In-depth review
Adani One ICICI Bank Platinum Credit Card
The entry card of the Adani One co-brand. It earns 3 Adani Reward Points per ₹100 at ICICI's listed participating merchants — which, on ICICI's own published list, are the shops and restaurants inside Adani-managed airports — and 1 point per ₹100 on everything else. An Adani Reward Point is worth about ₹1, so those are real percentages: 3% and 1%. The ₹750 fee waives at ₹3 lakh and the joining vouchers total ₹3,000. The catch is not the rate — it is that every point is trapped inside one app.
Read the full review →Key features
What this card is built to do — the highlights that actually matter.
Welcome Benefit
~₹3,000 in vouchers, points or cashback in year one — conditional on ₹10,000 of spend within 60 days of card set-up
3 points/₹100 on Travel (~3% value)
3 Adani Reward Points per ₹100 (~3% at ₹1/point) at ICICI's listed participating merchants inside Adani-managed airports
1.5% on International
1.5 Adani Reward Points per ₹100 (~1.5%) on international spends
Airport Lounge Access
2 domestic airport lounge visits per quarter, unlocked by spending ₹75,000 in the previous calendar quarter (primary cardholder)
Annual Fee Waiver
Fee of ₹750 + 18% GST (₹885 all-in)/yr fully waived when you spend ₹3,00,000/year
24x7 Concierge
At Adani-managed airports — 4 porter services a year (2 per ₹1 lakh spent, up to ₹2 lakh), 2 valet and 2 premium car-parking instances on activation, and 2 premium lounge upgrades a quarter
Fuel Surcharge Waiver
1% waiver on fuel transactions, capped at ₹500/month
Movie Ticket Benefit
25% off up to ₹100 on a minimum of 2 BookMyShow tickets, twice a month, gated behind ₹25,000 of spend in the previous quarter (gate w.e.f. 15 Jan 2026)
✈️ TRAVEL BENEFITS
Lounge access, miles, forex rates and travel perks at a glance.
AIRPORT LOUNGE ACCESS
8 visits/yr
Domestic lounges
₹4,000
Estimated annual value
3.5%
Forex markup
3.0%
Travel reward rate
AIRLINE / TRAVEL PARTNERS
- Domestic airport lounge access (8 domestic visits/yr, worth ~₹4,000)
- Miles on: ICICI's participating-merchant list — retail and food outlets inside Adani-managed airports (Mumbai, Ahmedabad, Jaipur, Guwahati
- 3.0% effective return on travel bookings
🎬 ENTERTAINMENT BENEFITS
Movies, OTT subscriptions and entertainment perks.
- 25% off up to ₹100 on a minimum of 2 BookMyShow tickets, twice a month, gated behind ₹25,000 of spend in the previous quarter (gate w.e.f. 15 Jan 2026)
For frequent flyers through Adani-managed airports who will spend inside the terminals, use Adani One for bookings and clear ₹75k/quarter to keep the lounge live. The 1% base is respectable for a ₹750 card, but only if you can actually spend the points.
Full reward structure
What you earn on every rupee, per spend category — as of 11 Oct 2026. Rates assume 1 pt = ₹1.00. How we value points →
| Category | Type | Rate | Monthly cap |
|---|---|---|---|
| Travelonly at ICICI's participating-merchant list — retail and food outlets inside Adani-managed airports (Mumbai, Ahmedabad, Jaipur, Guwahati, Lucknow, Mangaluru, Thiruvananthapuram). ICICI's launch release also names Adani One app bookings and Trainman, which the published merchant list does not. | reward points | 3%3 pts/₹100 × ₹1.00 | — |
| International | reward points | 1.5%1.5 pts/₹100 × ₹1.00 | — |
| Other | reward points | 1%1 pts/₹100 × ₹1.00 | — |
| Insurance | reward points | 0.5%0.5 pts/₹100 × ₹1.00 | — |
| Utility Bills | reward points | 0.5%0.5 pts/₹100 × ₹1.00 | — |
Travel: 3 Adani Reward Points per ₹100 (~3% at ₹1/point) at ICICI's listed participating merchants inside Adani-managed airports · ICICI's participating-merchant list — retail and food outlets inside Adani-managed airports (Mumbai, Ahmedabad, Jaipur, Guwahati, Lucknow, Mangaluru, Thiruvananthapuram). ICICI's launch release also names Adani One app bookings and Trainman, which the published merchant list does not.
International: 1.5 Adani Reward Points per ₹100 (~1.5%) on international spends
Other: 1 Adani Reward Point per ₹100 (~1%) on other domestic spends; fuel, rent, cash, EMI, gambling and wallet loads earn nothing
Insurance: 0.5 Adani Reward Point per ₹100 (~0.5%) on insurance premiums
Utility Bills: 0.5 Adani Reward Point per ₹100 (~0.5%) on utility bill payments, including Adani Electricity
Earns nothing on: Fuel · Rent · Cash Advances · Wallet Loads · EMI Conversions
These spends earn no rewards at all — not a reduced rate, and not the base rate. They are also normally left out of any milestone or fee-waiver calculation.
Fees & charges
The numbers that matter beyond rewards — verify on the issuer site before applying. Fees below are shown inclusive of 18% GST, as of 11 Oct 2026.
| Charge | Amount |
|---|---|
| Annual fee (incl. 18% GST) | ₹885 |
| Joining fee (incl. 18% GST) | ₹885 |
| Finance charge (APR) | 3.75% p.m. |
| Forex markup | 3.5% |
| Fuel surcharge waiver | 1%, cap ₹500 |
Perks & benefits
Estimated annual value beyond rewards — ~₹7,200/yr in total.
2 domestic airport lounge visits per quarter, unlocked by spending ₹75,000 in the previous calendar quarter (primary cardholder)
25% off up to ₹100 on a minimum of 2 BookMyShow tickets, twice a month, gated behind ₹25,000 of spend in the previous quarter (gate w.e.f. 15 Jan 2026)
At Adani-managed airports — 4 porter services a year (2 per ₹1 lakh spent, up to ₹2 lakh), 2 valet and 2 premium car-parking instances on activation, and 2 premium lounge upgrades a quarter
1% fuel surcharge waiver on fuel transactions up to ₹4,000 at any outlet, applied on fuel spends up to ₹50,000 per statement cycle
Should you get it?
- Best for: Frequent flyers through Adani-managed airports, Regular Adani One app bookers who will actually redeem inside the ecosystem
- Mid tier — a solid all-rounder for steady monthly spend.
- Strongest value if you spend heavily on International (1.5% back; 3% only at ICICI's participating-merchant list — retail and food outlets inside Adani-managed airports (Mumbai, Ahmedabad, Jaipur, Guwahati, Lucknow, Mangaluru, Thiruvananthapuram). ICICI's launch release also names Adani One app bookings and Trainman, which the published merchant list does not.).
- Frequent travellers benefit from the included airport lounge access.
Pros & cons
✓ Pros
- 3 Adani Reward Points per ₹100 at Adani-airport merchants — a genuine 3% at ₹1 a point
- 1 point per ₹100 base is respectable for a ₹750 card, and international spend earns 1.5
- ₹3,000 of joining vouchers and a ₹750 fee that waives at ₹3 lakh
- Adani-airport lifestyle perks (porter, valet, premium parking, lounge upgrades)
✕ Cons
- Points redeem only inside the Adani One app — no transfer, no statement credit, no cash-out
- Accrued points are forfeited if the card is closed or not renewed
- The 3-point accelerator applies at merchants inside Adani-managed airports, not to Adani Gas or Adani Electricity bills, which earn the 0.5 utility rate
- Lounge and movie perks are gated behind ₹75,000 and ₹25,000 of quarterly spend
Eligibility & documents
This is the figure for salaried applicants. Where ICICI Bank sets a separate one for the self-employed, its own eligibility page gives it.
Documents required
- 📄PAN card
- 📄Aadhaar / valid address proof
- 📄Latest 3 months bank statement
- 📄Income proof — salary slips (salaried) or ITR (self-employed)
- 📄Recent passport-size photograph
How to redeem rewards
Ways to convert what you earn into real value.
- 🎁Adani One app: flights, hotels, duty-free, cabs, train/bus and parking, with 100% of a booking payable in points. (₹1.00/point)
- 🎁Use the ₹2,000 welcome flight voucher and ₹1,000 hotel voucher toward Adani One bookings
What your ICICI Reward Points are worth
Realistic value per point by redemption route — the difference is what most people leave on the table.
1 RP = ₹0.40 against the statement — ICICI's only published rate
Voucher store; ICICI publishes only an 'up to ₹1' ceiling, never a realised rate
iShop travel; rate is set per card at checkout, so the ₹1 ceiling is not a value
The currency, not the rate. Adani Reward Points redeem only inside the Adani One app — flights, hotels, duty-free, cabs and parking — with no transfer, statement credit or cash-out, and they are forfeited outright if the card is closed. The lounge and movie perks also sit behind ₹75k and ₹25k of quarterly spend.
Frequently asked questions
What is an Adani Reward Point worth?
What earns the accelerated 3 points per ₹100?
What is the joining benefit?
Is there lounge access?
How has the Adani One ICICI Bank Platinum Credit Card changed over time?
Has the Adani One ICICI Bank Platinum Credit Card been devalued recently?
When did the Adani One ICICI Bank Platinum Credit Card's fees last change?
How did the Adani One ICICI Bank Platinum Credit Card change in 2026?
The bottom line
Better than its reputation on the maths and worse than it looks on liquidity. At ₹1 a point the 3-per-₹100 accelerator is a genuine 3% and the base is a genuine 1%, which is competitive for a ₹750 card — but the accelerator is confined to merchants inside Adani-managed airports, and every point redeems only inside the Adani One app. If you never pass through an Adani terminal, you are holding a 1% card whose rewards you may struggle to spend.
How this page was built
Counted from this card’s own record: 5 earn rules, 1 paid only at named merchants, the spends listed as earning nothing and 4 recorded perks. The renewal fee is conditional — it is waived on a published spend target, so the fee you pay depends on what you spend.
Last updated 11 Oct 2026.
Sources & verification
Fees, reward rates, and benefits for the Adani One ICICI Bank Platinum Credit Card are taken from ICICI Bank's official Most Important Terms & Conditions (MITC) and fee schedule — see the card's official page. Last updated 11 Oct 2026. Reviewed by Devchandra Sah. Always confirm current details on the issuer's site before applying. How we research →
Independence. CardAdvisor is an independent editorial publication. We are not affiliated with, endorsed by, sponsored by, or authorised to act for ICICI Bank. All issuer names, product names, and payment-network marks are the property of their respective owners and appear here for identification and comparison only. Card faces shown on this site are our own original illustrations — we do not display or host issuer card artwork or logos.
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Guides and reviews related to this card.
Adani One ICICI Bank Platinum Credit Card
The entry card of the Adani One co-brand. It earns 3 Adani Reward Points per ₹100 at ICICI's listed participating merchants — which, on ICICI's own published list, are the shops and restaurants inside Adani-managed airports — and 1 point per ₹100 on everything else. An Adani Reward Point is worth about ₹1, so those are real percentages: 3% and 1%. The ₹750 fee waives at ₹3 lakh and the joining vouchers total ₹3,000. The catch is not the rate — it is that every point is trapped inside one app.
Adani One ICICI Bank Signature Credit Card
The premium tier of the Adani One co-brand. It earns 7 Adani Reward Points per ₹100 at ICICI's listed participating merchants — the shops and restaurants inside Adani-managed airports — 2 on international spends and 1.5 on everything else. An Adani Reward Point redeems at about ₹1, so ICICI's 'up to 7%' headline is literal and the base is a real 1.5%. Add Pranaam, valet, 16 lounge visits and ₹7,000 of joining vouchers and the ₹5,000 fee is defensible. The catch is that every point is trapped inside one app.
Value timeline
Every real-world change to this card's rewards, fees and benefits we've tracked — newest first, each linked to its source.
Tracking since 2024 · last change Jul 2026
2026
- ▼ LoungeObserved 10 Apr 2026 · Effective 1 Jul 2026
Domestic lounge access gated behind Rs 75,000/quarter spend
Unconditional (2 visits/quarter, no spend requirement)→Requires Rs 75,000 spend in the previous quarter
Unconditional lounge access was the Adani One card's standout differentiator — while most ICICI cards had required Rs 75,000/quarter since the November 2024 restructure, the Adani (and MakeMyTrip) co-brands stayed exempt. That ended on 1 July 2026: the Platinum's 2 domestic lounge visits per quarter now require Rs 75,000 of eligible spend in the previous calendar quarter (rent, education, government, fuel and similar spends are excluded from that total), putting the perk out of reach for lighter spenders.
Verification: ICICI Bank ↗ · Confidence: High
- ▼ BenefitObserved 17 Dec 2025 · Effective 1 Apr 2026
BookMyShow movie benefit becomes spend-gated
Movie discount available unconditionally→Requires Rs 25,000 spend in the previous quarter
Under ICICI's 15 Jan 2026 revision the Platinum's BookMyShow movie offer (25% off up to Rs 100, twice a month) is unlocked — with Apr-Jun 2026 the first gated quarter — only if the cardholder spent at least Rs 25,000 in the preceding calendar quarter — spending in one quarter earns the benefit for the next. It moves the perk from unconditional to spend-gated, part of ICICI's 2026 portfolio devaluation.
Verification: ICICI Bank ↗ · Confidence: High
- ▼ FeeObserved 19 Feb 2026 · Effective 1 Mar 2026
Minimum Amount Due rebuilt as a two-branch formula
5% of the outstanding amount, plus instalments, the over-limit amount, fee GST and any unpaid previous MAD→100% of GST, EMI principal and interest, fees, the over-limit amount and unpaid MAD, plus 5% of retail spends, cash advances and the finance charge — the finance charge taken in full whenever that 5% falls short of it
From the 1 March 2026 statement onwards ICICI stopped deriving the Minimum Amount Due from a single 5%-of-outstanding line and began building it component by component: GST, EMI principal and interest, fees and charges, the over-limit amount and any unpaid previous MAD are all taken at 100%, and 5% is applied to retail spends, cash advances and the finance charge. Where 5% of those three comes to less than the finance charge alone, the whole finance charge is added instead and only retail and cash are taken at 5%. ICICI illustrates both branches itself — a minimum of ₹11,210 on a ₹37,830 total due, and ₹21,620 on a ₹1,15,810 total due where finance charges dominate. Paying the statement in full is unaffected; the minimum rises only for people carrying a balance or taking cash.
Verification: ICICI Bank ↗ · Confidence: High
- ▼ FeeObserved 17 Dec 2025 · Effective 15 Jan 2026
New wallet, gaming and currency-conversion transaction fees
No wallet-load / gaming / DCC surcharge→Wallet-load, gaming and DCC fees added
As part of ICICI's portfolio-wide 2026 fee revision, from 15 January 2026 a 1% fee applies on third-party wallet loads of Rs 5,000 or more, a 2% fee on gaming/skill-gaming platforms, and a dynamic-currency-conversion (DCC) markup on international transactions billed in rupees. These charges are universal across ICICI cards, including the Adani One Platinum.
Verification: CardAdvisor Research · Confidence: High
2025
- ▼ RewardEffective 1 Jan 2025
Cashback on the American Express variant withdrawn
Amex variant carried cashback offers→Cashback offers revoked
The Adani One ICICI cards are issued on more than one network, and the American Express variant originally carried cashback offers. ICICI withdrew those cashback offers effective 1 January 2025; the underlying Adani Reward Points earn and the upfront BookMyShow discount were unaffected, so the impact fell only on cardholders holding the Amex rail.
Verification: ICICI Bank ↗ · Confidence: Reconstructed
Each change links to the issuer's own document — bank T&C, MITC, notice, press release or product page — where one is public. Where the bank published nothing, it's marked CardAdvisor Research and verified against the card's current terms. Independent of the live terms shown above. This timeline is one card's slice of our market-wide change record across every tracked card.
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Source: <a href="https://cardadvisor.in/cards/icici-adani-platinum#value-timeline">Adani One ICICI Bank Platinum Credit Card value timeline</a>, CardAdvisor (CC BY 4.0).
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