Reward programs historically existed only for credit card holders yet ICICI Bank breaks this convention by offering this service to net banking users. Think again! ICICI Bank enables its net banking customers to access iShop portal features which provides them with benefits. Net banking users of ICICI Bank receive a distinguished set of reward points through their iShop portal although credit cardholders obtain the most benefits. Through iShop the digital platform customers of ICICI Bank can both accrue rewards and use them for shopping and travel purposes offering enhanced convenience within their online banking service.
The iShop portal enables benefits through net banking even for customers who do not possess an ICICI credit card. Therefore those without a credit card can still earn benefits from iShop through their net banking interface.
Users accessing net banking have access to benefits and rewards through iShop.
Net banking users through ICICI can obtain iCash rewards as opposed to credit and debit card users who accumulate reward points since iCash functions similarly to cash back. Here’s how it works:
Through the booking of flight tickets at iShop users can obtain 3% iCash.
Hotels: Earn 6% iCash on hotel reservations.
iShop users accessing shopping vouchers will receive no rewards in the form of iCash.
One major advantage of iCash is that it equals actual financial value (1 iCash = ₹1) and serves as future transaction currency for customers seeking travel expense compensation.
How Can You Redeem iCash?
The ability to earn iCash proves beneficial yet customers need to understand what avenues exist for redeeming this digital currency. Net banking users at ICICI Bank can transform iCash into funds to cover 80 percent of their spending amount subject to paying a net banking balance equivalent to 20 percent of the total.
For example:
You can use an iCash limit of up to ₹4,000 when you purchase a ₹5,000 airline ticket through the ICICI Bank system but you need to complete the payment through net banking with the remaining ₹1,000.
Customers who book hotel rooms worth ₹10,000 can utilize ₹8,000 of their available iCash before paying ₹2,000 through net banking.
Travel booking expenses become more affordable for customers thanks to this adjustable payment system.