Adani One ICICI Bank Signature Credit Card Review 2026: 1.75% in the Adani Ecosystem, Caps & FAQs
Adani One ICICI Bank Signature Credit Card charges ₹5,000 and earns 7 Reward Points per ₹100 across Adani airports, Trainman, Adani Gas and Adani Electricity — about 1.75% — capped at 5,000 points a cycle. Fees and FAQs.
Adani One ICICI Bank Signature Credit Card is built around the Adani One ecosystem: Adani-managed airports, Trainman rail ticketing, Adani Gas and Adani Electricity. Inside it the card earns 7 Reward Points per ₹100, about 1.75%.
The Signature variant more than doubles the ecosystem rate to 7 Reward Points per ₹100 and adds international lounge access, valet parking and premium lounge upgrades.
Adani One ICICI Bank Signature Credit Card Quick Overview
| **Card type** | Premium-tier travel co-brand card |
|---|---|
| **Best for** | Regular users of Adani airports and utilities |
| **Joining / renewal fee** | ₹5,000 + GST, same on renewal — renewal waived at ₹6 lakh of annual spend |
| **Network** | Visa, Mastercard |
| **Base reward rate** | **0.38%** |
| **Top reward rate** | **1.75%** — Adani One ecosystem — airports, Trainman, Adani Gas, Adani Electricity |
| **Reward currency** | ICICI Bank Reward Points, valued at ₹0.25 each |
| **Welcome benefit** | Reward Points worth ₹1,250 on spends of ₹25,000 within 60 days of card activation |
| **Lounge access** | 1 domestic visit per quarter (4 a year); 1 international per quarter (4 a year) |
| **Forex markup** | 3.5% |
Reward Structure: How You Earn
ICICI does not publish what a Reward Point is worth — not in its Most Important Terms, not in the card terms, not on its own rewards page. This review uses ₹0.25, the third-party consensus for statement-credit and catalogue redemption, so every percentage below rests on a figure the bank will not state.
7 Reward Points per ₹100 across the Adani One ecosystem — about 1.75%, capped at 5,000 points a statement cycle. 1.5 per ₹100 on domestic spends.
From 15 January 2026 fuel and e-wallet loads earn nothing on ICICI cards, and new fees arrived the same day: 1% on wallet loads of ₹5,000 or more, 2% on skill-based gaming, 1% on transportation above ₹50,000, and ₹3,500 one-time for every new add-on card.
| Spend | Effective rate |
|---|---|
| Adani One ecosystem — airports, Trainman, Adani Gas, Adani Electricity (capped at 5,000 points a month) | **1.75%** |
| International spends | **0.5%** |
| Everything else | 0.38% |
| Fuel, rent, wallet loads, government, gaming | **0%** |
The caps that actually bind
Headline rates mean little until you know where they stop. These are the limits on this card:
| Cap | Limit |
|---|---|
| Adani | 5,000 points per calendar month |
| Utility | 40,000 points per calendar month |
| Insurance | 40,000 points per calendar month |
| Grocery | 20,000 points per calendar month |
| Transport | 10,000 points per calendar month |
The ecosystem rate cannot fire in any structured comparison, and the reason is worth understanding. No Adani merchant id exists in the merchant master used here, and the ecosystem spans airports, rail ticketing, gas and electricity — categories whose merchant codes also sit in ICICI's own utility and transportation cap lists. A calculator will apply the domestic base rate to everything and understate this card substantially for an Adani One user.
From 1 February 2026 rewards are capped by a SPEND ceiling, not a points ceiling — past the ceiling a capped category earns nothing more that cycle. On this card's tier: ₹40,000 of utility, ₹40,000 of insurance, ₹20,000 of grocery and ₹10,000 of transportation per statement cycle.
The BookMyShow buy-one-get-one is now spend-gated at ₹25,000 in the previous calendar quarter, where it used to be unconditional.
Category Restrictions: Where You Won't Earn
- Where you earn nothing: Earns nothing at all: fuel (MCC 1361, 3851, 5172, 5541, 5542, 5555, 5983, 9752 — the Parakram cards are exempt); e-wallet loads (MCC 6540 — the Amazon Pay card is exempt); cash advances; and, on the premium metal cards, government services, rent, tax payments and property management. Both fuel and wallet exclusions took effect on 15 January 2026.
- Point expiry: Reward Points are valid for 36 months from the date of accrual. Points LAPSE ENTIRELY on card cancellation, and a redemption handling fee of ₹99 plus GST applies to each redemption request.
- Redemption fee: ₹99 per redemption.
- Adani cap: 5,000 Reward Points per statement cycle on Adani One ecosystem spends — ₹1,250 at the ₹0.25 valuation, binding at about ₹71,428 of ecosystem spend a cycle.
- Utility cap: ₹40,000 of utility spend per statement cycle qualifies for Reward Points, w.e.f. 1 February 2026. This is a SPEND ceiling, not a points ceiling — spend beyond it in this category earns NOTHING more that cycle, rather than dropping to a lower rate. ICICI sets the ceiling by card tier; this card is on the mid tier.
- Insurance cap: ₹40,000 of insurance spend per statement cycle qualifies for Reward Points, w.e.f. 1 February 2026. This is a SPEND ceiling, not a points ceiling — spend beyond it in this category earns NOTHING more that cycle, rather than dropping to a lower rate. ICICI sets the ceiling by card tier; this card is on the mid tier.
- Grocery cap: ₹20,000 of grocery and departmental store spend per statement cycle qualifies for Reward Points, w.e.f. 1 February 2026. This is a SPEND ceiling, not a points ceiling — spend beyond it in this category earns NOTHING more that cycle, rather than dropping to a lower rate. ICICI sets the ceiling by card tier; this card is on the mid tier.
- Transport cap: ₹10,000 of transportation spend per statement cycle qualifies for Reward Points, w.e.f. 1 February 2026. This is a SPEND ceiling, not a points ceiling — spend beyond it in this category earns NOTHING more that cycle, rather than dropping to a lower rate. ICICI sets the ceiling by card tier; this card is on the mid tier.
Fees and Charges
| Charge | Amount |
|---|---|
| Joining fee | ₹5,000 + GST |
| Renewal fee | ₹5,000 + GST |
| Finance charges | 3.75% per month (45% per annum) on extended credit and cash advances. |
| Interest-free period | Up to 48 days from the date of purchase, only when the previous balance is paid in full. |
| Minimum amount due | 5% of the total amount due, subject to a minimum of ₹100, plus any EMI, fees, charges and over-limit amount. |
| Cash advance fee | 2.5% of the amount withdrawn, subject to a minimum of ₹500. |
| Cash advance interest | 3.75% per month (45% per annum), charged from the date of withdrawal with no interest-free period. |
| Forex markup | 3.5% of the transaction amount. |
| Dynamic currency conversion | 1% of the transaction amount, applied to transactions billed in Indian rupees at international locations or at merchants in India registered abroad. |
| Late payment | Graduated by total amount due: nil up to ₹100; ₹100 for ₹101–₹500; ₹500 for ₹501–₹5,000; ₹750 for ₹5,001–₹10,000; ₹900 for ₹10,001–₹25,000; ₹1,000 for ₹25,001–₹50,000; ₹1,200 above ₹50,000. Revised 15 November 2024. |
| Overlimit | 2.5% of the over-limit amount, subject to a minimum of ₹500. |
| Payment return | 2% of the total amount due, minimum ₹500, for a returned cheque or a failed auto-debit. An additional ₹50 plus GST is debited. |
| Rent payment | 1% of the transaction amount on rent payments (MCC 6513), w.e.f. 15 November 2024. |
| Wallet load | 1% of the transaction amount on wallet loads of ₹5,000 or more (MCC 6540), w.e.f. 15 January 2026. |
| Utility payments | 1% of the transaction amount on utility payments exceeding ₹50,000 (MCC 4899, 4900, 4901, 4814, 4821), w.e.f. 15 November 2024. |
| Education payments | 1% of the transaction amount on education payments made through third-party apps, w.e.f. 15 November 2024. Paying an institution directly is exempt. |
| Fuel transactions | 1% of the transaction amount on fuel transactions exceeding ₹10,000, w.e.f. 15 November 2024. |
| Online skill-based gaming | 2% of the transaction amount on skill-based gaming transactions (MCC 5816), w.e.f. 15 January 2026. |
| Card replacement | ₹100 per replacement card. |
| Add-on card | ₹3,500 one-time for each new add-on card issued on or after 15 January 2026. Add-on cards issued before that date carry no fee. |
| Reward redemption | ₹99 plus GST per redemption request under the ICICI Bank Rewards scheme and for Mine Cash statement-credit redemptions; ₹25 for catalogue-based redemptions. |
| EMI processing | 2.99% of the transaction amount, capped at ₹299 plus 18% GST, on all Instant EMI transactions w.e.f. 1 September 2025. |
| GST | 18% on all fees, interest and charges. |
Is the Adani One ICICI Bank Signature Credit Card Worth It?
The ecosystem cap binds at roughly ₹71,428 of Adani spend a cycle — 5,000 Reward Points, about ₹1,250. Past it you drop to the domestic base rate.
The welcome benefit requires spend, not just activation — ₹25,000 within 60 days for Reward Points worth ₹1,250.
Lounge and Porter services are the differentiator: 4 domestic and 2 international lounge visits, up to 8 Porter services a year, 16 premium lounge upgrades and 4 valet parking instances on ₹3 lakh of annual spend.
If you do not use Adani airports or utilities there is little here — the domestic rate of 0.38% is among the lowest in the ICICI range.
Milestone and welcome benefits are released only after the fee has actually been paid — a waived fee forfeits them. Rent, government and education spends count toward neither the fee waiver nor the milestones.
Frequently Asked Questions (FAQs)
What is the Adani One ICICI Bank Signature Credit Card earn rate? 7 Reward Points per ₹100 in the Adani One ecosystem — about 1.75% — and 1.5 per ₹100 on domestic spends.
What counts as the Adani One ecosystem? Adani-managed airports, Trainman rail ticketing, Adani Gas and Adani Electricity.
Is the ecosystem rate capped? Yes — 5,000 Reward Points a statement cycle, which binds at about ₹71,428 of ecosystem spend.
What is the welcome benefit? Reward Points worth ₹1,250 on spends of ₹25,000 within 60 days of card activation. Note ICICI releases it only after the joining fee has been paid.
Is there a fee waiver? Yes, at ₹600,000 of annual spend.
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