How to Redeem ICICI Platinum Chip Credit Card Points — Best Options (2026)
2 redemption options compared. Find the best value for your PAYBACK Points.
Best Redemption Strategy
Redeem via PAYBACK catalog for best value. Low-reward card but lifetime free makes it good for building credit history.
All Redemption Options
PAYBACK Catalog
Best ValueProducts and vouchers via PAYBACK
Value per point: ₹0.25
Cashback
Statement credit
Value per point: ₹0.20
Redemption Portal
Open ICICI Bank Rewards Portal →Understanding Point Value
Earn 2 PAYBACK Points per ₹100 spent. Lifetime free card — no annual fee. Basic entry-level card for first-time users.
Frequently Asked Questions
What is the best way to redeem ICICI Platinum Chip Credit Card points?
Redeem via PAYBACK catalog for best value. Low-reward card but lifetime free makes it good for building credit history.
Can I convert ICICI Platinum Chip Credit Card points to cash?
Yes, cashback redemption is available but typically offers lower value per point compared to other options.
Is there a minimum points requirement to redeem ICICI Platinum Chip Credit Card points?
Minimum redemption requirements vary by option. Check the ICICI Bank rewards portal for specific minimums for each redemption type.
Do ICICI Platinum Chip Credit Card points expire?
PAYBACK Points expire after 2 years from date of earning.