Amazon Pay ICICI Bank Credit Card VS Federal Bank RuPay Wave Credit Card
Both Amazon Pay ICICI Bank Credit Card and Federal Bank RuPay Wave Credit Card suit shopping-focused spenders, but they earn and cost differently. Amazon Pay ICICI Bank Credit Card is lifetime-free and earns 5% for Prime / 3% for Non-Prime on Amazon; 2% on bills and 1% on other spends. Federal Bank RuPay Wave Credit Card is lifetime-free and earns 1 reward point for every ₹200 spent on the Federal RuPay Wave Credit Card. Amazon Pay ICICI Bank Credit Card also brings perks and discounts worth up to ₹2,500 including EazyDiner and Amazon Prime membership offers, while Federal Bank RuPay Wave Credit Card counters with 10% cashback (up to ₹200) on first 5 UPI transactions within 30 days of Federal RuPay Wave card issuance. Weigh the fee against the reward rate above to see which fits your spending pattern better.
Fees & Charges
Rewards & Benefits
Travel & Lifestyle
Security & Other
Amazon Pay ICICI Bank Credit Card
Federal Bank RuPay Wave Credit Card
Who is it for?
Who is it for?
Pros
Key benefits and features.
Most useful for Amazon loyalists who fulfill their online shopping via Amazon, particularly Prime members.
Lifetime free with no joining or annual fees, offering significant long-term value.
Unlimited cashback with no maximum capping on the Amazon Pay balance earned.
Reward points are automatically credited as Amazon Pay balance and have no expiry date.
Low international forex mark-up at 1.99% makes international spends more economical.
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.
Primarily focused on Amazon shopping, limiting benefits for other spending categories.
Does not provide other benefits like lounge access or entertainment, unsuitable for travelers.
Less useful for shopping on platforms other than Amazon, where the base reward rate is only 1%.
The reward rate on Amazon for non-Prime members is lower at 3% compared to 5% for Prime members.
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.