Adani One ICICI Bank Signature vs MakeMyTrip ICICI Bank (2026)
Two ICICI travel co-brands, two closed loops: ₹5,000 of Adani airport points and 16 lounges vs ₹999 of MakeMyTrip myCash and 0.99% forex — one is an airport-app bet, the other the cheapest travel card ICICI makes.
Head to head
| Metric | Adani One ICICI Bank Signature | MakeMyTrip ICICI Bank |
|---|---|---|
| Our rank | #34 | #41 |
| Annual fee | ₹5,000 + GST | ₹999 + GST |
| Fee waiver | ₹6,00,000 spend | ₹3,00,000 spend |
| Forex markup | 3.5% + GST | 0.99% + GST |
| APR | 3.75%/mo (45%/yr) | 3.75%/mo (45%/yr) |
| Effective reward rate | 1.5% | 1.0% |
| Currency | Adani Reward Points | MakeMyTrip myCash |
| House value | ₹1.00/pt | ₹1.00/pt |
| Welcome benefit | ₹5,000 flight + ₹2,000 hotel vouchers (flight voucher on ₹25k spend within 60 days) | ₹1,000 MakeMyTrip voucher (valid 1 year) + MMTBLACK Gold membership; ₹1,000 more on every renewal (valid 3 months) |
| Lounge doors opened | 581 of 644 | 581 of 644 |
| Income — salaried | not published | not published |
| Income — self-employed | not published | not published |
Gold marks the better side of a row. House value is our ₹-per-point mark for each card's currency — the full valuation index →
Net annual value face-off
Everyday spend at each card's base rate plus a realistic ~20% at its best accelerator (less for narrow or capped boosters) — milestones, fee waivers and the redemption haircut all at our house ₹/point. That's why the biggest headline rate doesn't automatically win. Tune it to your own spend in the calculator.
MakeMyTrip ICICI Bank wins under ₹0.5L/month; Adani One ICICI Bank Signature takes over above it.
Transfer reach
Full route maps on each card page, best ₹/point routes on the optimizer →
The call
For the ₹1L/month spender, Adani One ICICI Bank Signature nets ₹23,280 against ₹15,000 — a ₹8,280 gap. At ₹5L/month, Adani One ICICI Bank Signature nets ₹1,16,400 against ₹75,000 — a ₹41,400 gap. Lounge chasers get no tiebreak here: both open 581 of 644 tracked doors.
Our standing verdicts: Adani One ICICI Bank Signature — Downgrade; MakeMyTrip ICICI Bank — Keep. On our board, Adani One ICICI Bank Signature sits at #34 to MakeMyTrip ICICI Bank's #41 — that's the overall call. Your spend pattern can overrule us: run your exact numbers →