MakeMyTrip ICICI Bank Signature Credit Card
MyRupaya Ratings
Product Details
Credit Card Name :
MakeMyTrip ICICI Bank Signature Credit Card
Bank Name :
ICICI Bank
Type :
Travel Credit Card
Interest Rate :
Interest Rate: 3.67% per month (annual interest rate - 42%).
Eligibility :
Age: You must be a minimum of 21 years old for primary cardholder (18 years old for supplementary cardholders).
Employment: You must be either self-employed or salaried.
Credit Score: You must have a good credit score. This means no recent defaults or delinquencies on loans or credit cards.
Pros
Welcome Benefits: Users will get MyCash worth INR 1,500 upon joining, a complimentary MMTBlack membership and a free MMT holiday voucher worth INR 2500.
Reward System: Value of 1 MyCash= INR 1. Users will get 0.62 MyCash on every INR 100 spent on domestic spending. Value of 1 MyCash= INR 1. Domestic cashback rate: 0.62%. 0.75 MyCash on every INR 100 spend on international spends. Value of 1 MyCash= INR 1. International cashback rate: 0.75%. 1 MyCash on every INR 100 spend on flight boking. Value of 1 MyCash= INR 1. Flight booking cashback rate: 1%. 2 MyCash on every INR 100 spend on hotel/holiday booking. Holiday/hote cashback rate: 2%.
Milestone Benefits: Spend INR 2.5 Lakhs and get MyCash worth INR 1,100 every year. Spend INR 5 Lakhs and get MyCash worth INR 4,000 every year.
Complimentary Dreamfolk membership.
Users will get one free international lounge visit per year as a part of DreamFolk membership.
users will get one free domestic lounge visit once per quarter as part of DreamFolk membership.
Movie Tickets: 25% discount, maximum of up to INR 150 on the purchase of a minimum of two tickets per transaction.
1 complimentary railway lounge access in a quarter.
Cons
Low cashback rate.
Lounge access is limited to once per quarterfor domestic lounges, which is low for a travel focused credit card.
Pros & Cons
Welcome Benefits
Users will get MyCash worth INR 1,500 on joining. Complimentary MMTBlack membership. Free MMT holiday voucher worth INR 2500.
Rewards System
Value of 1 MyCash= INR 1. Users will get 0.62 MyCash on every INR 100 spent on domestic spending. Value of 1 MyCash= INR 1. Domestic cashback rate: 0.62%. 0.75 MyCash on every INR 100 spend on international spends. Value of 1 MyCash= INR 1. International cashback rate: 0.75%. 1 MyCash on every INR 100 spend on flight boking. Value of 1 MyCash= INR 1. Flight booking cashback rate: 1%. 2 MyCash on every INR 100 spend on hotel/holiday booking. Holiday/hote cashback rate: 2%.
International Forex Markup
3.5%
Welcome Benefits and Reward System
Special Features
Complimentary MMT Black membership.
Eligibility Criteria
Age: You must be a minimum of 21 years old for primary cardholder (18 years old for supplementary cardholders).
Employment: You must be either self-employed or salaried.
Credit Score: You must have a good credit score. This means no recent defaults or delinquencies on loans or credit cards.
Benefits
Great travel benefits.
Cashback on MMT website.
Free membership of Dreamfolks and MMTBlack.
Great value add benefits.
Speical Feature, Eligibility and Benefits
How to apply for Credit Card?
1. Online:
Visit ICICI Bank website.
Fill out the online application form with the correct details.
Upload the required documents when prompted.
Submit the application and track its status online.
2. Bank Branch:
Visit the ICICI Bank branch nearest to you.
Meet a customer service representative and express your interest of availing the credit card.
Provide them with your KYC documents and fill out the application form.
Submit the application and inquire about further processing steps.
Contact Details
1800 1080
Account Opening and Procedure
Recommended Credit Cards
Pros:-
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Cons:-
Welcome Benefits: Users will get MyCash worth INR 1,500 upon joining, a complimentary MMTBlack membership and a free MMT holiday voucher worth INR 2500.
Reward System: Value of 1 MyCash= INR 1. Users will get 0.62 MyCash on every INR 100 spent on domestic spending. Value of 1 MyCash= INR 1. Domestic cashback rate: 0.62%. 0.75 MyCash on every INR 100 spend on international spends. Value of 1 MyCash= INR 1. International cashback rate: 0.75%. 1 MyCash on every INR 100 spend on flight boking. Value of 1 MyCash= INR 1. Flight booking cashback rate: 1%. 2 MyCash on every INR 100 spend on hotel/holiday booking. Holiday/hote cashback rate: 2%.
Milestone Benefits: Spend INR 2.5 Lakhs and get MyCash worth INR 1,100 every year. Spend INR 5 Lakhs and get MyCash worth INR 4,000 every year.
Complimentary Dreamfolk membership.
Users will get one free international lounge visit per year as a part of DreamFolk membership.
users will get one free domestic lounge visit once per quarter as part of DreamFolk membership.
Movie Tickets: 25% discount, maximum of up to INR 150 on the purchase of a minimum of two tickets per transaction.
1 complimentary railway lounge access in a quarter.
Low cashback rate.
Lounge access is limited to once per quarterfor domestic lounges, which is low for a travel focused credit card.
Application Procedure
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Abhijeet Saxena
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai
Product Review
Fees & Charges
Joining Fee: INR 2,500
Annual Fee (Second year onwards): Nil
Interest Rate: 3.67% per month (annual interest rate - 44%).
Interest On Cash: 2.49% per month (annual interest rate - 29.88%).
Forex Marku: 3.5%
Cash Withdrawal Fee: 2.5% on advanced amount , subject to minimum of INR 300.
Rewards Redemption Fee: INR 99
Late Payment Charges: 0-1200 depending on the outstanding amount.
Fuel Surcharge
1% fuel surcharge waiver at HPCL petrol pumps on transactions between Rs. 400 and Rs. 4,000, with a monthly cap of INR 250
Billing Cycle
30 Days