ICICI Bank Rubyx Credit Card Against Fixed Deposit Review

ICICI bank is one of the versatile and customer-friendly bank in India which offers various financial products among which credit card is one of the most shouted product,  ICICI Bank Rubyx Credit Card Against Fixed Deposit provides a hassle-free experience to its users. It is a blend of a credit card and a fixed deposit. Let’s go deeper and see what kind of benefits this card offer.

Eligibility Criteria:

  • Resident Type: Indian. 
  • For salaried person:
    • Age: 21 to 60 yrs. 
    • Income: This card can be issued against a fixed deposit account.
  • For self-employed person:
    • Age: 21 to 65 yrs. 
    • Income: This card can be issued against a fixed deposit account.
  • Min F.D amount: ₹75,000. 

Required Documents:

  • Photocopy of ID Proof (any 1)
    • Aadhar card
    • Voter Card
    • Passport
    • PAN Card
  • Photocopy of Address proof (any 1) 
    • Last 6 months bank account Statement
    • Aadhar Card 
    • Driving License 
    • Passport
    • Utility bill
  • One recent passport-sized photographs
  • Proof of income statement:
    • Salaried Person (any 1)
      • Latest salary slip (3 months) 
      • ITR
    • Self-employed person
      • Latest income tax return.  
      • Proof of business
      • Recently audited financial report. 


  • Joining Fee: ₹3,000 + GST
  • Annual Fee: ₹2,000 + GST


  • Welcome benefit:

With the issuance of the card and the payment of the joining fee, you will get a gift voucher of ₹5,000, for Shopping and travel-related uses. 

  • Reward benefit:

With this card, you can earn up to 15,000 PAYBACK Points every year.

You will get 2X rewards on all ₹100 international transactions.

You will get 2 PAYBACK Points on every ₹100 spent in India, except fuel.

1 PAYBACK point = ₹0.25

  • Lounge access: 

If you can spend ₹5000 in a calendar quarter with your card, then you will get 2 complimentary lounge accesses in the next quarter. 

  • Movie benefit:

When you book movie tickets from BookMyShow you will get up to ₹150 discount. You can avail of this benefit two times a month.  

  • Dining benefit:

Under the Culinary Treats program, you will get exciting benefits on your dining bill. You can visit www.icicibank.com/culinarytreats for more details. 

  • Golf access:

With an eligible spend in the previous month, you will get 2 free golf rounds per month. 

  • Fuel surcharge waiver:

This card offers a 1% waiver on fuel surcharges, this offer is applicable at any fuel stations in India. 

  • Insurance coverage:

This card comes with personal air accidental coverage of ₹1crore and baggage insurance coverage of ₹50,000.  

  • Lost card liability coverage:

This card comes with lost card liability coverage of ₹50,000, applicable on 2 days of pre-reporting and 7 days of post-reporting. 

  • Security:

This card comes with the advanced EMV Chip and PIN security, it adds an extra layer of protection to your transactions. 


  • Cash Withdrawal Charge: 2.50% against the transaction amount, min ₹300. 
  • Finance Charge: 3.40% monthly. 
  • Foreign currency transaction: 3.50% against the transaction amount. 

Contact Details:

Call: 1860-120-7777

Mail: You can mail the service authority just by visiting their website here: https://www.icicibank.com/complaints/complaints.page 

100xGain Ratings:


Final Opinion:

For a beginner, this card is very helpful, it offers 2 PAYBACK points on the domestic transaction, 2 free lounge access per quarter, two golf rounds in a month, etc. so if you are a beginner then this card can be an option for you. 

But there are some major drawbacks with this card, that put a black mark on it. First of all the joining and annual fee of this card is way too high and the benefits of this card cannot justify it. Secondly, the lounge and golf benefits offered by this card come with a catch, you have to spend a decent amount with your card to be eligible for them. 

To conclude it can be said that this card is not worth taking you have to pay way more than you get from it. Instead, if you want a credit card against a fixed deposit, you can go for the Axis Bank Insta Easy Credit Card or Kotak Aqua Gold Credit Card, or if you don’t want a credit card against a fixed deposit, you can go for the ICICI Amazon Pay Credit Card.  

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