Devaluation Of Amazon Pay ICICI Credit Card: No Longer The Preferred Card?

Devaluation of Amazon Pay ICICI Credit Card

Amazon Pay ICICI Credit Card is one of the preferred card because of it's features and simplicity of the reward structure. The cashback of Amazon Pay ICICI Credit Card is received in the form of Amazon Pay Balance which can be easily utilized on shopping on Amazon, paying bills and insurances. With the devaluation of the card effective from October 11, 2025, let's see what will change.

Why Amazon Pay ICICI Credit Card is the Preffered Card?

Because of it's reward structure as cashback as Amazon Pay, one can easily get the maximum benefit of the card. Apart from fuel refilling, whether the card is used for insurance payment or gold purchase, one gets flat 1% cashback which is the benefit which other cards don't offer.

Devaluation, Amazon Pay ICICI Credit Card — Devaluation of Amazon Pay ICICI Credit Card: No longer the Preferred Card?

For bill payments on amazon pay the card offers 2% cashback. The card also provides 5% cashback for amazon prime members and 3% cashback for amazon non prime members.

But the benefit of the card is no longer to be continued. ICICI bank has announced a major changes to the card.

What are the Major two changes?

The changes will effect from October 11, 2025.

GOOD NEWS	BAD NEWS
Forex Charges Have Been Lowered	List of Exclusions Has Been Increased.

Also Read: Best Rupay Credit Card: Top 10 Rupay Credit Cards

Forex Charges Have Been Lowered

International Forex Mark-up has been reduced to 1.99%

List of Exclusions Has Been Increased.

Following transactions now will be eligible for cashback:

For transactions on Amazon.in, Amazon Pay and Amazon Partners: Transactions made on gold coins, EMI, rent, tax payments and education.
For other Merchant transactions: Transactions made on EMI, rent, fuel, tax, education, utilities and international transactions.

Category	Merchant Category Code (MCC)
Utility	4899, 4900, 4901, 3887, 4897, 5416, 5417, 4812, 4813, 4814, 4815, 4821, 4896, 4902, 3886
Rent	7014, 7407, 5271, 6513
Fuel	1361, 3851, 5172, 5541, 5542, 5983, 9752, 5555
Tax	9311, 9313
Education	8211, 8220, 8241, 8244, 8249, 8299, 8493, 8494, 7911

Also Read: The Ultimate Review: Tata Neu HDFC Credit Card Benefits and How to Apply

Should you opt for the card now?

Amazon Pay ICICI Credit card is a lifetime free card with no joining fee and annual fee. Also the card continues to offer 5% cashback for prime members and 3% cashback for non prime members on shopping on amazon.

The only downside is the list of exclusion has been increased and cashback will not be eligible for those transactions effective Oct 11, 2025.

Should you apply for the card? Should you close your existing card?

The answer is NO. The card still offers very good benefits and comes with zero annual and joining fee. So it is the must have card on the wallet.

Frequently Asked Questions

Can you still get the same cashback benefits?

Yes, the card continues to offer 5% cashback for prime members and 3% cashback for non prime members on shopping on amazon.
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What is the International Forex Mark-up charge?

International Forex Mark-up has been reduced to 1.99%.
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Is the card still lifetime free?

Yes, Amazon Pay ICICI Credit card is a lifetime free card with no joining fee and annual fee.

Disclaimer: The views and opinions expressed are solely those of the author and do not necessarily reflect the official policy or position of Finostry. The information provided in this review is for informational purposes only and should not be considered as professional advice.

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Loves to write about personal finance, credit cards rewards, banking, mutual funds, fixed deposits, savings strategies, investment planning, tax-saving options, digital banking and wealth building techniques. With over 12 years of experience he aims to provide practical financial knowledge that is easy to understand for both beginners and experienced readers.