Icici Bank Expressions Paywave Nfc Card - Benefits, Charges and Eligibility

Icici Bank Expressions Paywave Nfc Card Overview

ICICI Bank Expressions Paywave NFC Card is a revolutionary debit card which can enable you to make quick contactless payments. Expressions Paywave NFC Card entitles you to a world of Speed, Customization and Security.

Icici Bank Expressions Paywave Nfc Card Features

  • Issued under VISA platform
  • Domestic daily purchase limit of Rs. 2,00,000 and international transaction limit of Rs. 1,50,000
  • Daily cash withdrawal limit of Rs. 1,00,000 whether you withdraw locally or internationally
  • Use your Debit Card on the internet for buying travel or movie tickets, paying your bills and much more
  • Receive instant SMS alerts on transaction made on your Debit Card
  • Allows you to track your spends on a regular basis. The details of the purchases made on your card, along with the date, merchant's name and amount are mentioned in your bank statement

Icici Bank Expressions Paywave Nfc Card Eligibility

All customers holding an account with ICICI bank are eligible for this card. Existing eligible customers can also upgrade the accounts to apply for this card.

Icici Bank Expressions Paywave Nfc Card Fees & Charges

  • Joining fee: Rs.499 plus service tax
  • Annual fee:Rs.499 plus service tax
  • PoS/Ecom Transactions: Nil
  • Re-issuance charges: Rs. 200 plus service taxes

Icici Bank Expressions Paywave Nfc Card Benefits

  • Speed: Your Expressions Paywave NFC Card comes with a built-in payWave technology to make contactless payments at retail outlets. So just Tap and Pay
  • Customization: Your ICICI Bank Expressions Paywave NFC Card is customized with a design that you select from a gallery of more than 160 images or you can upload your favourite picture online
  • Security: Expressions Paywave NFC Card does not leave your hand. You can just wave the card at a distance of 4cms from the merchant terminal and make the payment securely
  • Kaya Gift Voucher worth Rs. 1,000
  • Get up to 15% off on dining at more than 800 restaurants
  • Complimentary Airport lounge access
  • Zero Surcharge on fuel purchases
  • Earn PAYBACK Reward Points on Debit Card purchases
  • Free Air Accident Insurance: Rs. 20 lakhs
  • Free Personal Accident Insurance: Rs. 10 lakhs
  • Free Purchase Protection: Rs. 2.5 lakhs
  • 1,000 off on minimum spend of Rs. 15,000 and above on Appliances on Croma
  • 20% on a minimum bill value of Rs. 400 and above on Domino's Pizza
  • 250 off on minimum purchase of Rs. 999 and above at Jabong.com
  • 1,000 off on minimum purchase of Rs. 5,000 and above at Pepperfry.com
  • Flat 20% off on hotels and up to Rs. 550 off on Return flight bookings at via.com

What is EMV-Chip Based Debit Card?

EMV stands for Europay MasterCard and Visa, who developed this technology. EMV-chip based debit cards are the debit cards which have embedded microprocessor chip that stores and protects cardholders' information/ data. It uses enhanced security features to protect the important date of the card holders and discourages card's unauthorized usage.

EMV-chip based debit card generates fresh user data every time the user transacts. Therefore, it is impossible for hackers/ fraudsters to steal the information or copy the original data from any card. Further, EMV technology uses your debit card as well as PIN to complete any transaction.

What is a Contactless Debit Card?

Contactless debit card is a sensor embedded new age debit card that works on Near Field Communication (NFC) Technology using Radio Transmission to ascertain contact when the card is brought near a terminal. This enables the customers to make payments up to Rs.5,000 without swiping their cards & entering a PIN.

Benefits of a Contactless Card

  • Fast & Convenient
  • Safe & Secure
  • No chance of losing or misplacing it

The Reserve Bank of India (RBI) has asked all banks in the country to replace magnetic-strip debit/ credit cards with EMV-chip based cards by 31 December 2018 as magnetic cards are quite vulnerable to skimming. Banks have already replaced the existing magnetic strip debit/ credit cards with latest EMV chip cards. Banks will provide it free of cost.