ICICI Bank and MakeMyTrip have introduced a new co-branded credit card – MakeMyTrip ICICI Bank Credit Card. Although ICICI Bank and MMT already had co-branded Visa Platinum and Visa Signature cards, this is a completely new product. This new MakeMyTrip ICICI Bank credit card comes in both a Mastercard and a RuPay variant. Once you’re approved, you get both Mastercard and RuPay cards. The MMT ICICI card comes with a joining fee and annual fee of Rs 1000, and it offers up to 6% rewards on purchases. There is a low forex markup of 0.99% as well as complimentary access to domestic and airport lounges. Check out our detailed review of the MakeMyTrip ICICI Bank credit card.
Fees
| Joining Fee | Rs 999+GST ~Rs 1179 |
| Welcome Benefit | 1 year MMTBLACK Gold membership MakeMyTrip Gift Voucher worth Rs 1000 (1 year validity) |
| Annual Fee | Rs 999+GST ~Rs 1179 |
| Renewal Benefit | MakeMyTrip Hotels Gift Voucher worth Rs 1000 on payment of annual fee (3 months validity) |
| Annual Fee Waiver | On Rs 3 Lakh spend in a membership year |
The MMT voucher on renewal should also have been an open GV that could have been used for flights too. Limiting it to hotels does not exactly compensate for the annual fee.
Complimentary MMTBLACK Membership
The complimentary MMTBLACK membership that we get with the MakeMyTrip ICICI Bank credit card comes with the below benefits:
- 1% myCash for every Rs 100 spent on booking hotels & homestays, holiday packages, cabs & buses
- 0.5% myCash for every Rs 100 spent on flight bookings
- Hotels and Homestays (valid on select properties)
- Minimum Extra 10% discount
- Guaranteed Room Upgrade
- Guaranteed Meal Upgrade
- Minimum 20% discount on spa, food & beverages
- Hotel credits
- Flat 25% off on one flight add-on like meals, date change, zero cancellation & fast forward service
- Two vouchers worth Rs 3500 off each – valid on bookings worth Rs 75,000 or more
Rewards
| Spend Category | Rewards |
|---|---|
| Hotel Bookings on MakeMyTrip | 6% myCash |
| Flight, Bus & Cab Bookings on MakeMyTrip | 3% myCash |
| Train Bookings on MakeMyTrip | 25 myCash/booking |
| Other Retail Spends | 1% myCash |
| Insurance Spends | 1% myCash up to Rs 1000 per membership year |
| EMI and Rent Payments | No myCash |
Each myCash is equivalent to Rs 1. The rewards are nothing great when we consider other entry-level credit cards. We have many LTF cards that will give you 1% or more return on spends. MakeMyTrip has credit card discounts for multiple banks throughout the week. So, the rewards on flights and hotel bookings are not that beneficial.
Complimentary Airport Lounge Access
| Type | Free Visits | Spends Required |
|---|---|---|
| Domestic Airport Lounge Access | 8 complimentary visits/year | NIL |
| International Airport Lounge Access (Priority Pass) | 1 complimentary visit/year | NIL |
This is probably the stand out feature on the MakeMyTrip ICICI Bank credit card. Most credit cards have imposed spend requirements for airport lounge access. But, the MakeMyTrip ICICI Bank credit card does not have any such requirement.
Other Key Benefits & Charges
- BookMyShow & INOX Offer: Buy 1 movie ticket and get 25% off up to Rs 150 on your second ticket on BookMyShow and INOX twice a month.
- Forex Markup: 0.99%+GST. With the 1% myCash on international spends, the effective forex markup will be close to zero.
Final Thoughts
While this existing MakeMyTrip ICICI Bank Platinum & Signature credit cards came only with an one-time joining fee and no annual fee, the new MakeMyTrip ICICI Bank credit card has an annual fee of Rs 999 for every year. Considering the annual fee, the rewards offered by the new MMT ICICI card are less compared to the competition. For example, we get between 1% to 5% rewards on all spends with the LTF Amazon Pay ICICI Bank credit card. Another LTF card that offers good cashback is the AU Xcite Ace.
However, the benefits on the MakeMyTrip ICICI Bank credit card are quite good. We get 8 complimentary visits to domestic airport lounges and 1 visit to international airport lounges without any spend conditions. So, the MakeMyTrip ICICI Bank credit card is worth considering along with the joining and renewal benefit.
Frequently Asked Questions
No, there is no complimentary railway lounge access on the new MMT ICICI credit card.
Yes, we get both domestic and international airport lounge access on the new MMT ICICI Bank credit card.
MakeMyTrip ICICI Bank credit card has 0.99% forex mark up charges.
The MakeMyTrip ICICI Bank credit card gets a Buy One Get One offer of up to Rs 150 twice per month on BookMyShow and Inox.
MakeMyTrip ICICI Bank Credit Card
