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Side-by-Side Comparison|Updated March 2026

ICICI Bank Instant Platinum Credit Card vs Amazon Pay ICICI Bank Credit Card

Detailed comparison of fees, rewards, benefits, and value to help you choose the right credit card for your spending pattern.

ICICI Bank

ICICI Bank Instant Platinum Credit Card

6.5/10
Annual FeeFree
Base Rewards0.125%
NetworkVisa
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ICICI Bank

Amazon Pay ICICI Bank Credit Card

9.5/10
Annual FeeFree
Base Rewards1%
NetworkVisa
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Feature-by-Feature Comparison

FeatureICICI Bank Instant Platinum Credit CardAmazon Pay ICICI Bank Credit Card
Annual FeeFreeFree
Joining FeeFreeFree
Fee Waiver SpendN/AN/A
Base Reward Rate0.125%1%
Reward CurrencyICICI Bank RewardsAmazon Pay Balance
NetworkVisaVisa
Editor Rating6.5/109.5/10
Forex Markup3.5%3.5%

Pros & Cons

ICICI Bank Instant Platinum Credit Card

Pros

  • Lifetime Free card with no joining or annual fees.
  • No income proof or credit score required as it is a secured card against FD.
  • Lower interest rate of 2.49% per month compared to standard credit cards.
  • Instant issuance over-the-counter or via iMobile app for FD holders.

Cons

  • Requires a minimum Fixed Deposit of ₹50,000 which stays locked.
  • No complimentary domestic or international airport lounge access.
  • Very basic reward rate of 0.5% on most spends.

Amazon Pay ICICI Bank Credit Card

Pros

  • Unlimited 5% cashback on Amazon.in for Prime members with no upper cap.
  • Lifetime free card with zero joining and annual fees forever.
  • Rewards are automatically credited as Amazon Pay balance every month.
  • Competitive 1.99% forex markup fee for international transactions.

Cons

  • Cashback is restricted to Amazon Pay balance and cannot be withdrawn as cash.
  • Lounge access is now spend-based (₹75,000 per quarter) rather than flat complimentary.
  • No rewards on fuel, rent, gold, or EMI transactions.

Our Verdict

Amazon Pay ICICI Bank Credit Card edges ahead overall with a stronger combination of rewards and value. However, ICICI Bank Instant Platinum Credit Card could be the better pick if its specific category strengths match your spending habits.

Choose ICICI Bank Instant Platinum Credit Card if

Ideal for students or individuals with no credit history to build their CIBIL score safely.

Choose Amazon Pay ICICI Bank Credit Card if

Maximum value for Prime members shopping frequently on Amazon India.

Frequently Asked Questions

Which is better: ICICI Bank Instant Platinum Credit Card or Amazon Pay ICICI Bank Credit Card?
Amazon Pay ICICI Bank Credit Card edges ahead overall with a stronger combination of rewards and value. However, ICICI Bank Instant Platinum Credit Card could be the better pick if its specific category strengths match your spending habits.
What is the annual fee difference between ICICI Bank Instant Platinum Credit Card and Amazon Pay ICICI Bank Credit Card?
ICICI Bank Instant Platinum Credit Card has no annual fee, while Amazon Pay ICICI Bank Credit Card has no annual fee.
Which card has better rewards: ICICI Bank Instant Platinum Credit Card or Amazon Pay ICICI Bank Credit Card?
ICICI Bank Instant Platinum Credit Card offers a base reward rate of 0.125%. Amazon Pay ICICI Bank Credit Card offers 1% base rewards. The better choice depends on your primary spending categories.
Can I have both ICICI Bank Instant Platinum Credit Card and Amazon Pay ICICI Bank Credit Card?
Yes, many users hold multiple credit cards to maximize rewards across different spending categories. ICICI Bank Instant Platinum Credit Card and Amazon Pay ICICI Bank Credit Card can complement each other if they cover different reward categories.
Which card is better for beginners: ICICI Bank Instant Platinum Credit Card or Amazon Pay ICICI Bank Credit Card?
For beginners, ICICI Bank Instant Platinum Credit Card may be more approachable with no annual fee. However, evaluate based on your expected spending pattern rather than fee alone.

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