Accelero ICICI Bank Credit Card – Benefits, Fees & Eligibility

Introduction

The Accelero ICICI Bank Credit Card is a basic credit card issued by ICICI Bank, primarily designed for individuals who own vehicles. It offers a range of automobile-associated privileges such as complimentary roadside assistance, car washes, and general check-up services. Additionally, the card provides a decent reward rate on general spending, cashback on fuel purchases, and lifestyle benefits including discounts on movie tickets and dining, along with complimentary domestic lounge access.

Welcome Benefits

• Complimentary roadside repair services, car wash, and general checkup for the first year.
• To avail these services, make a minimum of 3 transactions worth Rs. 1,000 each within the first 3 months after receiving the card.
• Other automobile-associated privileges include taxi services, emergency fuel delivery, lost key benefits, and car concierge services.

Fees

• Joining Fee: Rs. 499 + GST
• Renewal Fee: Rs. 499 + GST
• Spend-Based Waiver: The renewal fee of Rs. 499 can be waived off if the cardholder spends more than Rs. 1.25 Lakhs using the credit card in the previous year.
• Rewards Redemption Fee: Rs. 99 (plus applicable taxes)
• Foreign Currency Markup: 3.5% of the amount transacted
• Interest Rates: 3.40% per month (or 40.8% annually)
• Fuel Surcharge Waiver: 1% fuel surcharge is waived off at all HPCL fuel stations.
• Cash Advance Charges: Higher of 2.5% of the withdrawn amount or Rs. 300.

Rewards

• General Spends: Earn 2 Reward Points on every Rs. 100 spent on domestic/international transactions.
• Fuel Benefits:
  • Get an additional cashback of 2.5% on fuel purchases from HPCL petrol pumps when swiping the Accelero ICICI Bank credit card.
  • Maximum benefit from this offer is Rs. 200 per month.
  • 1% fuel surcharge waiver at all HPCL fuel stations.
• Travel Benefits:
  • Receive 1 complimentary domestic lounge access each quarter.
  • This benefit is available on spending Rs. 75,000 or more in the previous quarter.
• Movie Benefits:
  • Get 25% off (up to Rs. 100) on movie tickets when booking through Bookmyshow & Inox.
  • A minimum booking of 2 tickets is required to avail the discount.
  • This offer can be availed 2 times a month on BookMyShow and 2 times a month on Inox (a total of four times per month).
• Dining Benefits:
  • Enjoy exclusive discounts on dining bills at 2,000+ partnered restaurants under the ICICI Bank Culinary Treats Programme.
  • Discounts of 15% or more are available.
• Automobile-Associated Privileges:
  • Includes roadside repair, taxi services, emergency fuel delivery, lost key benefits, car concierge services, car wash, and general checkups.
• Exclusions: Transactions like fuel purchases, EMI payments, loan payments, and balance transfers are not eligible for Reward Points.

Rewards Redemption Guide

• Reward Points can be redeemed against cashback or gifts.
• The redemption rate is 1 Reward Point = Re. 0.25.
• To redeem points, contact ICICI Bank customer care.

Card Eligibility Criteria

• The minimum age of the applicant should be 21 years.
• The applicant should possess a decent credit score.
• The applicant should have a stable source of income.

Documents Required

• Identity Proof: Aadhar Card, Voter’s Id, PAN Card, Passport, Driving License, etc.
• Address Proof: Utility bills, Aadhar Card, Driving License, etc.
• Income Proof: Latest salary slips or Latest audited ITR.

Card Review

The Accelero ICICI Bank Credit Card is an excellent choice for individuals who own vehicles, offering significant savings through complimentary car washes, general checkups, and essential emergency services. With a nominal joining and renewal fee, which can also be waived based on annual spending, the card provides substantial value. Its benefits extend beyond automobile services to include travel, movie, and dining discounts, making it a well-rounded option for everyday savings. This card is highly recommended for those seeking an affordable credit card that combines lifestyle benefits with crucial vehicle-related privileges.

Important Product Details

• Earn 2 Reward Points for every Rs. 100 spent.
• Receive 2.5% cashback on fuel purchases at HPCL pumps, with a maximum benefit of Rs. 200 per month.
• Annual fee waiver available on spending Rs. 1.25 Lakhs in the previous year.
• Includes complimentary car wash and 24x7 roadside assistance.
• Offers 1 complimentary domestic airport lounge access every quarter (subject to spending Rs. 75,000 in the previous quarter).
• Provides a 25% discount on movie tickets through Bookmyshow and Inox.
• Features discounts of 15% or more on dining through the ICICI Bank Culinary Treats Programme.

Other Details

• Application Process: The Accelero ICICI Bank Credit Card can be applied for both online and offline.
  • Offline: Visit the nearest ICICI Bank branch, fill out the application form, and provide the required documents.
  • Online: Visit the ICICI Bank’s official website, find the card under the personal banking section, click ‘Apply Now’, and complete the online application form. An application reference number will be provided, and bank officials will contact you.