ICICI Reward Points — Value in Rupees
Updated: June 2026· By PointsWallah Editorial
Quick Answer
Range: ₹0.15 (worst, catalog) to ₹0.50(best, transfer partners). Never redeem for catalog items — you lose 50-70% of your points' value.
Redemption Options — Value per Point
From worst to best. Always aim for the highest value redemption method.
| Redemption Method | Value per Point | Notes |
|---|---|---|
| Catalog redemption | ₹0.15Avoid | Low value |
| Statement credit | ₹0.25 | Straightforward but below optimal |
| Travel redemption via iWish | ₹0.30 | Good value for flights |
| Amazon Pay balance (ICICI Amazon card) | ₹1.00Best | 1:1 value — Amazon Pay card gives direct cashback |
Cards That Earn ICICI Reward Points
Amazon Pay ICICI Credit Card
India's most popular co-branded card. Lifetime free with 5% back on Amazon for Prime members. The card every Amazon shopper should have.
ICICI Sapphiro
ICICI's answer to the HDFC Regalia. 4x rewards on all spends, strong lounge access, and solid value for ICICI banking customers.
ICICI Coral Credit Card
ICICI's dining-focused mid-tier card. The Culinary Treats Buy-1-Get-1 program at partner restaurants is the real draw here.
ICICI Rubyx Credit Card
ICICI's premium card for dining and shopping enthusiasts. 8x on restaurants, 6x on Amazon/Flipkart, with 8+4 lounge visits.
ICICI Emeralde Credit Card
ICICI's answer to the Infinia. 5x on everything, 10x on travel, unlimited lounges, and Taj hotel benefits. The super-premium card for ICICI loyalists.
ICICI Platinum Chip Credit Card
ICICI's most basic card. Zero fee for salary account holders. Get it only to build credit history and upgrade to Coral or Rubyx later.
ICICI Manchester United Credit Card
The card for Manchester United fans in India. 2x on all spends, 4x on international purchases, plus exclusive Man Utd promotions and merchandise access.
ICICI MakeMyTrip Credit Card
The card for MakeMyTrip loyalists. 5% back on MMT bookings and a free voucher at 2L spend. Best paired with an everyday spend card.
Our Methodology
We calculate point values by comparing the cost of goods/services when paid with cash vs. when redeemed with points. For transfer partners, we use the average value of award redemptions for economy and business class flights and standard hotel nights.
Values are approximate and updated monthly. Actual value may vary based on specific redemption choices, availability, and seasonal pricing.
Frequently Asked Questions
What is 1 ICICI Bank reward point worth in rupees?
At optimal redemption, 1 ICICI reward point is worth approximately ₹0.30. The value ranges from ₹0.15 (worst, via catalog) to ₹0.50 (best, via transfer partners).
What is the best way to redeem ICICI Reward Points?
The best redemption method is "Amazon Pay balance (ICICI Amazon card)" at ₹1.00 per point. Avoid catalog redemption which gives the worst value.
How do I check my ICICI Bank reward points balance?
Log into your ICICI Bank net banking or mobile app. Navigate to the credit card section and look for "Reward Points" or "Points Summary." You can also call the number on the back of your card.
Disclaimer: Point valuations are approximate and based on our independent analysis. Actual redemption values may vary. Banks may change reward structures, transfer ratios, and redemption options without notice. This information is for educational purposes only and does not constitute financial advice.