ICICI Bank Rubyx
DowngradeRailway lounges and 0.5% points — a dated card in a modern lineup.
What it's worth to you — net annual value
Welcome: ₹18,000 of brand vouchers — Elivaas ₹10,000, EaseMyTrip ₹2,000 flights + ₹3,000 holidays, TataCliQ ₹2,000, Croma ₹1,000 (+ 3-month EazyDiner Prime); joining ₹3,000, renewal ₹2,000
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
Rubyx is old ICICI: 2 Reward Points per ₹100 that redeem at just ₹0.25, so about a 0.5% return, doubled to roughly 1% only on international spends (4 RP/₹100). The milestone ladder — 3,000 points at ₹3L, then 1,500 for every extra ₹1L to a 15,000-point cap — adds ₹3,750 a year at those points' ₹0.25 value, which is where most of the card's worth actually sits. Lounges are gated and thin: two domestic a quarter behind ₹75,000 of prior-quarter spend, plus the one genuinely distinctive perk, eight railway lounge visits a year. ₹2,000 fee waived at ₹3L, 3.5% forex. Against ICICI's own Sapphiro it's the cheaper twin with the identical ₹0.25 points; against anything built after 2020 it's outclassed. Downgrade.
What's good
- Milestone points up to 15,000 RP/year (₹3,750) — the real value here
- 8 railway lounge visits a year — a genuinely rare perk
- 4 RP/₹100 (~1%) on international spends
- Fee waived at ₹3L annual spend
Watch out
- ~0.5% base reward rate; points redeem at just ₹0.25
- Domestic lounges need ₹75k of prior-quarter spend; 2 a quarter
- 3.5% forex — no reason to take it abroad
- Utilities and insurance barely earn (1 RP/₹100)
What earns, what doesn't
Earns ICICI RP redeeming at ₹0.25: 2/₹100 domestic, 4/₹100 international, 1/₹100 utilities & insurance. Same ICICI 5-Feb-2024 exclusions as Sapphiro (rent, wallet zeroed; government treated as utility on non-EPM cards).
- Fuel · excluded Zero RP; 1% surcharge waiver on fuel txns (community)
- Rent & property management · excluded Zero RP (ICICI-wide 6513/7349, 5-Feb-2024); 1% rent fee applies
- Wallet loads · excluded Zero RP; ICICI-wide wallet-load exclusion (5-Feb-2024)
- Utilities (electricity/water/gas) · reduced 1 RP/₹100 (vs 2/₹100 domestic) per the official earn table
Where the miles go
Ratios read card points : partner miles — 2:1 means 2 points become 1 mile. Never the other way round.
Lounge access
Gate: ₹75k prior-quarter spend
Opens 128 of 644 tracked lounge doors across 78 airports — see the full map →
Memberships included
- EazyDiner Prime ₹2,495 ₹2,000welcome 3-month EazyDiner Prime (worth ₹1,095) inside the joining voucher pack; one-time, not renewed
Not counted in our net-value math above — worth ₹2,000 a year only if you'd actually use it. Sticker prices struck through; our number assumes you show up. The full matrix →
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 ₹3,000; renewal ₹2,000 waived at ₹3L annual spend. Offered on Visa, Mastercard, RuPay and Amex rails. Full 3.5% forex. 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 Jun 2026AU, YES and IndusInd points open transfers to Maharaja ClubAU/YES/IndusInd points locked in closed loops → Maharaja routes: IndusInd Tiger 1:1 (Pinnacle 2:1, Legend 4:1); AU Zenith+ 3:2, other AU cards 6:1; YES Marquee/Reserv 15:1
Three banks joined Air India's transfer roster at once — and the ratios are the whole story. The lifetime-free IndusInd Tiger gets the only honest 1:1 (capped 25k/month); AU Zenith+ lands a genuinely good 3:2 that triples what AU points were worth; everything else — Pinnacle 2:1, Legend 4:1, the AU 6:1 crowd, YES at a punitive 15:1 — is a decoy dressed as a partnership.
- 1 Apr 2026Maharaja Club gets cheaper awards and faster creditingHigher award costs; slow points crediting → Domestic awards from 1,500 pts; credited within 2 hours
A rare buff. Air India's post-merger programme drops domestic award flights to 1,500 points, cabin upgrades to 4,000, credits Star Alliance miles within two hours, and eases Platinum to 60 flights. The transfer target Indian card geeks care about actually got better.
- 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.
- 10 Jan 2026SBI Card splits domestic lounges into tiers, adds entry feesUniform domestic lounge list, free swipe-in access → Set A/Set B lounge tiers by card, plus ₹2–25 entry charges
From 10 January 2026, SBI Card sorts its domestic lounge network into a Set A (top cards like Club Vistara SBI Card, Apollo SELECT) and a broader Set B (PRIME, Pulse, Titan SBI Card and others) — and bolts on a non-refundable ₹2 authorization charge plus a ₹25 validation hold on every visit. It's marketed as an expansion since more airports are covered, but the fine print is a two-tier system with new friction at the gate, right after SBI had already pulled complimentary air accident insurance six months earlier.
- 1 Dec 2024HSBC TravelOne arrives — a 20-partner airmiles cardNo mainstream HSBC airmiles card in India → ₹4,999 card, 4X travel/forex, 1:1 to Avios & KrisFlyer
HSBC's serious play for Indian miles chasers: 4 points per ₹100 on flights, travel aggregators and forex, and instant 1:1 transfers to British Airways and Qatar Avios plus ~20 airline/hotel partners including KrisFlyer and Air India — all from the app. A genuine sub-₹5k alternative to Atlas. (Welcome-offer window opened 1 Dec 2024.)
- 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.
- 12 Nov 2024Vistara flies its last; Club Vistara becomes Maharaja ClubClub Vistara (Vistara) → Maharaja Club (Air India), points 1:1
Vistara's final flight was 11 November 2024. Over 4.5 million Club Vistara members — and the single most-loved transfer target for Indian card points — folded into Air India's Maharaja Club at 1:1. The premium-cabin sweet spots Indian miles chasers plan around all moved house overnight.
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 (Visa/RuPay/Mastercard/Amex variants) checked 12 Jul 2026
- official ICICI RuPay lineup (lists Rubyx RuPay) checked 12 Jul 2026
Spot an error? Report it →