Question 1

What is the annual fee on the Amazon Pay ICICI Bank Credit Card and how do you get it waived?

Accepted Answer

The Amazon Pay ICICI Bank Credit Card is a lifetime free card, so there is no joining fee and no renewal fee to recover. Everything you earn on it is net gain, which also means the only thing worth watching is the reward caps and the excluded categories. Check that the card still has no fee on your welcome letter, because ICICI Bank prices some variants differently.

Question 2

How much cashback does the Amazon Pay ICICI Bank Credit Card give?

Accepted Answer

You get 5% back on Amazon.in purchases for Prime members. Other eligible spends earn 1%. On ₹10,000 of spend in the top category that is ₹500 back, so about ₹6,000 a year if you hit it every month. Fuel, EMI transactions, Purchases of gold/gold jewellery, Wallet loads earn nothing at all.

Question 3

What is the forex markup on the Amazon Pay ICICI Bank Credit Card?

Accepted Answer

The markup is 1.99% plus GST, which is ₹1,990 on ₹1L of overseas spend against ₹3,500 on a standard 3.5% card. The saving only counts if you also earn rewards on international spends, so check that they are not on the excluded list. Decline dynamic currency conversion at the terminal and pay in the local currency.

Question 4

What changed on the Amazon Pay ICICI Bank Credit Card recently and is it still worth it in 2026?

Accepted Answer

core 5% Amazon intact & forex cut to 1.99% (Oct 2025), but bill-pay reward cuts, 1% wallet fee ≥₹5,000 (Jan 2026), invite-only issuance. The changes are dated Oct 2025; Jan 15, 2026. It costs nothing to hold, so keep it as a backup card and stop treating it as your main one if your top category no longer earns.

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Amazon Pay ICICI Bank Credit Card

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