MakeMyTrip ICICI Bank Credit Card
The MakeMyTrip ICICI Bank Credit Card is perfect for people who travel often and book their trips on MakeMyTrip. It comes with an annual fee of ₹999, making it a great choice for frequent travelers. Along with this fee, the card offers great benefits, like a ₹1,000 voucher for MakeMyTrip and a MMTBLACK Gold Membership, which gives extra discounts on bookings. A unique feature of this card is that users get two cards-one on the RuPay network and one on Mastercard. The RuPay card can be linked to UPI for easy online payments and rewards.
Cardholders can earn myCash rewards when they spend on bookings through MakeMyTrip. For every ₹200 spent on hotel bookings, users get 6 myCash, which is a 3% reward. For flights, bus, and cab bookings, users earn 3 myCash for every ₹200 spent. Besides rewards, the card also offers benefits like access to airport lounges in India and abroad, along with low foreign exchange charges. It’s a solid option for anyone who travels regularly and wants to save money while enjoying additional perks.
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.
MakeMyTrip ICICI Credit Card: Benefits, Rewards, and Features
The MakeMyTrip ICICI Credit Card is a travel-focused card designed for frequent travelers, holiday planners, and anyone who books trips online. It offers a range of benefits including myCash rewards, complimentary airport lounge access, low Forex charges, and exclusive movie ticket offers. With this card, you can save money while making your travel bookings smoother and more enjoyable.
Welcome Benefits for New Cardholders
When you join, the MakeMyTrip ICICI Credit Card offers an exciting welcome package:
- ₹1,000 MakeMyTrip Voucher: Issued within 45 days of paying the joining fee. No minimum booking is required, and the voucher is valid for 3 months.
- MMTBLACK Gold Membership: Valid for 12 months. Existing Gold members get their membership extended by an additional 12 months.
Example: If you book a ₹5,000 hotel using your voucher, you immediately save ₹1,000.
Earn myCash on Every Eligible Spend
The card allows you to earn myCash rewards on almost all eligible spends. This cash can be redeemed for MakeMyTrip bookings, partner vouchers, or holiday packages. One myCash equals ₹1, and it never expires.
myCash Rewards by Spend Category
| Spend Category | myCash Earned |
|---|---|
| Hotel bookings on MakeMyTrip | 12 myCash per ₹200 spent |
| Flight, cab, bus, and holiday bookings on MakeMyTrip | 6 myCash per ₹200 spent |
| Domestic and international spends outside MakeMyTrip | 2 myCash per ₹200 spent |
| Insurance payments | 2 myCash per ₹200 spent (up to 1,000 myCash/year) |
Transactions not eligible for myCash:
- Rent payments
- Cash withdrawals
- Fuel purchases
- Gambling
- Commercial transactions
Why myCash Rewards Are Useful
The myCash system is designed to maximize your savings on travel-related spends.
Real-Life Example: If you spend ₹50,000 on hotel bookings in a year, you earn 12 myCash for every ₹200 spent. That totals ₹3,000 in rewards. Add flights, cabs, and holiday bookings, and you can easily earn ₹4,500+ in myCash rewards annually.
These rewards, combined with other perks, make the card extremely valuable for frequent travelers and family vacation planners.
Airport Lounge Access: Travel in Comfort
With the MakeMyTrip ICICI Credit Card, primary cardholders enjoy complimentary airport lounge visits:
- 2 visits to domestic lounges every 3 months (total 8 visits in a year)
- 1 international lounge visit per year
Add-on cardholders do not get lounge access.
Example: On a 3-hour layover at Mumbai airport, you can relax in a quiet lounge with free Wi-Fi and refreshments instead of waiting in crowded departure areas.
Free Movie Tickets: Entertainment Perks
Enjoy two free movie tickets every month via BookMyShow or Inox. The offer applies to both RuPay and Mastercard variants, allowing one free ticket per card type per month. The maximum discount on the second ticket is ₹150, giving potential savings of ₹300 per month or ₹3,600 annually.
Example: Watch two movies every month using this offer, and you save ₹3,600 in a year while enjoying cinema entertainment with friends or family.
Low Forex Charges for International Travel
International travelers benefit from a 0.99% Forex fee, which is much lower than the 3.5% typically charged by most credit cards. This makes it ideal for online purchases in foreign currency or overseas trips.
Example: If you spend $1,000 abroad, you save roughly ₹825 in Forex charges compared to other standard cards.
Annual Fee & Waiver
The card has an annual fee of ₹999, but it can be waived if you spend ₹3 lakh or more in a card anniversary year. If the spending requirement isn’t met, the ₹999 fee applies, but a ₹1,000 MakeMyTrip voucher is credited upon fee realization.
List: Key Annual Benefits
- Annual fee: ₹999
- Get fee waived when you spend ₹3 lakh or above.
- Voucher: ₹1,000 credited if fee is paid
- Maximum travel savings: Combined with myCash rewards
Why Travelers Prefer the MakeMyTrip ICICI Credit Card
This credit card is designed specifically for frequent travelers and online booking enthusiasts. Here’s why:
- Maximize Travel Rewards: myCash rewards are highest when booking through MakeMyTrip.
- Travel Comfort: Complimentary domestic lounge visits and one international lounge access every year.
- Entertainment Savings: Free movie tickets every month.
- International Advantage: Low Forex charges make overseas spending cheaper.
Real-Time Example: A family of four books a holiday trip worth ₹2 lakh:
- Hotel myCash earned: ₹12,000
- Flights & cabs myCash earned: ₹6,000
- Movie savings: ₹3,600
- Get ₹21,600 in rewards and savings on one holiday trip.
Discontinued MakeMyTrip ICICI Credit Cards
ICICI Bank previously offered MakeMyTrip Signature and Platinum Cards, but these have been discontinued. The current MakeMyTrip ICICI Credit Card is the only valid option.
Bottom Line
The MakeMyTrip ICICI Credit Card is ideal for frequent travelers, families planning vacations, and anyone who books flights, hotels, or holiday packages online. With myCash rewards, complimentary airport lounge access, and monthly movie perks, it ensures you get maximum value from every booking made through MakeMyTrip. Low Forex charges also make international trips more affordable.
By using this card for your travel and entertainment expenses, you can earn significant rewards and save money throughout the year. Whether it’s a weekend getaway, a family holiday, or an overseas trip, this card provides comfort, convenience, and cost-effective travel benefits in one package.
Can I use this credit card for international transactions?
Yes, but it must be activated via iMobile or Retail Internet Banking (RIB) before use.
Is there an annual fee waiver?
Yes, the annual fee is waived if yearly spending exceeds ₹2.99 lakh.
Does the MakeMyTrip ICICI Credit Card have zero forex charges?
No, but it offers a low forex fee of 0.99%, significantly lower than the standard 3% to 3.5% on international transactions.
When will I receive my joining voucher?
After paying the membership fee, you will get a ₹1,000 voucher within 45 business days.
What are the annual benefits of this credit card?
Cardholders receive a ₹1,000 hotel voucher valid for three months.
Can existing ICICI Bank credit cardholders apply for this card?
Yes, they are eligible to apply.
How can I check my MyCash or Reward Points?
You can check your balance using the MakeMyTrip app.
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This breakdown of the…
This breakdown of the MakeMyTrip ICICI Bank credit card is clear and practical.
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