None.
ICICI Bank Instant Platinum Credit Card
Rewards & Benefits
Welcome Benefits
None.
Milestone Benefits
None.
Cashback Rate
Users will get 2 reward points on spending INR 100.
Value of 1 reward point = INR 0.50.
General Cashback Rate: 1%.
Movie Benefits
None.
Dining Benefits
None.
Other Benefits
Card is issued against fixed deposit maintained with ICICI Bank. Individuals with low cibil score can apply for this card.
Users will get offers from Visa from time to time.
No joining fee.
No annual fee.
2.5% fuel surcharge on fuel purchases at HPCL Petrol Pumps when this credi card is swiped on the ICICI Merchant Services swipe machine. Waiver is there for fuel transaction upto INR 4,000.
Lounge Access
None.
Rewards & Benefits
Welcome Benefits
None.
Milestone Benefits
None.
Cashback Rate
Users will get 2 reward points on spending INR 100.
Value of 1 reward point = INR 0.50.
General Cashback Rate: 1%.
Movie Benefits
None.
Dining Benefits
None.
Other Benefits
Card is issued against fixed deposit maintained with ICICI Bank. Individuals with low cibil score can apply for this card.
Users will get offers from Visa from time to time.
No joining fee.
No annual fee.
2.5% fuel surcharge on fuel purchases at HPCL Petrol Pumps when this credi card is swiped on the ICICI Merchant Services swipe machine. Waiver is there for fuel transaction upto INR 4,000.
Lounge Access
None.
Fees & Charges
Joining Fee
INR 0
Annual Fee
(Second year onwards): INR 0
Cash Advance Fee
Cash Withdrawal Fee: 2.5% on advanced amount , subject to minimum of INR 500.
Interest rate
Interest Rate: 2.49% per month (annual interest rate - 29.88%). | Interest On Cash: 2.49% per month (annual interest rate - 29.88%).
Late Payment Fee
Late Payment Charges: 0-1200 depending on the outstanding amount.
Foreign Currency Transactions Fee
Forex Marku: 3.5%
Other Fees
Rewards Redemption Fee: INR 99
Fees & Charges
Joining Fee
INR 0
Annual Fee
(Second year onwards): INR 0
Cash Advance Fee
2.5% or ?500 whichever is higher
Interest rate
Interest Rate: 2.49% per month (annual interest rate - 29.88%). | Interest On Cash: 2.49% per month (annual interest rate - 29.88%).
Late Payment Fee
Late Payment Charges: 0-1200 depending on the outstanding amount.
Foreign Currency Transactions Fee
Forex Marku: 3.5%
Other Fees
Rewards Redemption Fee: INR 99
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.
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:
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.
Visit your nearest ICICI branch: Bring your PAN card and proof of address documents.
Apply against your FD: The bank will link your FD to the card and issue the card instantly.
Without a Fixed Deposit:
Apply online: This option is available for existing ICICI customers. You can access the application form through the ICICI website or mobile app.
Documents: PAN card, proof of address, proof of income (salary slips or ITR documents).
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
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.
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
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai