As promised by ICICI Bank at the time of launching the Emeralde Private Metal Card and Times Black Card, they have introduced their Accelerated Rewards Portal, iShop by ICICI Bank. Through this portal, ICICI Bank cardholders can earn accelerated rewards when purchasing gift vouchers, booking flights, and reserving hotels.
The portal is similar to HDFC Bank’s SmartBuy for HDFC customers. However, ICICI Bank also offers accelerated rewards to its debit card and net banking customers, even if they don't have an ICICI credit card. The portal appears to be in beta testing, as ICICI Bank has added a "Beta" tag to the iShop logo. So, expect changes in rules and capping.
Let's dive into the details of this portal!
The value of credit and debit card reward points depends on the card you hold. For example, with the ICICI Bank Emeralde Private Metal Credit Card, 1 reward point = ₹1.
Reward Redemption Fees: You will be charged Rs. 99 + GST per successful redemption except for Emerald Private Metal Credit Card and Times Black Card.
How to Access the iShop Portal
Login URL: https://icicibank.com/ishoplogin
Log in using your mobile number and access the portal to purchase gift vouchers, book flights or hotels, and earn accelerated reward points. You can also use the portal to redeem your card's reward points.
Spends Required to Earn the Maximum Possible Bonus Points:
iShop Bonus Points Time-frame:
1. Is the bonus points capping applicable per statement cycle or per calendar month?
Answer: The bonus points capping is applicable per calendar month.
2. When will the bonus reward points be credited after completing transactions on iShop?
Answer: Typically, your ICICI Reward Points/Cashbacks are credited to your ICICI Bank Credit Card/Debit Card within 90 days of the transaction or from 45 days of the completion of travel/stay, whichever falls later.
This is an amazing launch from ICICI Bank. ICICI Bank has often been tagged as a low-rewarding credit card issuer, but with this portal launch, customers can now earn significant bonus reward points using their ICICI Bank credit cards. This is a great way to revamp the bank's credit card portfolio.
One key expectation from ICICI Bank is that they should enter the airmiles game as soon as possible. According to some sources, they are already working on it. They are also aiming to launch a hotel co-branded credit card soon.
Original thread started by @Infamous. Credit for editing the old post: @BVC, @Talkwithfino, @Gkcards and @Pavvan.
The portal is similar to HDFC Bank’s SmartBuy for HDFC customers. However, ICICI Bank also offers accelerated rewards to its debit card and net banking customers, even if they don't have an ICICI credit card. The portal appears to be in beta testing, as ICICI Bank has added a "Beta" tag to the iShop logo. So, expect changes in rules and capping.
Let's dive into the details of this portal!
Reward Earning on iShop Portal
Credit Cards & Debit Cards:- 6X Reward Points on Flight Bookings & Shopping Vouchers
- 12X Reward Points on Hotels
- 4% Cashback for co-branded ICICI cards
- 3% iCash on Flight Bookings
- 6% iCash on Hotels
- NA% iCash on Shopping Vouchers
Redemption on iShop Portal
You can redeem your credit card reward points on the iShop portal.The value of credit and debit card reward points depends on the card you hold. For example, with the ICICI Bank Emeralde Private Metal Credit Card, 1 reward point = ₹1.
Redemption Options:
- Flight Booking: You can pay 100% of the order value using reward points.
- Hotel Booking: You can pay 90% of the order value using reward points, and the remaining 10% must be paid using the same credit card.
- Shopping Vouchers: You can pay 50% of the order value using reward points, with the rest paid via card.
For Net Banking Customers:
- Instead of reward points, Net Banking Customers receive iCash from iShop (1 iCash = ₹1).
- For flights, hotels, and gift vouchers, you can use a maximum of 80% iCash, and the remaining 20% must be paid via net banking.
Reward Redemption Fees: You will be charged Rs. 99 + GST per successful redemption except for Emerald Private Metal Credit Card and Times Black Card.
How to Access the iShop Portal
Login URL: https://icicibank.com/ishoplogin
Log in using your mobile number and access the portal to purchase gift vouchers, book flights or hotels, and earn accelerated reward points. You can also use the portal to redeem your card's reward points.
Capping on Accelerated Reward Points
The cap on accelerated reward points through iShop depends on the ICICI credit or debit card you hold.Credit Cards:
- ICICI Emeralde Private Metal Credit Card: 18,000 Bonus Points
- ICICI Times Black Credit Card: 15,000 Bonus Points
- ICICI Emeralde PVC Credit Card: 12,000 Bonus Points
- ICICI Diamant World Credit Card: 12,000 Bonus Points
- ICICI Other Credit Cards (Coral, CSK, HPCL, ManU, Parakram, Rubyx, Sapphiro): 9,000 Bonus Points
- ICICI Co-Branded Credit Cards (Amazon, Adani, Emirates, MMT, etc.): ₹1,100 Cashback
Debit Cards:
- ICICI Sapphiro & Expressions Sapphiro Debit Card: 9,000 Bonus Points
- ICICI Rubyx & Expressions Coral Debit Card: 9,000 Bonus Points
- ICICI Private, Wealth, Coral & Expressions Debit Card: 7,250 Bonus Points
- ICICI Other Debit Cards: 7,250 Bonus Points
Reward Rate:
The reward rate varies based on your card variant.| Card Name | Card Base Reward Rate | Reward Rate On Flight Booking | Reward Rate On Hotel Booking | Reward Rate On Bus Booking | Reward Rate On Gift Vouchers |
|---|---|---|---|---|---|
| ICICI Emeralde Private Metal Credit Card | 3% | 18% | 36% | 18% | 18% |
| ICICI Times Black Credit Card | 2% | 12% | 24% | 12% | 12% |
| ICICI Emeralde PVC Credit Card | 1% | 6% | 12% | 6% | 6% |
| ICICI Diamant World Credit Card | 0.75% | 4.5% | 9% | 4.5% | 4.5% |
| ICICI Other Credit Cards | 0.50% | 3% | 6% | 3% | 3% |
| ICICI Co-Branded Credit Cards | Various | 4% | 4% | 4% | 4% |
Spends Required to Earn the Maximum Possible Bonus Points:
| Credit Card Name | Overall Bonus Point Capping On iShop | Spends Required For 6X Categories | Spends Required For 12X Categories |
|---|---|---|---|
| ICICI Emeralde Private Metal Card | 18,000 | Rs. 1,20,000 | Rs. 54,600 |
| ICICI Times Black Card | 15,000 | Rs. 1,50,000 | Rs. 68,200 |
| ICICI Emeralde Plastic Card | 12,000 | Rs. 60,000 | Rs. 27,300 |
| ICICI Diamant World Card | 12,000 | Rs. 80,000 | Rs. 36,400 |
| ICICI Bank Other Credit Cards | 9,000 | Rs. 90,000 | Rs. 41,000 |
| ICICI Bank Co-Branded Credit Cards | Rs. 1,100 | Rs. 27,500 (4% Cashback) | Rs. 18,400 (6% Cashback) |
iShop Bonus Points Time-frame:
1. Is the bonus points capping applicable per statement cycle or per calendar month?
Answer: The bonus points capping is applicable per calendar month.
2. When will the bonus reward points be credited after completing transactions on iShop?
Answer: Typically, your ICICI Reward Points/Cashbacks are credited to your ICICI Bank Credit Card/Debit Card within 90 days of the transaction or from 45 days of the completion of travel/stay, whichever falls later.
This is an amazing launch from ICICI Bank. ICICI Bank has often been tagged as a low-rewarding credit card issuer, but with this portal launch, customers can now earn significant bonus reward points using their ICICI Bank credit cards. This is a great way to revamp the bank's credit card portfolio.
One key expectation from ICICI Bank is that they should enter the airmiles game as soon as possible. According to some sources, they are already working on it. They are also aiming to launch a hotel co-branded credit card soon.
Original thread started by @Infamous. Credit for editing the old post: @BVC, @Talkwithfino, @Gkcards and @Pavvan.
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