ICICI Emeralde cashback rate, cap and annual fee
ICICI Emeralde pays 1% at non-rupee spending, 1% on everything else, 0.25% on government and 0.25% on phone and internet. The card costs INR 12,000 a year.
ICICI Bank · India · catalogue v101
Read from ICICI Bank's own published terms on 19 Sep 2026.
INR 12,000Annual fee
1%Best rate
What it pays, by category
| Spending | Rate | Monthly cap |
|---|---|---|
| non-rupee spendingtravel | 1.00% | —Anything bought in a currency other than the rupee, not only travel. ICICI publishes 4 Reward Points per Rs 100; this is that figure per rupee — again |
| everything else | 1.00% | —Everything else in rupees: 4 Reward Points per Rs 100. |
| government | 0.25% | —Utility bills, on the reduced band ICICI shares with insurance: 1 Reward Point per Rs 100. |
| phone and internet | 0.25% | —Telecom bills, on the same reduced band. |
The top of ICICI's range, and the only one that pays its full rate at home as well as abroad. It also cuts the foreign markup from 3.5% to 2%, which on a card this expensive is most of what the fee buys. 4 Reward Points per Rs 100 abroad, 4 at home, and 1 on utility bills and insurance. The foreign rate is the one to read twice: ICICI charges a 2.0% markup on every non-rupee transaction, and at the 25 paise a Reward Point is worth on the ordinary redemption, 4 points per Rs 100 is 1% — less than the markup, so the card costs more abroad than it pays. Rs Rs 12,000 plus GST a year, waived entirely on Rs 1,000,000 of annual spending. A 1% fuel surcharge waiver applies on transactions up to Rs 4,000. Source: icicibank.com's own page for the card, read 19 Sep 2026.
Questions people ask
What cashback does the ICICI Emeralde pay?
1% at non-rupee spending, 1% on everything else, 0.25% on government and 0.25% on phone and internet.
Is there a cap on the ICICI Emeralde?
No monthly cap is published on the rates shown here.
What is the annual fee on the ICICI Emeralde?
INR 12,000 a year.
Knowing the rate is not the same as remembering it
PayperWIZ holds the cards you actually own and names the right one at the till — after the cap you have already used this month, and after the foreign-currency fee. It works offline and never connects to a bank.
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