ICICI Mine Credit Card : Updated Guide

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

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

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:

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:

Note: Only valid on ICICI Merchant Services POS machines.

4. Everyday Delight Offers

Weekly deals across categories:

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

1. 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.
   
   
2. Special Offers: The card may offer additional points on selected categories during promotional periods, maximising your earning potential.

Redeeming Reward points/MineCash

1. Flexible Redemption: Points can be redeemed for shopping vouchers, merchandise, and travel bookings through the ICICI Rewards portal.
   
   
2. 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

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

Timely payments are essential to avoid high interest charges.

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.

Pros & Cons of ICICI Mine Credit Card

Pros

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

Cons

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

ICICI Mine Credit Card Eligibility Criteria

Required Documents

Applicants need to submit the following documents when applying:

1. Address Proof: Utility bills, rental agreements, or government-issued documents.
2. Income Proof: Recent salary slips or bank statements.
3. Identity Proof: PAN card, Aadhaar card, or passport.
4. Photograph: Recent passport-sized photo.
5. 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

1. Timely Bill Payments Avoid late fees and interest charges by setting up payment reminders or enabling auto-pay.
2. Maintain Low Credit Utilisation. Keep your spending below 30% of your credit limit to maintain a good credit score.
3. Avoid Unnecessary Debt Stick to a budget and use the card primarily for planned expenses.
4. Monitor Fees and Charges Review the fee structure regularly to avoid unexpected costs.
5. 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.

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.

Case Study:

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

3. Premium 149 Plan (₹149/month)

Ideal for: high spenders seeking luxury perks.

Premium 149 Plan: Key Benefits

Example

Amount Spent

Benefit Type

Savings Amount

Amazon/Myntra

₹10,000

5% Cashback

₹500