ICICI Amazon Pay Card Devalued (Other Credit Card Options for Rent Payments)

The Amazon Pay ICICI Credit Card, which was popular for its cashback offers and fuel charge waivers, is undergoing a significant devaluation. Starting June 18, 2024, rent payments made with this card will no longer ear

by Sadikaa Updated: 05 Jun, 2024, 09:56 IST
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The Amazon Pay ICICI Credit Card, which was popular for its cashback offers and fuel charge waivers, is undergoing a significant devaluation. Starting June 18, 2024, rent payments made with this card will no longer earn reward points. Previously, users could earn 1% reward points on their rent payments, a substantial benefit given that rent is a major monthly expense for many of us in India. While paying rent with a credit card can be convenient, it’s essential to pay off the dues on time to avoid falling into a debt trap. However, now rent payments carried through with the ICICI Amazon Pay Credit card will no longer have any reward points. They have informed all the ICICI Amazon Pay credit card holders, as per the Reserve Bank of India mandate, of a 30-day notice for changes in credit card terms. Many cards in India have stopped offering reward points on rent payments. So let’s take a look at the changes in Amazon Pay ICICI Credit Card Benefits and other Credit card options for rent payments.

ICICI Amazon Pay Card Devalued (Other Credit Card Options for Rent Payments)

Apart from the loss of reward points on rent payments, the Amazon Pay ICICI Credit Card will also disable the option to pay partially using Amazon Pay Balance for other purchases. This hybrid payment option was previously beneficial for claiming offers on large purchases. Thanks to @MohitSinghRajput for posting about this first!

Best Credit Card Options for Earning Rewards on Rent Payments

Despite the devaluation of the Amazon Pay ICICI Credit Card, other credit cards continue to offer rewards on rent payments:

 

Axis Bank Reserve Credit Card & Burgundy Private Credit Card

Axis Bank is still offering rewards through its Reserve Credit Card and Burgundy Private Credit Card. These cards offer the exclusive EDGE REWARDS program, allowing customers to earn rewards on their rental transactions up to Rs 100,000 per month. Whether it's paying rent for an apartment or leasing a vehicle, Axis Bank provides a lucrative incentive for customers to use their credit cards for these expenses. With the promise of rewards, renters can make the most out of their monthly payments while enjoying the convenience and benefits of Axis Bank's credit card offerings.

Take advantage of Axis Credit card deals and offers to get discounts and cashback. It's not something you want to miss!


Club Vistara IDFC First Credit Card

The Club Vistara IDFC First Credit Card not only provides reward points but also includes milestone benefits specifically tailored for rent payments. What sets it apart is that it effectively offsets the 1%+GST processing fee typically associated with rent payments made through credit cards. By combining rewards and milestone benefits, the Club Vistara IDFC First Credit Card is the best credit card option for earning rewards on rent payments, as it offers a compelling incentive to utilize your card for monthly rental transactions, ensuring that you can make the most of your expenses while enjoying additional perks and privileges tailored to your lifestyle.

Find the latest IDFC First Bank Credit Card Coupons. Now is your time to make great savings on all your expenditures.


IDFC FIRST Bank Credit Card

With IDFC FIRST Bank's Select Credit Card, you can earn 3X reward points on your rent payments, providing an excellent opportunity to accumulate rewards quickly. However, it's important to note that these rewards do not contribute towards the bank's 10X reward program. Despite this limitation, the FIRST Select Credit Card remains an attractive option as the best credit card option for earning rewards on rent payments, offering a dedicated avenue for earning rewards while managing monthly payments.

Looking for the latest Best Credit Card Offers? Well, you've come to the right place! Compare features, get rewards and save on your purchase.


Apart from credit cards, there are also several apps available that help you in getting cashback and rewards for rent payments.


CRED Rent Payment Rewards and Offers

With just three simple steps, you can easily manage your rent payments while unlocking a plethora of benefits. One of the standout advantages of using CRED RentPay is the interest-free credit period it offers, providing you with financial flexibility. Moreover, you have the opportunity to earn lucrative reward points that can be redeemed across a diverse range of brands and categories, enhancing your overall savings.

By leveraging premium credit cards, you stand to gain even more, with rewards ranging from 2-3% cashback on your rent payments. Additionally, every transaction through CRED RentPay earns you valuable CRED coins, further adding to your rewards.

Beyond the immediate perks, utilizing CRED RentPay can also positively impact your credit score, contributing to your financial health in the long run. Experience the convenience, savings, and rewards of CRED RentPay today, and revolutionize the way you manage your rent payments.


Be sure to read: How to do Rent Payment through Credit Card without Charges? [Effectively]


The recent devaluation of the Amazon Pay ICICI Credit Card is part of a larger pattern in which credit card companies are adding processing fees and lowering rewards for rent payments. As a result, it's important to carefully evaluate processing fees and available rewards when searching for the most suitable credit card for rent payments.


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Sadika is a content writer with over three years of experience in Ecommerce, Tech, Finance, Skin care and Beauty, Travel, and Psychology. Her mission is simple: to bring you the best information possible.
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Comrade Comrade
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Never knew that we could do rent payment through apay ICICI card!!!!!
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Comrade Comrade
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Never knew that we could do rent payment through apay ICICI card!!!!!
Deal Cadet Deal Cadet
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Does wallet payments still get 1% rewards right?

Deal Newbie Deal Newbie
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IDFC credit card 1% charges applicable for rent payment
Benevolent Benevolent
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I got approved my Amazon pay ICICI card recently  anyone knows till when we can activate free 3 months prime?? As I already have a prime membership active in another account till July 1st week.

Firestorm Firestorm
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They aren't giving 3 months prime anymore... But i think something called as eazydinner membership which is useless   Screenshot2024-05-27-12-53-44-439com.brave.browser

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Deal Newbie Deal Newbie
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How to pay rent from credit card? Please explain as I have owner bank account number with me.

Deal Newbie Deal Newbie
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Nice
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