ICICI Payback Points Transfer Partners: Full List and Value
Updated 22 March 2026
Bottom Line: ICICI Payback points (now rebranded as Zillion) are worth roughly 25–30 paise each at best. Your highest-value redemptions are airline mile transfers to InterMiles and statement credit conversions — catalogue shopping and voucher redemptions consistently deliver the worst value.
What Happened to ICICI Payback Points?
If you’re confused about the branding, you’re not alone. ICICI Bank’s loyalty programme was originally called PAYBACK, run in partnership with the global PAYBACK network. In 2022, the programme rebranded to Zillion. The points work identically — same earn rates, same partners — just a new name and app.
The critical change: since March 2022, you can no longer redeem Zillion (Payback) points through ICICI’s own channels — not through iMobile, not through internet banking, not through the customer care number. All redemptions now happen through the Zillion app, website, or Zillion partner stores.
This matters because many ICICI cardholders still don’t realise their points are sitting in a completely separate ecosystem.
How You Earn Points
Earn rates vary by card. Here’s what the most popular ICICI credit cards give you:
| Card | Earn Rate | Points per Rs 100 Spent |
|---|---|---|
| ICICI Amazon Pay | No Payback — cashback only | N/A |
| ICICI Coral | 2 points per Rs 100 | 2 |
| ICICI Rubyx | 2 points per Rs 100 (4x on dining/grocery) | 2–4 |
| ICICI Sapphiro | 2 points per Rs 100 (4x on dining/travel) | 2–4 |
| ICICI Platinum Chip | 2 points per Rs 100 | 2 |
| ICICI MakeMyTrip | 4 points per Rs 100 (on MMT) | 2–4 |
Note: ICICI’s newer “Hand-picked” rewards programme (on select cards like Emeralde, Sapphiro) runs on a separate points system — those are NOT Payback/Zillion points and cannot be transferred to the same partners.
Full List of Zillion (Payback) Transfer Partners
Here’s every transfer partner available as of March 2026, with transfer ratios and the effective value per point:
Airline & Travel Partners
| Partner | Transfer Ratio | Effective Value per Point |
|---|---|---|
| InterMiles (formerly JetPrivilege) | 1 Zillion point = 1 InterMile | ~25–30 paise |
| MakeMyTrip | Points as payment at checkout | ~20–25 paise |
Retail & Voucher Partners
| Partner | Transfer Ratio | Effective Value per Point |
|---|---|---|
| Flipkart | Points redeemable at checkout | ~20 paise |
| BigBazaar/Reliance Retail | In-store redemption at Zillion partners | ~20 paise |
| Shoppers Stop | In-store POS redemption | ~20–25 paise |
| Croma | In-store POS redemption | ~20 paise |
| Lifestyle | In-store POS redemption | ~20 paise |
| BookMyShow | Voucher redemption | ~20 paise |
| Catalogue (electronics, gifts) | Online catalogue on Zillion | ~15–20 paise |
Other Redemption Options
| Option | Details | Effective Value per Point |
|---|---|---|
| Statement credit | Points converted to statement credit | ~25 paise |
| Fuel surcharge waiver | Automatic on select cards | Varies |
Important: Catalogue-based redemptions attract a Rs 99 processing fee. Online and in-store Zillion partner redemptions carry a Rs 25 fee. These fees eat into your value, especially on smaller redemptions.
Best and Worst Ways to Redeem
Best: InterMiles Transfer
The InterMiles transfer is your strongest option if you fly domestically on Air India or IndiGo (InterMiles partners). At a 1:1 ratio, and with InterMiles valued at roughly 25–30 paise each, this is where your points stretch furthest — especially when InterMiles runs award seat promotions on routes like Mumbai–Delhi or Bengaluru–Goa.
Good: Statement Credit
If you don’t travel enough to justify mile transfers, converting to statement credit gives you a clean 25 paise per point with no mental overhead. No fees, no voucher expiry dates to track.
Worst: Catalogue Redemptions
The electronics and gift catalogue on the Zillion app is consistently overpriced compared to market rates. A blender that costs Rs 2,500 on Amazon might be listed at 12,000 Zillion points — that’s barely 20 paise per point, and you’re paying a Rs 99 fee on top. Avoid this.
The Rs 99 Fee Problem
This is something most guides skip over. Zillion charges:
- Rs 99 for catalogue-based redemptions
- Rs 25 for in-store and online partner redemptions
If you’re redeeming 500 points (worth about Rs 125), that Rs 99 fee wipes out nearly 80% of your value. The practical minimum for catalogue redemptions is around 2,000–3,000 points to make the fee bearable. For partner store redemptions, aim for at least 500 points.
Points Expiry: What You Need to Know
Zillion points expire 24 months from the date of earning if your Zillion account sees no activity. Any earn or redeem transaction resets the clock. If you’re sitting on points you earned two years ago and haven’t touched your Zillion account since, check immediately — they may already be gone.
Hand-picked rewards (the separate system on premium ICICI cards) do not expire as long as you have no overdue payments on any ICICI account.
How to Check Your Balance and Transfer
- Download the Zillion app (formerly PAYBACK India app)
- Link your ICICI credit card if not already linked
- Go to Redeem → select your preferred partner
- For InterMiles: select the InterMiles transfer option, enter your InterMiles membership number, confirm
Transfers to InterMiles typically take 3–5 business days. Partner store redemptions are instant at the POS terminal.
Related Guides on CardTrail
- Best Travel Credit Cards for Indian Flyers — Side-by-side comparison of travel cards across banks
- ICICI vs HDFC Rewards Compared — How ICICI’s Zillion stacks up against HDFC SmartBuy
- Credit Card Rules Every Indian Should Know — RBI guidelines on reward points, expiry, and fees
Frequently Asked Questions
What are ICICI Payback points worth in rupees?
Each Zillion (Payback) point is worth approximately 25 paise (Rs 0.25) at the best redemption options like InterMiles transfers or statement credit. Catalogue redemptions bring this down to 15–20 paise.
Can I still redeem Payback points through ICICI internet banking?
No. Since March 2022, all redemptions happen exclusively through the Zillion app, website, or at Zillion partner stores. ICICI’s own banking channels no longer support Payback/Zillion redemptions.
Do ICICI Payback points expire?
Yes. Zillion points expire after 24 months of account inactivity. Any earning or redemption transaction resets the expiry clock. Check your Zillion app to see your points balance and expiry dates.
Can I transfer ICICI Payback points to InterMiles?
Yes, at a 1:1 ratio. This is available on select ICICI cards through the Zillion app. The transfer takes 3–5 business days, and there’s no fee for the transfer itself.
What is the difference between Payback points and Hand-picked rewards?
They are two separate systems. Payback (Zillion) points go to the Zillion ecosystem and can be transferred to partners like InterMiles. Hand-picked rewards are ICICI’s own programme on premium cards — they’re redeemed through ICICI channels and don’t expire as long as you have no overdue payments.
Is there a fee to redeem Zillion points?
Yes. Catalogue redemptions cost Rs 99 per transaction. In-store and online partner redemptions cost Rs 25 per transaction. InterMiles transfers and statement credits do not carry additional fees.
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