“ICICI Bank Credit Card Updates: Rent Rewards End Feb 1, New Lounge Access Rules Apr 1”
Starting February 1, 2024, ICICI Bank will introduce alterations to credit card features and fees. This move follows adjustments seen in 2023 by top banks like HDFC, IDFC First, and SBI Card, focusing on limiting India airport lounge access.
ICICI Bank Credit Card Updates:
1. Rent and E-Wallet Rewards:
- Starting February 1, 2024, ICICI Bank ceases rewarding rent payments and e-wallet loading transactions, except for the Amazon Pay ICICI Bank credit card.
- Previously rewarding, these transactions will no longer accrue any reward points.
2. Dynamic Currency Conversion (DCC) Fee:
- Effective February 1, 2024, ICICI Bank introduces a Dynamic Currency Conversion (DCC) fee of 1% plus taxes.
- This fee applies to all international transactions conducted in Indian currency at global locations or with merchants in India registered abroad.
3. Utility Payment Rewards:
- From February 1, 2024, ICICI Bank extends reward points to include government transactions within the utility payment category.
- This alteration applies uniformly across all ICICI Bank credit cards.
4. Airport Lounge Access Criteria:
- Starting April 1, 2024, ICICI Bank alters the criteria for complimentary airport lounge access.
- Customers need to spend a minimum of ₹35,000 in the preceding calendar quarter to unlock one complimentary domestic airport lounge access for the subsequent quarter.
- This revised criteria specifically applies to certain ICICI Bank credit cards.
This revised spending criterion to avail complimentary airport lounge access in India will be applicable for below mentioned ICICI Bank credit cards:
Sure, here’s a list of the ICICI Bank credit cards mentioned:
- ICICI Bank Coral Credit Card
- ICICI Bank NRI Secured Coral Visa Credit Card
- ICICI Bank Coral American Express Credit Card
- ICICI Bank Secured Coral Credit Card
- ICICI Bank Coral Contactless Credit Card
- ICICI BANK NRI Coral Credit Card
- ICICI Bank LEADTHENEW Coral Credit Card
- ICICI Bank Coral Rupay Credit Card
- ICICI Bank MasterCard Coral Credit Card
- ICICI Bank Expressions Credit Card
- MINE Credit Card By ICICI Bank Visa Card
- MINE Credit card By ICICI Bank Mastercard
- ICICI Bank HPCL SUPER SAVER Visa Credit Card
- MakeMyTrip ICICI Bank Platinum Credit Card
- ICICI Bank Manchester United Platinum Credit Card
- Chennai Super Kings ICICI Bank Credit Card
- SPEEDZ ICICI Bank Credit Card
- ICICI Bank Parakram Select Credit Card
- ICICI Bank Business Blue Advantage Card
- ICICI Bank MakeMy Trip Mastercard Business Platinum Credit Card
Accessing Complimentary Airport Lounges in India:
- Eligible cardholders must show their valid, unexpired cards and a valid air ticket or boarding pass for travel on the same or following day at participating lounge entrances for entry.
- A nominal authorization charge of ₹2 will be levied on each eligible card at the lounge entrance.
- Notably, while free access generally applies to the cardholder, any accompanying guests may be subject to additional charge.
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