ICICI Bank Rubyx Credit Card

The ICICI Bank Rubyx Credit Card is a unique offering in India, being the country’s inaugural dual platinum credit card available in both Visa and Mastercard variants. In essence, it equips cardholders with the convenience of having two credit cards under a single account. With an annual fee of Rs. 2,000, this premium card is particularly tailored to cater to the needs of frequent travelers. It presents an extensive array of advantages meticulously designed to cater to those who indulge in substantial expenditures. Here’s a comprehensive breakdown of all the essential information about this card.

Key Highlights of ICICI Bank Rubyx Credit Card

  • Applicability : Retail and Journey
  • Enrollment Cost : ₹3,000
  • Yearly Charge : ₹2,000
  • Benefits : Upon settling the membership fee, you will be entitled to shopping and travel vouchers valued at over ₹5,000.

Features and Benefits of ICICI Bank Rubyx Credit Card

Features of the ICICI Bank Rubyx Visa Credit Card:

  • Flexible Rewards Plan: The card offers a customizable rewards program known as Hand-picked Rewards. Cardholders can tailor their rewards plan to match their spending patterns and lifestyle needs, with the flexibility to change it every six months.
  • Reward Points: Cardholders earn up to 4 bonus Hand-picked rewards points for every Rs 100 spent, with 4 points for travel, shopping, and essentials, and 2 points for all other transactions.
  • Shopping Category: Supermarkets, grocery stores, departmental stores, retail, fashion, consumer durables, and electronics.
  • Travel: Bookings made through portals, agents, airlines, hotels, and car rentals.
  • Essentials: Grocery, supermarkets, healthcare, wellness, utilities, bill payments, spas, and hospitals.

Benefits of the ICICI Bank Rubyx Visa Credit Card:

  • Joining Benefits: New cardholders receive a complimentary pair of Sennheiser HD219 Headphones as a welcome gift upon paying the joining fees.
  • Joining Fees / Annual Fees: A joining fee of Rs 3000 plus service tax is applicable, and cardholders will pay an annual fee of Rs 2000 plus service tax from the second year, which can be waived if they spend over Rs 2,50,000 the previous year.
  • Secure Transactions: The card features an embedded microchip for protection against duplication and counterfeit, and it requires a PIN for Point of Sale (PoS) transactions. Online transactions are further secured with Verified by Visa (VbV) services.
  • Surcharge Waiver: Cardholders enjoy a 2.5% surcharge waiver on fuel transactions at Indian petrol bunks, up to a maximum of Rs 4000.

ICICI Bank Rubyx Credit Card Fees and Charges

The ICICI Bank Rubyx Credit Card comes with the following fee and charge structure:

Joining Fee Rs. 3,000
Annual Fee Rs. 2,000 (waived if spending exceeds Rs. 3 lakh in the previous year)
Finance Charges Monthly: 3.40%
Annual: 40.80%
Late Payment Fee

For Statement Balances:

  • Below Rs. 100: No Charge
  • Between Rs. 100 and Rs. 500: Rs. 100
  • Between Rs. 501 and Rs. 5,000: Rs. 500
  • Between Rs. 5,001 and Rs. 10,000: Rs. 750
  • Between Rs. 10,001 and Rs. 25,000: Rs. 900
  • Between Rs. 25,001 and Rs. 50,000: Rs. 1,000
  • Above Rs. 50,000: Rs. 1,200

ICICI Bank Rubyx Credit Card Eligibility

In order to be eligible for the ICICI Bank Rubyx Credit Card, you need to fulfill the following criteria:

  • You should be an Indian citizen.
  • For the primary cardholder, the minimum age requirement is 23 years, while for supplementary cardholders, it’s 18 years.
  • You are required to have a minimum monthly income of Rs.50,000. If you are self-employed, your annual income should be at least Rs.5.5 lakhs to qualify.

Documents Required for ICICI Bank Rubyx Credit Card

  • Identity Proof: You can use your PAN card, Aadhaar Card, Passport, Voter’s ID, Driver’s license, or any other officially recognized government photo identification for confirming your identity.
  • Address Proof: To validate your address, you can provide your Aadhaar Card, Passport, Driver’s license, the most recent utility bill, Voter’s ID, or any other government-authorized document indicating your address.
  • Income Proof: To demonstrate your income, you can submit your most recent payslips, Income Tax Return documents, or Form 16.
  • Miscellaneous: Please include a colored photograph of the applicant as part of the application.

How to apply for ICICI Bank Rubyx Credit Card?

ICICI Bank offers multiple convenient methods, both online and offline, for obtaining the ICICI Rubyx Credit Card. If you prefer an in-person application, you can visit your nearest ICICI Bank branch and complete a physical application form. Alternatively, if you opt for an online application, simply follow these straightforward steps:

  • Visit the official ICICI Bank website.
  • Navigate to the “Cards” section on the homepage.
  • Select “Credit Cards” from the Cards menu.
  • Scroll down to locate the Rubyx Credit Card option.
  • Click on “Get Card.”
  • You will be directed to an online application form.
  • Fill in all the necessary details and provide the required documentation to complete the process.

Frequently Asked Questions (FAQs)

1. What is ICICI Bank Rubyx Credit Card?

ICICI Bank Rubyx Credit Card is a premium credit card that offers a combination of lifestyle and travel benefits. It is designed to provide cardholders with rewards, discounts, and exclusive privileges on both domestic and international transactions.

2. How can I apply for ICICI Bank Rubyx Credit Card?

You can apply for the ICICI Bank Rubyx Credit Card online through the official ICICI Bank website. Alternatively, you can visit the nearest ICICI Bank branch to fill out the application form.

3. What are the key features of ICICI Bank Rubyx Credit Card?

The key features include dual benefits with two cards (American Express and Mastercard/Visa), reward points on every transaction, complimentary airport lounge access, fuel surcharge waiver, and exclusive lifestyle offers.

4. What is the reward points system for ICICI Bank Rubyx Credit Card?

Cardholders earn reward points for every transaction made using the Rubyx Credit Card. The points can be redeemed for a variety of options, including merchandise, air miles, and vouchers.

5. Is there an annual fee for ICICI Bank Rubyx Credit Card?

Yes, the Rubyx Credit Card typically comes with an annual fee. However, ICICI Bank may offer waivers or discounts on the annual fee based on spending patterns and promotional offers.

6. How does the airport lounge access benefit work?

ICICI Bank Rubyx Credit Card provides complimentary airport lounge access. Cardholders can enjoy this benefit at select domestic and international lounges. The number of complimentary visits may vary, and it is advisable to check the latest terms and conditions.

7. Is there a foreign currency markup fee for international transactions?

Yes, there is usually a foreign currency markup fee applicable to international transactions made using the ICICI Bank Rubyx Credit Card. It is essential to review the latest fee structure provided by ICICI Bank.

8. Can I convert my purchases into easy monthly installments (EMIs) with this credit card?

Yes, ICICI Bank Rubyx Credit Card offers the option to convert high-value purchases into EMIs with attractive interest rates. The conversion process and terms may vary, so it’s recommended to check with the bank for specific details.

9. How can I check my reward points balance?

Cardholders can check their reward points balance through the ICICI Bank online portal or mobile app. Additionally, the monthly credit card statement provides a summary of the accumulated reward points.

10. What do I do if my ICICI Bank Rubyx Credit Card is lost or stolen?
In case of loss or theft, it is crucial to report it to ICICI Bank immediately by contacting their customer care helpline. The bank will then guide you through the process of blocking the card and issuing a replacement.