Riya, a 28-year-old marketing professional, spends ₹15,000 monthly on groceries, dining, and travel. By upgrading to the Pro 49 plan, she earns 5% cashback on Swiggy, Zomato, and BookMyShow, saving ₹750/month. Over a year, this adds up to ₹9,000 in rewards.

The ICICI Mine credit card can help you save a lot of cash. Let’s learn how the ICICI mine credit card can help you.

ICICI Mine Credit Card Overview

ICICI Mine Credit Card is a differentiated product that specifically addresses the needs of today's consumers. The card offers spending benefits on an everyday basis as well as lifestyle benefits, positioning it as an excellent option for those who desire rewards and the efficient management of expenses. This card is targeted at those seeking a hassle-free and rewarding credit experience.

Key Highlights of ICICI Mine Credit Card

Feature	Details
Best For	Millennials, frequent travellers, and lifestyle spenders.
Joining Fee	Starter: ₹0 \| Pro 49: ₹49 \| Premium 149: ₹149
Renewal Fee	Same as the joining fee (waived if monthly spending meets criteria).
Rewards	Up to 5% cashback on key brands like Amazon, Swiggy, and MakeMyTrip.
Lounge Access	Complimentary railway and airport lounge visits (Premium plan).
Fuel Benefits	1% surcharge waiver at HPCL pumps (up to ₹4,000 per transaction).

Exclusive Benefits of ICICI Mine Credit Card

1. Goibibo Travel Offers

Maximise savings on flights and hotels:

Coupon Codes for Maximum Savings on Flights and Hotels

Coupon Code	Category	New Users	Existing Users
ICICIGOF	Domestic Flights	6% off (up to ₹800)	4% off (up to ₹600)
ICICIGODH	Domestic Hotels	7% off (up to ₹5,000 on select hotels)	Not applicable

Terms:

Valid only on Goibibo’s website/app.
Wallet payments are excluded.

Savings Example:

Booking a ₹15,000 hotel? Use “ICICIGODH” to save ₹1,050.

2. Lounge Access Privileges

Relax at premium lounges across India:

Plan	Railway Lounges	Airport Lounges
Pro 49	1 per month	NO
Premium 149	1 per month	1 per month (Domestic)

Popular Lounges:

Mumbai: Plaza Premium (T2), Travel Club Lounge (Domestic).
Delhi: Bird Lounge (T3).

How to Access:

Present your card and boarding pass at the lounge.
For railway lounges, visit Mastercard Lounges.

3. Fuel Surcharge Waiver

Save 1% on fuel at HPCL pumps:

Transaction Limit	Waiver	Monthly Savings (If You Spend ₹4,000)
Up to ₹4,000	1%	₹40

Note: Only valid on ICICI Merchant Services POS machines.

4. Everyday Delight Offers

Weekly deals across categories:

Category	Example Offers
Food	20% off at Domino’s, Starbucks BOGO.
Fashion	15% off Myntra, ₹500 off on Ajio.
Travel	10% off Uber, ₹1,000 off MakeMyTrip bookings.

Credit Card Cashback & Rewards

The ICICI Mine Credit Card stands out with its generous cashback and rewards system, providing significant value for everyday expenses and lifestyle spending. Here’s a breakdown of its benefits:

Earning Reward points/Mine Cash

Everyday Spending: Earn 2 reward points/MineCash for every ₹100 spent on non-fuel purchases. This ensures that your routine expenses accumulate points, which can be redeemed later for various benefits.
Special Offers: The card may offer additional points on selected categories during promotional periods, maximising your earning potential.

Redeeming Reward points/MineCash

Flexible Redemption: Points can be redeemed for shopping vouchers, merchandise, and travel bookings through the ICICI Rewards portal.
Cashback Option: Reward points/MineCash can be converted into statement credit, helping reduce your monthly bill.

Fees of the ICICI mine credit card

Understanding the costs associated with the ICICI Mine Credit Card is essential to managing your finances effectively. Here’s an overview:

Interest Rates

Interest Rate: 40.8% per annum (3.40% per month)

Timely payments are essential to avoid high interest charges.

Fee Type	Starter	Pro 49	Premium 149
Joining Fee	₹0	₹49	₹149
Renewal Fee	₹0	₹49/month	₹149/month
Late Payment Fee	Up to ₹1,200 (based on the due amount)
Finance Charges	3.4% per month (40.8% annual)

Tip: Avoid late fees by setting up auto-pay for the minimum due amount.

Late Payment Fees

Read More – ICICI Bank Coral Credit Card

Late payments attract additional charges, so staying current with your dues is vital to avoid penalties.

Statement Balance (₹)	Late Payment Fee (₹)
Less than ₹100	Nil
₹100 to ₹500	₹100
₹501 to ₹5,000	₹500
₹5,001 to ₹10,000	₹750
₹10,001 to ₹25,000	₹900
₹25,001 to ₹50,000	₹1,000
More than ₹50,000	₹1,200

Pros & Cons of ICICI Mine Credit Card

Pros

Reward points/MineCash: Earn points on every purchase, enhancing the value of everyday spending.
Dining Discounts: Special discounts at partner restaurants.
Movie Ticket Offers: Exclusive deals on movie tickets.
Simple Fee Structure: Affordable joining and annual fees.
Cashback Redemption: Option to convert points into statement credit.

Cons

High Interest Rate: Carrying a balance can lead to steep charges.
Late Payment Fees: Delays can result in accumulating fees.

ICICI Mine Credit Card Eligibility Criteria

Parameter	Requirement
Age	21+ years
Occupation	Salaried or self-employed
Credit Score	750+ (recommended)
Documents	PAN, Aadhaar, salary slips (salaried), ITR (self-employed)

Required Documents

Applicants need to submit the following documents when applying:

Address Proof: Utility bills, rental agreements, or government-issued documents.
Income Proof: Recent salary slips or bank statements.
Identity Proof: PAN card, Aadhaar card, or passport.
Photograph: Recent passport-sized photo.
IT Returns: If applicable, recent income tax returns.

How to Apply for the ICICI Mine Credit Card

Online Application

Step 1: Visit the ICICI Bank Website Open a browser and go to the ICICI Bank website.

Step 2: Access the Credit Card Section Navigate to the “Cards” option and select “Credit Cards.”

Step 3: Select the Mine Credit Card Locate the ICICI Mine Credit Card and click on it.

Step 4: Start the Application Click the “Apply Now” button.

Step 5: Provide Personal Details Enter your mobile number, PAN card number, and employment type.

Step 6: Complete the Application Form. Provide personal, contact, professional, and financial details.

Step 7: Upload Documents Submit scanned copies of identity, address, and proof of income.

Step 8: Review and Submit Check all details and submit your application.

Step 9: Receive Confirmation Upon submission, you will receive a reference number to track your application status.

Offline Application

Visit the nearest ICICI Bank branch with the necessary documents and fill out the application form with assistance from the bank staff.

Also Read - ICICI Credit Card Statement

Tips for Responsible Credit Card Usage

Timely Bill Payments Avoid late fees and interest charges by setting up payment reminders or enabling auto-pay.
Maintain Low Credit Utilisation. Keep your spending below 30% of your credit limit to maintain a good credit score.
Avoid Unnecessary Debt Stick to a budget and use the card primarily for planned expenses.
Monitor Fees and Charges Review the fee structure regularly to avoid unexpected costs.
Build a Good Credit Score Timely payments and low credit utilisation help improve your credit score, enabling better financial opportunities in the future.

Detailed Breakdown of ICICI Mine Credit Card Plans

1. Starter Plan (Free)

Ideal for: occasional spenders or those testing the card.

Feature	Details
Cashback	1% on all retail spends (capped at ₹100/month).
Fuel Surcharge Waiver	1% waiver at HPCL pumps.
Everyday Offers	Deals on travel, groceries, fashion, and food.
Lounge Access	Not available.

Example:

Arjun spends ₹8,000/month on groceries and fuel. With the starter plan, he earns ₹80 cashback and saves ₹40 on fuel surcharges—total monthly savings: ₹120.

2. Pro 49 Plan (₹49/month)

Ideal for: moderate spenders who frequent key brands.

Feature	Details
Cashback	1% on retail + 5% on 10 brands (e.g., Swiggy, Zomato, BookMyShow).
Lounge Access	1 railway lounge visit per month.
Goibibo Discounts	7% off hotels (up to ₹5,000) and 4% off flights (up to ₹600).
Fee Reversal	Spend ₹15,000/month to waive the ₹49 fee.

Case Study:

Priya, a freelance designer, spends ₹12,000/month:

Spending Category	Amount Spent	Cashback/Benefit	Savings Amount
Swiggy/Zomato	₹5,000	5% Cashback	₹250
BookMyShow	₹3,000	5% Cashback	₹150
Fuel	₹4,000	1% Surcharge Waiver	₹40
Total Savings (per month)	-	-	₹440
Total Savings (after fee reversal)	-	-	₹490

3. Premium 149 Plan (₹149/month)

Ideal for: high spenders seeking luxury perks.

Premium 149 Plan: Key Benefits

Feature	Details
Cashback	1% on retail + 5% on 16 brands (e.g., Amazon, Myntra, MakeMyTrip).
Lounge Access	1 railway + 1 airport lounge visit per month.
Exclusive Offers	Free Eazydiner Prime membership, Mindhouse app subscription, Tata CLiQ discounts.
Fee Reversal	Spend ₹25,000/month to waive the ₹149 fee.

Example

Spending Category	Amount Spent	Benefit Type	Savings Amount
Amazon/Myntra	₹10,000	5% Cashback	₹500
Goibibo	₹5,000	7% Discount	₹350
Airport Lounge Visit	-	Complimentary (Worth ₹1,000)	₹1,000
Total Monthly Value	-	-	₹1,850
Monthly Fee Comparison	-	-	₹149

Net Benefit: ₹1,850 – ₹149 = ₹1,701/month in value.

Should You Apply for the ICICI Mine Credit Card?

Yes, if:

You spend ₹10,000–₹20,000/month on lifestyle categories.
You want the flexibility to switch plans monthly.
Lounge access and travel discounts matter to you.

No, if:

You prefer a card with no annual fees.
Your monthly spending is below ₹8,000.

Monthly Plan Switching Flexibility

Step-by-Step Guide on How to Switch Between Starter, Pro 49, and Premium 149 Plans

Switching between plans on the ICICI Mine Credit Card is simple and can be done through the ICICI Bank mobile app or Internet banking:

Login to ICICI Net Banking or Mobile App: Enter your credentials and go to the credit card section.
Select Your ICICI Mine Credit Card: Choose the card from your list of credit cards.
Navigate to Plan Management: Look for the 'Manage Plan' or 'Change Plan' option.
View Available Plans: You will see the Starter (Free), Pro 49 (Rs. 49/month), and Premium 149 (Rs. 149/month) plans.
Select the Desired Plan: Click on the plan you wish to choose.
Confirm the Change: Review the new cashback structure and fee details before confirming.

Scenarios Where Switching Plans Can Help Maximize Savings

Low Spending Month: If you expect to spend less than Rs. 15,000 monthly, staying on the Starter plan is better to avoid fees.
Moderate Spending Month (Rs. 15,000 to Rs. 25,000): Switch to Pro 49 for 1.5% cashback on online spending.
High Spending Month (Above Rs. 25,000): Premium 149 offers 2% cashback on online spending, making it the best choice.

Example:

Month	Spend (₹)	ICICI Mine Plan	Cashback Rate	Cashback Earned (₹)	Monthly Fee (₹)	Net Savings (₹)
April	₹10,000	Starter Plan	0.5%	₹50	₹0	₹50
May	₹20,000	Pro 49 Plan	1.5%	₹300	₹49	₹251
June	₹30,000	Premium 149 Plan	2%	₹600	₹149	₹451

How Switching Affects Cashback Calculations

Cashback is based on the plan active during the billing cycle.
If you switch mid-month, the higher plan is generally considered for the entire month.
Plan fees will be charged based on the selected plan unless waived by meeting spending requirements.

How ICICI Mine Credit Card Compares to Other Cashback Cards

Comparison with Similar Cashback Cards

Credit Card	Annual Fee	Cashback on Online Spends	Cashback on Other Spends	Key Benefit
ICICI Mine Credit Card	Rs. 0-1788	0.5% / 1.5% / 2%	0.5%	Flexible monthly plans
SBI Cashback Card	Rs. 999	5%	1%	High cashback on online shopping
Flipkart Axis Bank Card	Rs. 500	5% on Flipkart	1.5% other spends	Co-branded with Flipkart
Amazon Pay ICICI Card	Rs. 0	5% on Amazon (Prime users)	1%	Lifetime free with Amazon benefits

Understand it with an Example

Credit Card / Plan	Monthly Spend (₹)	Cashback Rate	Cashback Earned (₹)	Monthly Fee (₹)	Net Savings (₹)
ICICI Mine Pro 49 Plan	₹20,000	1.5%	₹300	₹49	₹251
SBI Cashback Card	₹20,000	5%	₹1,000	₹999 ÷ 12 = ₹83.25	₹916.75
Flipkart Axis Bank Card	₹20,000 (Non-Flipkart)	1.5%	₹300	₹0	₹300
Flipkart Axis Bank Card	₹20,000 (On Flipkart)	5%	₹1,000	₹0	₹1,000
Amazon Pay ICICI Card	₹20,000 (Non-Amazon)	1%	₹200	₹0	₹200
Amazon Pay ICICI Card	₹20,000 (On Amazon)	5%	₹1,000	₹0	₹1,000

Credit Limit and Increase Process

How ICICI Bank Determines Initial Credit Limit

Based on proof of income, credit score, and past credit behaviour,
Typically ranges from Rs. 30,000 to Rs. 3,00,000 for new applicants.

Steps to Request a Credit Limit Increase

Login to the ICICI Bank App or Net Banking.
Select Credit Card > Manage Card > Request Credit Limit Increase.
Submit Income Proof (Optional).
Receive Approval/Rejection.

Impact on Cash Back Earnings and Financial Health

Higher limits allow higher spending, enabling you to shift to Pro 49 or Premium 149 plans.
Spending Rs. 50,000 monthly on the Premium 149 plan results in Rs. 1,000 cashback minus Rs. 149 fee = Rs. 851 net.
Avoid maxing out your credit limit, as it can lower your credit score.

ICICI Mine Credit Card for Beginners: Is It Right for You?

Why the Starter Plan Is a Good Option for First-Time Users

No fee.
0.5% cashback on all spends without conditions.
Simple entry-level credit card with the flexibility to upgrade later.

Key Factors to Consider Before Choosing This Card

Monthly fees on higher plans can negate cashback benefits if spending is low.
Switching between plans allows optimisation but requires tracking.
MineCash is credited as a statement credit, not as reward points.

Alternatives for Beginners with Lower Spending Habits

Credit Card	Annual Fee	Cashback/Rewards	Suitable For
ICICI Mine (Starter Plan)	Rs. 0	0.5% cashback	Beginners seeking a no-fee card
Amazon Pay ICICI Card	Rs. 0	1% - 5% on Amazon	Frequent Amazon shoppers
HDFC Millennia Card	Rs. 1,000	1% - 5% on online spends	High online spends

Example:

Spending Rs. 5,000/month:
- ICICI Mine Starter: Rs. 25 cashback (0.5%)
- Amazon Pay ICICI (1% on other spends): Rs. 50 cashback
- HDFC Millennia (1% on other spends): Rs. 50 cashback minus Rs. 83.33 (annual fee/month) = Loss

For beginners, ICICI Mine Starter Plan or Amazon Pay ICICI is more suitable due to no fees and simple cashback structures.

Conclusion

The ICICI Bank 'Mine' Credit Card was an attractive option for most, where the users could customize their rewards according to their lifestyle. Be it you, who was fond of eating out, liked to shop for bargains or travelled often, this card provided versatile reward plans according to your expenditure.

But ICICI Bank has suspended new applications for the 'Mine' Credit Card, at least for now. What this implies is that if you are interested in applying for the card, you can't do so at the moment. But cardholders already holding their cards can still utilize the associated benefits.

Those looking for alternative flexible rewards and cashback plans might want to look into other credit cards instead.

Tip: Use the Premium 149 plan for big-ticket purchases and downgrade to Starter during low-spend months to optimise costs!

FAQs Related to ICICI Mine Credit Card

1. How do I redeem MineCash rewards?

Log in to ICICI Internet Banking > Rewards Section > Convert MineCash to statement credit or vouchers.

2. Can I upgrade/downgrade my plan mid-month?

Yes! Change your plan anytime via the ICICI Mobile app. Changes apply from the next billing cycle.

3. Is the ICICI Mine Credit Card still available?

No. ICICI Bank has paused new applications. Existing users can continue using their cards.

4. What happens if I miss the monthly spend for fee reversal?

The plan fee (₹49/₹149) will be charged to your account.

5. Are add-on cards free?

Yes, but add-on cards mirror the primary card’s plan and rewards.