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

Introduction

The MakeMyTrip ICICI Bank Signature Credit Card is designed for frequent holiday-goers, offering exclusive MakeMyTrip benefits and attractive offers. Cardholders can earn up to 2 MyCash per transaction of ₹100 and receive up to 5,100 MyCash as milestone benefits. Key highlights include MMTBLACK Platinum Membership, myCash points, and various travel and lifestyle privileges.

Welcome Benefits

• MakeMyTrip Holiday Voucher: Receive a MakeMyTrip Holiday Voucher worth up to ₹2,500.
• MMTBLACK Platinum Tier Membership: Enjoy complimentary MMTBLACK Platinum Tier Membership upon card issuance.
• Milestone MyCash: Earn bonus MyCash rewards based on annual spending:
  • 1,100 MyCash on spending ₹2.5 lakh.
  • An additional 4,000 MyCash on spending ₹5 lakh, for a total of 5,100 MyCash.

Fees

• Joining Fee: ₹2,500 + GST
• Annual Fee: Nil
• Foreign Currency Markup: 3.5%
• Interest Rates:
  • 3.75% interest per month on ATM withdrawals (cash advance).
  • 3.75% interest per month if only the minimum due is paid on the outstanding balance.
• Late Bill Payment Charges: Ranging from ₹100 to ₹1300, depending on the outstanding amount.

Rewards

• MyCash Earning Structure (per ₹200 spent):
  • 4 MyCash on Hotel Bookings.
  • 2 MyCash on Flight Bookings.
  • 1.25 MyCash on Domestic Transactions.
  • Earn up to 2 MyCash per transaction of ₹100, generally, with specific rates for different categories.
• iShop Cashback: Earn up to 4% cashback on iShop.
• Milestone Benefits:
  • 1,100 MyCash on spending ₹2.5 lakh.
  • An additional 4,000 MyCash on spending ₹5 lakh.
• MMTBLACK Platinum Tier Membership: Complimentary membership included.
• International Airport Lounge Access:
  • Get 1 complimentary International Airport Lounge access annually for the primary cardholder.
  • For cards applied on or after November 15, 2024: Complimentary Priority Pass Membership offering access to 1,400+ lounges in 145+ countries worldwide. Present your Priority Pass Membership Card at participating lounges.
  • For cards applied before November 15, 2024: DreamFolks Membership offering access to 650+ lounges in 100+ countries. Present your DreamFolks Membership Card at participating lounges.
• Domestic Airport Lounge Access:
  • Get 8 complimentary domestic Airport Lounge accesses.
  • Condition: To avail domestic airport lounge access in a calendar quarter, you must spend ₹75,000 or more on your MakeMyTrip Signature Credit Card in the preceding calendar quarter. This benefit is available only for primary cardholders.
• Railway Lounge Access:
  • Get 1 complimentary railway lounge access quarterly to participating lounges in India for primary cardholders.
• Dining Benefits: Enjoy dining discounts with the Culinary Treats Programme.
• Fuel Surcharge Waiver: Get a 1% waiver on fuel transactions ranging from ₹400 to ₹4,000 at HPCL pumps when the card is swiped on ICICI Bank POS Machines in India. This benefit applies to both primary and supplementary cardholders.
• Movie Ticket Offers:
  • Cardholders are eligible for 25% off on movie tickets, up to ₹150, on the purchase of a minimum of two tickets.
• Fraud Protection:
  • Counterfeit Card Liability: Protection against fraudulent transactions due to unauthorized usage.
  • Account Takeover Cover: Safeguards you in case personal information is accessed or misused by a third party.
• Enhanced Security: The card features an embedded microchip for enhanced security against counterfeiting and duplication. A Personal Identification Number (PIN) is required for transactions at merchant outlets, but not for online transactions.

Rewards Redemption Guide

• Reward points earned on the card are credited to your MakeMyTrip Account in the form of myCash.
• These myCash rewards can be redeemed directly through the MakeMyTrip platform against bookings made on the MakeMyTrip platform.

Card Eligibility Criteria

Eligibility Rules

• Must be an Indian citizen over 21 years of age.
• Salaried individuals require a monthly income of ₹75,000 or more.
• Self-employed individuals require a monthly income of at least ₹75,000.

Documents Required

• Identity Proof
• Address Proof
• Income Proof

Card Review

The MakeMyTrip ICICI Bank Signature Credit Card is best suited for individuals who frequently travel and use MakeMyTrip for hotel and flight bookings. The card offers substantial myCash earning rates on travel-related expenses, along with valuable milestone benefits that reward higher spending. The complimentary MMTBLACK Platinum Tier Membership and various lounge accesses (international, domestic, and railway) significantly enhance the travel experience. While the card has a joining fee and a foreign currency markup, the benefits, including dining discounts, fuel surcharge waivers, and movie offers, provide a well-rounded value proposition for lifestyle and travel. The card also includes robust fraud protection and chip-and-PIN security features.

Important Product Details

• Key Positive Highlights:
  • Attractive MyCash earning rates on MakeMyTrip bookings (hotels, flights).
  • Significant milestone benefits offering up to 5,100 MyCash annually.
  • Complimentary MMTBLACK Platinum Tier Membership.
  • Annual complimentary international airport lounge access with Priority Pass/DreamFolks membership.
  • 8 complimentary domestic airport lounge accesses, linked to spending.
  • Quarterly complimentary railway lounge access.
  • 1% fuel surcharge waiver at HPCL pumps.
  • Dining discounts through Culinary Treats Programme.
  • 25% off on movie tickets.
  • Comprehensive fraud protection (Counterfeit Card Liability, Account Takeover Cover) and Chip & PIN security.
• Key Negative Highlights:
  • ₹2,500 + GST joining fee.
  • 3.5% foreign currency markup.
  • High interest rate of 3.75% per month on cash advances and outstanding balances if minimum due is paid.

Other Details

• Application Status: As of November 15, 2024, applications for the MakeMyTrip ICICI Bank Signature Credit Card are no longer being accepted.
• CVV Information: The three-digit Security Code next to the signature panel on the back of your card is your CVV. It can also be checked by logging into iMobile.
• Due Date Information: You can find your credit card's due date in your monthly statement, on iMobile, through Internet Banking, or by contacting Customer Care on 1800 1080.