Amazon Pay and ICICI Bank Strengthen Ties to Boost Co-Branded Credit Card

Amazon Pay ICICI Bank Credit Card – this is a co-branded credit card between the two giants, ICICI Bank and the Amazon Pay – and it is to see a few changes from this October 11. The main transformations are regarding the forex markup charges on your international transactions you make using the card. Several of its signature benefits will continue to benefit you, while there will be slight changes soon.

Announcement of Their Long-Term Partnership Renewal

It's been a recent announcement made by the two, where they are making some innovations in the card that's being already used by over 5 million individuals.

The Amazon Pay ICICI Bank Credit Card is one that had its launch in the year 2018, and that has been successful in redefining digital payments via easy and transparent rewards offered to the customers.

Current Benefits of the Amazon Pay ICICI Bank Credit Card

Here are some of the beneficial features attached with card that are already available and being enjoyed by the credit card users:

• No charges pertaining to the joining fee or annual fee on the card
• Unlimited 5% cashback when you shop at Amazon – only for the Prime members, and excludes gold coins
• The non-prime members have unlimited cashback of 3 per cent to receive on their Amazon shopping, which also excludes gold coins

There have been quite awesome benefits on the Amazon Pay ICICI Bank Credit Card for its users. The further changes brought may attract further new customers as a reduction in the charges is a sign to more monetary benefits made with a card.

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Features and New Changes in the Card

As per the announcement, the card will have reduced forex markup for international transactions. The signature benefits, however, will continue, such as 5% unlimited cashback on shopping as well as your travel bookings you make with Amazon Pay for the Prime members. The non-Prime members will also continue getting the 3% unlimited rewards like before.

As the new and old features makeup for a transformed card, the users are supposed to have a rewarding experience everyday along with being travel-friendly as well. Your daily spends as well as the travel experiences are going to find greater value for you from now onwards.

What Does Amazon Pay India Has to Say?

The Director at Amazon Pay India's Credit and Lending has said that they have been consistent in providing all the valuable customers with unlimited cashback, zero joining as well as annual fees along with seamless redemption. He said, they are equally dedicated while bringing the innovations with the card. The changes are there for so many categories right from your everyday essentials to your travel expenses.

In The Words of Head, Cards and Payment Solution, ICICI Bank…

ICICI Bank has also mentioned a rise in the Indian customers catering to the travel rewards. They've mentioned there has been a fundamental growth in demand for rich reward propositions, as well as flexible redemption options. A reduction in the forex markup will further strengthen the card's appeal among the digitally savvy individuals who are always looking forward to even smarter ways of making payments.

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Amazon Pay ICICI Bank Credit Card - Travel Features

When it comes to travel, there will now be more value for the customers with the card, mainly due to the reduced travel expense – forex markup for all the customers.

Here are the most important value earners on travel expenses made via the Amazon Pay ICICI Bank Credit Card:

• Forex Markup – The forex markup, as discussed, will now be reduced as only 1.99% will be charged your international transactions. Earlier, the rate used to be 3.5%, which will now considerably low with the new changes brought with the partners strengthening the ties.
• For Prime members, there is 5% cashback to be availed on making travel bookings of flights and hotels through Amazon Pay.
• Lastly, the non-prime members also get 3% unlimited cashback on booking travel tickets, flights and hotels, using the services of Amazon Pay

Hence, the specific users have specific benefits to enjoy with the Amazon Pay ICICI Bank Credit Card.

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