Amazon Pay ICICI Bank Credit Card Revamp: Enhanced Travel Benefits and Lower Forex Fees

Amazon Pay and ICICI Bank have renewed their partnership for the Amazon Pay ICICI Bank Credit Card, offering enhanced travel benefits and lower forex fees. The card will reduce forex markup on international transactions from 3.5% to 1.99%, providing value for frequent travelers. Prime members enjoy 5% unlimited cashback on shopping and travel bookings via Amazon Pay, while Non-Prime members receive 3% unlimited rewards. The card maintains zero fees, a seamless digital onboarding process, and other core benefits.

Amazon Pay and ICICI Bank have announced significant enhancements to their co-branded credit card, the Amazon Pay ICICI Bank Credit Card, aimed at catering to the growing needs of frequent travelers and online shoppers. Effective October 11, 2025, the card will introduce a reduced forex markup on international transactions, making it more attractive for travelers. The new forex markup will be 1.99%, down from the previous 3.5% [^NUMBER:1].

In addition to the forex fee reduction, the card will offer expanded travel rewards. Prime members will enjoy 5% unlimited cashback on shopping and travel bookings via Amazon Pay, while non-Prime members will receive 3% unlimited rewards. These enhancements reflect a growing demand for travel-linked rewards and lower international transaction costs among Indian cardholders [^NUMBER:2].

The card will retain its core benefits, including no joining or annual fees, unlimited cashback on Amazon shopping for Prime and non-Prime members, and a 2% cashback on Amazon Pay transactions. It will also continue to offer a 3-month no-cost EMI on eligible Amazon.in purchases and a 1% fuel surcharge waiver. The fully digital onboarding process and instant redemption of reward points will remain unchanged.

Executives from both Amazon Pay and ICICI Bank have expressed their commitment to simplifying credit for everyday life and rewarding experiences. The enhancements aim to provide value across both daily expenses and international journeys, solidifying the card's position as a smart choice for everyday and travel spending.