ICICI BankAccelero ICICI Bank Credit Card – Benefits, Fees & Eligibility
Is the Accelero ICICI Bank Credit Card Right for You?
The Accelero ICICI Bank Credit Card is best suited for users who prioritize Fuel, Movies, Dining. With a joining fee of ₹499 + GST and a renewal fee of ₹499 + GST, this card is positioned for cardholders who can maximize its benefits to justify the cost. It offers Reward Points as its primary reward mechanism, with a rewards rate of 2 Reward Points for every ₹100 spent on domestic and international transactions..
Key Card Details
₹499 + GST
₹499 + GST
Reward Points
3.5% of the transaction amount.
Notable Perks
Domestic Lounge Access
1 complimentary visit per quarter on spending ₹75,000 or more in the previous quarter.
International Lounge Access
Not Applicable
Insurance Coverage
Not Applicable
Spend-Based Waiver
Annual fee waived on spending more than ₹1.25 Lakhs in the previous year.
Movie Benefits
25% discount up to ₹100 on BookMyShow and INOX, applicable twice monthly per platform.
Golf Benefits
Not Applicable
Things to Consider
The domestic lounge access is restricted by a high quarterly spend requirement of ₹75,000.
Carries a high annual interest rate of 40.8%, which is expensive for carried balances.
Does not provide any international lounge access or golf benefits for premium travelers.
Benefits & Features
Welcome Offer
Roadside repair, car wash, and vehicle checkup upon spending ₹3,000 in the first 3 months.
Rewards Rate
2 Reward Points for every ₹100 spent on domestic and international transactions.
Reward Type
Reward Points
Reward Redemption
1 Reward Point = ₹0.25; points can be redeemed for cashback or gifts via customer care.
Domestic Lounge Access
1 complimentary visit per quarter on spending ₹75,000 or more in the previous quarter.
International Lounge Access
Not Applicable
Premium Benefits
Not Applicable
Insurance Coverage
Not Applicable
Movie Benefits
25% discount up to ₹100 on BookMyShow and INOX, applicable twice monthly per platform.
Dining Benefits
Minimum 15% discount at over 2,000 partnered restaurants via Culinary Treats Programme.
Travel Benefits
Complimentary domestic lounge access per quarter subject to quarterly spend criteria.
Fees & Charges
Joining Fee
₹499 + GST
Renewal Fee
₹499 + GST
Spend-Based Waiver
Annual fee waived on spending more than ₹1.25 Lakhs in the previous year.
Foreign Currency Markup
3.5% of the transaction amount.
Interest Rates
3.40% per month (40.8% annually).
Fuel Surcharge Waiver
1% fuel surcharge waiver at all HPCL petrol pumps.
Cash Advance Charges
2.5% of the withdrawn amount or ₹300, whichever is higher.
Rewards Redemption Fee
₹99 plus applicable taxes.
Pros & Cons
Pros
Key benefits and features of this card.
Offers specialized vehicle services like roadside assistance and free car washes for owners.
Provides a fuel surcharge waiver and 2.5% cashback specifically at HPCL petrol pumps.
Features a relatively low joining and annual fee making it accessible for basic users.
Allows for a complete renewal fee waiver upon meeting the annual spend of ₹1.25 Lakhs.
Cons
Key drawbacks and limitations of this card.
The domestic lounge access is restricted by a high quarterly spend requirement of ₹75,000.
Carries a high annual interest rate of 40.8%, which is expensive for carried balances.
Does not provide any international lounge access or golf benefits for premium travelers.
Lacks insurance benefits like air accident cover or credit liability protection for users.
Product Details
24/7 roadside assistance including roadside repair and emergency fuel delivery.
Access to car concierge services, car wash, and general vehicle checkups.
Complimentary domestic lounge access once every calendar quarter (spend-linked).
Exclusive movie discounts twice a month on both BookMyShow and INOX.
Access to the ICICI Bank Culinary Treats Programme for 15% dining discounts.
Additional services like taxi assistance and lost key benefits for vehicle owners.
Benefits & Features
Welcome Offer
Roadside repair, car wash, and vehicle checkup upon spending ₹3,000 in the first 3 months.
Rewards Rate
2 Reward Points for every ₹100 spent on domestic and international transactions.
Reward Type
Reward Points
Reward Redemption
1 Reward Point = ₹0.25; points can be redeemed for cashback or gifts via customer care.
Domestic Lounge Access
1 complimentary visit per quarter on spending ₹75,000 or more in the previous quarter.
International Lounge Access
Not Applicable
Premium Benefits
Not Applicable
Insurance Coverage
Not Applicable
Movie Benefits
25% discount up to ₹100 on BookMyShow and INOX, applicable twice monthly per platform.
Dining Benefits
Minimum 15% discount at over 2,000 partnered restaurants via Culinary Treats Programme.
Travel Benefits
Complimentary domestic lounge access per quarter subject to quarterly spend criteria.
What matters, explained clearly
Accelero ICICI Bank Credit Card
The Accelero ICICI Bank Credit Card is a basic credit card issued by ICICI Bank, specifically designed for individuals who own vehicles. With a nominal joining fee of ₹499, the card offers specialized automotive benefits such as roadside assistance, car wash, and general vehicle checkup services. Beyond vehicle-related perks, cardholders can earn reward points on their daily spends, enjoy cashback on fuel at HPCL pumps, and access lifestyle benefits including movie discounts and airport lounge visits.
Welcome Benefits
- Complimentary services including roadside repair, car wash, and a general vehicle checkup for the first year.
- To avail of these services, the cardholder must make a minimum of 3 transactions worth ₹1,000 each within the first 3 months of receiving the card.
Fees
- Joining Fee: ₹499 + GST.
- Annual Fee (Renewal Fee): ₹499 + GST.
- Spend-Based Waiver: The renewal fee is waived if the cardholder spends more than ₹1.25 Lakhs using the card in the previous year.
- Rewards Redemption Fee: ₹99 plus applicable taxes.
- Foreign Currency Markup: 3.5% of the transaction amount.
- Interest Rates: 3.40% per month (40.8% annually).
- Fuel Surcharge: 1% fuel surcharge waiver at all HPCL petrol pumps.
- Cash Advance Charges: 2.5% of the withdrawn amount or ₹300, whichever is higher.
Rewards
- General Spends: 2 Reward Points for every ₹100 spent on domestic and international transactions.
- Reward Exclusions: Transactions such as fuel purchases, EMI payments, loan payments, and balance transfers do not earn Reward Points.
- Fuel Benefits: 2.5% cashback on fuel purchases at HPCL petrol pumps when swiping the card, with a maximum benefit of ₹200 per month.
- Movie Benefits: 25% discount (up to ₹100) on movie tickets through BookMyShow and INOX. This offer requires a minimum booking of 2 tickets and can be used twice a month per platform (total 4 times a month).
- Dining: Exclusive dining benefits and discounts of 15% or more at over 2,000 partnered restaurants through the ICICI Bank Culinary Treats Programme.
- Travel (Domestic Lounge): 1 complimentary domestic lounge access every quarter, provided the cardholder spends ₹75,000 or more in the previous quarter.
- Travel (International Lounge): Not applicable.
- Golf: Not applicable.
- Insurance: Not applicable.
- Automobile Privileges: Access to 24/7 roadside assistance, roadside repair, taxi services, emergency fuel delivery, and lost key benefits.
- Add-on Services: Access to car concierge services, car wash, and general vehicle checkups.
Rewards Redemption Guide
- Redemption Rate: 1 Reward Point = ₹0.25.
- Redemption Options: Points can be redeemed for cashback or gifts.
- Method: Redemption is handled by contacting ICICI Bank customer care.
Card Eligibility Criteria
- Minimum Age: 21 years.
- Credit Profile: The applicant should have a decent credit score and a stable source of income.
- Identity Proof: Aadhar Card, Voter’s ID, PAN Card, Passport, or Driving License.
- Address Proof: Utility bills, Aadhar Card, or Driving License.
- Income Proof: Latest salary slips or the latest audited Income Tax Return (ITR).
Card Review
The Accelero ICICI Bank Credit Card is an excellent choice for vehicle owners looking for an affordable card that provides high utility for automotive needs. The inclusion of complimentary car washes and roadside assistance adds significant value for drivers. While it functions as a basic card, its strengths lie in its specific automotive perks and fuel cashback at HPCL.
Pros:
- Low joining and annual fees.
- Specialized vehicle-related services like roadside assistance and car washes.
- Decent movie and dining discounts.
- Fuel cashback and surcharge waiver.
- Spend-based annual fee waiver.
Cons:
- High annual interest rate.
- Lounge access is restricted by a spend threshold of ₹75,000 in the previous quarter.
- No international lounge or golf benefits.
Important Product Details
- Earn 2 Reward Points per ₹100 spent.
- 2.5% fuel cashback at HPCL pumps (capped at ₹200/month).
- Spend ₹1.25 Lakhs annually to waive the renewal fee.
- Complimentary car wash and general checkups.
- 24/7 roadside assistance and emergency fuel delivery.
- 1 complimentary airport lounge visit per quarter (spend-linked).
- 25% movie ticket discount on BookMyShow and INOX.
- Minimum 15% discount on dining at partner restaurants.
Other Details
- How to Apply: Applications can be submitted online via the official ICICI Bank website or offline by visiting a local bank branch.
- Application Process: Online applicants fill out a form to receive a reference number, after which bank officials follow up for processing.
- Value Realization: To maximize value, the card should be used for automotive services and HPCL fuel purchases, while aiming for the ₹1.25 Lakh spend milestone for fee waiver.