When you load money into your Amazon Pay wallet using the Amazon Pay ICICI Bank Credit Card, the key additional benefit is cashback on that load amount , treated like a regular Amazon Pay transaction, subject to current card terms and any updated restrictions.

Quick Scoop

In practical terms (when allowed by Amazon/ICICI at that time):

  • You earn around 2% cashback on spends made via Amazon Pay at partner merchants, which can include wallet-funded payments.
  • This cashback is usually credited as Amazon Pay balance, which you can then use for future purchases on Amazon and with Amazon Pay partners.
  • Earlier, users tried loading the wallet and then moving money to bank accounts, effectively converting credit limit to cash with a net effective cost sometimes under 1%, but several such routes have since been patched or restricted.

Important caveats

  • The exact benefit depends on whether Amazon currently treats wallet loading as an eligible “Amazon Pay” transaction for cashback; terms have changed over time and some loopholes have been closed.
  • Fees (like 2% + GST for certain transfers) can partially or fully offset the cashback if you are just trying to rotate funds rather than spend normally.

So, the “additional benefit” most people refer to is: earning Amazon Pay cashback (typically ~2%) on money loaded to the wallet and then used at Amazon Pay merchants , compared to loading by plain debit or UPI where you usually earn nothing extra.