As all the major credit card issuers are launching exclusive offers on insurance payments, the ICICI Bank doesn’t want to lag behind and has come up with an exciting cashback offer for its credit cardholders. If you are having an ICICI Bank AmEx Credit Card, you can earn a cashback of up to Rs. 2,000 by paying insurance premium using your card. However, the cashback will vary depending on your cumulative spending on insurance categories during the offer period, i.e, till March 31, 2022. Moreover, the offer is not applicable to all the ICICI Credit Cards, but only to the cards that are issued in the American Express card network. To get detailed information about the offer and its terms & conditions, keep reading the article:
The ICICI Bank customers having a credit card with the American Express variant can earn exciting cashback on insurance payments. The following table shows how much cashback you can earn on spending a particular amount:
|Total Spends on Insurance Payment||Cashback|
|Rs. 10,000 to Rs. 20,000||Rs. 750|
|Rs. 20,000 to Rs. 50,000||Rs. 1,250|
|More than Rs. 50,000||Rs. 2,000|
You will be eligible to earn cashback only if your cumulative spending during the offer period will be more than or equal to Rs. 10,000. Moreover, the maximum cashback that can be earned under this offer is capped at Rs. 2,000.
Offer Period: The offer is valid for all the eligible transactions made between Feb 1, 2022, and March 31, 2022.
How To Avail The Offer?
To avail of the benefits of the offer, you will have to register your credit card for it. You can register your card for the offer just by giving a missed call on 951 229 5656 from your registered mobile number.
Offer Terms & Conditions
- Registration for the offer is mandatory to avail of its benefits.
- The earned cashback will be credited to your account within 90 days from the offer ending date.
- The offer is only applicable on the ICICI credit cards that have been issued on the American Express network.
- Cardholders are not bound in any manner to participate in the offer.
- Some cardholders might not be able to avail of the offer due to their location or other reasons.
- The ICICI Bank reserves the right to disqualify any cardholder from the offer.
Insurance Payment Offers Launched By Other Card Issuers
The SBI Card also launched an offer recently, under which, the cardholders can earn flat Rs. 500 cashback on making insurance payments using their SBI Card. The offer is applicable on transactions worth Rs. 10,000 or more during the offer period, i.e, between January 20, 2022, and February 18, 2022.
With the AmEx Credit Cards, customers can earn 10x membership reward points on insurance premium payments. The maximum reward points that can be earned during the offer period are capped at 10,000 points and the offer is valid from January 13, 2022, to March 31, 2022.
Standard Chartered Bank
With the Standard Chartered Bank Credit Cards, the cardholders can earn 5x Reward Points (up to 2,000 points) on insurance payments. This offer is valid for all the eligible transactions made between January 15, 2022, and March 31, 2022.
With the YES Bank Credit Cards, you can earn 5x rewards up to 5,000 points on insurance payments. The offer is valid on spends of more than or equal to Rs. 5,000 and for all eligible transactions made between December 1, 2021, and March 31, 2022.
The cashback offer on insurance payments using the ICICI Bank AmEx Credit Cards is an exciting saving opportunity for the eligible cardholders as they can save up to Rs. 2,000 on the basis of their cumulative spends. But, before proceeding further, you must go through the detailed terms and conditions of the offer in order to ensure that you are an eligible cardholder. There are a few key points that you need to keep in mind, such as the minimum eligible spend which is Rs. 10,000, the eligible credit cards, and a few more. If you have any further doubts related to the offer, you can ask us in the comment section below!