MakeMyTrip ICICI Credit Card Zero Forex Markup from November 10, 2026

MakeMyTrip says the MakeMyTrip ICICI Bank Credit Card will move from a 0.99% forex markup to zero forex markup on international transactions from November 10, 2026. On the same date, international transactions will stop earning myCash.

The updated product page also says myCash credited to the cardholder's MakeMyTrip account will expire two years after the credit date. This replaces the earlier headline promise that card-earned myCash did not expire for the current card programme.

Confirmed fact: the official MakeMyTrip terms show all three changes. Interpretation: the card becomes cheaper for eligible foreign-currency purchases, but users give up the previous international-spend reward and must now track expiry dates.

MakeMyTrip: MakeMyTrip ICICI Bank Credit Card terms

For a simple illustration, consider a ₹1,00,000 equivalent purchase billed in a foreign currency. A 0.99% markup would be ₹990 before applicable tax. Under the new terms, that issuer markup becomes zero, but the old 1% myCash reward on the international transaction also disappears.

The cash-flow saving is immediate because the markup is not added to the transaction. The lost myCash would have been usable under MakeMyTrip's rules rather than as a statement credit. That difference can make the zero-markup structure easier to understand, especially for a traveller who does not regularly redeem myCash.

This is an illustration, not a promise of the final cost. The card-network exchange rate, merchant pricing, tax on other charges and refund conversion can change the result.

Forex markup normally applies when a foreign-currency transaction is converted into rupees. Dynamic currency conversion, or DCC, is different: a merchant or payment terminal offers to bill the purchase in rupees while you are abroad.

ICICI Bank's current DCC table lists a separate DCC charge for the MakeMyTrip ICICI Bank Travel Credit Card. Because the zero-forex announcement does not clearly remove every DCC cost on the bank page reviewed, do not treat “zero forex” as permission to select INR abroad without checking the displayed conversion and fee.

A practical approach is to ask for billing in the merchant's local currency, reject an optional INR conversion, and keep the receipt. Always compare the amount shown on the terminal before authorising the payment.

ICICI Bank: upcoming credit-card feature and charge changes

The MakeMyTrip product page says myCash credited under the revised programme expires in two years from the credit date. That makes the credit date, not simply the purchase date, important for tracking validity.

Before relying on an expiry date, open the MakeMyTrip account linked to the card and check the balance history. Keep older and newly credited myCash separate if the account displays different validity rules. The public pages reviewed do not provide enough detail to assume how every pre-change balance or a transaction posted around the changeover will be handled.

Manual confirmation is especially important for a transaction made before November 10 but posted later. Save the card statement and the myCash entry, then contact official support if the earning or expiry date looks wrong.

MakeMyTrip: MakeMyTrip ICICI Bank Credit Card product page

The update is presented for the current MakeMyTrip ICICI Bank Credit Card. ICICI Bank also refers to older MakeMyTrip Signature and Platinum cards in some charge tables. Do not transfer the new benefit to another variant only because the card carries both brand names.

Match the full name printed on your card or statement with the latest terms. If the issuer page, email, app or statement shows a different rate, ask ICICI Bank to confirm the applicable terms in writing before a large international purchase.

First, confirm the exact card variant and the November 10 effective date. Second, enable international usage only when needed and set a suitable transaction limit in the official banking channel. Third, pay in local currency abroad unless you have independently verified that a rupee conversion is cheaper.

After the purchase posts, compare the foreign amount, exchange rate and rupee amount on the statement. For myCash earned after the change, note the credit date and the expiry shown in MakeMyTrip. Never share an OTP, PIN or CVV with someone offering to activate the benefit.

From November 10, the current MakeMyTrip ICICI card is scheduled to charge zero forex markup on international transactions, but those transactions will no longer earn myCash. Newly credited myCash gets a 24-month validity. Confirm the exact variant and avoid assuming that zero forex also removes DCC or every overseas-payment cost.