ICICI Bank Cuts Benefits On 21 Credit Cards, Here's What Has Changed For Airport Lounge Access

ICICI Bank cardholders have been updated that there will be changes in their credit card features and charges from April 1, 2024, as the lender has modified airport lounge access benefits and reward points rules on its 21 credit cards.

According to the bank website, ICICI Bank website credit cardholders will get one complimentary airport lounge access by spending Rs 35,000 in the preceding calendar quarter. This means the card spending made in the January-March 2024 can be used in the April-June 2024 quarter.

The revision by ICICI Bank in its airport lounge access benefits comes after credit cardholders at HDFC Bank, IDFC First Bank, SBI Card, and a few others saw similar changes in 2023.

These lenders had introduced minimum spending criteria on some of the credit cards to be eligible for airport lounge access.

The ICICI Bank website says, "Starting Apr 01, 2024, you can enjoy One complimentary airport lounge access by spending Rs. 35,000 in the preceding calendar quarter. Spends made in the preceding calendar quarter will unlock access for the subsequent calendar quarter. To be eligible for complimentary lounge access in the Apr-May-Jun, 2024 quarter, you need to spend a minimum of Rs.35,000 in the January-February-March 2024 quarter and similarly for following quarters."

At present, cardholders of ICICI Bank Coral Credit Card or ICICI Bank Expressions Credit Card are required to spend a minimum spend of Rs 5,000 or more in a quarter to become eligible for complimentary lounge access.

This revised spending criterion to avail complimentary airport lounge access in India will be applicable for below mentioned ICICI Bank credit cards:

ICICI Bank Coral Credit Card
ICICI Bank NRI Secured Coral Visa Credit Card
ICICI Bank Coral American Express Credit Card
ICICI Bank Secured Coral Credit Card
ICICI Bank Coral Contactless Credit Card
ICICI BANK NRI Coral Credit Card
ICICI Bank LEADTHENEW Coral Credit Card
ICICI Bank Coral Rupay Credit Card
ICICI Bank MasterCard Coral Credit Card
ICICI Bank Expressions Credit Card
MINE Credit Card By ICICI Bank Visa Card
MINE Credit card By ICICI Bank Mastercard
ICICI Bank HPCL SUPER SAVER Visa Credit Card
MakeMyTrip ICICI Bank Platinum Credit Card
ICICI Bank Manchester United Platinum Credit Card
Chennai Super Kings ICICI Bank Credit Card
SPEEDZ ICICI Bank Credit Card
ICICI Bank Parakram Select Credit Card
ICICI Bank Business Blue Advantage Card
ICICI Bank MakeMy Trip Mastercard Business Platinum Credit Card

Dynamic currency conversion fee

ICICI Bank has modified the dynamic currency conversion fee. Starting February 1, a dynamic currency conversion (DCC) fee of 1% plus taxes will be levied on each international transaction carried out in domestic currency at an international location or transactions carried out in Indian currency with merchants located in India but registered in a foreign country. These charges will apply to all ICICI Bank credit cards.

The ICICI Bank website stated: "DCC is the currency conversion service on real real-time basis. DCC allows you to make credit card payments in Indian Currency at an International location or to merchants located in India but registered in a foreign nation. Although DCC simplifies the understanding of prices in Indian currency, it involves additional mark-ups/charges levied by merchants that maybe unfavourable for you."

Zero reward points on rent payments & e-wallet loading

Effective from February 1, ICICI Bank will not give reward points on rent payments and e-wallet loading using credit cards. This change will apply to all ICICI bank credit cards, except for Amazon Pay ICICI Bank credit cards.
Credit card transactions with Merchant Category Code (MCC) 6513, 7349 are covered under Rental Payments.