Savings & Rewards

Payback rewards


Your ICICI Bank Credit Card entitles you to earn PAYBACK Points on your transactions. PAYBACK, India’s largest Reward Programme, has powered ICICI Bank Rewards to bring you a suite of exciting rewards from your everyday spending.


You not only earn PAYBACK Points when you use your ICICI Bank Credit Card, but also earn additional points from PAYBACK Partner Brands for the same purchase.


You can redeem your PAYBACK Points from many options – from movie and travel vouchers to lifestyle products, mobiles, appliances and more. With your ICICI Bank Credit Card and PAYBACK, shopping is truly rewarding!


  • Earn 2 PAYBACK Points on every Rs. 100 spent on your card (except fuel). Get 1 PAYBACK Point on every Rs.100 spent on utilities and insurance categories.
  • Under the new ICICI Bank Milestone Rewards program, get 2000 PAYBACK Points on spending Rs. 2,00,000 on your card and 1000 PAYBACK Points each time you cross Rs. 1,00,000 spend thereafter in an anniversary year; maximum of 10000 PAYBACK Points per year.

The reward points you earn get accumulated with PAYBACK every month and can be redeemed for cash or gifts of your choice.


To redeem your PAYBACK Points in cash:

Each PAYBACK Points is equivalent to Rs. 0.25. Please call on 080-40146444* to redeem. The equivalent cash amount will be credited to your credit card account within 7 working days.


To redeem your PAYBACK Points for gifts:

Please call PAYBACK on 1860-258-5000*, or place an online request for redemption at You will receive the gift of your choice within 10 working days.


*Standard call charges apply.


Discover how your ICICI Bank Coral Contactless Credit Card can deliver savings of Rs. 18,375 every year.

Benefits on monthly purchases

Savings on your Spends
On-going benefits & savings on yearly spends of Rs. 3,60,000 Savings (in ₹)
24 complimentary movie tickets every year with 'Experience Entertainment* 6,000
15% savings on your monthly dining bill of Rs. 2000 with ICICI Bank Culinary Treats 3,600
Cash Rewards on annual spend of Rs. 3,00,000** 1425
Milestone Rewards on a spend of Rs. 3,00,000 750
Access to MasterCard Airport Lounge*** 4000
Waiver of 1% fuel surcharge on Rs. 5000 spent every month on fuel**** 600
Complimentary access to Railway Lounge in India 2000
Total Savings 18,375


Disclaimer : The above chart is purely for illustration purposes and is merely indicative in nature. The information provided regarding products, services, offers, benefits, reward programmes etc. of ICICI Bank/third party are governed by the detailed terms and conditions, internal policy guidelines as specified by ICICI Bank/third party from time to time and are subject to applicable laws and regulations. Actual benefits/savings/rewards will be based on the total spends on the Credit Cards and spends on various reward categories by the Cardholders. Cardholders are requested to make an independent analysis and their own assessment, evaluation and judgement on the information mentioned hereinabove. The benefits, offers, reward points etc. will be available only on those merchant establishments with whom ICICI Bank and MasterCard/Visa have a tie up.


The information provided hereinabove does not amount to an offer, sponsor or advice as regards to any product or services of ICICI Bank or any of its group companies or third parties and is not intended to create any rights or obligations in this regard. ICICI Bank does not undertake any liability or responsibility for the details, accuracy, completeness, not-errors or correctness of any content or information provided hereinabove. Any dispute or claim regarding the goods, services brought about by the third party must be resolved by the cardholder with the third parties directly without any reference to ICICI Bank.


*A maximum of two tickets through the portal per month and the ticket price not exceeding Rs. 250 per ticket through 2 free movie tickets a month are assumed to be valued at Rs. 250 per ticket and are subject to availability. The actual rate of ticket may vary for every movie theatre.
** This is based on the assumption that the card holder will spend 10% of the total spending on utilities and insurance. On these categories, one PAYBACK Points is accrued on per Rs. 100 spent on card.
**This is based on the assumption that the card holder is visiting 4 MasterCard/VISA affiliated lounges every year.
*** 1% fuel surcharge waiver is available on all transactions below ₹ 4000. Fuel surcharge waiver is available on fuel purchases at HPCL petrol pumps when the card is swiped on the ICICI Merchant Services swipe machine.