ICICI Bank credit cards to have higher charges and limited rewards
Massive credit card rule change alert: ICICI Bank to charge more and limit rewards – full details here
ICICI Bank has announced important changes to its credit cards that will affect users from the beginning of 2026. These changes include higher charges for certain transactions and changes to reward benefits. The bank said these updates will be implemented gradually, between January and February 2026, and will mainly affect retail credit card holders.
The bank’s latest rules aim to bring more clarity in charges and rewards for credit card users. While some changes are about extra charges, others focus on limiting or removing benefits that were previously available. ICICI Bank users should take note of these updates to avoid surprises in the new year.
New charges on online gaming and wallet transactions
One of the main changes is a 2% charge on transactions made on online gaming platforms. This includes popular platforms such as Dream11, Rummy Culture, Junglee Games, and MPL. The 2% fee will also apply to other similar platforms introduced in the future. This means that users who frequently spend on online games may see higher expenses from January 2026.
Another change affects loading money into third-party wallets like OlaMoney, Freecharge, MobiKwik, Amazon Pay, and Paytm. Users will have to pay a 1% fee if they load Rs 5,000 or more into these wallets using their ICICI Bank credit card. This is a new fee, so those who use their credit cards to fund digital wallets should plan accordingly.
These steps are part of ICICI Bank’s effort to align its charges with usage patterns and ensure sustainable credit card operations. The bank stated that the phased implementation will allow users to adjust gradually to the new rules.
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Changes in reward benefits and offers
Along with new charges, ICICI Bank is also making changes to credit card reward benefits. For example, the popular 'Buy One Get One' offer on BookMyShow will no longer be unconditional. Users must have spent at least Rs 25,000 in the previous quarter to avail of the offer in the current quarter. This means only regular users who meet this spending limit will continue to enjoy the benefit.
Additionally, the BookMyShow benefit will be withdrawn entirely for Instant Platinum cardholders starting February 2026. This is part of a broader move to revise rewards across multiple credit card categories. Some rewards will be limited, and others may be discontinued entirely. ICICI Bank has noted that these changes are necessary to maintain a balanced rewards program.
ICICI Bank has made several changes to its credit card portfolio in recent years. These updates included revisions to fees, reward structures, and other benefits. The latest changes continue this trend and will affect almost all cardholders in some way.
The bank emphasized that while these changes may increase certain costs, they will help create a clearer structure for rewards and charges. Customers who use credit cards for multiple purposes, such as online gaming, wallet transactions, or entertainment bookings, should carefully review the new rules.
What users should do
ICICI Bank credit card holders should check their statements and notifications regularly to understand how the changes may affect them. Users who often use their cards for online gaming or wallet top-ups will notice the 2% and 1% charges more prominently. Similarly, those who rely on rewards and offers like BookMyShow’s BOGO offer should review their spending patterns to continue benefiting.
Bank officials have asked customers to stay updated through official communication channels, including emails, SMS alerts, and the bank’s website. This will ensure users are aware of deadlines and new conditions that apply from January and February 2026.
Experts suggest that users may consider planning their spending or exploring alternative payment methods for specific services. This will help avoid unnecessary fees and make better use of available rewards.
ICICI Bank has highlighted that these changes will also help maintain fairness among credit card users. By limiting certain benefits, the bank intends to ensure that rewards are given to active users who regularly use their cards, rather than occasional users.
The phased approach to implementation means that some changes will take effect from January 15, 2026, while others, like reward limits and discontinuations, will start from February 1, 2026. This gives users time to adapt and make informed decisions about their spending and usage.
In summary, ICICI Bank’s upcoming credit card changes are significant and will impact charges and rewards. Users who spend on online gaming, digital wallets, and entertainment platforms should be prepared for higher fees and new rules. Checking notifications, planning expenses, and understanding the updated rewards system will help cardholders manage the changes effectively.
By staying informed and adjusting usage patterns, ICICI Bank customers can continue to use their credit cards efficiently while avoiding unexpected costs. The bank’s focus on phased implementation, clear communication, and revised reward programs aims to create a more structured and fair system for all users.
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