Amazon Pay ICICI Bank Credit Card to lower forex fees, add travel rewards from October 11

Amazon Pay and ICICI Bank have renewed their partnership for the Amazon Pay ICICI Bank Credit Card, which has over five million users in India. The co-branded card, introduced in 2018, is set to enhance its features from October 11, 2025, with changes aimed at international travellers and frequent online shoppers.

From next month, the card will reduce its foreign exchange (forex) markup fee on overseas transactions to 1.99%, down from 3.5%.

At the same time, it will expand reward categories by offering unlimited 5% cashback on flight and hotel bookings made through Amazon Pay for Prime members, and 3% cashback for non-Prime customers.

The card retains its existing benefits, including:

• No joining or annual fees.
• Unlimited 5% cashback on Amazon shopping for Prime members (excluding gold coins).
• Unlimited 3% cashback on Amazon shopping for non-Prime members (excluding gold coins).
• 2% cashback on Amazon Pay categories such as digital transactions and gift cards (excluding rent, tax, and education).
• 1% cashback on other spends outside Amazon (excluding fuel, rent, tax, education, utilities, and international spends).
• 1% fuel surcharge waiver.
• Three-month no-cost EMI on eligible purchases at Amazon.in.

The fully digital onboarding process and instant redemption of reward points continue unchanged. Customers can use the earned rewards directly for payments on Amazon Pay, ensuring that redemption remains seamless.

Executives from both Amazon Pay and ICICI Bank said the enhancements reflect growing demand for travel-linked rewards and lower international transaction costs among Indian cardholders.