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Bye Payback : ICICI New Rewards Program from April 2022

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Deal Lieutenant
bohemian

Our valued partnership with PAYBACK (Loyalty solutions) is expiring from Mar 31, 2022. It has been our privilege to serve you through this partnership for many years. We will credit all your PAYBACK Reward Points earned until March 2022 (Till your March, 2022 Statement/Billing Date) to your PAYBACK Account. Your PAYBACK points can be seamlessly redeemed exclusively from the PAYBACK


We are delighted to launch a new ICICI Bank Rewards programme starting from Apr 01, 2022. You will now earn ICICI Bank Reward Points towards spends on your Credit & Debit Cards. You can track your ICICI Bank Reward Points through Internet Banking & the iMobile Pay app. Redemption of your ICICI Bank Reward Points, accrued from April 2022, shall start from Jul 01, 2022 on our rewards platform, with a specially customised list of hundreds of premium brands and services offerings.

https://www.icicibank.com/Personal-Banking/rewa...

Will I be able to redeem my ICICI reward points against the outstanding on my ICICI Bank credit card?

You will be able to redeem your ICICI reward points earned on your
ICICI Bank Credit Card against the outstanding on your ICICI Bank credit
card soon after 1st July 2022.

Expired
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 Subedar Deal Subedar
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much needed. and thank god ICICI is getting rid of payback.
now i hope they launch something useful this time.

Deal Subedar Deal Subedar
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akki.akki wrote:

much needed. and thank god ICICI is getting rid of payback.
now i hope they launch something useful this time.

With ICICI it will be reward points for 1st 200 customers 😬

Deal Subedar Deal Subedar
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hope something good comes up without stupid redemption charges

Deal Lieutenant Deal Lieutenant
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Sudarshan61 wrote:

hope something good comes up without stupid redemption charges

Reward page show
Airline, gift card, hotels. etc somewhat like SB,

but its icici so not much hope, anything other than payback is good

Deal Cadet Deal Cadet
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The only hope from ICICI is that they keep the new reward program as bad as the existing Payback program and not something worse which is a high probability.

Deal Cadet Deal Cadet
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What about existing points should we claim that or leave it???

Analyst Analyst
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akki.akki wrote:

much needed. and thank god ICICI is getting rid of payback.
now i hope they launch something useful this time.

zero hopes from ICICI.

Until now I maintained a separate payback account for icici alone to get away from frequent redemption charges. Now time has come to merge two accounts I have and take advantage of combined rewards.

On a similar note, payback points can be redeemed on HP pay app which can be used for fuel payments at HPCL outlets. Not all outlets accept the payment via HP Pay, but most in metros accept.

Deal Lieutenant Deal Lieutenant
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adi22raj wrote:

What about existing points should we claim that or leave it???

most probably we need to forgo payback points if they are less than 400

Deal Subedar Deal Subedar
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they shd improve reward on emerald and sapphiro

Deal Lieutenant Deal Lieutenant
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adi22raj wrote:

What about existing points should we claim that or leave it???

Can be redeemed till expiry of points



You will be able to seamlessly redeem/access your PAYBACK reward
points that have been accrued until 31st March 2022 like earlier through
all PAYBACK channels until the expiry of your PAYBACK Reward Points
(After normal expiry of the points, these points will not be renewed)

  • Customer call centre: 1860 258 5000 (Local call charges apply), which is operational every day from 10:00 AM to 9:00 PM
  • You can redeem via PAYBACK application
  • PAYBACK points can also be redeemed through PAYBACK partners


PAYBACK points earned has an expiry of 36 months/3years.




Deal Captain Deal Captain
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Bk100 wrote:

most probably we need to forgo payback points if they are less than 400

Why to forgo? One can redeem those points through various ways.

Deal Lieutenant Deal Lieutenant
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Currently they are charging 25+gst for online and 100+gst for offline(I think) for icici linked payback account points redemption. I hope they won’t charge if we redeem after Mar 31st as the link between payback and icici gets broken after Mar 31st.

Cool Cool
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Payback has been purchased by BharatPe so this was surely going to happen.

Deal Cadet Deal Cadet
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bohemian wrote:

Can be redeemed till expiry of points



You will be able to seamlessly redeem/access your PAYBACK reward
points that have been accrued until 31st March 2022 like earlier through
all PAYBACK channels until the expiry of your PAYBACK Reward Points
(After normal expiry of the points, these points will not be renewed)

  • Customer call centre: 1860 258 5000 (Local call charges apply), which is operational every day from 10:00 AM to 9:00 PM
  • You can redeem via PAYBACK application
  • PAYBACK points can also be redeemed through PAYBACK partners


PAYBACK points earned has an expiry of 36 months/3years.




i think better to call cc and claim all points against statement  because redemption charges is also less

Deal Hunter Deal Hunter
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Dear Customer,

Our valued partnership with PAYBACK (Loyalty solutions) is expiring from Mar 31, 2022. It has been our privilege to serve you through this partnership for many years. We will credit all your PAYBACK Reward Points earned until March 2022 (Till your March, 2022 Statement/Billing Date) to your PAYBACK Account. Your PAYBACK points can be seamlessly redeemed exclusively from the PAYBACK website (www.payback.in), PAYBACK app and at PAYBACK partners, as per the programme.


We are delighted to launch a new ICICI Bank Rewards programme starting from Apr 01, 2022. You will now earn ICICI Bank Reward Points towards spends on your Credit & Debit Cards. You can track your ICICI Bank Reward Points through Internet Banking & the iMobile Pay app. Redemption of your ICICI Bank Reward Points, accrued from April 2022, shall start from Jul 01, 2022 on our rewards platform, with a specially customised list of hundreds of premium brands and services offerings.



https://www.icicibank.com/Personal-Banking/rewa...


Reward Points



ICICI Rewards Program will start on April 1, 2022. You will earn the new ICICI Reward Points on purchases made using on your ICICI Debit and Credit Cards from April 1, 2022 as per the card product features.




  • You can choose to redeem your Reward Points through our new reward platform starting July 1, 2022 from a list of hundreds of premium brands and services offerings.



  • PAYBACK points earned until 31st March, 2022 will be credited to your PAYBACK account. Starting April 1, 2022, you can redeem your PAYBACK points exclusively from PAYBACK website, PAYBACK app and at PAYBACK partners.

What is the new ICICI Rewards program?

ICICI Bank Credit & Debit Cards is launching a new exciting, state of the art ”ICICI Rewards Program’ on 1st April 2022 with a bundle of new offers.


The points earned on ICICI Bank Credit Card or Debit Cards from 1st April 2022 will be accrued as a part of the new ICICI Rewards Programe.


You will be able to redeem your ICICI Reward Points through ICICI Bank channels from 1st July 2022.



Where can I see points accrued on my cards under the ICICI Rewards Program?

Reward points will be seamlessly accrued into your ICICI Rewards account from 1st April 2022. You will be able to view your ICICI Reward Points on your ICICI Bank Credit and Debit Cards through ICICI channels from 31st May 2022.


All your points accrued under the new ICICI Rewards Program will be available for redemption from 1st July 2022 via ICICI Bank channels.


How can I redeem new ICICI Reward Points which are earned from 1st Apr’22?

Redemption of your ICICI Bank Rewards will be enabled from 1st July 2022 through the ICICI channels.


You will receive ongoing communication on this in the next few months



Deal Subedar Deal Subedar
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The problem with payback redemption was huge service charge. I stopped using ICICI card due to that . Hope new reward doesn’t do that

Deal Subedar Deal Subedar
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Finally my call has been answered tada tada tada

Pro Blogger Pro Blogger
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Yeh sab se kiya hota ha rewards points value toh same he hoga. 😀

Pro Blogger Pro Blogger
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tenon09 wrote:

Payback has been purchased by BharatPe so this was surely going to happen.

Koi logic banta ha ish baat ha. 😀

Community Angel Community Angel
Moderator
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Ye shubh kaam karne mein itni der laga di.. triumph smile

Khair, redemption mein Amz GV aane ke kitne chances hain, woh bhi without any fee? wink stuck_out_tongue

Deal Newbie Deal Newbie
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So with ICICI moving out of payback, do they even have a big partnership remaining? What a waste of an acquisition by bharatpe

Deal Subedar Deal Subedar
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saxena_ wrote:

So with ICICI moving out of payback, do they even have a big partnership remaining? What a waste of an acquisition by bharatpe

Isn’t bharatpe itself is a waste?

Hunk Hunk
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deb3l wrote:

Ye shubh kaam karne mein itni der laga di.. triumph smile

Khair, redemption mein Amz GV aane ke kitne chances hain, woh bhi without any fee? wink stuck_out_tongue

Big Bazaar ke demise ke baad ye bhi ho gaya. 🙂🙂🙂 Payback kaa naam big bazaar ke store se hi suna tha. 

Deal Cadet Deal Cadet
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ICICI Bank is launching new Rewards programme starting from Apr 01, 2022.

You will now earn ICICI Bank Reward Points towards spends on your Credit & Debit Cards. You can track your ICICI Bank Reward Points through Internet Banking & the iMobile  Pay app. Redemption of your ICICI Bank Reward Points, accrued from April 2022, shall start from Jul 01, 2022 on our rewards platform, with a  specially customised list of hundreds of premium brands and services offerings.

Until March 2022 (Till your March,2022 Statement/Billing Date), reward points will continue to be credited to PAYBACK Account. Your PAYBACK points can be seamlessly redeemed exclusively from the PAYBACK website (www.payback.in), PAYBACK app and at PAYBACK partners, as per the programme. Their validity remains same – 36 months from date of accrual.

FAQ Page

https://www.icicibank.com/Personal-Banking/rewa...

My key takeouts:

All your points accrued under the new ICICI Rewards Program will be available for redemption from 1st July 2022 via ICICI Bank channels.

You will be able to redeem your ICICI reward points earned on your ICICI Bank Credit Card against the outstanding on your ICICI Bank credit card soon after 1st July 2022.

Let’s wait for more details, reward ratio etc. Personally I didn’t like PAYBACK much because of redemption fees for all and also overall poor reward ratio. Let’s see how is ICICI Rewards Programme structured

Deal Cadet Deal Cadet
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From April can i redeem on Payback site without any charges?

Deal Cadet Deal Cadet
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My key takeouts:

All your points accrued under the new ICICI Rewards Program will be available for redemption from 1st July 2022 via ICICI Bank channels.

You will be able to redeem your ICICI reward points earned on your ICICI Bank Credit Card against the outstanding on your ICICI Bank credit card soon after 1st July 2022.

Let’s wait for more details, reward ratio etc. Personally I didn’t like PAYBACK much because of redemption fees for all and also overall poor reward ratio. Let’s see how is ICICI Rewards Programme structured

Deal Cadet Deal Cadet
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@admin mods

Pls delete. Just saw that @bohemian already posted it. I was late


Edit: Thanks, post merged

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