The Amazon Pay co-branded card is the most popular cashback credit card for ICICI Bank. But, there is another ICICI Bank cashback credit card that is not as popular – ICICI Bank Mine credit card. The ICICI Mine credit card is targeted at millennials and offers you good old cashback of 1% to 5% on spends. While the ICICI Mine card is technically LTF, we can activate plans for it to get better cashback similar to what AU LIT does. These plans range from Rs 49 to Rs 149 per month but are waived on meeting the target spends. Here is a detailed look into the ICICI Bank Mine credit card and its benefits.
Fees and Plans
ICICI Bank Mine is a freemium credit card. We have three plans – Starter, Pro and Premium in that order. Starter is the basic plan and there are no charges on it. The Pro and Premium plans have a monthly fee but we get better cashback and benefits on them. These plans can also get a charge waiver depending on your monthly spends.
| Plan | Charges | Spends required for waiver |
|---|---|---|
| Starter | Zero | None |
| Pro | Rs 49/month | Rs 10,000/month |
| Premium | Rs 149/month | Rs 20,000/month |
Cashback
| Spend Category | Starter Plan | Pro Plan | Premium Plan |
|---|---|---|---|
| Retail Spends | 1% | 1% | 1% |
| Amazon Prime, Big Basket, BookMyShow, Gaana, Blinkit, Inox, Ola, PVR, Swiggy, Zomato | 1% | 5% | 5% |
| Amazon, Fitternity, Furlenco, Goibibo, MakeMyTrip, Myntra | 1% | 1% | 5% |
| Maximum Cashback | Rs 100/month | Rs 200/month | Rs 750/month |
The Premium plan gets 5% cashback on more merchants than the Pro plan but with a higher subscription fee.
Railway and Airport Lounge Access
The Pro and Premium plans get access to railway lounge access while only the Premium plan has airport lounge access.
| Benefit | Starter Plan | Pro Plan | Premium Plan |
|---|---|---|---|
| Railway Lounge Access | Not available | 1 visit/month | 1 visit/month |
| Domestic Airport Lounge Access | Not available | Not available | 1 visit/month |
Other Key Benefits & Charges
- Fuel Surcharge Waiver: 1% waiver on all HPCL fuel pumps
- Foreign Currency Markup: 3.5%+GST ~4.1%
- Interest Charges: 3.4% per month
ICICI Bank Mine credit card vs the competition
We have many entry-level cards that offer excellent rewards for low or zero annual fees. For example, Axis Ace offers 1.5% on all spending and 5% on bill payments. ICICI’s Amazon Pay card is LTF and offers 1% to 5% rewards without any cap. The 5% cashback offered on select merchants is also available on HDFC Millennia or SBI Cashback. So, there is not much of an extra benefit in getting the ICICI Mine card unless you have other options.
The monthly fee waiver on the Mine card is another issue. Our credit card spending spikes during the festive season. So spend waivers and cashback caps always make more sense at an annual level. If ICICI Bank wants to target millennials with the Mine credit card, it needs to do better.
ICICI Bank Mine Credit Card
3 thoughts on “ICICI Bank Mine Credit Card Review”
Do they also report to CIBIL ?
I meant for this particular card.
Yes. All cards get reported to CIBIL. Sometimes, there is a delay of 3 to 6 months before they start reporting new accounts. We can always email ICICI Bank and ask them to report sooner.