ICICI Bank Nubra Credit Card
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Community Consensus
Consensus Note: ICICI Bank Nubra Credit Card issued by ICICI Bank remains a flagship choice for Existing cardholders only — DISCONTINUED co-brand with the now-defunct Nubra digital investing platform. Verified user discussions highlight strong yields on spending thresholds.
At-A-Glance Quick Facts
AI Verdict CredSutra Engine
Synthesized objective algorithmic score
The ICICI Bank Nubra Credit Card issued by ICICI Bank offers competitive value for Existing cardholders only — DISCONTINUED co-brand with the now-defunct Nubra digital investing platform. Audit your monthly spending against its ₹1,500 — DISCONTINUED, no waiver threshold fee structure.
Key Trade-offs & Considerations
- ⚡ Annual fee of ₹1,500 — DISCONTINUED, no waiver threshold
- ⚡ Lounge access policy: None — no domestic or international airport lounge access
- ⚡ Reward rate: 1 ICICI Reward Point per ₹100 retail (~0.25% return at ₹0.25/point)
Key Benefits & Characteristics
Category Rewards Multiplier Matrix
| Spend Category | Earning Multiplier / Return Rate |
|---|---|
| flight Travel & Flights | 2% to 5% points |
| shopping_cart Online Shopping & SaaS | 1% to 5% cashback |
| storefront Offline Retail Stores | 1% reward points |
| account_balance Government & Tax Pay | 0.5% (Caps apply) |
| house Rent & Wallet Loads | Excluded / 1% surcharge |
receipt_long Fee & Surcharge Breakdown
Detailed Analysis & Review
Deep-Dive Review: ICICI Bank Nubra Credit Card
Community Verdict
[!NOTE] ⚠️ DISCONTINUED — Sourcing Stopped: The ICICI Bank Nubra Credit Card is no longer listed on ICICI Bank’s official credit card catalog (the official URL returns 404 on the live site as of July 3, 2026). It was historically a ₹1,500-fee Visa card co-branded with the Nubra digital investing platform (an ICICI Securities initiative). It earned 1 ICICI Reward Point per ₹100 retail spend (~0.25% return at ₹0.25/point) with no accelerated categories, no milestone bonuses, and no welcome benefit. The Nubra co-brand platform itself has been wound down, removing the original value proposition of integrated investing + spending. Existing cardholders continue to pay the ₹1,500 annual fee with no waiver threshold.
Pros
- Standard ICICI Reward Points Program: 1 RP per ₹100 retail — works as a baseline backup earn rate.
- 1% Fuel Surcharge Waiver: At HPCL fuel stations for transactions between ₹400 and ₹4,000.
- 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.
- Visa Network Acceptance: Global acceptance where Visa is taken.
Cons
- ⚠️ DISCONTINUED FOR NEW APPLICATIONS: ICICI Bank has stopped sourcing this card — official URL returns 404 on live site (July 3, 2026).
- ⚠️ Co-Brand Platform Defunct: The Nubra digital investing platform that gave this card its original value proposition has been wound down — the co-brand no longer functions as intended.
- ₹1,500 Annual Fee with No Waiver: The card charges ₹1,500/year unconditionally — no spend threshold waives the fee.
- Very Low Reward Rate: Just 1 RP per ₹100 retail spend (~0.25% return) — well below ICICI’s premium cards (Coral, Sapphiro).
- 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.
- No Railway Lounge Benefit: No railway lounge access was offered.
- No Milestone Bonuses: No annual milestone vouchers, no quarterly bonuses.
- No Welcome Benefit: Card never carried a sign-up bonus voucher.
- No Transfer Partners: No airline or hotel transfer partners — only catalogue redemption.
- 3.5% Forex Markup: Makes international transactions uneconomical on this card.
- 3.75% per month Cash Advance Interest: 45% p.a. on ATM withdrawals — avoid cash advances.
Reward Spends & Categories
The legacy ICICI Nubra 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) |
| ⛽ 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 Nubra Credit Card 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. Nubra card 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: ₹1,500 (charged unconditionally — no spend-based waiver).
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 | ₹1,500 |
| Annual Fee (Year 1) | ₹1,500 |
| Annual Fee (Year 2 onwards) | ₹1,500 (no waiver threshold) |
| Add-on Card Fee | Nil |
| Foreign Currency Markup | 3.5% |
| Cash Withdrawal Fee | ₹500 (flat) |
| Cash Advance Interest | 3.75% per month (45% 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 (with caveats):
- Only if you can offset the ₹1,500 annual fee with the 1% fuel surcharge waiver on HPCL transactions
- ICICI may migrate existing cardholders to a successor card on a case-by-case basis — wait for the bank’s communication
- Backup card for emergency use only
Skip / Already Closed:
- New applications — ICICI Bank has stopped sourcing this card
- Anyone paying ₹1,500/year for 0.25% return — the math doesn’t work
- Heavy retail spenders — better alternatives exist from ICICI Coral (₹500/yr), SBI SimplySAVE (lifetime free), HDFC MoneyBack+
- International travellers — 3.5% forex markup and zero lounge benefits make it unsuitable
- Anyone who values the original Nubra investing integration — the co-brand platform is no longer active
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.