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ICICI Bank has partnered with PAYBACK, India’s biggest loyalty program, to reward its credit card users. On every eligible transaction (on select credit cards) cardholders earn PAYBACK points. The points can be redeemed against a variety of items and vouchers which include, electronic items, fuel, travel bookings, etc. Details about PAYBACK Points and redemption process are given below.
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The PAYBACK Points earning rate on most popular ICICI Bank credit cards are given below:
| Credit Cards | PAYBACK Points earned Per Rs. 100 spent | Accelerated Points | Milestone/Joining Points |
| ICICI Bank Rubyx Visa Credit Card | 3 PAYBACK Points | 2X Points on international spends | Earn 15,000 PAYBACK Points annual |
| ICICI Bank Sapphiro Credit Card | 2 PAYBACK Points | 2X Points on international spends | Earn 20,000 PAYBACK points annually |
| ICICI Platinum Chip Visa Credit Card | 1 PAYBACK Point on utilities and insurance | 2X PAYBACK Points on retail spends | Nil |
| ICICI Bank Carbon Credit Card | 2 PAYBACK Points | Nil | Nil |
| ICICI Bank Coral Contactless Credit Card | 1 PAYBACK Point on utilities and insurance | 2X PAYBACK Points on retail spends | 2,000 points on spending Rs. 2 Lakh;
Earn 1000 points every time you cross Rs. 1 Lakh |
| ICICI Bank Manchester United Platinum Credit Card | 2 PAYBACK Points on domestic/International spends | 3 PAYBACK Points on Manchester United Match days | Nil |
| ICICI Bank Emeralde Credit Card | 1 PAYBACK Point on utilities and insurance | 4X PAYBACK Points on retail spends | Nil |
Earning PAYBACK points is fairly easy. All you have to do is complete eligible transactions using your ICICI Bank credit cards. Transactions such as groceries, movie tickets, online shopping, etc. are eligible transactions. Fuel purchases, EMI transactions, balance transfer and so on are not considered eligible transactions by most ICICI Bank cards. So, the more transactions you make on your credit card the more PAYBACK Points will be earned.
You should note that the PAYBACK points are valid only for 3 years. If you fail to utilize the points within this time period, they will expire.
Customers can redeem PAYBACK Points against items, vouchers from PAYBACK website or use the points at partner store. The steps to redeem reward points are given below.
A voucher will be delivered instantly to the registered email id and mobile number. Items will be delivered to your billing address within 2 weeks.
You can redeem your PAYBACK Points at Big Bazaar, Central, Hindustan Petroleum, Brand Factory, Home Town and Fashion at Big Bazaar. The steps are:
You can then specify how many points you want to use to complete the transaction. 4 PAYBACK points are worth Re. 1.
Do note redemption fee of Rs. 99 will be applicable on redemption requests.
The various items that you can find on PAYBACK catalogue are given below
| Category | Redemption Options |
| Electronics | Amazon Alexa |
| In-Store Partners | Big Bazaar, Central, Hindustan Petroleum, Brand Factory, Home Town, Fashion at Big Bazaar |
| Online Partners | Cleartrip, BookMyShow, MobiKwik, naaptol, Goomo |
| Food & Beverage Vouchers | KFC, Pizza Hut, Baskin Robins, Central, Bata, Swiggy |
| Health & Wellness Vouchers | Kama Ayurveda, Apollo Pharmacy, Talwalkars, Call Health |
| Mobile and Electronic Vouchers | Amazon Pay, Flipkart, Croma |
| Entertainment & Magazine Vouchers | PVR, Smaaash, India Today, Business Today, Reader’s Digest, Harper’s Bazaar, Cosmopolitan |
| Cabs & Travel Vouchers | Cleartrip, Uber, FabHotels, Accor Plus, I Can Stay, Ola |
| Grocery & Home Needs Vouchers | Big Basket, Prestige, Urban Ladder |
| Gifting Vouchers | Shoppers Stop, Kalyan Jewellers, Flipkart, Lifestyle, New Balance |
Can I pool the PAYBACK points on multiple ICICI Bank credit cards to redeem against one item?
No, you cannot pool your ICICI Bank PAYBACK Points from multiple credit cards.
Can I gift a redeemed item to someone else?
The items are dispatched to your billing address. However, you may forward the voucher code to other individuals.
Can I cancel an item after I have initiated a redemption request?
No, orders once placed cannot be cancelled.
Can I transfer my Reward Points to someone else?
No, you cannot transfer, buy, or issue PAYBACK Points to someone else.
What is PAYBACK Customer Care number?
PAYBACK customer care number is 1860-258-5000. Call on the number between 10 am & 9 pm. You can also send an email at membercare@payback.in.