ICICI Bank offers "upto 100 pc cash back" on card transactions

Mumbai, Oct 5 (UNI) ICICI Bank has launched a unique festive season scheme ''Get up to 100 per cent Cash back'' for its valued credit card customers, which is valid for three months from October to December 31.

An ICICI Bank release said the offer can be availed by the existing credit card customers of ICICI Bank on all transactions of Rs 2,000 and above only on ICICI Bank charge slip. Under this scheme, a customer shall get a minimum of one per cent cash back and maximum of 100 per cent cash back on eligible transactions.

The customers are not required to register to participate in the scheme. All they need to do is transact at a merchant establishment with ICICI Bank Electronic Data Capture terminal.

The release quoted the Bank's Country Head (Retail banking) V Vaidyanathan, saying the summation of the six-digit authorisation approval code (AAC) under the scheme in the ICICI Bank credit card charge slip will decide the quantum of the cash back. The sum of these digits can range from a minimum of one (when the AAC is 000001) to a maximum of 54 (when the AAC is 999999).

The cash back will be credited directly to the customers credit card account and will be reflected in their credit card payment statement. However, credit card transactions on the Internet or ICICI Bank-American Express credit cards of Rs 2000 and above will get flat 2 per cent cash back, the release added.

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