ICICI Bank Rubyx Credit Card
The ICICI Bank Rubyx Credit Card is India’s first dual platinum credit card, offering both Visa and Mastercard versions under one account. It is ideal for frequent travelers and big spenders, with a joining fee of ₹3,000 and an annual fee of ₹2,000. Cardholders enjoy benefits like discounts on movie tickets (BookMyShow & Inox), complimentary access to airport and railway lounges, free golf rounds, concierge services, and insurance coverage. You can also earn up to 4 Reward Points for every ₹100 spent, which can be redeemed for cash or gifts.
Additionally, the card provides welcome vouchers worth ₹5,000 or more and offers discounts on dining. If you spend enough in a year, you can get your renewal fee waived. Currently, only the Visa variant is available. With perks across travel, entertainment, and shopping, this card is a great option for those looking to save while enjoying premium benefits.
Rewards and Benefits
Fees & Charges
What should you consider before applying for a credit card in India?
Key Considerations Before Applying for a Credit Card in India:
- Eligibility Criteria: Ensure you meet the eligibility requirements, which typically include age, income, credit score, and employment status as defined by the issuing bank or financial institution.
- Credit Score: A strong credit score can significantly improve your chances of approval and result in more favorable terms, such as lower interest rates or higher credit limits. Verify that your credit score is healthy before applying.
- Interest Rates and Fees: Compare the annual percentage rates (APR), processing fees, late payment penalties, and foreign transaction charges associated with various cards. These costs can vary widely and impact the overall value of the card.
- Rewards and Benefits: Evaluate the rewards, cashback, discounts, or other perks offered by the card to ensure they align with your spending patterns. Some cards may provide better benefits in specific categories, such as travel, shopping, or dining.
- Credit Limit: Review the credit limit offered by the card to ensure it meets your financial needs. Avoid applying for cards with excessive limits if you are concerned about managing debt, as this can lead to higher interest charges.
- Repayment Terms: Understand the repayment structure, including the minimum payment amount, payment due dates, and any associated penalties. Being clear about these terms can help you manage payments effectively and avoid interest buildup.
- Card Type and Features: Choose a card type that matches your specific needs—whether standard, premium, or specialized cards like those offering travel rewards or dining privileges. Ensure the features of the card align with your lifestyle and spending habits.
- Bank’s Reputation: Opt for a financial institution with a proven reputation for customer service and transparency. Consider researching customer reviews and assessing their support channels to ensure reliable service.
- Hidden Charges: Be aware of any hidden fees, including annual fees, balance transfer charges, foreign transaction fees, or cash withdrawal charges. These can add up over time and affect the overall cost-effectiveness of the card.
- Credit Utilization: Maintain a balance within your credit limit to avoid high credit utilization ratios, which can negatively impact your credit score. Responsible use of credit is essential for maintaining financial health.
- Long-Term Financial Plans: Consider how the credit card fits into your overall financial strategy. Avoid accumulating unnecessary debt and choose a card that supports your long-term financial goals without adding financial strain.
ICICI Bank Rubyx Credit Card - Key Features & Benefits
The ICICI Bank Rubyx Credit Card offers a reward program that allows cardholders to earn points on different types of spending. These reward points can later be redeemed for vouchers, products, and other benefits.
For international transactions, the card provides 4 Reward Points for every ₹100 spent, which is roughly equal to a 1% reward rate. However, the card also charges a 3.5% forex markup fee, so it may not be the most cost-effective option for frequent international spending.
For domestic spending in India, you earn 2 Reward Points for every ₹100 spent, which gives a 0.5% reward rate. On utility payments and insurance transactions, the card provides 1 Reward Point for every ₹100 spent.
Example:
If you spend ₹20,000 on shopping in India, you will earn around 400 Reward Points. Since the redemption value is ₹0.25 per point, these points are worth about ₹100.
Reward Points Redemption
The reward points earned through the ICICI Bank Rubyx Credit Card can be redeemed in several ways. Cardholders can use their points for vouchers, shopping rewards, travel bookings, and items from the rewards catalogue.
Some common redemption options include:
- Gift vouchers from partner brands
- Products from the reward catalogue
- Travel vouchers for flights or hotels
- Other lifestyle rewards available on the redemption portal
The value of reward points is simple and transparent.
| Reward Points | Value |
|---|---|
| 1 Reward Point | ₹0.25 |
| 500 Reward Points | ₹125 |
| 1,000 Reward Points | ₹250 |
Example:
If you collect 4,000 Reward Points, you can redeem them for rewards worth ₹1,000.
Travel and Lifestyle Benefits
One of the major highlights of the ICICI Bank Rubyx Credit Card is its travel and lifestyle privileges.
Cardholders can enjoy 2 free visits to domestic airport lounges every quarter. To activate this benefit, you must spend ₹75,000 or more in a quarter.
The card also offers 2 complimentary railway lounge visits every quarter, available only for the primary cardholder. Railway lounges are available at major stations such as Delhi, Jaipur, Ahmedabad, Agra, Madurai, and Kolkata (Sealdah).
Example:
If you travel frequently between Delhi and Jaipur, you can use the railway lounge to relax before your train journey and enjoy seating, snacks, and Wi-Fi facilities.
Entertainment, Dining and Golf Benefits
The ICICI Bank Rubyx Credit Card provides entertainment and dining offers that can help you save on lifestyle expenses.
Cardholders can get 25% discount on movie tickets (up to ₹150) on BookMyShow. This offer is available two times every month when purchasing at least two tickets.
You can also enjoy special dining offers at partner restaurants through the ICICI Bank Culinary Treats Program.
Additional lifestyle benefits include golf privileges. Cardholders receive 1 complimentary golf round or lesson for every ₹50,000 spent in the previous month, with a maximum of two golf sessions per month.
Example:
If your monthly credit card spending is ₹60,000, you can enjoy a complimentary golf lesson at participating golf clubs.
ICICI Bank Rubyx Credit Card Key Benefits
The ICICI Bank Rubyx Credit Card is designed as a lifestyle credit card that offers benefits across travel, entertainment, dining, and shopping.
Some of the main benefits include:
- Welcome vouchers worth ₹5,000 or more
- Complimentary EazyDiner Prime membership for 3 months
- Airport lounge access for domestic travel
- Railway lounge access at selected stations
- Movie ticket discounts on BookMyShow
- Dining offers through the ICICI Culinary Treats Program
- Golf benefits based on monthly spending
- 24 hours customer assistance to help you with travel bookings and lifestyle services.
These features make the card useful for people who regularly spend on travel, dining, and entertainment.
ICICI Rubyx Credit Card Fees and Charges
Before applying for the ICICI Bank Rubyx Credit Card, it is important to understand its fees and charges.
| Charge Type | Amount |
|---|---|
| Joining Fee | ₹3,000 (first year) |
| Annual Fee | ₹2,000 from second year |
| Interest Rate | 3.75% per month (45% annually) |
| Cash Withdrawal Fee | 2.5% or ₹500 |
| Forex Markup Fee | 3.5% |
The annual fee can be waived if you spend ₹3 lakh or more in the previous year, which makes the card more rewarding for regular users.
ICICI Bank Rubyx Credit Card Eligibility
To apply for the ICICI Bank Rubyx Credit Card, applicants must meet certain eligibility requirements.
| Applicant Type | Age | Minimum Income |
|---|---|---|
| Salaried | 21 – 65 years | ₹75,000 per month |
| Self-Employed | 21 – 65 years | ₹9 lakh per year |
Applicants must also have a good credit score and stable income to increase the chances of approval.
How to Apply for the ICICI Bank Rubyx Credit Card
You can apply for the ICICI Bank Rubyx Credit Card either online or by visiting the bank branch.
Online application steps include:
- Click the Apply Now button on the official website
- Enter your personal and income details
- Upload the required documents
- Submit the application for verification
You can also visit your nearest ICICI Bank branch and submit the physical application form.
ICICI Bank Rubyx Credit Card Review
The ICICI Bank Rubyx Credit Card is a premium lifestyle credit card that offers a mix of reward points, travel benefits, entertainment discounts, and dining offers. It is suitable for people who spend regularly on shopping, travel, and dining.
With benefits such as airport lounge access, railway lounge access, milestone rewards, and concierge services, the card provides good value for users who can spend ₹3 lakh or more annually and take advantage of the annual fee waiver.
What are the income requirements for this credit card?
Salaried individuals need a minimum monthly income of ₹50,000, while self-employed applicants must earn at least ₹75,000 per month.
How much extra do I have to pay on the unpaid amount?
The card carries an interest rate of 3.40% per month, equivalent to 40.8% per year.
How can I use the reward points earned on my ICICI Rubyx Credit Card?
Reward points can be redeemed for cashback or gifts at a value of ₹0.25 per point by contacting customer care.
What are the main advantages of the ICICI Rubyx Credit Card?
It offers ₹5,000 worth of welcome vouchers, up to 4 reward points per ₹100 spent, discounts on dining and movies, and a renewal fee waiver upon meeting spending criteria.
Is the ICICI Rubyx Credit Card lifetime free?
Yes, new users receive ₹5,000 worth of travel and shopping vouchers within 30 days of paying the joining fee.
How many railway lounge visits are allowed per quarter?
Cardholders can enjoy up to 4 complimentary railway lounge visits every quarter (2 via Mastercard and 2 via American Express).
Does the card offer insurance coverage?
Yes, it includes an air accident insurance cover of ₹1 crore.
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