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ICICI Bank Sapphiro Credit Card

Product Details
Credit Card Name : 

ICICI Bank Sapphiro Credit Card

Bank Name :

ICICI Bank

Type :

Premium Credit Card

Interest Rate : 

3.40% per month / 40.80% p.a.

Eligibility :

To apply for the credit card, you have to be at least 23 years old.
A good credit score of 750 or higher is required.
You have to be an Indian citizen.
For salaried individuals, the minimum monthly income required to apply for the card is Rs. 80,000, and for self-employed individuals, it is Rs. 83,333.

ICICI Bank Sapphiro Credit Card
Pros
  • The card offers attractive welcome benefits of up to Rs. 10,000 on paying the annual fee. 

  • Get up to 20,000 reward points every anniversary year. 

  • 2 Complimentary international airport lounge visits and 2 domestic airport spa visits per calendar year, under the complimentary membership to the Dreamfolks programme. 

  • 4 complimentary access per quarter to select airport lounges in India, on a minimum spend of Rs 5,000 or above in a calendar quarter on your ICICI Bank Sapphiro Credit Card to avail this facility in the next calendar quarter.

  • Enjoy up to 4 complimentary rounds of golf every month at the golf course of your choice based on eligible spends on your card.

  • Buy one movie/event ticket and get up to Rs 500 off on the second ticket, twice every month, through www.bookmyshow.com

  • Earn 2 Reward Points for every INR 100 spent on domestic transactions and 4 Reward Points for every INR 100 Spent on international transactions. 

Cons
  • The card has a high annual fee of Rs. 3,500.

  • The reward rate of the card is average compared to other premium credit cards.

  • The interest rate on the card is relatively high. 

Pros & Cons
Welcome Benefits

The card offers attractive welcome benefits of up to Rs. 10,000 on paying the annual fee. 

Rewards System
  • Earn 2 Reward Points for every INR 100 spent on domestic transactions and 4 Reward Points for every INR 100 Spent on international transactions. 

  • The value of 1 reward point for ICICI Bank Sapphiro Credit Card is Re. 0.25. 

  • The effective cashback rate for the card depends on the customer’s spending pattern and the rewards earned, the net reward yield of the card is estimated to be 0.8-0.9% on monthly spending above Rs. 50,000 

International Forex Markup

IFM: Up to 3.5% 

Welcome Benefits and Reward System
Special Features
  • Domestic Airport Spa Access: 2 complimentary visits per year.

  • Complimentary Golf Benefits

Eligibility Criteria

To apply for the credit card, you have to be at least 23 years old.
A good credit score of 750 or higher is required.
You have to be an Indian citizen.
For salaried individuals, the minimum monthly income required to apply for the card is Rs. 80,000, and for self-employed individuals, it is Rs. 83,333.

Benefits

Rewards:

  • Earn 1 reward point per Rs. 100 spent on fuel, utilities, and insurance.

  • Get up to 20,000 ICICI Bank Reward points on your card every anniversary year.

  • Milestone Rewards program: Get 4000 points on spending Rs. 4,00,000 on your card and 2,000 points each time you cross Rs. 1,00,000.

Lounge access:

  • 2 complimentary international airport lounge visits and 2 complimentary domestic airport spa visits per calendar year with the Dreamfolks Programme membership.

  • 4 complimentary access per quarter to select airport lounges in India, on a minimum spend of Rs 5,000 or above in a calendar quarter.

Other benefits:

  • 1% fuel surcharge waiver on all fuel transactions of up to Rs 4000 at any fuel outlet.

  • Welcome vouchers worth ₹ 9,000+ within 45 days of payment of joining fees.

  • Complimentary golf course access facility. 

  • Complimentary accident insurance cover of Rs. 2 lakhs.

  • Personal accident cover of Rs. 1 lakh.

Speical Feature, Eligibility and Benefits
How to apply for Credit Card?
  1. Visit the ICICI Bank website or mobile app.

  2. Go to the credit cards section.

  3. Select the ICICI Bank Sapphiro Credit Card (Visa or Mastercard).

  4. Click on "Apply Now".

  5. Fill in the application form with your details.

  6. Submit the form.

Once you have submitted your application, ICICI Bank will process it and let you know the decision within a few days.

Contact Details

1800 1080

Account Opening and Procedure
ICICI Bank Sapphiro Credit Card

The ICICI Bank Sapphiro Credit Card can be a good option for frequent travellers who utilize the airport lounge access, travel insurance, and dining benefits. However, the high annual fee and average reward rate make it less suitable for non-frequent travelers or those looking for cards with the best reward programs. Before applying, consider your spending habits and compare it to other premium cards on the market to see if it aligns with your priorities and offers good value for your money.

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: Rs 6,500

  • Annual Fee: Rs 3,500 (waived off on spending more than Rs 6 lakh in the previous year)

  • Finance Charges: 3.40% per month / 40.80% p.a.

  • Late Payment Fee: Nil for the amount due less than Rs. 100; Rs 100 for amount between Rs 100 and Rs 500; Rs 500 for the total amount due greater than Rs 501 and up to Rs 10,000; Rs 750 for the total amount due greater than Rs 10,000. 

  • Cash Advance Charges: 2.5% on the advanced amount, subject to a minimum of ₹300

  • Foreign currency transactions:  Mark-up of 3.50%. 

  • Reward Redemption fees: Rs. 99/- 

Fuel Surcharge

1% fuel surcharge waiver on all fuel transactions of up to Rs 4000 at any fuel outlet when the card is swiped.

Billing Cycle

30 days

Fees & Charges
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