As mentioned it is 50% points on shopping vouchers for redemption.
At http://icicibank.com/ishoplogin, can only use 2X the number of points of the voucher value we’re trying to purchase. So for example, suppose I have 8K points which are worth INR 2000 APay vouchers, if I add ₹2K vouchers to the cart, it can only use 4000 points out of 8K points, and the rest ₹1K we must pay in cash with ICICI credit/debit card. To redeem the full 8K points, must add ₹4K vouchers to the cart and pay ₹2K by card. Plus it charges 99+GST.
In the earlier system ( https://www.rewards.icicibank.com/ ), we could buy straightaway ₹2K voucher with 8000 reward points+99+GST. So this is the trend every bank is moving towards for vouchers. To use RPs, must spend again since only partial redemption is allowed of RPs.
But for flights they are allowing 100% redemption with RPs and for hotels 90
That’s a really great news but some things we might want to look closely are
These returns are mostly ICICI Emerald Private Metal Credit card and all the rewards go down from there as the EPM as its known, is the super premium card of ICICI
There are some terms and conditions for redeeming these rewards, so read it carefully
Enjoy the new program and don’t over spend just to make a few points