ICICI Bank Revamps Credit Card Rewards: Key Changes from February 1

Index heavyweights are another major contributor to the fall seen on the Sensex and the Nifty 50 today. Reliance Industries and ICICI Bank are together contributing to 135 points out of the 175-point drop on the Nifty 50 in today's session. Adding to that is the decline seen in IT majors Infosys and TCS, along with HDFC Bank.

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CNBC TV18•30-01-2026, 08:50

ICICI Bank Revamps Credit Card Rewards: Key Changes from February 1

•ICICI Bank will discontinue select credit card rewards and revise earning limits on specific spending categories starting February 1.
•The complimentary BookMyShow movie benefit will be withdrawn for Instant Platinum Credit Card variants; other cards retain it with quarterly spending thresholds.
•Reward point earnings on transportation spends (rail, public transport) will be capped at ₹20,000/month for premium cards and ₹10,000/month for entry/mid-tier cards.
•Eligible cardholders can still earn reward points on insurance spends up to ₹40,000/month on select cards, including HPCL Super Saver.
•These changes follow broader revisions in January covering transaction fees, DCC charges, and EMI foreclosure charges.

Why It Matters: ICICI Bank is adjusting credit card rewards and spending limits, impacting movie benefits, transport, and insurance spends.

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