate value for the joining fee you pay. As soon as...
Welcome Benefits
The card makes sure you get immediate value for the joining fee you pay. As soon as you pay the Rs. 2,500 joining fee, the bank credits 1,500 My Cash to your MakeMyTrip account. On top of that, you receive a MakeMyTrip holiday voucher worth Rs. 2,500 and a complimentary MMTBLACK Platinum tier membership.
In practical terms, you are paying Rs. 2,500 (plus GST) but receiving Rs. 4,000 in direct value (1,500 My Cash + Rs. 2,500 voucher) plus the premium membership tier. These welcome benefits are typically credited within 45 days of paying the joining fee, giving you a great head start on your next trip.
Reward Points Structure
The rewards program on this card is straightforward and lucrative if you book through MakeMyTrip. You earn rewards in the form of "My Cash." The earning rate is tiered based on where you spend.
You earn 4 My Cash per Rs. 200 spent on hotel and holiday bookings through MakeMyTrip. For flight bookings on MakeMyTrip, you earn 2 My Cash per Rs. 200 spent. For your regular spending outside the platform, you earn 1.5 My Cash per Rs. 200 on international transactions and 1.25 My Cash per Rs. 200 on domestic transactions.
Let's look at the savings. If you book a hotel for Rs. 20,000 on MakeMyTrip, you will earn 400 My Cash. Since 1 My Cash equals Rs. 1, you just saved Rs. 400 on that booking. If you spend Rs. 50,000 on domestic retail purchases outside MakeMyTrip in a month, you will earn 312.5 My Cash (worth Rs. 312.50).
Additionally, the card offers milestone benefits. If you spend Rs. 2.5 lakh in a year, you get a bonus of 1,100 My Cash. Hit Rs. 5 lakh in annual spends, and you get another 4,000 My Cash. If you hit that Rs. 5 lakh target, those milestone bonuses alone give you Rs. 5,100 in value.
Travel and Lounge Benefits
As a premium travel card, airport comfort is a priority. The card provides 8 complimentary domestic airport lounge visits. You also get 1 complimentary international airport lounge access annually.
Beyond standard lounge access, you receive a complimentary Dreamfolks membership (the Rs. 99 annual fee is waived). Through this membership, you get 1 international lounge access and 1 spa session per year at select airports in India. If you travel internationally, you also get a complimentary 10-day Airtel international roaming pack when you book international flights or hotels on MakeMyTrip using this card, saving you thousands on roaming charges.
Railway Lounge Benefits
If you prefer train travel, this card covers that too. You get 1 complimentary railway lounge access per quarter at participating lounges in India. That means 4 free visits a year to relax before your train journey.
Fuel Surcharge Waiver
While you don't earn reward points on fuel, you do get a 1% fuel surcharge waiver. This applies to fuel transactions between Rs. 400 and Rs. 4,000 at HPCL fuel stations, provided the payment is made on ICICI Bank POS machines.
For example, if you fill petrol worth Rs. 2,000, the typical Rs. 20 surcharge is waived. It is a small but steady saving if HPCL is your preferred pump.
View FAQ
Commonly Asked Questions
How do I qualify for the welcome bonus?
You qualify for the welcome benefits by successfully paying the one-time joining fee of Rs. 2,500. The benefits are credited after this payment is processed.
When will I receive the welcome benefit after card activation?
Your welcome benefits, including the My Cash and holiday voucher, are typically credited within 45 days of the joining fee payment.
What is the total value of the welcome benefit?
The tangible value is Rs. 4,000, which includes 1,500 My Cash (worth Rs. 1,500) and a holiday voucher worth Rs. 2,500. You also get MMTBLACK Platinum membership, which offers its own ongoing perks.
Can I renew the MMTBLACK membership for free next year?
MMTBLACK Platinum membership renews based on your annual spending on MakeMyTrip, with the tier typically maintained if you spend over Rs. 5,00,000 within the membership year.
What is the standard reward rate on this card?
For regular domestic spends outside MakeMyTrip, you earn 1.25 My Cash per Rs. 200 spent. This translates to an effective reward rate of 0.625% on your general everyday spending.
How many reward points do I earn per Rs. 200 spent on travel?
You earn up to 4 My Cash per Rs. 200 on MakeMyTrip hotel and holiday bookings, and 2 My Cash per Rs. 200 on MakeMyTrip flight bookings.
What is the value of 1 reward point in rupees?
The value is incredibly simple: 1 My Cash is exactly equal to Rs. 1 when used on the MakeMyTrip platform.
Are there any bonus reward points for annual spending milestones?
Yes, you receive 1,100 bonus My Cash when your annual spends reach Rs. 2.5 lakh, and an additional 4,000 My Cash when your spends reach Rs. 5 lakh in a year.
Which transactions are excluded from earning reward points?
You will not earn points on cash advances, fuel spends, service charges, interest, late payment charges, EMI transactions, balance transfers, wallet loads, rent payments, government-related payments, and education spends.
Do I earn points on fuel purchases?
No, fuel transactions are explicitly excluded from earning My Cash rewards on this card.
Do I earn points on rent payments?
No, rent payments are excluded from reward earning and also attract a 1% processing fee.
Do I earn points on education or school fees?
No, educational spends are excluded from accumulating My Cash rewards.
How can I redeem my reward points?
You can redeem your My Cash directly on the MakeMyTrip website or app for flights, hotels, buses, cabs, and holidays by selecting the My Cash option at checkout.
Can I convert My Cash into actual bank cash?
No, direct cash conversion to your bank account or statement credit is not available. My Cash must be used on the MakeMyTrip platform or for partner vouchers.
Is there a fee for redeeming my reward points?
Yes, a reward redemption handling fee of Rs. 99 plus applicable GST is charged per redemption request by the bank.
Do my reward points expire?
My Cash earned on this card is valid for 1 year from the date of credit, after which unused points expire.
How many domestic lounge visits do I get?
You are entitled to 8 complimentary domestic airport lounge accesses, provided you spend a minimum of Rs. 35,000 in the previous calendar quarter.
Does the card offer international lounge access?
Yes, you get 1 complimentary international airport lounge access annually, plus 1 international lounge access through the Dreamfolks membership.
What is the Dreamfolks membership benefit?
You get a complimentary Dreamfolks membership with the annual fee waived, which provides 1 international lounge access and 1 airport spa session per year in India.
How do I get the free international roaming pack?
You receive a complimentary 10-day Airtel international roaming pack when you use your card to book an international flight or hotel on MakeMyTrip.
Do I get railway lounge access with this card?
Yes, you receive 1 complimentary railway lounge access per quarter at participating railway stations across India.
How many total railway lounge visits do I get in a year?
Since you get 1 visit per quarter, you are entitled to a total of 4 complimentary railway lounge visits annually.
Are there any spend conditions for railway lounge access?
Railway lounge access is provided as a core benefit and currently does not require a minimum quarterly spend to unlock.
Which railway lounges can I access?
Access is valid at participating railway lounges including major stations like New Delhi, Jaipur, Ahmedabad, Agra, and Madurai.
Does this card offer a fuel surcharge waiver?
Yes, you get a 1% fuel surcharge waiver on eligible fuel transactions.
What is the minimum transaction amount for the fuel waiver?
Your fuel transaction must be at least Rs. 400 to qualify for the surcharge waiver.
What is the maximum transaction limit for the fuel waiver?
The waiver applies to transactions up to a maximum of Rs. 4,000.
Can I get the waiver at any petrol pump?
No, the waiver is specifically available at HPCL fuel stations and the payment must be processed on ICICI Bank POS machines.
Milestone Benefits
1100 reward points(Worth ~ ₹0)
Spend ₹2,50,000 in 365 days
4000 reward points(Worth ~ ₹0)
Spend ₹5,00,000 in 365 days
How to Redeem Rewards & Cashback?
Rewards Conversion Rate
1 MyCash = ₹1.00
Redemption Options
- Use myCash (1 myCash = ₹1.00) on MakeMyTrip for flights, hotels, buses, cabs, and holidays.
- Select myCash at checkout on the website/app.
- Redeem for partner vouchers and lounge access.
- No direct cash conversion available.
To check redemption catalogue
Redeeming the rewards earned on this card is an incredibly straightforward process, mostly because ther...
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Redeeming the rewards earned on this card is an incredibly straightforward process, mostly because ther...
Redeeming the rewards earned on this card is an incredibly straightforward process, mostly because there is no complex math involved. The rewards you earn are accumulated as "My Cash."
The conversion rate is fixed: 1 My Cash = Rs. 1. There is no direct cash conversion to your bank account available. Instead, the ecosystem is built around the MakeMyTrip platform. To redeem, log in to your MakeMyTrip account via the app or website. When booking flights, hotels, buses, cabs, or holiday packages, you simply select the "My Cash" option at the checkout page to apply your balance against the booking cost.
For example, if you have accumulated 3,500 My Cash and you are booking a flight ticket that costs Rs. 5,000. You select My Cash at checkout, which instantly deducts Rs. 3,500 from your total. You only pay the remaining Rs. 1,500 using your card. Aside from MakeMyTrip bookings, you can also redeem My Cash for partner vouchers and lounge access.
Keep in mind that the bank charges a reward redemption handling fee of Rs. 99 plus applicable GST for every redemption request you make.
View FAQ
Commonly Asked Questions
How do I redeem the My Cash I have earned?
You redeem My Cash directly on the MakeMyTrip app or website by selecting the My Cash option at checkout when booking travel services.
Is cashback credited automatically to my card statement?
No, this card does not give statement cashback. Rewards are credited as My Cash to your linked MakeMyTrip account.
What can I redeem my reward points for?
You can use My Cash for flights, hotels, buses, cabs, and holidays on MakeMyTrip, or redeem them for partner vouchers and lounge access.
What is the exact value I get when I redeem points?
The value is 1 My Cash = Rs. 1. If you use 1,000 My Cash at checkout, your booking cost drops by exactly Rs. 1,000.
Is there a fee for redeeming my rewards?
Yes, a reward redemption handling fee of Rs. 99 plus applicable GST is charged by the bank per redemption request.
Can I transfer my My Cash to my bank account?
No, there is no direct cash conversion available. The value must be utilized within the MakeMyTrip ecosystem or via their partner vouchers.
Do my My Cash points expire?
My Cash points are valid for 12 months from the date they are credited to your MakeMyTrip account.
Bank Exclusions
You will not earn points / cashback on spends in the following categories
For Points / Cashback Earnings
Cash Advances
Fuel
Insurance
Wallet Load
EMI Transactions
Government Spends
For Spends Waiver
Cash Advances
Fuel
Insurance
Wallet Load
EMI Transactions
Government Spends
To maximize the value of your MakeMyTrip ICICI Bank Signature Credit Card, you need to know which trans...
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To maximize the value of your MakeMyTrip ICICI Bank Signature Credit Card, you need to know which trans...
To maximize the value of your MakeMyTrip ICICI Bank Signature Credit Card, you need to know which transactions will not earn any My Cash points. The bank has a strict list of exclusions where reward accumulation is blocked.
You will not earn any rewards on Cash Advances, Fuel Spends, Service Charges & Interest, Late Payment Charges, EMI Transactions, Balance Transfers, All Reversals, Wallet Loads, Rent Spends, Government-Related Payments, and Education Spends.
To put this in perspective: If you pay a Rs. 25,000 school fee for your child or a Rs. 20,000 rent payment through a third-party app, you might expect to earn regular domestic points. However, because education and rent are on the exclusion list, you will earn zero My Cash for those transactions. Furthermore, paying rent with this card actually costs you money, as the bank charges a 1% fee on rent payment transactions.
View FAQ
Commonly Asked Questions
Which transactions do not earn rewards on this card?
Exclusions include fuel, cash advances, EMI transactions, balance transfers, wallet loads, rent, government payments, education spends, and bank charges like interest or late fees.
Are fuel transactions excluded from earning rewards?
Yes, fuel spends are completely excluded from earning My Cash points.
Does paying rent with this card earn reward points?
No, rent payments do not earn any rewards, and they also attract a 1% transaction fee from the bank.
Do wallet top-ups earn rewards on this card?
No, loading money into digital wallets (like Paytm or Amazon Pay) is excluded from reward earning.
Are education or school fee payments excluded from earning rewards?
Yes, education spends are categorized as exclusions and will not accumulate any My Cash points.
Do EMI transactions earn regular reward points?
No, if you convert a large purchase into EMIs, that transaction is excluded from earning standard reward points.
What happens if I accidentally make a payment in an excluded category?
The transaction will go through successfully and reflect on your bill, but you simply will not receive any My Cash points for that specific spend amount.
Bank Fee Structure
| Structure | Details |
|---|---|
Forex Markups  3.5% forex markup is charged on transactions made in currencies other than INR. Applies to international POS payments and online purchases charged in foreign currency | 3.50% |
APR Fees Finance charges of 3.75% per month (45% per annum) apply on unpaid outstanding balances until the amount is fully repaid | 3.75% |
ATM withdrawal 2.50% of the withdrawn amount is charged on cash advances using the credit card (minimum ₹500, if applicable) | 2.50% |
Reward Redemption Fees A reward redemption handling fee of ₹99 plus applicable GST is charged per redemption request | ₹99 |
Link for all T&Cs | Click Here |
Railway Surcharge A railway booking surcharge of 1.80% for online transactions and 2.50% for other bookings is applied, with additional bank charges and taxes recovered at actuals | 1.80% |
Rent Payment Fees 1% of the transaction amount is charged as a fee on rent payment transactions, subject to applicable GST and platform charges | 1% |
cheque Payment Fees 2% of the total amount is charged for cheque return fee | 2% |
Cash Payment Fees A fee of ₹100 + GST is charged for payments made by depositing cash | ₹100 |
| Late Payment Fees | Amount Due |
|---|---|
| ₹0 - 100 | ₹0 |
| - ₹100 | ₹100 |
| ₹101 - ₹500 | ₹500 |
| ₹501 - ₹1000 | ₹600 |
| ₹1001 - ₹5000 | ₹750 |
| ₹5001 - ₹10000 | ₹900 |
| ₹10001 - ₹25000 | ₹1100 |
| ₹25001 - ₹50000 | ₹1300 |
| ₹50000 and above |
Understanding the complete fee structure of the MakeMyTrip ICICI Bank Signature Credit Card is vital be...
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Understanding the complete fee structure of the MakeMyTrip ICICI Bank Signature Credit Card is vital be...
Understanding the complete fee structure of the MakeMyTrip ICICI Bank Signature Credit Card is vital before applying. While it shines with its zero annual fee, other standard credit card charges like interest rates, forex markups, and late fees apply just like any other bank product.
Joining Fee: A one-time joining fee is charged at the time of card issuance as per the bank's policy. The fee is Rs. 2,500 plus GST. However, this is effectively offset with 1,500 MyCash, a Rs. 2,500 Holiday Voucher, and MMTBLACK Membership.
Annual or Renewal Fee: The annual fee is charged every year, but for this specific card, the amount is Rs. 0. Because the fee is zero, waiver conditions are N/A. You can hold this card from the second year onwards without worrying about hitting minimum spend targets to waive a fee.
APR or Interest Rate: The bank charges a 3.6% monthly fee (which translates to up to 43.2% annually) if you fail to pay your statement balance in full by the due date. For example, if you carry forward an unpaid balance of Rs. 10,000, you will be hit with roughly Rs. 360 in interest charges for just one month, plus applicable GST.
Late Payment Charges: If you miss your minimum payment due date, a fine is levied based on your outstanding balance. For balances Rs. 0-500, the fee is Rs. 0. Balances Rs. 501-1000 incur Rs. 100; Rs. 1001-5000 incurs Rs. 500; Rs. 5001-10000 incurs Rs. 600; Rs. 10000-25000 incurs Rs. 750; Rs. 25001-50000 incurs Rs. 900; and anything above Rs. 50000 incurs Rs. 1100 to Rs. 1300. So, missing a payment on a Rs. 3,000 bill will cost you a flat Rs. 500 late fee.
Foreign Transaction or Forex Markup Fee: A 3.5% forex markup is charged on transactions made in currencies other than INR. If you spend USD 100 on an international website (roughly Rs. 8,300), the bank adds a 3.5% fee, meaning you pay an extra Rs. 290 just for the currency conversion.
ATM Cash Withdrawal Fee: 2.5% of the withdrawn amount is charged on cash advances using the credit card, subject to a minimum of Rs. 500. If you withdraw Rs. 10,000 from an ATM, you will be charged a Rs. 250 fee instantly, and steep interest will start accruing from day one.
Rent Payment Convenience Fee: 1% of the transaction amount is charged as a fee on rent payment transactions, subject to applicable GST. If you use this card to pay Rs. 20,000 in rent, you will be charged an extra Rs. 200 fee, making it an expensive way to pay rent since rent spends also earn zero rewards.
Railway Surcharge: A surcharge of 1% is applied to transactions made for booking railway tickets. Additionally, Rs. 10 is charged per transaction for bookings via IRCTC.
Cash Payment Fee: Rs. 100 plus taxes will be charged for all payments done via Cash at a bank branch. To avoid this, always pay your credit card bill online.
Cheque Payment Fee: A fee is charged for paying your bill via cheque. It costs Rs. 25 for payments up to Rs. 5,000, and Rs. 50 for payments above Rs. 5,000.
Reward Redemption Fee: A reward redemption handling fee of Rs. 99 plus applicable GST is charged per redemption request. If you redeem Rs. 500 worth of My Cash, losing Rs. 99 to a fee eats up nearly 20% of your reward value, so it is better to accumulate and redeem in larger chunks.
| Fee Type | Amount / Rate |
|---|---|
| Joining Fee | Rs. 2,500 (Offset by Welcome Benefits) |
| Annual Fee | Rs. 0 |
| Interest Rate (APR) | 3.6% per month (up to 43.2% annually) |
| Forex Markup | 3.5% |
| Cash Withdrawal | 2.5% of amount (Min Rs. 500) |
| Rent Payment Fee | 1% of transaction amount |
| Reward Redemption Fee | Rs. 99 + GST per request |
| Late Payment Fee | Up to Rs. 1,300 based on outstanding balance |
View FAQ
Commonly Asked Questions
What are the joining fees for this card?
The joining fee is Rs. 2,500 plus GST, which is charged once when the card is issued.
What is the annual or renewal fee?
The annual renewal fee is Rs. 0 from the second year onwards.
Is there an annual fee waiver based on spending?
Since the annual fee is already Rs. 0, there is no spending target required to waive it.
How can I get this card lifetime free?
You pay the joining fee once, but because the renewal fee is Rs. 0, it operates as lifetime free from year two.
What is the interest rate (APR) if I don't pay my full balance?
The bank charges an interest rate of 3.6% per month, which can amount to 43.2% annually.
How is the interest calculated on outstanding balances?
If you fail to pay your statement in due time, interest starts accruing daily on your unpaid balance until it is cleared. For example, Rs. 10,000 unpaid accrues about Rs. 360 in a month.
What are the late payment charges?
Late fees range from Rs. 0 to Rs. 1,300. For instance, an outstanding balance between Rs. 1,001 and Rs. 5,000 incurs a Rs. 500 penalty.
Is the late payment fee different based on outstanding amount?
Yes, the fee increases in slabs based on how much you owe, starting at Rs. 100 for small balances and capping at Rs. 1,300 for balances over Rs. 50,000.
What is the forex markup for international transactions?
A 3.5% markup is applied to all transactions processed in foreign currencies. For a Rs. 10,000 foreign spend, the fee is Rs. 350.
Can I withdraw cash using my credit card?
Yes, but it is expensive. A fee of 2.5% of the withdrawn amount (minimum Rs. 500) applies immediately.
What happens if I spend more than my credit limit?
The bank charges an over-limit fee of 2.5% of the over-limit amount, with a minimum charge of Rs. 500.
Are there fees for paying rent with this card?
Yes, a 1% convenience fee is charged on the total rent transaction amount.
Is there a fee for paying my bill in cash?
Yes, paying your credit card bill with physical cash at a branch incurs a Rs. 100 fee.
What are the charges for cheque payment of bills?
A fee of Rs. 25 applies for cheque payments up to Rs. 5,000, and Rs. 50 for payments above that.
Is there a fee to redeem my reward points?
Yes, every time you request a reward redemption, a fee of Rs. 99 plus GST is deducted.
Documents Required
To process your application smoothly, you must provide proof of identity, address, and income. Having these ready prevents unnecessary delays.
You need your PAN Card as the primary identity document. For address proof, an Aadhaar Card, Passport, or Voter ID is acceptable. To prove your income, salaried employees should provide their latest two months' salary slips and the last three months' bank statements showing salary credits. Self-employed applicants must submit their latest Income Tax Return (ITR) computation along with business continuation proof.
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Commonly Asked Questions
What identity documents do I need to apply?
You will need your PAN card and Aadhaar card for basic identity and address verification.
What income proof is required for salaried employees?
Salaried applicants typically need to provide their latest 2-3 months' salary slips and bank statements showing salary credits.
What income proof is needed for self-employed individuals?
Self-employed professionals must provide their latest Income Tax Returns (ITR) computation along with business financials if required.
Do I need physical copies of my documents?
If you opt for Video KYC, you only need to show your original physical PAN card on camera. Physical photocopies are only needed if offline verification is required.
Can I use my passport as address proof?
Yes, a valid passport is generally accepted as valid address proof if your Aadhaar address is not current.
What if my current address is different from my Aadhaar address?
Provide an alternative address proof such as a utility bill, rent agreement, or bank statement from the last 3 months to verify your current residence.
Who Should Get This Card?
The Loyal MakeMyTrip User: If MakeMyTrip is already an app on your phone's home screen and you use it for flights, hotels, and holiday packages, this card is a no-brainer. You earn direct, easy-to-use rewards right where you shop.
The Fee-Averse Traveler: Premium travel cards usually come with hefty annual fees (Rs. 2,500 to Rs. 5,000) that you have to pay every year. This card gives you lounge access and solid rewards with a Rs. 0 annual fee from year two. Pay once, benefit forever.
Who should NOT get this card: If you prefer booking directly with airlines to get miles, or if your primary spends are on offline retail, dining, and groceries, this card won't serve you well. The non-travel reward rate (1.25 points per Rs. 200) is too low for general daily use.
Credit Limit and What to Expect
Your credit limit is determined by the bank based on several factors including your declared income, existing debt obligations, and your CRIF credit score. Since this is a premium "Signature" tier card with a minimum income requirement of Rs. 9 lakh, you can generally expect a healthy starting limit.
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Commonly Asked Questions
What starting credit limit will I get?
Credit limits for this card typically range from Rs. 2,00,000 to Rs. 5,00,000 based on your income profile and credit history.
Can I request a higher limit immediately?
Usually, banks require you to use the card responsibly for at least 6 months before entertaining credit limit increase requests.
Will my limit increase automatically over time?
Yes, if you pay your bills on time and utilize a moderate portion of your limit, the bank may periodically offer automatic limit enhancements.
What happens if I spend over my limit?
Over-limit transactions are generally declined, or if approved, they attract an over-limit fee of 2.5% of the over-limit amount, subject to a minimum of Rs. 500.
Is the credit limit shared with my other ICICI cards?
If you hold multiple ICICI Bank credit cards, the overall credit limit is typically shared across all cards.
Can I set my own transaction limits?
Yes, via the ICICI Bank iMobile app, you can easily set and modify transaction limits for online, POS, and international spends.
How to Apply?
Applying for the MakeMyTrip ICICI Bank Signature Credit Card is a quick digital process.
You can start the application on the ICICI Bank website or partner platforms. You will need to fill in basic details like your PAN, Aadhaar number, employment details, and income information. Once the initial details are submitted, the bank will check your credit profile.
If eligible, you will proceed to Video KYC (VKYC). This is a crucial step where a bank executive verifies your identity over a video call. Ensure you are well-lit, have a stable internet connection, and have your original PAN card handy.
View FAQ
Commonly Asked Questions
Where can I apply for this credit card?
You can apply online through the official ICICI Bank website, via the MakeMyTrip app, or through verified partner platforms.
What is Video KYC and is it mandatory?
Video KYC is a digital verification process. While not strictly mandatory if you prefer a physical visit, completing it online is the fastest way to get your application approved.
What do I need for a successful Video KYC call?
Keep your original physical PAN card ready, ensure you have a blank piece of paper and a pen for a signature capture, and sit in a well-lit room with good internet.
How can I track my application status?
You can track your status using the Application ID provided after submission on the ICICI Bank tracking portal.
How long does the approval process take?
If your Video KYC is successful and your credit profile is strong, approval can happen within a few working days.
Can I apply for this card completely online?
Yes, the entire process from application form to final verification via Video KYC can be completed online without visiting a branch.
That’s the full story of this credit card
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Top Benefits
Top Benefits
Earn up to 4 myCash per ₹200 on MakeMyTrip
hotel and holiday bookings and 2 myCash per ₹200 on flight bookings via MakeMyTrip, redeemable at 1 myCash = ₹1
Get up to 8 Complimentary Domestic Airport Lounge
visits per year available each quarter on spending ₹75,000 or more on the card in the preceding calendar quarter
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