MakeMyTrip ICICI Bank Signature Credit Card – Benefits, Fees & Eligibility

Introduction

The MakeMyTrip ICICI Bank Signature Credit Card, issued by ICICI Bank, is positioned as a premium travel-focused card ideal for frequent holiday goers. Its key differentiating benefits include exclusive MakeMyTrip offers, MMTBLACK Platinum Tier Membership, significant myCash rewards on travel and domestic spends, and comprehensive lounge access benefits across international, domestic, and railway networks.

Welcome Benefits

• MMTBLACK Platinum Tier Membership.
• MakeMyTrip Holiday Voucher up to ₹2,500.
• 1 complimentary International Airport Lounge Access Annually.
  • For cards applied on or after November 15, 2024: Complimentary Priority Pass Membership for the primary cardholder, offering access to 1,400+ lounges in 145+ countries worldwide.
  • For cards applied before November 15, 2024: DreamFolks Membership, offering access to 650+ lounges in 100+ countries.

Fees

• Joining Fee: ₹2,500 + GST.
• Annual Fee: Nil.
• Forex Markup: 3.5%.
• ATM Withdrawal: 3.75% interest per month.
• Interest Rate (if only minimum due is paid): 3.75% interest per month.
• Late Bill Payment: Ranging from ₹100 to ₹1300.
• Fuel Surcharge Waiver: 1% waiver on fuel transactions between ₹400 - ₹4,000 at HPCL pumps on ICICI Bank POS Machines. This benefit applies to both primary and supplementary cardholders.

Rewards

• Earn myCash on every ₹200 spend:
  • 4 myCash on Hotel Bookings.
  • 2 myCash on Flight Bookings.
  • 1.25 myCash on Domestic Spends.
• Milestone Rewards:
  • Get 1,100 myCash on a spend of ₹2.5 lakh.
  • Get 4,000 myCash on a spend of ₹5 lakh.
  • Total milestone benefits can be up to 5,100 myCash.
• Lounge Access:
  • International Airport Lounge Access: 1 complimentary access annually for the primary cardholder.
  • Domestic Airport Lounge Access: Get 8 complimentary accesses. To avail this, you must spend ₹75,000 or more on your card in a calendar quarter, which entitles you to the benefit in the following calendar quarter. This benefit is available only for primary cardholders.
  • Railway Lounge Access: Get 1 complimentary access quarterly to participating lounges in India for the primary cardholder.
• Movie Benefits: 25% off on movie tickets, up to ₹150, on the purchase of a minimum of two tickets via BookMyShow.
• Fraud Protection:
  • Counterfeit Card Liability, ensuring coverage against unauthorised usage.
  • Account Takeover Cover, safeguarding against personal information misuse by a third party.
• Security Features: The credit card comes with an embedded microchip for enhanced security against counterfeiting and duplication. For transactions at merchant outlets, a Personal Identification Number (PIN) is required, but not for online transactions.

Rewards Redemption Guide

• Your reward points will be credited to your MakeMyTrip Account in the form of myCash.
• myCash can be redeemed through the MakeMyTrip platform against bookings made on the MakeMyTrip platform.

Card Eligibility Criteria

• An Indian citizen over 21 years of age.
• A salaried individual with a monthly income of ₹75,000.
• Self-employed with a monthly income of at least ₹75,000.
• Documents required:
  • Identity Proof
  • Address Proof
  • Income Proof
• Note: Applications for the MakeMyTrip ICICI Bank Signature Credit Card are no longer being accepted.

Card Review

The MakeMyTrip ICICI Bank Signature Credit Card is an excellent choice for individuals who frequently travel and make bookings through MakeMyTrip. Its strong points include the MMTBLACK Platinum Tier Membership, substantial myCash earnings on travel and domestic spends, and a generous allowance for international, domestic, and railway lounge access. The card also offers practical benefits like a fuel surcharge waiver and movie ticket discounts, along with robust fraud protection. However, potential applicants should be aware of the 3.5% forex markup and the high monthly interest rate for ATM withdrawals and if only the minimum due is paid. A significant drawback is that the bank is no longer accepting applications for this card.

Important Product Details

• Positive Highlights:
  • MMTBLACK Platinum Tier Membership.
  • MakeMyTrip Holiday Voucher up to ₹2,500.
  • Earn up to 2 myCash per transaction of ₹100 and up to 5,100 myCash as milestone benefits.
  • 1 complimentary International Airport Lounge Access Annually (via Priority Pass or DreamFolks).
  • 8 Domestic Airport Lounge Access (spend-based waiver).
  • 1 complimentary Railway Lounge Access quarterly.
  • 1% Fuel Surcharge Waiver on transactions between ₹400 - ₹4,000 at HPCL pumps.
  • 25% off on movie tickets up to ₹150 on minimum two tickets.
  • Fraud protection including Counterfeit Card Liability and Account Takeover Cover.
  • Enhanced security with embedded microchip and PIN for merchant transactions.
• Negative Highlights:
  • Joining Fee of ₹2,500 + GST.
  • 3.5% Foreign Currency Markup.
  • 3.75% interest per month on ATM withdrawals and if only minimum due is paid.
  • The bank is no longer accepting applications for this credit card.

Other Details

• myCash is a reward currency earned on certain transactions and redeemable through the MakeMyTrip platform against bookings.
• The CVV is a three-digit security code located on the back of the card next to the signature panel, or it can be checked by logging into iMobile.
• The due date for the ICICI Bank MakeMyTrip Signature Credit Card can be found in the monthly statement, on iMobile, through Internet Banking, or by contacting Customer Care.
• Complimentary lounge access benefits (international, domestic, railway) are applicable only for the primary cardholder, except for the fuel surcharge waiver which also applies to supplementary cardholders.
• Any additional lounge access beyond the permitted complimentary number will be charged as per the rates decided by the lounge service provider.
• Refer to the Most Important Terms and Conditions (MITC) and other applicable Terms and Conditions (T&Cs) for full details on charges and benefits.