ICICI Bank Credit Cards

ICICI Bank, one of India's leading private sector banks, has announced significant changes to its credit card fee structure, bringing cheers to its vast customer base. The revisions, set to be effective from 1 July 2024-

1. No Charge for Charge Slip Requests: The Rs 100 fee for charge slip requests has been eliminated.
2. Removal of Cheque/Cash Pickup Fee: Previously a Rs 100 fee, this charge for cheque or cash pickup service has been scrapped.
3. Dial-a-Draft Service Fee Waived: The bank removes the 3% charge or up to Rs 300 for the Dial-a-Draft service.
4. No Processing Fees for Outstation Cheques: Charges of 1% or up to Rs 100 for processing outstation cheques are discontinued.
5. Free Duplicate Bank Statements: The Rs 100 fee for issuing duplicate bank statements for periods up to three months has been removed.
6. Standard Card Replacement Fee: A new, standardized card replacement fee of Rs 200 is introduced.
7. Changes in Amazon Pay ICICI Credit Card Rewards: Effective from 18 June, rent payments through the card will not earn reward points; however, the 1% discount on fuel surcharge remains unaffected.
8. Specification on Reward Points Accumulation: Reward points will not be earned on EMI transactions and gold purchases.

ICICI Bank's updated fee structure and rewards program reflect a shift towards more customer-friendly practices aimed at enhancing the banking experience for its credit card users.

ICICI Bank and Adani One have partnered to launch co-branded credit cards, marking Adani Group's entry into the retail financial sector. The cards, available in two variants, Adani One ICICI Bank Signature Credit Card and Adani One ICICI Bank Platinum Credit Card, offer travel benefits and rewards programs and aim to enhance the cardholder's lifestyle.

Here are some of the key features:

1. Key benefits of the Adani One ICICI Signature Credit Card: 

• 7% Reward points on the Adani One ecosystem
• Earn 1.5% as Adani Reward points on other domestic spend categories (excluding fuel and rent payments)
• Earn 2% as Adani Reward points on the international spend category
• Earn 0.5% as Adani Reward points on utility and insurance spend
• Enjoy 2 Meet and Greet services per year (1 on card activation and second on Rs 3 lakh spent)
• Enjoy 4 premium lounge upgrades every quarter
• Avail 4 valet parking every year
• Avail 4 premium car parking every year on card activation
• Avail 8 porter services every year

2. Key benefits of the Adani One Platinum Credit Card

• Welcome vouchers worth Rs 5000 on card activation
• 3% Reward points on the Adani One ecosystem
• Exclusive benefits of 4 Porter and 2 premium Car parking services per year at Adani-managed airports
• 8 Domestic lounge access and premium upgrades at Adani-managed airports
• Buy one ticket and get 25% off up to Rs 100 on the second ticket twice every month through BookMyShow
• Earn 1% as Adani Reward points on all other domestic spending categories (excluding fuel and rent payments)
• Earn 1.5% as Adani Reward points on the international spending category
• Earn 0.5% as Adani Reward points on utility and insurance spend
• Enjoy 2 complimentary domestic lounge accesses per quarter after card activation
• Avail 1% fuel surcharge waiver on all fuel transactions of up to Rs 4,000 at any fuel outlet

ICICI Bank intends to change the benefits of airport lounge access linked to a few of its credit cards starting on 1 April 2024. "Starting 1 April 2024, you can enjoy one complimentary airport lounge access by spending Rs. 35,000 in the preceding calendar quarter," according to the website of ICICI Bank. Access for the next calendar quarter will be provided in accordance with the amount paid during the preceding quarter. Spending at least Rs. 35,000 in the January, February, and March 2024 quarters, as well as the following quarters, will get you complimentary lounge access for the months of April, May, and June 2024.

Cybernews research team recently uncovered a data breach of over 3.6 million credit card users of ICICI Bank. The data was found misconfigured and publicly accessible on a cloud storage platform named Digital Ocean.

ICICI has been constantly denying any claims made in regards to said data breach, but based on reports, customers’ bank account details, credit card numbers, full names, dates of birth, home addresses, phone numbers, and emails have been compromised.