Co-branded credit cards are the result of a cooperative effort between a specific business and a credit card company. Co-branded Credit Cards give accelerated reward points on the expenditures done on their platform and on the purchase of their products. Amazon Pay ICICI Credit Card is very famous in this category. It offers many advantages which will entice you to apply for ICICI Amazon Pay Credit card but at the same time, there are certain cons for the same.
Let us discuss some of the advantages and disadvantages of Amazon Pay ICICI Credit Card:
Advantages of amazon pay ICICI credit card
You can expect the following advantages of Amazon Pay ICICI Credit Card:
Life-time free Credit Card with no joining or annual fee which brings down the cost of the card.
The rewards earning potential of Amazon Pay ICICI Credit Cards have no limits.
You can redeem your rewards on www.amazon.in and purchase from over 10cr. products available.
Earn up to 5% cashback on expenditures made on amazon for prime customers.
Earn up to 3% cashback on expenditures made on amazon for non-prime customers.
Earn up to 2% cashback on payments made to Amazon Pay Merchant Partners.
Earn up to 1% cashback on all other transactions.
A longer Credit card validity of 4 years.
A transaction of Rs. 3000 or above can make you eligible for 6 months interest-free EMI.
Well-trained Customer Care executives are available 24*7 at your service.
Up to 15% off on dining bills at designated restaurants.
1% on fuel surcharge waiver.
Disadvantages of amazon pay ICICI credit card
Below given are the disadvantages of amazon pay ICICI credit card:
You are not eligible for rewards on purchases converted into EMIs.
No higher reward points on transactions made on platforms other than Amazon.
No major Travel benefits are available.
The fuel surcharge is waived off only for transactions up to Rs 4000 per day.
Some rewards have an expiration period, for example, the Gift cards are only valid for 3 years from the point of issue.
Earning will only be in the form of Amazon Pay Balance.
The foreign currency markup fee is high due to which it is not suitable for International usage.
There are no incentives such as prizes, flight miles, or lounge access.
Other cashback credit cards provide higher incentives to non-Amazon consumers.
Overall, this credit card is perfect for consumers who do most of their shopping on Amazon. But if you are someone who wants a card that provides benefits on a wide number of categories then you may look for other options.
Additional Reading - ICICI Platinum Chip Credit Card vs Coral Credit Card
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