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ICICI Bank Credit Card Referral Programme: The Complete Guide

ICICI Bank Credit Card Referral Programme

ICICI Bank Credit Card Referral Programme

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ICICI Bank Credit Card Referral Programme: The Indian economy is growing, and so are Indians’ spending habits. A recent survey shows that about 90% of the urban population in India is planning to spend more on goods and services this year than they did last year.

In fact, a majority of the respondents indicated their willingness to increase consumption to maintain or improve their standard of living.

To encourage consumers to take up credit card usage as well as refer their friends, several banks have introduced lucrative schemes.

One such programme is the ICICI Bank Credit Card Referral Programme – a mutually beneficial offer wherein existing customers get an instant 10% cashback on purchases made with their credit card and also receive an additional 5% cashback once they refer a friend who successfully applies for and uses their credit card.

The good news is that you can also avail this programme if you’re looking to apply for a new ICICI Bank credit card.

What’s so great about the ICICI Bank Credit Card Referral Programme?

The ICICI Bank Credit Card Referral Programme allows you to earn cashback when you use your credit card for making purchases and when you refer your friends to apply for a credit card.

The more you use your credit card, the more you earn! There’s nothing better than referring your friends to get a freebie! This is a great way for you to earn cashback and for your friends to get a credit card at a discounted rate.

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You can earn up to Rs. 3000 by referring 5 friends, which is a total of Rs. 6000 cashback!

How does the ICICI Bank Credit Card Referral Program work?

The Referral Program is open to both existing and new customers. Once you’ve referred a friend, they can apply for a credit card.

As soon as they are approved, you will instantly be credited with 10% cashback on their credit card application fees and an additional 5% cashback when they make their first purchase.

You can track your progress in the My Banking tab > Credit Cards > Refer and Earn.

How to get the 10% cashback on purchases with your ICICI Bank Credit Card?

To get the 10% cashback on purchases with your ICICI Bank Credit Card, you will have to choose one of the base variants of the card such as the Classic card, Plus card, etc.

Please note that this offer is applicable only for select cards and is subject to change at any time. You need to choose one of the base variants at the time of application, else you will not be eligible for this offer.

How can you avail the additional 5% cashback on referring a friend?

Once you have referred a friend, you will automatically receive the 5% cashback. The cashback needs to be claimed within 90 days of the referral.

You can track your progress in the My Banking tab > Credit Cards > Refer and Earn. You will be eligible for the 5% cashback only after your friend’s application is approved.

However, the 10% cashback on the credit card application fees will be credited to your account instantly.

The fine print: Important FAQs and Tips!
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– Choose one of the base variants at the time of application, else you will not be eligible for this offer.

– Your friend must be a first-time credit card user to be eligible for this offer.

– The cashback needs to be claimed within 90 days of the referral.

– You will instantly get 10% cashback on the credit card application fees and 5% when your friend makes the first purchase.

– You will be able to track your progress in the My Banking tab > Credit Cards > Refer and Earn.

– You can refer up to 5 friends and can earn a maximum of Rs. 3000.

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Conclusion

The Indian economy is growing, and so are Indians’ spending habits. A recent survey shows that about 90% of the urban population in India is planning to spend more on goods and services this year than they did last year.

In fact, a majority of the respondents indicated their willingness to increase consumption to maintain or improve their standard of living.

To encourage consumers to take up credit card usage as well as refer their friends, several banks have introduced lucrative schemes.

One such programme is the ICICI Bank Credit Card Referral Programme – a mutually beneficial offer wherein existing customers get an instant 10% cashback on purchases made with their credit card and also receive an additional 5% cashback once they refer a friend who successfully applies for and uses their credit card.

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