Make my Trip ICICI bank signature credit card review 2023-2024 We will review make my trip and ICICI bank cobranded card that is Make my trip ICICI bank signature card. Let’s see if this card is ideal for you or not.
In this article we discuss the positives and negatives in detail of the make My Trip ICICI Bank signature card. MMT ICICI Bank, signature card is a co–branded card offered by ICICI Bank. In this article we cover the joining and renewal fee of this card along with various benefits and issues with this card.
1) Joining fee –
Make my Trip ICICI bank signature credit card review 2023-2024 The joining fee of this card is RS. 2500 plus taxes. There is no renewal fee for this card. Make my trip holiday voucher full worth Rs.2.500 in welcome benefits after paying joining fee makes your joining fee waive of. Completely MMT black exclusive one year membership is worth Rs.1499 and Rs.1500 my cash is valid for 1 year. My cash reward is stored in the wallet and the value of one of my cash is one rupee.
You can make travel booking on Make my trip from my cash. Make my trip black exclusive membership gets an additional 10% or 15% on select participating hotel bookings.
Get MMT back hotel privileges like Free Room upgrades, early check–ins, hotels specific discounts on food, privileges, parks and much more. MMT back gets my cash worth 0.75 Paisa. Every rupees 100 spends on flights bookings.
My cash for worth Rs.1.5 on all bookings except flights. Up to 100 spends per rupee. Get Rs.20 000 worth holiday voucher which you can redeem with booking value at least Rs.1.5 lakh.
This voucher is valid for 1 year. You also get access to MMT blackfest and MMTblack flight privileges like free meals in airports, free seat selection and discount in airport transfers.
2) Welcome benefits –
Welcome benefits include complimentary airtel international roaming pack and exclusive MMT welcome benefits. Those who take the card from April 2021 to March 2022 will have the benefit of joining my cash validity extended to one and half year.
Welcome benefits value is much higher than the joining fee. Which is good benefits of these cards. MMT back has three tiers preferred, lead and exclusive. The exclusive top is tier.
Which by default gets your card right. But If you spend less than 2 lakh then MMT black membership will be annually down graded in the following year. If your annual spend Rs.1 lakh user and less than Rs.2 lakh you can graded down to MMT black in a tier.
If your annul spend MMT minimum RS.30 thousand but less than Rs.1 lakh You can down graded MMT back preferred tier But annul spend less than RS.30 thousand then your MMT black membership will terminate.
3) Regular rewards –
make my Trip ICICI Bank signature credit card on my cash worth Rs.200 on domestic spends outside MMT and my cash RS.1.5 on every RS.200 on international spends outside MMT. My cash worth RS.2.0 on every RS.200 on flight bookings on MMT. My cash worth Rs.4 on every Rs.200 spends on hotel bookings on MMT.
4) Milestone benefits –
RS.5000 my cash on RS.5 lakhs annual spends and RS.1100 My cash on RS.2.5 lakh annual spends.
5) Airport lounge benefits –
one card lounge visit outside India every year and one spa sessions on Indian airport every year on this card. 2 Domestic airport lounge access per quarter and if you spend RS.5000 on a calendar quarter, you get airport lounge access in the next quarter. One railway lounge access per quarter is available in each quarter.
6) Other benefits –
Other benefits include book my show and inox up to Rs.150 on purchase of minimum 2 tickets per transaction. You can avail this benefit book on my show and Indox Individual maximum 2 times in a month. Let’s consider only MMT spends between the three examples.
1)Consider first case–
Make my Trip ICICI bank signature credit card review 2023-2024 person “A”, consider first year spends with MMT black exclusive membership. This person spends RS.1.5 lakh on MMT Flight bookings and gets RS.1500 my cash through card. My cash through MMT black exclusive membership Rs.1125 and total my cash is Rs.2625.
This person spends Rs.1 lakh on MMT hotel bookings. I get Rs.2000 through my cash through card. Mycash through MMT Black exclusive Rs.1500 and the total my cash Rs.3500.
This person we have assumed that the transaction of value RS.1.5 lakh 1 more than his holiday voucher worth Rs.20,000 was used and total Rs.27225 he got RS.1100 milestone my cash. Total my cash RS.27,225 on Total Rs.2.5 lakh first year spends, which is reward rate 10.9%. which is a good return.
2) Second case–
Person “B” spends MMT RS.1.2 lakh in first year. In this RS.70000 spends on MMT flight bookings. From this I get Rs.700 Mycash. Get MMT Black My exclusive mycash through RS.525. Which is total my cash RS.1225. MMT spends RS.50000 on hotel bookings.
In this he gets Rs.1000 my cash through and Rs.750 Mycash through MMT Black exclusive membership. which is total mycash Rs.1750. Exclusive membership hotel voucher is not used in this case as no transaction in it exceeds RS.1.5 lakh. I will get Rs.2975 my cash on RS.1.5 lakh first year spends.
which is reward rate 2.47%. Person “B” ‘s membership will be downgraded because annul spends on MMT RS. Is less than 2 lakh. Less than RS.2 lakhs. His reward rate will be even lower. person “B” should not use this card at all.
3) case third–
Consider first year spends in case third – person “c” with MMT black exclusive membership in which it is Rs.3.5 lakhs spends on MMT. This Person Spend over 2 lakh flight bookings on MMT on which he gets RS.2000 my cash and RS.1500 my cash through MMT black exclusive. which is total my cash RS.3500.
This person spends RS.1.5 lakh on MMT hotel bookings. On top of that they get Rs.3000 My cash. Rs.2250 Mycash through MMT black exclusive membership.
which is total my cash Rs.5250. We are assuming in this case of Person that he has not done any other transaction whose value is RS.2.5. Is more. Total rupees above 3.5 lakhs spends my total cash RS.9850. which is reward rate of 2.8%. which is not good return.
7) Suggestion –
outside MMT reward rate is very bad. This card should also be used on MMT by people who can spend a minimum of Rs.2 lakh annually. The good thing is that this card meets free and joining and renewal fees are recovered. And there is no renewal fee on this. However, this card should not be taken by general people.