In-depth review
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.
Read the full review →Key features
What this card is built to do — the highlights that actually matter.
Welcome Benefit
~₹7,000 in vouchers, points or cashback in year one — conditional on ₹25,000 of spend within 60 days of card set-up
7 points/₹100 on Travel (~7% value)
7 Adani Reward Points per ₹100 (~7% at ₹1/point) at ICICI's listed participating merchants inside Adani-managed airports
2% on International
2 Adani Reward Points per ₹100 (~2%) on international spends
Airport Lounge Access
Up to 16 domestic lounge visits a year (4 per quarter, gated behind ₹75,000/quarter spend since 1 Jul 2026) plus 2 complimentary international visits a year
Annual Fee Waiver
Fee of ₹5,000 + 18% GST (₹5,900 all-in)/yr fully waived when you spend ₹6,00,000/year
24x7 Concierge
At Adani-managed airports — 2 Pranaam meet-and-greet services a year (1 on activation, 1 at ₹3 lakh spend), 4 valet and 4 premium car-parking instances, 8 porter services (2 per ₹1 lakh up to ₹4 lakh) and 4 premium lounge upgrades a quarter
Fuel Surcharge Waiver
1% waiver on fuel transactions, capped at ₹500/month
Movie Ticket Benefit
50% off up to ₹500 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
16 visits/yr
Domestic lounges
✓
International lounges
₹10,000
Estimated annual value
3.5%
Forex markup
7.0%
Travel reward rate
AIRLINE / TRAVEL PARTNERS
- Domestic + international airport lounge access (16 domestic visits/yr, worth ~₹10,000)
- Miles on: ICICI's participating-merchant list — retail and food outlets inside Adani-managed airports (Mumbai, Ahmedabad, Jaipur, Guwahati
- 7.0% effective return on travel bookings
🎬 ENTERTAINMENT BENEFITS
Movies, OTT subscriptions and entertainment perks.
- 50% off up to ₹500 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)
👑 PREMIUM LIFESTYLE BENEFITS
Concierge, golf, hotel membership and high-value perks for premium cardholders.
- 24x7 lifestyle and travel concierge
For frequent flyers through Adani-managed airports who value Pranaam service, valet and heavy lounge access, spend inside the terminals and will clear ₹75k/quarter. The earn rate stands up; the question is only whether you can 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 | 7%7 pts/₹100 × ₹1.00 | — |
| International | reward points | 2%2 pts/₹100 × ₹1.00 | — |
| Other | reward points | 1.5%1.5 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: 7 Adani Reward Points per ₹100 (~7% 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: 2 Adani Reward Points per ₹100 (~2%) on international spends
Other: 1.5 Adani Reward Points per ₹100 (~1.5%) 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) | ₹5,900 |
| Joining fee (incl. 18% GST) | ₹5,900 |
| Finance charge (APR) | 3.75% p.m. |
| Forex markup | 3.5% |
| Fuel surcharge waiver | 1%, cap ₹500 |
Perks & benefits
Estimated annual value beyond rewards — ~₹19,500/yr in total.
Up to 16 domestic lounge visits a year (4 per quarter, gated behind ₹75,000/quarter spend since 1 Jul 2026) plus 2 complimentary international visits a year
At Adani-managed airports — 2 Pranaam meet-and-greet services a year (1 on activation, 1 at ₹3 lakh spend), 4 valet and 4 premium car-parking instances, 8 porter services (2 per ₹1 lakh up to ₹4 lakh) and 4 premium lounge upgrades a quarter
50% off up to ₹500 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)
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, Premium spenders whose travel routes through the Adani ecosystem
- Premium tier — a solid all-rounder for steady monthly spend.
- Strongest value if you spend heavily on International (2% back; 7% 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
- 7 Adani Reward Points per ₹100 at Adani-airport merchants — a genuine 7% at ₹1 a point
- 1.5 points per ₹100 base and 2 on international spends, both real percentages
- Pranaam service, valet parking and up to 16 domestic lounge visits a year
- ₹7,000 of joining vouchers (₹5,000 flight plus ₹2,000 hotel)
✕ 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 7-point accelerator applies at merchants inside Adani-managed airports, not to Adani Gas or Adani Electricity bills, which earn the 0.5 utility rate
- Taking the ₹6 lakh fee waiver cancels that year's joining vouchers
- Lounge and movie perks 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, parking and holidays, with 100% of a booking payable in points. (₹1.00/point)
- 🎁Use the ₹5,000 welcome flight voucher and ₹2,000 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 points are a closed loop. They redeem only inside the Adani One app, cannot be transferred or cashed out, and are forfeited entirely if the card lapses or is closed — so a ₹5,000 fee buys a rate you may not be able to spend. The lounge gate (₹75k/quarter) and the fact that taking the fee waiver cancels the joining vouchers both cut the same way.
Frequently asked questions
What is an Adani Reward Point worth?
What earns the accelerated 7 points per ₹100?
What is the joining benefit?
How much lounge access do I get?
What is Pranaam service?
How has the Adani One ICICI Bank Signature Credit Card changed over time?
Has the Adani One ICICI Bank Signature Credit Card been devalued recently?
When did the Adani One ICICI Bank Signature Credit Card's fees last change?
How did the Adani One ICICI Bank Signature Credit Card change in 2026?
The bottom line
Much stronger on the maths than its reputation suggests. At ₹1 a point, 7 per ₹100 at Adani-airport merchants is a genuine 7% and the 1.5 base is a genuine 1.5% — competitive with any premium card — and the Pranaam, valet and 16 lounge visits are real. The problem is the currency, not the rate. Points redeem only inside Adani One and vanish if you close the card, so this only works for someone whose travel actually routes through Adani terminals.
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 Signature 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 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.
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.
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
Airport lounge access gated behind ₹75,000/quarter spend
Complimentary, no spend requirement (4 domestic visits/quarter)→₹75,000/quarter spend required
The Adani One co-brands sat outside ICICI's November 2024 Gemstone lounge-gate and kept unconditional lounge access through 2025. From 1 July 2026 ICICI brought the co-branded cards — the Adani One Signature and Platinum and the MakeMyTrip card — under the same rule: the up-to-16 domestic lounge visits a year now require ₹75,000 of eligible spend in the previous quarter (rent, education, government, fees, EMIs and redemptions excluded). It turned the card's marquee travel perk from unconditional into spend-gated.
Verification: CardAdvisor Research · Confidence: High
- ▼ BenefitObserved 17 Dec 2025 · Effective 1 Apr 2026
BookMyShow movie benefit becomes spend-gated
Complimentary buy-one-get movie offer, twice a month→Requires ₹25,000 spend in the previous quarter
Under ICICI's 15 Jan 2026 revision (first gated quarter Apr-Jun 2026) the Signature's BookMyShow movie offer — 50% off up to ₹500 on a minimum of two tickets — is unlocked only if the cardholder spent at least ₹25,000 in the preceding spends quarter (for example, ₹25,000 spent 26 Mar–25 Jun 2026 unlocks the offer for 1 Jul–30 Sep 2026). One offer per month per network variant. It moved a previously unconditional perk behind a quarterly spend gate.
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 DCC transaction fees
No wallet-load / gaming / DCC surcharge→Wallet-load, gaming and ~1% dynamic-currency-conversion fees apply
As part of ICICI's portfolio-wide January 2026 revision, new transaction fees were added across ICICI credit cards, the Adani One Signature included — a fee on wallet loads and gaming/online-gaming spends, and a dynamic-currency-conversion (DCC) fee of about 1% on international transactions billed in rupees. These are card-fee changes, separate from the Adani Reward Points earn structure.
Verification: CardAdvisor Research · Confidence: Reconstructed
2024
- ◆ LaunchEffective 3 Jun 2024
Adani One ICICI Signature Credit Card launched
Adani One, ICICI Bank and Visa launched India's first credit cards with airport-linked benefits on 3 June 2024, in two variants — the premium Signature (₹5,000 fee) and the Platinum. The Signature earns up to 7 Adani Reward Points per ₹100 across the Adani ecosystem (Adani airports, Trainman, Adani Gas and Electricity, the Adani One app), redeemable inside Adani One, and ships with a genuine premium travel kit: a ₹5,000 flight voucher welcome, 2 Pranaam meet-and-greet services, valet and premium parking, up to 16 domestic lounge visits a year (4 a quarter, then unconditional) plus 2 international, and a BookMyShow buy-one-get offer.
Verification: ICICI Bank ↗ · Confidence: High
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-signature#value-timeline">Adani One ICICI Bank Signature Credit Card value timeline</a>, CardAdvisor (CC BY 4.0).
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