ICICI Bank Carbon Credit Card – Benefits, Fees & Eligibility

Introduction

The ICICI Bank Carbon Credit Card, powered by VISA CodeSure, was Asia’s first card launched in 2013 with an in-built microprocessor, featuring a 12-digit touchpad for enhanced security with a 4-digit OTP for online transactions. This card, now discontinued, offered a range of benefits for a one-time fee of Rs. 1,000. Key advantages included earning 2 Reward Points on every retail spend of Rs. 100, discounts of 15% or more on dining, and up to 3 free movie tickets every month on BookMyShow. It also provided travel benefits such as 4 complimentary domestic lounge visits per quarter, up to Rs. 1,500 off on flight bookings, and a 10% discount on domestic/international hotel bookings.

Welcome Benefits

• No specific welcome benefits are explicitly stated for this card.

Fees

• Joining Fee

  • Rs. 1,000 + GST

• Renewal Fee

  • Nil

• Spend-Based Waiver

  • Not applicable

• Rewards Redemption Fee

  • Rs. 99 (plus applicable taxes) per redemption request

• Foreign Currency Markup

  • 3.5% of the transaction amount

• Interest Rates

  • 3.4% per month (or 40.8% per annum)

• Fuel Surcharge Waiver

  • 2.5% fuel surcharge waiver at all fuel stations for transactions up to Rs. 4,000

• Cash Advance Charges

  • 2.5% of the cash amount withdrawn or a minimum of Rs. 300

Rewards

• Rewards Rate

  • Earn 2 Reward Points on every retail spend of Rs. 100.
  • Fuel transactions are not eligible for Reward Points.

• Movie Benefits

  • Get up to 3 free movie tickets every month on BookMyShow.
  • Avail 1 free ticket on buying 1 movie ticket at BookMyShow.
  • You can avail of up to 2 free movie tickets every month worth up to Rs. 400 each.
  • 'Buy 1 get 1 free' offer on movie tickets bought on weekends on BookMyShow under the VISA blockbuster weekends program, allowing 1 free ticket worth up to Rs. 300 each month.

• Dining Benefits

  • Get an assured discount of 15% or more across various participating restaurants through the ICICI Bank Culinary Treats Programme.

• Travel Benefits

  • Receive 4 complimentary domestic lounge access per calendar quarter.
  • Get up to Rs. 1,500 off on flight bookings.
  • Avail a 10% discount on hotel bookings.

• Other Benefits

  • No international lounge access, golf, or insurance benefits are mentioned.

Rewards Redemption Guide

• Reward Points are redeemable against cashback, gifts, and several other options.
• The redemption value is 1 Reward Point = Re. 0.25.
• A Rewards Redemption Fee of Rs. 99 (plus applicable taxes) is charged per redemption request.
• To redeem earned rewards against gifts, call 1860-258-5000.
• To redeem points against your card’s outstanding balance (cashback), call 080-40146444.

Card Eligibility Criteria

• The ICICI Bank Carbon Credit Card is issued only to selected ICICI Bank credit card holders.
• The card is available only by invitation.
• Only existing ICICI Bank cardmembers are eligible to get this card.

Card Review

The ICICI Bank Carbon Credit Card, though now discontinued, was considered a significant credit card, offering high security for online transactions with its in-built microprocessor and 4-digit OTP system. For a one-time fee, it provided exclusive benefits that many cards with higher fees did not. Cardholders could save significantly through Reward Points on retail transactions, free movie tickets every month, and attractive discount offers on flight and hotel bookings. The primary limitation was its exclusivity, as it was only available by invitation to existing ICICI Bank cardmembers. For those who were eligible, it offered substantial value.

Important Product Details

• Highly secure credit card for online transactions, featuring an in-built microprocessor and a 12-digit touchpad for a 4-digit OTP.
• Earn 2 ICICI Reward Points per Rs. 100 spent.
• Up to 3 free movie tickets every month.
• Get a 15% or more discount on dining.
• Receive 4 complimentary domestic airport lounge access every quarter.
• Up to Rs. 1,500 off on flight bookings.
• A 10% discount on hotel bookings.
• 2.5% fuel surcharge waiver at all fuel stations for transactions up to Rs. 4,000.
• The card is discontinued.

Other Details

• Powered by VISA CodeSure.
• Asia’s first card with an in-built microprocessor, launched in 2013.
• Features a 12-digit touchpad to enable a 4-digit OTP at the time of transactions.
• The card is now discontinued.