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

Introduction

The ICICI Bank Wealth Management Debit Card is a premium offering designed for customers enrolled in the bank's Wealth Management Programme, providing a suite of privileges, discounts, and reward points on every purchase. It stands out with benefits like quarterly domestic airport lounge access, high daily transaction limits, and exclusive offers on dining, shopping, and travel, catering to a lifestyle of convenience and savings. The card also ensures better tracking of spends through itemized billing and instant SMS alerts for transactions. This Mastercard variant is suitable for both domestic and international usage.

Transaction Limits & Usage

• Daily ATM Withdrawal Limit:
  • Domestic: ₹1,00,000
  • International: ₹1,00,000
• Daily POS/Online Transaction Limit:
  • Domestic: ₹7,50,000
  • International: ₹1,50,000
• International Usage: The ICICI Bank Wealth Management Mastercard Wealth Management Debit Card can be used for transactions outside India.
• Tap and Pay: Facilitates PIN-free Debit Card transactions using an Android Phone.
• Monthly withdrawal limits will be dependent on the account segment of the customer.

Fees and Charges

• Annual Fee:

  • ₹300 + GST.
  • This charge will be applicable only on new accounts opened from DD August 2025.

• Replacement Fee:

  • ₹300 + GST.

Rewards & Offers

• Reward Points:
  • Earn 2 reward points on every ₹200 spent internationally.
  • Earn 2 reward points on every ₹200 spent domestically.
• Reward Point Redemption: Redeem reward points for categories such as health and beauty, travel and luggage, shopping vouchers, home appliances, electronics, and fashion & lifestyle.
• Exclusive Offers: Benefit from exclusive offers on dining, shopping, and travel, enhancing your lifestyle while saving on everyday expenses.
• Airport Lounge Access:
  • Get up to 2 complimentary domestic airport lounge accesses each quarter.
  • Eligibility for Wealth Management Programme (Savings Account opened on or after August 01, 2025):
    • Minimum spends of ₹10,000 quarterly OR
    • Meeting program eligibility criteria of Relationship Value of ₹50 lakh (Deposits + Account balance + Investments + Demat holdings) OR
    • Deposits + Account balance = ₹10 lakh.
  • Spends Cycle for Lounge Access: Spends incurred between the 1st and 31st of the three months of a calendar quarter will be considered, and lounge access will be provided starting the 5th of the month following the quarter end.
  • Eligibility for Salary Account Holders: Individual spends of ₹10,000 on the Debit Card in the previous quarter will be considered.
  • Eligibility for Family Banking (Savings Family):
    • If customers have opted for family banking, they will have to maintain 1.5X of the programme eligibility criteria at the Family ID level for all family members to enjoy lounge access.
    • If criteria is not met at the family ID level, then individual spends criteria of ₹10,000 in the previous quarter shall apply.
  • Eligibility for Family Banking (Salary Family):
    • Individual spends of ₹10,000 on the Debit Card in the last quarter is to be 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.
    • For Salary Account holders, only ₹10,000 spends on Debit Card in the previous quarter will be considered.
• Earn reward points on eligible utility payments.

Account & Eligibility Criteria

• Mandatory Bank Account Tiers: The card is primarily linked to the Wealth Management Programme, Savings Accounts, and Salary Accounts.
• Minimum Average Balance (MAB) / Relationship Value for Lounge Access:
  • For Wealth Management Programme (Savings Account opened on or after August 01, 2025): Relationship Value of ₹50 lakh (Deposits + Account balance + Investments + Demat holdings) or Deposits + Account balance = ₹10 lakh.
  • For Family Banking (Savings Family): Maintain 1.5X of the programme eligibility criteria at Family ID level.

Debit Card Review

The ICICI Bank Wealth Management Debit Card is an excellent choice for individuals enrolled in ICICI Bank's Wealth Management Programme or those maintaining high account balances and relationship values. It caters well to high spenders and frequent travelers, offering substantial daily transaction limits and valuable quarterly domestic airport lounge access. The card provides a competitive reward program on both domestic and international spends, complemented by exclusive lifestyle offers. While an annual fee applies, the comprehensive suite of premium benefits, particularly the lounge access and high spending power, delivers significant value to its target affluent customer base.

Important Product Details

• Card Variant: Mastercard.
• Positive Highlights:
  • Premium Debit Card offering a range of privileges, discounts, and reward points.
  • Earns 2 reward points on every ₹200 spent (domestic and international).
  • Up to 2 complimentary domestic airport lounge accesses per quarter (subject to specific eligibility criteria).
  • High daily ATM withdrawal limit of ₹1,00,000 (domestic and international).
  • High daily POS/online transaction limit of ₹7,50,000 (domestic) and ₹1,50,000 (international).
  • Available for international transactions.
  • Tap and Pay functionality for convenient, PIN-free transactions.
  • Exclusive offers on dining, shopping, and travel.
  • Secure bill payments with reward points on eligible utility payments.
  • Itemized billing and instant SMS alerts for effective spend tracking.
• Negative Highlights:
  • An annual fee of ₹300 + GST is applicable (for new accounts opened from DD August 2025).
  • Lounge access eligibility is tied to specific quarterly spends or maintenance of high relationship value/deposits, which may not be met by all cardholders.

Other Details

• Cardholders receive instant SMS alerts for all transactions on their registered mobile number.
• Spends can be tracked easily using ICICI Bank's iMobile app or Mobile Banking app, which provides a detailed history of transactions.
• Terms & Conditions apply to all features and benefits of the card.