Synopsis: The Amazon Pay ICICI credit card is arguably one of the best cashback credit cards in the market that gives an unlimited 5% cashback on all amazon purchases. In this guide, we will show you how relevant the Amazon Pay ICICI credit card is in 2026.
The Amazon Pay ICICI credit card is a co-branded credit card, partnered with Amazon which was launched in 2018. Since its launch, the card has been one of the largest co-branded cards in India, retaining the core USP of 5% on unlimited cashback on all Amazon purchases. However, should one apply for this credit card in 2026? Let us find out.
Amazon Pay ICICI Bank Credit Card
- Fees and charges
- Joining fees: Nil
- Annual fees: Nil
- Interest rate: 3.75% interest rate per month
- Late payment fee: ranging from Rs 100 to Rs 1,300
- Forex markup: 1.99%
Rewards structure
- 5% cashback for Amazon prime members on eligible purchases. 3% cashback for non-prime members.
- 2% cashback with the card for using partner merchant sites.
- 1% unlimited rewards on spends outside amazon.
Key benefits and perks
- Fuel benefit: 1% surcharge waiver on all fuel spent.
- Dining benefit: complimentary Eazydiner prime membership for 1 month.
- Prime membership: Rs 500 off on Amazon Prime membership.
The positives of the Amazon Pay ICICI credit card:
Unlimited 5% cashbacks on all amazon purchases: the Amazon Pay ICICI credit card offers up to 5% cashback on all amazon purchases. Exclusions like purchases of physical and digital gold on Amazon, transactions like rent and taxes and utilities payments outside Amazon don’t earn cashbacks.
For normal purchases and daily products, this credit card gives you unlimited cashback. This also applies to purchases like gadgets and electronics.
2% cashback on insurance and utility payments: cardholders can get 2% cashback on insurance premiums and utility payments via Amazon app/website. Amazon only allows insurance premiums up to Rs 1 lakh. In addition, only six premium payments can be made in a month using credit cards/Amazon Pay.
Furthermore, while you get 2% cashback on utility bills, ICICI Bank will levy a charge of 1% or utility payment transactions exceeding 50k in a month. These restrictions are in place to ensure that retail credit cards are not used for business purposes.
1% unlimited rewards on spends outside amazon: the Amazon Pay ICICI credit card is one of the rare credit cards that give cashbacks for transactions done outside Amazon. However as per the new rules introduced by ICICI bank, from 15th January 2026, there will be a 1% fee on a wallet load of 5000 or more. This means that the user can get a cashback if the wallet load is below Rs 5,000.
The negatives of the Amazon Pay ICICI credit card:
Cashback only in the form of Amazon pay balance: the cashback won on transactions will only be limited to your Amazon wallet. This forces the user to spend within the Amazon ecosystem.
No add-on cards: the Amazon Pay ICICI credit card is only limited to the user only and no add-on cards available.
Cashbacks being blocked: many posts on twitter and reddit show that cashbacks of cardholders have been blocked. These scenarios were led by either the transactions were done on Amazon business accounts, or the cardholders had outsized their transaction limit running into multiple lakhs per month.
Also Read: IndusInd Platinum Aura Edge Credit Card: Shopping Rewards, Points and Detailed Overview (2026)
A detailed comparison of the cashback among banks:
| Credit Card | Insurance Payments | Utility Bill Payments | Travel Booking | Wallet Load |
| Amazon Pay ICICI Credit Card | 2% cashback on insurance via Amazon Pay (T&C apply) | 2% cashback via Amazon Pay on utility bills | Up to 5%/3% on travel bookings via Amazon Pay (Prime/Non-Prime) | 1% cashback on wallet loads (Amazon Pay) |
| Axis Bank Ace Credit Card | Varies (no focused insurance rewards widely noted) | 5% cashback on utility bill payments via Google Pay | No special travel category (general 1–2% on others) | N/A (typical cards don’t reward wallet load) |
| SBI Cashback Credit Card | Not rewarded (excluded from online cashback) | Limited / not rewarded in many cases (depends on channel) | 5% cashback on online travel spends (as part of online category) | Typically excluded from rewards |
| HDFC Millennia Credit Card | Not specifically rewarded (usually general 1% in misc. spends) | No special utility reward category (general cashback) | 5% cashback on travel via select partner platforms (online) | Excluded (typical policy) |
| Flipkart Axis Bank Credit Card | Usually not rewarded (excluded categories) | Not covered in core rewards frameworks | General 1% on non-partner spends (higher on specific categories) | Not rewarded |
In the comparison table given above, Amazon Pay ICICI clearly overpowers all the credit cards with their attractive cashbacks. However, the only legitimate drawback lies in optimising your spendings that will be only to use within the Amazon ecosystem.
This credit card is among the best credit cards out there and you should definitely apply for one. The only way to optimise the spendings is by exclusively spending within the Amazon ecosystem.
Written by Atin Kevin
