credit-card-news/icici-bank-launches-new-platinum-card-rubyx

Credit Card Offers Made Easy

Your Step by Step Credit Card Guide

ICICI Bank launches new platinum card: Rubyx

Written by Blake Teen on January 4, 2012.

ICICI Bank has recently announced the launch of its new platinum credit card targeted at affluent customers. ICICI Bank – Rubyx, the card entitles cardholders to two cards – one serviced by American Express and the other by MasterCard, which is a chip card. However, both the cards are linked to a single card account and the card spends are chronicled in the same statement. Also, they will not attract separate fees.

Reward points

The reward points programme is being projected as the scheme’s unique selling point. The scheme offers you three such programmes to choose from – shopping, travel and essentials. The scheme promises reward points of up to 6 on every 100 spent. In the case of the American Express card, for spends in your chosen category, you will acquire 6 points; while for other purchases, it will be 3. This will be 4 and 2, respectively, in case of the MasterCard credit card.

Perhaps the most interesting part of this programme is that the reward points can be redeemed for cash (1 point is equivalent to 0.25), with the amount being credited to your account. In effect, your spends can also take care of a part of your repayment, even if the amount is small.

Fee structure

If you wish to avail of the credit card, you will have to shell out a joining fee of 5,000. Upon signing up for the card, you will be entitled to five free Jet Airways tickets to travel any place in India. Second year onwards, you will be charged 2,000 annually. However, this renewal fee is waived off if you happen to spend more than 2,50,000 using the cards in the previous year. This apart, like in case of other cards, the other charges include overdue interest, late payment fee, cash transaction fee and so on. The overdue interest amounts to 3.40% per month, which works out to 40.80% on an annual basis.

Upside

Apart from host of reward programmes, the option to redeem the points accumulated for cash is a key benefit, as not many card issuers extend this facility to their customers.

Downside

Go for it only if you are confident of actively monitoring the points accumulated and spending time analysing the best redemption options. Else, paying 5,000 as a one-time fee and 2,000 annually may not seem worthwhile. Besides, the Jet Airways tickets are free to the extent of base fare only and taxes, surcharges and other levies will have to be borne by the cardholders.

Similar Posts:

Share

Post Comment

  • Home
  • Contacts
  • SiteMap
  • Credit Card Offers Made Easy

    Your Step by Step Credit Card Guide

    Credit Card Offers Made Easy

    Your Step by Step Credit Card Guide

    Credit Card Offers Made Easy

    Your Step by Step Credit Card Guide

    Credit Card Offers Made Easy

    Your Step by Step Credit Card Guide

    Subscribe via RSS

    ICICI Bank launches new platinum card: Rubyx

    Written by Blake Teen on January 4, 2012.

    ICICI Bank has recently announced the launch of its new platinum credit card targeted at affluent customers. ICICI Bank – Rubyx, the card entitles cardholders to two cards – one serviced by American Express and the other by MasterCard, which is a chip card. However, both the cards are linked to a single card account and the card spends are chronicled in the same statement. Also, they will not attract separate fees.

    Reward points

    The reward points programme is being projected as the scheme’s unique selling point. The scheme offers you three such programmes to choose from – shopping, travel and essentials. The scheme promises reward points of up to 6 on every 100 spent. In the case of the American Express card, for spends in your chosen category, you will acquire 6 points; while for other purchases, it will be 3. This will be 4 and 2, respectively, in case of the MasterCard credit card.

    Perhaps the most interesting part of this programme is that the reward points can be redeemed for cash (1 point is equivalent to 0.25), with the amount being credited to your account. In effect, your spends can also take care of a part of your repayment, even if the amount is small.

    Fee structure

    If you wish to avail of the credit card, you will have to shell out a joining fee of 5,000. Upon signing up for the card, you will be entitled to five free Jet Airways tickets to travel any place in India. Second year onwards, you will be charged 2,000 annually. However, this renewal fee is waived off if you happen to spend more than 2,50,000 using the cards in the previous year. This apart, like in case of other cards, the other charges include overdue interest, late payment fee, cash transaction fee and so on. The overdue interest amounts to 3.40% per month, which works out to 40.80% on an annual basis.

    Upside

    Apart from host of reward programmes, the option to redeem the points accumulated for cash is a key benefit, as not many card issuers extend this facility to their customers.

    Downside

    Go for it only if you are confident of actively monitoring the points accumulated and spending time analysing the best redemption options. Else, paying 5,000 as a one-time fee and 2,000 annually may not seem worthwhile. Besides, the Jet Airways tickets are free to the extent of base fare only and taxes, surcharges and other levies will have to be borne by the cardholders.

    Similar Posts:

    Share

    Post Comment

    ICICI Bank launches new platinum card: Rubyx

    Written by Blake Teen on January 4, 2012.

    ICICI Bank has recently announced the launch of its new platinum credit card targeted at affluent customers. ICICI Bank – Rubyx, the card entitles cardholders to two cards – one serviced by American Express and the other by MasterCard, which is a chip card. However, both the cards are linked to a single card account and the card spends are chronicled in the same statement. Also, they will not attract separate fees.

    Reward points

    The reward points programme is being projected as the scheme’s unique selling point. The scheme offers you three such programmes to choose from – shopping, travel and essentials. The scheme promises reward points of up to 6 on every 100 spent. In the case of the American Express card, for spends in your chosen category, you will acquire 6 points; while for other purchases, it will be 3. This will be 4 and 2, respectively, in case of the MasterCard credit card.

    Perhaps the most interesting part of this programme is that the reward points can be redeemed for cash (1 point is equivalent to 0.25), with the amount being credited to your account. In effect, your spends can also take care of a part of your repayment, even if the amount is small.

    Fee structure

    If you wish to avail of the credit card, you will have to shell out a joining fee of 5,000. Upon signing up for the card, you will be entitled to five free Jet Airways tickets to travel any place in India. Second year onwards, you will be charged 2,000 annually. However, this renewal fee is waived off if you happen to spend more than 2,50,000 using the cards in the previous year. This apart, like in case of other cards, the other charges include overdue interest, late payment fee, cash transaction fee and so on. The overdue interest amounts to 3.40% per month, which works out to 40.80% on an annual basis.

    Upside

    Apart from host of reward programmes, the option to redeem the points accumulated for cash is a key benefit, as not many card issuers extend this facility to their customers.

    Downside

    Go for it only if you are confident of actively monitoring the points accumulated and spending time analysing the best redemption options. Else, paying 5,000 as a one-time fee and 2,000 annually may not seem worthwhile. Besides, the Jet Airways tickets are free to the extent of base fare only and taxes, surcharges and other levies will have to be borne by the cardholders.

    Similar Posts:

    Share

    Post Comment

    ICICI Bank launches new platinum card: Rubyx

    Written by Blake Teen on January 4, 2012.

    ICICI Bank has recently announced the launch of its new platinum credit card targeted at affluent customers. ICICI Bank – Rubyx, the card entitles cardholders to two cards – one serviced by American Express and the other by MasterCard, which is a chip card. However, both the cards are linked to a single card account and the card spends are chronicled in the same statement. Also, they will not attract separate fees.

    Reward points

    The reward points programme is being projected as the scheme’s unique selling point. The scheme offers you three such programmes to choose from – shopping, travel and essentials. The scheme promises reward points of up to 6 on every 100 spent. In the case of the American Express card, for spends in your chosen category, you will acquire 6 points; while for other purchases, it will be 3. This will be 4 and 2, respectively, in case of the MasterCard credit card.

    Perhaps the most interesting part of this programme is that the reward points can be redeemed for cash (1 point is equivalent to 0.25), with the amount being credited to your account. In effect, your spends can also take care of a part of your repayment, even if the amount is small.

    Fee structure

    If you wish to avail of the credit card, you will have to shell out a joining fee of 5,000. Upon signing up for the card, you will be entitled to five free Jet Airways tickets to travel any place in India. Second year onwards, you will be charged 2,000 annually. However, this renewal fee is waived off if you happen to spend more than 2,50,000 using the cards in the previous year. This apart, like in case of other cards, the other charges include overdue interest, late payment fee, cash transaction fee and so on. The overdue interest amounts to 3.40% per month, which works out to 40.80% on an annual basis.

    Upside

    Apart from host of reward programmes, the option to redeem the points accumulated for cash is a key benefit, as not many card issuers extend this facility to their customers.

    Downside

    Go for it only if you are confident of actively monitoring the points accumulated and spending time analysing the best redemption options. Else, paying 5,000 as a one-time fee and 2,000 annually may not seem worthwhile. Besides, the Jet Airways tickets are free to the extent of base fare only and taxes, surcharges and other levies will have to be borne by the cardholders.

    Similar Posts:

    Share

    Post Comment

    ICICI Bank launches new platinum card: Rubyx

    Written by Blake Teen on January 4, 2012.

    ICICI Bank launches new platinum card: Rubyx

    Written by Blake Teen on January 4, 2012.

    ICICI Bank has recently announced the launch of its new platinum credit card targeted at affluent customers. ICICI Bank – Rubyx, the card entitles cardholders to two cards – one serviced by American Express and the other by MasterCard, which is a chip card. However, both the cards are linked to a single card account and the card spends are chronicled in the same statement. Also, they will not attract separate fees.

    Reward points

    The reward points programme is being projected as the scheme’s unique selling point. The scheme offers you three such programmes to choose from – shopping, travel and essentials. The scheme promises reward points of up to 6 on every 100 spent. In the case of the American Express card, for spends in your chosen category, you will acquire 6 points; while for other purchases, it will be 3. This will be 4 and 2, respectively, in case of the MasterCard credit card.

    Perhaps the most interesting part of this programme is that the reward points can be redeemed for cash (1 point is equivalent to 0.25), with the amount being credited to your account. In effect, your spends can also take care of a part of your repayment, even if the amount is small.

    Fee structure

    If you wish to avail of the credit card, you will have to shell out a joining fee of 5,000. Upon signing up for the card, you will be entitled to five free Jet Airways tickets to travel any place in India. Second year onwards, you will be charged 2,000 annually. However, this renewal fee is waived off if you happen to spend more than 2,50,000 using the cards in the previous year. This apart, like in case of other cards, the other charges include overdue interest, late payment fee, cash transaction fee and so on. The overdue interest amounts to 3.40% per month, which works out to 40.80% on an annual basis.

    Upside

    Apart from host of reward programmes, the option to redeem the points accumulated for cash is a key benefit, as not many card issuers extend this facility to their customers.

    Downside

    Go for it only if you are confident of actively monitoring the points accumulated and spending time analysing the best redemption options. Else, paying 5,000 as a one-time fee and 2,000 annually may not seem worthwhile. Besides, the Jet Airways tickets are free to the extent of base fare only and taxes, surcharges and other levies will have to be borne by the cardholders.

    Similar Posts:

    Share

    ICICI Bank has recently announced the launch of its new platinum credit card targeted at affluent customers. ICICI Bank – Rubyx, the card entitles cardholders to two cards – one serviced by American Express and the other by MasterCard, which is a chip card. However, both the cards are linked to a single card account and the card spends are chronicled in the same statement. Also, they will not attract separate fees.

    Reward points

    The reward points programme is being projected as the scheme’s unique selling point. The scheme offers you three such programmes to choose from – shopping, travel and essentials. The scheme promises reward points of up to 6 on every 100 spent. In the case of the American Express card, for spends in your chosen category, you will acquire 6 points; while for other purchases, it will be 3. This will be 4 and 2, respectively, in case of the MasterCard credit card.

    Perhaps the most interesting part of this programme is that the reward points can be redeemed for cash (1 point is equivalent to 0.25), with the amount being credited to your account. In effect, your spends can also take care of a part of your repayment, even if the amount is small.

    Fee structure

    If you wish to avail of the credit card, you will have to shell out a joining fee of 5,000. Upon signing up for the card, you will be entitled to five free Jet Airways tickets to travel any place in India. Second year onwards, you will be charged 2,000 annually. However, this renewal fee is waived off if you happen to spend more than 2,50,000 using the cards in the previous year. This apart, like in case of other cards, the other charges include overdue interest, late payment fee, cash transaction fee and so on. The overdue interest amounts to 3.40% per month, which works out to 40.80% on an annual basis.

    Upside

    Apart from host of reward programmes, the option to redeem the points accumulated for cash is a key benefit, as not many card issuers extend this facility to their customers.

    Downside

    Go for it only if you are confident of actively monitoring the points accumulated and spending time analysing the best redemption options. Else, paying 5,000 as a one-time fee and 2,000 annually may not seem worthwhile. Besides, the Jet Airways tickets are free to the extent of base fare only and taxes, surcharges and other levies will have to be borne by the cardholders.

    Similar Posts:

  • Citi’s New Reward Credit Card Lineup
  • How to choose the right Credit card with the right Rewards Program
  • Reward Points: Friend or Foe?
  • No Annual Fee Frequent Flyer Credit Cards
  • Gold and Platinum Cards — Do You Really Need One?
  • Share
    Share
    Share

    Tagged as: Icici Bank, New Platinum, Rubyx

    Post Comment

    Post Comment

    Post Comment

    Similar Posts

  • Citi’s New Reward Credit Card Lineup
  • How to choose the right Credit card with the right Rewards Program
  • Reward Points: Friend or Foe?
  • No Annual Fee Frequent Flyer Credit Cards
  • Gold and Platinum Cards — Do You Really Need One?
  • Fidelity Credit Card Review
  • Travel Insurance Analysis: Westpac Gold
  • Archives

  • January 2012
  • December 2011
  • November 2011
  • October 2011
  • September 2011
  • August 2011
  • July 2011
  • June 2011
  • May 2011
  • April 2011
  • March 2011
  • February 2011
  • Popular Posts

  • Don’t Leave Your Wallet in an Unlocked Car
  • Citi Secured Credit Card Review
  • What is the Discover card’s grace period?
  • Why You Shouldn’t Co-Sign
  • Are Credit Cards For Minors a Bad Idea?
  • Catholic Syrian Bank launches support line
  • Best credit card providers named as AMEX and M&S
  • Life After Debt
  • Categories

  • Credit Card News
  • Credit Card Tips
  • Credit Cards Advisor
  • Credit Zone
  • Tag cloud

    Advice from our Experts



    Advice from our Experts





    © All Rights Reserved. Credit Card Offers Made Easy

    Leave a Reply

    Your email address will not be published. Required fields are marked *