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Are there any charges for redemption of reward points?

With effect from June 12, 2014, Redemption Fee as handling charges has been introduced on every redemption request for reward points earned on your ICICI Bank Credit Card.

  1. For Credit Card members on Hand-picked Rewards Scheme and ICICI Bank Rewards Scheme, a Redemption Facilitation Fee of Rs.99.00 with Goods and Service Tax (GST) will be levied for every redemption request.
  2. For Credit Card members on PAYBACK Rewards Scheme:

For Catalogue based redemption on PAYBACK Rewards Scheme, a Redemption Facilitation Fee of Rs.99.00 with Goods and Service Tax (GST) will be levied on each redemption.

For Online and in-store redemption on PAYBACK Rewards Scheme, a Redemption Facilitation Fee of Rs.25.00 with Goods and Service Tax (GST) will be levied on each redemption on PAYBACK Partner Brands like www.bookmyshow.com and www.makemytrip.com and in-store partners like Big Bazaar and HPCL.

This Redemption Fee with Goods and Service Tax (GST) will be charged to your monthly Credit Card statement.