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ICICI Bank Instant Platinum Credit Card

Product Details
Credit Card Name : 

ICICI Bank Instant Platinum Credit Card

Bank Name :

ICICI Bank

Type :

Regular Credit Card

Interest Rate : 

Interest Rate: 2.49% per month (annual interest rate - 29.88%).

Eligibility :

Age: Miniimum age of applicant should be 18
Fixed Deposit: Applicant should maintain a FD with ICICI Bank. FD amount should be of INR 50,000 and above. The FD should be in auto renewal mode.

ICICI Bank Instant Platinum Credit Card
Pros
  • Reward Points: Get 2 reward points on spending INR 100. Value of 1 reward point = INR 0.50. Cashback percentage: 1%. 

  • Enjoy offers from Visa from time to time.

Cons
  • Low cashback rate.

  • No free movies.

  • No free airport lounge visits. 

  • Limited value add benefits. 

Pros & Cons
Welcome Benefits

None.

Rewards System

Reward Points: Get 2 reward points on spending INR 100. Value of 1 reward point = INR 0.50. Cashback percentage: 1%. 

International Forex Markup

3.5%.

Welcome Benefits and Reward System
Special Features

Card is issued against fixed deposit maintained with ICICI Bank. Individuals with low cibil score can apply for this card.

Eligibility Criteria

Age: Miniimum age of applicant should be 18
Fixed Deposit: Applicant should maintain a FD with ICICI Bank. FD amount should be of INR 50,000 and above. The FD should be in auto renewal mode.

Benefits

Card is issued against fixed deposit maintained with ICICI Bank. Individuals with low cibil score can apply for this card.

Speical Feature, Eligibility and Benefits
How to apply for Credit Card?

There are two major ways to apply for the card, depending on whether you have an existing ICICI Bank Fixed Deposit or not:


With an existing FD:

  1. Minimum FD Requirement: You need to have an ICICI Bank FD of at least INR 50,000 and it should be in auto-renewal mode.

  2. Visit your nearest ICICI branch: Bring your PAN card and proof of address documents.

  3. Apply against your FD: The bank will link your FD to the card and issue the card instantly.

Without a Fixed Deposit:

  1. Apply online: This option is available for existing ICICI customers. You can access the application form through the ICICI website or mobile app.

  2. Documents: PAN card, proof of address, proof of income (salary slips or ITR documents).

  3. Approval process: You will receive a decision within a few days. If approved, you might need to visit a branch for verification and card collection.


Contact Details

1800 1080

Account Opening and Procedure
ICICI Bank Instant Platinum Credit Card

This card has minimum value add benefits. Even the cashback rate is low. The only good thing about the card is that it is issued against fixed deposit maintained with ICICI Bank. Individuals with low cibil score can apply for this card.

Abhijeet Saxena

Abhijeet Saxena

Abhijeet Saxena

Nalsar University of Law

Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi

Ex - Khaitan & Co. Bengaluru,

Ex - National Stock Exchange, Mumbai,

Ex - Argus Partners, Mumbai

Product Review
Fees & Charges
  • Joining Fee: INR 0

  • Annual Fee (Second year onwards): INR 0

  • Interest Rate: 2.49% per month (annual interest rate - 29.88%). 

  • Interest On Cash: 2.49% per month (annual interest rate - 29.88%). 

  • Forex Marku: 3.5%

  • Cash Withdrawal Fee: 2.5% on advanced amount , subject to minimum of INR 500.

  • Rewards Redemption Fee: INR 99

  • Late Payment Charges: 0-1200 depending on the outstanding amount.

Fuel Surcharge

1%, however, fuel surchage waiver avaiable on HPCL petrol pumps for transactions upto INR 4,000.


Billing Cycle

30 days.

Fees & Charges
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