ICICI Bank Rubyx Credit Card Review

General Information

Our Rating: 9/10

Joining Fee: Rs. 3,000 + GST

Annual Fee: Rs. 2,000 + GST

Best For: Travel

Rewards and Benefits

Type of Rewards: Reward Points

Welcome Offers: Travel & Shopping Vouchers Worth Rs. 5,000

Entertainment and Dining: 25% discount on movie ticket bookings (min 2 per transaction and max 2 tines in a month) on BookMyShow and INOX (max discount capped at Rs. 150), discount on dining bills with the Culinary Treats Program.

Shopping Perks: 4 Reward Points on every international spend of Rs. 100, 2 Reward Points on domestic spends & 1 Reward Point on every Rs. 100 spent on utilities and insurance categories.

Travel Benefits: 2 complimentary railway lounge access per quarter

Domestic Lounge Access: 1 complimentary domestic airport lounge access per quarter (MasterCard variant) and two 2 domestic airport lounge access per quarter on the Visa variant

International Lounge Access: N/A

Golf Benefits: Up to 2 complimentary golf lessons/rounds each month (1 golf round/lesson for every Rs. 50,000 spent in the previous month)

Insurance Coverage: Complimentary insurance covers against air accidents, plane hijacking, lost baggage, delayed baggage, lost card, lost travel documents, credit shield, etc.

Fees and Charges

Waiver on Spend: Renewal Fee is waived off on spending Rs. 3 lakhs or more in an anniversary year.

Redemption Fee: Rs. 99 (plus applicable taxes) per redemption request

Foreign Transaction Fee: 3.5

Interest Rate: 3.40% per month (or 40.8% annually)

Fuel Surcharge Waiver: 1% fuel surcharge is waived off for all fuel transactions up to Rs. 4,000 across all fuel stations in India.

Cash Advance Fee: 2.5% of the amount withdrawn or Rs. 300 (whichever is higher)

Summary

- For every Rs. 100 spent domestically, you will earn 2 Reward Points, and for every Rs. 100 spent internationally, you will earn 4 Reward Points. - You will earn 1 Reward Point for every Rs. 100 spent on utilities and insurance. - As a welcome benefit, you will receive travel and shopping vouchers worth over Rs. 5,000. - When booking a minimum of 2 movie tickets in a single transaction on BookMyShow or Inox, you will receive a 25% discount, up to Rs. 150. This can be availed twice a month, once with each variant. - Through the ICICI Bank Culinary Treats Program, you can enjoy exciting discount offers on dining. - With each MasterCard and American Express variant, you will receive 2 complimentary railway lounge access passes per quarter, totaling to 4 passes. - With the MasterCard and AmEx variants, you can also enjoy 2 complimentary domestic airport lounge access passes per quarter, provided you have spent at least Rs. 5,000 in the previous quarter. - For every Rs. 50,000 spent in the previous month, you will receive 1 complimentary golf lesson/round every month, with a maximum of 2 rounds/lessons. - Exclusive insurance benefits include a personal air accident cover worth Rs. 1 crore and lost card liability protection worth Rs. 50,000. - The i-Assist service is available 24*7 for assistance with hotel reservations, flight/movie ticket bookings, gift delivery, and more. - The renewal fee can be waived based on spends, if you have spent a total of Rs. 3 lakh in the previous year. - Achieving stipulated spends-based milestones will also earn you additional Reward Points.

ICICI Bank Rubyx Credit Card is a great option for frequent travelers, offering a range of benefits and rewards.

With a joining fee of Rs. 3,000 + GST and a renewal fee of Rs. 2,000 + GST, this card provides excellent value for money.

One of the key features of this card is its reward program, which allows cardholders to earn Reward Points for their purchases.

For every international spend of Rs. 100, you will earn 4 Reward Points.

For domestic spends, you earn 2 Reward Points, and for utilities and insurance categories, you earn 1 Reward Point for every Rs. 100 spent.

These Reward Points can be redeemed for a variety of options, including travel and shopping vouchers worth Rs. 5,000.

The welcome benefit of this card is also quite impressive, with Travel & Shopping Vouchers worth Rs. 5,000.

Additionally, you can enjoy a 25% discount on movie ticket bookings on BookMyShow and INOX (up to Rs. 150) and get discounts on dining bills with the Culinary Treats Program.

These benefits make it a great choice for individuals who enjoy entertainment and dining out.

For frequent travelers, this card offers several travel-related benefits.

You can enjoy two complimentary railway lounge accesses per quarter and one complimentary domestic airport lounge access per quarter for the MasterCard variant.

The Visa variant offers two domestic airport lounge accesses per quarter.

Unfortunately, there is no international lounge access available with this card.

Golf enthusiasts will also appreciate the complimentary golf lessons/rounds offered with this card.

You can avail of up to two complimentary lessons or rounds each month, with one golf round/lesson for every Rs. 50,000 spent in the previous month.

In terms of insurance benefits, this card provides coverage against various risks such as air accidents, plane hijacking, lost baggage, delayed baggage, lost card, lost travel documents, and credit shield.

These insurance covers provide peace of mind while traveling.

The renewal fee for this card is waived off if you spend Rs. 3 lakhs or more in an anniversary year, making it easier to continue enjoying the benefits of this card without any additional costs.

While this card offers numerous advantages, there are a few drawbacks to consider.

There is a rewards redemption fee of Rs. 99 (plus applicable taxes) per redemption request.

Additionally, the foreign currency markup is set at 3.5% of the transaction amount.

The interest rate for this card is also relatively high, at 3.40% per month or 40.8% annually.

Despite these drawbacks, the ICICI Bank Rubyx Credit Card is an excellent choice for individuals who travel frequently and want to earn rewards for their purchases.

The range of benefits and rewards provided, along with the waived renewal fee, make it a valuable asset for any cardholder.