ICICI Bank Mastercard World Debit Card – Benefits, Fees & Eligibility

Introduction

The Wealth Management Debit Card from ICICI Bank is a premium offering designed to provide a comprehensive suite of privileges, discounts, and reward points on every purchase. It aims to enhance the cardholder's lifestyle with benefits such as complimentary airport lounge access, exclusive offers on dining, shopping, and travel, and robust security features like Zero Liability Protection. The card also facilitates better tracking of spends through instant SMS alerts for all transactions.

Fees

• Annual Fees

  • ₹300 + GST.
  • These charges will be applicable only on new accounts opened from August 2025.

• Replacement Fees

  • ₹300 + GST.

Rewards

• Reward Points

  • Earn 2 reward points on every ₹200 spent on international transactions.
  • Earn 2 reward points on every ₹200 spent on domestic transactions.
  • Earn reward points on eligible utility payments.

• Airport Lounge Access

  • Get up to 2 complimentary domestic airport lounge accesses each quarter.
  • Eligibility Criteria for Lounge Access:
    • Enrollment in the Wealth Management Programme and a Savings Account opened on or after 1st August 2025.
    • Minimum spends of ₹10,000 quarterly on the debit card OR
    • Meeting program eligibility criteria of a Relationship Value of ₹50 lakh (Deposits + Account balance + Investments + Demat holdings) OR
    • Deposits + Account balance = ₹10 lakh.
    • The spends cycle for lounge access considers transactions incurred between the 1st and 31st of the three months of a calendar quarter, with access provided starting the 5th of the month following the quarter end.
    • For Salary Account holders: Individual spends of ₹10,000 on the Debit Card in the previous quarter will be considered.
    • For Savings Family: If customers have opted for family banking, they must maintain 1.5X of the programme eligibility criteria at the Family ID level for all family members to enjoy lounge access. If this criterion is not met, the individual spends criterion of ₹10,000 in the previous quarter shall apply.
    • For Salary Family: Individual spends of ₹10,000 on the Debit Card in the last quarter is checked for all. If criteria is not met and family members with Savings Account are part of Select Banking, Wealth Management or Private Banking programme, individual programme eligibility criteria will be considered to provide lounge access.

• Lifestyle & Retail Discounts

  • Benefit from exclusive offers on dining, shopping, and travel, enhancing your lifestyle while saving on everyday expenses.

• Protection

  • Zero Liability Protection against unauthorised purchases in case of loss, theft, or misplacement of the card.

• Card Features

  • Tap and Pay functionality allows for PIN-free Debit Card transactions using an Android Phone.
  • Secure Bill Payments for hassle-free transactions.
  • The card can be used for transactions outside India.

Rewards Redemption Guide

• Reward points can be redeemed for a variety of categories, including:
  • Health & Beauty products
  • Travel & Luggage items
  • Shopping Vouchers
  • Home Appliances
  • Electronics
  • Fashion & Lifestyle products

Card Eligibility Criteria

• For Lounge Access:
  • Enrollment in the Wealth Management Programme.
  • Savings Account opened on or after 1st August 2025.
  • Minimum quarterly spends of ₹10,000 on the debit card OR
  • Meeting program eligibility criteria of Relationship value of ₹50 lakh (Deposits + Account balance + Investments + Demat holdings) OR
  • Deposits + Account balance = ₹ 10 L.
  • For Salary Account holders: Individual spends of ₹10,000 on the Debit Card in the previous quarter.
  • For Savings Family: Maintain 1.5X of the programme eligibility criteria at Family ID level. If not met, individual spends criteria of ₹10,000 in the previous quarter applies.
  • For Salary Family: Individual spends of ₹10,000 on the Debit Card in the last quarter. If criteria is not met and family members with Savings Account are part of Select Banking, Wealth Management or Private Banking programme, individual programme eligibility criteria will be considered.

Card Review

• Overall Verdict: The Wealth Management Debit Card from ICICI Bank is a premium offering tailored for customers within the Wealth Management Programme or those maintaining significant banking relationships. It delivers substantial value through a robust reward points system, exclusive lifestyle discounts, and critical benefits such as complimentary domestic airport lounge access and Zero Liability Protection. Its global usability and high transaction limits make it a versatile tool for affluent customers.
• Pros:
  • Complimentary domestic airport lounge access (up to 2 per quarter) with achievable eligibility criteria.
  • Consistent reward point earnings on both domestic and international spends.
  • Enhanced security with Zero Liability Protection.
  • Exclusive offers across dining, shopping, and travel categories.
  • Convenient Tap and Pay feature for quick transactions.
  • High daily transaction and withdrawal limits.
  • Global acceptance for international transactions.
• Cons:
  • An annual fee of ₹300 + GST will be applicable for new accounts opened from August 2025.
  • Lounge access is conditional on specific quarterly spends or wealth management program eligibility, which may not be met by all users.
• Who Should Apply: This card is best suited for ICICI Bank's Wealth Management Programme customers, high-net-worth individuals, or those who maintain substantial deposits and investments with the bank. It is particularly beneficial for frequent travelers who can meet the specified lounge access criteria and those who value premium lifestyle benefits and robust security features.

Important Product Details

• Positive Highlights:
  • Premium Debit Card offering a range of privileges, discounts, and reward points.
  • Up to 2 complimentary domestic airport lounge accesses per quarter, subject to eligibility.
  • Earn 2 reward points on every ₹200 spent, both domestically and internationally.
  • Zero Liability Protection against unauthorized transactions.
  • Exclusive offers on dining, shopping, and travel.
  • Tap and Pay functionality for PIN-free transactions.
  • Real-time SMS alerts for transactions and itemized billing for easy spend tracking.
  • Can be used for international transactions.
  • High daily ATM withdrawal limit of ₹1,00,000 (domestic and international).
  • High daily purchase limit of ₹7,50,000 for domestic transactions and ₹1,50,000 for international transactions.
• Negative Highlights:
  • An annual fee of ₹300 + GST will be applicable on new accounts opened from August 2025.
  • A replacement fee of ₹300 + GST applies.
  • Lounge access is conditional on meeting specific quarterly spends or wealth management program eligibility criteria.

Other Details

• Daily Spends Limit

  • ATM Withdrawal Transactional Limit:
    • Domestic: ₹1,00,000
    • International: ₹1,00,000
  • Transactional Limit (Purchases):
    • Domestic: ₹7,50,000
    • International: ₹1,50,000

• Spend Tracking

  • Cardholders receive instant SMS alerts for transactions on their registered mobile number.
  • Itemized billing allows for regular tracking of spends.
  • Spends can also be tracked easily using iMobile, ICICI Bank's mobile banking app, which provides a detailed history of transactions.

• Terms & Conditions

  • Applicable Terms & Conditions are available for review via a provided link.

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