MakeMyTrip ICICI Bank Credit Card Review 2026: myCash Rates, Caps, Fees & FAQs
MakeMyTrip ICICI Bank Credit Card charges ₹999 joining and ₹999 annual. myCash rates, the insurance cap, the 2026 changes, fees and FAQs.
The mainline MakeMyTrip ICICI card pays 6% myCash on MakeMyTrip hotel bookings and 3% on cabs — both explicitly uncapped — with 1% on everything else and a 0.99% forex markup, the lowest on any card in this collection.
MakeMyTrip ICICI Bank Credit Card Quick Overview
| **Card type** | Travel co-brand card |
|---|---|
| **Best for** | Regular MakeMyTrip bookers |
| **Joining / renewal fee** | ₹999 + GST, same on renewal — renewal waived at ₹2 lakh of annual spend |
| **Network** | Visa, Mastercard |
| **Base reward rate** | **1.0%** |
| **Top reward rate** | **6.0%** — Hotel bookings on MakeMyTrip |
| **Reward currency** | myCash, valued at ₹1 each |
| **Lounge access** | 2 domestic visits per quarter (8 a year) |
| **Forex markup** | 0.99% |
Reward Structure: How You Earn
myCash is worth ₹1 against MakeMyTrip bookings — flights, hotels, cabs and holidays — and nothing outside them. There is no cash-out.
6% myCash on MakeMyTrip hotel bookings, uncapped. 3% myCash on MakeMyTrip cab bookings, uncapped. 1% myCash on all other spends. 25 myCash on every train booking.
From 15 January 2026 ICICI stopped paying rewards on fuel and e-wallet loads across its range, and added new fees 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 |
|---|---|
| Hotel bookings on MakeMyTrip | **6.0%** |
| Cab bookings on MakeMyTrip | **3.0%** |
| Everything else | 1.0% |
| 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 |
|---|---|
| Insurance | 1,000 points per year |
Insurance is capped at 1,000 Reward Points per ANNIVERSARY YEAR on the MakeMyTrip cards — ICICI names this card family specifically. That is an annual ceiling where the rest of the ICICI range uses per-cycle ones, which makes it roughly twelve times tighter.
myCash is credited to the MakeMyTrip account, not to the card, so its validity and redemption sit under MakeMyTrip's terms rather than ICICI's.
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.
- Insurance cap: 1,000 Reward Points per ANNIVERSARY YEAR on insurance — not per cycle. ICICI states this cap for the MakeMyTrip card specifically, and an annual ceiling is far tighter than the per-cycle ceilings the rest of the range uses.
Fees and Charges
| Charge | Amount |
|---|---|
| Joining fee | ₹999 + GST |
| Renewal fee | ₹999 + 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 | 0.99% of the transaction amount. |
| Dynamic currency conversion | 0.99% for the mainline MakeMyTrip card — not applicable to the Signature or Platinum variants. |
| 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 MakeMyTrip ICICI Bank Credit Card Worth It?
Uncapped 6% on hotels is the standout and it is rare. Most travel co-brands cap their headline band; this one does not. On ₹1 lakh of hotel bookings a year that is ₹6,000 against a ₹999 fee.
The 0.99% forex markup is the lowest in this entire dataset, which matters on a card aimed at travellers.
myCash is worth ₹1 inside MakeMyTrip and nothing outside it. There is no cash-out, and it is credited to the MakeMyTrip account rather than the card — so it sits under MakeMyTrip's terms, not ICICI's.
If you book travel anywhere else, the card collapses to 1%.
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 are the MakeMyTrip ICICI card rates? 6% myCash on MakeMyTrip hotel bookings, 3% on cabs, 1% on everything else and 25 myCash per train booking. The hotel and cab bands are explicitly uncapped.
What is myCash worth? ₹1 against MakeMyTrip bookings — flights, hotels, cabs and holidays. It has no value outside MakeMyTrip and cannot be taken as cash.
What is the forex markup? 0.99% — the lowest on any card in this collection.
Is insurance spending capped? Yes, and unusually tightly: 1,000 Reward Points per ANNIVERSARY YEAR, where the rest of the ICICI range uses per-cycle ceilings. That makes it roughly twelve times tighter.
Is there a fee waiver? Yes, at ₹2 lakh of annual spend.
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