Adani One Signature Credit Card – Benefits, Fees & Eligibility

1. Introduction

The Adani One ICICI Bank Credit Cards, comprising the Signature and Platinum variants, are co-branded offerings from ICICI Bank and Adani Digital Labs Private Limited (Adani One), powered by Visa. These cards are primarily designed for frequent travelers and individuals who regularly engage with the Adani One ecosystem, including airport services, utilities, and travel bookings. Key highlights include up to 7% Adani Reward Points on ecosystem spends, substantial welcome benefits of ₹9,000 for the Signature card, and extensive airport and lifestyle perks.

2. Fees & Waiver Math

Fees

• Adani One ICICI Bank Signature Credit Card
  • Joining Fee: ₹5,000 + 18% GST = ₹5,900 (Derived)
  • Annual Fee: ₹5,000 + 18% GST = ₹5,900 (Derived)
• Adani One ICICI Bank Platinum Credit Card
  • Joining Fee: ₹750 + 18% GST = ₹885 (Derived)
  • Annual Fee: ₹750 + 18% GST = ₹885 (Derived)

Waiver Logic

• Adani One ICICI Bank Signature Credit Card
  • Annual Fee Waiver: On spends of ₹6 Lakh or more in a year (Explicit). EMI purchases do not count towards this spend requirement (Explicit).

Charges

• Interest Rate: 3.75% per month (Explicit), 45% per year (Derived)
• Foreign Currency Markup: 3.5% (Explicit)
• Cash Advance Fee: 2.5% of the amount withdrawn, subject to a minimum of ₹500 (Explicit)
• Fuel Surcharge Waiver: 1% on fuel transactions, up to ₹4,000 (Explicit)
• Reward Redemption Fee: No data available from input
• Other charges: No data available from input

Late Payment Charges

No data available from input

3. Rewards & Milestone Matrix

Reward Earning Structure

• Adani One ICICI Bank Signature Credit Card

• Adani One ICICI Bank Platinum Credit Card
  • Up to 3% Adani Reward Points on spends (Explicit)

Accrual Logic

• Adani Reward Points earned will be added to the Primary Cardholder’s Adani Rewards Membership Account within 45 business days of statement generation (Explicit).

Milestones

• Adani One ICICI Bank Signature Credit Card
  • Second Pranaam Meet & Greet Service: Upon spending ₹3 Lakh (Explicit).
  • Porter Service: 2 complimentary services on spends of ₹1 Lakh (Explicit).

Threshold-Based Benefits

• Adani One ICICI Bank Signature Credit Card
  • Annual Fee Waiver: On spends of ₹6 Lakh or more in a year (Explicit).

4. Redemption, Liquidity & Partners

Point Value

• 1 Adani Reward Point = ₹1 (Explicit)

Liquidity Constraints

• Redeemable on Adani Rewards (Explicit).
• Redemption minimums: No data available from input.
• Fees: No data available from input.
• Caps: No data available from input.

Transfer Partners

No data available from input

5. Forex & International

Forex Table

6. Travel & Lifestyle Benefits

• Adani One ICICI Bank Signature Credit Card

  • Welcome Benefits:
    • ₹5,000 Flight Voucher: On spends of ₹25,000 within 60 days of card activation (Explicit). Valid for six months from issuance (Explicit). No minimum booking value (Explicit).
    • ₹2,000 Hotel Voucher: Upon credit card activation (Explicit). Valid for six months from issuance (Explicit). Minimum transaction of ₹10,000 on Adani One (Explicit).
    • ₹2,000 Holiday Voucher: Upon credit card activation (Explicit). Valid for six months from issuance (Explicit). Minimum booking of ₹20,000 on Adani One (Explicit).
    • Total Welcome Benefits Value: ₹9,000 (Derived)
  • Lounge Access:
    • Domestic Airport Lounge Access: 4 complimentary visits each quarter for primary cardholders (Explicit). No spend-based requirement (Explicit).
    • International Airport Lounge Access: 2 complimentary visits each year for primary cardholders (Explicit). Priority Pass is offered (Explicit). No spend-based requirement (Explicit).
    • Premium Lounge Upgrade: 4 upgrades each quarter at Adani-managed and operated airports (Explicit).
  • Airport Services:
    • Pranaam Meet & Greet Service: 2 free services (Explicit). One upon card activation, the second upon spending ₹3 Lakh (Explicit). Platinum Pranaam Meet and Greet Service (worth ₹1,700) (Explicit). Only the primary cardholder is eligible (Explicit). Must book from the Adani One platform as a 100% discount voucher (Explicit). Only one voucher can be used per booking (Explicit).
    • Valet Parking: 4 valet parking spaces (Explicit).
    • Premium Car Parking: 4 free premium car parking spaces (Explicit). Must book from the Adani One platform using the Adani Rewards Membership Account login (Explicit).
    • Porter Service: 2 complimentary services on spends of ₹1 Lakh (Explicit). A maximum of 8 porter services can be availed in a year (Explicit).
  • Movies & Dining:
    • Movies (BookMyShow): 50% off (up to ₹500) when purchasing at least two movie tickets, twice a month (Explicit). Maximum discount of ₹1,000 each month (Derived) and ₹12,000 yearly (Derived) on movie ticket bookings (Explicit).
    • Dining Discounts: With the Culinary Treats Programme (Explicit).
  • Rewards ULTRA Program (Membership Benefits):
    • Airport Dining Offer: 15% instant discount with a maximum discount of ₹300 per transaction (Explicit). Members must request the offer before placing an order or asking for the bill (Explicit).
    • Nasher Miles Products: Up to ₹2,000 off products (Explicit). Complimentary luggage upon activating membership (Explicit).
    • Club ITC Silver Membership: One year complimentary (Explicit).
    • Mumbai Airport (Domestic, Terminal 2): Complimentary guest access for children up to 12 years of age (Explicit). Flat 50% discount on alcohol (maximum of 2 drinks, including IMFL and beer) (Explicit).
    • Eligibility for Rewards Ultra Membership: Become an Adani One Signature or Platinum cardholder (Explicit) OR Spend ₹25 Lakh on Adani One in the past 12 months and make at least one transaction on Flights, Hotels, Pranaam Service, Car Parking, and Duty-Free (Explicit).

• Adani One ICICI Bank Platinum Credit Card

  • Welcome Benefits:
    • ₹2,000 Flight Ticket Voucher (Explicit).
  • Airport Services: 8 complimentary airport services (Explicit).
  • Lounge Access: 8 Domestic Lounge Access (Explicit).
  • Movies: 20% off on Movie Tickets (Explicit).

7. Exclusion Velocity & Capping

Exclusions

• Reward Point Exclusions: No reward points shall be awarded for transactions made through the card on EMIs, purchases converted to EMI post facto, fuel spends, and rent payments (Explicit).

Caps

• Movie Discount (Signature Card): Maximum discount of ₹500 per transaction, twice a month (Explicit).
• Porter Service (Signature Card): Maximum of 8 porter services per year (Explicit).
• Airport Dining (Rewards Ultra): Maximum discount of ₹300 per transaction (Explicit).
• Alcohol Discount (Rewards Ultra): Maximum of 2 drinks (IMFL and beer) (Explicit).

8. Eligibility & MRV

• Age: Applicant should be more than 21 years of age (Explicit).
• Income: Enough income sources to meet the credit requirement (Explicit).
• Credit Score: Assessed by the bank before issuing the card (Explicit).
• Employment: No data available from input.
• Documents:
  • Identity proof: Aadhaar card, Passport, PAN card (Explicit).
  • Address proof: Utility bill, Passport, Voter ID (Explicit).
  • Income proof: Salary slips, bank statements, or IT returns (Explicit).
• Application Process:
  • Apply online, provide details, complete Video KYC (PAN card and Aadhaar card details, video-based verification with an ICICI Bank officer) or In-person verification (Aadhaar number mandatory, biometric fingerprint authentication) (Explicit).
  • Card will be activated for online use in 30 minutes post-approval (Explicit).
  • Must use Aadhaar card-linked mobile number for application (Explicit).
  • Existing ICICI Bank Credit Cardholders can apply (Explicit).
  • If application is rejected, can apply again in six months (Explicit).

9. Card Review & ROI Analysis

Pros (Adani One ICICI Bank Signature Credit Card)

• Significant welcome benefits (₹9,000) that offset the first year's joining fee (Explicit).
• High reward rate of 7% on spends within the Adani ecosystem (Explicit).
• Extensive travel benefits including complimentary domestic and international lounge access, premium parking, valet, porter, and meet-and-greet services at Adani-managed airports (Explicit).
• Airport lounge access is offered without any spending requirements (Explicit).
• Valuable movie ticket discounts through BookMyShow (up to ₹1,000 per month) (Explicit).
• Rewards Ultra membership offers additional lifestyle and travel perks (Explicit).

Cons (Adani One ICICI Bank Signature Credit Card)

• No renewal benefits explicitly associated with the card (Explicit).
• Annual fee waiver requires a high spend threshold of ₹6 Lakh (Explicit).
• Reward points are not awarded for EMIs, fuel, and rent payments (Explicit).
• Focus on travel and the Adani ecosystem may limit its attractiveness to a broader audience (Explicit).

Break-Even Analysis (Adani One ICICI Bank Signature Credit Card)

• First Year:
  • Joining Fee + GST: ₹5,900 (Derived)
  • Welcome Benefits Value: ₹9,000 (Derived)
  • Net First Year Value: ₹9,000 - ₹5,900 = ₹3,100 (Derived)
  • The card provides a positive net value in the first year solely from welcome benefits.
• Subsequent Years (Annual Fee Waiver):
  • To waive the annual fee of ₹5,900, a spend of ₹6 Lakh is required (Explicit). This translates to needing