When it comes to co-branded credit cards, ICICI Bank offers a variety of options, but the MakeMyTrip Signature Credit Card stands out with recent updates to its welcome benefits. In this in-depth review, we explore the fees, rewards, and perks of this card to help you decide if it’s the right choice for your financial needs.
Fees and Charges
Joining Fees: Rs. 2500 + GST
Welcome Benefits:
- Get Rs. 1,500 My Cash (MakeMyTrip Cash)
- MakeMyTrip holiday voucher worth Rs. 2,500
- Complimentary MMT BLACK Exclusive membership
Renewal Fees: NIL
Renewal Benefits: None
Supplementary Card Charges: Rs. 250 + GST
Supplementary Card Renewal Charges: NIL
| Joining Fees | Rs. 2,500 + GST |
| Joining Benefits | Rs. 1,500 MMT Cash + Rs. 2,500 MakeMyTrip holiday voucher |
| Renewal Fees | NIL |
| Renewal Benefits | NIL |
Rewards
| Spends Area | Earning Rate | Reward Rate |
|---|---|---|
| Domestic spends outside MakeMyTrip* | 1.25 My Cash / Rs. 200 | 0.625% |
| International spends outside MakeMyTrip* | 1.5 My Cash / Rs. 200 | 0.75% |
| Spends on flight bookings on MakeMyTrip | 2 My Cash / Rs. 200 | 1% |
| Spends on hotel/holiday bookings on MakeMyTrip | 4 My Cash / Rs. 200 | 2% |
The reward structure may not be the most compelling, but considering this card comes with no annual fee, it’s still worth a look. MakeMyTrip My Cash earned will be added to your MakeMyTrip account within 45 business days of the monthly credit card statement generation.
The My Cash you earn is 100% usable and will be credited to your designated MakeMyTrip My Wallet within 45 business days post-payment of the Joining Fee. However, it cannot be used for rail, offline holiday bookings, or ‘Pay at Hotel’ bookings. The MMT Holiday voucher can be used for booking domestic or international holiday packages and is valid for 12 months.
Milestone Benefits on ICICI MakeMyTrip Signature Credit Card
Spending Rs. 2.5 Lakh and above using the ICICI MakeMyTrip Signature Credit Card and earn 1,100 My Cash each anniversary year. Spend Rs. 5 Lakh and above using the card and earn 4,000 My Cash each anniversary year.
While these milestone benefits add value, they may not justify the high spending requirements for some users.
MMT Black Membership
The first-year exclusive MMT Black membership offers several key benefits, including additional discounts on select hotels, hotel privileges, enhanced My Cash value, premium customer care, year-round benefits from MakeMyTrip partners, and access to the MMT BLACK Fest.
To retain this benefit, you need to spend more than Rs. 2 Lakhs on MMT in the next 12 months using the MakeMyTrip Signature credit card, or your membership will be downgraded.
Airport Lounge Access
- International Airport Lounge Access: You receive 1 complimentary visit with the Dreamfolks Card, available upon request.
- Domestic Airport Lounge Access: You get 2 complimentary access passes per quarter by spending Rs. 5,000 in the previous calendar quarter.
- Railway Lounge Access: You receive 2 complimentary railway lounge access passes per quarter.
- Spa Access: 1 domestic airport spa access per year.
The international lounge and spa benefits, along with the Dreamfolks Card, make the ICICI MakeMyTrip Signature credit card appealing, especially considering it comes with no annual fee.
Airtel International Roaming Pack
On booking an international flight/hotel on MakeMyTrip using a MakeMyTrip Signature credit card, you’re eligible for a 10-day complimentary international roaming pack worth up to Rs. 3,999. This offer is exclusive to Airtel Post-paid Mobile subscribers.
BookMyShow and INOX Offer
You get a 25% discount (up to Rs. 150) on the purchase of a minimum of two tickets per transaction, available twice a month on BookMyShow and Inox using MakeMyTrip Signature credit card. However, this offer can be surpassed by some other cards with better perks.
Fuel Surcharge Waiver
A 1% fuel surcharge will be applicable on fuel transactions of up to Rs. 4,000 at HPCL pumps with ICICI MakeMyTrip Signature credit card if swiped on ICICI Merchant Services swipe machines.
Conclusion
ICICI MMT Signature Credit Card
Summary
The ICICI MakeMyTrip Signature Credit Card has its merits, including MMT Black membership, airport lounge and spa access, and international roaming packs, making it a worthwhile addition to your wallet. For those seeking an ICICI card, this is a preferable choice over the ICICI Coral or Platinum cards until you can qualify for their premium offerings. ICICI allows you to hold multiple cards simultaneously, making it easy to switch later.