ICICI Bank and MakeMyTrip Introduce Premium Credit Card: Features and Fees Unveiled

ICICI Bank has partnered with MakeMyTrip (MMT) to introduce a premium co-branded credit card tailored for travel enthusiasts in India. This new offering comes in two variants: one powered by Mastercard and the other by RuPay, catering to a diverse customer base. With a focus on providing rewards and benefits for frequent travelers, the card is designed to enhance the travel experience while offering various financial incentives.

Key Features of the Credit Card

Unlimited Rewards on Travel Expenses

The MakeMyTrip ICICI Bank Credit Card stands out with its promise of unlimited rewards that never expire. Cardholders can earn rewards in the form of myCash, MakeMyTrip's reward currency. This innovative system allows customers to earn:

• 6% myCash on hotel bookings.

• 3% myCash on flights, holiday packages, cabs, and buses.

• 1% myCash on all other retail purchases.

For reference, one myCash point is equivalent to ₹1, making it easy for cardholders to understand and utilize their rewards.

Complimentary Membership Benefits

In addition to the reward points, cardholders receive a complimentary MMTBLACK Gold membership. This exclusive membership provides a range of benefits, including:

• Discounts and Upgrades: Members can enjoy at least 10% off on room and meal upgrades at select hotels.

• Food and Spa Discounts: Enjoy 20% off on food and spa services.

• Flight Add-Ons: Receive 25% off on flight add-ons, enhancing the overall travel experience.

These membership perks further elevate the value of the card for those who frequently use MakeMyTrip for their travel arrangements.

Fees and Charges

Forex Mark-Up Fee

The card comes with a forex mark-up fee of 0.99% for international transactions. This feature allows cardholders to earn an additional 1% myCash on all forex transactions, making it advantageous for those who travel abroad and engage in international purchases.

Annual Fees and Joining Costs

The ICICI Bank and MakeMyTrip credit card is priced with a joining fee and an annual fee of ₹999 plus GST. Upon payment of this fee, customers receive a MakeMyTrip gift voucher worth ₹1,000, effectively offsetting the initial cost of acquiring the card.

Waiving the Annual Fee

Additionally, if a cardholder spends ₹3 lakh within an anniversary year, the annual fee is waived. This feature incentivizes high spending and rewards loyal customers with continued access to the card’s benefits without the burden of annual fees.

Exclusive Airport Lounge Access

Cardholders enjoy enhanced travel convenience with eight domestic and one international airport lounge access per year. This benefit is particularly appealing for frequent flyers, providing a comfortable and relaxing space to unwind before flights.

Additional Perks and Offers

The credit card also offers several exciting promotions, including:

• Movie Ticket Discounts: Cardholders can take advantage of a Buy 1 Get ₹150 off offer on the second movie ticket when booking through BookMyShow and Inox. This benefit adds an element of leisure to the card's offerings.

• No-Cost EMI: Customers can also enjoy no-cost EMI for three months on all MakeMyTrip transactions, making travel planning more affordable and manageable.

Conclusion

The collaboration between ICICI Bank and MakeMyTrip has resulted in a premium credit card that combines financial rewards with travel benefits, catering specifically to travel enthusiasts in India. With its attractive features, including unlimited rewards, complimentary memberships, and various discounts, this credit card is poised to enhance the travel experience for its users. By offering a blend of convenience, savings, and rewards, the MakeMyTrip ICICI Bank Credit Card is an appealing choice for those who frequently engage in travel-related spending.