Introduction
Choosing the right credit card can feel overwhelming, especially with so many options offering attractive cashback and perks. If you're comparing Amazon Pay ICICI vs SBI Cashback, this guide is here to make your decision easier. Whether youโre a frequent Amazon shopper or someone who shops broadly online, each of these cards offers unique benefits. This post will help beginners understand the differences in fees, eligibility, rewards, and more so you can decide which card suits your lifestyle best.
| Key Feature | Amazon Pay ICICI Credit Card | SBI Cashback Credit Card |
| Annual Fee | โน0 โ Lifetime free | โน999 per year (waived on โน2L annual spend) |
| Cashback on Amazon | 5% (Prime members), 3% (non-Prime) | Standard cashback, not Amazon-specific |
| Cashback on Online Spending | Up to 2% on partner brands | 5% on most online purchases (capped) |
| Cashback on Additional Purchases | 1% on every other qualified transactions | 1% on in-store purchases |
| Fuel Surcharge Waiver | 1% on fuel expenses between โน400โโน4,000 | 1% waiver (minimum โน100/month) |
| Welcome/Extra Benefits | Free Prime + Amazon gift vouchers | No welcome gifts or bonuses |
| Cashback Redemption | Auto-credited to Amazon Pay wallet | Adjusted directly in billing statement |
Fees and Charges
Amazon Pay ICICI Credit Card
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- No joining fee or annual fee (lifetime free).
- 3.5% foreign currency markup for international transactions.
- Standard late payment and interest charges apply (approx. 42% p.a. if not paid in full).
SBI Cashback Credit Card
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- โน999 annual fee; waived if total spending in a year crosses โน2,00,000.
- 3.5% foreign currency markup.
- Interest charges of about 3.5% per month (42% annually) on unpaid balances.
Eligibility Criteria
Amazon Pay ICICI
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- Applicants should be 18โ60 years old.
- The minimum income requirement for existing ICICI customers is 25,000/month, and for new ICICI customers it is 35,000/month.
- Good credit score (CIBIL โฅ 750) recommended for approval.
SBI Cashback
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- Age: 21โ70 years.
- Minimum income requirement around โน30,000/month.
- The likelihood of approval is increased with aย CIBIL score of 700 orย above.
Milestone Benefit Comparison
Amazon Pay ICICI
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- For qualified eligible users, a freeย Amazon Primeย membership is complimentary.
- Welcome rewards include Amazon gift vouchers ranging from โน1,000โ2,500.
- No minimum spend condition for benefits.
SBI Cashback
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- No milestone rewards like vouchers or subscriptions.
- If you spend โน2,00,000 in a card anniversary year, you will get annual fee waiver.
- No additional rewards for spending beyond cashback.
Rewards, Cashback & Redemption
Amazon Pay ICICI
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- 5% cashback on Amazon purchases by Prime members.
- 3% cashback on Amazon for non-Prime users.
- Receiveย 2% cashbackย from Amazon Pay partner dealers.
- 1% cashback on all other purchases.
- Cashback credited as Amazon Pay balanceโusable across Amazon and partnered services.
SBI Cashback
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- 5% cashback on all online transactions (excluding wallet loads, rent, etc.).
- 1% cashback on offline spending.
- Maximum cashback limit: โน5,000 per statement cycle.
- Cashback is automatically adjusted in your card statement (no manual redemption).
Lifestyle Benefits and Perks
Amazon Pay ICICI
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- No-cost EMI options available on select Amazon purchases.
- A 15% discount is available at restaurants under the ICICI Culinary Treats program.
- 1% fuel surcharge exemption on transactions โน400 to โน4,000.
SBI Cashback
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- Accepted globally with Visa platform benefits.
- Contactless payment enabled for quick transactions.
- 1% fuelย tax exemption, capped at โน100,ย onย monthlyย fuelย expenses of betweenย โน500ย andย โน3,000.
Which Card is Better for You?
Choose Amazon Pay ICICI if:
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- You regularly shop on Amazon and are a Prime member.
- You prefer a lifetime-free card with no annual fee obligations.
- You like to redeem cashback through Amazon Pay for additional savings.
Choose SBI Cashback if:
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- Your online shopping spans across different platforms (Flipkart, Myntra, travel sites).
- You can reach โน2 lakh in yearly spending to waive the fee.
- You want cashback directly adjusted in your statement rather than a wallet.
Final Thoughts and Recommendation
Both cards offer excellent value but cater to slightly different user profiles. The Amazon Pay ICICI Credit Card is tailored for Amazon loyalists and offers consistent rewards without any cost. On the other hand, the SBI Cashback Credit Card is better for those who want straightforward cashback on all online purchases across categories.
Recommendation:
- Go with Amazon Pay ICICI if your main purchases are Amazon-related and you prefer a free card with exclusive Prime benefits.
- Opt for SBI Cashback if youโre a high online spender across various sites and can maximize the 5% cashback up to the monthly limit.
