ICICI Platinum Chip Credit Card - Lifetime Free & Instant Discounts

Overview

Updated On: August 24, 2026 | AB Published by: Amit B | 2 min read

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.

Pros

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

Cons

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

Fees & Charges

Joining / Annual Fee Nil

Renewal Fee Nil

Annual Spend Target for Fee Waiver Nil

Minimum Annual Income Required ₹ 239,998

Rewards and Benefits

Reward Rate

0.4

Base Reward Rate

0.4%

Accelerated Reward Rate

0.4%

Welcome Benefits

NIL

Renewal Benefits

No Renewal Benefits

Rewards & Cashback Details

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 Transaction Mark-up Charges

3.5% plus GST (4.13% including GST)

Rewards 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.

Additional Benefits

Domestic Airport Lounge

International Airport Lounge

Railway Lounge Access

Movie Benefits

Dining Benefits

Golf Benefits

Lifestyle Benefits Details

No Lifestyle Benefits in this Credit Card

Features & Benefits

Reward Points

Utility Bills

Insurance

NPS

Education

Government Payment

Rent

Gift Cards

Jewellery

Wallet Load

Rewards on EMI

Cashback

Airmiles

Airport Lounge

Fuel

No Cashback / Rewards Categories

Fuel

Ratings & Reviews

3

Overall Rating

Reward Rate

2/5

Lifestyle Benefits

1/5

Ease of Reward Redemption

3/5

Value For Money

5/5

Customer Service

4/5

Detailed Review

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.

Eligibility & Important Info

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+

Important Links

ICICI Bank's Accelarated Reward Portal: https://www.icicibank.com/ishop

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