CashbackICICI Bank
ICICI Amazon Pay
★★★★★3.9
Base Rate
1%
Forex Markup
3.5%
Joining Fee
FREE
Milestones
0
💳 Fee Structure
Joining FeeFree
Annual Fee₹500
Fee WaiverFree for Amazon Prime members
🧮 Reward Calculator
Monthly Spending Breakdown
₹10,000
₹0₹2,00,000
₹5,000
₹0₹2,00,000
₹15,000
₹0₹3,00,000
₹10,000
₹0₹2,00,000
Net Annual Value
+₹11,500
2.5% effective rate
After ₹500 annual fee deduction
Base Rewards
₹12,000
Forex Net
+₹0
Milestones
₹0
No milestone benefits for this card
Total Annual Spend₹4,80,000
Annual Fee Deducted-₹500
Lounge Access
Spend-Based Access
Spend ₹1,00,000/quarter to unlock
₹0₹1,00,000
Required threshold to activate lounge visits
Visits / Year
4visits
Supported Networks
Dreamfolks
Domestic Only
Additional Notes
Spend ₹1L/quarter to unlock 1 domestic lounge visit. For Visa Signature variant only.
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⚖️ Pros & Cons
✓Pros
- •5% back on Amazon for Prime members — unbeatable
- •No joining fee, ₹500 annual fee
- •2% on non-Amazon online spends
- •Cashback auto-credited as Amazon Pay balance
- •Easy approval — salary ₹25K+
✗Cons
- •Cashback locked to Amazon Pay balance
- •Only 1% on offline/general spends
- •Terrible forex markup
- •No milestone bonuses
- •Lounge access practically useless (₹1L/quarter spend needed)
Historical Changes
Track record of card modifications
Major Change
Amazon cashback capped at ₹1,500/month
Previously uncapped 5% on Amazon. Now capped at ₹1,500 cashback per month (₹30,000 spend).
Minor Change
Swiggy/Zomato excluded from 2% category
Food delivery apps moved from 2% to 1% earn rate.