Amazon Pay ICICI Bank Credit Card
The Amazon Pay ICICI card is still the most frictionless cashback card in the country and the top pick for beginners — lifetime-free, with 5% back on Amazon for Prime members (3% for non-Prime), 2% where you log in and pay with Amazon Pay at partner merchants such as BigBasket and Swiggy, and 1% on most other spends, all paid instantly as spendable Amazon Pay balance with nothing to manage. The catch in 2026 is the fine print: fuel, rent, EMIs, cash, education, tax payments, international, gold and silver earn nothing, and since 11 Oct 2025 nor do utility bills paid outside Amazon. January 2026 added transaction fees too (1% on wallet loads of ₹5,000 or more, 2% on skill-based gaming, 1% on transport transactions over ₹50,000). Still excellent — just no longer untouchable.
Key features
What this card is built to do — the highlights that actually matter.
5% on Online Shopping
5% on amazon.in for Prime members, 3% non-Prime — excludes gold coins and flight/hotel bookings made via Amazon Pay; credited as Amazon Pay balance
1% on Other
2% on Amazon Pay merchant checkout, digital categories & gift cards (Prime or not) — including utility bills paid on the Amazon platform; 1% on other spends incl insurance and non-tax government; nil on fuel, rent, EMI, cash, education, tax, gold/silver and utilities paid outside Amazon
Lifetime Free
No annual fee — ever. Keep this card long-term without any recurring cost.
Full reward structure
| Category | Type | Rate | Monthly cap |
|---|---|---|---|
| Online Shopping | cashback | 5% | — |
| Other | cashback | 1% | — |
Fees & charges
| Charge | Amount |
|---|---|
| Annual fee (incl. 18% GST) | Lifetime free |
| Joining fee (incl. 18% GST) | Free |
| Finance charge (APR) | 3.75% p.m. |
| Forex markup | 1.99% |
Should you get it?
Best for: Amazon Prime subscriber, Online grocery shopper (BigBasket), Frequent Amazon electronics buyer, First card for ICICI account holder
Entry tier — great for first-time and lower-spend users.
Strongest value if you spend heavily on Online Shopping ( 5% back).
✓ Pros
- Amazon Prime members get 5% cashback on every Amazon purchase — a ₹6,000/month Amazon habit earns ₹3,600/year automatically
- Cashback credited instantly to Amazon Pay balance — spend it on your next order the same day
- 2% cashback at 100+ Amazon Pay partner merchants including BigBasket, Swiggy, and Uber
- Lifetime free — no fee, ever, for any income level
✕ Cons
- Value is concentrated in Amazon ecosystem — if you shop equally on Flipkart, SBI Cashback earns more
- Non-Prime members earn 3% on Amazon — still good, but the card is built for Prime subscribers
- No lounge access or travel perks
- Utility bills paid outside Amazon stopped earning on 11 Oct 2025 — a real gap for a "1% on everything" card
Eligibility & documents
Age
18 –60 years
Min. income
₹15,000 /mo
Employment
Salaried · Self-employed · Student
Documents required
- PAN card
- Aadhaar / valid address proof
- Latest 3 months bank statement
- Income proof — salary slips (salaried) or ITR (self-employed)
- Recent passport-size photograph
How to redeem rewards
Ways to convert what you earn into real value.
🎁 Amazon Pay Balance: Instant cashback credited to Amazon Pay — use on the very next Amazon order. (₹1.00/cashback rupee)
🎁 Amazon Pay Partner Merchants: Use Amazon Pay balance at Swiggy, Uber, BookMyShow, and 100+ partner merchants. (₹1.00/cashback rupee)
What your Cashback are worth
Realistic value per point by redemption route — the difference is what most people leave on the table.
Statement credit Direct cash adjustment — no conversion
The concern Cashback lands as Amazon Pay balance, not cash, and the exclusion list (fuel, rent, EMI, cash, education, tax, international, gold, and since Oct 2025 utility bills paid outside Amazon) is wider than the "unlimited cashback" marketing implies.
The bottom line
This card remains one of the simplest cashback options available in India — cashback lands instantly, there's no points system to navigate, and no fee to worry about, all on the shopping platform most Indians already use. Prime members in particular get outsized value, which is why it stays our top recommendation for a first credit card. The new 2026 fees and the expanding list of exclusions have taken some shine off it, but the fundamental value proposition still holds.
Sources & verification
Fees, reward rates, and benefits for the Amazon Pay ICICI Bank Credit Card are taken from ICICI Bank 's official Most Important Terms & Conditions (MITC) and fee schedule — see the card's official page . Last verified 14 Aug 2026 . Reviewed by Devchandra Sah . Always confirm current details on the issuer's site before applying. How we research →
Independence. CardAdvisor is an independent editorial publication. We are not affiliated with, endorsed by, sponsored by, or authorised to act for ICICI Bank . All issuer names, product names, and payment-network marks are the property of their respective owners and appear here for identification and comparison only. Card faces shown on this site are our own original illustrations — we do not display or host issuer card artwork or logos.
Value timeline
Every real-world change to this card's rewards, fees and benefits we've tracked — newest first, each linked to its source.
Tracking since 2018 · 5 changes · last change Jan 2026
▲ Revaluation ▼ Devaluation ◆ Neutral / reversed
2026 1 change — 1 cut
▼ Fee Observed 22 Dec 2025 · Effective 15 Jan 2026
New wallet, gaming & transport transaction fees
No such fees → 1% wallet loads ≥₹5,000; 2% skill-based gaming; 1% transport >₹50,000
As part of ICICI's portfolio-wide 2026 revision, the card added a 1% fee on wallet-load transactions of ₹5,000 or more (MCC 6540), a 2% fee on skill-based gaming transactions (MCC 5816), and a 1% fee on any transport transaction exceeding ₹50,000 (MCC 4111/4112/4784/4131). All three thresholds are per transaction, not per month. Note the card remains exempt from the reward-side e-wallet-reload exclusion, so a wallet load still earns the 1% base — it just costs 1% to make.
Verification: ICICI Bank ↗ · Confidence: High
2025 2 changes — 1 cut, 1 improvement
▼ Reward Observed 11 Sept 2025 · Effective 11 Oct 2025
Cashback exclusion list widened — education, international AND off-Amazon utilities
Near-universal 1% base earn → Education, international and utilities paid outside Amazon excluded; gold/silver, tax, fuel, rent, EMI and cash already were
Clauses 11 and 12 of ICICI's Amazon Pay card T&C add two exclusions with effect from 11 Oct 2025: education and international transactions earn no Reward Points, and — the change most coverage missed — utility transactions made OUTSIDE the Amazon platform earn nothing either. Clause 13 (fuel, gold, silver, any precious metal and any tax-related payment) and clause 17 (EMI, EMI-on-call and cash) restate exclusions that already applied, and rent went in June 2024. Two things survive: insurance premiums still earn the 1% base, and non-tax GOVERNMENT MCCs still earn, because this card is the MITC's named exception to the rule that reclassifies government spend as a utility payment. The 'unlimited cashback' proposition narrowed to Amazon, Amazon Pay checkout and a shrinking base.
Verification: ICICI Bank (card Terms & Conditions) ↗ · Confidence: High
▲ Fee Observed 11 Sept 2025 · Effective 11 Oct 2025
Forex markup slashed 3.5% to 1.99%
3.50% → 1.99%
Alongside a 7-year partnership renewal, ICICI cut the foreign-currency markup from 3.5% to 1.99%, repositioning the no-fee card as usable for international/travel spends. The 5% Prime / 3% non-Prime core rates were left unchanged.
Verification: ICICI Bank (press release) ↗ · Confidence: High
2024 1 change — 1 cut
▼ Reward Observed 20 May 2024 · Effective 18 Jun 2024
Rent payments dropped from rewards
1% reward on rent → 0% on rent
Rent transactions stopped earning the 1% reward with a 30-day RBI-mandated notice; the same change also disabled the option to part-pay other purchases using Amazon Pay balance. Fuel surcharge waiver was unaffected.
Verification: ICICI Bank ↗ · Confidence: High
2018 1 change — 1 neutral
◆ Launch Effective 30 Oct 2018
Amazon Pay ICICI Bank Credit Card launched
India's first Amazon co-branded card debuts as lifetime-free (no joining/annual fee): 5% back for Amazon Prime members on Amazon.in, 3% for non-Prime, 2% at Amazon Pay partner merchants, and 1% on all other Visa spends — credited as never-expiring, uncapped Amazon Pay balance (1 point = ₹1).
Verification: ICICI Bank (press release) ↗ · Confidence: High
Each change links to the issuer's own document — bank T&C, MITC, notice, press release or product page — where one is public. Where the bank published nothing, it's marked CardAdvisor Research and verified against the card's current terms. Independent of the live terms shown above. This timeline is one card's slice of our market-wide change record across every tracked card.
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Source: Amazon Pay ICICI Bank Credit Card value timeline — CardAdvisor
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Quick summary
Type Entry credit card
Reward rate 1%–5%
Best for Amazon Prime subscriber
Joining fee Free
Annual fee Lifetime free
Reviewed by
Devchandra Sah · Cards tested, miles earned, trips booked — for over a decade
Last verified 14 Aug 2026
How we research →
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280 cards analysed — August 2026
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