MakeMyTrip ICICI Bank Credit Card – Benefits, Fees & Eligibility

Introduction

The MakeMyTrip ICICI Bank Credit Card, issued by ICICI Bank, is a travel-centric co-branded credit card designed for individuals who frequently book travel through the MakeMyTrip platform. Positioned as an affordable option with an annual fee of ₹999 + GST, it offers significant value, including a ₹1,000 MakeMyTrip voucher and MMTBLACK Gold Membership as welcome benefits. A distinctive feature of this card is that approved applicants receive two cards, one on the RuPay network and one on the Mastercard network, allowing the RuPay variant to be linked to UPI for convenient online payments while earning myCash rewards. It also stands out with a low foreign currency markup of 0.99% and complimentary airport lounge access.

Welcome Benefits

• MakeMyTrip Voucher: Receive a ₹1,000 MakeMyTrip voucher.
  • The voucher is issued within 45 days of the joining fee being realized.
  • There is no minimum order requirement for using this voucher.
  • It is valid for three months from the date of issuance.
• MMTBLACK Gold Membership: Complimentary MMTBLACK Gold Membership.
  • The membership is valid for 12 months.
  • Existing MMTBLACK Gold tier members will have their tenure extended by 12 months.

Fees

• Joining Fee: ₹999 + GST
• Annual Fee: ₹999 + GST
• Spend-Based Waiver: The annual fee is waived on spends of ₹3 Lakh in a card anniversary year. If the spending requirement is not met, cardholders will receive a ₹1,000 voucher from MakeMyTrip upon realization of the annual fee.
• Rewards Redemption Fee: Nil
• Foreign Currency Markup: 0.99%
• Interest Rates: 3.75% Per Month (45% Per Annum)
• Fuel Surcharge Waiver: Not applicable
• Cash Advance Charges: 2.5%

Rewards

• Reward Type: myCash, where 1 myCash = ₹1. myCash does not expire.
• Reward Rates on MakeMyTrip Spends:
  • 12 myCash on every ₹200 spent on Hotel Bookings on MakeMyTrip.
  • 6 myCash on every ₹200 spent on Flight, Cab, Bus, and Holiday Bookings on MakeMyTrip.
• Reward Rates on Other Spends:
  • 2 myCash on every ₹200 spent on Domestic and International Spends Outside of MakeMyTrip.
  • 2 myCash on every ₹200 spent on Insurance (Capped at a maximum of 1,000 myCash Per Year).
• Exclusions for myCash: No myCash is awarded for Rent Payments, Cash advances, Fuel transactions, Gambling, or any transactions carried out for Commercial Purposes.
• Movie & Dining: Get 25% off on your second movie ticket via BookMyShow, up to ₹150, once every month. This offer is available on both Mastercard and RuPay variants and is shared between the primary and add-on cards.
• Travel: High rewards on travel spends, particularly when made through MakeMyTrip.
• Domestic Lounge Access: Eight complimentary domestic airport lounge access visits each year, capped at 2 visits per quarter, for the primary cardholder. There is no spend-based criteria for lounge access.
• International Lounge Access: One complimentary international airport lounge access visit per year for the primary cardholder.
• Golf: Not applicable.
• Insurance Benefits: Not applicable (beyond earning myCash on insurance spends).

Rewards Redemption Guide

• myCash can be used for hotel, flight, holiday, and other travel bookings with MakeMyTrip.
• Cardholders can also use their myCash to purchase partner vouchers via MakeMyTrip.
• The value of one myCash is ₹1.

Card Review

The MakeMyTrip ICICI Bank Credit Card is an excellent choice for individuals who frequently use MakeMyTrip for their travel bookings, including flights, hotels, cabs, and buses. It is an affordable co-branded travel credit card with a reasonable annual fee of ₹999 + GST, offering benefits that often outweigh its cost.

• Pros:
  • Affordable annual fee with a spend-based waiver option.
  • Generous welcome benefits including a ₹1,000 MakeMyTrip voucher and MMTBLACK Gold Membership.
  • High reward rates on MakeMyTrip bookings, with myCash valued at ₹1 per point.
  • Extremely low foreign currency markup of 0.99%, making it beneficial for international transactions.
  • Dual network cards (RuPay and Mastercard) provided, with RuPay enabling UPI linkage.
  • Good number of complimentary domestic airport lounge visits (8 per year, 2 per quarter).
  • Monthly discount on movie tickets via BookMyShow.
• Cons:
  • The card's primary benefits and highest reward rates are largely confined to the MakeMyTrip ecosystem, limiting its utility for those who book travel through other platforms.
  • International lounge access is limited to only one visit per year.
  • Lounge access benefits are exclusively for the primary cardholder; add-on cardholders are not eligible.

Important Product Details

• The card has a joining and annual charge of ₹999 + GST.
• It is a travel-centric credit card, specifically co-branded with MakeMyTrip.
• Approved applicants receive two cards: one on the RuPay network and one on the Mastercard network.
• The RuPay variant can be linked to UPI for easy online payments.
• It offers a minimal 0.99% Forex fee on international transactions, which is significantly lower than the typical industry rate of 3% to 3.5%.
• Previous versions, the MakeMyTrip ICICI Bank Signature and Platinum Credit Cards, have been canceled and are no longer available for application.

Other Details

• The movie discount benefit is shared between the primary and add-on cards.
• Only the primary cardholder is eligible for complimentary airport lounge visits; add-on cardholders are not eligible.
• Existing ICICI Bank credit cardholders are eligible to apply for this card.