Amazon Pay ICICI Bank Credit Card - Benefits Dec 2023 (2024)

Amazon Pay ICICI Bank Credit Card - Benefits Dec 2023

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Highlights

  • Earn 5% cashback on all Amazon purchases
  • Purchase products with equal monthly installments without interest

What if we were to reveal that you could effortlessly earn reward points with every payment you make? Believe it or not, ICICI Bank Credit Card has launched an innovative credit card in partnership with Amazon. in, presenting a diverse range of advantages tailored to both avid online shoppers and individuals seeking seamless, budget-friendly financial solutions. At the forefront of these offerings stands the Amazon Pay ICICI Bank Credit Card, widely regarded as the bank’s premier reward credit card. Beyond the absence of a joining fee and the provision of no-cost EMIs, this card further boasts the remarkable feature of non-expiry on accumulated reward points. But there’s more. Let’s explore the multitude of benefits awaiting you below.

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Terms and Conditions

By accepting our "Terms and Conditions" you authorize WIshfin and its associated Partner Banks to run a CIBIL/Experian check for your profile

To,TransUnion CIBIL Limited[Formerly known as Credit Information Bureau (India) Limited]One Indiabulls building ,Unit No 1901 – 1905,19th Floor, Tower 2A-2B, Jupiter Mill compound,Senapati Bapat Marg, Lower Parel, Mumbai 400 013

Sub: Grant of Consent

Dear Sirs,

In connection with submission of the application for my credit information offered by CIBIL (“Consumer Credit Information”) through Wishfin and delivery of the Consumer Credit Information to the Company, I hereby acknowledge and agree to the following:

  1. The Company is my lawfully appointed agent and he / it has agreed to be my agent for the purposes, including, without limitation, to receive the Consumer Credit Information from TUCL on my behalf and use it in the manner consistent with the Agreement entered into between the Company and TUCL, and the Company has granted its consent for being appointed for the aforesaid purpose.
  2. I grant my unconditional consent to the Company to receive the Consumer Credit Information from TUCL on my behalf and use it in the manner consistent with the consistent with the Agreement entered into between the Company and TUCL, as the case may be, and the Company has granted its consent for being appointed for the aforesaid purpose. I hereby represent and acknowledge that: (a) I have carefully read the terms and conditions of the Agreement entered into between the Company and TUCL understood the same; or (b) the Terms of Understanding in relation to the use of the Consumer Credit Information has been agreed between me and the Company.
  3. I hereby expressly grant unconditional consent to, and direct, TUCL to deliver and / or transfer my Consumer Credit Information to the Company on my behalf.
  4. I shall not hold TUCL responsible or liable for any loss, claim, liability, or damage of any kind resulting from, arising out of, or in any way related to: (a) delivery of my Consumer Credit Information to the Company ; (b) any use, modification or disclosure by the Company of the contents, in whole or in part, of my Consumer Credit Information , whether authorized or not; (c) any breach of confidentiality or privacy in relation to delivery of my Consumer Credit Information to the Company ; (d) for any use made by the Company which is contrary to the Agreement entered into between the Company and TUCL.
  5. I acknowledge and accept that: (a) TUCL has not made any promises or representations to me in order to induce me to provide my Consumer Credit Information or seek any consent or authorization in this regard; and (b) the implementation of the Agreement between TUCL and the Company is solely the responsibility of the Company
  6. I agree that I may be required to record my consent / provide instructions electronically and in all such cases I understand that by clicking on the "I Accept" button below, I am providing "written instructions" to Wishfin authorizing Wishfin to obtain my Consumer Credit Information from my personal credit profile from TransUnion CIBIL LIMITED, [formerly known as Credit Information Bureau (India) Limited]]. I further authorize Wishfin to obtain such information solely to confirm my identity and display my Consumer Credit Information to me. Further in all such cases “By checking this box and clicking on the ‘Authorize button, I agree to the terms and conditions, acknowledge receipt of TUCL privacy policy and agree to its terms, and confirm my authorization for Wishfin to obtain my Consumer Credit Information .
  7. I understand that in order to deliver the product to me, I hereby authorize Wishfin, to obtain my Consumer Credit Information from TUCL.
  8. By submitting this registration form, I understand that I am providing express written instructions for Wishfin to request and receive information about me from third parties, including but not limited to a copy of my consumer credit report and score from consumer reporting agencies, at any time for so long as I have an active Wishfin account. I further authorize Wishfin to retain a copy of my information for use in accordance with [Wishfin’s] Terms of Use and Privacy Policy.
  9. I UNDERSTAND THAT THE PRODUCT IS PROVIDED ON AN “AS-IS”, “AS AVAILABLE” BASIS AND TUCL EXPRESSLY DISCLAIMS ALL WARRANTIES, INCLUDING THE WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT.
  10. I shall not sue or otherwise make or present any demand or claim, and I irrevocably, unconditionally and entirely release, waive and forever discharge TUCL , its officers, directors, employees, agents, licensees, affiliates, successors and assigns, jointly and individually (hereinafter “Releasee”), from any and all manner of liabilities, claims, demands, losses, claims, suits, costs and expenses (including court costs and reasonable attorney fees) (“Losses”), whatsoever, in law or equity, whether known or unknown, which I ever had, now have, or in the future may have against the Releasee with respect to the submission of my Consumer Credit Information and / or my decision to provide TUCL L with the authority to deliver my Consumer Credit Information to the Wishfin . I agree to defend, indemnify, and hold harmless the Releasee from and against any and all Losses resulting from claims made against TUCL L by third parties arising from and in connection with this letter.
  11. I agree that the terms of this confirmation letter shall be governed by the laws of India and shall be subject to the exclusive jurisdiction of the courts located in Mumbai in regard to any dispute arising hereof. TUCL is entitled to assign its rights hereunder to any third person without taking my prior written consent.

Yours faithfully,

Name :____________________________Address : ____________________________Date : ____________________________

Benefits of the Amazon Pay ICICI Bank Credit Card

Below we’ve have listed the benefits you can avail of Amazon Pay ICICI Card:-

BenefitDescription
No feesNo annual fee or joining fee
Amazon cashbackEarn 5% for Prime members, 3% for non-Prime members on Amazon purchases
Partner cashbackGet 2% cashback on Amazon Pay partner merchant purchases
Widespread cashbackEarn 1% cashback on all other purchases
Reward flexibilityRedeem rewards for purchases on Amazon and over 100 merchant partners
Taxes made easyPay direct tax, service tax, excise duty, and GST online
Tax-saving insightsAccess expert advice on tax saving and investment plans

Redemption Options

To utilize your Amazon Pay ICICI Bank credit card points, follow the steps provided:

  • Access the Amazon Pay website or launch the Amazon Pay app
  • Log in to your account
  • Click the ‘Your Account’ link at the page’s top
  • Select the ‘Your Account’ icon within the app
  • Choose the ‘Credit/Debit Cards’ tab
  • Click on the ‘Redeem’ button
  • Choose your desired reward
  • Confirm your redemption

Keep in mind that the redemption process might differ depending on your location and other variables. For more comprehensive guidelines on redeeming your points, refer to the Amazon Pay website or reach out to their customer service department.

Note: Each Amazon Pay reward point is equivalent to 1 Indian rupee (INR). Earned reward points are automatically credited to your Amazon Pay balance. You can use your reward points to make purchases on Amazon.in and at select Amazon Pay partner merchants.

What is No-Cost EMI?

No-cost EMI is a financing option that allows you to purchase products without having to pay any interest. This is because you are paying the product price in equal installments over a specified period of time, rather than all at once.

How does No-Cost EMI work with the Amazon Pay ICICI Bank Credit Card?

If you have this ICICI Bank Credit Card, you can use this card to purchase products on Amazon.in and select the No-Cost EMI option at checkout. You will then be required to make equal monthly payments over a period of 3 or 6 months.

Example:

Let’s say you want to purchase a new TV that costs ₹50,000. You can use your Amazon Pay ICICI Bank Credit Card to purchase the TV and select the No-Cost EMI option at checkout. You will then be required to make equal monthly payments of ₹8,333 over a period of 6 months.

Benefits of No-Cost EMI:

  • No interest charges
  • Flexible payment options
  • Ability to purchase high-priced items without having to pay the full amount upfront

Eligibility for No-Cost EMI:

  • Minimum transaction amount of ₹3,000
  • Good credit history
  • Age must be between 18 and 65 years old

Terms and Conditions:

  • No-Cost EMI is available on select products only.
  • Processing fees may apply.
  • For complete terms and conditions, please visit the Amazon Pay ICICI Bank Credit Card website.

Fees & Charges – Amazon Pay Credit Card

FeeCharge
Joining feeNone
Annual feeNone
Late payment feeUp to ₹500
Cash advance fee2.5% of the transaction amount, minimum ₹500
Over-limit feeUp to ₹250
Foreign transaction fee3.99% of the transaction amount
Replacement card fee₹150

Conclusion

The Amazon Pay Card is a compelling option for those seeking a rewarding and versatile credit card. With its generous cashback rates, no fees, and a host of additional benefits, it’s an ideal choice for frequent shoppers, Amazon Prime members, and those seeking financial flexibility. Whether you’re making everyday purchases, splurging on special occasions, or planning international travel, this rewards credit card has something to offer everyone.

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    As a seasoned financial expert with a deep understanding of credit cards, personal finance, and banking products, I can provide valuable insights into the Amazon Pay ICICI Bank Credit Card and related concepts discussed in the article.

    The Amazon Pay ICICI Bank Credit Card is a co-branded credit card offered by ICICI Bank in partnership with Amazon.in. This credit card is designed to cater to both avid online shoppers and individuals seeking budget-friendly financial solutions. Now, let's delve into the key concepts mentioned in the article:

    1. Amazon Pay ICICI Bank Credit Card Benefits:

      • No Fees: The card comes with no annual fee or joining fee.
      • Amazon Cashback: Prime members can earn 5% cashback, while non-Prime members can earn 3% cashback on Amazon purchases.
      • Partner Cashback: Cardholders receive 2% cashback on purchases made at Amazon Pay partner merchants.
      • Widespread Cashback: Earn 1% cashback on all other purchases.
      • Reward Flexibility: Accumulated reward points can be redeemed for purchases on Amazon and over 100 merchant partners.
      • Tax-Saving Insights: Access expert advice on tax-saving and investment plans.
    2. Redemption Options:

      • To redeem reward points, cardholders can log in to the Amazon Pay website or app, navigate to the 'Your Account' section, select 'Credit/Debit Cards,' click on 'Redeem,' choose the desired reward, and confirm the redemption.
    3. No-Cost EMI (Equated Monthly Installments):

      • No-Cost EMI is a financing option that allows users to make purchases without paying any interest.
      • Cardholders can use the Amazon Pay ICICI Bank Credit Card to avail of No-Cost EMI on Amazon.in for eligible products.
      • The example provided explains how the No-Cost EMI works for a specific purchase, spreading the cost over 3 or 6 months.
    4. Fees & Charges:

      • The article outlines various fees associated with the Amazon Pay ICICI Bank Credit Card, including no joining fee or annual fee, late payment fee, cash advance fee, over-limit fee, and foreign transaction fee.
    5. Conclusion:

      • The Amazon Pay ICICI Bank Credit Card is recommended for its cashback rates, no fees, and additional benefits, making it suitable for frequent shoppers, Amazon Prime members, and those seeking financial flexibility.
    6. Credit Card Concepts and Information:

      • The article briefly touches upon general credit card concepts, such as credit card fees and charges, redemption options, and the use of credit cards for No-Cost EMI.

    In summary, the Amazon Pay ICICI Bank Credit Card offers a range of benefits, and the article provides comprehensive information on its features, fees, and redemption options, catering to individuals looking for a rewarding and versatile credit card.

    Amazon Pay ICICI Bank Credit Card - Benefits Dec 2023 (2024)
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