Verified 5 Aug
Mohanlal Manjhi
Asked 20 Feb 2026
I have accumulated a few thousand reward points on my ICICI Bank Femina Credit Card. What is the actual rupee value when redeemed against statement, and is it better to redeem for flights or merchandise?
Two things nobody tells you: (1) GST is charged on the annual fee, so a ₹1,000 fee becomes ₹1,180. (2) Reward points usually have an expiry of 2-3 years. Set a calendar reminder to redeem before they lapse.
On credit limit increase: most banks auto-review every 6 months. If you use 30-70% of the limit and pay in full, you'll get an automatic increase. Don't call and ask for it explicitly — banks take it as a sign of credit hunger and sometimes lower the limit instead.
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