ICICI MMT Signature vs IndusInd Iconia Amex
Side-by-side comparison across fees, rewards, welcome bonuses, and eligibility.
EXPRESS
ICICI MMT Signature wins 4-3. MakeMyTrip loyalists — co-branded with strong travel benefits. IndusInd Iconia Amex is still the right call if mid-premium amex with annual-fee waiver from year 2..
Side-by-side
| Criterion | ICICI MMT Signature | IndusInd Iconia Amex |
|---|---|---|
| Annual fee | · ₹2,500 | No annual fee |
| Joining fee | ₹2,500 | · ₹3,500 |
| Top reward rate | 6% (travel) | · 5% (shopping) |
| Base reward rate | = 1.5% | = 1.5% |
| Forex markup | 2.5% | · 3.5% |
| Welcome bonus | = ₹2,500 MMT Black holidays voucher | = 4,000 reward points + Yatra voucher |
| Fee waiver threshold | · ₹600,000 / yr | N/A (no fee) |
| Min income | · ₹800,000 | ₹600,000 |
| Min credit score | = 770 | = 770 |
| Editorial rating | 4.4/5 | · 4.2/5 |
Benefits compared
ICICI MMT Signature
- 6% myCash on flight + hotel bookings via MMT
- 3% myCash on dining + grocery
- 1.5% on others
- 4 international + 4 domestic lounge visits/year
- MMT Black membership
IndusInd Iconia Amex
- 10 reward points per ₹100 on weekend dining + grocery
- 4 international + 8 domestic lounge visits/year
- Annual fee waived from year 2 (lifetime)
- 1% fuel surcharge waiver
- Buy-1-get-1 BookMyShow
FAQ
›ICICI MMT Signature vs IndusInd Iconia Amex: which is better?
ICICI MMT Signature wins on more dimensions (4 vs 3). But the right answer depends on your specific spending pattern — see the calculator below.
›Can I get both?
Yes — if your credit profile supports it, holding both is the optimal play. Use ICICI MMT Signature for its best categories, IndusInd Iconia Amex for its best categories. Just watch the combined annual fees against your spend.
›Which one has the better welcome bonus?
ICICI MMT Signature: ₹2,500 MMT Black holidays voucher. IndusInd Iconia Amex: 4,000 reward points + Yatra voucher.