ICICI Bank Mine Credit Card – Benefits, Fees & Eligibility

Introduction

The ICICI Bank Mine Credit Card is India's first Flexi-Plan Credit Card, offering personalized money management through a choice of three distinct monthly plans: Starter, Pro, and Premium. This innovative card provides a wide array of benefits, including up to 5% cashback on top brands, 1% cashback on all retail spends, and a fuel surcharge waiver. Depending on the chosen plan, users can also enjoy complimentary lounge access, exclusive dining, travel, and lifestyle offers, making it a versatile option for smart spenders seeking tailored rewards and savings.

Welcome Benefits

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

Fees

• Joining Fee:
  • Starter Plan: Nil
  • Pro Plan: ₹49 per month
  • Premium Plan: ₹149 per month
• Renewal Fee:
  • Starter Plan: Nil
  • Pro Plan: ₹49 per month
  • Premium Plan: ₹149 per month
• Spend-Based Waiver:
  • Pro Plan: The monthly fee is waived if you spend ₹10,000 or more in the previous month.
  • Premium Plan: The monthly fee is waived if you spend ₹20,000 or more in the previous month.
• Rewards Redemption Fee: ₹99 per redemption request.
• Foreign Currency Markup: 3.5% on international transactions.
• Interest Rates: 3.4% per month (40.80% per annum).
• Fuel Surcharge: 1% waiver on all fuel transactions at all HPCL petrol pumps.
• Cash Advance Charges: 3.4% per month (40.80% per annum).

Rewards

• General Cashback and Savings:

  • Earn 1% cashback on all retail spends.
  • Earn up to 5% cashback on top brands and select key partners.
  • Fuel Surcharge Waiver of 1% at HPCL pumps when transactions are made via ICICI POS machines.
  • Exclusive offers on grocery, travel, food, fashion, and E-marketplace.

• Flexible Monthly Plans: The card offers three plans - Starter, Pro, and Premium - to suit different spending styles, each with tailored benefits.

Starter Plan (₹0/Month)

• 1% Cashback on all retail spends.
• Cashback cap: ₹100 per month.
• Fuel Surcharge Waiver at HPCL.
• Everyday Delight Offers.
• Discount of 15% or more on dining.

Pro Plan (₹49/Month)

• 5% Cashback on Key Brands: Big Basket, Inox, Ola, PVR, Swiggy, Zomato, BookMyShow, Gaana, and Amazon Prime.
• 1% Cashback on all retail spends.
• Cashback cap: ₹200 per month.
• 1 complimentary domestic railway lounge access per month.
• Fuel Surcharge Waiver at HPCL.
• 7% discount on hotel bookings, subject to a maximum discount of ₹5,000.
• 4% off on flight bookings, up to ₹600 (for existing Goibibo customers).
• Exclusive offers on grocery, travel, food, fashion, and E-marketplace.
• Discount of 15% or more on dining.

Premium Plan (₹149/Month)

• 5% Cashback on More Brands: Big Basket, Inox, Ola, PVR, Swiggy, Zomato, BookMyShow, Goibibo, Myntra, Furlenco, Amazon, Gaana, and Amazon Prime.

• 1% Cashback on all retail and dining spends.

• Cashback cap: ₹750 per month.

• 1 complimentary domestic airport lounge access per month.

• 1 complimentary railway lounge access per month.

• Fuel Surcharge Waiver at HPCL.

• 5% discount on Tata Cliq, subject to a maximum discount of ₹300 on a minimum spending of ₹1,000.

• Up to 7% discount on hotel bookings, subject to a maximum discount of ₹5,000.

• 4% off on flight bookings, up to ₹600.

• Exclusive offers on grocery, travel, food, fashion, and E-marketplace.

• Discount of 15% or more on dining.

• Lounge Access Perks:

  • Pro Plan: 1 complimentary domestic railway lounge access per month.
  • Premium Plan: 1 complimentary domestic airport lounge access and 1 railway lounge access per month.

• Dining Benefits:

  • A discount of 15% or more on dining is available across all three plans.

• Travel Benefits:

  • Complimentary domestic airport and railway lounge access (as per the chosen plan).
  • Up to 7% discount on hotel bookings (maximum ₹5,000) under Pro and Premium plans.
  • 4% off on flight bookings (up to ₹600) under Pro and Premium plans.
  • Exclusive travel deals are available under the Premium Plan.

• Redemption Categories for Reward Points:

  • Health & Beauty
  • Travel & Luggage
  • Shopping Vouchers
  • Home Appliances
  • Electronics
  • Fashion & Lifestyle

Rewards Redemption Guide

• Mine Cash earned on your spending can be redeemed against the ICICI Bank Reward catalog or statement balance.
• Redemption against Reward Catalog: 1 Mine Cash is equivalent to ₹0.5.
• Redemption against Statement Balance: 1 Mine Cash is equivalent to ₹1.
  • A minimum of 1,500 Mine Cash is required for redemption against the statement balance.
• Validity of Mine Cash: Mine Cash accumulated on your card is valid for up to 3 years.

Card Eligibility Criteria

• General Eligibility:
  • Applicant must be an Indian resident.
  • Minimum age for primary applicant: 21 years.
  • Minimum age for add-on card holder: 18 years.
  • Applicant should have a stable source of income as per bank policy.
  • Applicant should have a decent credit score.
• Specific for Students:
  • Available for Indian students with valid ID and enrollment proof.
  • Applicants must meet age and documentation requirements for a smooth application process.
• Documents Required:
  • PAN Card copy (mandatory).
  • Identity Proof: Aadhaar, Passport, or Voter ID.
  • Address Proof: Utility bill, Aadhaar, or Passport.
  • Student enrollment certificate (if applying as a student).
  • No physical documents are required as digital submission options (e.g., via DigiLocker) are available.

Card Review

The ICICI Bank Mine Credit Card stands out as a highly affordable and flexible credit card, particularly for individuals seeking a basic card with a decent reward rate and multiple redemption options. Its unique selling proposition is the choice of three tailor-made monthly plans (Starter, Pro, and Premium), allowing cardholders to align features precisely with their spending habits. A significant advantage is the ability to redeem Mine Cash against the statement balance at a favorable rate of 1 Mine Cash = ₹1. With benefits such as up to 5% cashback on partner brands, 1% on retail spends, fuel surcharge waivers, and complimentary lounge access (depending on the chosen plan), it offers substantial savings. This card is well-suited for smart spenders who appreciate customization and wish to maximize their cashback and lifestyle benefits.

Important Product Details

• India's first Flexi-Plan Credit Card, offering three customizable monthly plans (Starter, Pro, Premium).
• Provides up to 5% cashback on partner brands and 1% cashback on retail spends.
• Complimentary domestic airport and railway lounge access is available with the higher-tier plans.
• Monthly membership fees can be waived based on achieving specific spending thresholds.
• Exclusive offers are provided across various categories including grocery, travel, food, fashion, and E-marketplace.
• Includes a fuel surcharge waiver at HPCL pumps.
• Mine Cash can be redeemed against the reward catalog or statement balance, with a value of 1 Mine Cash = ₹1 for statement balance redemption.

Other Details

• Application Process: The ICICI Bank Mine Credit Card can be applied for both online and offline. For online applications, individuals can fill out a form on the official ICICI Bank website. Alternatively, one can visit the nearest ICICI Bank branch to complete a physical application form.
• International Usage: The ICICI Bank Mine Credit Card can be used for international transactions.
• Flexibility to Switch Plans: Cardholders have the option to switch between the Starter, Pro, and Premium plans at any time, providing the flexibility to match their card features with their evolving lifestyle and monthly spending patterns.