ICICI bank Visa/Master/RuPay Debit Cards devalued

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Finance Mentor
abhishek012

ICICI bank Visa/Master/RuPay Debit Cards devalued:

Link: https://www.icicibank.com/personal-banking/card...

Upcoming changes to ICICI Bank Debit Card Features and Charges
Airport Lounge Access:

Starting October 01, 2024, you can enjoy Two complimentary airport lounge access by spending Rs. 10,000 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 Oct- Nov- Dec, 2024 quarter, you need to spend a minimum of Rs. 10,000 in the Jul-Aug-Sept, 2024 quarter and similarly for following quarters. This updated criteria to avail complimentary domestic airport lounge access will be applicable for below cards:

Please go through the below illustration to understand the Spend period along with the Lounge eligibility period

Sr. No. Spend period Lounge eligibility period
1 Customer spends Rs 10,000 Jun 26, 2024 to Sep 25, 2024 Complimentary lounge access(es) between Oct 1, 2024 to Dec 31, 2024
2 Customer spends Rs 10,000 Sep 26, 2024 to Dec 25, 2024 Complimentary lounge access(es) between Jan 1 2025, to March 31, 2025
This updated criteria to avail complimentary domestic airport lounge access will be applicable for below cards:
ICICI Bank Coral Paywave Debit Card ICICI Bank Expressions Business MasterCard Debit card
ICICI Bank Rupay Coral debit Card ICICI Bank Expressions MasterCard Debit card
ICICI Bank Coral Business MasterCard ICICI Bank Expressions Paywave Debit Card
ICICI Bank Coral Business Debit Card ICICI Bank Expressions Business Debit card
ICICI Bank Coral MasterCard ICICI Bank Paywave Expressions Debit card
ICICI Bank Coral Paywave Business Debit card ICICI Bank Expressions Coral Business MasterCard Debit card
ICICI Bank Coral Chip Debit Card ICICI Bank Expressions Coral MasterCard Debit card
ICICI Bank Rubyx Debit Card ICICI Bank Expressions Business Coral Debit Card
ICICI Bank Rupay Rubyx Debit Card ICICI Bank Expressions Coral Debit card
ICICI Bank Rubyx MasterCard Debit Card
FAQ
How to access complimentary airport lounges in India?

Eligible cardholders need to present their valid, unexpired cards, and a valid air ticket or boarding pass for travel on the same or next day at the entrance of the participating Lounges to gain entry. An authorisation amount of Rs.2 shall be charged on each eligible card presented at the entrance to the Participating Lounge. It's important to note that the free access is generally limited to the cardholder, any accompanying guest(s) may incur charge(s). This program is provided by a third party and governed by such third party terms and conditions.

How will I qualify to avail complimentary domestic airport lounge access?

Starting Oct 01, 2024, you can enjoy Two complimentary airport lounge access by spending Rs. 10,000 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 Oct- Nov- Dec, 2024 quarter, you need to spend a minimum of Rs.10,000 in the Jul-Aug-Sept, 2024 quarter and similarly for following quarters.

These updated criteria, to avail complimentary domestic airport lounge access will be applicable for the cards in abovementioned table. However for the other ICICI Bank debit cards there is no change in the spending criteria.

What types of transactions will be considered for Rs. 10,000 spends limit?

For debit cards quarterly spends limit of Rs. 10,000, E-commerce, POS transactions will be considered; ATM transactions and cash withdrawals will not be considered.

What were the Old Debit cards’ spends criteria for lounge access?

For Old Debit cards’ spends limit criteria-lounge access, we had Rs. 3000 spends limit for Coral, Business Coral, Expressions, Business Expressions Debit cards

Additionally, we also had Rs. 4000 spends limit for Rubyx, Expressions Coral, Business Expressions Coral debit cards.

Disclaimer
We are not SEBI/IRDA registered. The information provided herein is for education purposes only. We will not be responsible for any of your profit/loss with this channel's suggestions. Consult your financial advisor before making any decisions.
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Deal Lieutenant Deal Lieutenant
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hmm devaluation ??? phew debit cards


does ICICI CC had any value (except amazon ICICI CC that too is worthless in this recent dull discount sale)

making me think ICICI does it have any value to be devalued ??

(hence they are stripping lounges in debit cards)

Deal Lieutenant Deal Lieutenant
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true all other cc are trash in icici
Savings Mentor Savings Mentor
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Looks like Wealth management Debit card not affected by this

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