ICICI Bank Sapphiro Credit Card
MyRupaya Ratings
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.
Pros
Welcome benefit: The card offers attractive welcome benefits of up to Rs. 10,000 on paying the annual fee.
Rewards system: The value of 1 reward point for ICICI Bank Sapphiro credit card is Rs. 0.25. Users will earn 2 reward points for every INR 100 spent on domestic transactions, effective cashback rate: 0.50%, and 4 reward points for every INR 100 spent on international transactions, effective cashback rate: 1%.
Milestone benefit: Users will 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.
Users can enjoy up to 4 complimentary rounds of golf every month at the golf course of their choice based on eligible spends on their card.
Buy one movie/event ticket and get up to Rs 500 off on the second ticket, twice every month, through www.bookmyshow.com.
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
The value of 1 reward point for ICICI Bank Sapphiro credit card is Rs. 0.25.
Users will earn 2 reward points for every INR 100 spent on domestic transactions, effective cashback rate: 0.50%, and 4 reward points for every INR 100 spent on international transactions, effective cashback rate: 1%.
International Forex Markup
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 benefits.
Airport lounge benefit.
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?
Visit the ICICI Bank website or mobile app.
Go to the credit cards section.
Select the ICICI Bank Sapphiro Credit Card (Visa or Mastercard).
Click on "Apply Now".
Fill in the application form with your details.
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
Recommended Credit Cards
Pros:-
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Cons:-
Welcome benefit: The card offers attractive welcome benefits of up to Rs. 10,000 on paying the annual fee.
Rewards system: The value of 1 reward point for ICICI Bank Sapphiro credit card is Rs. 0.25. Users will earn 2 reward points for every INR 100 spent on domestic transactions, effective cashback rate: 0.50%, and 4 reward points for every INR 100 spent on international transactions, effective cashback rate: 1%.
Milestone benefit: Users will 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.
Users can enjoy up to 4 complimentary rounds of golf every month at the golf course of their choice based on eligible spends on their card.
Buy one movie/event ticket and get up to Rs 500 off on the second ticket, twice every month, through www.bookmyshow.com.
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.
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.
ICICI Bank Sapphiro Credit 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
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