MakeMyTrip ICICI Bank Signature Credit Card Review 2026: myCash Rates, Caps, Fees & FAQs
MakeMyTrip ICICI Bank Signature Credit Card charges ₹2,500 joining and no annual fee. myCash rates, the insurance cap, the 2026 changes, fees and FAQs.
The MakeMyTrip Signature earns on a ₹200 block — 4 myCash per ₹200 on hotels, 2 on flights and 1.25 on domestic spends — with a ₹2,500 joining fee and no annual fee.
MakeMyTrip ICICI Bank Signature Credit Card Quick Overview
| **Card type** | Travel co-brand card |
|---|---|
| **Best for** | Regular MakeMyTrip bookers |
| **Joining / renewal fee** | ₹2,500 + GST, same on renewal |
| **Network** | Visa, Mastercard |
| **Base reward rate** | **0.62%** |
| **Top reward rate** | **2.0%** — Hotel bookings on MakeMyTrip |
| **Reward currency** | myCash, valued at ₹1 each |
| **Lounge access** | 2 domestic visits per quarter (8 a year) |
| **Forex markup** | 3.5% |
Reward Structure: How You Earn
myCash is worth ₹1 against MakeMyTrip bookings — flights, hotels, cabs and holidays — and nothing outside them. There is no cash-out.
4 myCash per ₹200 on hotel bookings — 2%. 2 per ₹200 on flight bookings — 1%. 1.25 per ₹200 on domestic spends — about 0.63%.
From 15 January 2026 ICICI stopped paying rewards on fuel and e-wallet loads across its range, and added new fees the same day: 1% on wallet loads of ₹5,000 or more, 2% on skill-based gaming, 1% on transportation above ₹50,000, and ₹3,500 one-time for every new add-on card.
| Spend | Effective rate |
|---|---|
| Hotel bookings on MakeMyTrip | **2.0%** |
| Flight bookings on MakeMyTrip | **1.0%** |
| Everything else | 0.62% |
| Fuel, rent, wallet loads, government, gaming | **0%** |
The caps that actually bind
Headline rates mean little until you know where they stop. These are the limits on this card:
| Cap | Limit |
|---|---|
| Insurance | 1,000 points per year |
Insurance is capped at 1,000 Reward Points per ANNIVERSARY YEAR on the MakeMyTrip cards — ICICI names this card family specifically. That is an annual ceiling where the rest of the ICICI range uses per-cycle ones, which makes it roughly twelve times tighter.
myCash is credited to the MakeMyTrip account, not to the card, so its validity and redemption sit under MakeMyTrip's terms rather than ICICI's.
Milestone Benefits
| Spend | Benefit | Value |
|---|---|---|
| ₹2 lakh a year | 1,100 myCash | ₹1,100 |
| ₹5 lakh a year | 4,000 myCash | ₹4,000 |
Category Restrictions: Where You Won't Earn
- Where you earn nothing: Earns nothing at all: fuel (MCC 1361, 3851, 5172, 5541, 5542, 5555, 5983, 9752 — the Parakram cards are exempt); e-wallet loads (MCC 6540 — the Amazon Pay card is exempt); cash advances; and, on the premium metal cards, government services, rent, tax payments and property management. Both fuel and wallet exclusions took effect on 15 January 2026.
- Point expiry: Reward Points are valid for 36 months from the date of accrual. Points LAPSE ENTIRELY on card cancellation, and a redemption handling fee of ₹99 plus GST applies to each redemption request.
- Redemption fee: ₹99 per redemption.
- Insurance cap: 1,000 Reward Points per ANNIVERSARY YEAR on insurance — not per cycle. ICICI states this cap for the MakeMyTrip card specifically, and an annual ceiling is far tighter than the per-cycle ceilings the rest of the range uses.
Fees and Charges
| Charge | Amount |
|---|---|
| Joining fee | ₹2,500 + GST |
| Renewal fee | ₹2,500 + GST |
| Finance charges | 3.75% per month (45% per annum) on extended credit and cash advances. |
| Interest-free period | Up to 48 days from the date of purchase, only when the previous balance is paid in full. |
| Minimum amount due | 5% of the total amount due, subject to a minimum of ₹100, plus any EMI, fees, charges and over-limit amount. |
| Cash advance fee | 2.5% of the amount withdrawn, subject to a minimum of ₹500. |
| Cash advance interest | 3.75% per month (45% per annum), charged from the date of withdrawal with no interest-free period. |
| Forex markup | 3.5% of the transaction amount. |
| Dynamic currency conversion | 1% of the transaction amount, applied to transactions billed in Indian rupees at international locations or at merchants in India registered abroad. |
| Late payment | Graduated by total amount due: nil up to ₹100; ₹100 for ₹101–₹500; ₹500 for ₹501–₹5,000; ₹750 for ₹5,001–₹10,000; ₹900 for ₹10,001–₹25,000; ₹1,000 for ₹25,001–₹50,000; ₹1,200 above ₹50,000. Revised 15 November 2024. |
| Overlimit | 2.5% of the over-limit amount, subject to a minimum of ₹500. |
| Payment return | 2% of the total amount due, minimum ₹500, for a returned cheque or a failed auto-debit. An additional ₹50 plus GST is debited. |
| Rent payment | 1% of the transaction amount on rent payments (MCC 6513), w.e.f. 15 November 2024. |
| Wallet load | 1% of the transaction amount on wallet loads of ₹5,000 or more (MCC 6540), w.e.f. 15 January 2026. |
| Utility payments | 1% of the transaction amount on utility payments exceeding ₹50,000 (MCC 4899, 4900, 4901, 4814, 4821), w.e.f. 15 November 2024. |
| Education payments | 1% of the transaction amount on education payments made through third-party apps, w.e.f. 15 November 2024. Paying an institution directly is exempt. |
| Fuel transactions | 1% of the transaction amount on fuel transactions exceeding ₹10,000, w.e.f. 15 November 2024. |
| Online skill-based gaming | 2% of the transaction amount on skill-based gaming transactions (MCC 5816), w.e.f. 15 January 2026. |
| Card replacement | ₹100 per replacement card. |
| Add-on card | ₹3,500 one-time for each new add-on card issued on or after 15 January 2026. Add-on cards issued before that date carry no fee. |
| Reward redemption | ₹99 plus GST per redemption request under the ICICI Bank Rewards scheme and for Mine Cash statement-credit redemptions; ₹25 for catalogue-based redemptions. |
| EMI processing | 2.99% of the transaction amount, capped at ₹299 plus 18% GST, on all Instant EMI transactions w.e.f. 1 September 2025. |
| GST | 18% on all fees, interest and charges. |
Is the MakeMyTrip ICICI Bank Signature Credit Card Worth It?
The mainline MakeMyTrip card earns three times as much on hotels — 6% against 2% — for a ₹999 annual fee against ₹2,500 once. Unless the milestone ladder matters to you, the mainline card is the better economics.
The milestones are the Signature's case: 1,100 myCash at ₹2 lakh and 4,000 at ₹5 lakh — ₹5,100 of MakeMyTrip credit for a high spender.
No annual fee makes it cheap to keep once the joining fee is paid.
myCash is worth ₹1 only inside MakeMyTrip, and is credited to the MakeMyTrip account rather than the card.
Milestone and welcome benefits are released only after the fee has actually been paid — a waived fee forfeits them. Rent, government and education spends count toward neither the fee waiver nor the milestones.
Frequently Asked Questions (FAQs)
What are the MakeMyTrip Signature rates? 4 myCash per ₹200 on hotels (2%), 2 per ₹200 on flights (1%) and 1.25 per ₹200 on domestic spends (about 0.63%).
Signature or the mainline MakeMyTrip card? The mainline card for hotel bookings — 6% uncapped against 2% here, for a ₹999 annual fee. The Signature wins only if you will clear its ₹5 lakh milestone.
What are the milestones? 1,100 myCash on ₹2 lakh of spend and 4,000 myCash on ₹5 lakh.
What does it cost? ₹2,500 joining and no annual fee.
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