03 Mar
ICICI Bank Canada Cashback Offers | Maximize Rewards
March 03, 2024
Are you looking to earn rewards on your everyday purchases? ICICI Bank Canada has the perfect solution for you – their Cash Back Rewards program. With this program, customers can earn cash back rewards on every purchase they make, allowing them to maximize their savings and enjoy a little extra in their wallets.
ICICI Bank Canada’s Cash Back Rewards program is offered through their Gemstone Collection credit cards. These cards provide customers with the opportunity to earn cash back rewards on a variety of categories, including Gas & Groceries, Entertainment, and Travel. Depending on the category, customers can earn up to 1% cash back on their purchases. Plus, they have the flexibility to change their category choice every six months, giving them the freedom to adapt their rewards to their spending behavior.
Wondering where you can earn these cash back rewards? ICICI Bank Canada has partnered with a range of merchants, including gas stations, grocery stores, restaurants, bars, movie theaters, and hotels. So whether you’re filling up your car, stocking up on groceries, or enjoying a night out, you can earn cash back on your purchases.
It’s important to note that there are some transactions that are not eligible for cash back rewards, such as cash advances, purchase returns, card fees, and interest charges. However, for most everyday purchases, you can earn rewards and enjoy the benefits of the program.
If you’re looking to make the most of your spending and get rewarded for your loyalty, ICICI Bank Canada’s Cash Back Rewards program is the perfect fit. With their Gemstone Collection credit cards and a wide range of eligible merchants, you can earn cash back on your everyday purchases and maximize your rewards.
Key Takeaways:
- Earn cash back on every purchase with ICICI Bank Canada’s Cash Back Rewards program.
- Choose from categories such as Gas & Groceries, Entertainment, and Travel to earn additional cash back rewards.
- Eligible merchants include gas stations, grocery stores, restaurants, bars, movie theaters, and hotels.
- Some transactions, such as cash advances and card fees, are not eligible for cash back rewards.
- Make the most of your spending and get rewarded for your loyalty with ICICI Bank Canada’s Cash Back Rewards program.
ICICI Bank Cash Back Rewards Program Terms and Conditions
The ICICI Bank Cash Back Rewards Program is subject to specific terms and conditions. These terms and conditions outline the guidelines for the use, provisions, benefits, and limits of the program and associated credit cards. The terms and conditions are subject to change at the discretion of ICICI Bank Canada.
The program is based on earning and redeeming cash back rewards, which are calculated as a certain percentage of the net purchases charged to the account. Eligible purchases include gas and grocery purchases, entertainment purchases, and travel purchases. Returns and credits are also accounted for in the rewards calculation.
The program details and terms can be found on the ICICI Bank Canada website or at any ICICI Bank Canada branch.
The Gemstone Collection Credit Cards
ICICI Bank Canada offers two credit cards within their Gemstone Collection – the Rubyx Visa Platinum Credit Card and the Coral Visa Credit Card.
The Rubyx card has an annual fee of $49 and offers 2% cash back rewards on a selected bonus category (Gas & Groceries, Entertainment, or Travel) and 1% cash back rewards on all other purchases.
The Coral card has no annual fee and provides 1% cash back rewards on a selected bonus category and 0.5% cash back rewards on all other purchases.
Both cards come with certain interest rates for purchases and cash advances. These credit cards are designed to provide customers with benefits, offers, and features while earning cash back rewards on their spending.
How to Make Use of Your ICICI Cash Back Rewards Program
To make the most of the ICICI Cash Back Rewards Program, you need to understand how to earn and redeem your rewards. Here are the key steps:
- Earn Rewards: Rewards credits are earned on eligible net purchases made with your ICICI credit card. The percentage of cash back rewards you earn depends on the category of your purchase. For example, you may earn 1% cash back on grocery purchases and 0.5% cash back on entertainment purchases.
- Choose Bonus Category: As a member, you have the option to select one bonus category to earn extra rewards. This can be gas and groceries, entertainment, or travel. By selecting a bonus category that aligns with your spending habits, you can maximize your cash back benefits.
- Credits and Returns: Returns and account credits are also taken into account when calculating your rewards. If you make a return or receive a credit, it may affect your cash back balance.
- Redeem Rewards: The cash back rewards you earn can be redeemed for future purchases or other benefits offered through the program. This can include statement credits, gift cards, merchandise, or even travel rewards.
Example of Cash Back Calculation:
Let’s say you have selected the gas and groceries category as your bonus category and you spend $200 on groceries and $100 on gas. Based on the 1% cash back rate, you would earn $2 for groceries and $1 for gas. Your total cash back rewards for this purchase would be $3.
| Purchase Category | Amount Spent | Cash Back Rate | Cash Back Earned |
|---|---|---|---|
| Gas | $100 | 1% | $1 |
| Groceries | $200 | 1% | $2 |
By following these steps, you can take full advantage of the ICICI Cash Back Rewards Program and enjoy the benefits of earning cash back on your everyday purchases.
ICICI Bank Canada Cashback: Program Details
The ICICI Bank Canada Cash Back Rewards Program is a customer loyalty program that allows members to earn and redeem cash back rewards. As a member of the program, you have the opportunity to enjoy the benefits of cashback offers and maximize your savings.
It’s important to note that the cashback rewards offered through the program are not exchangeable for cash and hold no cash value. However, these rewards can be a valuable tool to help you save money on your everyday purchases.
The program operates based on the earning, accumulation, and redemption of rewards. As you make eligible purchases with your ICICI Bank Canada credit card, you will earn cashback rewards. These rewards are credited to your account at specified periods and can be accumulated over time.
While the specific details, benefits, and limitations of the program are outlined in the terms and conditions provided by ICICI Bank Canada, it’s essential to highlight some key aspects:
- The program allows you to earn cashback rewards on a wide range of eligible purchases, including gas and groceries, entertainment, and travel.
- Your cashback rewards are calculated as a percentage of your net purchases charged to your account.
- You have the flexibility to redeem your accumulated rewards for future purchases or other benefits offered through the program.
- It’s crucial to review the terms and conditions to understand any restrictions or limitations that may apply to the redemption of your cashback rewards.
For further information about the ICICI Bank Canada Cash Back Rewards Program, you can contact the 24-hour customer contact center or visit the official ICICI Bank Canada website. Stay informed about the program details to make the most of your cashback benefits and enjoy the rewards that come with being an ICICI Bank Canada credit cardholder.
The ICICI Bank Canada Cash Back Rewards Program at a glance:
| Program Name | Reward Type | Earn Rate | Redemption Options |
|---|---|---|---|
| ICICI Bank Canada Cash Back Rewards Program | Cashback rewards | Percentage of net purchases | Future purchases or program benefits |
Keep in mind that these details are just a summary of the program. To fully understand the program’s terms and conditions, it’s recommended to review the official documentation provided by ICICI Bank Canada.
Image alt tag: ICICI Bank Canada Cashback Program Details
ICICI Bank Canada Credit Card Benefits and Features
ICICI Bank Canada offers a range of credit cards with various benefits and features. These credit cards, including the Gemstone Collection cards, provide customers with an array of advantages, ensuring a rewarding experience every time they make a purchase. In addition to cash back rewards, ICICI Bank Canada credit cards come with other valuable benefits and features that cater to different needs and preferences.
Travel Insurance
One of the key benefits of ICICI Bank Canada credit cards is the inclusion of travel insurance. Whether you’re traveling domestically or internationally, the travel insurance coverage provides peace of mind and financial protection during your trips. It may include coverage for trip cancellation, interruption, baggage loss or delay, emergency medical expenses, and more. The specific coverage details vary depending on the credit card you choose.
Purchase Protection
ICICI Bank Canada credit cards offer purchase protection, safeguarding your purchases against damage, theft, or loss. This benefit ensures that you are protected when you buy items using your credit card. If the purchased item is damaged, stolen, or lost within a specific period of time, you may be eligible for reimbursement or a replacement, subject to terms and conditions.
Extended Warranty
With an ICICI Bank Canada credit card, you can enjoy an extended warranty on eligible purchases. This means that the original manufacturer’s warranty can be extended for an additional period, providing you with greater peace of mind. The extended warranty benefit can save you money on repair or replacement costs for eligible items, offering an added layer of protection.
Concierge Services
ICICI Bank Canada credit cards also provide access to personalized concierge services. These services can assist you with various tasks and requests, such as booking reservations, arranging travel itineraries, providing recommendations, and much more. The concierge services offer convenience and assistance to enhance your lifestyle and make everyday tasks easier.
Cash Back Rewards
In addition to these valuable benefits, ICICI Bank Canada credit cards offer cash back rewards on eligible purchases. By using your credit card for everyday expenses, you can earn cash back that can be redeemed for future purchases, helping you save money and maximize your rewards.
For more information and a detailed comparison of the benefits and features of ICICI Bank Canada credit cards, visit the ICICI Bank Canada website or speak to a representative at your nearest ICICI Bank Canada branch.
Conclusion
ICICI Bank Canada offers a comprehensive Cash Back Rewards program for their credit card holders. Through this program, customers have the opportunity to earn cash back rewards on their everyday purchases. By understanding the program details, terms and conditions, as well as the benefits and features of ICICI Bank Canada credit cards, customers can maximize their rewards and enjoy the best cash back deals.
With ICICI Bank Canada’s Cash Back Rewards program, customers can earn cash back on various categories such as gas and groceries, entertainment, and travel. This allows them to make the most of their everyday spending and be rewarded for their loyalty.
Whether you’re filling up your gas tank, buying groceries, or treating yourself to a night out, ICICI Bank Canada’s Cash Back Rewards program is designed to help you earn cash back on your purchases. Don’t miss out on this opportunity to make your spending work for you!
FAQ
What is ICICI Bank’s Cash Back Rewards program?
ICICI Bank Canada offers a flexible Cash Back Rewards program through their Gemstone Collection credit cards. With this program, customers can earn cash back rewards on every purchase they make.
What categories can I earn additional cash back rewards in?
Customers have the option to choose from three categories – Gas & Groceries, Entertainment, or Travel – to earn additional cash back rewards based on their spending behavior.
How much cash back can I earn with the ICICI Bank Cash Back Rewards program?
The cash back rewards range from 0.5% to 1% depending on the category.
Can I change my category choice for earning cash back rewards?
Yes, customers can change their category choice every six months.
Which merchants are eligible for the cash back program?
Some eligible merchants include gas stations, grocery stores, restaurants, bars, movie theaters, and hotels.
Are there any transactions not eligible for cash back rewards?
Certain transactions such as cash advances, purchase returns, card fees, and interest charges are not eligible for cash back rewards.
What are the annual fees for the Gemstone Collection credit cards?
The Rubyx Visa Platinum Credit Card has an annual fee of $49, while the Coral Visa Credit Card has no annual fee.
How much cash back can I earn with the Rubyx card and the Coral card?
The Rubyx card offers 2% cash back rewards on a selected bonus category and 1% cash back rewards on all other purchases. The Coral card provides 1% cash back rewards on a selected bonus category and 0.5% cash back rewards on all other purchases.
How do I earn and redeem my ICICI Cash Back Rewards?
Rewards credits are earned on eligible net purchases made with the credit card. These credits are calculated as a percentage of the net purchases and can be redeemed for future purchases or other program benefits.
What benefits and features do ICICI Bank Canada credit cards offer?
ICICI Bank Canada credit cards, including the Gemstone Collection cards, offer benefits such as travel insurance, purchase protection, extended warranty, and concierge services. The exact benefits vary depending on the specific credit card.
Source Links
- https://www.icicibank.ca/en/personal/credit-card/index
- https://www.icicibank.ca/en/personal/credit-card/rewards-program-coral
- https://www.icicibank.ca/content/dam/icicibank/icici-assets/ca/rewards-program-tnc.pdf
