Deep-Dive Review: ICICI Bank Cambridge Credit Card

Community Verdict

[!NOTE] ⚠️ DISCONTINUED — Sourcing Stopped: The ICICI Bank Cambridge Credit Card is no longer listed on ICICI Bank’s official credit card catalog (the official URL returns a 404 on the live site as of July 3, 2026). New applications are not accepted. This review covers the legacy benefits for existing cardholders. Historically the card charged a ₹500 + GST joining and annual fee with 1 ICICI Reward Point per ₹100 retail spend (~0.25% return) and 1% fuel surcharge waiver at HPCL pumps (₹400–₹4,000 transactions). It carried no airport lounge access, no milestone bonuses, and no welcome voucher. Existing customers retain the card benefits until ICICI migrates or closes them out.

Pros

• 1% Fuel Surcharge Waiver: 1% waiver at HPCL fuel stations for transactions between ₹400 and ₹4,000.
• Culinary Treats Dining: Legacy access to min 15% off at 2,500+ restaurants across 12 cities (confirm via iMobile app).
• Lifetime-Free Add-on Cards: No fee for supplementary cards on the primary account.
• Fraud Liability Cover: ₹50,000 counterfeit card liability protection.
• Emergency Card Replacement: Available worldwide for existing cardholders.
• Low Joining Fee: ₹500 + GST made it accessible at the time of launch.

Cons

• ⚠️ DISCONTINUED FOR NEW APPLICATIONS: ICICI Bank has stopped sourcing this card — official URL returns 404 on live site (July 3, 2026). Only existing cardholders retain benefits.
• Very Low Reward Rate: Just 1 RP per ₹100 retail spend (~0.25% return at ₹0.25/point) — one of the lowest entry-level earn rates in ICICI’s catalog.
• No Annual Fee Waiver Documented: ₹500 + GST fee applies every year unless individually waived by ICICI relationship manager.
• Reward Redemption Fee: Flat ₹99 + GST charged per Reward Points catalogue request.
• Heavy Exclusion List: Fuel, rent, wallet loads, government payments, and EMI conversions all earn zero Reward Points.
• No Airport Lounge Access: Zero domestic or international lounge visits — pure entry-level benefit structure.
• 3.5% Forex Markup: Makes international transactions uneconomical on this card.
• 45% p.a. Cash Advance Interest: 3.5% per month on ATM withdrawals — avoid cash advances.
• No Milestone Bonuses: No annual milestone vouchers, no quarterly bonuses, no milestone spend tiers.
• No Welcome Benefit: Card never carried a sign-up bonus voucher or reward point credit.
• ICICI Better Alternatives Exist: ICICI Amazon Pay, ICICI Coral, and ICICI Sapphiro offer meaningfully better rewards.

Reward Spends & Categories

The legacy ICICI Cambridge Credit Card earned ICICI Reward Points:

Category Spend	Earning Rate / Reward Points
🛒 All Retail (offline + online)	1 ICICI Reward Point per ₹100 spent (~0.25% return)
🍽️ Dining (Culinary Treats — legacy)	Min 15% off at 2,500+ restaurants across 12 cities
⛽ Fuel Transactions	0% Reward Points (1% surcharge waiver ₹400–₹4,000 at HPCL)
🏛️ Government & Tax Payments	0% (Excluded)
🏠 Rent Payments	0% (Excluded)
💳 Wallet Loads	0% (Excluded)
💳 EMI Conversion	0% (Excluded — points clawed back post-conversion)
💡 Utilities	0% (Excluded)
🛡️ Insurance	0% (Excluded)

Reward Point Redemption Value

ICICI Reward Points on Cambridge redeemed through the Reward Points catalogue (iMobile app / net banking):

• Cash via Statement Credit: 1 RP = ₹0.25 (after ₹99 + GST redemption fee)
• Vouchers / Products via Catalogue: 1 RP = ₹0.25 equivalent value

[!IMPORTANT] Best value is batched redemption (avoid multiple ₹99 fees) for statement credit. Cambridge never supported airline or hotel transfer partners.

Annual Milestones & Welcome Benefit

[!IMPORTANT]

• Welcome Benefit: None — the card never carried a sign-up bonus voucher.
• Annual Milestones: None — no quarterly or annual milestone bonuses.
• Annual Fee Waiver: Not documented in the legacy benefits. The ₹500 + GST fee applied each year unless individually waived by ICICI.

Airport Lounge & Travel Perks

[!IMPORTANT]

• Domestic Airport Lounge: Not included — zero complimentary visits.
• International Airport Lounge: Not included — no Priority Pass membership.
• Railway Lounge: Not included.
• Travel Insurance: None — no air accident, baggage, or flight delay cover.

Fees & Charges — Snapshot

Fee / Charge	Amount
Joining Fee	₹500 + GST
Annual Fee (Year 1)	₹500 + GST
Annual Fee (Year 2 onwards)	₹500 + GST (no documented waiver)
Add-on Card Fee	Nil
Foreign Currency Markup	3.5%
Cash Withdrawal Fee	₹500 (flat)
Cash Advance Interest	3.5% per month (42% p.a.)
Reward Redemption Fee	₹99 + GST per request
Fuel Surcharge	1% (waived ₹400–₹4,000 at HPCL pumps)
Card Replacement Fee	₹100
Duplicate PIN Fee	Nil
Statement Retrieval Fee	Nil

Who Should Keep / Hold This Card?

Keep if you already have it:

• ICICI migrates existing cardholders to a successor card on a case-by-case basis — wait for the bank’s communication
• You can negotiate an annual fee waiver through your ICICI relationship manager
• You use HPCL fuel pumps regularly and benefit from the 1% surcharge waiver

Skip / Already Closed:

• New applications — ICICI Bank has stopped sourcing this card
• Heavy retail spenders — better alternatives like ICICI Coral or ICICI Amazon Pay offer higher rewards
• Anyone needing lounge access — Cambridge never had lounge visits
• International travellers — 3.5% forex markup and zero lounge benefits make it unsuitable

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For official terms, interest rates, and existing-customer servicing, refer to the Bank Reference Page.

For monetization on the side, if you are an existing cardholder, explore active ICICI Bank credit cards via CredSutra — CredSutra earns a referral commission on approved cards at no cost to you.