New Delhi: ICICI Financial institution introduced on Tuesday that it’s launching a co-branded bank card in an unique partnership with Amazon Pay. Amazon Pay is the web cost platform of e-commerce big Amazon. This card would be the first within the nation to allow Amazon Prime members to earn 5% reward factors on their purchases from Amazon.
Based on the ICICI Financial institution launch, the rewards factors are equal to the identical variety of rupees. Amazon Prime members will take pleasure in this because the reward factors are uncapped, non-expiring and might be redeemed for thousands and thousands of merchandise on Amazon. Clients who aren’t Amazon Prime members will get 3% reward factors on their purchases. They can even earn 2% reward factors on spendings at Amazon Pay accomplice retailers throughout classes corresponding to meals supply, utility funds, film ticketing and so on.
(Image Credit score – ICICI Financial institution launch)
The cardboard is out there solely on Visa so, clients may earn a reward at service provider places throughout the nation the place Visa playing cards are accepted. The rewards factors might be redeemed on Amazon from a list of greater than 160 million gadgets out there on the web site or by paying retailers who settle for Amazon Pay. Apart from rewards, clients can even get gasoline surcharge waivers, No-cost EMI provides & shock bonus factors throughout sale occasions on Amazon.in and Amazon Pay accomplice retailers.
Right here are the options of Amazon Pay ICICI Financial institution bank card:
1. 5% for Amazon Prime members and three% again for all different clients for buying on Amazon.in
2. 2% for all clients on spends on digital classes on Amazon.in corresponding to invoice funds, recharges, pockets load and so on.
3. 2% for all clients on spends on Amazon Pay retailers (e.g., Swiggy, Bookmyshow, Yatra, and plenty of extra)
4. 1% for all clients on spends on any service provider location within the nation, the place Visa playing cards are accepted. Clients additionally get fuel-surcharge waiver and no price EMI provides on a big choice. No earnings on gasoline, EMI transactions and gold purchases.
For a spending of Rs 1,000 within the card, the rewards will likely be as follows
The reward earnings are credit score month-to-month, after the billing cycle date of the cardboard to the shopper’s Amazon Pay steadiness beneath the ‘Present and Credit’ part.