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Amazon Pay ICICI Bank Credit Card VS Federal Bank RuPay Wave Credit Card

A detailed, side-by-side look at 2 leading credit cards. Analyze the features that matter most to you and make an informed choice.

Features

Amazon Pay ICICI Bank Credit Card
Amazon Pay ICICI Bank Credit Card
Federal Bank RuPay Wave Credit Card
Federal Bank RuPay Wave Credit Card

Fees & Charges

Joining Fee
Nil
Nil
Renewal Fee
Nil
Nil
Spend Based Waiver
Not Applicable
Foreign Transaction Fees
1.99%
3.5% markup on all international transactions.
Interest Rate (APR)
3.75% per month (45% per annum)
41.88% per annum (3.49% per month) on outstanding balances.

Rewards & Benefits

Welcome Bonus
Perks and discounts worth up to ₹2,500 including EazyDiner and Amazon Prime membership offers.
10% cashback (up to ₹200) on first 5 UPI transactions within 30 days of Federal RuPay Wave card issuance.
Rewards Rate
5% for Prime / 3% for Non-Prime on Amazon; 2% on bills and 1% on other spends.
1 reward point for every ₹200 spent on the Federal RuPay Wave Credit Card.
Reward Type
Cashback
Reward Points & Cashback
Reward Redemption Fee
NIL
₹99 per redemption transaction.

Travel & Lifestyle

Domestic Lounge Access
Not Applicable
International Lounge Access
Not Applicable
Travel Benefits
5% unlimited cashback for Prime members on flight and hotel bookings made via Amazon.
Movie Benefits
Not Applicable
Dining Benefits
Minimum 15% discount at participating restaurants through the ICICI Culinary Treats program.
Golf Benefits
Not Applicable
Fuel Surcharge Waiver
1% waiver for all fuel purchases across India for transactions up to ₹4,000.

Security & Other

Insurance Benefits
Not Applicable
Cash Advance Charges
2.5% of the withdrawn amount (minimum ₹500) plus 3.75% monthly interest.
Best valueHigher costHighlights apply to Joining Fee and Renewal Fee only.

Amazon Pay ICICI Bank Credit Card

Federal Bank RuPay Wave Credit Card

Who is it for?

The Amazon Pay ICICI Bank Credit Card is a popular lifetime-free shopping card designed for Amazon loyalists. It offers up to 5% cashback for Prime members and automates the reward process by crediting earnings directly as Amazon Pay balance, making it a highly convenient and high-value tool for online shoppers.

Who is it for?

The Federal RuPay Wave Credit Card is a virtual add-on card from Federal Bank, designed for existing customers to enhance their UPI payment experience. It shares the credit limit of the primary card but offers distinct benefits, including 10% cashback on initial UPI spends and a robust reward points program. This lifetime-free card is ideal for Federal Bank cardholders who frequently use UPI and seek rewards on their everyday transactions.

Pros

Key benefits and features.

A lifetime-free credit card with no joining or annual maintenance fees for cardholders.

Offers a high reward rate of 5% for Prime members on all eligible Amazon.in purchases.

Cashback is automatically credited as Amazon Pay balance with no manual redemption required.

Rewards never expire and there is no maximum capping on the total cashback you can earn.

Competitive foreign currency markup of only 1.99% compared to the standard market rates.

Pros

Key benefits and features.

Enables easy, seamless, and rewarding UPI payments for everyday transactions.

Lifetime-free with zero joining and annual charges, offering great value.

Offers 10% cashback on initial UPI transactions, up to a maximum of ₹200.

Provides reward points on all spends and attractive milestone bonuses annually.

Cons

Key drawbacks and limitations.

Benefits on other platforms or offline transactions are limited to a basic 1% reward rate.

Lacks premium lifestyle features like airport lounge access, golf perks, or movie deals.

The reward rate for Non-Prime members is significantly lower at 3% compared to Prime users.

No cashback is earned on fuel, rent, gold, EMI transactions, or international payments.

Cons

Key drawbacks and limitations.

The Federal RuPay Wave Credit Card is exclusively available to existing Federal Bank cardholders.

Credit limit is shared with your primary Federal Bank card, not an independent limit.

High foreign currency markup of 3.5% makes international spending less attractive.

A redemption fee of ₹99 applies when you redeem your accumulated reward points.

Lacks premium benefits like lounge access, golf, travel, dining, or movie discounts.

Ready to Choose?

Based on your comparison, select the credit card that best matches your spending habits and financial goals.