ICICI Mine Credit Card 2025: 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

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.

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

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:

1. Login to ICICI Net Banking or Mobile App: Enter your credentials and go to the credit card section.
2. Select Your ICICI Mine Credit Card: Choose the card from your list of credit cards.
3. Navigate to Plan Management: Look for the 'Manage Plan' or 'Change Plan' option.
4. View Available Plans: You will see the Starter (Free), Pro 49 (Rs. 49/month), and Premium 149 (Rs. 149/month) plans.
5. Select the Desired Plan: Click on the plan you wish to choose.
6. 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:

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

Understand it with an Example

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

1. Login to the ICICI Bank App or Net Banking.
2. Select Credit Card > Manage Card > Request Credit Limit Increase.
3. Submit Income Proof (Optional).
4. 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

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.

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