Spend Rs 10,000 first: ICICI Financial institution updates debit card lounge entry rule | private finance

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ICICI Financial institution has launched a brand new requirement for complimentary home airport lounge entry for its debit cardholders, efficient from October 2024.


Key Change:

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Spending Requirement: Cardholders should spend a minimal of Rs. 10,000 within the previous calendar quarter to qualify for complimentary lounge entry within the subsequent quarter. Which means your spending habits in a single quarter will decide your eligibility for lounge entry within the subsequent.


Instance:

To take pleasure in complimentary lounge entry in October-November-December 2024, it’s essential to have spent no less than Rs. 10,000 in July-August-September 2024.

This new coverage is a part of ICICI Financial institution’s technique to encourage extra lively use of its debit playing cards and ensures that solely common spenders can avail of the lounge profit. Not all transactions will depend in the direction of this Rs 10,000 spending threshold. In accordance with ICICI Financial institution’s pointers:


Eligible Transactions: E-commerce purchases and Level of Sale (POS) transactions made at shops will probably be counted.


Ineligible Transactions: ATM transactions, money withdrawals, and every other non-purchase transactions won’t be included.

This distinction implies that cardholders might want to use their debit playing cards for procuring, eating, journey bookings, and different related bills to succeed in the spending restrict.


Methods to Entry Supplementary Airport Lounges

Current Your Card: On the lounge entrance, present your legitimate, unexpired ICICI Financial institution debit card that meets the eligibility standards.

Present Your Ticket: It’s essential to current a sound air ticket or boarding move for journey on the identical or the following day to be granted entry.


This is a breakdown of how this works:

  • October-December 2024 Quarter: Eligibility is determined by having spent Rs 10,000 between July-September 2024.
  • January-March 2025 Quarter: Eligibility is determined by spending Rs 10,000 between October-December 2024.
  • This rolling system ensures that solely lively card customers who incessantly use their debit playing cards for purchases can benefit from the complimentary lounge entry.


Who’s impacted by this modification?

This up to date coverage applies particularly to chose ICICI Financial institution debit card variants. You probably have any of the next playing cards, these new guidelines will probably be related to you:

ICICI Financial institution Coral Paywave Debit Card

ICICI Financial institution Expressions Enterprise MasterCard Debit Card

ICICI Financial institution Rupay Coral Debit Card

ICICI Financial institution Expressions MasterCard Debit Card

ICICI Financial institution Coral Enterprise MasterCard

ICICI Financial institution Expressions Paywave Debit Card

ICICI Financial institution Coral Enterprise Debit Card

ICICI Financial institution Expressions Enterprise Debit Card

ICICI Financial institution Coral MasterCard

ICICI Financial institution Paywave Expressions Debit Card

ICICI Financial institution Coral Paywave Enterprise Debit Card

ICICI Financial institution Expressions Coral Enterprise MasterCard Debit Card

ICICI Financial institution Coral Chip Debit Card

ICICI Financial institution Expressions Coral MasterCard Debit Card

ICICI Financial institution Rubyx Debit Card

ICICI Financial institution Expressions Enterprise Coral Debit Card

ICICI Financial institution Rupay Rubyx Debit Card

ICICI Financial institution Expressions Coral Debit Card

ICICI Financial institution Rubyx MasterCard Debit Card

First Revealed: Oct 02 2024 | 10:06 am ist

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