A Guide to Earning and Redeeming ICICI Credit Card Rewards

Rinku BhattacharjeeCredit CardLeave a Comment

A Guide to Earning and Redeeming ICICI Credit Card Rewards

Want to know how you can earn and redeem ICICI credit card rewards? When applying for a new credit card, you need to consider several factors, one of which is the rewards programme. ICICI, the Indian multinational bank, offers a range of credit cards, each with some unique features to meet the needs of its target audience. If you are planning to get an ICICI credit card, you need to compare the various options based on factors such as features, APR and rewards programme. On the other hand, if you have already received your credit card, you should find out how to take full advantage of it by earning and redeeming reward points.

What you need to know before you can redeem ICICI credit card rewards

ICICI bank, the renowned financial services company, has an excellent rewards programme in place. It allows you to earn attractive points just for using your card for various purchases. The bank offers both corporate and personal credit cards, and both are part of the rewards programme. Currently, ICICI cards can be part of either the Handpicked Rewards programme or Payback Rewards programme. Each card and reward programme offers some unique benefits. The earn rate of points may also vary from one card and reward programme to another. Here are some of the popular ICICI credit cards that are eligible for the rewards programme:

  • ICICI Bank Coral AmEx Credit Card
  • ICICI Bank BigBazaar PLC, Gold and Silver Credit Cards
  • e-BOR Preferred Gold plus Silver Credit Card
  • Foreign National Platinum Credit Card
  • Gold Next Credit Card
  • Easy Deposit Preferred Gold Credit Card
  • Virtual Credit Card

Handpicked Rewards and Payback Rewards – a brief explanation

As mentioned above, every card and each reward programme comes with some unique features and benefits. If you are planning to choose a card based on the perks it offers, you need to learn about the reward programmes and the cards that are eligible for it. Here is a quick glimpse of the two reward programmes offered by ICICI credit cards.

Handpicked rewards programme:

This rewards programme provides you with select redemption options. You can use the points earned through this reward programme to enrich your premium credit card membership experience. You can earn points for every purchase you make with your credit card. Choosing the right ICICI credit card will also help you to earn as many reward points as possible. Since the reward points have an expiry date, you need to use your points within that deadline or they will become invalid. The cards that are eligible for this programme are:

  • Sapphiro Visa Credit Card
  • Visa Signature Credit Card
  • RubyX Visa Credit Card
  • Ascent American Express Credit Card
  • Platinum Identity Credit Card
  • Platinum Credit Card
  • Corporate Platinum Credit Card
  • Limited Edition Credit Card

Payback rewards programme:

Through this rewards programme, you can earn the best multi-brand reward points. If you have just one ICICI credit card, you can use it for all your purchases. In turn, you will earn a huge number of points. You can use your card to shop at any store from Brand Factory and BigBazaar to Food Bazaar and Central Ezone to earn these reward points. Some of the cards that are eligible for this rewards programme are:

How to earn reward points using your ICICI credit card?

You can earn reward points just for using your credit card. However, you can earn a lot more points by making strategic purchases with your credit card. Here are some of the best ways to earn points:

Regular shopping: You can buy groceries, clothes and other everyday items from any of the retail stores or online shopping portals to earn points.

High-value purchase: You can earn a high number of points by using your ICICI credit card for large transactions such as buying jewellery or booking a trip.

International travel: When travelling abroad, you can use your ICICI credit card to book the flight, hotel and other necessities. This will allow you to earn a significant number of points.

Automatic bill payment: You can pay utility bills with your ICICI credit card to earn points.

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How to redeem ICICI credit card rewards?

If you have collected enough points with your ICICI credit card, it is time to use those points to purchase a range of items such as gifts, gift vouchers, clothes, accessories and much more. Here are some of the popular ways of redeeming ICICI credit card rewards:

Online:

  • You can use internet banking to redeem your ICICI credit card reward points. To do this, you need to:
  • Log into your online banking account using the correct ID and password
  • Visit the page dedicated to credit cards and select the option for “reward points”
  • Click on the option called “redeem online”
  • Go through the rewards catalogue and choose the items you want to purchase with your reward points
  • Save the unique order ID which you will receive after the end of the purchase

After placing the order, the item should your registered address within 10 business days. Once you place the order, you cannot refund or exchange it for a different reward. So, pick carefully!

Customer care:

  • If you are not as tech-savvy, you may redeem your rewards through the customer care service of ICICI bank. For this, you need to follow the steps mentioned below:
  • Call up the ICICI bank 24/7 customer care number for your city
  • Talk to the representative and tell them which items you want to purchase with your points (you need to provide the item code)
  • The representative will then give you an order ID which you must keep safe

You will get the item within about 10 business days from the day of placing the order. Once you spend your reward points, your purchase is non-refundable.

So, now that you know which ICICI credit cards are eligible for which rewards programme, you can use your credit card more wisely to earn as many points as you can!

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