MakeMyTrip ICICI Bank
Keep₹999 of near-zero forex and 6% back on MakeMyTrip hotels.
What it's worth to you — net annual value
Welcome: ₹1,000 MakeMyTrip voucher (valid 1 year) + MMTBLACK Gold membership; ₹1,000 more on every renewal (valid 3 months)
How these numbers are computed →
Spend tiers, milestones and fee waivers included, at our house ₹/point. Portal and category multipliers can push higher — run your exact number →
The take
This is the rare cheap co-brand that earns its keep. ₹999 a year (waived at ₹3L), a 0.99% forex markup — the lowest on any ICICI card outside the ₹20,000 Times Black — and 1% myCash on everything, which cancels that markup to roughly zero abroad. On MakeMyTrip itself it pays 6% back on hotels and 3% on flights, cabs and buses, in myCash worth ₹1 each against your next booking. The obvious catch: myCash is a MakeMyTrip wallet, not money — it never leaves the app, there are no transfer partners, and per-booking caps trim the realistic value below face. Lounges are modest (8 domestic, gated at two a quarter, plus one international) and the off-MMT rate is a plain 1%. But if you book travel through MMT and want a genuinely cheap forex card, nothing at this fee beats it. Keep.
What's good
- 0.99% forex + 1% myCash = roughly zero-cost spending abroad
- 6% myCash on MMT hotels, 3% on flights, cabs and buses
- ₹999 fee, waived at ₹3L annual spend
- 8 domestic (2/quarter, gated) + 1 international lounge; MMTBLACK Gold membership
Watch out
- myCash is a closed MakeMyTrip wallet — no transfers, no cash-out, per-booking caps
- Base earn off-MMT is a flat 1%
- Domestic lounges need ₹75k of prior-quarter spend
- Only worth its keep if you actually book through MakeMyTrip
What earns, what doesn't
Earns myCash (1 myCash = ₹1, closed MMT wallet): 6% MMT hotels, 3% MMT flights/holidays/cabs/buses, 1% other. ICICI 5-Feb-2024 bank-wide exclusions (rent, wallet) apply; fuel/utility/insurance no-earn per ICICI non-EPM treatment — community mapping where the card page is silent.
- Fuel · excluded Zero myCash; 1% surcharge waiver on fuel txns — community mapping, flag
- Rent & property management · excluded Zero myCash (ICICI-wide 6513/7349, 5-Feb-2024); 1% rent fee applies
- Wallet loads · excluded Zero myCash; ICICI-wide wallet-load exclusion (5-Feb-2024)
- Utilities (electricity/water/gas) · excluded ICICI utility bucket → zero — community mapping, flag
Lounge access
Gate: ₹75k prior-quarter spend
Opens 581 of 644 tracked lounge doors across 242 airports — see the full map →
Can you get it?
The cutoffs and the actual route in — not the "apply now" button, the door that opens.
Direct application — no invite list, no banking relationship required.
ICICI Bank publishes no income or age cutoffs for this card. Blank means blank — we don't invent numbers to fill a grid.
per the official ICICI Bank MITC — figures marked (community) aren't in the PDF; the issuer won't say · filter the ranking by what you can get →
The fine print
What the MITC actually says — the rates, fees and cutoffs the brochure skips.
Joining and annual fee ₹999, waived at ₹3L annual spend. 0.99% forex is the lowest of any ICICI card outside the ₹20,000 Times Black — with the 1% off-MMT myCash it is roughly net-zero abroad. ICICI publishes no income/age criteria in the MITC — not published.
per the official ICICI Bank MITC · reviewed 10 Jul 2026
What's changed for this card
Full tracker →Devaluations and buffs that touch this card directly, its issuer, or the points and programs it earns and transfers to.
- 1 Feb 2026ICICI gates its BookMyShow movie perk behind quarterly spendComplimentary BookMyShow ticket offer, no spend condition → Needs ₹25,000 spend in the preceding quarter
ICICI didn't kill the BookMyShow benefit outright — Instant Platinum loses it entirely from 1 February 2026, while other cards keep it only if you've spent ₹25,000 in the prior quarter. It's a small perk on paper, but it's part of the same February devaluation wave that also killed several reward categories, and it signals ICICI is done handing out 'free' lifestyle perks with no spend attached.
- 15 Jan 2026ICICI caps transport rewards and excludes rent, tax, fuel spendsEmeralde/Sapphiro earned on unlimited transport; 1.99% DCC → Transport rewards capped at ₹20,000/month; DCC to 2%
From 15 January 2026, Emeralde, Emeralde Private, Sapphiro and Rubyx only earn points on the first ₹20,000 of monthly transport spend, and government services, fuel, rent, tax and third-party wallet loads earn nothing at all — categories that used to be reliable point-farming ground. Layer on a DCC fee hike to 2% and a new ₹3,500 add-on card fee, and this is one of the broadest single-day devaluations any Indian issuer has run across its premium metal tier.
- 15 Nov 2024ICICI's November purge: rewards, lounges and 1% feesBroad earn; easy spend-based lounge access → Rent/gov/education excluded; grocery capped; 1% ed/utility fee; spend-gated lounges
The single worst day of 2024 for ICICI holders, Emeralde Private included. Rent, government and education spends stop earning and stop counting toward fee waivers, grocery rewards get capped, a 1% fee lands on third-party education/utility, and lounge access is restructured behind prior-spend gates.
- 5 Feb 2024ICICI stops rewards on rent and wallet loadsRent and e-wallet loads earned points → Zero reward points
ICICI's opening move of 2024: from 5 February, rent payments and e-wallet loading earn nothing. A quiet start to what became a brutal year for ICICI reward chasers.
- 22 Nov 2022ICICI Bank launches invite-only Emeralde Private Metal cardNo true super-premium ICICI travel card → Emeralde Private Metal: 3% back, unlimited lounge/golf
ICICI finally built a card that could sit at the same table as Infinia and Magnus — invite-only, metal, 3% uncapped value-back, unlimited lounge and golf access, plus a Taj Epicure membership thrown in. It marked ICICI's real entry into India's super-premium travel-card fight.
- 18 Jan 2019ICICI Bank launches Emeralde, wedging above SapphiroSapphiro topped ICICI's travel-and-rewards credit card lineup → Emeralde debuts with ~₹3 lakh in annual benefits at a ₹12,000 fee
ICICI Bank soft-launched the Emeralde credit card on January 18, 2019, slotting it above Sapphiro with a headline claim of roughly ₹3 lakh in annual benefit value against a ₹12,000 annual fee. It gave ICICI a genuine super-premium travel card to compete with HDFC Infinia and Diners Black for the first time, years before the invite-only Emeralde Private Metal would push the lineup even further upmarket.
Go deeper
Sources
Every fact on this page is checked against these documents — the issuer's own paperwork first. Spot something stale? The PDF wins, and we re-verify.
- official Product page checked 12 Jul 2026
- official MITC PDF checked 12 Jul 2026
- community CardInsider review (dual Mastercard+RuPay; UPI earns myCash) checked 12 Jul 2026
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