ICICI Bank Mine Credit Card – Benefits, Fees & Eligibility

Introduction

The ICICI Bank Mine Credit Card is an entry to mid-range offering from ICICI Bank, distinguished by its unique structure of three customizable plans: Starter, Pro, and Premium. This card provides a versatile range of benefits, including a base 1% cashback on all retail spends, enhanced cashback of up to 5% on exclusive partner brands, and complimentary domestic airport and railway lounge access with its higher-tier plans. It also features a spend-based waiver for its monthly membership fees, making it an attractive option for those seeking a flexible and rewarding credit card.

Welcome Benefits

• No specific welcome benefits are offered with this card.

Fees

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

Rewards

• Cashback Rates:
  • Starter Plan:
    • 1% cashback on all retail spends.
    • Cashback limit capped at Rs. 100 per month.
  • Pro Plan:
    • 1% cashback on all spends.
    • Up to 5% cashback on exclusive partner brands: Big Basket, Inox, Ola, PVR, Swiggy, Zomato, BookMyShow, Gaana, and Amazon Prime.
    • Cashback limit capped at Rs. 200 per month.
  • Premium Plan:
    • 1% cashback on all spends.
    • 5% cashback on partner brands: Big Basket, Inox, Ola, PVR, Swiggy, Zomato, BookMyShow, Goibibo, Myntra, Furlenco, Amazon, Gaana, and Amazon Prime.
    • Cashback limit capped at Rs. 750 per month.
• Dining Benefits:
  • 15% or more discount on dining (available with Starter, Pro, and Premium Plans).
• Travel Benefits:
  • Lounge Access:
    • Pro Plan: 1 complimentary railway lounge access per month.
    • Premium Plan: 1 complimentary domestic airport lounge access and 1 railway lounge access per month.
  • Hotel Bookings:
    • Pro Plan: 7% discount on hotel bookings, subject to a maximum discount of Rs. 5,000, for existing Goibibo customers.
    • Premium Plan: Up to 7% discount on hotel bookings, subject to a maximum discount of Rs. 5,000.
  • Flight Bookings:
    • Pro Plan: 4% off up to Rs. 600 on flight bookings for existing Goibibo customers.
    • Premium Plan: 4% off up to Rs. 600 on flight bookings.
• Other Exclusive Offers:
  • Exclusive offers on grocery, travel, food, fashion, and E-marketplace (available with Starter, Pro, and Premium Plans).
  • Premium Plan: 5% discount on Tata Cliq, subject to a maximum discount of Rs. 300 on minimum spending of Rs. 1,000.

Rewards Redemption Guide

• Mine cash is earned on your spending.
• Mine cash can be redeemed against the ICICI Bank Reward catalog or statement balance.
• 1 Mine cash is equivalent to Re. 0.5 for redemption against the ICICI Bank Reward catalog.
• 1 Mine cash is equivalent to Re. 1 for redemption against the statement balance.
• A minimum of 1,500 Mine Cash is required for redemption against the statement balance.
• Mine Cash accumulated is valid for up to 3 years.

Card Eligibility Criteria

• The applicant should be above 21 years old.
• The applicant should have a decent credit score and a stable source of income.

Card Review

The ICICI Bank Mine Credit Card is considered a highly affordable credit card suitable for individuals seeking a basic card with a decent reward rate and multiple redemption options. A key advantage is the ability to redeem Mine cash against the statement balance at a favorable rate of 1 Mine Cash = Re. 1. Cardholders can choose from three distinct plans (Starter, Pro, or Premium) to align with their spending habits and benefit from exclusive features like airport lounge access. With its flexible plans, attractive features, and saving opportunities, the ICICI Bank Mine Credit Card offers good value.

Important Product Details

• Cardholders can choose one out of three plans (Starter, Pro, Premium) based on their requirements.
• Opportunity to save up to 5% on spends.
• Complimentary domestic airport and railway lounge access is available with Pro and Premium plans.
• Monthly membership fees can be waived based on spending thresholds.
• Exclusive offers are available on grocery, travel, food, fashion, and E-marketplace.
• Provides a base 1% cashback on all retail spends.
• Offers up to 5% cashback on exclusive partner brands with Pro and Premium plans.
• Includes a 1% fuel surcharge waiver at all HPCL petrol pumps.
• Features dining benefits with 15% or more discount.
• Mine Cash can be redeemed against the statement balance at a rate of 1 Mine Cash = Re. 1.

Other Details

• The ICICI Bank Mine Credit Card is currently discontinued.
• The card can be used for international transactions.
• Application Process: Can be applied for online via the "Apply Now" button on the official ICICI Bank website, or offline by visiting the nearest bank branch and submitting a physical application form with necessary documents.