A double-whammy of rule updates is coming this February — one affecting how you use your credit card rewards, and the other impacting all property buyers in India.
ICICI Bank Cuts Credit Card Perks (Effective Feb 1, 2026)
ICICI Bank is trimming popular credit card benefits — particularly entertainment ones — starting February 1, 2026.
Movie Perks Gone
Complimentary BookMyShow movie tickets will be discontinued on eligible ICICI Bank credit cards from Feb 1, 2026.
This means:
- BOGO and free movie offers will no longer be available
- Entertainment rewards will be harder to unlock unless reshaped under new spend conditions
What Else Is Changing
While ICICI hasn’t cut all perks, several key adjustments include:
Some reward categories tightened
Benefits like cinema discounts becoming harder to redeem
Spend-linked unlocks becoming more common (e.g., reward points, lifestyle offers)
Who’s affected:
- This impacts multiple retail ICICI credit cards like Coral, Rubyx, Sapphiro, Emeralde and variants — check your specific card terms for exact impact.