MakeMyTrip ICICI Bank vs Scapia (Federal Bank) (2026)
Two cheap travel cards that die inside an app: MMT's 0.99% forex + 6% hotel myCash at ₹999 vs Scapia's 0% forex and coins for free — Scapia wins the border, MMT wins the booking.
Head to head
| Metric | MakeMyTrip ICICI Bank | Scapia (Federal Bank) |
|---|---|---|
| Our rank | #41 | #24 |
| Annual fee | ₹999 + GST | ₹0 + GST |
| Fee waiver | ₹3,00,000 spend | None |
| Forex markup | 0.99% + GST | Nil — 0% markup (official KFS) |
| APR | 3.75%/mo (45%/yr) | 3.75%/mo (45%/yr), from date of transaction; same rate on cash advances (no interest-free period on cash) |
| Effective reward rate | 1.0% | 2.0% |
| Currency | MakeMyTrip myCash | Scapia Coins |
| House value | ₹1.00/pt | ₹0.20/pt |
| Welcome benefit | ₹1,000 MakeMyTrip voucher (valid 1 year) + MMTBLACK Gold membership; ₹1,000 more on every renewal (valid 3 months) | None — lifetime free with no joining bonus; the 0% forex is the pitch |
| Lounge doors opened | 581 of 644 | 72 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.
Scapia (Federal Bank) out-earns MakeMyTrip ICICI Bank at every spend level we model, from ₹25k to ₹5L a month.
Transfer reach
Full route maps on each card page, best ₹/point routes on the optimizer →
The call
For the ₹1L/month spender, Scapia (Federal Bank) nets ₹26,400 against ₹15,000 — a ₹11,400 gap. At ₹5L/month, Scapia (Federal Bank) nets ₹1,32,000 against ₹75,000 — a ₹57,000 gap. Lounge chasers: MakeMyTrip ICICI Bank opens 581 of 644 tracked doors to Scapia (Federal Bank)'s 72.
Our standing verdicts: MakeMyTrip ICICI Bank — Keep; Scapia (Federal Bank) — Keep. On our board, Scapia (Federal Bank) sits at #24 to MakeMyTrip ICICI Bank's #41 — that's the overall call. Your spend pattern can overrule us: run your exact numbers →