ICICI Bank offers four credit cards on the American Express network and all of these cards are among the most popular offerings of the bank. These ICICI cards are ICICI Bank Emeralde, Sapphiro, Rubyx, and Coral Credit Card. If you have any of these four credit cards on the American Express network, here is some good news for you. ICICI Bank is providing its AmEx Credit Cardholders with an opportunity to get the foreign currency markup fee reversed on international transactions. However, there is a minimum transaction amount that needs to be spent by the cardholders in order to get the benefits of these offers and also, a maximum cap on the waiver that you may get under this offer. For further information on this offer and its terms & conditions, keep reading the article:

ICICI Bank Amex: No Forex Markup Fees!

The Offer

The ICICI Bank AmEx Credit Cardholders can get the forex markup fee waived off on all international transactions, except in a few categories Education, Government, Mail Order, Professional Services, cash withdrawals & Telecom. The offer is valid from 15th May 2024 to 15th July 2024. The minimum transaction amount and the maximum reversal amount are different for these credit cards. You can understand the same via the following table:

Cardholders should remember that a minimum transaction amount must be spent to get the forex markup fee reversal. Also, the offer is only valid on cards issued on the AmEx card network and not on those issued on other networks, like Visa, MasterCard, etc.

Cards Forex Charge Markup Fee Waiver Cumulative Spends Required
Amex Emeralde 2% Upto ₹8,000 ₹1 Lakh
Amex Sapphiro/Rubyx/Coral 3.5% Upto ₹6,000 ₹75,000

Terms and Conditions

The following are the terms and conditions that need to be fulfilled by the cardholders to avail of the benefits under this offer:

  • Only the ICICI Bank American Express cardholders, as mentioned above, are eligible for the offer.
  • To get the fee reversed, cardholders must make the minimum required spends on the eligible categories.
  • Transactions like cash withdrawals, telecom categories, education & government-related payments, etc, are not eligible for the offer.
  • The offer is valid from 15th May 2024 to 15th July 2024.
  • The benefits of this offer can not be clubbed with any other ongoing offer.
  • The offer is non-transferable and non-cashable.
  • ICICI Bank reserves the right to disqualify any cardholder from the offer if any fraudulent activity is identified by them.

For more detailed terms & conditions of this offer, you can refer to this page.

Bottom Line

This time, ICICI Bank has come up with a unique offer as the cardholders are getting a chance to get the forex markup fee waived on their international transactions. The offer would be very beneficial for those who make foreign currency transactions very often. The most important thing that needs to be kept in mind here is that only the cards issued on American Express Network are eligible for this offer. Moreover, if you want to avail yourself of the benefits of this offer, you should be aware of the categories where the offer is valid and where it is not.

If you have any additional questions about this offer, please don’t hesitate to ask us in the comment section below!

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