ICICI Bank Platinum Chip Credit Card

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ICICI Bank’s Platinum Credit Card is one of the oldest Lifetime Free credit cards in India. It is very basic reward point based credit card which comes with low reward rate. However, ICICI Bank’s instant discount offers on online and offline stores are very frequently seen. To take advantage on these offers, ICICI Platinum Credit Card is the best option as its lifetime free. This card can be used during such instant discount offers of ICICI Bank, as and when required. Since its lifetime free credit card, you do not need to worry about renewal fee or meeting any renewal fee waiver criteria. Since, the other popular lifetime free credit card of ICICI Bank i.e. Amazon Pay ICICI Bank Credit Card does not give 10% instant discount during sale offers, ICICI Platinum Credit Card become even more useful credit card to have.

Features and Benefits

Features and benefits available in this credit card

Cashback
Reward Points
Airmiles
Airport Lounge
Utility Bills
Insurance
NPS
Education
Government Payment
Fuel
Rent
Giftcards
Jewellery
Wallet Load
Rewards on EMI
Welcome Bonus
Travel
Dining
Shopping
Interest

Joining & Renewal Benefits

Joining Benefits

  • No Joining Benefits

Renewal Benefits

  • No Renewal Benefits

Cashback and Rewards

  • Base Rewards
    • Earn 2 Reward Points on every Rs 100 spent for all retail purchases except fuel.
    • 1 Reward Point on every Rs 100 spent on utilities and insurance categories
    • Redeem reward points on products on ICICI Bank Rewards platform. 1 Reward Points = Rs.0.41 on Redeeming on Amazon Pay Giftcard
  • Accelarated Rewards: For Accelarated Reward , book flights, hotels, bus tickets and purchase gift-cards of popular brands from ICICI Bank’s iShot portal: https://www.icicibank.com/ishop
    • Reward Rate of Hotels through iShop: 3%
    • Reward Rate of Flight through iShop: 3%
    • Reward Rate of Other Spend (gift cards etc.) through iShop: 0.75%
  • Actual reward point value may change as gift-cards redemption value in the ICICI bank’s reward catalogue is updated time to time.
  • This credit card is eligible for instant discount offers of ICICI Bank which come frequently on online and offline stores.

Fuel Surcharge Waiver

1% Fuel Surcharge waiver on fuel transactions worth Rs.400 – Rs.4,000 at HPCL Fuel Stations

Forex Mark-up Fee

3.5% plus GST (4.13% including GST)

Joining & Renewal Benefits

Joining Benefits

  • No Joining Benefits

Renewal Benefits

  • No Renewal Benefits

Cashback and Rewards

  • Base Rewards
    • Earn 2 Reward Points on every Rs 100 spent for all retail purchases except fuel.
    • 1 Reward Point on every Rs 100 spent on utilities and insurance categories
    • Redeem reward points on products on ICICI Bank Rewards platform. 1 Reward Points = Rs.0.41 on Redeeming on Amazon Pay Giftcard
  • Accelarated Rewards: For Accelarated Reward , book flights, hotels, bus tickets and purchase gift-cards of popular brands from ICICI Bank’s iShot portal: https://www.icicibank.com/ishop
    • Reward Rate of Hotels through iShop: 3%
    • Reward Rate of Flight through iShop: 3%
    • Reward Rate of Other Spend (gift cards etc.) through iShop: 0.75%
  • Actual reward point value may change as gift-cards redemption value in the ICICI bank’s reward catalogue is updated time to time.
  • This credit card is eligible for instant discount offers of ICICI Bank which come frequently on online and offline stores.

Fuel Surcharge Waiver

1% Fuel Surcharge waiver on fuel transactions worth Rs.400 – Rs.4,000 at HPCL Fuel Stations

Forex Mark-up Fee

3.5% plus GST (4.13% including GST)

Reward Redemption

  • Redemption of Reward Points on products available on ICICI Rewards Catalogue. Limited overpriced products.
  • Checkout the ICICI Rewards Portal. Here is the link: https://bit.ly/ICICIRewards
  • Amazon Gift card available to redeem reward points. 1 Reward Point = Rs.0.42 if redeemed on Amazon Giftcards.

Fee and Charges

Think of these as small investments to keep your credit card running smoothly.

Joining fee
(INR including GST)
₹ 0
Renewal fee
(INR including GST)
₹ 0
Annual Spend Target
for Renewal Fee Waiver (INR)
₹ 0

Pros

Aspects that make this credit card amazing.

  • Lifetime Free
  • It can be used on ICIC Banks’s Instant Discount Offers. ICICI Bank’s Instant Discount Offers are very frequent.

Cons

Aspects this credit card lacks.

  • Very low reward rate. Practically no other useful benefit except instant discount offers.

Spend Categories with No Cashback / Rewards

  • Fuel

Add-on Cards

  • Upto 3 Add-on Credit Cards (also known as Plus Card) can be applied
  • Add-on Card Fee: Rs.235 including GST
  • Eligible Family Members: Mother, Father, Spouse, Bother, Sister, Son, Daughter, Father-in-Law, Mother-in-Law, Bother-in-Law, Sister-in-Law
  • Minimum Age: 12 years and above with valid PAN Card and Aadhar Card can apply

Eligibility Criteria

  • Age: 21 to 65 years
  • Income: Rs.20,000 per month net-in-hand salary (or an ITR of Rs.2.4 Lacs for previous year)
  • CIBIL Score: 700+

Upcoming Changes

N/A

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Rating & Leave your comment here about this credit card

(3/5)

SpendWisely’s Rating for this Credit Card

(3/5)

Ratings you can trust: honest, unbiased, and backed by SpendWisely’s expertise.

Reward Value
(2)
Lifestyle Benefits
(1)
Ease of Reward Redemption
(3)
Value for Money
(5)
Customer Service
(4)

ICIC Bank Platinum Credit Card is a very basic credit card with very low reward rate. However, it is still a must-have credit card as this is lifetime free credit card and can be used on instant discount offers of ICICI Bank. The instant discount offers of ICICI Bank are very frequent.

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(4/5)
Cashback
Reward Points
Airmiles
Airport Lounge
Joining fee
(INR including GST)
₹ 589
Renewal fee
(INR including GST)
₹ 0
Base Reward Rate
0%
Accelerated Reward Rate
10%
(4/5)
Cashback
Reward Points
Airmiles
Airport Lounge
Additional Details...
Joining fee
(INR including GST)
₹ 589
Renewal fee
(INR including GST)
₹ 0
Base Reward Rate
0%
Accelerated Reward Rate
10%
Full Details
(4.6/5)
Cashback
Reward Points
Airmiles
Airport Lounge
Joining fee
(INR including GST)
₹ Nil
Renewal fee
(INR including GST)
₹ Nil
Base Reward Rate
2%
Accelerated Reward Rate
4%
(4.6/5)
Cashback
Reward Points
Airmiles
Airport Lounge
Additional Details...
Joining fee
(INR including GST)
₹ Nil
Renewal fee
(INR including GST)
₹ Nil
Base Reward Rate
2%
Accelerated Reward Rate
4%
Full Details
(2.6/5)
Cashback
Reward Points
Airmiles
Airport Lounge
Joining fee
(INR including GST)
₹ 295
Renewal fee
(INR including GST)
₹ 295
Base Reward Rate
0.1%
Accelerated Reward Rate
0.1%
(2.6/5)
Cashback
Reward Points
Airmiles
Airport Lounge
Additional Details...
Joining fee
(INR including GST)
₹ 295
Renewal fee
(INR including GST)
₹ 295
Base Reward Rate
0.1%
Accelerated Reward Rate
0.1%
Full Details
(1.6/5)
Cashback
Reward Points
Airmiles
Airport Lounge
Joining fee
(INR including GST)
₹ 590
Renewal fee
(INR including GST)
₹ 590
Base Reward Rate
0.25%
Accelerated Reward Rate
2.5%
(1.6/5)
Cashback
Reward Points
Airmiles
Airport Lounge
Additional Details...
Joining fee
(INR including GST)
₹ 590
Renewal fee
(INR including GST)
₹ 590
Base Reward Rate
0.25%
Accelerated Reward Rate
2.5%
Full Details
(4.6/5)
Cashback
Reward Points
Airmiles
Airport Lounge
Joining fee
(INR including GST)
₹ Nil
Renewal fee
(INR including GST)
₹ Nil
Base Reward Rate
1.5%
Accelerated Reward Rate
5%
(4.6/5)
Categories: ,
Cashback
Reward Points
Airmiles
Airport Lounge
Additional Details...
Joining fee
(INR including GST)
₹ Nil
Renewal fee
(INR including GST)
₹ Nil
Base Reward Rate
1.5%
Accelerated Reward Rate
5%
Full Details
(4/5)
Cashback
Reward Points
Airmiles
Airport Lounge
Joining fee
(INR including GST)
₹ 0
Renewal fee
(INR including GST)
₹ 0
Base Reward Rate
0.67%
Accelerated Reward Rate
8%
(4/5)
Cashback
Reward Points
Airmiles
Airport Lounge
Additional Details...
Joining fee
(INR including GST)
₹ 0
Renewal fee
(INR including GST)
₹ 0
Base Reward Rate
0.67%
Accelerated Reward Rate
8%
Full Details

Domestic Airport Lounge Access

Not Available

International Airport Lounge Access

Not Available

Airport Spa Access

Not Available

Airport Meet & Greet Service

Not Available

Railway Lounge

Not Available

Movie Tickets

Not Available

Dining Benefit

Not Available

Golf

Not Available

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ICICI Bank Platinum Credit Card

ICICI Bank Platinum Chip Credit Card

(3/5)